Another Seed Is Planted To Become A Profitable Real Estate Investment Harvest
Adams Investor Group (AIGP) is pleased to announce a recent acquisition of Mountain Oaks Apartments, a 168 unit apartment complex purchased for $8.6 million located in Stone Mountain, GA a suburb of Atlanta.
For the past few years, AIGP has been focused on finding and nurturing multi-family investment deals in the greater Atlanta, GA metro area. While the group has invested in Pennsylvania, Texas, and South Carolina, Atlanta’s powerful market has been keeping AIGP busy.
Since the recovery from the 2008 near economic depression, Atlanta has been growing in value in a variety of ways. Good school systems, an abundance of employment opportunity across the spectrum, several higher education options as well as a host of desirable communities has turned the area into a booming community with a bright and promising future.
“We just keep finding them,” Brian Adams, founder of AIGP comments, “It seems like every time I turn around, there’s a hot deal staring me in the face.”
AIGP is an investment syndicate that purchases and manages multi-family apartment communities. In essence, the group is comprised of passive investors who wish to get involved with what Brian Adams considers the best investment vehicle around – apartments.
These accredited investors pool their capital, usually $100,000 or more and purchase large properties and all share in the cash flow, equity appreciation as well as tremendous tax benefits.
Brian Adams who has 20+ years as a CPA is the leader of the syndicate and takes his responsibility very seriously. Over the years AIGP has compiled an impressive track record that draws in new investors all the time.
“Our approach is two-fold,” Adams states, “We find good properties where we can make better. By adding improvements and bringing rents up to market value, we make money for our investors and make our tenants happy – it’s a great example of the goose and the golden egg.”
Mountain Oaks is their latest acquisition. This 168 unit garden-style apartment community was purchased by AIGP for $8.6 million with $3.5 million of investor capital. At the time of purchase, the property appraised at $8.8 million, giving AIGP investors instant equity above and beyond what they’ve purchased.
As with similar properties in the area, AIGP intends to add value over the next 3 to 5 years by improving the property and bringing below-market rents up to market levels. This strategy has worked before, and has done so right down the street.
Mountain Oaks is about a 2 minute drive from Hairston Woods Apartments. AIGP purchased this 240 unit complex in April 2016 for $9.4 million and, after Adams’ proven improvement strategy, was sold only a year and a half later for $13.25 million.
Equally impressive is that Mountain Oaks is only a 6 minute drive from Clifton Glen, a 556 unit complex purchased by AIGP for $27.5 million a year ago. The property has recently been appraised at nearly $41 million!
“When you do things right,” Adams says, “When you take care of your properties, take care of your tenants and treat your investment partners better than yourself, you find that things truly work out for the best.”
AIGP continues to locate new deals that generate long-term wealth and tax advantages for its investing partners.