Investment Highlights:

• Some of the largest floorplans in the submarket averaging over 1,330 SF with over 50% of units are popular townhome floorplans.
• The property is served by the sought-after East Cobb County School System, unlike other nearby apartments which are in the less popular City of Marietta school district.
• According to CoStar, Atlanta rents are now above pre-COVID-19 levels, making Georgia’s capital one of only three major markets that carry that distinction.
• The large floorplans and townhome-style units are ideal for residents working from home.
• Within a five-mile radius of the property, the average household income is $108,045 and the median housing value is $368,325.
• The current owner has greatly enhanced the asset’s amenity package with a capital infusion of $1.5+ million. The amenity upgrades include a fully renovated clubhouse with leasing office, new fitness center equipment, pool furniture, and landscaping.
• Rent comparables prove the ability to receive $150-$250 rent premiums through continuing the interior renovation.
• Significant loss to lease upside can yield an additional $228,000+ in revenue by rolling through the rent roll at today’s rental rates.
• The asset is less than two miles from the $1.1B Braves Stadium and entertainment / lifestyle complex, The Battery and Truist Park.
• Located in top-ranking East Cobb apartment submarket with impressive occupancy and annual rent growth.

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