PORTFOLIO

POLARIS AT AUBURN

Acquired: April 2023

Location: Auburn, GA

Unit Count: 60Units

Target IRR: 18.19%

Target Equity Multiple: 1.70x

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.