ALCO Management, Inc. Acquires 150-Unit Affordable Apartment Community in Fort Oglethorpe, Georgia

ALCO Management, Inc. recently welcomed 150 apartment homes and families. On Dec. 3, ALCO bought The Crossing, a mixed-income apartment community in Fort Oglethorpe, Georgia with 123 affordable apartments and 27 market-rate apartments. 

ALCO’s acquisition of The Crossing, located about 10 miles south of Chattanooga, Tennessee, reaffirms its commitment to the Chattanooga metro area — marking the sixth property in the Chattanooga area that ALCO has bought and begun managing in the last five years alone.

Acquisitions and Development Analyst Thomas Robinson said one of the reasons ALCO chose The Crossing is its proximity to a key intersection in Fort Oglethorpe, giving residents easy access to many amenities.

“Our mission is to provide quality, affordable housing for residents to call home — we want to create a good atmosphere for people to live in,” Robinson said. “We think The Crossing is a perfect place to do that, and we’re excited about being a part of that community.”

ALCO has a decades-long history of preserving and improving apartment communities, and it plans to do the same over time for The Crossing while maintaining its affordability. The Memphis-based affordable housing manager currently oversees more than 6,500 apartment units across nine states.