MAPLE PLACE APARTMENTS 1352 - 1360 NORTH AVE & 1414 EUCLID ATLANTA, GA 30307 FRANKLINST.COM - LOOPNET
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A MULTIFAMILY
INVESTMENT
MAPLE PLACE APARTMENTS
1352 - 1360 NORTH AVE & 1414 EUCLID
OPPORTUNITY
PRESENTED BY ATLANTA, 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
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
Jake.Reid@FranklinSt.com
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
Ricky.Jones@FranklinSt.com 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 Candler Park 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, Inman Park, Old
Fourth Ward, Ponce City Market, Decatur, Little 5
Points, and Krog Street Market. 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.com
FranklinSt.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 Georgia
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.com
6
MAPLE PLACE APARTMENTS | ATLANTA GA PARCEL MAP FranklinSt.com 7
NEIGHBORHOOD MAP
MAPLE PLACE APARTMENTS | ATLANTA GA
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
St Charles Ave NE
Briarcliff Rd NE
eN E
Leon Av
e De
Ponc
Ponce De Leon Ave NE e NE
eon Ave N
E n Av
S Ponce De Leo
De L
Ponce
Fairvi w Rd NE
THE
LOCAL
e
JAVA
JIVE
North Ave NE North Ave NE North Ave NE
Oakdale Rd NE
Moreland Ave NE
Poncey-Highlands
North Highland Ave NE
Maple Place
Apartments
Old Fourth
Ward Park k
dom P wy NE Benning Pl
ee
Fr NE
Freedom id Ave
cl
Park Eu
Oakdale Rd NE
NE
Euclid Terrace NE
Candler St NE
lvd
Sterling St NE
Moreland Ave NE
ll B
Gi
c
M
a lph Little
R
Five Points McLendon Ave NE
NE
wy
Pk NE
NE m ve
ay e do
Willoughby W Fre ndA
g h la E
Hi eN
E Ave Nand
Parks E Rec r th v
No d
A
Retail and Resturants cli
Eu
Schools
Atlanta Beltline Inman Park
Freedom Pkwy Walking Trail
FranklinSt.com Highland Ave NE Ave NE 10
Dekalb135
2N
MAPLE PLACE APARTMENTS | ATLANTA GA
Ave
FranklinSt.com 11MAPLE PLACE APARTMENTS | ATLANTA GA FranklinSt.com 12
141
4E
MAPLE PLACE APARTMENTS | ATLANTA GA
ucl
id
FranklinSt.com 13MAPLE PLACE APARTMENTS | ATLANTA GA FranklinSt.com 14
136
0N
MAPLE PLACE APARTMENTS | ATLANTA GA
Ave
FranklinSt.com 15MAPLE PLACE APARTMENTS | ATLANTA GA FranklinSt.com 16
Maple Place
Financial Analysis Apartments
FranklinSt.comMAPLE 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 18MAPLE 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 19Maple Place
Sales Comparables Apartments
FranklinSt.comMAPLE 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 21MAPLE 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 22Sold 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 StudioSold 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 Ponce De Leon Avenue 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 StudioSold 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
StudioMaple Place
Rent Comparables Apartments
FranklinSt.comMAPLE 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 27MAPLE 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 28MAPLE 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 29Rent 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 $1.75Rent 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 $2.02Rent 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 $1.84Rent 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 $1.52Rent 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 $1.71Rent 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 $1.47Rent 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 $1.74Rent 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 $1.93Rent 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 $1.53Rent 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 $1.67Rent 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 $1.80Rent 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 $1.68Maple Place
Area Overview Apartments
FranklinSt.comMAPLE 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, Georgia Tech 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, Emory
University 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 & AJCMAPLE 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 44MAPLE PLACE APARTMENTS | ATLANTA GA
The Atlanta Beltline
The Atlanta Beltline is a Underground Atlanta
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
On the Move
NO.5
football stadium, dormitory, multifamily housing and retail
space on the 67+/- acre site. $1.5 Billion in New Developments ATLANTA WAS 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
Centennial Olympic Park, the Atlanta
Streetcar 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 Food Hall, various shops, flats
FranklinSt.com and office. 45MAPLE 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 Fox Theatre to the Cobb Energy Performing
Arts Center, as well as the world-renown High Museum of Art, a division of the Woodruff Arts Center.
• The Atlanta Symphony Orchestra is based in Atlanta and its main concert venue is Atlanta Symphony Hall 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.
• Museum of Design Atlanta (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 Midtown Atlanta as a part of the Midtown Arts Corridor.
• The Fox Theatre, a former movie palace, is a performing arts venue located at 660 Peachtree Street 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
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AREA OVERVIEW
ATTRACTIONS & RECREATION
• The Atlanta Botanical Garden is a 30 acre botanical garden located adjacent to Piedmont Park 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 Downtown Atlanta adjacent to Centennial Olympic Park. SIX FLAGS OVER GEORGIA
• The Georgia Aquarium 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 Atlanta Falcons and the NCAA’s Georgia State Panthers 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.
• Zoo Atlanta 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 47MAPLE 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 - ATLANTA BRAVES STADIUM
FranklinSt.com 48MAPLE 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 Fan Plaza creating an additional game day fan
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 49MAPLE 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 50MAPLE 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 Buckhead 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 Perimeter Center.
FranklinSt.com 51
Sources: Metro Atlanta Chamber; Atlanta Regional Commission; City of Atlanta; Atlanta Convention & Visitors BureauMAPLE 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 52Maple Place
Demographics Apartments
FranklinSt.comMAPLE 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
Census Per Capita Income (2010) $47,555 $39,563 $34,448
HOUSEHOLDS
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)
Projected Average Household Income (2021)
$96,071
$113,949
$100,558
$119,971
$85,667
$100,956
Maple Place
Apartments
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%)
Historical Annual Change (2000-2016) $32,157 (3.1%) $36,486 (3.6%) $26,078 (2.7%)
FranklinSt.com 54DEMOGRAPHICS
5 Mile
3 Mile
1 MileMaple Place
About Franklin Street Apartments
FranklinSt.comABOUT 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 57ATLANTA 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 Ft. Lauderdale
extensive client database, and current technology applications streamlining the process
45 STATES
Tampa, Corporate Headquarters
and increasing speed to market. 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.
FranklinSt.com
58NAME | 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
Jake.Reid@FranklinSt.com Ricky.Jones@FranklinSt.com Roger.Schoerner@FranklinSt.com
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
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