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RealINSIGHT Marketplace and Capstone Apartment Partners are pleased to offer the opportunity to acquire Arbor Trace: a 300-unit garden-style apartment community conveniently located in Valdosta, Georgia.
 

Investment Highlights

  • Value-Add Opportunity: Approximately 30% of units have been renovated, providing a blueprint for new management to continue the value-add initiative
  • Add New Units to Marketplace: Twenty (20) units are considered down to the studs, ready for new ownership to bring new units to the marketplace
  • High Demand and Strong Occupancy Growth: Current management expects to be at 100% physical occupancy of all non-down units by end of May 2018
  • Positioned for Organic Rent Growth: Significant capital expenditures allow new ownership to focus on raising rents to market levels, driving NOI growth, and enhancing interior features

Tour Dates: May 22nd, 23rd & June 5th

Arbor Trace offers a well-positioned asset that has benefitted from a recent capital infusion and mid-stage repositioning effort. Shortly after takeover, the property was 54% occupied with the majority of the units not considered rent ready. Since taking over, current management has successfully improved the property to near stabilization with an improved resident profile, performed “hard turns” on unit interiors, upgraded the amenity package, and cured all immediate deferred maintenance needs.

With the repositioning in process and majority of the heavy lifting and interior renovations complete, incoming investors can immediately pivot focus on driving NOI growth and enhancing interior features to align rents with the submarket.


Auctioneer: Lamar P. Fisher, AUNR003157
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Since 2007, Capstone Capital has closed over 200 commercial loans totaling over $1.9 billion in loan volume. With offices in Nashville, TN, Tampa, FL, Cincinnati, OH, and Fayetteville, NC, we close loans for a variety of commercial real estate assets throughout the Southeast and Mid Atlantic. We put our best resources in competition to secure the best terms and maximum loan amounts for our clients. We prides ourselves on being thorough, involved, and taking the pressure off of our clients. Our loan packages get prompt attention from lenders because they’re detailed and transparent, ensuring a smooth, no-surprises process for all. Due to this model, 80% of our business is repeat customers. To learn more please visit www.cscap.us.

 

We are pleased to offer Seller Approved Financing Options

  • Local/Regional Bank, fixed rate, recourse
  • Bridge Financing, funding 70%-80% of acquisition cost, floating rate over LIBOR, nonrecourse
  • Permanent bridge loan exit offered by select Agency lenders that have a bridge platform

Benefits include:

  • Lender access to property to conduct Lender Inspections & Third Party Reports
  • Capital markets knowledge spanning a variety of real estate asset classes and loan programs
  • Development of creative financing strategies
  • Long established relationships with agencies, CMBS shops, bridge lenders, investment banks, domestic banks, and insurance companies
  • Provide clients with the most competitive terms and most reliable executions. You’ll have a team of analysts to assist with filling out due diligence paperwork.
  • Call the Debt Placement Broker as soon as possible to learn about other benefits

How do you receive these benefits?

  1. Contact the Debt Placement Broker (now)
  1. Complete Finance Pre-Screening (before auction)
  2. Complete Debt Placement Agreement (before auction)
  3. Complete Bid Registration Process (before auction)
  4. Win Auction
  5. Fulfill lender checklist
  6. Close Loan

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Arbor Trace Apartments

1503 East Park Avenue, Valdosta, GA 31602

Sold

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Multifamily Type
  • Garden
  • Property Size
  • 300 Units
  • Land Area
  • 23.53 Acres
  • Year Built
  • 1977, 1980
  • Number of Floors
  • 2
  • Number of Buildings
  • 29
  • Parking Count
  • 542
  • Occupancy
  • 90.00%
  • Occupancy as of
  • Apr 12, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.