176-Unit Multifamily Investment Opportunity in Atlanta, GA

Benjamin Inman is the Founder and Principal of Inman Equities, LLC, a leading real estate investment firm specializing in multifamily acquisitions, repositioning, and asset management. With over 18 years of experience, he has played a pivotal role in the acquisition and management of 4,500+ apartment units across Georgia, Florida, Tennessee, North Carolina, Kentucky, and Texas.

Expertise & Achievements

• Proven track record in value-add multifamily investments
• Successfully repositioned and managed hundreds of multifamily assets
• Deep market expertise, leveraging relationships for high-performance deals
• Focused investment in Florida & Georgia, with a history of maximizing returns in these markets

Key Transactions

• Tara Hills Apartments – Knoxville, TN (204 units)
• Zeppelin Gardens Apartments – Franklin, KY (61 units)
• Northside Gardens Apartments – Warner Robins, GA (124 units)
• Blue Tide Apartments – Daytona Beach, FL (108 units)

Benjamin's extensive experience and ability to identify high-potential properties make him a key leader in the multifamily investment space​.

Co-Sponsor

Drew Pitchford is the Managing Principal at SwiftCity Capital, a forward-thinking real estate investment firm focused on multifamily and commercial assets. With 6 years of real estate experience, including 4 years in commercial real estate, Drew has built a reputation for strategic growth and asset optimization​.

Specialties & Investment Approach

• Asset optimization & repositioning to drive investment growth
• Strong industry partnerships that enhance deal flow and execution
• Value creation through targeted capital improvements and market positioning

Proven Investment Track Record

• Expanded SwiftCity Capital’s presence in competitive markets
• Leads a hands-on approach to investment, ensuring maximum asset performance
• Dedicated to transparency, strategy, and long-term investment value

Drew's collaborative leadership and deep investment insight have positioned SwiftCity Capital as an emerging leader in the multifamily investment sector.

One of Inman Equities’ Successful Investment Exits

The sale of Canopy Creek Apartments, a 288-unit multifamily asset in Jacksonville, FL.

Acquisition & Renovation

• Originally built in 1975, major renovations in 2017
• Featured two pools, a fitness center, and modernized interiors
• Positioned as a high-demand rental community

Transaction Highlights

• Sale Price: $37.75M (Sold December 29, 2021)
• Buyer: MST-Canopy Creek LP (NY-based investment group)
• Per Unit Price: $131,076
• Rents at Time of Sale: $1,005 – $1,450

Value Creation & Market Impact

• Increased taxable property value to $17.5M
• Proved strong demand for well-located, value-add multifamily assets
• Demonstrated Inman Equities’ ability to enhance and exit high-performing properties

Why Invest in Atlanta Multifamily?

Strong Economic & Job Growth

• Atlanta is home to 16 Fortune 500 companies, including Coca-Cola, Home Depot, and Delta Airlines.
• Major industries driving economic expansion: Technology, logistics, film, and healthcare.
• Growing employment opportunities have led to low unemployment rates, attracting a strong workforce.

Job growth fuels demand for rental housing, making Atlanta an attractive multifamily investment market.

Population Growth & Migration Trends

• Atlanta’s population has been growing steadily, with new residents flocking to the metro area.
• Affordable cost of living compared to other major U.S. cities makes it a top choice for relocation.
• Young professionals and remote workers are drawn to the city's quality of life and job market.

More people moving in = Higher demand for rental units and increasing occupancy rates.

Strong Multifamily Market Performance

• High occupancy rates and consistent rent growth highlight Atlanta's strength in multifamily housing.
• Demand for rental properties remains strong, driven by job and population growth.
• Value-add opportunities provide strong investor returns, making Atlanta a top market for repositioning assets.

Multifamily investments in Atlanta continue to outperform expectations, with a proven track record of investor success.

