Disrupt Equity, a Houston-based real estate syndication firm, announced on August 10th, 2021, that it has officially sold Central Park Apartments, a multifamily property in Atlanta, GA.
Located at 582 Roberts Dr, Atlanta, 30274, Georgia, this Class C 90-unit apartment community sold at $96K/ after being acquired in August of 2019 at $51K/door. The Disrupt Equity team implemented a value-add strategy, enhancing select interior units, exterior renovations, and updating amenities upon acquisition.
“When we purchased Central Park Apartments 2019, the property had meat on the bone and was in a great location to execute our value add renovation strategy, improve the community for our residents and achieve strong investor returns. Central Park was a clean, quiet, and safe property in Atlanta that stayed 95%+ occupied nearly the whole 3 years we held it! ” says Disrupt Equity managing partners
Although the hold period for the project was cut short, this value add multifamily real estate property achieved Disrupt Equity investors a total return to investors of roughly 95-100% and over a 30%+ average annualized return to investors in just 3 years!
The Central Park disposition follows the successful sale of another Atlanta property last month with 3 additional assets arranged to sell by the end of 2021, with many more investment offerings in the pipeline!
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