Fund I

Arium Northpoint

Roswell,

GA

Realized IRR
45%
Total Required Equity
$4,835,991
Investment Objective
Income
Asset type
Multifamily
Hold Period
5 Years
Investment Date
12/20/2012

Investment Summary

Arium Northpoint was a Class B property in an A location. Roswell, GA was one of Atlanta’s most desirable suburbs with a strong public school system and residents earning nearly 70% more than the metro median. The low density and preserve-like wooded setting around the property offered its tenants a serene atmosphere. Leveraging off the wooded setting, many of the units included a glass enclosed sunroom for the tenants to enjoy the surrounding beauty. Upon acquisition, we updated 75% of the interior units with new appliances, flooring, light and plumbing fixtures and cabinetry. We also painted, refurbished the sports court and pool, and upgraded the landscaping around the exterior.

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