Kairos Buys Apartments in Georgia for $35M

February 25, 2022

Rancho Santa Margarita-based Kairos Investment Management Co. recently acquired a 238-unit affordable apartment complex in Austell, Ga., for $34.6 million.

The 32-year-old Walton Crossing community sits on 20 acres and is about 15 miles from downtown Atlanta. Kairos said most of the units are income and rent-restricted to 60% of the area’s median income.

“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. “As a company that actively takes a proactive approach to asset management, our team is adept at identifying properties that can benefit from our value-add strategy and enhance the lifestyle of present and future renters.”

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