Vukota Real Estate Acquires Rainbow Forest Apartment Homes in Decatur, Georgia
13 July, 2018
July 13, 2018 – VCM is pleased to announce the acquisition of Rainbow Forest Apartment Homes, a 156-unit apartment community located in Decatur, Georgia.
The apartment community was constructed in 1970 and features a desirable unit mix consisting of two- and three-bedroom floorplans. The property is located in the city of Decatur, in the county of DeKalb, between I-20 and I-285, and offers tenants immediate accessibility to two of the city’s major transportation arteries. Downtown Atlanta is 7 miles west on I-20, and Hartsfield-Jackson Airport, Atlanta’s largest employer with more than 63,000 jobs, is only 10 miles southwest on I-285. Additional nearby employment opportunities are plentiful with such major employers as Centers for Disease Control and Prevention, Children’s Healthcare of Atlanta, DeKalb Medical, Emory Healthcare, State Farm Mutual Auto Insurance Company, The Kroger Company, and United Parcel Service.
The acquisition of Rainbow Forest Apartment Homes increases the amount of units owned by VCM to over 4,200.