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Description
Capstone is pleased to present Lakeview & Tori Pines Apartments, a combined 136-unit portfolio located in southeast Georgia. Each asset is conformed to a Low-Income Housing Tax Credit (LIHTC) project, limiting all units to 60% of AMI. Lakeview & Tori Pines Apartments offer an immediate loss-to-lease burn-down opportunity as in-place rents trail the Max Allowable Rents. The restrictive covenant for each property will expire in 2036, offering new ownership lucrative strategies to either re-syndicate the tax credits or increase revenue by bringing properties to market rent, significantly increasing property value. With the option to acquire each asset individually or as a portfolio and an outstanding loss-to-lease burn-down opportunity, Lakeview & Tori Pines present a premier investment opportunity.
Investment Highlights:
Immediate Rent Growth Achievable as Affordable Rents Trail Max Allowable
Option to Re-Syndicate Tax Credits or Transition to Market Rate Rents
Opportunity to Acquire Each Asset Individually or as a Portfolio
Large Townhouse-Style Units Complete with Washer/Dryer Connections
Address
- City Lyons, Sandersville
- State/county Georgia
Contact Information
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