Offering Memorandum – The Mill District (1)
MTN Investment Group
is pleased to present TheMill District (The Mill).
The 87-unit, 108-bed, multifamily mixed-use asset is located in Athens,GA, home of the University of Georgia.
This stabilized property boasts upscale residences with vibrant commercial space at 100% residential occupancy and 100% preleased with
11% rent growth for ’23-’24. This brand new, 2022 construction, community is nestled adjacent to the Boulevard Historic District, less than half a mile from downtown Athens, GA.
Strong market fundamentals with comparables well above The Mill’s average will drive sizable rent growth as well as other value add opportunities in the years to come.
Currently the in place rents are between $400-$600 below market rates.
For more info please call Nitzan Mosery- Principle- 561 -212-7247