Wood Partners Continues to Contribute to the Housing Stock of Its Hometown
- Sep 15, 2015
By Alex Girda, Associate Editor
Wood Partners’ Alta Belmont community is already proving to be a success with renters, in spite of the fact that it hasn’t been completed yet. Property management duties at the community are currently being handled by Wood Residential Services, a division within Wood Partners.
Located at 400 Belmont Place in Smyrna, GA, the 274-unit luxury apartment community is just 10 miles away from Atlanta’s core. The community also offers proximity to the airport, as well as the Braves’ new stadium, currently under construction. The community’s name comes from its presence in the Belmont mixed-use community, a 48-acre venture that’s being carried out by Halpern Enterprises in Smyrna.
In terms of amenities, Alta Belmont is a pet-friendly, smoke-free community that offers residents a fitness club, yoga studio, fire pit, a social lounge, and detached garages. The unit mix at the property features one-, two- and three-bedroom apartments, as well as studios. Alta Belmont is Wood Parnters’ 22nd multifamily community in its hometown of Atlanta. According to Yardi Matrix data, the average rent paid for a unit at the community stands at around $1,367, subject to some modifications as the property becomes fully occupied.