Alta Towne Lake Apartment Community in Pooler, GA on Market for $27.2M

ATLANTA, GA--Engler Financial Group, LLC is pround to present Alta Towne Lake, (top left photo)  an upscale 312 unit garden-style Class “A” apartment community located in Pooler, Chatham County, Georgia within the Savannah MSA.


Alta Towne Lake is being offered for sale for $27,200,000 and represents an excellent opportunity to purchase a well located apartment community with attractive below market tax-exempt bond financing.

The property currently has $20,000,000 in outstanding bonds that are enhanced through a Bank of America letter of credit which matures in July 2010. Recent refinance quotes from Freddie Mac's affordable housing group indicate 10 year fixed rate enhancements in the low 5% range, which are approximately 100 basis points below current conventional financing.

Situated just off Interstate-95 and Pooler Parkway, Alta Towne Lake has outstanding proximity to major employment centers, transportation arteries,and retail shopping.

The Savannah/Hilton Head International Airport (2 miles east) and the Port of Savannah (6 miles east) are both major economic drivers in the region. The property is also strategically located within Savannah's logistics hub.

If you have any questions or would like to schedule a tour of Alta Towne Lake, please contact Greg Engler, Pat Jones or Kris Mikkelsen. We look forward to working with you on this exciting opportunity.

Contacts:

Greg Engler, 678/992-2000, ext. 1, gengler@efgus.com
 Pat Jones, 678/992-2000, ext. 2, pjones@efgus.com
 Kris Mikkelsen, 678/992-2000, ext. 4, kmikkelsen@efgus.com

Engler Financial Presents Lexington Park at Westchase in Tampa, FL

ATLANTA, GA--Engler Financial Group, LLC is proud to present Lexington Park at Westchase, (top right photo) a 400-unit class “A+” apartment community built in 2002 in Tampa, Hillsborough County, Florida.

The Property is located along the west side of Countryway Boulevard, just north of West Linebaugh Avenue within the upscale Westchase planned community.


Lexington Park at Westchase is being offered for sale on an “unpriced” basis and represents an exciting opportunity to purchase a well-located core Class “A+” multifamily community at a significant discount to new replacement cost.

The property has favorable assumable financing in-place with a $24,908,000 principal amount, May 2016 maturity date, 5.51% fixed interest rate, and “interest only” payments until June 2011

Contacts:

Greg Engler, CEO/President, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com

Charleston, SC Apartment Community Listed for $23M

ATLANTA, GA--Engler Financial Group, in conjunction with One Eleven Partners, is proud to present Sabal Palms, (top right photo)  a 300 unit class “A-” apartment community located in the West Ashley submarket of Charleston, South Carolina.

The West Ashley area of Charleston is a rapidly growing community with outstanding access to all points of the Charleston metropolitan area via several main transportation arteries.

Sabal Palms is being offered with an asking price of $23,000,000, $76,667 per unit, or $80 per square foot and represents an outstanding opportunity to purchase a stable cash-flowing asset with attractive investment returns at a deep discount to replacement cost.

The asset is being offered free and clear, providing an excellent opportunity for a new buyer to obtain attractive fixed or floating rate agency financing.

Contacts;

Greg Engler, 678/992-2000, ext. 1, gengler@efgus.com

Pat Jones, 678/992-2000, ext. 2, pjones@efgus.com

Kris Mikkelsen, 678/992-2000, ext. 3, kmikkelsen@efgus.com

Chris Yeagle, 843/471-2520, chris@111partners.com

Wood Hollow Apartments in Marietta, GA Offered at $21M

ATLANTA, GA, Aug. 31, 2009--Engler Financial Group, LLC is proud to present Wood Hollow (top right photo) , a 312 unit garden-style apartment community located off the west side of Powers Ferry Road, approximately one-quarter mile north of Windy Hill Road and one-quarter mile south of Terrell Mill Road, in Marietta, Cobb County, Georgia.

Wood Hollow is offered for sale for $21,000,000 and represents an excellent opportunity to purchase a well located class “B+" apartment community with significant “value-add renovation” potential.

Wood Hollow has undergone over $2.3 million in capital upgrades over the last five years.

In addition, further upside rent potential exists through continued renovation of the property's unit interiors.Wood Hollow is being offered debt free and represents an excellent investment opportunity with a projected cash-on-cash yield in the mid teens based on year 1 proforma.

Contacts:

Greg Engler, CEO/President, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com

Marietta, GA Apartments Offered at $21M

ATLANTA, GA--Engler Financial Group, LLC is proud to present Wood Hollow, (top right photo) a 312 unit garden-style apartment community located off the west side of Powers Ferry Road, approximately one-quarter mile north of Windy Hill Road and one-quarter mile south of Terrell Mill Road, in Marietta, Cobb County, Georgia.

