1. For More Information, Please Contact:
Daniel Alexander, Principal | 213.290.4449 | daniel@ahcapital.com | www.ahcapital.com
Moores Mill Village
2453 Coronet Way
atlanta, Ga 30318
Units year BUilt
172 1965
JUne 2015 t3 noi
$612,000
rehaB
$0.7M
staBilized ValUe
$11M
Case studY
The OPPOrTuniTy
Moores Mill Village presented a unique opportunity
to invest in a very well located, distressed multifamily
asset. The property is strategically located in a
transitional neighborhood immediately adjacent
to some of the nicest residential communities in
all of Atlanta—a prime location near the bustling
neighborhoods of Buckhead and Midtown, with
convenient access to both interstates 75 and 85 and
close proximity to many job centers. The property
had significant deferred maintenance and had been
mismanaged for many, many years.
The PurchAse sTrATegy
Ah capital purchased Moores Mill Village out of
foreclosure – one of the many casualties of the
Lehman Brothers cMBs program. Multiple investors
entered the bidding process with prices in the $3.8M
to $4M price range. ultimately Ah capital was
awarded the property for a discounted purchase
price of $3.3M largely due to Ah capital’s aggressive
terms. Thanks to the firm’s meticulous due diligence
efforts prior to the final bidding round, AH Capital
was able to meet the seller’s goal of a quick, non-
contingent closing within 30 days.
1x1 2x1 3x2
$1000
$900
$800
$700
$600
$500
MOORES MILL VILLAGE RENT GROWTH SINCE ACQUISITION
42%
36%
25%

2. Performance Summary
At Acquisition T3 June 2015 Percent Change
Value $3,300,000 $11,000,000 334%
NOI $135,000 $612,000 453%
Acquisition/Rehab (June 2012)
Acquisition Price 3,300,000
Rehab 700,000
Total 4,000,000
Financing
Debt 2,300,000
Equity 1,700,000
Total 4,000,000
Proforma (Rent Increase):
Based on trends from T3
Income $1,512,291
Expenses $767,138
NOI $745,153
Debt Service 208,000
CapEx 43,000
Net Income 494,153
siTe cuLTure iMPrOVeMenT AnD reBrAnDing
After purchasing Moores Mill Village, Ah capital immediately implemented its proprietary site culture improvement
process to reposition and rebrand the property. Ah capital brought in its proven property management team from
Sycamore Property Management, an affiliate of AH Capital, which immediately set out to improve customer service and
address the needs of the residents and the community. sycamore Property Management was able to quickly improve
collections and significantly reduce operating expenses by installing its systems and processes and renegotiating
contracts with vendors and suppliers.
At the same time, Ah capital launched a targeted rebranding effort and invested in capital improvements to address
both the necessary deferred maintenance and the opportunity to improve rents. Ah capital replaced all the roofs,
installed low-flow plumbing fixtures and in-unit water sub-meters, and invested in all new energy-efficient appliances.
To attract the best tenant profile in the submarket, AH Capital upgraded all the units to the AH branded standard, a
modern-inspired theme with clean, neutral finishes. In addition, AH Capital
installed a new state-of-the-art onsite laundry facility, upgraded the pool and
mail center, and installed a whole new sign package. To improve safety, Ah
capital added security cameras, repaired the gates, and added bright exterior
lighting.
resuLTs
In the very first year, AH Capital was able to increase NOI from $160,000 to
$337,000. The average rent of the property has been raised from $600 per unit
(at purchase) to $840 per unit, an increase of $240 per unit. The occupancy is stable at 94%. After investing a total of
$4M in the deal, AH Capital secured a $3.4M non-recourse, fixed-rate 10-year loan at 6%. With the addition of a new
commercial development, anchored by a Publix, being built across the street, and huge growth within theWest Midtown
submarket, Moores Mill is now expected to sell for approximately $11M.
The renovations and upgrades
produced a more appealing,
modern apartment community with
a safe and secure environment.