Hathaway Announces New Apartment Development in Calhoun, GA

Atlanta, GA (May 2022) — Hathaway and its strategic equity partners Lynx Capital, LLC and Marble Capital, LP recently closed a transaction to acquire 19 acres to do ground-up construction on a 300-unit class "A" garden style apartment community will be located in Calhoun, GA. The project is located roughly halfway between the Atlanta and Chattanooga metropolitan areas within the nexus of the I-75 Industrial Corridor (the "Corridor"), defined as the roughly 60-mile stretch of I-75 from north Atlanta to Dalton, GA. The Corridor is experiencing substantial industrial growth, with roughly 7 million SF of industrial space under construction, adding to an already robust inventory of almost 60 million SF. The project is set to break ground immediately and is planned for full construction in the 3rd quarter of 2024.

The project will be named The Exchange Apartments and is planned to begin leasing in the 3rd quarter of 2023. The multifamily community will offer 1-, 2-, and 3-bedroom floor plans featuring granite countertops in kitchens and bathrooms, 9-foot ceilings, oversized walk-in closets, and spacious balconies/patios. Amenities include a clubhouse, state-of-the-art fitness center, electric car-charging stations, 24/7 package concierge lockers, dog parks, valet trash service, an outdoor grilling area, and a resort-style swimming pool, with separate garage/storage units available for lease.

Hathaway is headquartered in Atlanta, GA, and operates in multiple primary, secondary, and tertiary markets nationwide. Since its inception, Hathaway has developed, acquired, and/or built over 15,000 multi-family units in 9 states, totaling over $1 billion in asset creation for its investors and clients. By focusing on a variety of markets, Hathaway has positioned itself to appeal to a wider range of investors and, at the same time, has worked through inevitable, challenging market changes. Hathaway's primary objective is to provide the highest yield to its investors, while focusing on the desires and expectations of its residents in each community.