846 BRIARCLIFF ROAD , GA

OFFERING MEMORANDUM TOURS AVAILABLE UPON REQUEST, PLEASE DO NOT DISTURB TENANTS1 846 BRIARCLIFF ROAD Atlanta, GA

CONNOR KERNS AUSTIN GRAHAM Senior Associate, Multifamily Senior Associate, Multifamily

+1 (404) 445-1090 +1 (404) 445-1091 [email protected] austin,[email protected] License No. SL3417384 (FL) License No. 408272 (GA)

DAVID HARRINGTON EVP & Managing Director, Multifamily

+1 (310) 295-1170 [email protected] License No. 01320460 (CA)

KYLE MATTHEWS Broker of Record License No. 67120 (GA)

2 PROPERTY AREA FINANCIAL OVERVIEW OVERVIEW OVERVIEW 4 10 20 846 BRIARCLIFF ROAD Atlanta, GA

PROPERTY OVERVIEW

4 OPPORTUNITY MatthewsTM Real Estate Investment Services is proud to offer 846 Briarcliff Rd. located in the Virginia Highlands in Atlanta, . This 6-unit apartment building presents an opportunity for an investor to purchase an asset in one of the top emerging markets in the . Tenants appreciate and enjoy the quiet residential neighborhood, while still being located near as well as all of Atlanta’s main attractions. Located walking distance to many parks, restaurants, and The Atlanta Beltline .

This property consists of a desirable and unique unit mix of (2) Studio, (3) One Bedroom/One Bathroom, and (1) Three Bedroom/Two Bathroom Units. This offering presents the opportunity for an investor to purchase an asset in an extremely high demand rental market that still has tremendous growth potential with the opportunity to recapture a significant upside percentage in rental rates.

PROPERTY DESCRIPTION

• 6 Units, Built in 1930 • Walk Score: (85) Very Walkable

• Gross Building Square Footage of 8,932 SF • Transit Score: (43) Some Transit

• Consists of (2) Studio, (3) One Bedroom/One Bathroom, and (1) Three • Significant Capital was spent on Mold Mitigation last year. Bedroom/Two Bathroom Units. • Capital Improvements made to the property as necessary. • Lot Size: .30 Acres • New Roof – 2 years old • Density: 20 Units/AC • Brand New Downspouts & Drainage – Significant Cap Ex Expense. • 7 Free Surface Parking Spaces Available in the back of the property. • 90% PVC Piping • APN: 15-241 -03-014 • Copper Wiring – Replaced all Fuse Boxes with Breaker Boxes. • Zoning: RM100 • All Units have Smoke Detectors & Fire Extinguishers • Masonry Construction • HVAC: Window Units • Building Height: 27’

5 846 BRIARCLIFF RD

6 7 8 9 846 BRIARCLIFF ROAD Atlanta, GA

AREA OVERVIEW

10 ATLANTA Atlanta is the capital of and the most populous city in the U.S. state of entertainment. It ranks 36th among world cities and 8th in the nation Georgia, the cultural and economic center of the Atlanta metropolitan with a gross domestic product of $270 billion. Atlanta’s economy area, and the ninth-largest metropolitan area in the United States. is considered diverse, with dominant sectors including logistics, Atlanta has a diversified economy with healthy concentrations in professional and business services, media operations, and information transportation/logistics, media, information technology, entertainment, technology. tourism, financial services, government, and education and healthcare. Atlanta is home to 30 headquarters of Fortune 500/1000 companies. In Atlanta is home to professional franchises for three major team sports: fiscal year 2019, these 30 companies generated an aggregate revenue the Atlanta Braves of Major League Baseball, the Atlanta Hawks of the of $438 billion. National Basketball Association, and the Atlanta Falcons of the National Football League. Due to the more than 30 colleges and universities Atlanta is an “alpha-” or “world city”, exerting a significant impact upon located in the city, Atlanta is considered a center for higher education. commerce, finance, research, technology, education, media, art, and

