Image courtesy of Thomas & Hutton.
Atlanta-based single-family rental owner/operator Quinn Residences acquired the 270-townhome section of the Covington Town Center mixed-use development that is currently under construction in Covington.
The 131-acre project will also include a movie theater, a Publix supermarket, commercial office space and two flagship Marriott hotels within walking distance, according to a press release.
The rental townhomes, which are scheduled for a fourth-quarter delivery, will be three- and four-bedroom units with garages, ranging from 1,573 to 1,941 square feet.
Financial details of the transaction were not disclosed. The acquisition is Quinn’s first in the Atlanta metro area.
Quinn also acquired Fair Forest, a 207 single-family home community in Spartanburg, S.C. Homes there are scheduled for delivery in the third quarter.