BR Big Creek, DST
50 Venue Way, Alpharetta, GA 30005
Projected Purchase Price*:$84.5 million
Equity Amount: $35.5 million
- Projected Loan Terms: 58% Loan-to-Capitalization | 10-year Term
- Projected Loan Terms: 4.30% Fixed Interest Rate | 5-year Interest Only
- Projected Hold Period: Approx. 7-10 Years
- Minimum Investment: $225,000 for 1031 Exchange
The Venue at Big Creek (The “Property”) represents an opportunity to invest in a Class A+ garden-style mid-rise apartment community in the affluent north Atlanta suburb of Alpharetta. The investment seeks to provide attractive monthly current cash flow and upside potential from the evolution of the expanding neighborhood from a suburban style into a mixed-use, town center concept.
50 Venue Way, Alpharetta, GA
The Property, newly built in 2016, is a Class A+, 372-unit, luxury apartment community located in Alpharetta Georgia. The Property offers one-bedroom, two-bedroom, and three-bedroom floor plans averaging 1,025 square feet. Property amenities include: resort-style salt water pool, mountain chic twostory clubhouse, fitness center with yoga and spin room, media room, theatre room, billiards table, a car wash, and smoke-free buildings.
Key Investment Considerations
- Situated in an Affluent Suburb of Atlanta, GA one of the most diversified and fastest growing cities in the country with a population exceeding 5.7 million residents;
- Built-in Value Creation with the initial Property purchase price by Bluerock of $1.4 million below appraised value*;
- Adjacent to Premier Mix-Use Park known as Halcyon, a $370 million boutique shopping / office / recreational lifestyle destination center; Largest Jobs Base in Metro Area with more than 165,000+ jobs in North Fulton County;
- Upside Value Potential with the evolution of Alpharetta into a destination, mixed use town center concept expected to further drive demand, rents
and values; and - High Income Demographics with average home values exceeding $500,000 and area annual household incomes averaging over $125,000
Property Summary
The Property, newly built in 2016, is a Class A+, 372-unit, luxury apartment community located in Alpharetta Georgia.
- The Property offers one-bedroom, two-bedroom, and three-bedroom floor plans averaging 1,025 square feet.
- Property amenities include: resort-style salt water pool, mountain chic twostory clubhouse, fitness center with yoga and spin room, media room, theatre room, billiards table, a car wash, and smoke-free buildings.
- Unit amenities include: granite countertops, tile backsplashes, espresso cabinetry, vinyl hardwood flooring, faux stainless appliances, 9-foot ceilings, washer/dryer connections, pendant lighting, built-in microwaves, patios/ balconies, walk-in closets, ceiling fans, built-in bookshelves in select units, pantry and linen closets in select units, and garages in select units.
About Bluerock Value Exchange, LLC
BVEX is a national sponsor of syndicated 1031 exchange offerings with a focus on Class A assets that can deliver stable cash flows and have the potential for value creation. BVEX is an affiliate of Bluerock Real Estate, L.L.C., a private equity real estate investment firm that sponsors a portfolio currently exceeding 25 million square feet of primarily apartment and office real estate, including approximately $1.1 billion in total property value and over 7.5 million square feet of property. Bluerock’s senior management team has an average of over 25 years investing experience, has been involved with acquiring over 35 million square feet of real estate worth approximately $10 billion, and has helped launch leading real estate private and public company platforms.