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