Adams Investor Group Hits Another Grand Slam:
In 14 Months Created Over $13 Million in Value
Adams Investor Group (AIGP) is pleased to announce the recent sale of Clifton Glen, a 556 unit apartment complex for $40.9 million located in Stone Mountain, Georgia a suburb of Atlanta.
Clifton Glen was purchased in May 2017 and was recently sold for nearly $41,000,000.
“This is arguably our best win to date,” comments Brian Adams, owner and operator of Adams Investor Group.
“When searching for deals for our investment syndicate, we look for stabilized income as well as the potential to add value to the property and Clifton Glenn has paid off faster and bigger than we could’ve imagined.”
AIGP structures investment opportunities where the investors enjoy solid cash flow and huge tax breaks.
“When we bought Clifton,” Adams continues, “We raised $10 million from investors for the down payment, closing costs and funds to make strategic interior and exterior upgrades.
The property was under performing in the rental market and Clifton Glen appraised almost $5 million more than what we paid.”
Clifton Glen was purchased for $27.5 million.
The previous owners had recently completed a large renovation program that AIGP expanded on.
Rents were brought up to market and additional income streams were created. With making strategic upgrades and AIGP keeping a close eye on operations and expenses, Clifton Glen was sold for $40.9 million.
An equity increase of $13.4 million in only 14 months.
“Clifton is a beautiful mature property in a growing and stable bedroom community of Atlanta,” Adams said, “The new owners will enjoy a fantastic income stream and our investors have realized a great return. I just couldn’t be happier about Clifton Glen.”
AIGP continues to seek new deals that generate long-term wealth and tax advantages for its investing partners.
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