PORTFOLIO

POLARIS AT CUMMING

Acquired August 2020

Location: Cumming, GA

Unit Count: 25 Units

Target IRR: 21.74%

Target Equity Multiple: 1.83x

Acquisition of a 25-unit, value-add asset. Located in Cumming (GA), an exurban city within the Atlanta MSA. Proximity to Cumming Downtown area, major schools, retailers & employers along with immediacy to Cumming City Center (Major mix used development currently under construction). A renovation-oriented business plan combined with an attractive in town location, provides an opportunity for rent growth (presents a tight apartment supply which supports potential rent growth and strong demand projections), asset appreciation, and value generation.