Wood Hollow is offered for sale for $21,000,000 and represents an excellent opportunity to purchase a well located class “B+" apartment community with significant “value-add renovation” potential.

Wood Hollow has undergone over $2.3 million in capital upgrades over the last five years.

In addition, further upside rent potential exists through continued renovation of the property's unit interiors.

Wood Hollow is being offered debt free and represents an excellent investment opportunity with a projected cash-on-cash yield in the mid teens based on year 1 proforma.


For complete property details, please contact:


Greg EnglerCEO/President, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com

The Lakes at Vinings in Georgia Up for Sale at $34M

ATLANTA, GA-- Engler Financial Group presents The Lakes at Vinings, (top right photo) a 464-unit garden-style apartment community located in the heart of historic downtown Vinings, Atlanta, Georgia.

The Lakes at Vinings is offered at $34,000,000 and represents an exceptional “value add” and/or redevelopment opportunity in one of Atlanta’s most affluent and desirable neighborhoods.

The Lakes at Vinings offers an unparalleled location in the heart of historic downtown Vinings, one of Atlanta’s most charming and upscale neighborhoods.

Demographics within a one-mile radius of The Lakes at Vinings are some of Atlanta’s highest with an average household income of $92,619 per year and an average home value of $430,702.

All major office submarkets including Downtown (18.0 msf), Midtown (13.0 msf), Cumberland Galleria (18.0 msf), Buckhead (13.1 msf), and Central Perimeter (21.6 msf) are within a 15-minute commute of Vinings.

Adjacent to The Lakes at Vinings site, Wood Partners and The Columns Group are building Vinings Main, a 16-acre mixed-use development that includes 229 residential units ($300,000 - $1 million+), 30,000 square feet of office, and 20,000 square feet of retail.

Kairos Development is building Avignon at Vinings a 172-unit development of condos, townhomes, and single family homes with prices from $375,000 to over $1.25 million.
TAZ Anderson Realty is under construction on a 55 unit hi-rise condominium development adjacent to Lakes at Vinings.

Prices for the development are well in excess of $1 million.
One Vinings Mountain, an upscale 156-unit high-rise condominium recently sold out at prices ranging from $300,000 to over $1.8 million.

If you have any questions or would like to schedule a tour of The Lakes at Vinings, please contact

Greg Engler, CEO/President, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com

Bids Due Today on Gwinnett Place Apts. in Georgia

ATLANTA, GA--Engler Financial Group presents Gwinnett Place Apartments, (top right photo) an attractive 304-unit, Class “B+” apartment community located off Sweetwater Road, approximately one-quarter mile east of Pleasant Hill Road, in Lawrenceville, Georgia.

Greg Engler, CEO/President, Engler Financial Group, says the acquisition of Gwinnett Place Apartments can be partially financed through the assumption of $10,400,000 in tax-exempt “low floater” municipal bonds with a 4.645% rate cap in place.

The existing bond financing assures the buyer of below market interest rates for the term of the substitute credit enhancement, which adds substantial value to the property.

Gwinnett Place Apartments are being offered for sale on an unpriced basis and represents an excellent opportunity to purchase a well-located apartment community in one of the fastest growing and most dynamic metropolitan markets in the United States. Bids for Gwinnett Place Apartments will be due today, Oct. 24.

CONTACTS:

Greg Engler, CEO/Presiden, t678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com

The Pointe at Chapel Hill--Engler Financial Group Exclusive Offering

ATLANTA, GA--Engler Financial Group presents The Pointe at Chapel Hill,(top right photo) an upscale 240 unit apartment community located in the affluent City of Chapel Hill, North Carolina.

The property's ideal location has outstanding proximity to the University of North Carolina at Chapel Hill, Duke University in Durham, two major research hospitals and the Research Triangle Park

The Pointe at Chapel Hill is being offered for sale on an unpriced basis and represents an excellent opportunity to purchase a well-located Class "A" apartment community in an extremely desirable market with high barriers to entry.

Tours will begin next Thursday, August 7th and continue through Friday, August 22nd.

Property highlights include:

The Pointe at Chapel Hill benefits from an outstanding location off SR 86 approximately one half mile south of Interstate-40. Downtown Chapel Hill and the University of North Carolina campus (27,700 enrollment) and the UNC Hospital are conveniently located approximately three miles south of the property.

