The Mill District

“The Mill”, located about a mile from the University of Georgia, is an 87-unit, 108-bed, Class A multifamily mixed-use asset built in 2022 with competitive commercial space. It’s at 100% residential occupancy and 100% pre-leased, with 11%+ rent growth for ’23-’24.

The property is cash flowing day one. Strong market fundamentals, with rent comparables $500+ above The Mill’s current average, will continue to drive sizable rent growth. Return metrics based on a five year projection are:

– 18% Rate of Return
– 8% Cash on Cash
– 2.05 Equity Multiple

This property is a forced sale asset brought to the MTN Team through personal relationships as a unique opportunity to purchase the asset and continue the seller’s original business plan through stabilization.

Deal
Highlights:

– Class A Asset, Built in 2022
– 100% Residential Occupancy
– Stabilized Cash Flow
– Strong Market Fundamentals
– Majority of Students Live Off Campus
– Sizeable Rent Growth Opportunities

Please note, this is a 506c offering for accredited investors only.