The Rise Living Community

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Price:

Lot Size:

$30,000,000

8.26 acres

Brand New Class A Property

  • The Rise Living offers the opportunity to own a newly built and stabilized Class A asset below today’s replacement cost.
  • Average Household Income in the 1 mile radius is over $70,000.

Rent Growth Potential

  • Rents are on average $90 per unit per month below current rent schedule. Renewing rents at the current asking rates provides the opportunity to achieve an additional $138,000 in annual Net Rental Income.
  • Comparable Properties in the area support additional rent increases providing the opportunity for an additional $45,000 in annual Net Rental Income.

Strategic Location:

  • Proximity to Atlanta: Situated just 25 miles southeast of Atlanta, Conyers benefits from the spillover effect of the city’s booming economy and increasing population.
  • Excellent transportation access: Interstate 20, Highway 78, and Hartsfield-Jackson Atlanta International Airport provide convenient connections for businesses and customers.
  • Growing infrastructure: Development projects like the Conyers Interstate Business Park and the expansion of the Rockdale Medical Center are attracting new businesses and bolstering the local economy.

Economic Growth:

  • Diversifying industries: Conyers is transitioning from a manufacturing-based economy to include sectors like healthcare, logistics, and professional services, offering stability and resilience.
  • Growing population and workforce: The population of Conyers is projected to reach 112,000 by 2030, bringing a larger pool of potential customers and employees.
  • Increasing median income: Household incomes in Conyers are on the rise, reaching $74,000 in 2022, indicating a growing spending power and potential for rental demand.

For more information:

Jack Lynch
Associate
(864) 678-5937
Duffy Beal
Associate
(803) 212-5601
Angela LaPointe
Associate
(864) 641-7275
Trey Snellings
Vice President
(864) 678-5960
Bern DuPree
Director & Shareholder
(864) 678-5986
Kay Hill
Managing Director & Shareholder
(864) 678-5997

Property Summary

Property Type:

Multifamily

Lot Size:

8.26 Acres

Buildings:

4

Investment Summary

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Confidentiality Agreement Form


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Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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