OFFERING MEMORANDUIM

A MULTIFAMILY MAPLE PLACE APARTMENTS INVESTMENT 1352 - 1360 NORTH AVE & 1414 EUCLID OPPORTUNITY PRESENTED BY , GA 30307

FranklinSt.com MAPLE PLACE APARTMENTS | ATLANTA GA CONFIDENTIALITY AGREEMENT

EXCLUSIVELY LISTED BY: This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest into the acquisition of the Subject Property. Jake Reid Senior Director This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of state of affairs of the Owner or the 404.832.1250 ext. 404 [email protected] Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market Ricky Jones conditions, competition, and other factors beyond the control of the Owner or Franklin Street Real Estate Services, LLC. Therefore, all projections, assumptions, Director and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements 404.832.1250 ext. 420 are approximations. Additional information and an opportunity to inspect the Property will be made available to all interested and qualified prospective [email protected] purchasers. Neither the Owner or Franklin Street Real Estate Services, LLC. , nor any of their respective directors, officers, affiliates or representatives are making any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your own investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any obligations therein have been satisfied or waived.

By receipt of the Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or the Franklin Street Real Estate Services, LLC. Furthermore, you agree not to use this Memorandum or any of its contents in a manner detrimental to the interest of the Owner or Franklin Street Real Estate Services, LLC.

In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are so advised and expected to review all such summaries and other documents of whatever nature independently and not to rely on the contents of this Memorandum in any manner.

3384 Peachtree Rd NE, Suite 650 ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR FRANKLIN STREET REAL ESTATE SERVICES, LLC AGENT FOR MORE DETAILS. Atlanta, GA 30326

FranklinSt.com 2 TABLE OF CONTENTS

INVESTMENT OVERVIEW...... 4

FINANCIAL ANALYSIS...... 17

SALE COMPARABLES...... 20

RENT COMPARABLES...... 26

AREA OVERVIEW...... 42

DEMOGRAPHICS...... 53

ABOUT FRANKLIN STREET...... 56

FranklinSt.com Maple Place Investment Overview Apartments

FranklinSt.com EXECUTIVE SUMMARY MAPLE PLACE APARTMENTS | ATLANTA GA

Maple Place Apartments is 33 unit value add multifamily opportunity in the heart Atlanta’s desirable neighborhood. Maple Place is made up of 3 separate buildings on 1.25 acres directly across the street from Freedom Park. Maple place is an extremely unique opportunity because it’s located on the Freedom Park trail, which connects to the Atlanta Beltline, and is one of a very few apartment communities in the Candler Park neighborhood. The 33 units are comprised of spacious 1 and 2 bedroom units with updated plumbing, electrical, and off-street parking. Other amenities located within close proximity to the property are Candler Park Golf Course, Fernbank Museum, Druid Hills Golf Club, Virginia Highlands, , , , Decatur, Little 5 Points, and . Given the limited inventory in the immediate area, walkability, and strong demographics, Maple Place is able to command very desirable rents with further upside through a value add strategy.

FranklinSt.comFranklinSt.com 5 SALIENT FACTS

Zoning RM100 # of Units 33 Investment Details Average Rent/Unit $1,106 Rent/SF $1.78

Address 1352-1360 North Ave NE & 1414 Euclid City & Zip Atlanta, 30307 Location & Parcel Details County Dekalb State Parcel/Folio 15-24001024, 15-24001025, 15-24001026

No. of Residential Units 24-1 Bedroom 1 Bath, 9 - 2 Bedroom 1 Bath No. of Buildings 3 No. of Stories 2 Site Details Rentable Sq Ft 20,545 Year Built 1957 Lot Size 1.25 +/- Acres

FranklinSt.com6 MAPLE PLACE APARTMENTS | ATLANTA GA PARCEL MAP

FranklinSt.com 7 MAPLE PLACE APARTMENTS | ATLANTA GA NEIGHBORHOOD MAP Maple Place Apartments

FranklinSt.com 8 MAPLE PLACE APARTMENTS | ATLANTA GA AREA MAP

Maple Place Apartments

FranklinSt.com 9 Virginia RETAIL MAP Highland MAPLE PLACE APARTMENTS | ATLANTA GA Druid Hills

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FranklinSt.com 11 MAPLE PLACE APARTMENTS | ATLANTA GA

FranklinSt.com 12 1414 Euclid MAPLE PLACE APARTMENTS | ATLANTA GA

FranklinSt.com 13 MAPLE PLACE APARTMENTS | ATLANTA GA

FranklinSt.com 14 1360 N Ave MAPLE PLACE APARTMENTS | ATLANTA GA

FranklinSt.com 15 MAPLE PLACE APARTMENTS | ATLANTA GA

FranklinSt.com 16 Maple Place Financial Analysis Apartments

FranklinSt.com MAPLE PLACE APARTMENTS | ATLANTA GA UNIT MIX

Units Unit Type Sq Feet Current Rent/Sq Foot Proforma Rent/Sq Foot Rent Increase 14 1 Bed 1 Bath - 1414 Euclid 475 $950 $2.00 $1,000 $2.11 5.26% 4 2 Bed 1 Bath - 1360 N Ave 850 $1,450 $1.71 $1,525 $1.79 5.17% 4 1 Bed 1 Bath - 1360 N Ave 700 $1,100 $1.57 $1,175 $1.68 6.82% 5 2 Bed 1 Bath - 1352 N Ave 850 $1,450 $1.71 $1,525 $1.79 5.17% 6 1 Bed 1 Bath - 1352 N Ave 700 $1,100 $1.57 $1,175 $1.68 6.82%

GRAND TOTAL 33 21,300 $37,350 $1.75 $39,475 $1.85 5.69%

Current Proforma

1 Bed 1 Bath - 1352 N Ave Monthly Gross Monthly Gross 18% Potential Rent Potential Rent 1 Bed 1 Bath - 141 Euclid 2 Bed 1 Bath - 1352 N Ave 42% $37,350 $39,475 15%

1 Bed 1 Bath - 1360 N Ave Current Proforma 12% 2 Bed 1 Bath - 1360 N Ave Annual Gross Annual Gross 12% Potential Rent Potential Rent $448,200 $473,700

FranklinSt.com 18 MAPLE PLACE APARTMENTS | ATLANTA GA INCOME & EXPENSES

Current Year 1 Proforma % Per Unit Total % Per Unit Total % Per Unit Total INCOME Gross Potential Rent (GPR) $13,582 $448,200 $13,582 $448,200 $14,355 $473,700 Laundry Income 1.47% $200 $6,600 1.47% $200 $6,600 1.39% $200 $6,600 Other Income 0.54% $73 $2,400 0.54% $73 $2,400 0.51% $73 $2,400 Utility Reimbursement 0.00% $0 $0 3.01% $409 $13,500 2.85% $409 $13,500

