INVESTMENT HIGHLIGHTS
Attractive Assumable Debt
+75% LTV Agency Loan
Proven Value-Add
Opportunity to renovate 224 (75%) classic units and achieve $150+ premiums
Opportunity to Push Rents TO MARKETS
$286 gap between subject rents and competitors
Below Market Occupancy
Elevated vacancy provides significant upside
Recent Lease Trend
Recent leases outpace in-place rents, representing $209K + in year-one upside
Desirable Unit Mix
Spacious, predominately two- and three-bedroom units averaging 1,263 SF
Discount to Homeownership
Monthly mortgage payment ($2,096) for median-value homes in area outpace View at Stonecrest’s market rent ($1,108)
THE ASSET
Property Summary
COMMUNITY AMENITIES
- Clubhouse with Business Center
- Swimming Pool with Sundeck
- Sports Courts
- Playground
- Laundry Facilities
unit amenities
- Fully Equipped Kitchen
- Subway Tile Backsplash*
- Black Appliances*
- Hardwood Flooring*
- Walk-in Closets
- Washer and Dryer Connections
- Patio or Balcony
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Parking
The View at Stonecrest
37 Treeview Drive
Stonecrest, GA 30038
DeKalb
300
1972
32
Two-Story
14.93 Units Per Acre
20.10
332,541
1,108
Vinyl Siding
Pitched - Composition Shingle
650 Spaces
* Select Units
PHOTO GALLERY
THE LOCATION
CONTACT US
ATLANTA OFFICE
THREE ALLIANCE CENTER
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
INVESTMENT SALES
MATT WHITE
Managing Director
404.445.1070
Matt.White@berkadia.com
SCOTT BRAY
Managing Director
678.388.2507
Scott.Bray@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
MORTGAGE BANKING
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
37 TREEVIEW DRIVE | STONECREST | GA | 3003
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.
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