HIGHLIGHTS

Perfectly Positioned for LIHTC Re-Syndication Through DCA

Substantial Value-Add Opportunities

Located Within a Qualified Opportunity Zone

Historical Occupancy in the High 90's with 17+ Years of Common Ownership

In-Town Location, Inside the Perimeter, 15 Minutes West of Downtown Atlanta

THE ASSET

108

Units

1969 (I); 1973 (II)

Built

2002/2003

Renovated

3.99

Site Acreage

99,498

Rentable SF

Berkadia's Atlanta Investment Sales team is pleased to present the 108-unit Towne West Manor multifamily community, boasting 100% two- and three-bedroom floorplans with townhome availability in 45% of units. Located in the Atlanta MSA, the South Fulton submarket has exhibited strong fundamental trends since 2014 with vacancy currently averaging 5.2%. Towne West Manor's location offers it excellent connectivity to many of Atlanta's major employment and retail hubs, including Fulton Industrial, Buckhead, Midtown, Downtown, Hartsfield-Jackson, Camp Creek Marketplace, and Greenbriar Mall. Additionally, the subject is located within a qualified opportunity zone and just minutes from UPS' recently delivered facility employing more than 2,500.

Built in 1969 (Phase I) and 1973 (Phase II), the subject is positioned to benefit from LIHTC re-syndication through Georgia DCA. In addition to its tax credit potential, Towne West Manor offers multiple opportunities to substantially increase NOI including raising rents to net max allowable and significant water expense reduction. Towne West Manor will be offered well below replacement cost and at an attractive basis relative to recent sales in the area. 

FEATURES & AMENITIES

Townhouse Floor Plans

Full Kitchen

Upgraded Light Fixtures

Energy-Efficient Appliances

Washer & Dryer Connections

Walk-In Closets

Playground

Picnic Area

Laundry Facility

Direct-Line Access to MARTA

THE LOCATION

Investment Advisor

JEREMIAH JARMIN, J.D., CCIM

Director - Affordable Housing

404.654.2609

Jeremiah.Jarmin@berkadia.com

Investment Advisor

Timothy bracken

Director - Affordable Housing

303.689.8336

Timothy.Bracken@berkadia.com

ATLANTA OFFICE

Three Alliance Center, 3550 Lenox Rd NE

Suite 2600

Atlanta, GA 30326

Phone: 404.445.1066 | Fax: 404.445.1065

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx