Engler Financial Group is pleased to offer for sale Alexander at the Perimeter (top left photo), an upscale 380-unit midrise apartment community located in the Perimeter Center submarket of Dunwoody, Georgia.
The Property was developed in 2008 on the south side of Perimeter Center East, approximately 500 feet east of Ashford Dunwoody Road.
Alexander at the Perimeter is being offered for sale on an "unpriced" basis and represents an excellent opportunity to purchase a well-located Class "AA" apartment community in one of Atlanta’s most desirable submarkets.
Alexander at the Perimeter experienced impressive net effective rent growth throughout 2011. In fact, between March and December 2011, net rents at the Property increased 8.3% on average.
Future rent growth will be supported by continued household formation, with approximately 200,000 new households projected in Atlanta over the next five years.
Lack of new apartment construction within Atlanta’s "intown" submarkets (Midtown, Buckhead, Perimeter) coupled with strong absorption bodes well for further rent increases and lower vacancy rates going forward.
For a complete copy of the company’s flyer, please contact:
Greg Engler
CEO/President
(678) 992-2000, ext. 1
Pat Jones
Senior Vice President
(678) 992-2000, ext. 2
Kris Mikkelsen
Vice President
(678) 992-2000, ext. 4
Engler Financial Group, LLC | 1000 Windward Concourse, Suite 110 | Alpharetta, GA 30005 | www.efgus.com
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