Briar Hill 563 Riverdale, GA

Investment Highlights

• Above-Average Unit Sizes Drive Tenant Retention & Premium Rents
• Clean Mid-1980s Product with a Low-Density Neighborhood
• Significant Interior & Exterior Capital Improvements Completed
• Additional Land Provides Amenity Expansion Potential
• Proven Value-Add Through Interior Renovations with $92/Unit Upside
• 95%+ Occupancy with Strong Revenue Growth & Financeability
• Opportunity to Develop 32 Additional Units (Ability to Add 32 Units– 8 Quads)

Above-Average Unit Sizes Drive Tenant Retention & Premium Rents

Briar Hill 563’s 1-bedroom units average 1,015 SF and 2-bedroom units average 1,250 SF — significantly larger than typical Atlanta comparables. The oversized floorplans appeal to a broader renter pool, including roommates, work-from-home professionals, and small families, while driving tenant satisfaction and reducing turnover relative to newer, smaller product. This size advantage creates meaningful competitive differentiation in a market increasingly dominated by compact floorplans.

Clean Mid-1980s Product with a Low-Density Neighborhood

Briar Hill 563 represents the “missing middle” product type highly sought after by renters priced out of new construction. As a well-maintained 1980s vintage asset, the property requires less capital and operating expenditure than older comparables, while the low-density setting provides a quieter, more residential feel that supports tenant satisfaction and retention. The attractive basis relative to new development costs positions the asset well for a yield-driven investment strategy.

Significant Interior & Exterior Capital Improvements Completed

Ownership has completed extensive capital improvements, significantly upgrading both interiors and exteriors. 72 units have been fully renovated with modern finishes including granite countertops, stainless steel appliances, new cabinetry, vinyl plank flooring, updated lighting, new doors and hardware, refreshed paint, and upgraded bathrooms. Exterior improvements include new roofs, deck repairs and replacements, HVAC upgrades, siding repairs, new gutters, landscaping enhancements, and a new mail kiosk. These investments position the asset for continued performance with limited near-term capital requirements.

Amenities