Atlanta investor sells 42 metro Atlanta rental homes for nearly $5M

August 5, 2016

A metro Atlanta investor is selling 42 Atlanta-area rental homes to a Texas-based real estate company for $4.72 million.

Atlanta investor sells 42 metro Atlanta rental homes for nearly $5M

Bruce McNeilage

Kennesaw, Ga.-based Kinloch Partners LLC 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.

Kinloch Partners bought the homes in 2011 for an undisclosed sum.

Kinloch Partners co-founder Bruce McNeilage , who founded the real estate investment company with his elementary school playmate Christopher P. Zachary , said his strategy has been to provide young families homes to rent that they can hopefully go on to purchase.

“The consumer demographics indicated there was a significant need for rental homes in this area,” he said. “Now that we’ve upgraded so many homes and created stable rental situations, our homes are attractive to major national companies looking for rental opportunities.”

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.

Phil W. Hudson is a music, sports and finance reporter. Click here to follow him on Twitter , here to follow him on Facebook and here to follow him on Instagram.

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