Heritage Gardens Apartments

This 80-unit multifamily apartment complex is located about 45 minutes from Atlanta, GA.  Built in 2006, Heritage Gardens boasts a wide array of amenities, such as an onsite swimming pool, basketball court, fitness center, newly remodeled club house, playground, sitting areas, conference rooms and more! In addition, the 1,000 square foot (on average) residences are some of the largest in the area.

Purchased in February of 2024 at a favorable cost basis of $70k/door, we exited this complex after only 6 months after pushing rents 17% in rapid fashion.  Even with the interest rate environment going the opposite way, we were able to exit this asset at 35% higher than the purchase price ($95k/unit exit).  We quickly secured another amazing investment that we were able to 1031 the funds into so we could avoid short term tax impact.