Marketplace Square Apartments
This has been a very busy month for Disrupt Equity! The company has just finished closing on its newest property, Marketplace Square apartments! This asset is located in the fast growing market of Atlanta, GA. The Atlanta Metropolitan Statistical Areas total population now exceeds 5.9 million people and has grown 79% since 1990, making it the nation’s ninth-largest MSA. Additionally Atlanta’s population is forecasted to grow 9.6% over the next five years surpassing 6.4 million residents making it an excellent location for accelerated rent growth!
Marketplace Square Apartments is a 2 to 3 bedroom 152 unit complex, built in 1971. The complex is heavily upgraded with various value add opportunities. Marketplace Square is centrally located to some major employment centers including Corporate Park, Sysco Atlanta, Georgia International Airport and Amazon ATL6. The asset provides various amenities including an after-school program, washer/dryer connections, a business office and clubhouse for residents use. The average effective rent for Marketplace trails the competition by $169. This allows room to bring all units to upgrade level pushing rent to a more competitive level to achieve an average premium of $147 over current in-place rent.
Disrupt Equity is ready to execute their business plan and add extreme value to this asset. Stay in the loop and follow us on Facebook and LinkedIn to keep updated on our properties and growing portfolio!
Disrupt Equity Team