An East Brainerd apartment complex built last year is getting a new owner, name and upgrade.
PointOne Holdings, a private real estate investment company based in Hollywood, Fla., said Wednesday it has purchased The Springs at Chattanooga, a 260-unit, garden-style apartment community located in East Brainerd at 7401 Allemande Way.
Built in 2015, The Springs will be rebranded as Hunters Point,. Units average 963 square feet and feature garden tubs, washer/dryer connections, patios or balconies, bay windows and walk-in closets.
PointOne plans to invest $650,000 in capital improvements to the property, the company said.
The sale of the The Springs is the latest among seven major apartment complexes sold in Hamilton County in the past two months. Collectively, the sales of the rental housing complexes have totaled more than $100 million.