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Behind the Deal:
Avondale Hills - Investor Update

 

A clear view of our journey, highlighting the key accomplishments we’ve unlocked so far and the strategic roadmap guiding our continued growth and impact in Atlanta.

Join us for a live update on Avondale Hills, where we’ll walk through how the business plan is progressing, highlight key milestones achieved to date, and share what’s ahead:
January 11 at 8 PM EST.

Save My Seat!

Avondale Hills

Built in 2022 || Atlanta, GA || 240 Units

Viking Capital is excited to announce our newest investment opportunity, Avondale Hills Apartments. A 2023, 240-unit, Class-A, multifamily property located in Atlanta, Georgia.

Highlights

Prime Location and Connectivity:

 

Introducing Avondale Hills, a luxurious 240-unit apartment community built in 2022–2023. This A-class asset is strategically located in a hyper-connected area along the path of progress, directly across from the MARTA transit station. Residents benefit from Atlanta's extensive amenities and economic growth.

Thriving Economic Environment:

 

Avondale Hills is surrounded by vibrant development and economic prosperity. The area's growth is fueled by major companies such as Google, Microsoft, and JP Morgan, creating a robust job market and driving tenant demand.

Modern Living and Value:

 

Avondale Hills offers a modern living experience with premium amenities, positioning it as a premier choice in the market. With current below-market rents and room for operational efficiency and occupancy, Avondale Hills can increase rents to a more competitive price, offering value and accessibility

Business Plan

Upon assuming management, Viking Capital's business plan focuses on capitalizing on existing market rent growth. We aim to increase rents to align more competitively with the area, targeting immediate rent increases of over $200 within the first year of acquisition.

With an extensive portfolio of over 2,000 units in Atlanta, Viking Capital leverages significant economies of scale. This allows us to implement operational efficiencies that drive organic appreciation and enhance the property's overall value.

Class A

Class B

Class C

  Purchase               $58,500,000
  Debt                       $38,700,000
  Total Equity           $25,100,000
  Price Per Unit        $243,750
  Interest Rate          5.9%
  Hold Time              3 Years

  Pref.                      $10%              7%                  8%
  Hold Period          3 years           3 years            3 years
  Equity Multiple     1.3x               1.6x                  1.8x
  Avg. CoC               $10%             6.23%              6.23%
  IRR                         10%              18%-20%          20%-22%

Avondale Hills

Built in 2022
|| Atlanta, GA
|| 240 Units

Viking Capital is excited to announce our newest investment opportunity, Avondale Hills Apartments. A 2023, 240-unit, Class-A, multifamily property located in Atlanta, Georgia.

Highlights

Prime Location and Connectivity:

 

Introducing Avondale Hills, a luxurious 240-unit apartment community built in 2022–2023. This A-class asset is strategically located in a hyper-connected area along the path of progress, directly across from the MARTA transit station. Residents benefit from Atlanta's extensive amenities and economic growth.

Thriving Economic Environment:

 

Avondale Hills is surrounded by vibrant development and economic prosperity. The area's growth is fueled by major companies such as Google, Microsoft, and JP Morgan, creating a robust job market and driving tenant demand.

Modern Living and Value:

 

Avondale Hills offers a modern living experience with premium amenities, positioning it as a premier choice in the market. With current below-market rents and room for operational efficiency and occupancy, Avondale Hills can increase rents to a more competitive price, offering value and accessibility

Business Plan

Upon assuming management, Viking Capital's business plan focuses on capitalizing on existing market rent growth. We aim to increase rents to align more competitively with the area, targeting immediate rent increases of over $200 within the first year of acquisition.

With an extensive portfolio of over 2,000 units in Atlanta, Viking Capital leverages significant economies of scale. This allows us to implement operational efficiencies that drive organic appreciation and enhance the property's overall value.

Class A

Class B

Class C

Purchase:  $58,500,000
Debt:  $38,700,000
Total Equity:  $25,100,000
Price Per Unit:  $243,750
Interest Rate:  5.9%
Hold Time:  3 Years
Pref.
10% 7% 8%
Hold Period
3 years 3 years 3 years
Equity Multiple
1.3x 1.6x 1.8x
Avg. CoC
10% 6.23% 6.23%
IRR
10% 18%-20% 20%-22%

To get the first look at our latest investment offering, join our live webinar and Q&A on January 11 at 8 PM ET.

Join us for a live update on Avondale Hills, where we’ll walk through how the business plan is progressing, key milestones achieved to date, and what’s ahead.


During this webinar, we’ll cover:

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    Operational and financial performance highlights

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    Progress on the value-add and capital improvement plan

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    Leasing, rent growth, and market dynamics

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    Near-term priorities and long-term outlook

Register To Join
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    PRIME LOCATION & CONNECTIVITY:
    This A-class asset is strategically located in a hyper-connected area along the path of progress. Residents benefit from Atlanta's extensive amenities and economic growth.
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    NEWER PRODUCT WITH BELOW MARKET RENTS:
    Newer asset with below-market rents, offering premium amenities and room for competitive rent increases.
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    STRONG COST BASIS:
    This off-market deal, discounted by $20 million, was brought to Lion Park Capital and Viking Capital because of our strong reputation for execution.
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    LOW-RISK FUNDAMENTALS:
    This property supports the flight-to-quality during volatile economic times by offering a high-quality asset with strong demand in a thriving submarket.
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    ECONOMIES OF SCALE:
    With over 1,210 units in Atlanta, Lion Park Capital and Viking Capital leverage economies of scale to drive operational efficiencies, organic appreciation, and enhanced property value.
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    3 YEAR HOLD:
    Strong returns in less time, giving you the opportunity to redeploy capital more quickly.

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