Kaplan Residential and Atlantic Residential have opened Everton Estates, a 183-unit build-to-rent community in Cartersville, Ga., northwest of Atlanta. The development was financed with a $28.1 million construction loan provided by First Horizon Bank in August 2021, Yardi Matrix data shows. Crosby Design Group led the design efforts for the development, whereas English & Associates Architects handled the amenity space design.
Spanning 57.9 acres, the property comprises two- and three-bedroom townhome units, ranging from 1,200 square feet to 1,513 square feet, equipped with granite countertops, European cabinetry, stainless steel appliances, washers and dryers, a balcony or patio and a garage with electric vehicle charging stations. Community amenities include a swimming pool with semi-private cabanas, firepits and a grill station, a fitness center, a fitness center, a clubroom and an entertainment kitchen.
Located at 100 Everton Place, Everton Estates is within half a mile of Interstate 75 and within 1.8 miles of numerous retailer, including Target, T.J. Maxx and Publix Super Market. Downtown Cartersville is some 2.5 miles southwest of the property, providing easy access to dining and entertainment options.
Everton Estates marks Kaplan Residential’s 13th development in Georgia and 12th project in the Atlanta metro area, adding to the firm’s nearly $1 billion pipeline of assets under development. Last year, Kaplan partnered with Dune Real Estate Partners to develop the 239-unit Avondale East, another BTR community in Atlanta, scheduled for completion this year.
