The Collection Phase I2019-01-25T15:51:23+00:00

Project Description

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