June 2016

McDowell Properties Acquires The Wedgewood Park Apartments in Martinez, GA

McDowell Properties has completed the acquisition of the Wedgewood Park Apartments, a 200-unit property located in Martinez, GA (Augusta MSA).  McDowell is excited about this investment and opportunity to increase value through a strategic value add renovation program to the exteriors, amenities, and interiors as well as more hands on management.  Wedgewood Park is well located in Augusta’s most sought-after submarket due to the high performing schools, low crime rates, and high household incomes.  Additionally, there is an abundance of desirable big box and neighborhood retail in the immediate area as well as large employment centers.

McDowell Properties is a leading real estate investment company that focuses on the acquisition, management and repositioning of multifamily properties in growth markets throughout the United States. The current portfolio consists of over 13,000 apartment units. The company is based in Dallas and has regional offices in New York, Miami, Raleigh and San Francisco. The senior management team has owned and managed in excess of $7.5BN of real estate in 40 of the top 50 MSAs, with a particular focus on multifamily. McDowell is actively making investments with discretionary capital as well as through joint ventures with institutional investors.

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