A little about the deal: City Park is a beautiful 208-unit B-class asset located in a growth area of Atlanta with solid rent upside from improved management. As an 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. 

Recession-resistant, long-term asset? ✔️ 

Tax advantages for 2022? ✔️

Monthly distributions? ✔️

Building additional units? ✔️

Interest rate cap? ✔️

Already achieving $200-$400 rent bumps? ✔️

This makes for a strong foundation for successful multifamily investing. And we are buying at 15-20% off recent market pricing with a B-class asset at $166k/door!  Let's go Atlanta! Would love to see you on Wednesday