{"id":243,"date":"2021-09-01T15:17:00","date_gmt":"2021-09-01T15:17:00","guid":{"rendered":"https:\/\/www.alcomgt.com\/blog\/?p=243"},"modified":"2021-09-10T21:37:55","modified_gmt":"2021-09-10T21:37:55","slug":"alco-management-purchases-142-unit-apartment-community-plans-5-5-million-renovations","status":"publish","type":"post","link":"https:\/\/www.alcomgt.com\/blog\/2021\/09\/01\/alco-management-purchases-142-unit-apartment-community-plans-5-5-million-renovations\/","title":{"rendered":"ALCO Management Purchases 142-Unit Apartment Community, Plans $5.5-Million Renovations"},"content":{"rendered":"<p style=\"margin:0in\"><span style=\"font-size:14px;\"><span style=\"font-family:Times New Roman,Times,serif;\"><span style=\"background:white\"><span century=\"\" gothic=\"\"><span style=\"color:#222222\">ALCO Management, Inc. has announced the purchase of mixed-income apartment community Battery Heights, marking its seventh purchase in the greater Chattanooga area since 2015. <\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin:0in\">&nbsp;<\/p>\n<p style=\"margin:0in\"><span style=\"font-size:14px;\"><span style=\"font-family:Times New Roman,Times,serif;\"><span style=\"background:white\"><span century=\"\" gothic=\"\"><span style=\"color:#222222\">After closing on the property August 31, ALCO is now putting a $5.5-million renovation plan in motion to upgrade the 142-unit community while preserving its affordability<\/span><\/span><span century=\"\" gothic=\"\"><span style=\"color:black\">. In addition to upgrading all kitchens, bathrooms, roofs, windows and more,<\/span><\/span> <span century=\"\" gothic=\"\"><span style=\"color:#222222\">ALCO will add a fitness center, WiFi, washer and dryer hookups, energy-efficient lighting and new security cameras.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin:0in\">&nbsp;<\/p>\n<p style=\"margin:0in\"><span style=\"font-size:14px;\"><span style=\"font-family:Times New Roman,Times,serif;\"><span style=\"background:white\"><span century=\"\" gothic=\"\"><span style=\"color:black\">As surrounding Chattanooga-area apartment rental rates begin to rank among the fastest-growing in the country, <\/span><\/span><span century=\"\" gothic=\"\"><span style=\"color:#222222\">ALCO is more dedicated than ever to keeping its communities accessible. As part of its partnership with the Tennessee Housing Development Agency, ALCO has committed for the next 30 years to ensuring that Battery Heights residents don&rsquo;t pay more than 30 percent of their income on rent and utilities.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin:0in\">&nbsp;<\/p>\n<p style=\"margin:0in\"><span style=\"font-size:14px;\"><span style=\"font-family:Times New Roman,Times,serif;\"><span style=\"background:white\"><span century=\"\" gothic=\"\"><span style=\"color:black\">&ldquo;At ALCO, we think that by working together with our partners to create places that are affordable and that people are proud to call home, we can do our part to build community,&rdquo; said ALCO Acquisitions &amp; Development Analyst Thomas Robinson. &ldquo;Chattanooga is a place that we already call home as a company, and we&rsquo;re excited to expand our efforts there.&rdquo;<\/span><\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ALCO Management, Inc. has announced the purchase of mixed-income apartment community Battery Heights, marking its seventh purchase in the greater Chattanooga area since 2015. &nbsp; After closing on the property August 31, ALCO is now putting a $5.5-million renovation plan in motion to upgrade the 142-unit community while preserving its affordability. In addition to upgrading&hellip; <\/p>\n<p><a href=\"https:\/\/www.alcomgt.com\/blog\/2021\/09\/01\/alco-management-purchases-142-unit-apartment-community-plans-5-5-million-renovations\/\" class=\"btn btn-primary\">Read More <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":12613,"featured_media":546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"_pingme":["1","1","1","1","1","1","1","1","1","1"],"_encloseme":["1","1","1","1","1","1","1","1","1","1"],"_thumbnail_id":["546"]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ALCO Management Purchases 142-Unit Apartment Community, Plans $5.5-Million Renovations - ALCO Management Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.alcomgt.com\/blog\/2021\/09\/01\/alco-management-purchases-142-unit-apartment-community-plans-5-5-million-renovations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ALCO Management Purchases 142-Unit Apartment Community, Plans $5.5-Million Renovations - ALCO Management Blog\" \/>\n<meta property=\"og:description\" content=\"ALCO Management, Inc. has announced the purchase of mixed-income apartment community Battery Heights, marking its seventh purchase in the greater Chattanooga area since 2015. &nbsp; After closing on the property August 31, ALCO is now putting a $5.5-million renovation plan in motion to upgrade the 142-unit community while preserving its affordability. 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