The Boulevard property offers the highest living standards for student housing that Milledgeville has to offer. Each cottage includes 9-foot ceilings, LVP flooring, granite countertops, stainless steel appliances, pendant light fixtures, a deluxe furniture package and the biggest porches and balconies in the market. GCSU and GMC combine for over 14,000 undergraduate and graduate students enrolled. GSCU has a very affluent student base, predominantly from the Atlanta suburbs and is the number one back up school for students that do not get into the University of Georgia. The Milledgeville student housing market has an extremely high barrier to entry with virtually no multifamily zoned property remaining. The planning department and city council stated that they will not rezone any property for student housing. We are extremely excited about our opportunity to own and operate the best asset in this market.
Archives: Properties
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Rosemont Clear Creek Apts
Rosemont Clear Creek, a large, low density community located in the affluent Friendswood/Pearland suburb of Houston. Household income within 3-miles of the Property is over $109k with some nearby homes listed for sale at values up $1.6M. New ownership will have the potential to realize rent premiums of $182-$455 per month with a value-add program that upgrades units to be more in-line with nearby properties such as Edge at Clear Lake. This represents a low-risk upside opportunity in a high market demand area for such properties.
Situated midway between Houston and Galveston, Webster is small in size but vibrant in spirit. With more than 2,200 businesses spread across its 6.7 square miles, Webster packs a punch. Spread throughout the suburb are a host of restaurants, shops, and entertainment venues.
Webster is adjacent to the famous NASA Johnson Space Center, affording easy access to extensive space exhibits and attractions. Webster is also convenient to a bevy of shopping opportunities at Baybrook Mall and its many surrounding plazas. Texas Avenue Park, Walter Hall Park, Challenger Seven Memorial Park, and Clear Lake Park all provide ample space for outdoor recreation in close proximity as well. Convenience to I-45 makes getting around from Webster simple.
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Aura Galleria
Aura Galleria is centrally located within the Galleria area, two blocks off of the Southwest freeway, Houston’s principal center-city highway artery. Yet it is tucked away on a residential block, just around the corner from popular and upscale nightlife and entertainment options. Aura Galleria is situated within an area with high quality, good paying employers, including Enbridge, BHP Billion, Landry’s INC., BBVA Compass, Apache Corp. All told, there are 20,000 businesses and over 179,000 jobs within 3 miles.
Aura Galleria boast an attractive unit mix, allowing residents to grow with us as their needs change – from one-bedroom apartments through spacious townhomes and three-bedroom apartments for families. Aura will be managed by Peacock Investments, LLC the management affiliate of Peacock Investments Group, which manages thousands of units in the Houston Metro.
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Arlington West and Pecan Grove
Arlington West and Pecan Grove Apartments (Arlington West), a 168-unit contiguous apartment portfolio located in Greenville, NC. The property was built in 1986 (Pecan Grove) and 1996(Arlington West) is spread across 8.14 acres of land.
This property is a new multifamily investment opportunity executing value-add renovations in Greenville. North Carolinas continued population growth and Greenville’s strong economy (3.4 % unemployment) prove an excellent macro-economic environment.
Located 85 miles east of Raleigh and 41 miles east of Interstate 95, Greenville is the economic center of eastern North Carolina. It has a diverse economy that includes education, health care, and government institutions, as well as large employers in the biotech / pharmaceutical, tobacco, and aquatic industries. A new 12.4-mile highway project southwest of Greenville connects US 264 (soon to be Interstate 587) at Stantonsburg Road to US 11 south of Ayden, NC, adding to the region’s connectivity.
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Skylar Pointe Apartments
Skylar Pointe Apartments has 449-unit, value-add opportunity under contract in the Clear Lake Area in the southeastern suburbs of Houston. The asset is in fair condition in an A area and is overdue for upgrades and improvement. Current rental rates are 18% below those of all neighboring competitors.
Property Class: Exterior condition is presently a B with C+ to B- Interiors. Once upgraded, stabilized and well-managed it should be a B+ in an A area. Similar properties in the area are already selling for more than we are paying.
Exterior Shell: Pitched shingle roofs – approximately 85% will need to be replaced over the next 5 years, about 15% are relatively new. Siding is in good condition with recent wood and paint work.
Property Grounds: Landscaping suffered less than most during the recent historic freeze. Extensive concrete work was completed recently. Some fencing around sides and back has been replaced with new iron. More fencing is scheduled for replacement.
Location: Centrally located in the Clear Lake area and readily accessible, but on a quiet street. Walk Score® is a relatively high 69. Visibility from the nearby highway is fair and will be enhanced with flags and signage.