25 #1 #1 FORTUNE 500/1000 HEADQUARTERS MOST-TRAVELED AIRPORT IN THE WORLD BEST STATE FOR DOING BUSINESS

POPULATION 1-MILE 3-MILE 5-MILE 2026 Projection 19,053 179,203 452,356 2021 Estimate 18,530 170,098 429,542 846 BRIARCLIFF RD 2010 Census 18,023 138,505 347,091 Growth 2021-2026 0.6% 1.1% 1.1% Growth 2010-2021 0.3% 2.1% 2.2% HOUSEHOLDS 1-MILE 3-MILE 5-MILE 2026 Projection 9,900 87,788 206,196 2021 Estimate 9,689 83,309 195,732 2010 Census 9,830 68,277 159,221 Growth 2021-2026 0.4% 1.1% 1.1% Growth 2010-2021 0.2% 1.7% 1.7% HOUSEHOLDS 1-MILE 3-MILE 5-MILE Average HH Income $144,571 $126,867 $117,283 11 #8 BEST CITY IN THE SOUTH - Southern Living, “The South’s Best Cities, 2020”

ATLANTA TOURISM Atlanta is the most-visited destination in the state of Georgia. Atlanta offers lots of tourist attractions such as the , the World of Coca-Cola, the , and many more. Atlanta also hosts several annual food, film, and music festivals each season. Atlanta is known for its fabulous shopping malls. Shopping centers ATLANTA BRAVES such as with 250 stores, with 158 stores, and Cumberland Mall with 143 stores all make (Major League Baseball) Atlanta a shopaholic’s paradise. Atlanta is also home to five professional sports teams: Atlanta Hawks, Atlanta Falcons, Atlanta United FC, Atlanta Braves, and Atlanta Thrashers. Over 50 million people visit Atlanta annually.

ATLANTA FALCONS (National Football League)

ATLANTA HAWKS (National Basketball Association)

ATLANTA EVENTS Atlanta celebrates various events and festivals each year. Food festivals include the Beer, Bourbon, and BBQ Festival in the spring, the Atlanta Food and Wine Festival in the summer, the Atlanta Greek Festival in the fall, and the Oysterfest in the winter. Music and film festivals include the Shaky Knees Music Festival in the spring, the Tunes from the Tombs at Historic Oakland Cemetery in the summer, the Imagine Music Festival in the fall, and the Atlanta Jewish Film Festival ATLANTA UNITED FC in the winter. (Major League Soccer)

12 MUSEUMS & ART

A MLK JR. NATIONAL HISTORIC PARK

B

C

D NATIONAL CENTER FOR HUMAN RIGHTS H

E FERNBANK MUSEUM 846 BRIARCLIFF RD F D G JIMMY CARTER LIBRARY AND MUSEUM E H A B TO DO J I A H C NATIONAL RECREATION AREA K B ATLANTA BOTANICAL GARDEN I MERCEDES BENZ STADIUM B C ATLANTA BELTLINE J SKYVIEW ATLANTA D H F D A E TRUIST PARK C B E H F PARK D F C G ATLANTA ZOO I E D G SHOPPING J A

ATLANTA HAWKS A CUMBERLAND MALL I STATION G (National Basketball Association) B ROSWELL-WIEUCA CENTER J

C BRIARCLIFF SHOPPING CENTER K LENOX SQUARE

D FARMERS MARKET F

E EDGEWOOD RETAIL DISTRICT

F

G THE DISTRICT AT HOWELL MILL

H TOCO HILLS SHOPPING CENTER Area Overview 13 13 GLOBAL HEADQUARTERS ATLANTA ECONOMY Metro Atlanta is recognized as an international gateway and the economic engine of the Southeast. As the largest economy of all metros in the region, metro Atlanta offers diverse businesses and services, with dominant sectors including logistics, professional and business services, media operations, and information technology. ACCORDING TO INVEST ATLANTA, 1.9M JOBS ARE TO BE CREATED BY 2040 AND THE RESIDENT POPULATION WILL INCREASE TO 1.5M BY 2050.

Encompassing $304 billion, the Atlanta metropolitan area is the eighth-largest economy in the country and 17th-largest in the world. HOME TO 26 OF AMERICA’S LARGEST CORPORATIONS (FORTUNE 1000) AND 220 OF THE NATION’S FASTEST-GROWING PRIVATE COMPANIES (INC. 5000), metro Atlanta is a premier location for regional and global headquarters. In fact, Atlanta contains the country’s third-largest concentration of Fortune 500 companies. 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.

