A metro Atlanta investor just made another major sale this year.
Kennesaw, Ga.-based Kinloch Partners LLC sold 28 single-family homes to Atl 2 SF LC LLC, a San Francisco-based 643 Capital LLC and San Francisco-based Street Lane Homes LLC owned company, for $3.2 million dollars.
The homes, located in Southwest Fulton County and DeKalb County, were all purchased and renovated by Kinloch Partners since 2014 and are currently providing positive cash flow from rental income, the company said.
Kinloch co-founder Bruce McNeilage said the consumer demographics indicated there was a significant need for rental homes in the area.
Atlanta Business Chronicle reported in August Kinloch sold 42 single-family homes located in Southwest Fulton County, North Clayton County and Dekalb County for $4.72 million to Jeff 1 LLC, an Austin-Texas based Main Street Renewal LLC and Amherst Holdings LLC owned company.
Atlanta Business Chronicle reported in July 2015 that Kinloch Partners would invest $10 million in existing single-family homes in Atlanta south of Interstate 20.
Kinloch Partners first entered the Atlanta market in August 2011.