Stonegate at Eagles Landing - Atlanta, GA

Acquired: December 2016

Located: 700 Rock Quarry Rd, Stockbrige, 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:

Invested Equity:  $4,792,000

Disposition Date:  June 2019

Hold Period:  2+ Years

LP Annualized CoC Return:  15%

LP Return Multiple:  1.39x