Hairston Woods

Overview

Situated on 2 acres in one of Atlanta’s fastest-growing submarkets, this 240-unit community was acquired for its exceptional unit sizes (among the largest in the area) and strong investment fundamentals. Built in 1984, the property featured prominent signage along a high-traffic corridor while offering residents a secluded, private setting. With little deferred maintenance, this property was primed for the Sponsor to focus exclusively on value-enhancing improvements.

At acquisition, a small sample of upgraded units had proven a $200/month rental premium. The Sponsor capitalized on this opportunity by completing renovations across the remaining units and enhancing exterior features and community amenities. Backed by $5.3M in private equity, the repositioning effort delivered an impressive 58.49% return to investors within just three years’ time.

Acquisition Metrics

Disposition Metrics