Vital at Springbrook - Alcoa, TN
Address: 1607 Centennial Park Blvd, Alcoa, TN 37701
Vital at Springbrook is a 300-unit Class A multifamily apartment complex. Located in a large mixed-use community connected to the Knoxville, TN airport, Vital at Springbrook provides luxury apartments to the underserved Knoxville MSA with high end, resort-style living. The community features studios, 1- and 2-bedroom units, with an emphasis on efficient space and outdoor amenities.
Vital at Springbrook includes custom interior finishes that provide a modern and farm-like feel. Wood frame construction was used along with fiber cement siding and brick, and a gable roof system with composition shingle roofs.
300 Units
Smart Technology
Expansive 8,700 Square Foot Clubhouse
Resort-Style Pool and Oversized Fitness Facility
High-End Courtyard and Fire Pit Area
High-End Apartment Finishes Including Quartz, Stainless Steel Appliances
Built-In Stay-at-Home Office
Mudroom
Rooftop Decks with View of Great Smoky Mountains
Harrison House Condominiums- Historic Hill, Newport, RI
Address: 50 School St, Newport, RI, 02840
The Harrison House Condominiums are luxurious and spacious residences located in the heart of downtown Newport, Rhode Island. The state-of-the-art renovation of this historic gem offers lower-level private garage parking, elevator, and common rooftop deck with fabulous views of Newport Harbor from the heart of Historic Hill. Starting at $1,295,000.
Stonegate at Eagles Landing - Atlanta, GA
Address: 700 Rock Quarry Rd, Stockbridge, GA 30281
Situated in the south metro Atlanta sub-market of Henry County, Stonegate at Eagle's Landing is a highly desired apartment complex featuring 167 one, two, and three-bedroom units and offers amenities including garden tubs, over-sized walk-in closets, attached garages, sunrooms, and security alarm systems. Located two miles away from I-75, residents are connected to downtown Atlanta, Hartsfield-Jackson Airport, Southern Regional Medical Center and Piedmont Henry Hospital. Other popular destinations in the area include Henry Marketplace, South Point, Stockbridge Marketplace, and Tanger Factory Outlets, all of which house a number of top retail stores including Marshall's, Bed Bath & Beyond, Academy Sports, and Pier 1 Imports.
Disposition Details:
Acquisition Date: December 2016
Invested Equity: $4,792,000
Disposition Date: June 2019
Hold Period: 2+ Years
LP Annualized CoC Return: 15%
LP Return Multiple: 1.39x
Mandalay Villas - Atlanta, GA
Address: 1395 Towne Center Village Dr, McDonough, GA 30253
Constructed in 2008, Mandalay Villas is home to 300 contemporary units boasting nine-floor plans ranging in size from 675 - 1,325 square feet. All residences feature private entrances, double-crown molding, open breakfast bars, full-size washer and dryers, 9-foot ceilings, and walk-in closets. Community amenities include resort-style swimming pools and lounge areas, playgrounds, fitness center, business center and a gaming room. Ideally positioned 16 miles south of Atlanta and only 10 miles south of Hartsfield-Jackson Airport, Mandalay Villas offers residents access to top-rated public schools and reasonable cost of living.
Disposition Details:
Acquisition Date: October 2016
Invested Equity: $5,475,000
Disposition Date: June 2019
Hold Period: 2+ Years
LP Annualized CoC Return: 19%
LP Return Multiple: 1.53x