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CURRENT INVESTMENT OPPORTUNITIES
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THE MILL DISTRICT

The Mill District is an 87-unit, 108-bed, multifamily mixed-use asset located in Athens, GA, home of the University of Georgia.

 

This stabilized property boasts upscale residences with vibrant commercial space at 100% residential occupancy and 100% preleased with 11% rent growth for ’23-’24. This brand new community is nestled adjacent to the Boulevard Historic District, less than half a mile from downtown Athens, GA.

 

Strong market fundamentals with comparables well above The Mill’s average will drive sizable rent growth as well as other value add opportunities in the years to come.

CLASS A

108 Beds

PROPERTY OVERVIEW
  • Athens, GA

  • Submarket University of Georgia

  • Bed Count - 108 Beds / 87 Unit

  • Class A

  • Vintage - 2022

  • Type - Multifamily / Student Housing / Commercial / Retail

  • Purchase Price - $21.1m

  • Occupancy - 100%

RETURN METRICS
  • IRR - 18%

  • Cash on Cash - 8%

  • Equity Multiple - 2.05x

  • Hold Period 5 years

 

 

 

 

*Based on 5 year projection.

HIGHLIGHTS
  • Stabilized Cash Flow

  • Forced Sale Asset

  • Strong Market Fundamentals

  • Rent Comparables $300-400 Above The Mill's Average.

  • 100% Residential Occupancy

  • 100% Preleased Commercial Space

  • 11% Rent Growth '23/24

THIS IS A 506C OFFERING FOR ACCREDITED INVESTORS ONLY.
INVEST WITH US

To learn more about investing with us, please schedule a call or fill out our Investor Questionnaire to learn more about upcoming investment opportunities. 

We look forward to taking the investing journey with you.

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