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The
Gardens at Lake Spivey
www.lakespiveyapts.com |
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| Completed in May 2005, the Gardens at Lake Spivey represents SECP’s first foray into an age-restricted (55 years of age or older) apartment development. The 10+ acre site, located in Clayton County, Georgia, was selected due to its convenient location to commercial and retail centers, health care facilities, and recreational facilities, such as the Lake Spivey golf course. The rectangular-shaped building was designed to create a private courtyard space for the residents, which houses the swimming pool, sun deck, barbecue grill areas, outdoor fireplace, landscaped gardens and walkpaths. The community will feature a wide range of amenities, including a fitness and aerobics center, 30-seat movie theatre, Oak Card and Game Room, Cherokee Rose library, salon/massage room, as well as the Magnolia Lounge with widescreen TV, game tables, billiards and sitting areas. There are 200 apartment homes in six floor plan styles, including both one and two bedrooms, ranging from approximately 600 square feet to 1,050 square feet. Each apartment home features gourmet kitchens, private patios or balconies, large closets, washer and dryer connections, and individual energy-efficient HVAC systems. |
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Block Lofts Apartments
Apartments
http://www.blockloftsapts.com |
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Completed in April 2005, Block Lofts is an exciting in-town apartment and condominium development located on Ralph McGill Boulevard in Atlanta, GA. The property is set on 6.5-acres adjacent to The Carter Center and Freedom Park and a short walk from the new shopping district on Ponce de Leon Avenue. There are 244-apartment homes in one and two-bedroom floor plans ranging from 600 square feet to over 1,200 square feet. Interior amenities include ceramic tile entries, kitchen floors, backsplashes and baths, cherry wood cabinets in kitchens and baths, designer lighting, and black-on-black appliances. Units will also be offered with sealed concrete floors and lofts with spectacular skyline views and stainless steel appliances. Block Lofts offers unsurpassed amenities including a resort style courtyard with junior Olympic size lap pool, 24-hour fitness center, elegant Sapphire clubroom, private cyber café complete with computer access and an outdoor fireplace and barbeque area. Intermingled within the buildings are a variety of private courtyards featuring unique landscaping and green space. In addition to the apartment homes, there are 69-condominium for-sale homes which have completely sold out. |
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Cavalier
Creekside Apartments
SOLD MAY 2005
www.cavaliercreekside.com |
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| Completed in November 2003, Cavalier Creekside Apartments marks SECP’s journey into the underdeveloped South DeKalb County market. This exceptionally designed community contains 280-units and was developed for approximately $20 million. The community consists of one, two and three-bedroom apartment homes featuring nine- unique floor plans ranging from 772 square feet to over 1,550 square feet. Interior amenities include nine-foot ceilings, ceramic tile entryways, designer kitchens with black appliances and tile backsplashes, spacious walk-in closets, crown molding, chair rail in dining areas and patios or balconies in each apartment home. Additional interior features include garden tubs, arched case openings, built-in computer desks, and spiral staircases in loft apartments. Recreational amenities abound in this community including a luxurious two-story clubhouse, sparkling swimming pool, executive business center, fully equipped fitness center, innovative children’s playground, car care facility and picnic areas with barbecue grills. This outstanding community has leased twice as fast as any comparable property in Atlanta, averaging 40 leases per month. Cavalier Creekside has a convenient location with its proximity to Stonecrest Mall, the freeway system, retail, parks and churches. |
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The
Stratford Apartments
UNDER CONTRACT MAY 2005
www.thestratfordapts.com |
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| Acquired by SE Apartment Investors I, LLC in May 2003, The Stratford Apartments is a 247-unit apartment home community located in Cary, North Carolina, the premiere bedroom community outside of Raleigh. The Stratford was purchased for approximately $14.6 million. The community consists of one, two and three-bedroom apartment homes with six floor-plan styles to complement every lifestyle requirement. Nine-foot ceilings, gas fireplaces, garden windows, energy efficient appliances and garden tubs account for just some of the myriad interior amenities. A renovation of approximately $1.1 million is currently underway whose ultimate result will produce a newly designed clubhouse, leasing facility, sixteen-station health club, playground, barbecue and picnic area along with replacement of siding, complete remodeling of the exterior, new roofs, canvas awnings, full signage package, landscape and drainage improvements, hot water heater replacements, and carpet and vinyl upgrades. The stabilized value of this asset is expected to exceed $18 million. |
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The
Preserve at Brentwood
SOLD MAY 2004
www.preserveatbrentwood.com |
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| The Preserve at Brentwood was purchase by SE Apartment Investors I, LLC in September 2002, as part of a $400 million investment fund that was established in July 2002. The Preserve at Brentwood is a 360-unit apartment home community, featuring one, two and three-bedroom apartments in five floor-plan styles, located in Brentwood (only minutes from downtown Nashville), Tennessee. Built in 1997, this community was purchased for approximately $25.3 million and has undergone a renovation that included new signage, entry gates with cameras, landscape enhancements, new pool furniture, painting the clubhouse and all trim on the property and upgrading the fitness facility, thus increasing the stabilized estimated value to $28 million. Interior elements include nine-foot ceilings, crown molding, gourmet kitchens, huge walk-in closets, and expansive windows. This community is spread over almost 25-acres of wooded, rolling hills and features two resort-style pools, a private 24-hour fitness facility, an elegant clubhouse and detached private garages. |
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Southeast Capital Partners,
Inc. • 3333 Riverwood Pkwy, Suite 250, Atlanta, GA 30339
Phone 404-504-0500 • Fax 404-504-9866 • Copyright ©2003
• All Rights Reserved
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