Invest

272 Units — Sandy Springs, GA

veridianIMG syndication multifamily

Veridian at Sandy Springs Apartments
1800 Windridge Dr, Sandy Springs, GA 30350

UPDATE: This offering is fully subscribed.

Minimum Limited Partner Investment: $25,000
Minimum Tenant in Common Investment: $750,000

Investment Highlights

IMG identifies Veridian as an outstanding investment opportunity similar to its previous, successful value-add acquisitions in Atlanta.

  • Located in the affluent North Fulton submarket, one of Atlanta’s largest employment bases and corporate office markets
  • High household incomes of $128K within a 5-mile radius of the property
  • Super Sun Belt Magnet - Atlanta named a real estate market to watch in ULI’s highly regarded Emerging Trends 2021 report
  • Atlanta has seen one of the strongest rent growth recoveries in the country among major markets
  • Prior ownership completed a $5M renovation program to elevate the asset
Prime Value-Add in Affluent Atlanta Metro Location
Closing Date:  Jan 14, 2021
Property Type:  MF, Garden
Investment Profile:  Value-Add
Total Investor Capital:  $16,519,200
Purchase Price:  $42,900,000
Minimum Investment:  $25,000
SD-IRAs Accepted?  Yes
Funds Due:  Jan 4, 2021
Target Hold Period:  5 years
Targeted Investor IRR:  14.00%
Targeted Equity Multiple:  1.82x
Targeted Avg Annual Cash/Cash:  7.72%
Distribution Start Date (Est):  May 2021
Distribution Frequency:  Monthly

IMG is currently accepting waitlist requests and pre-commitments for future apartment investment offerings.

Contact:

DAVE MIKKELSEN

Investor Relations Manager
David.Mikkelsen@imgre.com
(747) 262-5652

KARLIN CONKLIN

Principal, Executive Vice President
Karlin.Conklin@imgre.com
(747) 262-5685


“Getting Veridian pre-market at this basis is a big win for our investors. At below $160K per door, it lines up favorably against the comps. Rents are affordable, and the planned renovations are well received by residents. Ultimately, Veridian will deliver the best housing value for the dollar.

Veridian checks all the boxes on our IPA acquisition approach. It’s high-quality housing surrounded by some of the best demographics in Atlanta. The property operated quite well through the challenges of 2020. I expect that strength to continue in 2021 as the market begins to stabilize.”
– Neil Schimmel, IMG Founder-CEO


IMG's 506(c) offerings are available to accredited investors on a first-fund basis.