Infrastructure & Transportation Hub

• Hartsfield-Jackson Atlanta International Airport is the busiest in the world, driving business expansion.
• Interstate connectivity and transit systems support logistics, e-commerce, and supply chain industries.
• Massive infrastructure projects are increasing Atlanta’s accessibility and business attractiveness.

As a national transportation hub, Atlanta ensures long-term economic resilience and growth.

Affordable Entry Costs & Strong Investor Returns

• Atlanta offers higher yields compared to gateway markets like NYC, LA, and Miami.
• Lower acquisition costs & higher cap rates make Atlanta attractive for multifamily investors.
• Projected long-term rent growth secures strong investor cash flow and appreciation potential.

Compared to other metro areas, Atlanta provides some of the most attractive real estate returns in the U.S.

Conclusion: A Market Poised for Continued Growth

Atlanta remains a top-tier investment destination, with a diverse economy, strong rental demand, and favorable market conditions. As employment, migration, and economic expansion continue, Atlanta is expected to offer stable and high-performing investment opportunities in the multifamily sector.

Investment Highlights

Proven Value-Add Strategy

• Renovated Units: Select units achieving $147+ rental premium
• $1.03M+ in Completed Capital Improvements
• Exterior renovations, landscaping, and unit upgrades
• Light and electrical system improvements

Favorable Market & Location

• Close to Major Employment Hubs
• Access to Atlanta’s Beltline & Major Retail Developments
• 94.3K SF of New Retail Under Construction Nearby

Financials & Loan Assumption

• Origination Date: 12/4/2017
• Lender: Fannie Mae (Assumable)
• Original Loan Amount: $14,472,000
• Fixed Rate: 4.51%
• Loan Maturity Date: 01/01/2030

Property Overview

The Broadway at East Atlanta is a 176-unit garden-style multifamily community located in Atlanta, GA. The property is well-positioned with significant operational upside, having already benefited from $1.03M in capital improvements, including exterior renovations, curb appeal enhancements, and interior unit upgrades.

Unit Mix & Floor Plans

• 1 Bedroom, 1 Bath (50%) – 937 SF average
• 2 Bedroom, 1 Bath (23%)
• 2 Bedroom, 1.5 Bath Townhomes (27%)

This desirable spacious layout meets demand from surrounding multifamily demographics, offering investors an opportunity for future rent growth.

Property Amenities

Community Features

• Resort-style Pool
• Gated Entry for Security
• Dog Park & Playground
• Fitness Center
• BBQ/Picnic Area

Unit Features

• Fully Equipped Kitchens
• Hard-Surface Tile Flooring
• Upgraded Vinyl-Plank Flooring
• Spacious Walk-In Closets
• Patio/Balcony

Sources & Uses of Funds

The Sources & Uses section outlines how capital is allocated for the acquisition and repositioning of The Broadway at East Atlanta. This structure ensures transparency for investors, breaking down where funds originate and how they will be deployed to maximize asset performance and investor returns.

Sources of Funds

The capital stack for this investment includes debt financing and equity contributions from investors.

Debt Financing: A Fannie Mae loan has been structured at a fixed interest rate, allowing for favorable financing terms.

Investor Equity: A portion of the funding comes from Limited Partners (LPs), structured to provide preferred returns and profit-sharing benefits.

Uses of Funds

The allocation of funds is strategically designed to cover the acquisition, capital improvements, and operational reserves for the property.

Capital Improvements: Funds allocated for unit upgrades, exterior renovations, and amenity enhancements to drive rental growth.

Closing Costs & Fees: Includes legal, acquisition, and financing fees necessary to close the transaction.

Operating Reserves: A reserve fund to support operational stability and contingencies during the stabilization period.

Investment Impact

This structured Sources & Uses plan ensures capital efficiency, allowing investors to benefit from value-add renovations, rental growth, and long-term appreciation. The allocation of funds aligns with Inman Equities’ proven track record in repositioning multifamily assets.