Total Other Income 2.01% $273 $9,000 5.02% $682 $22,500 4.75% $682 $22,500 Gross Potential Income (GPI) $13,855 $457,200 $14,264 $470,700 $15,036 $496,200 ECONOMIC LOSS Vacancy 1.03% $140 $4,625 3.00% $407 $13,446 3.00% $431 $14,211 Loss to Lease 4.35% $591 $19,500 0.00% $0 $0 0.00% $0 $0

Total Economic Loss 5.38% $731 $24,125 3.00% $407 $13,446 3.00% $431 $14,211 Effective Gross Income (EGI) $13,123 $433,075 $13,856 $457,254 $14,606 $481,989 EXPENSES Taxes 5.75% $755 $24,917 5.45% $755 $24,917 14.11% $2,061 $68,000 Insurance 2.26% $297 $9,805 2.14% $297 $9,805 1.94% $283 $9,350 Utilities 4.26% $558 $18,429 4.03% $558 $18,429 3.82% $558 $18,429 Contract Services 1.68% $220 $7,260 1.59% $220 $7,260 1.37% $200 $6,600 Repairs & Maintenance 3.05% $400 $13,200 3.07% $425 $14,025 2.91% $425 $14,025 Management 0.00% $0 $0 6.00% $831 $27,435 6.00% $876 $28,919 Marketing & Leasing 1.52% $200 $6,600 1.80% $250 $8,250 1.71% $250 $8,250 Reserves & Replacements 0.00% $0 $0 1.44% $200 $6,600 1.37% $200 $6,600

Total Expenses 18.52% $2,431 $80,211 25.53% $3,537 $116,721 33.23% $4,854 $160,173 Net Operating Income 78.73% $10,693 $352,864 75.98% $10,319 $340,533 71.80% $9,752 $321,816

FranklinSt.com 19 Maple Place Sales Comparables Apartments

FranklinSt.com MAPLE PLACE APARTMENTS | ATLANTA GA SALES COMPARABLES Comparable Properties 1. Maple Place Apartments

2. Myrtle Grove Apartments

3. 860 Briarcliff 1

4. The Avery

5. Seminole Apartments

6. The Maiden

7. The Virginian

8. 691 Juniper St

FranklinSt.com 21 MAPLE PLACE APARTMENTS | ATLANTA GA SALES COMPARABLES PRICE PER UNIT

$188,333 $190,286 $200,000

$180,000 $143,750 $151,271 $148,214 $160,000 $127,200 $127,778 $140,000

$120,000

$100,000

$80,000

$60,000

$40,000

$20,000

$0

FranklinSt.com 22 Sold Comparables Maple Place

COMPARABLE PROPERTIES https://frankie.franklinst.com:443/File/Property/28259?fulls Maple Place ize=true 1352-1360 North Ave NE Sale Date: On Market Atlanta, Georgia 30307 Total Units: 33 Year Built: 1957 Unit Mix: 4 1 Bed 1 Bath - 1360 N Ave / 4 2 Bed 1 Bath - 1360 N Ave / 14 1 Bed 1 Bath - 1414 Euclid / 5 2 Bed 1 Bath - 1352 N Ave / 6 1 Bed 1 Bath - 1352 N Ave

https://frankie.franklinst.com:443/File/Property/27658?fulls Myrtle Grove Apartment ize=true 738 -742 Myrtle Street Sale Date: 3/27/2017 Atlanta, Georgia 30308 Total Units: 20 Price/Unit: $127,200.00 Price/Sq Ft: $195.69 Sale Price: $2,544,000 Year Built: 1960 Unit Mix: 20 1 Bed 1 Bath

https://frankie.franklinst.com:443/File/Property/28443?fulls 860 Briarcliff ize=true 860 Briarcliff rd Ne Sale Date: 2/28/2017 Atlanta, Georgia 30306 Total Units: 32 Price/Unit: $143,750.00 Price/Sq Ft: $174.90 Sale Price: $4,600,000 Year Built: 1955 Unit Mix: 10 1 Bed 1 Bath / 10 2 Bed 1 Bath / 12 Studio Sold Comparables Maple Place

COMPARABLE PROPERTIES https://frankie.franklinst.com:443/File/Property/26506?full The Avery size=true 419 Chamberlain St SE Sale Date: 1/13/2017 Atlanta, Georgia 30312 Total Units: 30 Price/Unit: $188,333.33 Price/Sq Ft: $198.25 Sale Price: $5,650,000 Year Built: 1969 Unit Mix: 10 2 Bed 1 Bath (Third Floor) / 10 2 Bed 1 Bath (Second Floor) / 10 2 Bed 1 Bath (First Floor)

https://frankie.franklinst.com:443/File/Property/28302?full Seminole Apartments size=true 1115 Sale Date: 8/31/2016 Atlanta, Georgia 30306 Total Units: 18 Price/Unit: $127,777.78 Price/Sq Ft: $163.12 Sale Price: $2,300,000 Year Built: 1920 Unit Mix: 17 1 Bed 1 Bath / 1 Studio

https://frankie.franklinst.com:443/File/Property/5873?fullsi The Maiden ze=true 740 Barnett St NE Sale Date: 8/8/2016 Atlanta, Georgia 30306 Total Units: 7 Price/Unit: $190,285.71 Price/Sq Ft: $213.67 Sale Price: $1,332,000 Year Built: 1935 Unit Mix: 2 1 Bed 1 Bath / 4 2 Bed 1 Bath / 1 Studio Sold Comparables Maple Place

COMPARABLE PROPERTIES https://frankie.franklinst.com:443/File/Property/22389?full The Virginian size=true 1132 Virginia Avenue NE Sale Date: 7/9/2016 Atlanta, Georgia 30306 Total Units: 28 Price/Unit: $148,214.29 Price/Sq Ft: $179.00 Sale Price: $4,150,000 Year Built: 1920 Unit Mix: 28 2 Bed 1 Bath

https://frankie.franklinst.com:443/File/Property/26542?full 691 Juniper St size=true 691 Juniper St Sale Date: 5/23/2016 Atlanta, Georgia 30308 Total Units: 21 Price/Unit: $133,333.33 Price/Sq Ft: $134.04 Sale Price: $2,800,000 Year Built: 1916 Unit Mix: 4 1 Bed 1 Bath / 6 2 Bed 1 Bath / 8 2 Bed 1 Bath / 3 Studio Maple Place Rent Comparables Apartments

FranklinSt.com MAPLE PLACE APARTMENTS | ATLANTA GA RENT COMPARABLES Comparable Properties

1. Maple Place Apartments 2. 743 Bonaventure 3. Greenwood Avenue Apartments 4. Highland Club Apartments 1 5. 950 St. Charles 6. 221 Lampkin St 7. 214 Randolph St 8. The Virginian 9. Highland Glen 10. North Highland Apartments 11. Seminole Apartments 12. Walt & Earle

