Overview
Avery Townhomes
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INVESTMENT FEATURES
12
.
13
.
24
Acquisition Date
$
26
.
7
M
Transaction Size
17
.
79
%
Realized Gross IRR
1
.
53
x
Realized Gross Equity Multiple

Avery Townhomes

College Park, GA

Fund:

Fund III

Type:

Multifamily

Size:

296,200 SF
220 Units

Key TenantS:

Address:

2609 Charlestown Drive
College Park, GA

Transaction Details

Property Description

Avery Townhomes is a 220 unit multifamily complex in the fast growing submarket of College Park (Atlanta), GA. The asset was placed under contract at the heigh of the COVID 19 pandemic, at what we believe to be inefficient pricing. The objective of this investment is to bring units up to reasonable market rents, while also performing renovations. The asset is comprised entirely of townhome style apartments, which are in high demand due to their privacy and large floor plans. Currently, this asset boasts some of the largest floor plans in the entire submarket.

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