Duke University (12,400 enrollment) and the prestigious Duke Medical Center are located in Durham approximately eight miles east of The Pointe at Chapel Hill. The University of North Carolina, UNC Hospital, Duke University, and the Duke Medical Center (bottom right photo) combined employ approximately 48,750 people.

Research Triangle Park (RTP), located ten miles southeast of the property, is the largest planned research park in the nation. RTP represents an investment of over $2 billion, with more than 240 major research, technology, and development organizations employing an estimated 45,000 fulltime workers.

Chapel Hill has historically been one of the best performing submarkets in the overall Raleigh-Durham region. As of January 2008, Chapel Hill's average rent of $0.87 per-square-foot ranked highest among Raleigh-Durham's twelve apartment submarkets.

In addition, Chapel Hill's 5.6% average vacancy rate also ranked among the lowest of any individual submarket in the metropolitan area. Five competitive properties surveyed in July 2008 for comparison to The Pointe at Chapel Hill had market rents which ranged from $1.00 to $1.17 per-square-foot, with occupancies ranging from 92% to 97%.

If you have an interest in pursuing this outstanding investment opportunity, please execute an electronic Confidentiality Agreement on Peracon.

Click to view the Asset Teaser

If you have any questions or would like to schedule a tour of The Pointe at Chapel Hill, please contact Greg Engler, Pat Jones or Kris Mikkelsen. We look forward to working with you on this exciting opportunity.

CONTACTS:
Greg Engler, CEO/President, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com

Engler Financial Group Presents Exclusive Offering of Oxford Creek Townhouse Community in Georgia

MCDONOUGH, GA--Engler Financial Group presents Oxford Creek, (top right photo) a Class “A” 232-unit all townhouse apartment community located at the northwest corner of McDonough Parkway and Bridges Road in McDonough, Henry County, and Georgia.

The community's market-leading amenity package, all townhouse floor plans, and strong sponsorship from Oxford Properties further adds to its investment appeal.

Oxford Creek is being offered for sale on an unpriced basis and represents an excellent opportunity to purchase a well-located, high-quality apartment community in the sixth fastest growing county in the United States.

Oxford Creek is ideally located in the southern portion of the Atlanta metropolitan area which offers residents easy access to transportation arteries, major employers, and the Hartsfield-Jackson International Airport.

Interstate-75 (Atlanta's primary north-south thoroughfare) is conveniently located approximately one mile west of Oxford Creek and accessible via an interchange with Hampton Road (Highway 20). Several major employment centers including the Hartsfield-Jackson International Airport and downtown Atlanta are within a convenient 30-minute commute of the property.

As Henry County continues to grow and develop, more and more businesses are being drawn to the area's strategic location. Whirlpool Corp. (the world's largest appliance maker) recently announced it is building a massive 1.5 million square foot regional distribution facility in Henry County.

If you have any questions or would like to schedule a tour of Oxford Creek, please contact:

Greg Engler, CEO/President, 678/992-2000, ext. 1, gengler@efgus.com

Pat JonesSenior, Vice President, 678/992-2000, ext. 2, pjones@efgus.com

Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen

Engler Financial Group Presents Alta Surf, an Exclusive Offering in Myrtle Beach, SC

ATLANTA, GA--Engler Financial Group is proud to present, Alta Surf, (top left photo) an upscale 216-unit apartment community located in Myrtle Beach, Horry County, South Carolina.

Myrtle Beach is one of the most popular vacation destinations in the country and is experiencing rapid economic growth.

Alta Surf is being offered for sale on an unpriced basis and represents an outstanding opportunity to purchase a newly constructed, Class “AA” apartment community in one of South Carolina's most desirable markets.

Built in 2007, Alta Surf has a beautiful clubhouse with a soaring clubroom that welcomes residents and visitors to the community, setting a tone of elegance and luxury. The clubhouse overlooks the resort-style swimming pool and spacious sundeck. Additional community amenities include 35 detached garages, 25 exterior storage units, poolside gazebo with gas grill, a car wash facility, laundry facility, and wi-fi internet in all common areas.

Please follow the link below to view the asset teaser for Alta Surf . If you have an interest in pursuing this outstanding investment opportunity, please execute an electronic Confidentiality Agreement on Peracon.

Click to view the Asset Teaser Alta Surf is located within five miles of several major new developments, including Hard Rock Park, The Market Common, and Broadway at the Beach. One of the most highly anticipated economic developments in Myrtle Beach's history was the recent opening of Hard Rock Park, a $400 million, rock and roll themed amusement park off Highway 501.

