Brentwood: A Case Study

Decatur, GA

A Smaller-Budget Project Produces Excellent Results

Brentwood is a 156-unit multifamily complex in Decatur, Georgia. The property is well-situated on 11 acres of land in a growing area known for its artistic and educated populace.

Before REAP Capital acquired the property, additional class C residential development was already in progress nearby, and adjacent tracts of land were also being acquired. This suggested that Brentwood was in the path of growth, another advantage in addition to its location close to neighborhood amenities and its access to Greater Atlanta.

However, at the time, Brentwood was in need of extensive renovation. While the property was well built and structurally sound, its apartments were out-of-date and its amenities dilapidated. REAP Capital had limited capitalization for the project, with only $1.6 million to put toward improvements for all 156 units plus common areas, which included a swimming pool.