Madison the Knolls

1675 Roswell Road
Marietta GA

Madison the Knolls View1

Property Type

Property Size
312 Units
Available Space
Not available
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DescriptionClick Here To View Mapped Property

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JLL is pleased to present the North Atlanta Value- Add Portfolio (“the Portfolio”), an exceptional opportunity to acquire four high-quality mid- 1980’s assets located along Atlanta’s northern affluent crest, spanning across East Cobb, North Fulton, and Tucker. Originally developed by Trammel Crow, the 1,100 unit Portfolio has been well-maintained with institutional stewardship and only two owners over the last decade, and with current ownership having made capital improvements of over $9.03M in the last few years. The Portfolio features a congruent value-add investment strategy along with geographical diversity among Atlanta’s most robust suburban submarkets. Further, these locations are experiencing significant performance lift through major economic catalysts that have prompted most of the Portfolio’s competing properties to undergo substantial unit renovations and increase rents dramatically. This has now created a unique opportunity for the Portfolio to implement similar unit upgrades and increase rents by $200-$300. The Portfolio has also benefited from these rapidly transforming submarkets with effective rents growing over 40% since 2012. While most competitors in the respective submarkets have adopted high-quality unit interior upgrades, only modest “preservation updates” have been completed to 61% of the Portfolio units, garnering rents $50 to $100 over classic finishes. With nearby competitors now upgrading to more dramatically luxurious interiors which include granite and stainless-level finishes, there is significant rental headroom of $200-$300 for each of the Portfolio assets. The opportunity exists to meet and exceed the market with similar high-end premium interior modernization and amenity enhancement strategy.


Strategy Homogeneity ? Mid-1980’s vintage and Trammel Crow construction ? Gentrifying locations with massive economic catalysts pushed organic growth 40% since 2012 ? Well-proven $100 light “Preservation Updates” performed that can be carried through on 39% of the units ? Opportunity to adopt more luxury upgrades on 100% of the units with market proven $200-$300 premiums ? Attractive investment basis across portfolio Risk Minimization ? 1,100 units offer immediate operating efficiencies and acquisition scale ? Geographic diversification across three major MSA regions ? Four asset revenue stream smooths out volatility and allows for phasing of upgrades while maintaining yield ? $9.03M spent in capex over past 30 months

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David Gutting_Commercial Real Estate Broker
David Gutting

+1 404 995 2283

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Josh Magaro_Commercial Real Estate Broker
Josh Magaro

+1 404 995 6569

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Derrick Bloom_Commercial Real Estate Broker
Derrick Bloom

+1 404 995 2287

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