Stabilized returns in the 9%+ range, with opportunity to demolish and repurpose two rental homes or lease those to tenants to generate additional income
Expansion opportunity included in the sale
Portfolio-wide occupancy of 79% by unit and 70% economic occupancy, providing meaningful lease-up opportunity
Undersupplied submarket with just 5.42 square feet per capita within five miles of the facilities
Located in Paulding County, the second-fastest growing county in Metro Atlanta and Georgia, with ~2.6% annual population growth and median household income approaching $95,000
Benefiting from Wellstar Paulding Hospital and its $300 million recent expansion