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Daniele Di Cerbo & Marco Canonaco of Willowdale Equity Acquire 69-Unit Georgia Apartment Complex

ATLANTA, Nov. 7, 2019 /PRNewswire/ -- Private real investment firm Willowdale Equity, who focuses on value-add multifamily properties across the United States, announced its acquisition of a 69-unit multifamily property located in Bonaire, GA just off of the popular Feagin Mills Road.
Daniele Di Cerbo & Marco Canonaco of Willowdale Equity Acquire 69-Unit Georgia Apartment Complex
"This asset offered a unique opportunity to acquire a stabilized property with strong upside potential through a strategic renovation plan, strong management and a heavy focus on resident experience," said Daniele Di Cerbo, Co-Founder of Willowdale Equity.Built in 1969, the apartment complex sits on 9 acres of land with a unit mix of 33 1Bed/1Bath, 26 2Bed/1Bath, 3 2Bed/2Baths, and 7 3Bed/1Bath with an average unit SqFt of 783. Willowdale Equity plans to fully renovate the property with a strong focus on exterior to start. Some of the improvements include taking care of some deferred maintenance like the roofs, followed by re asphalting all tenant parking areas, repainting every structure, new doors, new mailboxes, new flower beds, landscaping and much more."We really like the sub-market and where things are headed. The city boasts an average vacancy of 4.3%, population has grown by 50% plus since the year 2000, and job growth has grown by 2.1% over the last year," said Marco Canonaco, Co-Founder of Willowdale Equity.
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