Introduces

Marketplace Square Apartments

152 Units on 9.86 Acres in a Fast-Growing Economy

Executive Summary

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Request The Detailed Investor Presentation

(Videos & Slide Deck)

 

Accredited and foreign investors are welcome

Investor slots are very limited!

Prime Location

Embedded in the 1.2 MM SF Camp Creek Marketplace district, the premier retail destination serving the area and the only Target center in a 10-mile radius. Spanning 30 acres, the Camp Creek Marketplace power center sustains an employment base of 2,000 and serves a trade area of 460,000.

Employment

Lowe’s, Target, BJ’s Wholesale Club, American Signature Furniture, L.A. Fitness, Marshalls, Ross Dress For Less, T.J. Maxx, AMC Cinemas, Beauty Master, Staples, PetSmart, and Starbucks are nearby.

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Heavy Upgrades

$2.7MM already invested into the property; 88 Unit Interior Renovations (high end finishes – granite, new trim, cabinets); Opportunity to push rents and finish interior updates to immediately increase revenue. Additional $2million in upgrades from FAA program.

Why Atlanta and Marketplace Square Apartments

MPF’s forecast calls for increases in organic rent growth of +3.3% over the next year. Atlanta’s population is forecasted to grow 9.6% in the next year!

Greater Atlanta’s population is forecast to grow 9.6% over the next five year’s surpassing 6.4 million residents.

Average rent trails the competition by $169. This allows room to bring all units to upgrade level pushing rent to a more competitive level and achieve an average premium of $147 over current in-place rent.

The team will have put in place $1MM in rehab, and once coupled with the FAA grant and the previous owners $2.7MM in rehab the property will have had $5.7MM in upgrades on a $9MM property in 2.5 years, putting us in a very good equity positon moving forward.

Market Overview

The Atlanta’s total population now exceeds 5.9 million people and has grown79%the nation’s 9th-largest MSA and one of the fastest growing.

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Atlanta is expected to add 43,200 jobs in the next twelve months
Top 5 projected job growth metro through 2020
The massive 29-county region is also home to 15 Fortune 500 companies, 66 institutions of higher learning, and the busiest airport in the world

Apartment Market Overview

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Growth in overall submarket effective rent since 2010

Units delivered within 3 miles (1977-2018)

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Current vacancy in South Fulton submarket

Major Employers

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Hartsfield-Jackson International Airport

63,300K Direct Jobs; 450,000 Regional Jobs; $64.2B Economic Impact & Airport Industrial District.

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Sysco Atlanta

900+ jobs

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Campcreek Marketplace

2000 jobs

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And many more detailed in the investor presentation

Nearby Entertainment

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Camp Creek Marketplace

718,590 sf retail property Including major chains like Target, Old Navy, Ross, Party City, Red Lobster, Chick-fil-A, Longhorn Steakhouse.

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Greenbriar Mall

8 million dollar exhibit with many retail outlets. The facility includes dinosaur skeletons and an IMAX theater.

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Adams Park & Recreation Center

15,500 SF center located on a large park. The center provides the community with accessible pools, sport courts, exercise facilities, and nature paths.

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College Park Golf Course

CP is a 9 hole course that is a pleasure for golfers of all skill levels.

Nearby Education

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Marketplace Square is centrally located near University/GA Perimeter College (GSU), Kennesaw State University (KSU), and GA Institute of Technology providing residents very easy access to higher education opportunities.

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Brookview Elementary School, Woodland Middle School and Banneker High School are each within a 10 minute drive of the property.

Tour The Property

Each apartment features contemporary design and modern colors. All apartments have granite counter tops and modern cabinetry in the kitchens. Luxurious bath rooms have high end fixtures.

Modern Kitchen

The modern design and island invites guests in and provides a fun, social environment for tenants to entertain friends and family

Contemporary Design Modern Colors

The contemproary, modern design attracts high quality tenants

Luxurious Bathrooms

The bathrooms ooze luxury from the granite to the full-size bathtub

Granite Counter Tops

Granite brings the outdoors in and adds desirability and value to the units

Picturesque Landscaping

Professional landscaping keeps the complex looking attractive and bright

Well Maintained Exterior

The complex has excellent curb appeal due to meticulous exterior maintenance

Meet The Team

Thomas Reid

Principal
Patona Equity

Chad Hudson

Managing Partner
Savoy Companies

Business Plan

Management

Professional Property Management – currently manage 8,000+ units in SE, with the majority in the ATL MSA; managed several deals in this area over the years and very familiar with this pocket.

Capex

$960,000 in improvements to interiors and bringing units back online, addition of various amenities, as well as a parking lot, roofs, and office updates.

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Property Improvements

New signage, updated landscaping, solar screens, fenced in first floor patios, & playground upgrade.

Increase NOI, Reduce Expenses

Update & bring online strategic units for immediate revenue boost, move rents to market and reduce expenses.

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Average Annual Cashflow

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Disclaimer

The information contained in this overview and initial plan is considered confidential and is solely for the use of prospective investors to determine the level of interest in the Marketplace Square Apartment complex located in Atlanta, GA. While the information contained in this overview, plan and model has been compiled from various sources, we believe it to be reliable based on the data used and neither Ben Suttles, Feras Moussa, Mark Kenney, Tom Reid, Philippe Schulligen or its representatives make any representation or warranties as to the accuracy or completeness herein. All financial information and projections are provided for reference only and are based on assumptions relating to the general economy, market conditions, and other factors beyond our control. All prospective investors are encouraged to conduct their own independent due diligence investigation, review, financial projections, and consult with their legal, tax, and other professional advisors before making an investment decision. This opportunity is offered under a 506c offering and is only intended for accredited investors.

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