Strategy: Classic Renovation
Units: 210
Year Built: 2004
Total Capitalization: $24,180,000
Renovation Budget: $1,200,000

Villas at Princeton Lakes is a current asset in SCH’s portfolio. A value add multi-family acquisition, ownership budgeted the renovation of 124 units plus exterior/site renovations. Purchased in April 2018, ownership has renovated all the units in half the time, and is achieving rental rate growth in excess of $236. Villas is located near the ever expanding Hartsfield
Jackson International Airport (serving the most passengers annually in the world) and is proximate to the burgeoning movie industry (Georgia’s movie industry is second to Hollywood in the US)