Description

This fantastic, value-add opportunity consists of 157 units, primed for upgrades. Ideally positioned to benefit from future income growth by upgrading the existing units with a light interior renovation package and enhancements to the amenity set to reflect those of the competitive market set. There is a lot of properties at the upper end (Class A) but slim pickings in the Class B space which allows the Project to stand as a true value alternative in the market. Located in the Atlanta, GA area which is the #1 Metro Area for Economic Growth Potential Nationally.

Project Details:

Project Sources: $19,200,000
Project Timeline:
2-5 Year
Projected Returns:
Preferred Return 6-9%
Projected Equity Multiple:
1.7-2.0x
Location:
Atlanta, GA
Strategy:
Value-Add Equity Growth
Status:
Owned

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