Metro Atlanta is a thriving ecosystem for entrepreneurs and new businesses. In 2017, ATLANTA WAS NAMED A RUNNER-UP TO THE TOP 20 TECH STARTUP ECOSYSTEMS GLOBALLY AND ONE OF THE TOP 10 CITIES FOR CORPORATE INNOVATION. There is an abundance of creative energy, talent, and entrepreneurial spirit in metro Atlanta. Many companies choose metro Atlanta to locate their innovation centers. #1 METRO AREA TECH HUB Atlanta is home to more than 64 accredited universities, colleges, and technical schools. Atlanta is home - Business Facilities, “2020 Metro Rankings Report” to three national universities which together account for approximately 100,000 in students, faculty, and staff. THE COLLEGES AND UNIVERSITIES IN THE ATLANTA REGION CREATE OVER 130,000 JOBS FOR THE STATE OF GEORGIA AND HAVE HIGH CONTRIBUTIONS TO THE STATE’S ECONOMY. According to the Metro Atlanta Chamber of Commerce, Atlanta is a national leader in attracting college-educated 25 to 34-year-olds to the region.

14 TECHNOLOGY Atlanta is home to world-class technology community – from startups to FORTUNE 500 companies with strengths in FinTech, cybersecurity, IoT/mobile, health IT, digital media, and MAJOR EMPLOYERS supply chain. Headquartered in Atlanta’s Technology Square, the Advanced Technology Development Center (ATDC) is a startup incubator at Georgia Tech that helps technology COMPANY # OF EMPLOYEES entrepreneurs in Georgia launch and build successful companies. ATDC serves as the hub for 34,500 technology entrepreneurship in Georgia. ATDC Select is a three-year incubator program for high potential technology companies. In addition, ATDC provides services open to all technology / 32,091 entrepreneurs in Georgia. According to Forbes, ATDC is one of the twelve business incubators The Home Depot 16,510 changing the world.

Northside Hospital 16,000

Piedmont Healthcare 15,900

Publix Super Markets 15,591

SUPPLY CHAIN & ADVANCED MANUFACTURING WellStar Health Systems 15,353 Atlanta is the global logistics hub for the Southeast with an extensive intermodal network of air, road, rail, and port. Atlanta ranks 5th in the nation for metro area transportation and logistics The Kroger Co. 15,000 employment and is the 6th largest U.S. industrial real estate market. Strengths include supply AT&T 15,000 chain management software, distribution services, food processing, aerospace, and automotive. UPS 14,594

#1 METRO AREA TECH HUB Marriot International 12,000 - Business Facilities, “2020 Metro Rankings Report” Children’s Healthcare of Atlanta 9,000

Cox Enterprises 8,894 #3 BEST CITY FOR YOUNG ENTREPRENEURS Center for Disease Control and - Forbes 8,403 Prevention (CDC)

The Coca-Cola Company 8,000 #4 METRO AREA FOR STEM PROFESSIONALS - WalletHub, 2020 Source: Metro Atlanta Chamber

#13 BEST PLACES FOR BUSINESS & CAREERS - Forbes 15 DULUTH ASBURY AUTO GROUP PRIMERICA DUNWOODY UPS WORLD HQ KENNESAW subject NEWELL BRANDS AARONS HQ property WESTROCK VERITIV COPORATE VINNINGS NORTH BUCKHEAD BEAZER HOMES HOME DEPOT HQ PULTEGROUP GLOBAL PAYMENTS INC GRAY TELEVISION INC

ATLANTA CUMBERLAND THE COCA COLA HQ GENUINE PARTS COMPANY SOUTHERN COMPANY GRAPHIC PACKAGING INTERNATIONAL, LLC NCR GLOBAL HQ INTERCONTINENTAL EXCHANGE AGCO CORPORATION HD SUPPLY DEVELOPMENT CENTER FLEETCOR TECHNOLOGIES BLUELINX CORPORATION CARTER’S HQ FLOOR & DECOR HOLDINGS EQUIFAX ACUITY BRANDS INC ROLLINS INC

