City Park Apartments
In Partnership With
City Park, Atlanta, GA
Hard work is paying off, and we are thrilled to expand our footprint in Atlanta. City Park is a beautiful 208 unit B-class asset located in a growth area of Atlanta with solid rent upside from improved management. For example, we'll be bringing back online a beautiful resort pool that's been inoperable for at least 2 years. Even though the property could continue growing rents without any CAPEX, we're playing a little bit of defense in today's economic environment and budgeting $5k/door just in case we need to really stand out from the crowd in a downturn. As you know, protecting capital is key.
So why are we excited about Atlanta? JOBS! Job growth and availability are directly related to multifamily housing. At the state level, Georgia's job numbers have reached an all-time high! Specific to the Atlanta metro, 26,000 jobs were added in the month of June alone, the 2nd highest month on record! Not to mention 29 Fortune 1000 companies call Atlanta home, as does the second busiest airport in the world. In addition, the projected population through 2050 is staggering. Imagine the entire Denver metro area moving to Atlanta in the next 30 years. (Yes, you read that right). Bottom line, we've got long term population growth combined with a healthy and diversified jobs market. This makes for a strong foundation for successful multifamily investing. Let's go Atlanta!
Looking to find out more about this limited opportunity? Click the button to view the entire deal packet. >>
Video introduction
Nothing beats being able to see the property and it's surrounding areas. Here we have put together a nice video showing some of the highlights of the area.
Live Webinar Replay
If you really want to dig into the details but didn't get a chance to see the live webinar, here's the replay.
