Village at Northlake | Atlanta, GA

Construction Type: 4-story wrap

Units: 399 | Avg. Unit Size: 953 | Unit Mix: 1 BR (42%) 2 BR (54%) 3 BR (5%)

Rentable Sq Ft: 380,142

Acreage: 8.70 | Density: 45.86 units/acre

Construction Start: June 2008

Status: Sold – October 2013

Total Project Cost: $59,075,000 |  Per Unit: $148,058

Sale Price: $51,850,000 | Per Unit: $129,949

Lender: Wells Fargo | Equity: Fidelity| Buyer: CWS

Profit Margin: -9.9%

JV IRR: -9.9%

Affiliation: JLB Partners