Meadowlark Apartments





Meadowlark Apartments is a B- class garden style apartment located in McDonough, Georgia, approximately 30 miles southeast of Atlanta. McDonough is the county seat of Henry County, Georgia, and is considered part of the Atlanta metropolitan area (MSA).



Meadowlark is a 1987 built, 56-unit, garden style apartment located in McDonough, Georgia. The property comprises of fourteen buildings, representing 52,136 square feet of living space spread over approximately 10.6 acres. The property consists of 24 one-bedroom units, 28 two-bedroom units, and 4 three-bedroom units.

Sitting astride two interstate highways and rail lines and only 20 minutes from the Hartfield-Jackson airport, Henry County has long been attractive to companies seeking locations for distribution warehouses. Firms as diverse as Ford, The Sports Authority, Tyco Healthcare, and Ken’s Steakhouse occupy massive logistical facilities in McDonough. New arrivals include The Home Depot, which came looking for 1 million square feet under one roof, and found it in Henry County. The prospect of more companies moving in to serve the thriving Southeast has also led to a current building boom for new warehouses in parks near I-75, which runs right through McDonough Meadowlark shares management and efficiency with Willow Chase Cove, its sister property located ten minutes away.


Acquisition and Strategy

Meadowlark Apartments was acquired through a private, off-market transaction. The Property is currently operating profitably at nearly 100% occupancy. However, the property has some relatively minor deferred maintenance and would benefit from enhanced curb appeal and modest unit updates, which will be believe will allow us to increase rents by up to $100 per unit per month over the first 18 months of ownership, improving profitability and increasing value. We plan to commence our improvement plan immediately upon purchase to improve the curb appeal and the desirability of the units. Our improvement plan consists of the following:
• Landscaping improvements
• Repair of siding & other minor damage
• External power-washing and other curb appeal enhancements
• Minor parking lot repairs
• 12-18 month program of systematically improving units with upgraded flooring, appliances, paint and finishes

With the current profitability level, combined with our planned improvements, Meadowlark is eligible for attractive financing options immediately. The strong performance of the property and favorable debt terms should produce a cash-on-cash return of 6% or greater in the first year of operations, growing thereafter.


  • Units: 56
  • Leverage: 68.5% of Total Project Cost
  • Pro-Forma 5 –Year Equity IRR*: 15% +
  • Acquisition Date: March 2016


*5-Year IRR is calculated based on total initial capital investment. Cash on Cash returns are calculated based on remaining equity invested after the refinance.

However some families become confused when arduous to get remedies from the Web because they don’t know how to do it. That’s why online pharmacies have grown in vogue over the past 10 years. Few medicaments are used to treat failure to keep an erection. At present varied articles were published about How effectual is Viagra? What scientists talk about “is there a generic cialis“? Other point we have to is “is there a generic for cialis“. Some antidepressants may add to sex drive dysfunctions, so its momentous to ineract with your physician so that the prescription can be tailored to your needs. To avoid the risk of objectionable side effects of Viagra avoid using any other medicines without preliminary discussion with your health care purveyor.