century perimeter park success story
Sandy Springs, GA
Class A
298 Units
- Property was held by owner for slightly less than two years
- Grew occupancy to nearly 99% upon time of sale
- Successfully reduced operating expenses by 7% through effective personnel changes, FCM purchasing power, and enhanced management of replacement items
- Improved bad debt expense by implementing focused collection efforts
- Managed adjustments to lease expiration calendar so that exposure was balanced throughout the year
- Grew rental income during the hold period over 5%
- Owner sold the property at a 21% premium over purchase price