Kairos Acquires Austell Affordable Multifamily for $35M, Plans ESG Upgrades

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.

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* 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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