Disrupt Equity Sells 212 Unit Apartment Community In Atlanta, GA for $12MM in Gains in 2.5 Years

November 9, 2021
November 9, 2021 disrupt

Disrupt Equity Sells 212 Unit Apartment Community In Atlanta, GA for $12MM in Gains in 2.5 Years2 min read

Disrupt Equity, Houston real estate syndication firm, announced the sale of Retreat at Stone Mountain, a 212 unit Class B apartment community in Stone Mountain, one of Atlanta, Georgia’s most popular suburbs.

This Sale is Disrupt Equity’s 4th disposition of 2021, with mentions of another asset projected to sell by the end of the year.

 

Retreat at Stone Mountain is a newly renovated apartment community offering two and three-bedroom homes with beautiful interior features and property amenities, including a swimming pool, tennis court, playground, and picnic areas for residents to enjoy.

 

The property was built in 1983 and recently achieved proven rent premiums yielding ~$250+ through a full interior value add upgrade package. Disrupt Equity partner Feras Moussa states, “And for those that are curious – this goes back to buying deals right both on price and plan. We were spending $5-7k on upgrades here but yielding a ~$250+ premium. Furthermore, the deal next door was a sister deal that showed we were well below market rents. We spent two years getting units upgraded and significantly boosting the NOI on the property, which allowed us to achieve the price point we recieved.”

 

Retreat at Stone Mountain has been a very successful project for the real estate syndication firm Disrupt Equity. Although the project incurred a $2MM prepay penalty, Retreat sold for $12MM in gains, providing Disrupt Equity investors a 40%+ annualized return over a 2.5-year hold time.

 

Disrupt Equity Partners states, “A huge thank you to our partners and investors for their trust in Disrupt and the support shown throughout this project. We look forward to continuing to grow and providing our investors with strong and lucrative investment opportunities!” 

 

 If you are interested in staying up-to-date with Disrupt Equity’s future multifamily real estate investment offerings, visit https://www.disruptequity.com/invest/.

 

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