September 8, 2022

Argosy Real Estate Partners Acquires Site for Single-Family Build-to-Rent Project in McDonough, GA (Atlanta MSA)

We are pleased to announce that Argosy Real Estate Partners, in partnership with Canvas Residential and Collett Capital has acquired an approximately 27-acre site in McDonough, Georgia, a high barrier-to-entry submarket of southeast Atlanta, for the ground-up development of a 222-unit single-family build-to-rent townhome community. The site is approximately 25 miles southeast of downtown Atlanta and 19 miles from Hartsfield-Jackson Atlanta International Airport. McDonough is positioned in the center of the I-75 logistics corridor and has seen significant population growth due to its proximity to premier school systems, desirable retail offerings and adjacency to Atlanta’s primary logistics corridor. The project will be one of the first build-to-rent communities in McDonough, providing an alternative to traditional multifamily and for-sale product.

The project recently began construction and is scheduled to be completed in Q4 2024. The project will feature two-and three-bedroom townhome units that average 1,617 sf and offer residents a variety of onsite amenities including a clubhouse, fitness center and swimming pool, among others.

Argosy’s co-investor and operating partner is a partnership among Canvas Residential, (“Canvas”) a Charlotte, NC-based real estate investment company that specializes in single-family build-to-rent and multifamily development across the Southeast, and Collett Capital (“Collett”), a private real estate development and investment firm also headquartered in Charlotte. Argosy is currently partnering with Canvas / Collett on Avery Place and Oak Lake Townhomes.