Windy Hill Manor

This acquisition is a portfolio of properties with a total of 174 units. Average year of build is 1977.  Macon is the largest city in middle Georgia and has experienced 4.6% growth in non-farm payroll in the last 12 months. The properties were acquired at a very attractive $69K/door basis, a comparable portfolio of properties in the same submarket recently traded for 100K/door. The business plan is to renovate the units and increase rent. The projected cash-on-cash return is 10%, target IRR is 17%+ and total return of 110% in 6 years. This acquisition is still open to investors and is projected to close in August 2022.