Atlanta, GA Multifamily, DST

Atlanta, Georgia

ASSET CLASS:  Class A Light Value-Add Multifamily
OFFERING SIZE:  $53,975,000
LEVERAGE:  56.15%
UNITS:  423
HOLD PERIOD:  7-10 Years

423-unit apartment community completed in 1998; the property is comprised of twelve 2, 3 and 4-story buildings situated on approximately 14.75 acres, offering a diverse mix of 1, 2 and 3-bedroom units. Unit amenities offer a variety of finishes including laminate/granite/quartz countertops, subway tile kitchen backsplash, hardwood flooring, nine-foot ceilings, lowered breakfast bars, replaces, spa-style baths, built-in technology desks and book cases and private patio or balcony areas. Community amenities include a resort-style swimming pool, pool-side aqua lounge & clubhouse with full kitchen and outdoor gathering table, fully equipped club-style fitness center with cardio theater, outdoor barbeque area with built-in bar and grill, a yoga studio, lighted tennis courts with skyline views and a three-level clubhouse with kitchen, game room, club room and sports lounge.

Avana Lenox is a rare low-density Buckhead property with Class A units and amenities and the largest floorplans among its competition. The property lies within the most affluent residential neighborhood of Atlanta, with an average home value of nearly $615,000 and an average income of $149,000 within a 3-mile radius. The Atlanta transportation and distribution infrastructure, economic diversity and current development stream are some of the attributes expected to promote strong in-migration and population growth over the next decade. The Atlanta metro has recorded an annual average rent increase of 4.1% since Q4 2009; REIS projects 3% average annual rent growth over the next 5 years. Avana Lenox is centrally located between four major employment centers – Buckhead, Midtown, Brookhaven Medical Corridor and the Clifton Corridor.

Targeted Yr.-1 Cash-on-Cash: 4.70%
Targeted Cash Range: 4.00% - 5.25%
Targeted Cash Average: 4.77%

Loan Amount: $69,127,000
Term: 10 Years Fixed
Interest Only Period: 5 Years
Amortization Period: 30 Years
Interest Rate: 3.42%
Lender: KeyBank under the Fannie Mae DUS Loan Program
LTV: 56.15%
Non-Recourse: Yes to Investor

DST Due Diligence & Advisory Services

(415) 336-9225

The contents of this communication: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, (ii) offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request, (iii) do not and cannot replace the PPM and is qualified in its entirety by the PPM, and (iv) may not be relied upon in making an investment decision related to any investment offering by the issuing company, or any affiliate, or partner there of the issuer. All potential investors must read the PPM and no person may invest without acknowledging receipt and complete review of the PPM. With respect to the “targeted” goals and performance levels outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. These “targeted” factors are based upon reasonable assumptions more fully outlined in the Offering Documents/ PPM. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to any investment. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption therefrom and from applicable state securities laws. Past performance and statements regarding current occupancy and earnings are no guarantee of future results. All information is subject to change. You should always consult a tax professional prior to investing. Investment offerings and investment decisions may only be made on the basis of a confidential private placement memorandum issued by the issuer, or one of its partner/issuers. The issuer does not warrant the accuracy or completeness of the information contained herein. Some offerings are subject to a “cooling off” period and are not available to all investors. 
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Securities offered through Emerson Equity LLC Member: FINRA/SIPC. Only available in states where Emerson Equity LLC is registered. Emerson Equity LLC, and the issuer are not affiliated.