FranklinSt.com 27 MAPLE PLACE APARTMENTS | ATLANTA GA RENT COMPARABLES

Occupancy Rates Average Unit Size

100.00% 1100 95.00% 90.00% 1000 85.00% 900 80.00% 75.00% 800 70.00% 65.00% 700 60.00% 600 55.00% 50.00% 500

Average Asking Rent Rent per Square Foot

2,000 2.50 1,800 2.00 1,600 1,400 1.50 1,200 1,000 1.00 800 0.50 600 400 0.00

FranklinSt.com 28 MAPLE PLACE APARTMENTS | ATLANTA GA RENT SORT 1 Bedroom Units 2 Bedroom Units Community Unit Type Sq Ft Rent Rent Per SF Community Unit Type Sq Ft Rent Rent Per SF Maple Place 1 Bed 1 Bath - 1414 Euclid 475 $950 $2.00 221 Lampkin St 2 Bed 1 Bath 750 $1,300 $1.73 North Highland Apartments 1 Bed 1 Bath 500 $1,000 $2.00 North Highland Apartments 2 Bed 1.5 Bath 775 $1,300 $1.68 Proforma 1 Bed 1 Bath - 1414 Euclid 475 $1,000 $2.11 Walt & Earle 2 Bed 1 Bath 945 $1,400 $1.48 221 Lampkin St 1 Bed 1 Bath (Upgraded) 800 $1,000 $1.25 North Highland Apartments 2 Bed 1.5 Bath 875 $1,400 $1.60 Walt & Earle 1 Bed 1 Bath 665 $1,075 $1.62 Highland Glen 2 Bed 1 Bath 945 $1,450 $1.53 214 Randolph St. 1 Bed 1 Bath 650 $1,090 $1.68 Maple Place 2 Bed 1 Bath - 1352 N Ave 850 $1,450 $1.71 Maple Place 1 Bed 1 Bath - 1352 N Ave 700 $1,100 $1.57 Maple Place 2 Bed 1 Bath - 1360 N Ave 850 $1,450 $1.71 Maple Place 1 Bed 1 Bath - 1360 N Ave 700 $1,100 $1.57 Proforma 2 Bed 1 Bath - 1352 N Ave 850 $1,525 $1.79 Proforma 1 Bed 1 Bath - 1352 N Ave 700 $1,175 $1.68 Proforma 2 Bed 1 Bath - 1360 N Ave 850 $1,525 $1.79 Proforma 1 Bed 1 Bath - 1360 N Ave 700 $1,175 $1.68 214 Randolph St. 2 Bed 1 Bath 832 $1,600 $1.92 Greenwood Ave Apartments 1 Bed 1 Bath 650 $1,195 $1.84 The Virginian 2 Bed 1 Bath 828 $1,600 $1.93 950 St Charles 1 Bed 1 Bath 700 $1,195 $1.71 Highland Club Apartments 2 Bed 1 Bath 1250 $1,845 $1.48 Highland Club Apartments 1 Bed 1 Bath 750 $1,196 $1.59 743 Bonaventure 2 Bed 2 Bath 1200 $2,600 $2.17 Highland Club Apartments 1 Bed 1 Bath 800 $1,291 $1.61 Average $1,573 $1.73 Walt & Earle 1 Bed 1 Bath 850 $1,400 $1.65 743 Bonaventure 1 Bed 1 Bath 760 $1,450 $1.91 Seminole Apartments 1 Bed 1 Bath 800 $1,450 $1.81 Average $1,167 $1.72

FranklinSt.com 29 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/28259?fullsize=tr Maple Place Total Units: 33 ue 1352-1360 North Ave NE Current Occupancy: 94% Atlanta, Georgia 30307 Year Built: 1957

Unit Type # of Units Asking Rent Rent per SF 1 Bed 1 Bath - 1414 Euclid 14 475 $950 $2.00 2 Bed 1 Bath - 1360 N Ave 4 850 $1,450 $1.71 Average Rent 1 Bed 1 Bath - 1360 N Ave 4 700 $1,100 $1.57

2 Bed 1 Bath - 1352 N Ave 5 850 $1,450 $1.71 $1,400 $1,200 1 Bed 1 Bath - 1352 N Ave 6 700 $1,100 $1.57 $1,000 $800 $600 $400 $200 $0

Rent per Sqft.

$1.90 $1.85 $1.80 $1.75 $1.70 $1.65

Total / Average 33 645 $1,132 $1.75 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/29524?fullsize=tr 743 Bonaventure Total Units: 3 ue 743 Bonaventure Current Occupancy: 100% Atlanta, Georgia 30306 Year Built: 1930

Utilities: Concessions: Unit Type # of Units Square Footage Asking Rent Rent per SF 1 Bed 1 Bath 2 760 $1,450 $1.91 2 Bed 2 Bath 1 1200 $2,600 $2.17 Average Rent

$2,000

$1,500

$1,000

$500

$0

Rent per Sqft.

$2.10 $2.00 $1.90 $1.80 $1.70 $1.60

Total / Average 3 907 $1,833 $2.02 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/29058?fullsize=tr Greenwood Ave Apartments Total Units: 19 ue 767-773 Greenwood Ave. Current Occupancy: 97% Atlanta, Georgia 30306 Year Built: 1959 N/A

Unit Type # of Units Asking Rent Rent per SF 1 Bed 1 Bath 19 650 $1,195 $1.84 Average Rent

$1,200 $1,180 $1,160 $1,140 $1,120 $1,100 $1,080

Rent per Sqft.

$1.90 $1.85 $1.80 $1.75 $1.70

Total / Average 19 650 $1,195 $1.84 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/28071?fullsize=tr Highland Club Apartments Total Units: 44 ue 934-950 Ponce De Leon Ave Current Occupancy: 92% Atlanta, Georgia 30306 Year Built: 1920 Individually Metered

Utilities: Concessions: Unit Type # of Units Square Footage Asking Rent Rent per SF Studio 1 Bath 1 500 $1,025 $2.05 1 Bed 1 Bath 2 750 $1,196 $1.59 Average Rent 2 Bed 1 Bath 26 1250 $1,845 $1.48

1 Bed 1 Bath 15 800 $1,291 $1.61 $2,000

$1,500

$1,000

$500

$0

Rent per Sqft.

$2.00 $1.50 $1.00 $0.50 $0.00

Total / Average 44 1057 $1,608 $1.52 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/29037?fullsize=tr 950 St Charles Total Units: 10 ue 950 St Charles Current Occupancy: 98% Atlanta, Georgia 30306 Year Built: 1960

Utilities: N/A Concessions: Unit Type # of Units Square Footage Asking Rent Rent per SF 1 Bed 1 Bath 10 700 $1,195 $1.71 Average Rent

$1,200 $1,180 $1,160 $1,140 $1,120 $1,100 $1,080

Rent per Sqft.

