Location: 100 Wild Circle, Clarkston, GA 30021
Year Built: 1988
Acquisition Date: 12/10/2021
Wildcreek is located in Dekalb County, 18 miles west of Downtown Atlanta. Per the U.S. Census, Atlanta MSA is the nation’s ninth largest metro with a population of 5.6 million. Significant organic rental upside upon acquisition, as current ownership has not charged unit premiums regardless of scope of interior enhancements. OREI anticipates $108/unit of organic, mark- to-market rent growth.
Value-add opportunity remains to various extents in all 242 units. Upon interior renovation, OREI anticipates a $250/unit average rent premium, in-line with similarly renovated product within the submarket.