HAPEVILLE DELTA AIRLINES

16 16 McIntosh Village #3 CITY FOR WORK-FROM-HOME CONDITIONS #3 METRO AREA FOR CORPORATE HEADQUARTERS - Site Selection Group, “2020 Tech City Ranking Report” - Business Facilities, “2020 Metro Rankings Report”

#5 METRO AREA FOR ANNUAL JOB GROWTH #6 METRO AREA FOR STARTUP ECOSYSTEM - Metro Atlanta Chamber analysis of U.S. Bureau of Labor Statistics, 2020 - Business Facilities, “2020 Metro Rankings Report”

ECONOMIC DEVELOPMENTS

COMMON TO OPEN SECOND HEADQUARTERS BOSTON CONSULTING GROUP EXPANSION Common, one of the nation’s leading residential brands and operators of Boston Consulting Group (BCG), one of the world’s leading management multifamily properties for renters, is planning on opening its second regional consulting firms, is expanding the company’s Atlanta Business Services Center. headquarters in Atlanta. The $7 million investment will create 274 additional The $18 million investment will add nearly 60,000 square feet of space to the jobs in the Atlanta metro area. current Nexus office in Atlanta and bring 331 new jobs to Fulton County.

KAINOS TO OPEN NORTH AMERICAN SALES & IT OFFICE IN ATLANTA Kainos, a UK-based software company, is planning on opening a North America sales and IT office in the Buckhead district of Atlanta. The $1.2 million investment will bring around 137 jobs to Fulton County.

17 EMORY UNIVERSITY Founded in 1836, Emory University is a private research university near downtown Atlanta. As of Fall 2019, over 15,400 students attend the university. The university offers over 70 undergraduate programs and over 40 Ph.D. programs. Emory University is known for being the home of the largest and most comprehensive healthcare system in the state of Georgia. Emory Healthcare is affiliated with healthcare institutions such as the and the Center for Disease Control and Prevention.

The Emory University Eagles participate in 8 men’s sports and 9 women’s sports. All varsity level sports teams play at the NCAA Division III level as a member of the University Athletic Association. The Eagles have won a total of 206 UAA team championships and ENROLLMENT a total of 27 Division III national championships. • ±15,400 Students & ±3,501 Full-Time Faculty In the fiscal year 2019, Emory University supported 92,000 jobs in Georgia. In the last 6 • 30.2% Regular Full-Time Tenured/Tenure-Track Faculty years, the university has tackled $1.4 billion in capital projects. Emory University had a • 153,000 + Graduates $14.8 billion economic impact in metro Atlanta and a $9.62 billion economic impact on the state of Georgia in 2019.

Emory University broke ground on a new research facility in 2019, the Health Sciences Research Building II. The facility will be funded in part from a $400 million gift from QUICK FACTS the Robert W. Woodruff Foundation. It will feature core research functions including • $831 Million – Research Funding Awarded in FY 2020 advanced imaging, flow cytometry, a biorepository for storing biological material, genomics and other state-of-the art technologies. Planned completion in April 2022. • 50+ Major Research/Education Centers & Partnerships • 1,600+ Active Technology Innovations • 159+ Research Partnerships Abroad HEALTH SCIENCES RESEARCH BUILDING II • Over $600 million - Research Awards Brought to Georgia

RANKINGS (U.S. NEWS & WORLD REPORT, 2021) • #21 in National Universities • #23 in Best Value Schools • #25 in Best Undergraduate Teaching

