Avalon Of Hermitage
Class-B Multifamily Investment Opportunity in Nashville, TN
Investment Intro Video
Investment Promo Video with Drone Footage Flyover
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*Investor Requirements: Income > $200k, (or) combined w/ spouse > $300k, (or) combined net worth > $1M, (or) Accredited investors
Track Record
Why Nashville?
Rapid Job & Population Growth
- Most populous city in Georgia
- 16 Fortune 500 companies headquartered here
- Home to the world’s busiest airport
- 1.9M jobs forecasted to be created by 2040
Economic Highlights
- 5% Income Growth Last Year
- 1,981 Flights/Day – Over 723,300 Fly Through the ATL Airport Each Year
- 25% increase in nonfarm employees over 10 years
- 9th largest metropolitan area in the U.S. as of 2019
- 3.1% Unemployment Rate is Below National Average
- $54,414 Median Income
Financial Overview
Conservative Financing
- Up to 68% LTV
- 6.52% interest rate
- Initial 3 year term with (2) 12 month period extensions
- Up to 3 year interest only
Conservative Underwriting
- Raising an additional $1,362,237 for 6 months of operating reserves
- Conservative assumptions of sale value based on reversion cap rate increase by 10 basis points per year
- Break-even occupancy stress test of 75%
- Underwriting with an eye towards market trends in 2008-2011 versus 2015-2018
Recession Resilience
Landlord-friendly State
- Georgia is a very pro-landlord state.
- Government is providing significant assistance programs for residents who cannot pay rent.
- In Georgia, eviction bans now lifted and the regular eviction process’ are now fully enforceable.
Resilient Renter Base
- B Class residents with higher education and income are less impacted.
- Targeting ‘gray collar’ residents, who typically have fewer collection issues and higher paying jobs.
How We Add Value
Existing
Below Market Rent
On average, the current rent is well below market for units with similar interiors.
Under Managed
This property is in need of a maintenance and management overhaul. The current team has missed many opportunities to maximize resident experiences and drive value.
Current Condition
Many units need rejuvenation. Some have not been touched in 20+ years.
The grounds, exteriors, pool, etc need more focus to reach the fullest potential.
Planned
Increase Rent to Market
Renovate units to raise rents ~$300+ to meet market rate for renovated units.
Managed to Excellence
Our experienced management team will upgrade the resident demographic and provide better customer service to tenants.
Update Units, Exterior, and Rebuild 8-Unit building
We will renovate the interior of the units and the exterior complex as a whole to drive up rents and add value.
How We Add Value
Existing
Below Market Rent
On average, the current rent is well below market for units with similar interiors.
Under Managed
This property is in need of a maintenance and management overhaul. The current team has missed many opportunities to maximize resident experiences and drive value.
Current Condition
Many units need rejuvenation. Some have not been touched in 20+ years.
The grounds, exteriors, pool, etc need more focus to reach the fullest potential.
Planned
Increase Rent to Market
Renovate units to raise rents ~$300+ to meet market rate for renovated units.
Managed to Excellence
Our experienced management team will upgrade the resident demographic and provide better customer service to tenants.
Update Units, Exterior, and Rebuild 8-Unit building
We will renovate the interior of the units and the exterior complex as a whole to drive up rents and add value.
Planned Renovations
Interior
- Install hard surface countertops
- New appliance package
- Add backsplash
- Brushed nickel lighting and hardware package
- Renovated bathrooms
Exterior
- Rebuild 8 Unit Building
- Clubhouse Renovation
- Pool, Dog Park, and Playground Upgrades
- BBQ Area Upgrades
- Exterior Wood and Paint
- Siding Repair
- Gate Modification
- Landscaping Improvements
Planned Renovations
Interior
- Install hard surface countertops
- New appliance package
- Add backsplash
- Brushed nickel lighting and hardware package
- Renovated bathrooms
Exterior
- Rebuild 8 Unit Building
- Clubhouse Renovation
- Pool, Dog Park, and Playground Upgrades
- BBQ Area Upgrades
- Exterior Wood and Paint
- Siding Repair
- Gate Modification
- Landscaping Improvements
Investor Requirements
The SEC requires that all investors qualify as an accredited investor
- With Income – You must have income that exceeds $200,000 per year (OR) You can elect to combine incomes to $300,000 per year if married.
- With Net Worth – Individual (OR) combined net worth > $1M
- Other Criteria – The SEC provides other ways an investor can qualify as accredited. Click here for more info.
Access The Full investor Kit
Don’t miss out on the great opportunity to invest in an excellent value-add multifamily community in a top-performing market. Complete the form below to register
We Are Multifamily Investment Professionals
Experienced
With a combined 100+ years of experience and $500M+ in closed multifamily transactions, we have the subject matter expertise, key relationships, and proven track record to execute profitable deals.
Conservative
We are opportunistic investors focused on creating long term value. We stress test our deals and use leverage carefully to create sustainable cash flow and limit our risk.
Diligent
Closing a deal, while challenging, is the easy part. Executing on the business plan is the hard part. It takes perseverance and persistence to achieve what we set out in our underwriting, and our team strives to knock it out of the park every time.
