ELITE CROSSING

The Atlanta MSA has a population of over 6.1 million. This number has grown by 10% in the last five years and 15% in the last ten years. Significant organic rental upside upon acquisition, as current ownership is charging rents considerably below comparables. OREI anticipates $149/unit of organic, mark-to-market rent growth.

Upon interior renovation, OREI anticipates a $123/unit average rent premium, in-line with similarly renovated product within the submarket.