18 ENROLLMENT • ±40,000 Students & ±1,018 Full-Time Faculty • 166,000 + Alumni

GEORGIA INSTITUTE OF TECHNOLOGY Founded in 1885, the Georgia Institute of Technology is a public research university located in Atlanta. As of Fall 2020, around 40,000 students attend Georgia Tech. The QUICK FACTS university offers over 36 undergraduate and 77 graduate degrees across its six colleges. • Georgia Tech is one of the South’s largest industrial and engineering research agencies. The Georgia Tech Yellow Jackets participate in 8 men’s sports and 7 women’s sports. All • Georgia Tech plays a leading role in the Georgia varsity level sports teams play at the NCAA Division I level as a member of Research Alliance, a centerpiece of the state’s economic Coast Conference. The Yellow Jackets have won 4 national football championships. development strategy. • Research is conducted for industry and government In 2018, Georgia Tech supported over 27,000 jobs in the metro Atlanta area and had by the Georgia Tech Research Institute, various an economic impact of $3.3 billion for that year. In the fiscal year 2019, research and academic schools and departments, and more than 100 development attracted over a billion dollars in grants, contracts, and other awards interdisciplinary research units. QUICK FACTS from federal government agencies, companies, and private organizations. During • $831 Million – Research Funding Awarded in FY 2020 • More than 700 businesses, industries, and organizations the same year, the university filed for 87 U.S. patent applications and 55 licenses for throughout the U.S. and abroad employ Georgia Tech co- • 50+ Major Research/Education Centers & Partnerships intellectual property. Over 300 startup companies have been created due to Georgia op students and interns each year. • 1,600+ Active Technology Innovations Tech inventions. Georgia Tech lives up to its motto of “Progress and Service”. • The Advanced Technology Development Center (ATDC) • 159+ Research Partnerships Abroad is recognized by Forbes magazine as one of the 12 incubators “changing the world”. Founded in 1980, ATDC • Over $600 million - Research Awards Brought to Georgia is the oldest incubator in the U.S. with more than $2 billion raised by 150 graduates.

RANKINGS (U.S. NEWS & WORLD REPORT, 2021) • #4 in Most Innovative Schools • #4 in Best Undergraduate Engineering Programs • #8 in Top Public Schools

19 846 BRIARCLIFF ROAD Atlanta, GA

FINANCIAL OVERVIEW

20 INVESTMENT SUMMARY

846 Briarcliff Rd Atlanta, GA 30306 Number of Units: 6

Year Built: 1930

APN: 15-241 -03-014

Gross Sq. Ft.: 8,932

Average S.F. Per Unit: 1,489

Lot Size (Acres): 0.30

Density: 20

CURRENT MARKET List Price Price/Unit Price/Foot Cap Rate GRM Cap Rate GRM

$1,517,500 $252,917 $169.89 5.05% 11.80 5.70% 10.71

UNIT MIX & SCHEDULED INCOME

Total Unit Unit Mix Avg. Avg. Rent Current Current Market Market Rent Market Units Mix % SQFT P.S.F Avg Rent Monthly Rent Rent P.S.F. Monthly Rent

2 Studio 33% 700 $1.53 $1,073 $2,145 $1,300 $1.86 $2,600

3 1+1 50% 1,050 $1.32 $1,387 $4,160 $1,550 $1.48 $4,650

1 3+2 17% 2,100 $1.43 $3,000 $3,000 $3,150 $1.50 $3,150 Scheduled Monthly Rent: $9,305 $10,400

Scheduled Yearly Rent: $111,660 $124,800 21 ANNUAL OPERATING SUMMARY

Current Market Scheduled Gross Income: $111,660 $124,800 12% Upside Less Bad Debt: $0 $0 Less Vacancy Reserve: $5,583 5.0% $6,240 5.0% Laundry Income: $0 $0 RUBS Income: $16,920 $16,920 Gross Operating Income: $122,997 $135,480 Expenses: $46,358 41.5% $48,933 39.21% * Net Operating Income: $76,639 $86,547 Loan Payments: $57,848 $57,848 Pre-Tax Cash Flow: $18,791 4.4% $28,699 6.67% ** Plus Principal Reduction: $21,218 $21,218 Total Return Before Taxes: $40,010 9.29% $49,917 11.60% ** * As a percent of Scheduled Gross Income ** As a percent of Down Payment Laundry & Other income are 2016 Actual

FINANCING DEBT QUOTE LTV: 75.00% Loan quote provided by RATE: 3.25-3.50% Loan Amount $1,087,000 Terms: 30 Matthews™ based on market conditions at this time. Actual AMORTIZATION: 30 Down Payment 28% $430,500 Interest: 3.4% rates and terms will vary based on market conditions at closing. JACKSON DAILY Yearly Pmt $57,847.69 Monthly Pmt: $4,821 (949) 873-0272 [email protected] Debt Coverage 1.28

