CURRENT INVESTMENT – ATLANTA PARK PORTFOLIO

ATLANTA PARK PORTFOLIO

Status at Purchase:

Date: April 9, 2021
Occupancy: 95%
Purchase Rate: $10,000,000 ($105 psf / 6.8% cap rate)

Three-Part Business Plan:

Implement Capital Improvements Plan:
Address deferred maintenance.

Stabilize Tenancy:
Transition tenants from short to longer term leases.

Increase NOI:
Actively manage property utilizing SunCap’s platform and key relationships in order to increase NOI by 31% over the five-year holding period.

Investment Returns:

Equity Invested:
$4,200,000

Forecast Investor Returns:
8.6+% average current cash-on-cash
14+% IRR over five year hold
Investment Multiple:  1.8