CONSTRUCTION & DESIGN OF TOMORROW’S UNIT & SECURING CAPITAL FOR UPCOMING DEVELOPMENTS

Atlanta’s multifamily residential market is starting to see some headwinds for the first time in years: a flood of deliveries has led to a steadily increasing vacancy rate and accompanying flattening of rental growth. A turbulent financial market has led to an increasing push for more luxury units, all while affordability and the available income for rental units has come into focus. We will discuss the best strategies for delivering the type of product that resonates with today’s residents, where to invest to optimize unit attractiveness while maintaining construction cost and timelines. Furthermore, while a tremendous amount of supply has hit the market, the recent PwC report of real estate investors still has tremendous regard for Atlanta, where the market placed 4th in both overall real estate and homebuilding prospects. We will cover how to fill capital stacks for future development: navigating LP selectiveness, where debt sources can still be secured and other innovative financing mechanisms to ensure that projects pencil.