1501 RENAISSANCE DRIVE, CONYERS, GA 30012 I ATLANTA MSA

Premier Value-Add Opportunity

INVESTMENT SUMMARY

2000

Year Built

9

Number of Buildings

192

Total Units

215,952 SF

Net Rentable Area

1,125 SF

AVG UNIT SIZE

$1,453

Average leased Rent

2 / 3

Number of Floors

22.05 Acres

Land Area

8.71 Units / Acre

Density

468 Surface Spaces

Parking SPACES

The Opportunity

Mainstreet at Conyers represents a compelling value-add opportunity in Conyers, one of east Atlanta’s fastest growing suburban submarkets. Built in 2000, the 192-unit community benefits from its strategic location with immediate access to Interstate 20, providing convenient connectivity to major economic hubs throughout Atlanta. Current ownership has already invested significant capital to enhance curb appeal, renovate units, and improve common area amenities, with fully renovated units achieving rent premiums of $120 over classic units. A new owner has the opportunity to continue the proven value-add program or implement second-generation renovations to push revenue growth even further. The Property also benefits from strong surrounding economic drivers, including its proximity to Piedmont Rockdale Hospital, supporting over 1,200 jobs, and the $5B Rivian electric vehicle manufacturing plant expected to bring approximately 7,500 jobs to the area. Combined with excellent local demographics, convenient access to abundant retail and dining, and strong population and job growth projections, Mainstreet at Conyers represents an attractive opportunity to acquire a well-located value-add asset with significant upside potential.

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INVESTMENT HIGHLIGHTS

EXCELLENT VALUE-ADD OPPORTUNITY

  • Fully renovated units are achieving rent premiums of $120 over classic units
  • New product peers exceed in-place rents by $200 – $300 on average
  • Opportunity to capture $786K+ in additional annual income through year-one rent growth, market-proven renovations, and additional revenue boosters 
  • Current ownership has invested nearly $2.2M in CapEx since 2021

BEST-OF-MARKET CONNECTIVITY

  • Proximity to I-20 provides exceptional connectivity to major employment centers  
  • Unmatched access to an endless variety of retail, restaurant, and grocery options within five minutes 
  • Three-minute drive from Piedmont Rockdale Hospital, supporting 1,200+ jobs

SUPPLY PROTECTED LOCATION

  • No new construction starts since Q2 2023 
  • Only one property currently under construction in Rockdale County with zero properties planned or proposed  

I-20 CORRIDOR EXPLOSIVE GROWTH

  • Billions invested in recent years in the healthcare, manufacturing, film, and tech sectors  
  • $5 billion Rivian plant is under construction and expected to bring 7,500 jobs to the area

ATLANTA PRIMED FOR TAKEOFF

  • Atlanta ranked #2 major U.S. metro for rent growth in 2026  
  • 19,000 jobs expected to be added in 2026, ranking fourth among major U.S. metros
  • Atlanta ranks among the nation’s top metros for in-migration 
  • 2026 will be the least active year for multifamily completions in over a decade  

MARKET

The City of Conyers is ideally situated to offer the best of suburban living while maintaining excellent connectivity to major economic centers. With thriving residential communities, growing businesses, and numerous recreational attractions, Conyers offers a high-quality way of life as evidenced by its population growth. Future population projections estimate 9% growth in the next five years.

MARKET BY THE NUMBERS

ROCKDALE COUNTY

9%

Population Growth Projected in the Next 5 Years

$103,751

AVERAGE AGE

$352,274

AVG HOME VALUE

36

AVERAGE AGE

City of Conyers

Contact Us

Atlanta Office
Three Alliance Center
3550 Lenox Road, Suite 2600
Atlanta, GA 30326

INVESTMENT ADVISORS

Russ Hardy
Managing Director
404.422.0499
[email protected]

Andrew Mays
Senior Managing Director
404.445.1067
[email protected]

Paul Vetter
Senior Managing Director
404.445.1068
[email protected]

FINANCING

John Bray
Senior Managing Director
404.654.2595
[email protected]

Richard Levine
Senior Managing Director
404.654.2590
[email protected]

Josh Finley
Managing Director
404.654.2594
[email protected]

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