Berkadia is pleased to exclusively present The Lakes at Statham, a brand-new Class A+ detached Build-To-Rent (BTR) community located in the Atlanta MSA. This unique and differentiated single-family low-density asset stands out as one of the only new rental communities in the area. The property is exceptionally located on 26 acres just minutes from GA-316 which provides access to more than 571,000 jobs, popular retail, and several lifestyle destinations. The community features an attractive mix of spacious three, four, five and six bedroom homes with open concept floorplans, high-end finishes, finished basements in select units and offers a custom home living experience. The property is the first and only detached Build-To-Rent community in the area and the newest property in a market which has a very limited supply of Class A inventory. Low supply and popular onsite amenities such as the resort style pool, fishing lake with dock, volleyball court and spacious outdoor green spaces have attracted a high-earning resident profile that is positioned to absorb future increases in rent. The Lakes at Statham represents an excellent opportunity to acquire a premier Class A+ Build-To-Rent community, utilizing conventional multifamily operations and traditional multifamily financing.
Executive Summary
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Premier A+ Detached BFR Community
1
Brand new D.R. Horton built community featuring spacious three-, four-, five, and six-bedroom homes with open concept floorplans
Driveway and garage, fenced in backyard, state-of-the-art smart home package, and top-of-market finishes for every home
Community amenities include a resort style pool with pavilion, fishing lake with dock, volleyball court and spacious outdoor green spaces
2
Exceptional Connectivity
Proximity to GA-316 provides direct access to the Northeast Atlanta Suburbs, in-town Atlanta markets, and premier economic hubs throughout the region
Rapid drive times to 571,000+ jobs
3
Ideal Renter Demographic
High-earning resident profile with an average household income of $154,000
Favorable rent-to-income ratio supports rental upside of $983/month
4
Outstanding Submarket Fundamentals
Submarket effective rents have grown 25% since 2021 with future projections of 16% over the next four years
The Northeast Atlanta Suburbs average 95% occupancy and have averaged more than 94% since 2015
5
Highly Differentiated Product and Lack of Competing Supply
First and only detached Build-To-Rent community in the area
No similar properties currently under construction and no planned deliveries - Less than 100 multifamily units delivered since 1999
Investment Highlights
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.
© 2024 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.
JOHN BRAY
Senior Managing Director
404.654.2595
john.bray@berkadia.com
RICHARD LEVINE
Senior Managing Director
404.654.2590
richard.levine@berkadia.com
JOSH FINLEY
Managing Director
404.654.2594
josh.finley@berkadia.com
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Investment Sales
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Market
The Northeast Atlanta Suburbs have experienced robust growth stemming from new jobs, sustainable population growth and a diverse mix of industry and services. Noteworthy employers such as Northside Hospital, Primerica, Intuitive, and Carvana are actively expanding which supports the healthcare, finance, technology, and advanced manufacturing industries. These thriving industries help the regional economy maintain a healthy balance. The area also benefits from popular lifestyle attractions such as Fort Yargo State Park, Chateau Elan, UGA Golf Course, Downtown Lawrenceville, The Georgia Theatre and Lane Creek Golf Club that provide a high quality of life.
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Atlanta Office
Three Alliance Center
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
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Brand New Premier "Detached" Build-To-Rent (BTR) Apartment Community
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GALLERY
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SUMMARY & HIGHLIGHTS
8% POPULATION GROWTH
IN THE NEXT FOUR YEARS
PROJECTED 81K+ RESIDENTS
ADDED IN THE NEXT 4 YEARS
AVERAGE HOUSEHOLD INCOME
$110K+
MEDIAN AGE
37
AVERAGE HOME VALUE
$523K+
Market By the Numbers
Andrew Mays
Senior Managing Director404.445.1067
andrew.mays@berkadia.com
Caleb Troop
Managing Director
980.208.1668 caleb.troop@berkadia.com
RUSS HARDY
Managing Director
404.422.0499
russ.hardy@berkadia.com
Andrew Mays
Senior Managing Director404.445.1067
andrew.mays@berkadia.com
Caleb Troop
Managing Director
980.208.1668 caleb.troop@berkadia.com
RUSS HARDY
Managing Director
404.422.0499
russ.hardy@berkadia.com
Andrew Mays
Senior Managing Director404.445.1067
andrew.mays@berkadia.com
Caleb Troop
Managing Director
980.208.1668 caleb.troop@berkadia.com
RUSS HARDY
Managing Director
404.422.0499
russ.hardy@berkadia.com
Additional Offerings:
Valley Ridge
Valley Ridge
Miller Landing
Miller Landing
75 TOTAL UNITS
17 Coastal Drive, Statham, GA | Atlanta MSA
Tom Genetti
Managing Director205.403.5545tom.genetti@berkadia.com
Mike Riley
Director470.681.1389mike.riley@berkadia.com
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