Park Woods Estates

Park Woods Estates

Stone mountain, GA
Available
  • Property Type: Equity Solutions
  • Property Size: / 102 Units

Overview

On behalf of Krog Street Partners (“KSP”), Capstone Equity & Structured Finance is pleased to present a preferred equity financing opportunity to invest in an existing, cash flowing, multi-family asset in an established and high-growth submarket within the Atlanta MSA.  

Park Woods Estates, located in Stone Mountain, GA (DeKalb County), is a 102-unit complex with a healthy mix of studio, one-, two-, and three-bedroom units and a mix of shared amenities. The property is conveniently located within a 5-minute walk to the historic Stone Mountain Village, a 10-minute drive to I-285, just miles from numerous major employers, and 13 miles to Downtown Atlanta. KSP plans to embark on a $950,000 renovation to upgrade unit interiors, building exteriors, and add additional shared amenities. This renovation package combined with new institutional property management will position Park Woods Estates to capture the submarket’s robust demand for quality workforce housing.

Investment Highlights

  • Value-Add Renovation Upside
  • Immediate Management Upside
  • Strong Market Fundamentals
  • Below Market Basis
  • Favorable Agency Loan Assumption Rate

Contact Information

Charlie Rimkus Associate Director P: 949.923.5542
O: 800.746.3175 ext. 784
crimkus@capstone-companies.com
Bryse Toothaker Director P: 704.727.2926
O: 800.746.3175 ext. 703
bryse@capstone-companies.com
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