Acquired June 2021

Location: College Park GA

Unit Count: 155

Target IRR: 19.46%

Target Equity Multiple: 2.15x

Acquisition of a 155-unit, value-add asset. Located in College Park (GA), an urban city within the Atlanta MSA. Proximity to the Atlanta Airport and Downtown Atlanta, major retailers & employers along with immediacy to major new development projects (Major mix used development currently under planning – Airport City). A renovation-oriented business plan combined with an attractive in town location, provides an opportunity for rent growth (Anticipated higher demand is expected in the area due to upcoming developments like Aerotropolis), asset appreciation, and value generation.