Portfolio Milestone: Viking Capital's 26th Aquisition
ATLANTA, GA / ACCESSWIRE / May 18, 2024 / Viking Capital, a renowned private equity firm dedicated to elevating multifamily properties, proudly announces the successful culmination of its latest venture - the acquisition of Dawson Forest. This exceptional property, boasting 268 units, is strategically nestled in the heart of Atlanta's Expanding GA-400 Northern Corridor.
Dawson Forest represents a significant addition to Viking Capital's esteemed portfolio of multifamily assets, aligning seamlessly with the firm's commitment to delivering outstanding investment opportunities to its discerning investors.
About Dawson Forest:
Dawson Forest stands as a premier multifamily investment opportunity within Viking Capital's portfolio, offering 268 value add on 68% of units. Strategically positioned in Dawson County, one of Georgia's fastest-growing counties, Dawson Forest benefits from its strategic location amidst exponential growth.
Key Investment Highlights:
This strategic acquisition underscores Viking Capital's dedication to identifying properties poised for growth and value creation. With a purchase price of $52 million and substantial value-add potential, Dawson Forest is positioned to undergo strategic enhancements to elevate the overall resident experience.
Financial Highlights:
Viking Capital is delighted to confirm the successful completion of the Dawson Forest acquisition, with a total investment of $52 million. Financing for this transaction secured a favorable fixed interest rate of 5.65%, complemented by additional advantageous terms, enhancing the investment's appeal.
Portfolio Milestone:
Dawson Forest marks a significant milestone as Viking Capital's 26th successful acquisition, contributing to the firm's impressive track record of over $830 million in assets acquired. This milestone underscores Viking Capital's unwavering commitment to strategic growth and its ability to consistently deliver value to investors.
About Viking Capital:
Viking Capital stands as a leading private equity firm specializing in multifamily properties, dedicated to delivering robust returns to its esteemed investors. For further details about Viking Capital and its investment opportunities, please visit www.vikingcapllc.com.
Contact Information
Ashley Penrod
Director of Marketing
apenrod@vikingcapllc.com
2088599720
SOURCE: Viking Capital
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