Location: 934 Garden Walk Blvd, Atlanta, GA 30349
Year Built: 1986
Acquisition Date: 12/15/2022
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 $136/unit of organic, mark-to-market rent growth.
Upon interior renovation, OREI anticipates a $149/unit average rent premium, in-line with similarly renovated product within the submarket.