The Collection Phase I | Atlanta, GA

Construction Type: 4/5-story podium

Units: 316 | Avg. Unit Size: 940 | Unit Mix: 1 BR (68%) 2 BR (32%)

Rentable Sq Ft: 297,186

Acreage: 6.61 | Density: 47.81 units/acre

Construction Start: February 2014

Status: Lease-up

Total Project Cost: $63,600,000 |  Per Unit: $201,266

Sale Price: $92,272,000 |  Per Unit: $292,000

Lender: US Bank | Equity: USAA

Profit Margin: 45% |  JV IRR: 48%

Affiliation: JLB Partners