Published: November 19, 2010

Wyatt Capital, LLC Acquires Defoors Crossing Apartments from AIMCO

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ATLANTA - (BUSINESS WIRE) - Wyatt Capital, LLC acquired the 60 unit Defoors Crossing apartments, located at 2100 Defoors Ferry Road, from AIMCO, one of the largest apartment REIT's in the U.S., based in Denver, Colo. for $3 million.

The acquisition of this asset is an addition to a 1.8 acre land assemblage that Wyatt Capital had previously acquired. This assemblage contained four contiguous parcels adjacent to Defoors Crossing.

"This acquisition is consistent with our investment strategy to acquire value oriented real estate assets with a focus on well located infill properties," stated Harold Wyatt, principal of Wyatt Capital, LLC. "We like the attributes of Defoors Crossing as a stand-alone investment; however, we also appreciate the opportunities that owning Defoors Crossing offers as a compliment to our adjacent site as we consider appropriate entitlement plans."

The Defoors Crossing asset acquisition closed in August 2010.

About Wyatt Capital, LLC

Wyatt Capital, LLC is an investment firm specializing in sourcing value oriented commercial real estate investments on behalf of investor clients, including both equity and debt placement. For further information, visit www.wyattrealtyco.com, or call 404.567.6765.