Case studies

Cielo at Sweetwater

MULTIFAMILY

Cielo at Sweetwater, formerly known as Midwood Hills, was purchase by Zavala is 2021 and was a classic value-add business plan execution. Built in 1975, the property was a Class C apartment community in an B+ location when Zavala acquired the asset. Zavala had been strategically targeting East Atlanta, and specifically Austell, as market research exploring cost-of-living, job growth, and available housing to projected growth comparisons all showcased favorable metrics for apartment investing.

Zavala’s value-add plan included unit renovations, and improved management. Additionally, the exteriors were painted and modernized while unit interiors were renovated to appeal to the target tenant base. During its one-year ownership, Zavala modernized a tired community and while executing a quintessential value-add business plan

Track record


Cielo at Sweetwater

Location austell, GA

Project Details 100 units

Equity Multiple 2.4x

Purchase date September 2021

Sale date November 2022

Holding period 13 months

Sale price $16,00,000

Purchase price $11,400,000

IRR. 117.8%

Anterior
Anterior

Cielo at Lanier

Siguiente
Siguiente

Cielo at Baldwin