Elle of Buckhead2019-08-13T16:38:12+00:00

Project Description

Elle of Buckhead | Atlanta, GA

Construction Type: 4/5-story wrap
Units: 373 | Avg. Unit Size: 926 | Unit Mix: 1BR (62%) 2BR (38%
Rentable Sq Ft: 345,224
Acreage: 5.50 | Density: 67.82 units/acre
Construction Start: 7/2011
Status: Sold – 1/2014
Total Project Cost: $61,700,000 |  Per Unit: $165,416
Sale Price: $106,600,000 |  Per Unit: $285,790
Lender: Wells Fargo | Equity: USAA | Buyer: Metlife
Profit Margin: 74.6% |  JV IRR: 60.6%
Affiliation: JLB Partners