Invest With Us

$13,875,000 ($96,000/unit)

• $50k Min Investment

• 8% Preferred Return

• 18-21%+ IRR

• 5 Yr Total Hold Period

• $6.8M Equity Raise

• 30/70 GP/LP Split

• Fixed Low-Cost Agency Debt

Phoenix Place Apartments is a 144-unit multifamily garden-style apartment building located in Atlanta, GA, one of the strongest real estate markets in US.

• 91.7% Occupancy

• 1,061 SF Avg. Unit Size

• $1049 Avg. In Place Rent

• 100% Townhomes
  

• The property has the advantage of being located close to South Fulton Parkway. This employment corridor is home to Chick-fil-A corporate HQ as well as large distribution centers and major facilities for Costco, Coca-Cola, Family Dollar, Kellogg’s, Del Monte, Newell Rubbermaid, GE, CAT, Naturally Fresh, and Burris Logistics.

• Six West is a $1.5B mixed-use project located one mile away from the property. When finished, this project will contain 2.3 Million sq. ft. of class A office space, 550,000 sq. ft. of commercial space, 260 multifamily units, 100 single-family units, and 120 townhomes. Phase 1 is set to be complete in 2025.

• 54.8% Renters

• $50,371 Median Household Income

• 96.9% Employment Rate

We intend to execute a refined plan focusing primarily on management changes to the asset.

• Increase market rents through introducing professional management and B Class interior updates (new laminate countertops, LVP & stainless appliances) to 60% of the units.

• Exterior upgrades (new branding & signage, privacy fencing, and parking lot) to attract B Class tenants and achieve above-market rents. The seller is replacing ALL roofs prior to closing!

• Add a new lighting and security package with an exterior face lift to the property.