Ralph David Abernathy Portfolio

Ralph David Abernathy Portfolio

1765-1767 Ralph David Abernathy Blvd Sw, Atlanta, GA 30310

Adrian Provost

Executive Managing Director 678.957.7653 (m) | 404.936.9023 (m) adrian@ Licenses: GA 341770 | FL BK3376045

INVESTMENT SUMMARY

Property Overview

Exclusively listed by Adrian Provost + Compass, this portfolio represents a distinct opportunity to acquire an out-standing value-add or redevelopment project with phenomenal proximity to major economic drivers, transportation, employment, and entertainment - promising a remarkable amount of upside potential.

ATL

Multifamily Offering

Location Overview

1765-1767 is nestled just West of Downtown Atlanta near West Midtown. West Midtown has seen large amounts of gentrification and infill, with an eclectic mix of new lofts, restaurants, shops, art galleries, salons, and professional firms. 3 miles from Midtown 2 miles from Downtown Atlanta 5 miles from Buckhead

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PHOTOS (EXTERIOR)

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PHOTOS (Exterior I)

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Atlanta Market Summary

1765 SW Ralph David Abernathy Blvd

Demand for retail in Atlanta remains strong, driven by impressive demographic trends. Atlanta has seen some of the strongest job growth and household formation in the nation over the past few years, and those demographic trends are expected to continue. Moreover, a light delivery pipeline has kept supply-side pressures low, allowing retail fundamentals to improve steadily over the cycle. With vacancies approaching a historical low point, rent growth has outperformed the national average by a significant margin in recent quarters. However, rents are still below the metro's prerecession peak, putting in perspective just how devastating the last downturn was

for the Atlanta retail sector.

Atlanta retail is relatively well positioned this late in the cycle. Vacancies are far below the metro's historical average, giving the metro a significant cushion should a slowdown occur. Atlanta has affordable rents compared to the national average and serves as a true center of gravity in the fast-growing Southeast. While some store closings may persist as national retailers reformat their footprints or go out of business, Atlanta may be somewhat insulated from their impact compared to smaller metros in the region.

NET ABSORPTION, NET DELIVERIES & VACANCY

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