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.