atlanta build home sfr portfolio -...

SVN | RealStar Advisors | 10789 N. 90th St., Suite 203, Scottsdale, AZ 85260 OFFERING MEMORANDUM

ATLANTA BUILDFOR RENT 47HOME SFRPORTFOLIO5224 HANOVER STATLANTA, GA 30349

Michael FinchSenior Vice [email protected]

Je7 ClineSenior Vice [email protected]

Carnell Scruggs, CCIMManaging [email protected] License #75895

OFFERING MEMORANDUMSVN | RealStar Advisors | 10789 N. 90th St., Suite 203, Scottsdale, AZ 85260

PROPERTY INFORMATION 3Executive SummaryComplete HighlightsAdditional Photos

LOCATION INFORMATION 7Property DescriptionRegional MapLocation MapsAerial MapModel RenderingElevationsFloor Plan

FINANCIAL ANALYSIS 15Investment Overview

DEMOGRAPHICS 17Demographics ReportDemographics Map

ADVISOR BIOS 20Advisor Bio & Contact 1Advisor Bio & Contact 2Disclaimer

Atlanta Build For Rent47 Home SFR Portfolio

ATLANTA BUILD FOR RENT 47 HOME SFR PORTFOLIOFOR SALE | ATLANTA BUILD FOR RENT 47 HOME SFR PORTFOLIO

All SVN® OCces Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1 PROPERTY INFORMATION11 PROPERTY

INFORMATIONAtlanta Build For Rent

47 Home SFR Portfolio

ATLANTA BUILD FOR RENT 47 HOME SFR PORTFOLIO | 5224 HANOVER ST ATLANTA, GA 30349 SVN | RealStar Advisors |

OFFERING SUMMAROFFERING SUMMARYY

Sale Price: $7,500,000 USD

Number Of Units: 47

Cap Rate: 6.73%

NOI: $504,513

Lot Size: 0.08 Acres

Year Built: 2018

Building Size: 74,354

Zoning: Residential

Market: Atlanta

Submarket: College Park

Price / SF: $100.87 USD

These 47 Build For Rent Single Family Residential homes are located in the College Park submarket in greater Atlanta, GA.

This Build For Rent (BFR) investment opportunity consisting of 47 Build For Rent (BFR) Detached Single Family Residential

Rental investment properties are soon to begin construction. The rental subdivision is located in College Park GA., a

submarket in the greater Atlanta metro area and only 10 minutes from downtown Atlanta. These quality new build homes

for rental investment features an opportunity for Buyer to purchase homes at CertiRcate of Occupancy and place tenants

prior to completion so the investment is immediately cash Sowing. Stabilized Year I Cap Rate is estimated at 6.73% has

conservatively been modeled given market rents in the area.

This 47 Build For Rent (BFR) portfolio oQers almost no capital expenditures for several years aUer occupancy. The

Developer/Builder here is a seasoned Builder, with vast experience in the regional market place and is well known for

quality & integrity. Our 47 BFRs oQer spacious Soor plans throughout, all two story 3 bed and 2 bath units with two car

garages. Rental rates today are projecting rents between $1199-$1350 per month for these beautiful homes. In place HOA

with quarterly fees of $105 per quarter. Pre-Leasing can begin once homes are under construction and when builder

reaches certiRcate of occupancy on Rrst block of homes, buyer can close escrow and move tenants in asap creating an

immediate cash Sow and return on your investment from day one!

PROPERPROPERTTY OY OVERVERVIEWVIEW

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

• Increase Your IRR and Yield with a New Build SFR Investment Portfolio With Little/No Capital Expenditures

• Excellent Year 1 Stabilized Cap Rate of 7.19% with Zero Cap Ex

• Fast Growing City Only 10 minutes from Downtown Atlanta

• 47 Build For Rent (BFR) Detached Single Family Residential Rental Investment Portfolio

• All Homes are 3BD/2BA Homes at 1582/SF with Quality Finishes Throughout

• Immediate Access to Arterial Streets, Freeways, and World’s Busiest Airport

• Experienced Regional Builder Provides Homes at CertiRcate of Occupancy (C.O.)