$1.90 $1.85 $1.80 $1.75 $1.70 $1.65 $1.60

Total / Average 10 700 $1,195 $1.71 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/29525?fullsize=tr 221 Lampkin St Total Units: 17 ue 221-235 Lampkin Street Current Occupancy: 94% Atlanta, Georgia 30312 Year Built: 1960

Utilities: N/A Concessions: Unit Type # of Units Square Footage Asking Rent Rent per SF 2 Bed 1 Bath 11 750 $1,300 $1.73 1 Bed 1 Bath (Upgraded) 2 800 $1,000 $1.25 Average Rent 3 Bed 2 Bath 3 1300 $1,400 $1.08

4 Bed 2 Bath 1 1380 $1,750 $1.27 $1,350 $1,300 $1,250 $1,200 $1,150 $1,100 $1,050 $1,000

Rent per Sqft.

$2.00 $1.50 $1.00 $0.50 $0.00

Total / Average 17 890 $1,309 $1.47 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/28478?fullsize=tr 214 Randolph St. Total Units: 10 ue 214 Randolph St. Current Occupancy: 98% Atlanta, Georgia 30312 Year Built: 1960

Utilities: N/A Concessions: Unit Type # of Units Square Footage Asking Rent Rent per SF 1 Bed 1 Bath 8 650 $1,090 $1.68 2 Bed 1 Bath 2 832 $1,600 $1.92 Average Rent

$1,200 $1,180 $1,160 $1,140 $1,120 $1,100 $1,080

Rent per Sqft.

$1.90 $1.85 $1.80 $1.75 $1.70 $1.65

Total / Average 10 686 $1,192 $1.74 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/22389?fullsize=tr The Virginian Total Units: 28 ue 1132 Virginia Avenue NE Current Occupancy: 95% Atlanta, Georgia 30306 Year Built: 1920 N/A

Utilities: Concessions: Unit Type # of Units Square Footage Asking Rent Rent per SF 2 Bed 1 Bath 28 828 $1,600 $1.93 Average Rent

$1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0

Rent per Sqft.

$1.95 $1.90 $1.85 $1.80 $1.75 $1.70 $1.65

Total / Average 28 828 $1,600 $1.93 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/29059?fullsize=tr Highland Glen Total Units: 23 ue 436 N Highland Ave NE Current Occupancy: 95% Atlanta, Georgia 30307 Year Built: 1963 N/A

Unit Type # of Units Asking Rent Rent per SF 2 Bed 1 Bath 23 945 $1,450 $1.53 Average Rent

$1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0

Rent per Sqft.

$2.00 $1.50 $1.00 $0.50 $0.00

Total / Average 23 945 $1,450 $1.53 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/19471?fullsize=tr North Highland Apartments Total Units: 17 ue 493 N highland Ave NE Current Occupancy: 94% Atlanta, Georgia 30307 Year Built: 1968

Individual Gas, Electric, Not Utilities: Water Concessions: Unit Type # of Units Square Footage Asking Rent Rent per SF 2 Bed 1.5 Bath 12 775 $1,300 $1.68 1 Bed 1 Bath 1 500 $1,000 $2.00 Average Rent 2 Bed 1.5 Bath 4 875 $1,400 $1.60

$1,350 $1,300 $1,250 $1,200 $1,150 $1,100 $1,050 $1,000

Rent per Sqft.

$1.90 $1.85 $1.80 $1.75 $1.70 $1.65 $1.60 $1.55

Total / Average 17 782 $1,306 $1.67 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/28302?fullsize=tr Seminole Apartments Total Units: 18 ue 1115 Ponce De Leon Avenue Current Occupancy: 95% Atlanta, Georgia 30306 Year Built: 1920 N/A

Unit Type # of Units Asking Rent Rent per SF 1 Bed 1 Bath 17 800 $1,450 $1.81 Studio 1 500 $750 $1.50 Average Rent

$1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0

Rent per Sqft.

$1.90 $1.85 $1.80 $1.75 $1.70

Total / Average 18 783 $1,411 $1.80 Rent Comparables Maple Place

https://frankie.franklinst.com:443/File/Property/28477?fullsize=tr Walt & Earle Total Units: 28 ue 441 - 455 North Highland Current Occupancy: 96% Atlanta, Georgia 30306 Year Built: 1925 N/A

Utilities: Concessions: Unit Type # of Units Square Footage Asking Rent Rent per SF Studios 7 375 $845 $2.25 1 Bed 1 Bath 16 665 $1,075 $1.62 Average Rent 2 Bed 1 Bath 4 945 $1,400 $1.48

1 Bed 1 Bath 1 850 $1,400 $1.65 $1,200

$1,150

$1,100

$1,050

$1,000

Rent per Sqft.

$1.90 $1.85 $1.80 $1.75 $1.70 $1.65 $1.60 $1.55

Total / Average 28 639 $1,076 $1.68 Maple Place Area Overview Apartments

FranklinSt.com MAPLE PLACE APARTMENTS | ATLANTA GA SURROUNDING HIGHLIGHTS

2.1 Georgia State University ranked fifth among national universities in a new U.S. Miles from News ranking this year of most innovative schools. Georgia State University has a Maple Place total undergraduate enrollment of 25,160. 18 percent of the students live in college owned, operated or affiliated housing and 82 percent of students live off campus.

Among the top 30 public universities, again ranked 7th, and UGA was 2.8 tied for 18th. All three Georgia institutions had freshman retention rates of at least Miles from 94 percent and graduation rates last year of at least 82 percent. Georgia Tech Maple Place has a total undergraduate enrollment of 15,142. 53 percent of the students live in college owned, operated or affiliated housing and 47 percent of students live off campus.

The Centers for Disease Control and Prevention (CDC) is the leading national public 3.3 health institute of the United States. The CDC is a United States federal agency Miles from under the Department of Health and Human Services, headquartered near Atlanta, Maple Place Georgia. Its main goal is to protect public health and safety through the control and prevention of disease, injury, and disability in the US and internationally.

1.9 Emory ranks as the second-largest employer in the metro Atlanta area, has an economic impact of $1.9B and employs more than 13,000 people. Miles from Emory University has a total undergraduate enrollment of 7,803. At this school, 64 Maple Place percent of the students live in college owned, operated or affiliated housing and 36 percent of students live off campus.

4.7 SCAD offers more degree programs and specializations than any other art and Miles from design university. At this school, 42 percent of the students live in college-owned, Maple Place -operated or -affiliated housing and 58 percent of students live off campus.

