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%