• Builders Warranty on Brand New Homes with Greatly Reduced Capital Expenditures & Reserves Additional HomeWarranty Package on Big Ticket Items Giving Nearly 5 Years of Limited CapEX

ATLANTA BUILD FOR RENT 47 HOME SFR PORTFOLIO | 5224 HANOVER ST, ATLANTA, GA 30349 SVN | RealStar Advisors |

Executive Summary

SSALE HIGHLIGHTSALE HIGHLIGHTS

• Increase Your IRR and Yield with a New Build SFR Investment

Portfolio With Little/No Capital Expenditures

• Excellent Year 1 Stabilized Cap Rate of 6.73% with Zero Cap Ex

• Fast Growing City Only 10 minutes from Downtown Atlanta

• 47 Build For Rent (BFR) Detached Single Family Residential

Rental Investment Portfolio

• All Homes are 3BD/2BA Homes at 1582/SF with Quality Finishes

Throughout

• Immediate Access to Arterial Streets, Freeways, and World’s

Busiest Airport

• Experienced Regional Builder Provides Homes at CertiRcate of

Occupancy (C.O.)

• Builders Warranty on Brand New Homes with Greatly Reduced

Capital Expenditures & Reserves Additional Home Warranty

Package on Big Ticket Items Giving Nearly 5 Years of Limited

CapEX


Complete Highlights


Additional Photos




2 LOCATION INFORMATION22 LOCATION

INFORMATIONAtlanta Build For Rent




College Park is just south of Atlanta proper and is one of the fastest growing

areas in the country and home to Georgia's second largest convention center,

more than 8,000 hotel rooms, an eclectic mix of great restaurants, and is just

minutes from downtown Atlanta. College Park is Atlanta's global gateway to the

world, only ten minutes from downtown Atlanta and home to the world's

busiest airport, HartsReld-Jackson Atlanta International Airport, and the

spectacular new international terminal. College Park has many quaint local

restaurants and is full of southern charm. The city is also home to Georgia's 4th

largest historic district, with many fun & educational tourist attractions.

LLOCOCAATION OTION OVERVERVIEWVIEW

Location Description

Atlanta Build For Rent 47Home SFR Portfolio


Regional Map

Location Maps


Atlanta Build For Rent 47Home SFR Portfolio


Aerial Map


Model Rendering


Elevations


Floor Plan




3 FINANCIAL ANALYSIS33 FINANCIAL

ANALYSISAtlanta Build For Rent



SFRhubBFRBROCHUREINVESTMENTOVERVIEW47BFRCollegePark OperatingYear: Year2 Year5 Year7

INVESTMENTOVERVIEW: StabilizedYear: Year1;T-12 Year3;T-36 Year5;T-60a)BuyPrice $7,500,000

b)BuyPricePerUnit $159,574

c)CapRate–StabilizedYear1/3/5 6.73% 7.44% 7.95%

d)CapRateAdjustedwithCostSegregation–Year1/3/5 8.61% 9.32% 7.95%

e)GrossYield–Year1/3/5 9.49% 10.37% 11.01%

f)NetOperatingIncome,Year1/3/5(N.O.I.) $504,513 $557,835 $596,321

g)UnleveragedInternalRateofReturn(I.R.R.)Year1/3/5YearHold 9.23% 11.61% 12.48%

h)LeveragedInternalRateofReturn(I.R.R.)Year1/3/5YearHold 30.76% 38.70% 41.61%

i)LeveragedCashonCashReturn(ROI)Year1/3/5YearHold 14.50% 16.87% 12.32%

OPERATINGPROFORMAj)GrossScheduledIncome,Year1/3/5 $712,014 $778,037 $825,419

k)OtherIncome(App.Fees,PetFees,LateFees) $0 $0 $0

l)AverageLeaseRate,(P.S.F.)Year1/3/5 $0.80 $0.87 $0.93

m)Vacancy 0.0% 0.0% 0.0%

n)OperatingExpenses,Year1/3/5 $207,501 $220,202 $229,098

o)NetOperatingIncome,(N.O.I.)Year1/3/5 $504,513 $557,835 $596,321

p)AdvancedCostSegregationBenefit,AdditionalAnnualCashFlow $141,000 $141,000 $0

q)AdjustedNetOperatingIncomewithCostSegregationBenefit $645,513 $698,835 $596,321

