Broadstone Junction is located in a highly desirable Atlanta neighborhood and is a brand new 290-suite, class A multifamily asset. This property has exceptional character and amenities, and is attractive across the board, in terms of quality, location, price per square foot, opportunity for rent growth, and financing scenarios.
Top Atlanta Suburb
- Embedded in Historic Downtown Norcross, which has over 30 local shops and eateries and is nestled between two City Parks.
- As suburban downtowns evolve and grow, there is an increased expectation for walkable, upscale multifamily communities that offer small-town charm with downtown convenience.
Premier Apartment Community
A rare blend of adaptive reuse and new construction with central park and a 4-story parking garage. Broadstone Junction provides its residents with a wide selection of unique studio, one, two, and three-bedroom apartment homes that feature exclusive community and household amenities like a resort-style saltwater pool, Fitness center, Yoga room, and Private offices & conference rooms.
Demographics
- Census Tract Median Household Income of $143k, Average Household Income of $101k at the property.
- Averaging 21 net leases per month, market rents have increased by 2.7% since September 2019.
- Axiometrics projects 5.92% annual rent growth over the next four years.
Nearest competitor achieving $126 higher rents, creating post-stabilization upside.
Green Building
- Recognized by the National Green Building Standard for its sustainable design.
- The planning, design, construction, and operations of this building take into consideration: energy use, water use, indoor environmental quality, material section and the building’s effects on its site.