FranklinSt.com 43 *U.S.News A World Report & AJC MAPLE PLACE APARTMENTS | ATLANTA GA DEVELOPMENTS AROUND THE AREA

Clermont Hotel Emory Proton Therapy Center Opening 2017 Opening 2017 • $200+ Million Proton Center Project • 4-Star Boutique Hotel • 107,000+ SF Building • Food and Beverage Outlets • 5 Treatment Rooms • Rooftop Bar

Kroger (729 Ponce de Leon Ave NE) Krog Street Market Opening 2017 Established 2008 • 60,000 sq ft Kroger Prototype • 10 Delicious Dining Locations • 360,000 sq ft Office • 11 Unique Retail Shops • Outdoor Terraces • Linked To Atlanta’s Beltline • 900 Parking Spots • Short Walk To Inman Park, Old Fourth Ward and • Beltline Facing Retail Poncey Highland Areas

Kodak Building Edgewood Retail District Opening 2017 Established 2005 • Modern-style Transformation • 41 Boutique & Specialty Shops • Tenant: Salveo Integrative Health • 30 Live Work Spaces • 9 National Retail Stores

525 North Ponce City Market Opening 2017 Established 2014 • 172,000 sq ft of Office and Retail Space • Over 2M sq ft of Retail, Food, and Office Spaces • 8,000 sq ft of Roof Top Terrace • 38 Boutique & Specialty Shops • Plentiful Parking • 27 Food & Drink Locations • 9 Live Work Spaces • Close Proximity to the Beltline, Ponce City • Skyline Park Market, MARTA • Linked To Atlanta’s Beltline

FranklinSt.com 44 MAPLE PLACE APARTMENTS | ATLANTA GA

The Atlanta Beltline The Atlanta Beltline is a former railroad corridor around Redevelopment the core of Atlanta, GA. The The redevelopment plans Beltline is designed to improve envision a retail and transportation, add green space, residential district that will and promote redevelopment. likely cost between $350M to $400M. The development will include 1,000 residential units, high rise towers and 320 hotel rooms.

GSU & Turner Field Development Plan The university plans to develop a $300M on campus football stadium, dormitory, multifamily housing and retail On the Move space on the 67+/- acre site. $1.5 Billion in New Developments ATLANTA WAS NO.5 FOR MILLENNIAL MOVERS IN 2015 88,000 JOBS TO BE ADDED $90M Atlanta Street Car TO ATLANTA’S SKYROCKETING GSU & Turner Field Plan GROWTH IN THE YEAR 2016 Underground Atlanta Mercedes Benz Stadium FORBES #5 BEST PLACES FOR Braves Stadium BUSINESS AND CAREERS Falcons New Stadium Development The Atlanta Beltline The Mercedes Benz stadium will be an iconic landmark for the Ponce City Market City of Atlanta. The stadium is currently under construction with an open date of 2017. The new stadium will seat 71,000 Emory Proton Center and will cost $1.4 Billion

Atlanta Streetcar From taking a tour of the civil rights landmarks around the King Historic District to an exploring attractions near , the is an opportunity to experience Ponce City Market and explore some of Atlanta’s historic The classic structure, which is the area’s sites. largest adaptive reuse project, has been reinvented into a vibrant community housing the Central , various shops, flats FranklinSt.com and office. 45 MAPLE PLACE APARTMENTS | ATLANTA GA AREA OVERVIEW ARTS & CULTURE Culture lovers revel in Atlanta lifestyle and the arts and theatrical communities. From the Atlanta Ballet to the Atlanta Symphony Orchestra - which has won more Grammys than any other U.S. symphony - the city is home to world-class acts in dance and classical music. In addition, the metro Atlanta region offers several permanent theater groups, from the to the Cobb Energy Performing Arts Center, as well as the world-renown , a division of the .

• The Atlanta Symphony Orchestra is based in Atlanta and its main concert venue is in the Woodruff Arts Center.

• The Callanwolde Foundation, Inc., operating as Callanwolde Fine Arts Center, is a non-profit organization whose mission is to CALLANWOLDE FINE ARTS CENTER preserve, restore, and develop the Callanwolde Estate and to be a premier public participatory arts and cultural center. A busy, non-profit community arts center, Callanwolde offers classes and workshops for all ages in visual, literary and performing arts. Special performances, gallery exhibits, outreach programs and fundraising galas are presented throughout the year.

• (MODA) is the only museum in the Southeast devoted exclusively to the study and celebration of all things design. MODA regularly features exhibitions highlighting architecture, industrial and product design, interiors and furniture, graphics, fashion and more. It is located in as a part of the Midtown Arts Corridor.

• The Fox Theatre, a former movie palace, is a performing arts venue located at 660 NE in Midtown Atlanta, and is the centerpiece of the Fox Theatre Historic District. The 4,678 seat auditorium was ultimately developed as a lavish movie theater in the Fox Theatres chain and opened in 1929. It hosts a variety of cultural and artistic events including the Atlanta Ballet, a summer film series, and performances by national touring companies of Broadway shows. FOX THEATRE

MUSEUM OF DESIGN ATLANTA HIGH MUSEUM OF ART ATLANTA BALLET

FranklinSt.com 46 MAPLE PLACE APARTMENTS | ATLANTA GA AREA OVERVIEW

ATTRACTIONS & RECREATION • The is a 30 acre botanical garden located adjacent to in Midtown Atlanta. Incorporated in 1976, the garden’s mission is to “develop and maintain plant collections for the purposes of display, education, conservation, research and enjoyment.” • The CNN Center is the world headquarters of CNN. The main newsrooms and studios for several of CNN’s news channels are located in the building, which is situated in adjacent to Centennial Olympic Park. SIX FLAGS OVER GEORGIA • The houses more than 100,000 animals, representing 500 species, all of which reside in 10 million gallons of marine and fresh water. It was the world’s largest aquarium when it opened in 2005. The aquarium is in downtown Atlanta on land donated by The Coca-Cola Company, just north of Centennial Olympic Park and near the Georgia Dome, the Georgia World Congress Center, Philips Arena and CNN Center. • The Georgia Dome is the home stadium for the NFL’s and the NCAA’s football team. The Dome has also hosted several soccer matches since 2009 that have drawn over 50,000 fans. The Georgia Dome was the largest domed structure in the world when it opened, but it has since been surpassed by the Millennium Dome in London and the Docklands Stadium in Melbourne, Australia. • is an Association of Zoos and Aquariums (AZA) accredited zoological park in Atlanta. The zoo is one of four zoos in the U.S. currently housing giant pandas. The zoo houses more than 1,500 animals representing more than 200 species from around the world.

• Six Flags Over Georgia is a 290-acre theme park located west of Atlanta in Cobb County. It hosts Warner Bros. Studios’ cast of characters including Bugs Bunny, Daffy Duck, and the Looney Tunes, along with Batman, Superman, and the Justice League, and has a sister water park called Six Flags White Water CENTENNIAL OLYMPIC PARK Atlanta in nearby Marietta. • The World of Coca-Cola is a permanent exhibition featuring the history of The Coca-Cola Company - including its well-known advertising - as well as a host of entertainment areas and attractions, and is located at Pemberton Place. • Centennial Olympic Park is a 21-acre public park located in downtown Atlanta and is owned and operated by the Georgia World Congress Center Authority. The park was built by the Atlanta Committee for the Olympic Games (ACOG) as part of the infrastructure improvements for the Centennial 1996 Summer Olympics. • Located in the heart of downtown, Underground Atlanta is one of the city’s most popular attractions and a cultural hub. Opened in 1969 as a “city beneath the streets’, Underground Atlanta stretches over six city blocks and has over 225,000 square feet of shopping, restaurants and entertainment in its 12 acres.

