Investment Highlights:

• 90% LIHTC property with ability to file for the qualified contract immediately and turn market rate in one year.
• Located in Cobb County, a highly-desirable north Atlanta location with high growth rates and strong demographics.
• Built in 1970, The Life at West Cobb apartments feature desirable one-, two-, three-, and four-bedroom garden and townhome floorplans that average 1,139 SF.
• Desirable construction elements include: pitched roofs, double pane windows, vinyl/HardiePlank and brick exteriors, and an extensive amenity package.
• The property underwent a multi-million dollar renovation in 2006 and a recent $2M capital infusion.
• The average in-place rent of $847 is far below nearby comps of similar age and size, which span from $1,300-$1,800 for renovated “elite level” two-bedroom floorplans.
• Cobb County has a high barrier to entry for new construction, rendering the existing housing stock more valuable.
• In highly-rated Cobb County school system, located a quarter of a mile from the new $30M Osborne High School and $14M Cobb Innovation and Technology Academy.
• Situated just off Windy Hill Road (36,800 vehicles per day) close to Austell Road (37,600 vehicles per day).
• Convenient to massive commercial and employment district surrounding Cumberland, Vinings, and Truist Park.

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