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Scott Bray
Managing Director 678.388.2507 Scott.Bray@berkadia.com
Matt White
Managing Director 404.445.1070 Matt.White@berkadia.com
Judy MacManus
Managing Director 404.654.2074 Judy.MacManus@berkadia.com
Property Name Address City, State, Zip County Units Built Buildings Stories Density Site Acreage Total Rentable SF Average Unit SF Exterior Roof
Lanier Terrace 1030 Summit St SE Gainesville, GA 30501 Hall 96 1970 10 Three-Story 14.84 Units Per Acre 6.47 77,280 805 Brick Masonry Flat, Mansard Metal Siding
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PROPERTY INFO SUMMARY
1030 summit st se | gainesville | GA | 30501
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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 company business in Nevada.
© 2025 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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Scott Bray (LEAD)
Managing Director 678.388.2507 Scott.Bray@berkadia.com
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
Matt White (Lead)
Managing Director 404.445.1070 Matt.White@berkadia.com
Mike Riley
Director
470.681.1389
Mike.Riley@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
Ian Shaw
Associate Director 404.654.2347 Ian.Shaw@berkadia.com
RICHARD LEVINE
Senior Managing Director
404.654.2590
Richard.Levine@berkadia.com
JOHN BRAY
Senior Managing Director
404.654.2595
John.Bray@berkadia.com
JOSH FINLEY
Managing Director
404.654.2594
Josh.Finley@berkadia.com
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
ATLANTA OFFICE
THREE ALLIANCE CENTER
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lanier terrace
lanier terrace
LOCATION
Interior Value Add 100% of units can be updated to a consistent, modern standard
“Organic” Rent Growth 12.96% loss-to-lease provides new ownership with the opportunity to boost revenue by $200k+ annually
Strong Historical Performance Since 2021, Lanier Terrace has been 97%+ physically occupied with current delinquency below 1%
Strong Resident Retention The average resident has resided at Lanier Terrace for close to 4 years, indicating that the property is an attractive location for long term living
Capital Infusion $13,854/unit invested in asset preservation, curb appeal, and resident experience
Irreplaceable Location, Walkable to Community Amenities Lanier Terrace is situated within walking distance of key local community amenities including the North Georgia Medical Center, Fair Street Elementary School, the Boys and Girls Club of Lanier. The location is ideal for attracting a diverse range of tenants.
Strong Demographics and Population Trend Gainesville MSA, has a projected 9.2% population growth over the next 5 years, average household income exceeds $105K, and 56% employed in white-collar jobs
Discount to Homeownership Monthly mortgage payment ($2,970) for average home value in Gainesville outpaces Lanier Terrace market rent ($1,370)
Exceptional Third Party Projections CoStar projects the Gainesville submarket to average effective rent growth of 3.2% annually from 2025 through 2029 for similar vintage properties
Wallet Share Current in-place rents ($1,189) accounts for just 13.6% of monthly average household income in the Gainesville, MSA
Attractive Loan Assumable Fannie Mae financing at a blended rate of 3.90%
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