WORLD OF COCA-COLA

UNDERGROUND ATLANTA

FranklinSt.com 47 MAPLE PLACE APARTMENTS | ATLANTA GA NEW DEVELOPMENTS: ECONOMIC IMPACT

As 2016 settles, apartments by the thousands are in the pipeline, two new professional stadium are underway and developers are taking chances with numerous projects. The city continues to develop as the location of choice for many U.S. and International corporations. Several headquarters have relocated within the city of Atlanta including internationally known world- leading auto manufacturing companies such as Porsche and Mercedes Benz. From new ballparks to urban revival, these developments are reshaping the region and providing an economic boost to the city of Atlanta.

• State Farm is constructing a massive mixed-use complex that will serve as a major operations center for the insurer and rank among the largest real estate projects announced in metro Atlanta since the Great Recession. The 2,000,000+ SF headquarters will include retail, multiple office towers and a 200 room hotel.

• The focus of Porsche has always been on people - whether it’s customers or employees. To support the company’s strategy, Porsche spent $100 Million to build its largest investment outside of Germany - Porsche Headquarters Atlanta. The 27 +/- acre site is designed for both work and play, and is a Porsche fan’s dream. The high point for Porsche drivers and fans is the 1.6 mile Driver Development Track. The course includes six distinct sections, an off-road course and the only Kick Plate in North America. For non-racing fans the facility offers a showcase of the brand’s classic cars on display and art inspired by Porsche. The Atlanta headquarters opened in May 2015. Porsche is also working on experience centers in Le Mans and Shanghai, with plans to expand into Moscow and Istanbul, as well.

• Mercedes Benz is building a 250,000 SF HQ building on a 12 acre site on the southern side of Abernathy Road near GA-400. The office complex will in essence anchor a planned residential and retail project. The $93 Million campus will bring 800 to 1,000 new jobs to the city. Construction is scheduled to begin in early 2016.

• The addition of the new Braves Stadium to Cobb County will have an explosive economic boost to the county with over 9,000 jobs coming to the area. The construction began in 2014 and is expected to employ more than 5,200 at a total payroll of $235 million.

• The Mercedes Benz stadium will contribute to the long-term economic growth and success of the city of Atlanta and the state of Georgia. The new facility will create approximately 4,500 jobs and generate more than $400 Million in total statewide economic impact, including $169 Million in personal income.

MERCEDES BENZ HQ - ATLANTA PORSCHE HQ - STADIUM

FranklinSt.com 48 MAPLE PLACE APARTMENTS | ATLANTA GA MERCEDES BENZ STADIUM

Mercedes-Benz Stadium will be an iconic landmark for the City of Atlanta and State of Georgia. It will provide Falcons fans, Atlanta United fans and other event guests with an unparalleled experience, while contributing to the economic growth and success of the city and state. The forward-thinking new stadium will feature the highest levels of environmental sustainability inside and outside the building. • Once open, Mercedes Benz Stadium is expected to continue to host its current events, such as the SEC Championship, Chic fil-A Bowl, Chic fil-A Kickoff, BOA Classic and NCAA Men’s Final Four, which collectively brings more than $130 Million in economic increase to the city of Atlanta • The seating capacity can be expanded to up to 75,000 to play host to a potential future Super Bowl or FIFA World Cup, or up to 83,000 for other events such as the NCAA Final Four RETRACTABLE ROOF STRUCTURE

• Inspired by the oculus in the ancient Roman Pantheon, the stadium’s unique roof opening will provide tremendous flexibility in hosting a wide variety of events in the stadium. Eight unique roof petals can open in less than eight minutes, creating a “camera lens-like” effect

• The floor-to-ceiling window to the city allows fans the opportunity to connect with the downtown landscape and skyline

• Every seat holder attending a game or event at the new Mercedes Benz stadium live will enjoy unique camera views via the 360-Degree HD Video Halo Board and exclusive digital content that promises to enhance the in-seat experience on event days. The board hangs from the circumference of the roof opening, allowing use with the roof open or closed

• Located on the stadiums northeast side, event day guests can enjoy an expansive creating an additional game day fan Fan Plaza 100-YARD BAR area for meeting up with friends. Fans will have the opportunity to enjoy live pre-game and post-game activities and entertainment.

FAN PLAZA UNIMPEDED VIEW OF THE CITY SEATS UP TO 75,000

FranklinSt.com 49 MAPLE PLACE APARTMENTS | ATLANTA GA MERCEDES BENZ NEW US HQ - SANDY SPRINGS MERCEDES BENZ ANNOUCED PLANS IN 2015 $93 MILLION OFFICE COMPLEX EXPECTED COMPLETITION IN 2018 FORMERLY OCCUPIED BY HISTORIC GLENRIDGE HALL

225,000 SQUARE FEET MERCEDES BENZ UNVEILS SLEEK HQ DESIGN ECONOMIC IMPACT WILL EMPLOY CLOSE TO 800 TO 1,000 EMPLOYEES “ONE OF THE MOST RECOGNIZED AUTOMOTIVE BRANDS WORLDWIDE”

“Our ambition is to be more than just a great car company - we want to be among the best companies in the world, and Atlanta will serve as the perfect foundation to foster that ambition for the future. We are looking forward to call Atlanta home.” - Stephen Cannon, CEO

FranklinSt.com 50 MAPLE PLACE APARTMENTS | ATLANTA GA TRANSPORTATION Atlanta’s transportation infrastructure comprises a complex network that includes a heavy rail subway system, a streetcar line, multiple interstate highways, the world’s busiest airport, and over 45 miles of bike paths. HIGHWAYS With a comprehensive network of freeways that radiate out from the city, automobiles are the dominant mode of transportation in the region. Three major interstate highways converge in Atlanta: I-20 (east-west), I-75 (northwest-southeast), and I-85 (northeast- southwest). The latter two combine in the middle of the city to form the Downtown Connector (I-75/85), which carries more than 340,000 vehicles per day. Atlanta is mostly encircled by Interstate 285, a beltway locally known as “the Perimeter” that has come to mark the boundary between “Inside the Perimeter” (ITP), the city and close-in suburbs, and “Outside the Perimeter” (OTP), the outer suburbs and exurbs. HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORT AIRPORTS • Hartsfield–Jackson Atlanta International Airport (ATL) is located seven miles south of the central business district of Atlanta and has served as a key engine of Atlanta’s economic growth. It has been the world’s busiest airport by passenger traffic since 1998, and by number of landings and take-offs since 2005. Hartsfield–Jackson held its ranking as the world’s busiest airport in 2012, both in passengers and number of flights, by accommodating 95 million passengers (more than 260,000 passengers daily) and 950,119 flights. Many of its nearly one million flights originate within the United States, where Atlanta serves as a major hub for travel throughout the Southeastern United States. The airport has 207 domestic and international gates and offers international service to North America, South America, Central America, Europe, Asia and Africa. • Peachtree DeKalb Airport is a county owned, public use airport in DeKalb County, just northeast of Atlanta. It has one airline service with Southern Airways Express. PUBLIC TRANSPORTATION • The Metropolitan Atlanta Rapid Transit Authority or MARTA is the principal rapid-transit system in the Atlanta metropolitan area. It is the eighth-largest rapid transit system in the United States by ridership. MARTA operates a network of bus routes linked to a rapid transit system consisting of 48 miles of rail track with 38 train stations in Fulton, Clayton and DeKalb counties, with bus service to Six Flags Over Georgia and the Cumberland Transfer Center next to the Cumberland Mall, in addition to a single rail station in Clayton County at Hartsfield-Jackson Atlanta International Airport. The average total daily ridership for the system (bus and rail) is 415,600 passengers.

