PORTFOLIO
POLARIS AT AUBURN
Acquired: April 2023
Location: Auburn, GA
Unit Count: 60Units
Target IRR: 18.19%
Target Equity Multiple: 1.70x
*IRR and Equity Multiple expressed as Project-Level Returns
Acquisition of a 60-unit, value-add asset. Located in Auburn (GA), an exurban city within the Atlanta MSA. A renovation-oriented business plan combined with an attractive location nearby Downtown Auburn, major retailers, employers, and new development projects (Major mixed-use development currently under Development –Harmony/Rowen). Also, a property that provides an opportunity for rent growth, asset appreciation, and value generation.