22 PRO FORMA ANNUAL OPERATING EXPENSES

Pro Forma Estimates % of SGI Current Per Unit Market Per Unit % of SGI

Property Taxes 4.325% x Sale Price x 40% 12.24% $15,058 $2,510 $19,690 $3,282 15.8%

Off-Site Management 4.0% x GOI 0.00% $0 $0 $4,920 $820 3.9%

Insurance $0.40 x GSF 3.66% $4,500 $750 $3,573 $595 2.9%

Reserves $200 x Units 0.00% $0 $0 $1,200 $200 1.0%

Repairs & Maintenance $500 x Units 7.72% $9,500 $1,583 $3,000 $500 2.4%

Turnover $200 x Units 0.00% $0 $0 $1,200 $200 1.0%

Landscaping $150 x Units 1.95% $2,400 $400 $900 $150 0.7%

Pest Control $25 x Units 0.00% $0 $0 $150 $25 0.1%

Utilitites - Gas Actual 2020 1.30% $1,600 $267 $1,600 $267 1.3%

Utilitites - Electric Actual 2020 3.66% $4,500 $750 $4,500 $750 3.6%

Utilitites - Water/Sewer Actual 2020 5.94% $7,300 $1,217 $7,300 $1,217 5.8%

General Administrative $150 x units 0.00% $0 $0 $900 $150 0.7%

Advertising Actual 2020 0.24% $300 $50 $0 $0 0.0%

Miscellaneous Actual 2020 0.98% $1,200 $200 $0 $0 0.0%

Total Expenses 37.69% $46,358 $7,726 $48,933 $8,156 39.2%

Current Per Unit % of SGI

Non-controllable expenses: Taxes, Ins., Reserves: $19,558 $3,260 17.5%

Total Expense without Taxes $31,300 $5,217 28.03%

23 RENT ROLL

# Unit Mix Rent S.F Market Rent

1 100 1+1 $1,475 1,100 $1,550

2 101 Studio $1,050 700 $1,300

3 102 1+1 $1,390 950 $1,550

4 103 3+2 $3,000 2,100 $3,150

5 104 Studio $1,095 700 $1,300

6 105 1+1 $1,295 1,100 $1,550

TOTALS $9,305 6,650 $10,400

AVERAGES $1,551 1,108 $1,733

24 DOWNTOWN ATLANTA

INMAN PARK

PONCE CITY MARKET MIDTOWN PLACE SHOPPING MALL SHOPPING MALL ANTHROPOLOGIE BILTONG BAR MIDTOWN PROMENADE BOMBCHEL MIDTOWN DISTRICT CAPSER SHOPPING MALL CHUBBIES RETAIL | DINING | ATTRACTIONS MADEWELL BLUE INDIA MAILCHIMP CAFE AGORIA ETC. THE CONSULATE DANCING GOATS ELEVENTH STREET PUB HALO LOUNGE HISTORIC FOURTH WARD KAT’S CAFE RETAIL | DINING | ATTRACTIONS THE LAWRENCE PUBLIX BANTAM PUB TACO MAC BARCELONA WINE BAR ETC. GODDESS GARDEN HAMPTON + HUDSON PLAYGROUND SKATEPARK SOUTHERN DIARIES ETC. SUBJECT PROPERTY 846 BRIARCLIFF RD N.E.

BRIARCLIFF RD N.E.

± 1.5 MILES AWAY

25 1

4 2 S

3

26 SALES COMPARABLES

Building Sale Price/ Price Per Price Per Property Name Units Year Built Sale Date Size (SF) Value Unit Ft.

