Current Investing Opportunity: Avenue 33 Apartments
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Avenue 33 Apartments

284-Unit Value-Add Off-Market B-Class in Atlanta, GA

Access the Full Investor Kit

*Investor Requirements: Income > $200k, (or) combined w/ spouse > $300k, (or) combined net worth > $1M, (or) Accredited investors

Investment Intro. Video with Drone Footage Flyover

Access the Full Investor Kit

*Investor Requirements: Income > $200k, (or) combined w/ spouce > $300k, (or) combined net worth > $1M, (or) Accredited investors

Investment Intro. Video with Drone Footage Flyover

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Preferred Return

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Projected Annual Cash-on-Cash

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Projected IRR

Years Investment Term

Track Record

MULTIFAMILY UNITS

MILLION PORTFOLIO VALUE

APARTMENT COMMUNITIES

STATES

YEARS EXPERIENCE

Why Atlanta, GA

Rapid Job & Population Growth

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14.8% Population growth since 2010
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3.1% Unemployment rate is below the national average
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5% Income growth last year
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25% increase in nonfarm employees over 10 years

Awards & Accolades

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Top state for doing business 8 consecutive years, Area Development 2021
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#1 Best Cities For Startups, Livability
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Top economy in the southeast in 2020, Wallethub
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#4 Best in travel 2022, Lonely Planet, 2021
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#1 Most livable towns and cities in America, Outside, 2021
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Top ten exporting state in 2020, U.S. Census Bureau
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#1 Business Climate for a record-setting 8th year, Site Selection 2020
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9th largest metropolitan area in the U.S. as of 2019, Statista.com

Financial Overview

Conservative Financing

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3-Year Loan Term
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30 Year Amortization
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3 Year Interest Only
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Low leverage: 70% LTV

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Interest Rate < 4.33%

Conservative Underwriting

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Raising an additional $925,891 providing for 6 months in operating expenses
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Conservative assumptions of sale value based on reversion cap rate increase by 10 basis points per year. 
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Underwriting with an eye towards market trends in 2008-11 versus 2015-18.
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Break-even occupancy of 75%

Resilience Where it Counts

Landlord-friendly State

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Georgia is a very pro-landlord state.
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Government is providing significant assistance programs for residents who cannot pay rent.
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In Georgia eviction bans now lifted the regular eviction process’ are now fully enforceable.

Resilient Renter Base

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B Class residents with higher education and income are less impacted.
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Targeting ‘gray collar’ residents, who typically have fewer collection issues and higher paying jobs. 

How We Add Value

Kitchen & Bathrooms

Current

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Bathtub/shower combo
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Wood-style flooring in some units
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Updated cabinetry
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Updated stainless steel appliances

Renovated

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Update some bathtub/shower combos
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Replace some bathtubs with walk-in showers
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Bathroom vanity, vanity cabinet, framed mirror
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Faucets in both
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Kitchen lighting

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Kitchen granite countertops

Exterior Improvements

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Clubhouse renovation
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Selective repaint (about 50% to improve curb appeal)
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Pressure wash
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Minor landscaping improvements

Investor Requirements

The SEC requires that all investors qualify as an accredited investor

Not sure if you're accredited? Click here.
If you meet JUST ONE of the criteria below, then congratulations, you’re accredited and able to invest!

  1. With Income – You must have income that exceeds $200,000 per year (OR) You can elect to combine incomes to $300,000 per year if married.
  2. With Net Worth – Individual (OR) combined net worth > $1M
  3. Other Criteria – The SEC provides other ways an investor can qualify as accredited. Click here for more info.

Access the Full Investor Kit

Don’t miss out on the great opportunity to invest in an excellent value-add multifamily community in a top-performing market. Complete the form below to Access our Investor Kit, complete with the slide deck, webinar replay, and more!

We Are Multifamily Investment Professionals

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Experienced

With a combined 100+ years of experience and $300MM in closed multifamily transactions, we have the subject matter expertise, key relationships, and proven track record to execute profitable deals.

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Conservative

We are opportunistic investors focused on creating long term value. We stress test our deals and use leverage carefully to create sustainable cash flow and limit our risk.

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Diligent

Closing a deal, while challenging, is the easy part. Executing on the business plan is the hard part. It takes perseverance and persistence to achieve what we set out in our underwriting, and our team strives to knock it out of the park every time.

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