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Coming Soon — 175 Units — Atlanta MSA
IMG is sponsoring the syndication of a 175-unit a multifamily community in the Atlanta, Georgia MSA through a 506(c) offering.
Minimum Limited Partner Investment: $25,000
Minimum Tenant in Common Investment: $750,000
Investment Highlights
- Atlanta’s urban rents continue to increase and push residents outward, driving suburban rents
- Located in Atlanta’s northeast premier expansion market of Gwinnett County
- Rising average HHI (5 miles) - Currently $80K, up nearly $10K over the last 5 years
- Positioned within Duluth’s Gwinnett Place Community Improvement District and retail destination center
- Less than 2 miles from the proposed Gwinnett Place Mall Redevelopment
- Surrounded by award-winning schools and high-end residential neighborhoods
- Gwinnett School of Mathematics, Science and Technology (6 miles from the property) has been named the No. 1 high school in Georgia by U.S. News and World Report (2022) for the 10th consecutive year
Please check back soon for access to the full IMG Offering Memorandum.
Closing Date: | Sept. 2022 |
Property Type: | MF, Garden |
Units: | 175 |
Total Investor Capital: | $21M |
Purchase Price: | $35.8M |
Minimum Investment: | $25,000 |
SD-IRAs Accepted? | Yes |
1031 Exchange Funds Accepted? | Yes |
Target Hold Period: | 5 years |
Targeted Investor IRR: | 12.9% |
Targeted Equity Multiple: | 1.7x |
Targeted Avg Annual Cash/Cash: | 5.0% |
Funds Due: | Aug. 2022 |
Distribution Frequency: | Monthly |
To request more information on this exclusive multifamily investment opportunity, contact:
DAVE MIKKELSEN
Director, Investor Relations
David.Mikkelsen@imgre.com
(747) 262-5652
KARLIN CONKLIN
Principal & Co-President
Karlin.Conklin@imgre.com
(747) 262-5685