846 Briarcliff Rd 6 1930 8,932 $1,517,500 $252,917 $169.89 - S Atlanta, GA 30306

1300-1312 Briarcliff Rd 24 1968 39,968 $6,550,000 $272,917 $163.88 1/29/21 1 Atlanta, GA 30306

823 N Highland Ave NE 4 1930 3,819 $1,140,000 $285,000 $298.51 3/31/21 2 Atlanta, GA 30306

1221 Euclid Ave NE 4 1920/2020 2,601 $907,143 $226,786 $348.77 5/1/21 3 Atlanta, GA 30307

838 Monroe Dr NE 4 1920 3,232 $900,000 $225,000 $278.47 6/31/2020 4 Atlanta, GA 30306

Average $252,426 $272.41

27 10 1

2 S 5 4 13 3 12 9 7 8 6 11 14

28 RENT COMPARABLES

Building Size Property Name Year Built Units Unit Mix Monthly Rent (SF)

Studio $1,073 846 Briarcliff Rd 1930 6 8,932 1+1 $1,387 S Atlanta, GA 30306 3+2 $3,000

1230 Virginia Ave NE 1956 12 10,464 1+1 $1,395 1 Atlanta, GA 30344

867 Rosedale Rd NE Studio $1,175 1930 7 3,454 2 Atlanta, GA 30306 1+1 $1,400

1005 Greenwood Ave NE 1935 4 2,982 3+1.5 $2,900 3 Atlanta, GA 30306

1006 Greenwood Ave NE 1920 8 7,920 1+1 $1,450 4 Atlanta, GA 30306

986 Greenwood Ave NE 1960 16 10,800 1+1 $1,550 5 Atlanta, GA 30306

730 Frederica St - 20 18,040 Studio $1,256 6 Atlanta, GA 30306

729 Bonaventure Ave NE 1930 12 7,554 Studio $1,150 7 Atlanta, GA 30306

Highland Club - Studio $1,107 934 Ponce De Leon Ave NE 1930 44 30,429 8 1+1 $1,514 Atlanta, GA 30306 Virginia Highlands Apartments - Studio $1,010 789 Briarcliff Rd NE 1960 33 21,836 9 1+1 $1,335 Atlanta, GA 30306 1208 Virginia Ave NE Studio $1,028 1956 12 9,722 10 Atlanta, GA 30306 1+1 $1,315

1115 Ponce de Leon Ave Studio $1,111 1920 17 17,280 11 Atlanta, GA 30306 1+1 $1,590

929 Greenwood Ave NE 1920 1 1,642 3+2 $2,850 12 Atlanta, GA 30306

935 Greenwood Ave NE 1920/2000 3 1,599 3+2.5 $3,400 13 Atlanta, GA 30306

679 Linwood Ave NE 1920/1965 3 2,802 3+2 $3,000 14 Atlanta, GA 30306

Studio $1,119 Average 1+1 $1,444 29 3+2 $2,900 CONFIDENTIALITY AGREEMENT & DISCLAIMER

This Offering Memorandum contains select information pertaining to the business and affairs located at8 46 Briarcliff Rd, Atlanta, GA 30306 (“Property”). The Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material and information in the Offering Memorandum is unverified. Matthews Real Estate Investment Services has not made any investigation, and makes no warranty or representation, with respect to square footage, income and expenses, the future financial performance of the property, future rent, and real estate value market conditions, the condition or financial prospects of any tenant, or the tenants’ plans or intentions to continue to occupy space at the property. All prospective purchasers should conduct their own thorough due diligence investigation of each of these areas with the assistance of their accounting, construction, and legal professionals, and seek expert opinions regarding volatile market conditions given the unpredictable changes resulting from the continuing COVID-19 pandemic. The information is based in part upon information supplied by the Owner and in part upon financial information obtained from sources the Owner deems reliable. Owner, nor their officers, employees, or real estate agents make any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum, or any of its content, and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Matthews Real Estate Investment Services is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee in the Offering Memorandum. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Matthews Real Estate Investment Services.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

| 30 31 | 846 BRIARCLIFF ROAD Atlanta, GA

CONNOR KERNS AUSTIN GRAHAM Senior Associate, Multifamily Senior Associate, Multifamily

+1 (404) 445-1090 +1 (404) 445-1091 [email protected] austin,[email protected] License No. SL3417384 (FL) License No. 408272 (GA)

DAVID HARRINGTON EVP & Managing Director, Multifamily

+1 (310) 295-1170 [email protected] License No. 01320460 (CA)

KYLE MATTHEWS Broker of Record License No. 67120 (GA)

| 30 31 |