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WILDCREEK

Location: 100 Wild Circle, Clarkston, GA 30021

Year Built:  1988

Class:  B

Units:  242

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.