Proximity to Georgia’s Largest Employment Hub

• Park Place Apartments benefits from a strategic East Point location near Hartsfield-Jackson Atlanta International Airport, one of the most important employment anchors in the Southeast. The airport supports more than 63,000 on-site jobs and generates $34.8 billion in annual economic impact for metro Atlanta, making it a major driver of consistent housing demand in the surrounding South Fulton communities.
• The airport employment base spans airlines, ground transportation, concessions, logistics, security, municipal operations, hospitality, and passenger services, creating a broad range of renter demand across income levels. Concessions alone represent the airport’s largest hiring division and include restaurants, coffee stands, retail shops, newsstands, gift shops, and related service businesses.
• East Point is also part of the broader Aerotropolis Atlanta corridor, a public-private economic development initiative focused on improving regional competitiveness around Hartsfield-Jackson. The Aerotropolis area continues to attract businesses that benefit from airport proximity, including logistics, corporate, hospitality, and aviation-related users.
• In addition to airport-driven employment, the Property offers connectivity to the East Point MARTA Station and major regional roadways, allowing residents to access job centers throughout the Atlanta metro without relying solely on neighborhood-based employment. This combination of airport proximity, transit access, and regional connectivity supports durable renter demand for well-located East Point housing.

Demonstrated Rent Growth with Additional Loss-to-Lease Upside

• Park Place Apartments has demonstrated meaningful rent growth, with average rents increasing from $967 in 2022 to $1,303 today, representing a $336 per unit increase and 34.8% total rent growth over the period.
• On an annualized basis, the Property has achieved approximately 6.1% average annual rent growth, highlighting strong tenant demand and continued revenue growth within the East Point market.
• Despite this growth, the Property still offers additional loss-to-lease upside, with several leases already achieving $1,300 per month. This provides an incoming owner the opportunity to continue marking rents closer to proven in-place levels as leases renew.
• With the Property currently 100% occupied, there is demonstrated demand for the unit mix and location. Given the existing rent momentum, an incoming owner may have the ability to renew select $1,300 per month leases at approximately $1,340 per month, further supporting organic income growth without relying on major repositioning.