COMMUNIQUÉ DE PRESSE

par Viking Capital Investments LLC

Viking Capital Investment Offering- 90% Subscribed

Stewart's Mill Value Add Investment Offering

ATLANTA, GA / ACCESSWIRE / November 28, 2023 / Viking Capital is pleased to announce the overwhelming success of its latest investment opportunity, Stewart's Mill, a 188-unit Value-Add offering that is currently 90% subscribed, with the Reserve class nearly at full capacity.

Stewart's Mill Investment Offering
Stewart's Mill Investment Offering
Stewart's Mill AAR



The outlook for investors in Stewart's Mill is promising, with projected annualized returns (AAR) ranging from 16-18%. Moreover, a projected equity multiple of 1.8 to 2.0x underscores the robust potential of this acquisition. It is worth highlighting that the purchase price is a remarkable 17% below the market average, and a rate cap of 6.12% showcasing Viking Capital's strategic expertise.

Situated in the highly sought-after I-20 West submarket, Stewart's Mill provides residents with exceptional access to major job centers in Atlanta, including downtown Atlanta and the expansive Fulton Industrial Corridor. This prime location ensures a convenient commute for residents and economic stability for investors.

The acquisition of Stewart's Mill aligns seamlessly with Viking Capital's commitment to high-potential markets, especially considering Atlanta's 29-county Metropolitan Statistical Area ranking as the ninth-largest and one of the fastest-growing in the nation.

Viking Capital's vision for Stewart's Mill includes an extensive value-add renovation covering over 73% of the units. This strategic investment emphasizes Viking Capital's dedication to providing enhanced value, with the potential to achieve rental premiums exceeding $175 per unit.

To learn more about this investment offering see our deal details below:

https://vikingcapllc.investnext.com/portal/offerings/4578

Contact Information

Ashley Penrod
Director of Marketing
apenrod@vikingcapllc.com
2088599720

SOURCE: Viking Capital

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