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
MORTGAGE BANKING
IAN SHAW
Associate Director
404.654.2347
Ian.Shaw@berkadia.com
JUDY MACMANUS
Senior Director
404.654.2074
Judy.MacManus@berkadia.com
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
MATT WHITE
Senior Director
404.445.1070
Matt.White@berkadia.com
INVESTMENT SALES
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
ATLANTA OFFICE
THREE ALLIANCE CENTER
CONTACT US
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: https://www.berkadia.com/licensing/.
PHOTO GALLERY
THE LOCATION
Unit Amenities:
• Black Appliances
• Vinyl Flooring
• Lighting Upgrades
• Bluetooth Ceiling Fans*
• Fireplace
• Washer and Dryer Appliances* ($50/mo.)
• Walk-In Closets
• Patio / Balcony / Deck
* Select Units
AMENITIES
Meadowlark
3
499
Mobile
73%
Number of Properties
Number of units
Markets
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Parking
Meadowlark
101 Meadowlark Drive
McDonough, GA 30253
Henry
56
1986
14
Two-Story
5.64 Units Per Acre
9.93
51,620
922
Vinyl Siding, 5 Buildings HardiPlank
Pitched - Composition Shingle
112 Spaces
PROPERTY SUMMARY
Henry County averages 9.9% annual effective rent growth since 2013
Strong Fundamentals:
69% Two-and Three-Bedroom Floor Plans
Balanced Unit Mix:
Mark-to-Market, Loss-to-Lease, and Washer/Dryer Opportunities
Additional Upside:
Proven Premiums of $150 with 59% of Units Unrenovated
Value Add Upside:
Blended Fixed-Rate Agency Loan: +69% LTV with Five-Year IO through 2028
Loan Assumption:
Opportunity Highlights
Visit Doc Center
McDonough, GA
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Doc Center
The Location
Photo Gallery
The Asset
The Opportunity
mcdonough portfolio
Willow Chase Cove
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Parking
Willow Chase Cove
201 Willow Chase Cove
McDonough, GA 30253
Henry
76
1999
9
Two-and Three-Story
9.91 Units Per Acre
7.67
69,800
918
Vinyl Siding
Pitched - Composition Shingle
148 Spaces & 7 Handicapped
Meadowlark
Community Amenities:
• Leasing Office
• Swimming Pool
• Picnic Area
• Barbeque Area
• Outdoor Grill
• Playground
• Leasing Center
• Picnic Area with Barbeque
Community Amenities:
Unit Amenities:
• Black Appliances
• Vinyl Flooring
• Lighting Upgrades
• Bluetooth Ceiling Fans*
• Washer and Dryer Connections in All Units
(Appliances $50/mo.)
• Patio / Balcony / Deck
* Select Units
Willow Chase Cove
McDonough, GA
mcdonough portfolio
The Location
The Asset
The Opportunity
Terms of Use
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DOC CENTER
Photo Gallery
McDonough Population has Increase over 71.1% since 2000 and Expected to Grow 13.7% Over the Next Five Years
Explosive Population Growth:
Monthly Mortgage Payments for Median Home Values in Area Outpace Market Rents
Discount to Homeownership:
