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HUSREF – Harbert U.S. Real Estate Fund VII, L.P. and McDowell Properties Acquire Mainstreet at Conyers Apartments
Birmingham, AL, August 5, 2021 – Harbert United States Real Estate Fund VII, L.P., along with its parallel fund (“HUSREF VII”), has acquired Mainstreet at Conyers (“Mainstreet” or the “Property”) in Conyers, Georgia, a high growth suburb experiencing rapid in-migration, strong job growth, and a desirable quality of life. McDowell Properties is HUSREF VII’s joint venture partner in this investment. Mainstreet is conveniently located within the Atlanta Metropolitan Statistical Area (“MSA”), just 25 miles east of downtown Atlanta. Built in 2000, the 192-unit, garden style apartment complex boasts attractive floor plans averaging 1,125 square feet. The Property is in close proximity to Piedmont Rockdale Hospital, Rockdale County schools, Cherokee Run Golf Club and over 4.28 million square feet of retail, restaurants and entertainment. The Property is also a convenient commute to many major job nodes in the MSA.
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