12th & James Luxury Apartments

JLL, as exclusive advisor, is pleased to present for sale 12th & James (the “Property”), a 214-home, Core Plus investment opportunity located in the Upper Westside submarket of Atlanta, Georgia. The Property consists of 189 partially renovated and 25 classic 1-, 2-, and 3-bedroom apartment homes. Partially renovated homes have been enhanced to include white cabinetry, new countertops, tile backsplashes, stainless steel appliances, brushed nickel fixtures, Nest thermostats, wood-style flooring (in select units), Bluetooth smart locks, and Ring Doorbell cameras. Residents enjoy a full suite of revamped community amenities which include a resort-style pool, business center, outdoor kitchen, state-of-the-art fitness center, and numerous outdoor lounging areas.

Built in 2002, 12th & James presents the opportunity to acquire a well-positioned asset with a high-quality physical plant below replacement cost. Subsequent ownership benefits from a limited development pipeline, which provides ample runway for future rent growth, coupled with operational upside that can be realized by normalizing expenses.

Ideally situated in the Upper Westside submarket, residents enjoy the serenity and conveniences of suburban living with immediate access to West Midtown’s bustling entertainment district. Proximity to I-285 and I-20 provides rapid commutes to major employers including AirBnB, Nike, and Ford in West Midtown, as well as many others in the Buckhead, Midtown, Cumberland, and Downtown Atlanta employment hubs.