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Capstone is pleased to present Lavista Crossing, a 240-unit garden-style apartment complex located in the Northlake submarket of Atlanta. Built in 1970, the property offers an extremely well-maintained asset that benefits from significant recent capex and an in-place value-add program. Future ownership has the opportunity to create an additional $216,000+ in annual income by renewing expiring leases at the most recent rent levels. By continuing the in-place value-add program, Lavista Crossing is ideally positioned to bridge the rental gap between the neighboring properties. Lastly, Lavista Crossing is located within a quick drive from the major employers at Emory/CHOA, Central Perimeter office district, and the I-85 industrial corridor. With the majority of the heavy lifting complete and an interior value-add program in-place, new owners can immediately focus on driving NOI growth organically on renewals, while renovating the remaining units upon turnovers.
In Place Physical and Operational Value-Add to Build On
High Growth Education and Medical District