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 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