One of Atlanta's fastest growing sub markets
WAIT LIST for current offering/ Priority List for upcoming offering
Crossings at Eagle's Landing (Class A Premier Apartment Community) is nearly Fully Committed
We will contact you ASAP based on availability
I'm very excited to announce that GenerationalwealthMD is partnering with Viking Capital to acquire a Class A 167 unit Premier Apartment Community in one of the fastest growing sub markets of Atlanta!
Crossings at Eagle's Landing
Guaranteed to close in 2022
(Nearly Fully Committed at this time - Please submit the Soft Commit WAITLIST form and we will contact you ASAP based on availability)
This high quality asset located in the heart of Atlanta’s most dynamic corridor is in the path of progress, has tremendous value-add potential with over half of the units primed for upgrades.
With the high inflationary environment we are in right now, CASH IS NOT KING!
So if you are looking for a strategic investment in an asset that grows with inflation, in a HOT sub market with Robust Industrial Development, Stellar In-Place Performance and organic rent growth WITH Superior Value add Opportunity (hint, hint - Strong returns for Investors) -
AND you are looking for one LAST OPPORTUNITY to invest with us in 2022 and take advantage of 100% BONUS DEPRECIATION before it starts phasing out in 2023, then get on the WAITLIST for this opportunity.
MARKET HIGHLIGHTS
- The property is prominently situated in the heart of desirable Henry County just outside Atlanta, enjoying abundant retail activity, healthcare services, and is an ever-growing industry hot-bed due to ideal proximity to Hartsfield Jackson International Airport (30 min. drive to the world's busiest airport) and convenient access to interstate highways, national train systems, and global ports.
- Recent strategic investments into the submarket has come from numerous blue-chip companies like The Home Depot, Procter & Gamble, and Ryder Logistics.
- Piedmont Henry Hospital, a 215-bed facility located in Eagle’s Landing, is a major demand driver and one of the largest employers in the area.
INVESTMENT HIGHLIGHTS
This project is a 506(c) offering open to Accredited Investors Only.
- Attractive low density Class A, Well-Constructed, Highly Amenitized Property with Stellar In-Place Performance & Superior Value-Add Opportunity
- Newer 2006 vintage, Larger floor plans, 9' ceilings, well maintained asset acquired from institutional quality seller with little deferred maintenance
- Conservative underwriting with 3-4% rent growth assumption (18% YoY rent growth)
- Considerable organic rent growth in the market with in place rents 10% below market
- Asset is being acquired at a 20% discount per unit compared to recent comparable sales.
- Conservative debt structure with 68% loan-to-value with 10 yr agency debt at 5.3% with a tight rate cap (sub 5.5%) 6 years Interest only
- Last year of 100% bonus depreciation in 2022 - depreciation write-offs projected at 80% of initial investment amount
Class A shares are fully subscribed and no longer available.
Based on our conservative underwriting, over a 5 year hold, investor returns are expected to be:
Class B Limited Partners: Equity and Cashflow
- Minimum Investment: $50,000 total
- Preferred Return: 7%
- Equity Multiplier: +1.6x-1.8x
- Internal Rate of Return (IRR): +12-16%
- Average Annualized Return (AAR): +15-19%
- Average Cash Flow from Operations: +6%
- Profit Split Upon Sale: 70/30
Class C Limited Partners: Large Investment - Equity and Cashflow
- Minimum Investment: $1,000,000 total
- Preferred Return: 8%
- Equity Multiplier: 1.8x-2.10x
- Internal Rate of Return (IRR): +13-17%
- Average Annualized Return (AAR): +16-20%
- Average Cash Flow from Operations: +5.5%
- Profit Split Upon Sale: 80/20
DISTRIBUTION SPECIFICS:
In the event that cash on hand is generated from sale or refinance, this is the order of distribution:
- payment of all loans, unpaid Cumulative preferred returns to investors, return of all Capital Contribution (initial investment) to investors
- Only then will sponsor catch up be paid out (sponsor share of cash flow) This ensures higher investor cash flow upfront as opposed to having a true split of cash flow to sponsor
- Profit upon Sale is then split 70/30 for Class B and 80/20 for Class A till 13% IRR is reached after which additional profits are split 50/50
BUSINESS PLAN
- Familiar Value Add Strategies: We plan to employ tried-and-true value-add strategies on site, including renovating all classic and partially renovated units to the elite standard - all strategies the lead sponsor has executed with success at other assets. The market has proven a demand for higher quality interiors, comps indicate market surety of these rates and the previous owner has proven this earning $270-$400 in premiums for renovated units.
- Opportunity to Quickly Grow Rents: Current rents are 10% below market. This coupled with strong organic rent growth in this sub market further solidifies the plan.
- Efficient operations: leveraging our best in class third-party management team.
ATLANTA MSA offering Soft Commit Form
Wait list for current deal/ Priority List for upcoming deal
Crossings at Eagle's Landing is nearly Fully Committed
We will contact you ASAP based on availability
* This is a Rule 506(c) offering for Accredited Investors Only
Timeline
Crossings at Eagle's Landing
- Investor PPM currently ready for review - Class A is closed. Class B is nearly fully committed. We will contact you ASAP based on availability
- Deadline for funding: November 30, Funding by November 18 Guarantees your spot
- Expected Close: Mid December
Upcoming Opportunity in the Atlanta MSA
- Investor Soft Commit: Open
- Expected Close: Late December to Early January
With the current momentum in Southern Atlanta, we couldn’t be more excited about presenting these opportunities to you. As availability is limited we expect this to fill deal up very quickly. Commitments will be taken on a first-come, first-served basis - so make sure to get your soft commitments in ASAP.
*DEFINITION OF ACCREDITED INVESTOR
You qualify as an Accredited Investor if you meet any of the following criteria:
a) You earn over $200,000 in annual income,
b) You, together with your spouse earn over $300,000 in joint annual income,
c) You have a net worth, exceeding $1,000,000 (excluding the value of my primary residence), individually or together with my spouse.
GOT QUESTIONS?
If you have any questions please feel free to message us at [email protected] or if would like to talk to us about how this asset would fit into your portfolio and goals, feel free to reach out to schedule a call:
Book a Call with Param
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The material on this website is for the general information of our clients and visitors. This website does not constitute an offer to sell or a solicitation of an offer to buy or sell any security or investment product, and may not be relied upon in connection with any offer or sale of securities. Nothing on this website is a recommendation that you purchase, sell or hold any security, or that you pursue any investment style or strategy. Nothing on this website is intended to be, and you should not consider anything on the website to be, investment, accounting, tax or legal advice.
