and

Present

Cherry Tree Hill Apartments
Macon, Georgia

Present

Cherry Tree Hill 
Apartments
Macon, Georgia

152 Units 
Est. 1983

$6.050,000
Purchase Price

$40,000
Price per Unit

94%
Occupancy

$510
Avg. Rent

7%
Preferred Return

2.75X
Investment Multiple

IRR

18.28%
Internal Rate of Return

7 Years
Investment Period

Oct 30th, 2020
Deadline

152 Units 
Est. 1983

$6.050,000
Purchase Price

$40,000
Price per Unit

94%
Occupancy

$510
Avg. Rent

7%
Preferred Return

2.75X
Investment Multiple

IRR

18.28%
Internal Rate of Return

7 Years
Investment Period

Oct 30, 2020 
Deadline

INVESTMENT OPPORTUNITY
OUR OPEN OFFER
Biscayne Companies and Silva Partnership, are pleased to present our most recent investment opportunity of 152 apartment units at Cherry Tree Hill Apartments, located in Macon, Georgia, which is experiencing rapid expansion and only 84 miles from Atlanta.

Built in 1983, Cherry Tree Hill Apartments offers an excellent opportunity to invest in one of the most sought-after neighborhoods in Macon, with high value-added assets and growing organic rents.


HIGHLIGHTS
  • ​MACON’S GROWTH CONTINUES
One of Macon-Bibb County's key strengths is its strategic location in the heart of Georgia, at the junction of Interstates 75 and 16, and just 75 minutes south of Atlanta.
  • ​MACON'S EMPLOYMENT MATURING
Macon-Bibb County has become an attractive location for businesses. With a population of more than 390,000 inhabitants in a radius of 30 miles; 4 main sea ports, just 4 hours away, international air cargo facilities; two rail tracks and the largest rail switching hub on the east coast make Macon-Bibb an ideal location.
  • KEY INDUSTRIES
With its central location and infrastructure, Macon offers warehousing and distribution, automotive, aerospace, advanced manufacturing, agriculture, healthcare, education and defense industries.
  • STRONG PROPERTY PERFORMANCE
The average occupancy has been consistently high over the past 10 years and the property's average effective rent is $143 below the market average. Our strategy is to generate a significant increase through the renovation of the 152 units and common areas.

DEVELOPMENT & EXPANSIONS ABOUND
The currently underway expansion project of Interstate 75 for commercial vehicles will create barrier-separated truck lanes on I-75 from the Atlanta metro area to Macon. The project will improve cargo mobility from the Port of Savannah and Florida and promote economic development along the corridor.

Macon is a telecommunications hub and has designated industrial parks for fiber optics., aerospace, automotive, food processing, warehousing and distribution industries.

INVESTMENT HIGHLIGHTS

  • The debt (70% of the price) was calculated based on an interest rate of 3.75% and we plan to obtain between 3.40% and 3.60%, with interest only payment for the first 24 months, which would increase the yield.
  • ​Cherry Tree Hill Apartments has maintained strong occupancy and is experiencing below-market rents.
  • ​The increase in effective income will be carried out through a program of remodeling the exteriors and amenities during years 1 and 2 of operation, to increase the target of the tenants.

TIMELINE

  PHASE 1 | OPTIMIZE OPERATION

  • ​Apply a water preservation plan.
  • ​Apply an energy saving plan.
  • Modify the name of the complex. (Biscayne Hill Apartments) 

   PHASE 2 | EXTERIORS

  •  Install new roofs.
  •  General painting and gardening.
  •  Construction of playground and pets park.

  PHASE 3 | INTERIORS

  • ​Renewal of 100 units in years 3 and 4.
  • ​Install vinyl flooring, lighting fixtures, plumbing.
  • ​Update kitchens and bathrooms.

   PHASE 4 | EXIT STRATEGY

  •  Asset evaluation.
  •  Disposition of assets in year 7.

Get access to more detailed information:

777 Brickell Ave. Suite 500
Miami, Florida 33131

info@biscayneco.com

611 South Federal Highway
Fort Lauderdale FL 33301

info@silvapartnership.com

INVESTMENT OPPORTUNITY 
OUR OPEN OFFER
Biscayne Companies and  Silva Partnership, are pleased to present our most recent investment opportunity of 152 apartment units at the Cherry Tree Hill Apartments, located in Macon, Georgia, which is experiencing rapid expansion and only 84 miles from Atlanta.

