THE LOCATION
RICHARD LEVINE
Senior Managing Director
404.654.2590
Richard.Levine@berkadia.com
JOHN BRAY
Senior Managing Director
404.654.2595
John.Bray@berkadia.com
MORTGAGE BANKING
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
INVESTMENT SALES
CONTACT US
LOCATION AERIALS
Opportunity HIGHLIGHTS
MIKE RILEY
Director
470.681.1389
Mike.Riley@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
Photo Gallery
The Assets
The Opportunity
Doc Center
Privacy
Contact
Terms of Use
The Location
Average Household Income over 89K and 9.2% projected population growth over next five years
Strong Demographics and Population Trend
$187 gap between subject in-place rent and competitor average rent
Loss-to-Market
133 units have connections but no appliances, representing $80K in annual income
Washer/Dryer Opportunity
Proven Premiums of $150 with 72% of units unrenovated
Value-Add Upside
COMMUNITY AMENITIES
Property Summary
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Cielo at Thompson I
1425 Brandon Place
Gainesville, GA 30501
Hall
64
1985
12
Two- and Three-Story
10 Units Per Acre
6.21
48,300
755
Siding
Pitched - Composition Shingle
THE ASSETS
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit www.berkadia.com/licensing.
ATLANTA OFFICE
THREE ALLIANCE CENTER
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
JOSH FINLEY
Managing Director
404.654.2594
Josh.Finley@berkadia.com
Swimming Pool
Greenspace
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5000 SOUTH LINCOLN TRACE AVENUE, SMYRNA, GA 30083
RUSS HARDY
Managing Director
404.422.0499
Russ.Hardy@berkadia.com
Portfolio assets offer the largest floor plans and only studios in the submarket in addition to TH layouts, providing renters options for any unit type
Desirable Unit Mix
Monthly mortgage payments for median home values in Gainesville outpace market rent
Discount to Homeownership
Visit the Document Center
1425 Brandon Place
Gainesville, GA 30501
1985
BUILT
64
UNITS
Cielo at Thompson I
Cielo at Thompson II
Villas De Las Colinas 3
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Cielo at Thompson II
1858 Thompson Bridge Road
Gainesville, GA 30501
Hall
80
1988
7
Two- and Three-Story
15.81 Units Per Acre
5.06
92,600
1,158
Siding
Pitched - Composition Shingle
Property Summary
unit amenities
Fully Equipped Kitchen
Black Appliances
Multi-Speed Ceiling Fans
Wood-Style Flooring
Washer and Dryer Connections*
Balcony / Patio
* Select Units
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COMMUNITY AMENITIES
Playground
Picnic Area with Outdoor Grilling Area
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Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Villas de las Colinas 3
3630 Buford Hwy NE
Atlanta, GA 30329
DeKalb
62
1973
14
Two- and Three-Story
12.28 Units Per Acre
5.05
85,700
1,382
Stucco and Siding
Pitched - Composition Shingle
Property Summary
VILLAS DE LAS COLINAS 1
VILLAS DE LAS COLINAS 2
VILLAS DE LAS COLINAS 3
THE BELMONT AT 1975
GALLERY AT 1960
PREMIERE AT 1935
Cielo at Thompson I
Cielo at Thompson II
VILLAS DE LAS COLINAS 3
PHOTO GALLERY
BOUNDARY AERIALs
Cielo at Thompson PORTFOLIO
EGI is up 61.6% since May 2023 as a result of ongoing repositioning projects including building exteriors and site improvements, amenity updates, and an interior renovation program
Recent Financial Trends
1858 Thompson Bridge Road
Gainesville, GA 30501
1988
BUILT
80
UNITS
Submarket averages 11.3% annual effective rent growth since 2014
Supporting Fundamentals
COMMUNITY AMENITIES
Clubhouse
Swimming Pool
Car Wash Station
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TERMS OF USE
PRIVACY
DOC CENTER
CONTACT
THE LOCATION
PHOTO GALLERY
THE ASSETS
THE OPPORTUNITY