DEBTOVERVIEWr)DebtAmountat70%LTC $5,250,000

s)AnnualDebtServicePayment(P&I) $319,212

t)EstimatedAnnualMarketValuationAppreciation(National)-Year1/3/5 5.40% 5.40% 5.40%


Investment Overview




4 DEMOGRAPHICS44

DEMOGRAPHICSAtlanta Build For Rent



1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 6,727 50,157 146,146

Median age 30.1 32.0 32.1

Median age (male) 27.1 30.8 30.7

Median age (female) 31.0 33.0 33.2

Total households 2,768 19,865 54,561

Total persons per HH 2.4 2.5 2.7

Average HH income $42,797 $48,338 $49,649

Average house value $142,468 $162,706 $170,732

* Demographic data derived from 2010 US Census


Demographics Report

POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 6,727 50,157 146,146

Median age 30.1 32.0 32.1

Median age (male) 27.1 30.8 30.7

Median age (Female) 31.0 33.0 33.2

HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total households 2,768 19,865 54,561

# of persons per HH 2.4 2.5 2.7

Average HH income $42,797 $48,338 $49,649

Average house value $142,468 $162,706 $170,732

* Demographic data derived from 2010 US Census

Demographics Map





5 ADVISOR BIOS 55 ADVISOR BIOSAtlanta Build For Rent



10789 N. 90th St., Suite 203Scottsdale, AZ 85260T 480.626.0219C [email protected] #SA576104000

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Michael Finch began his successful career over 10 years ago in Phoenix, Arizona. Mr. Finch was able to expand hisexpertise from commercial and sales and development. He has developed broad local and national relationships withthe top ranked high density mid to large scale developers for Commercial Mixed Use & Multifamily Development.

As markets shiDed, Mr. Finch leveraged lender relationships formed in previous years, to plan and begin distressed realestate disposition. Michael was able to develop and grow these relationships to become an integral part of theacquisition and disposition team. Michael has developed and managed an extensive pipe line of lender owned assets,short sales, and portfolio note sales. Michael has continued to deliver value add deals for existing multifamily assets aswell as several income producing segments to his growing client base.

With an extensive national network, Mr. Finch has been successful and enjoys being an integral partner for client teamsfocused on large scale income producing portfolios which include existing multifamily, retail, oCce, medical & hospitalityassets.

MICHAEL FINCHMICHAEL FINCH

Senior Vice President


Advisor Bio

10789 N. 90th St., Suite 203Scottsdale, AZ 85260T 480.626.0210C [email protected] #SA650889000

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Mr. Cline has worked with top industry professionals and has personal advanced knowledge and experience in small tovery large-scale commercial real estate brokerage, asset management, acquisition, Bnancing, development andconstruction segments. As a principal, Mr. Cline has completed approximately $2+ billion of commercial real estateproperty development and construction in most segments including approximately 22,000 multifamily units.

Mr. Cline’s speciBc experience includes commercial real estate leadership in general management, team building andmanaging, corporate and construction Bnancing, business development, asset management, property management,development management, marketing, disposition of new construction projects including multi-family, hotel, oCce,industrial and senior assisted living properties.

JeA’s top executive and mid-management level combined with front-line experience across most segments ofcommercial real estate in retail / management operations, design and general contracting, development, Bnancing,property management and real estate brokerage.

Over 38+ years, JeA has established an expanding local and national network of industry leaders as partners, clients andassociates.

JEFF CLINEJEFF CLINE

Senior Vice President


Advisor Bio


The material contained in this OQering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this OQering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this OQering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOQering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this OQering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any Rnal, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their oTcers, employees, representatives, independent contractors or aTliates, for the accuracy or completeness thereof. Recipients of this OQeringBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This OQering Brochure is a solicitation of interest only and is not an oQer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OQeringBrochure or making an oQer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an oQer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.

Disclaimer

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