3649 Buford Highway, NE Atlanta, GA
Strategic acquired Sierra Gardens (132 Units) and Sierra Station (62 Units) as a portfolio on October 27, 2017. These properties are across the street from each other and are managed by the same management and maintenance staff. They were both fully occupied at the time of acquisition, but the unit interiors weren't upgraded since the property was built in the 1970's. Strategic is implementing a value-add strategy in order to achieve higher market rents. After the improvements are completed and the rents are increased, the property value is expected to increase substantially.