Interior Condition: 27 Units have been nominally upgraded and have garnered $100 plus rent bumps. All units have been retrofitted with washer and dryer connections. Adding vent fans in the bathrooms will improve moisture management.
Branding: Signage, paint colors and office decor have been professionally designed and coordinated to present a unified and pleasing image.
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Nexus at Sandhill Apartments
Nexus at Sandhill is a mid-rise resort-style apartment community consisting of 240 units located in Columbia S.C. (Columbia MSA). Built in 2016, the property is situated on 24 acres encompassing a net rentable area of 227,232 square feet. The property contains six four-story buildings consisting of wood frame construction, vinyl siding exteriors, and pitched roofs of composition shingles; it has 325 surface parking spaces.
Surrounded by an array of employers and entertainment hot spots, Nexus at Sandhill is ideally located in the beautiful city of Columbia, South Carolina. Near Northeast Columbia, Nexus nestled between I-20 and Route 1 in Pontiac. Enjoy convenient access to the area’s best employers, including Amazon, Prisma Health, BlueCross BlueShield, and the University of South Carolina.
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Timberstone Apartments
Timberstone Apartments Commons redefines your living experience by providing you with the highest quality living situation in Charlotte, North Carolina. Our townhomes are built with your convenience in mind. From our prime, convenient location, to our impressive slate of features and amenities, each detail blends into the ultimate apartment living experience.
Timberstone Apartments is situated near South Tryon Street with easy access into metropolitan Charlotte via I-77, commuting will be easy and hassle free, and for those who love to travel, Charlotte Douglas Airport is only a short drive away. Timberstone Commons is also located within walking distance of Whitehall Commons, a shopping center with restaurants, fast casual dining, and retail stores like Walmart, Publix, and Lowes. Drive a bit further, and you can find Charlotte Premium Outlets, as well as North Carolina’s first TopGolf location.
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Park at Boulder Creek
Park at Boulder Creek is a garden-style apartment community consisting at 272 units located in Columbia, S.C. (Columbia MSA). Built in 1990, the property is situated on 22 acres encompassing a net rentable area of 235,256 square feet. The property contains 17 two-story buildings consisting of wood frame construction, vinyl siding exteriors, and pitched roof of composition shingles; it has 519 surface parking spaces.
Park at Boulder Creek is ideally located in close proximity to top employers of both Richland and Lexington Counties.
Located just three (3) miles southeast, Downtown Columbia is a major employment hub with 80,000 government jobs (federal, state and local) and 9,000 jobs at the University of South Carolina. Other nearby Richland County employers include Palmetto Health (9,400 jobs), Verizon Wireless (1,350 jobs), and Colonial Life Insurance (1,100jobs).
Park at Boulder Creek is also situated in close proximity to the major economic catalysts of Lexington County, where major job expansion is continuously taking place. Some of the nearby Lexington County employers include: Lexington medical center (4,376 jobs), Michelin (2,040 jobs), and Amazon (2,000 jobs).
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Lullwater at Saluda Pointe
Lullwater at Saluda Pointe is a garden-style apartment community consisting of 280 units located in Lexington S.C. (Columbia MSA). Built in 2009, the property is situated on 24 acres encompassing a net rentable area of 314,278 square feet. The property contains 11 three story buildings consisting of wood frame construction, vinyl siding exteriors, and pitched roofs of composition shingles; it has 325 surface parking spaces.
Prominent Growth With job growth outpacing the state and the nation, Columbia ranks as one of the Carolina’s highest metros for employment growth.
Transportation Columbia ranks nationally among the top five cities for its high number of intersecting interstate highways.
State Growth Total employment growth of 12% since 2011 is expected through 2019.
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Hidden Village Apartments
Hidden Village, built in 1986, is an 84-unit, 3-story apartment complex located in Mesa, Arizona. The unit mix consists of 24 one-bedroom units at 680 square feet, and 60-tow-bedroom units at 850 square feet. The average unit size is 801 square feet. The property is located on West Main Street along the Metro Light Rail Lina, with a nearby station.
Hidden Village is located along the light rail which is now extended over six miles into east Mesa with plans for future expansion. The $200 Million expansion of the Metro Light Rail was completed in 2015 and is used by thousands of additional commuters on a daily basis. The closest light rail stop is two blocks from the property and provides convenient transportation option for residents. Three of Arizona’s major freeways, the Loop 101, Loop 202, and US 60 are within about two miles of the property providing excellent access to locations across the Phoenix Metropolitan Area. The property’s outstanding location offers residents access to the Phoenix Metro Bus system and connections to the Metro Light Rail currently providing access from Mesa to Arizona State University and the Mill Avenue District in Tempe, to Phoenix Sky Harbor International Airport, and to northwest and downtown Phoenix.