Investment Highlights

• Bent Creek Colony is 93% occupied and averages $50,000 in collections per month on Trailing 3 NOI. With its strong cash flow, the asset can offer investors 17% returns without further renovation.
• With over $1,200,000 in capital investment since 2010, Bent Creek Colony outshines its competition with new roofs, windows, siding, signage, fencing, and exterior paint. Interior upgrades include new cabinets, flooring, countertops, and two-tone paint scheme (90% of units). Additionally, approximately 50% of A/C condensers and 40% of furnaces have been replaced.
• The asset is just a mile and a half from 488-acre Fort McPherson, shuttered by the Army's BRAC base closure project. The Atlanta City Council recently approved financing that will enable filmmaker Tyler Perry to purchase 330 acres of the base for expansion of his nearby studios.
• MPF Research reports that the South Atlanta submarket (in which subject is located) experienced an annual occupancy growth of 2.6% and revenue growth of 6.0% over the past year. With no new supply currently planned or under construction, occupancy is predicted to increase over the next 12 months, which will continue to fuel rent growth. Properties such as Bent Creek Colony will be well positioned to push rents organically.
• Thanks to the property's recent renovation, Bent Creek Colony' s turnkey condition provides investors the opportunity to acquire the asset and work toward raising rents as the market improves, without a major capital investment.

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