PORTFOLIO
POLARIS AT EAST POINT
Acquired July 2022
LOCATION: East Point, GA
Unit Count: 120 Units
Target IRR: 19.78%
Target Equity Multiple: 2.21
*IRR and Equity Multiple expressed as Project-Level Returns
Acquisition of a 120-unit, value-add asset. Located in East Point (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 mixed-use development currently under Development Six West). A renovation-oriented business plan combined with an attractive in town location, provides an opportunity for rent growth, asset appreciation, and value generation.