The world's first rock n' roll theme park includes more than 40 attractions, a live music amphitheater, shows, restaurants, and retail stores. The 55-acre park aims to attract up to 30,000 visitors a day during the summer months and plans to employ approximately 3,000, making it one of Horry County's largest employers.

The Market Common (photo at left above) is Myrtle Beach's newest upscale shopping destination. Located on 114- acres off Farrow Parkway,The Market Common is a $600 million mixed-use urban street front village which includes more than 40 upscale retail shops, eateries, a 14-screen movie theater, and a residential component. Broadway at the Beach is the largest festival entertainment complex in South Carolina.

The $250 million attraction set on 350-acres features three theaters, 19 restaurants, 100 specialty shops, nightclubs and restaurants. If you have any questions or would like to schedule a tour of Alta Surf , please contact Greg Engler, Pat Jones or Kris Mikkelsen. We look forward to working with you on this exciting opportunity.

Greg Engler, CEO/President, 678/992-2000, ext. 1 gengler@efgus.com

Pat Jones, Senior Vice President, 678/992-2000, ext. 2 pjones@efgus.com

Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4 kmikkelsen@efgus.com

Engler Financial Posts Exclusive Apartment Offering: AMLI Peachtree City Portfolio in Peachtree City, GA

ATLANTA, GA--Engler Financial Group, LLC is pleased to announce that it has been selected as the exclusive sales agent for two Class "A" properties, AMLI at Kedron Village (above photo) and AMLI at Peachtree City (photo at right). Both properties are located outside Atlanta, Georgia in Peachtree City, one of the nation’s most successful master planned communities.

AMLI at Kedron Village and AMLI at Peachtree City can be purchased as a portfolio or individually. Both properties are located in the heart of Peachtree City, Georgia, a 15,000+ acre master planned community.

Founded in 1959, Peachtree City has differentiated itself by providing gathering places, protecting natural areas, and creating a blend of live, work, and recreational opportunities to attract affluent residents. Peachtree City boasts Georgia's top-ranked public schools and the highest relocation rate of any city in Georgia.

The city offers more than 125 neighborhoods in five distinct “villages” and is very restrictive on new development. New construction is tightly controlled in Peachtree City and a moratorium was placed on all new high-density residential development in 1999. The last apartment community built in Peachtree city was in 2002, and no new developments are currently planned or under construction.

Both AMLI properties are located in the Lake Kedron Village of Peachtree City, which features several high-end neighborhoods with home prices well over $1 million.The city's livable environment is enhanced by over ninety miles of golf cart and walking trails connecting neighborhoods to attractions such as The Fredrick Brown, Jr. Amphitheatre, the Peachtree City Tennis Center, and three 18-hole golf courses.

Both properties have enjoyed excellent rent growth and have consistently been top performers within AMLI Residential’s national portfolio.

Property highlights include:

AMLI at Kedron Village is an upscale 216 unit Class “A” apartment community developed by AMLI Residential in 2001, and is located at the corner of Kedron Drive and Highway 74 - Peachtree City's main thoroughfare.

AMLI at Kedron Village benefits from an extremely low site density of 10 units per-acre, which offers residents abundant green space and scenic views.

The community also includes 36 spacious and desirable townhouse units with direct-access two-car garages. The potential exists to possibly spin off the townhouse units at AMLI at Kedron Village for sale prices ranging from $275,000 to $350,000 or more.

AMLI at Peachtree Village is an upscale 312 unit Class “A” apartment community developed by AMLI Residential in 1998, and is located at the corner of North Peachtree Parkway and Georgian Park Road.

The property benefits from its outstanding location with high barriers to entry and its large proportion of units (20%) with desirable attached garages.

In addition, the above average cost of single-family homes and the lack of new inventory in the market has created “value add” potential at AMLI at Peachtree City. Units with upgraded kitchens and flooring at AMLI at Peachtree City's sister property (AMLI at Kedron Village) command rent premiums of up to $100 per-month.

Please follow the link below to view the asset teaser for AMLI at Kedron Village and AMLI at Peachtree City. If you have an interest in pursuing these outstanding investment opportunities, please execute an electronic Confidentiality Agreement on Peracon.

Click to view the Asset Teaser

To schedule tours, please contact Greg Engler, Pat Jones or Kris Mikkelsen. We look forward to working with you on this exciting and very unique investment opportunity.

CONTACTS:

Greg Engler

CEO/President

678/992-2000, Ext. 1

gengler@efgus.com

Pat Jones

Senior Vice President

678/992-2000, ext. 2

pjones@efgus.com

Kris Mikkelsen

Senior Associate

(678) 992-2000, ext 4

kmikkelsen@efgus.com