• The Atlanta Amtrak Station is served by the Crescent passenger train and is located in the Brookwood section of town between and Midtown. • Providing last mile connectivity to MARTA and other transit services, the Atlanta Streetcar is a major component in the evolution of Atlanta as a hub for commerce. The initial section that opened for use in December 2014 offers last mile connectivity to the city center for MARTA, the Atlanta BeltLine and other transit options, and additional phases will expand that service even further.

• Buckhead Uptown Connection (Buc) is a free a community shuttle service designed to provide connections between Atlanta’s regional rail system, MARTA, and local destinations for Buckhead’s workforce. With a primary focus on commuter travel, “the buc” provides connections between MARTA rail and area offices, hotels and shopping destinations.

• Xpress Bus is a regional public transportation service provided by the Georgia Regional Transportation Authority (GRTA) that gives commuters throughout the metro Atlanta region a valuable transportation option, and improves the capacity of Georgia’s most congested highways. Xpress Bus offers 33 routes in 12 metro Atlanta counties and carries more than 2 million passenger trips annually to and from major employment centers in Downtown, Midtown, Buckhead and .

FranklinSt.com 51 Sources: Metro Atlanta Chamber; Atlanta Regional Commission; City of Atlanta; Atlanta Convention & Visitors Bureau MAPLE PLACE APARTMENTS | ATLANTA GA AREA OVERVIEW

Metro Atlanta is the Economic Engine for the Southeast Encompassing $304 billion in gross domestic product that is forecasted to grow to $474 billion by 2040, the Atlanta metropolitan area is the eighth-largest economy in the country and 17th- largest in the world. Corporate operations comprise a large portion of the Atlanta’s economy, with the city serving as the regional, national, or global headquarters for many corporations. Atlanta contains the country’s third largest concentration of Fortune 500 companies, and the city is the global headquarters of corporations such as The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, UPS, and Newell-Rubbermaid. Over 75 percent of Fortune 1000 companies conduct business operations in the Atlanta metropolitan area, and the region hosts offices of about 1,250 multinational corporations. Many corporations are drawn to Atlanta on account of the city’s educated workforce; as of 2010, nearly 43% of adults in the city of Atlanta have college degrees, compared to 27% in the nation as a whole. 9th Largest MSA in the United States The region is comprised of 29 counties in North Georgia, making it the ninth largest metropolitan statistical area, or MSA, in the United States. Atlanta’s economy is considered diverse with dominant sectors including logistics, professional and business services, media operations, and information technology. The metro Atlanta region is home to more than 5.3 million people and nearly 150,000 businesses, a world-class airport, multiple parks and green space, competitive schools and numerous amenities for entertainment, sports and restaurants that all offer a top-tier quality of life. Metro Atlanta Offers an Exceptionally High Quality of Life at a Comparatively Low Cost A lower cost of living in Atlanta for major expenses like housing, clothing, food and gasoline has helped to keep the region’s cost of living below the U.S. average, and well below those of most major metropolitan areas. In 2013, the cost of living in Atlanta Georgia index averaged 95.3, below the national average of 100 (C2ER Cost of Living Index, 2013). Its quality of life and lower costs have not gone unnoticed: since 2000, metro Atlanta has grown by more than 1.1 million people – a 26 percent increase in 12 years.

Source: Metro Atlanta Chamber

FranklinSt.com 52 Maple Place Demographics Apartments

FranklinSt.com MAPLE PLACE APARTMENTS | ATLANTA GA DEMOGRAPHICS

POPULATION 1 Mile 3 Miles 5 Miles MEDIAN HOUSEHOLD INCOME 1 Mile 3 Miles 5 Miles Estimated Population (2016) 22,999 155,771 381,417 Estimated Median Household Income (2016) $63,271 $66,762 $63,496 Projected Population (2021) 24,550 165,671 408.032 Projected Median Household Income (2021) $69,617 $73,501 $69,584 Census Population (2010) 19,572 137,469 334,099 Census Median Household Income (2010) $54,176 $56,117 $52,729 Census Population (2010) 17,206 126,614 327,636 Census Median Household Income (2000) $41,233 $44,078 $43,453 Projected Annual Growth (2016-2021) 1,551 (1.3%) 9,960 (1.3%) 26,516 (1.4%) Projected Annual Change (2016-2021) $6,346 (2.0%) $6,739 (2.0%) $6,089 (1.9%) Historical Annual Growth (2010-2016) 3,427 (2.9%) 18,242 (2.2%) 47,318 (2.4%) Historical Annual Change (2000-2016) $22,038 (3.3%) $22,684 (3.2%) $20,043 (2.9%) Historical Annual Growth (2000-2010) 2,366 (1.4%) 10,855 (2.2%) 47,318 (2.4%) PER CAPITA INCOME Estimated Population Density (2016) 7,324 psm 5,509 psm 4,858 psm Estimated Per Capita Income (2016) $53,917 $46,587 $40,996 Trade Area Size 3.1 sq mi 28.3 sq mi 78.5 sq mi Projected Per Capita Income (2021) $60,859 $52,765 $45,852 HOUSEHOLDS Census Per Capita Income (2010) $47,555 $39,563 $34,448 Census Per Capita Income (2000) $32,773 $27,081 $25,578 Estimated Households (2016) 13,233 75,946 177,194 Projected Annual Change (2016-2021) $6,942 (2.6%) $6,178 (2.7%) $4,856 (2.4%) Projected Households (2021) 13,943 80,316 187,738 Historical Annual Change (2000-2016) $21,145 (4.0% $19,506 (4.5%) $15,417 (3.8%) Census Households (2010) 11,088 64,908 151,135 Estimated Average Household Net Worth (2016) $606,342 $661,416 $619,699 Projected Annual Growth (2016-2021) 710 (1.1%) 4,370 (1.2%) 10,545 (1.2%) Historical Annual Change (2000-2016) 3,663 (2.4%) 19,332 (2.1%) 40,073 (18) AVERAGE HOUSEHOLDS INCOME Estimated Average Household Income (2016) $96,071 $100,558 $85,667 Projected Average Household Income (2021) $113,949 $119,971 $100,956 Maple Place Census Average Household Income (2010) $86,540 $87,169 $74,254 Census Average Household Income (2000) $63,913 $64,072 $59,589 Projected Annual Change (2016-2021) $17,878 (3.7%) $19,413 (3.9%) $15,289 (3.6%) Apartments Historical Annual Change (2000-2016) $32,157 (3.1%) $36,486 (3.6%) $26,078 (2.7%)