Built in 1983, Cherry Tree Hill Apartments offers an excellent opportunity to invest in one of the most sought-after neighborhoods in Macon, with high value-added assets and growing organic rents.
HIGHLIGHTS
  • ​MACON’S GROWTH CONTINUES
One of Macon-Bibb County's key strengths is its strategic location in the heart of Georgia, at the junction of Interstates 75 and 16, and just 75 minutes south of Atlanta.
  • ​MACON'S EMPLOYMENT
Macon-Bibb County has become an attractive location for businesses. With a population of more than 390,000 inhabitants in a radius of 30 miles; 4 main sea ports, just 4 hours away, international air cargo facilities; two rail tracks and the largest rail switching hub on the east coast make, Macon-Bibb an ideal location.
  • ​KEY INDUSTRIES
With its central location and infrastructure, Macon offers warehousing and distribution, automotive, aerospace, advanced manufacturing, agriculture, healthcare, education and defense industries.
  • STRONG PROPERTY PERFORMANCE
The average occupancy has been consistently high over the past 10 years and the property's average effective rent is $143 below the market average. Our strategy is to generate a significant increase through the renovation of the 152 units and common areas.
DEVELOPMENT & EXPANSIONS 
The currently underway expansion project of Interstate 75 for commercial vehicles will create barrier-separated truck lanes on I-75 from the Atlanta metro area to Macon. The project will improve cargo mobility from the Port of Savannah and Florida and promote economic development along the corridor.

Macon is a telecommunications hub and has designated industrial parks for fiber optics, aerospace, automotive, food processing, warehousing and distribution industries.

INVESTMENT HIGHLIGHTS

  • The debt (70% of the price) was calculated based on an interest rate of 3.75% and we plan to obtain between 3.40% and 3.60%, with interest only payment for the first 24 months, which would increase the yield.
  • ​​Cherry Tree Hill Apartments has maintained strong occupancy and is experiencing below-market rents.
  • ​​The increase in effective income will be carried out through a program of remodeling the exteriors and amenities during years 1 and 2 of operation, to increase the target of the tenants.

TIMELINE

  PHASE 1 | OPTIMIZE OPERATION

  • Apply a water preservation plan.
  • ​​​Apply an energy saving plan.
  • ​Modify the name of the complex. (Biscayne Hill Apartments) 

  PHASE 2 | EXTERIORS

  • Install of new roofs.
  • ​General painting and gardening.
  • ​Construction of playground and pets park.

    PHASE 3 | INTERIORS

  • Renewal of 100 units in years 3 and 4.
  • ​​Install vinyl flooring, lighting fixtures, plumbing.
  • ​Update kitchens and bathrooms.

  PHASE 4 | EXIT STRATEGY

  • Asset evaluation.
  • D​isposition of assets in year 7.

Get access to more detailed information:

777 Brickell Ave. Suite 500
Miami, Florida 33131

info@biscayneco.com
611 South Federal Highway
Fort Lauderdale FL 33301

info@silvapartnership.com
LEGAL NOTICE

The information included is a summary of the investment that is provided to potential investors and others. This information is not an offer to sell a security or a request to sell a security. At the request of a recipient, the Company will provide a private placement memorandum, subscription agreement and operating agreement for the limited liability company. The Managing Partner / General Partner in no way guarantees the projections contained in this document. Real estate values, income, expenses and development costs are affected by a multitude of forces outside of Management, Member Control / GP. This investment is not liquid and only those people who can and are willing to risk their entire investment should participate. Consult your attorney, CPA, and / or professional financial advisor on the suitability of your investment.
LEGAL NOTICE

The information included is a summary of the investment that is provided to potential investors and others. This information is not an offer to sell a security or a request to sell a security. At the request of a recipient, the Company will provide a private placement memorandum, subscription agreement and operating agreement for the limited liability company. The Managing Partner / General Partner in no way guarantees the projections contained in this document. Real estate values, income, expenses and development costs are affected by a multitude of forces outside of Management, Member Control / GP. This investment is not liquid and only those people who can and are willing to risk their entire investment should participate. Consult your attorney, CPA, and / or professional financial advisor on the suitability of your investment.
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