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Connect CRE Atlanta & Southeast
April 21, 2022
Kairos Investment Management Company has acquired Walton Crossing, a 238-unit affordable multifamily community in the Atlanta submarket of Austell, GA. Kairos purchased the property from the seller, an affordable housing developer located in the same area, for $34.6 million.
“We have seen the demand for high-quality, affordable housing outpace available supply throughout the country, especially in markets that attract renters due to job availability and lifestyle,” says Carl Chang, CEO and founder of Kairos.
The majority of the property’s units are income and rent restricted to 60% of the area’s median income, which aligns with the firm’s mission to make affordable housing more accessible. The firm will deploy ESG programs that will help conserve water and further the company’s sustainability efforts in addition to social programs that are tailored to the needs of the residents. The 1990-constructed Walton Crossing is situated on 20.07 acres approximately 15 miles from downtown Atlanta.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
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Copyright © 2023 Kairos Investment Management Company | Disclosures
Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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