FranklinSt.com 54 DEMOGRAPHICS

5 Mile

3 Mile

1 Mile Maple Place About Franklin Street Apartments

FranklinSt.com ABOUT US

Franklin Street and our family of full-service companies are committed to providing supreme advisory services for our clients through the collaboration of each member in our team of professionals. By embracing technology, efficient processes, and the development and recruitment of top-level employees, we are able to deliver precise and accurate information to help clients make the most successful decisions throughout real estate, capital, insurance, and management ventures.

VALUATION ADVISORY

We provide valuation, litigation, and consultation services for all property types, with a focus on commerical real estate. Our clients value our extensive market knowledge, long term relationships with key market participants, superior analytics, and comprehensive data. We are dedicated to providing our clients with the highest level of professionalism, competence, experience, attention to detail, and communication throughout the length of each assignment.

INVESTMENT SALES We generate positive results through expert knowledge of the specific real estate and capital markets that impact income-producing assets. By combining skilled financial analysis with the latest and most accurate valuation methods, our research team provides the vital data essential to making wise investment decisions. From that analysis, we structure and execute precise solutions for each phase of ownership—all designed to increase value, and deliver maximum benefits to the asset owner.

TENANT REPRESENTATION Our group partners closely with retail and office and industrial clients to create, implement, and deliver a strategic plan for space development and optimal market positioning. Our team executes this program in an aggressive, yet fiscally responsible manner, in which our clients’ growth objectives and financial goals are at the forefront. The key to our success is a deep understanding of each client’s CAPITAL ADVISORY

In any real estate transaction, securing capital is one of the primary drivers for a successful investment. Our team specializes in debt and equity placement through extensive lender relationships with CMBS, Life, Agency, Bridge, Mezzanine, and JV Equity Investors. Our team utilizes today’s most current market information to provide timely and precise statistics for each client, resulting in aggressive loan terms and a high assurance to close.

INSURANCE SERVICES Our insurance group is exclusively positioned to serve clients with an in-depth knowledge of the property and casualty challenges, and opportunities, faced by property owners today. This knowledge, paired with access to top regional and national carriers, allows us to develop personalized strategies and the best risk management options available for each client’s unique financial situation.

MANAGEMENT SERVICES

Our comprehensive services, coupled with deep market knowledge and the expertise of our staff, provides us the ability to provide innovative and custom solutions to maximize performance for each asset no matter what the condition. Our management group utilizes industry-leading software streamlining the financial and operational performance of multifamily, commercial , and office and industrial properties.

FranklinSt.com 57 ATLANTA MULTIFAMILY INVESTMENT SALES

Franklin Street Real Estate Services’ investment sales division specializes in efficient WHAT WE DO transaction management, helping identify buyers’ and sellers’ needs. By operating from the Franklin Street Real Estate Services delivers positive results and enhanced value for clients perspective of an investor, our team combines in-depth analysis of each asset—including by assisting commercial and multifamily property owners and tenants of all sizes with their cash flow models and anticipated returns—with current valuation methods to provide the real estate choices. information needed to make the most profitable investment decisions.

STRATEGIC PLANNING AND ADVISORY SERVICES The strategic phase of the real estate process offers the greatest opportunity to maximize cost savings and generates lasting benefits. Beginning with an understanding of your business goals and objectives, our investment sales division formulates, and delivers, targeted and customized solutions designed specifically to meet your financial objectives. Our process is straightforward: validating your need, formulating solutions, and providing a program for implementation.

ACQUISITIONS AND DISPOSITIONS Franklin Street Real Estate Services will work with you throughout all property acquisition

and disposition stages to ensure optimal financial results are achieved. By incorporating Atlanta expert financial analysis with the most-accurate valuation methods, our research team will

provide you with vital data essential to your investment decisions. Our process is based Jacksonville on comprehensive market knowledge, creative and effective marketing strategies, an TRANSACTIONS COMPLETED ACROSS extensive client database, and current technology applications streamlining the process Tampa, Corporate Headquarters Ft. Lauderdale and increasing speed to market. 45 STATES Miami TRANSACTION MANAGEMENT Effective transactions reduce acquisition and operating expenses, establish a competitive COMBINED EXPERIENCE OF 160 + YEARS advantage, and provide necessary flexibility. Our methodology includes a comprehensive examination of the transaction at hand followed by a detailed analysis of the process. This WITH BILLIONS OF DOLLARS platform provides our clients with upfront strategies yielding the greatest financial and IN MULTIFAMILY & COMMERCIAL SALES operational results with the fewest hassles.

58 FranklinSt.com NAME | ATLANTA GA THE FRANKLIN STREET TEAM LISTING TEAM SUPPORT TEAM Atlanta

Jake Reid Ricky Jones Roger Schoerner Greg Matus Jennifer Taylor Steve Bennett Senior Director Director Associate Senior Vice President Transaction Manager Senior Director Multifamily Investment sales Multifamily Investment sales Multifamily Investment Sales Investment Sales Multifamily Investment Sales Capital Markets [email protected] [email protected] [email protected] O: 404.832.1250 ext. 404 O: 404.832.1250 ext. 420 O:404.832.1250 ext. 410

Atlanta 3384 Peachtree Road NE Suite 650 Atlanta, GA 30326 Phone: 404.832.1250 Fax: 404.842.1755 Michael Shadeed Paul Ciura Jenny Blevins Director Senior Director Marketing Coordinator Insurance Graphic Design/IT Manager OUR OFFICES Tampa HQ Jacksonville FT. Lauderdale Miami Key West Orlando 600 N. Westshore Blvd. 7751 Belfort Parkway 1200 S. Pine Island Road 6205 Blue Lagoon Drive 422 Fleming Street 390 N. Orange Ave Suite 600 Suite 110 Suite 375 Suite 280 Suite 7 Suite 2300 Tampa, FL 33609 Jacksonville, FL 32256 Plantation, FL 33324 Miami, FL 33126 Key West, FL 33040 Orlando, FL 32256 Phone: 813.839.7300 Phone: 904.271.4120 Phone: 786.292.3188 Phone: 786.292.3188 Phone: 813.915.1569 Phone: 407.458.5400 Fax: 813.839.7330 Fax: 904.899.5890 Fax: 954.640.1101 Fax: 786.269.2318 Fax: 813.839.7330 Fax: 407.264.8160

FranklinSt.com 59