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MULTIFAMILY INVESTMENT OFFERING
                               Century Perimeter Park
6210 Peachtree Dunwoody Road, Sandy Springs GA 30328
10                                     7                                                                   8
                                                                                                                         Ashford Dunwoody Road
                                                                                                                                                                             285
                              9
                                                                     Perimeter Center W

                                                                                                                     1

                                                               3
        5
                                                                                                                                 4
                              6
                                                                         2
1   Perimeter Mall

2   Cox Communications Campus
3   7000 Central Park
                                                                                                                                    Peacht
4   Atlanta Journal-Constitution                                                                                                          ree-Dun
                                                                                                                                                 woody
                                                                                                                                                       Road
5   1155 Perimeter Center West
6   9000 Central Park
7   The Terraces
8   3 Ravinia
9   Crowne Point
10 Manhattan Condos

                                                                                                                                                 Property Summary
► CENTURY PERIMETER PARK                                                                                                                         6210 Peachtree Dunwoody Road
Jones Lang LaSalle has been retained to arrange the sale of Century Perimeter Park (the                                                          Atlanta, GA (DeKalb) 30328
“Property”), a 298-unit, Class A, garden-style apartment community located in the heart of
the Perimeter Center submarket of Atlanta.                                                                                                       Year Completed                 1998
Unmatched Location: The Property is located within the largest employment hub of Atlanta,                                                        No. of Apartment Homes           298
Perimeter Center, with 27 million SF of office space and 115,000 employees. In addition, the                                                     Net Rentable Area (SF)       332,042
Property enjoys close proximity to Perimeter Center Mall, three major hospitals, three MARTA rail
stations, and seven Fortune 1,000 headquarters. With excellent drive-by visibility off Peachtree                                                 Avg. SF per Unit               1,114
Dunwoody Road and an unparalleled location within the submarket, the Property’s location                                                         Effective Monthly Rent        $1,047
allows for superior connectivity and access to I-285 and GA 400.
                                                                                                                                                 Effective Monthly Rent/SF      $0.94
                                                                                                    Parking Garage




Excellent Demographics: With average household incomes exceeding $100,000 and                                                                    Occupancy                      97.0%
average housing values exceeding $380,000 within a three-mile radius of the property,
Perimeter Center is one of the most affluent submarkets in all of Atlanta.                                                                       Total Parking                    489
                                                                                                                                                 Parking Ratio                   1.64
                                                                                                                                   Dr




Hotspot for Job Growth: One out of every three Century Perimeter Park residents works just
across the street at Cox Communications, the fourth-largest employer and largest privately-held                                                  Land Area (acres)              10.55
company in Atlanta. Cox is currently expanding its 28-acre campus to include a 600,000 SF                                                        Density                        28.25
office building. When completed in 2012, the expansion will create an additional 1,000 jobs.
                                                                                                                         SITE MAP
► PROPERTY HIGHLIGHTS
Institutional Asset Quality: Built in 1998, the Property is
a well-maintained, Class A community with 9’ ceiling heights,
spacious floorplans and covered parking, all features that
the area’s successful young professional demographic finds
appealing.

Unit Features: The Property features a variety of spacious
floorplans, large walk-in closets, two-piece crown molding,
full-size washer/dryer connections, and ceiling fans. Top-floor
units feature trey ceilings in living rooms. Cut-pile carpet is
featured throughout living areas, and sheet vinyl flooring is in
kitchens, bathrooms, and laundry rooms. Entryways feature
ceramic tile flooring.

Property Features: The Property includes a clubhouse with
a resident business center, 24-hour fitness center, swimming
pool, sundeck and a gazebo with gas grill. There is also a
resident media room with surround sound. The site has
controlled-access entry gates with individual garage units,
storage units and a landscaped courtyard.


► INVESTMENT OPPORTUNITY

Organic Rent Growth: The Property has seen significant
rent growth recently and is capturing $85 or 10% increases
for its new leases. This increase is largely attributable to
improvement in market occupancies which are close to pre-
recession levels of 95% and higher and with improving overall                         No. of              Avg. Eff.          Avg. Eff.
fundamentals for the apartment industry.                            Unit Type         Units    Unit SF    Rent               Rent/SF

Repositioning Strategy: With rents in the submarket now
approaching $1.40/SF for the newest Class A properties, there       1 BD - 1BA        42       778        $845               $1.09
exists an opportunity for the Property to bridge the gap with its   1 BD - 1BA        16       872        $845               $0.97
newer neighbors through a modernization program while still
maintaining its competitive advantage in the market place for       1 BD - 1BA        69       933        $885               $0.95
the price sensitive consumer.                                       2 BD - 1BA        53       1,145      $1,080             $0.94
                                                                    2 BD - 2BA        72       1,294      $1,145             $0.88
Below Replacement Cost: With the zoning loophole now
                                                                    2 BD - 2BA        10       1,574      $1,233             $0.78
closed, this infill property is priced well below replacement
cost in one of the strongest employment submarkets and              3 BD - 2BA        36       1,429      $1,390             $0.97
highest barrier to entry markets in the entire Southeast.           Subtotals/Averages 298     1,114      $1,047             $0.94
                                                                                                       Based on May 10 LRO Daily Pricing.
23            365                                                                     124
                                                                                                                                                                                                  20              324


                                               Alpharetta
                                                                       400                                                                              Suwanee                         85



                   Roswell
                                                             19




                                                                                                                                                                          85
                                                                                                                                                                                                                           Jones Lang LaSalle Americas, Inc.
                                                                                                Johns Creek                            Duluth                                                     20                    3344 Peachtree Road NE, Suite 1200
                                                                                                                                                                                                                                     Atlanta, Georgia 30326
                                                                                                                                                                                                            124
                                                                                                                                                                                                                                                                 Auburn
                                                                                                                                                                                                                                                    316


                                                                                                                                                                                                                                                 Dacula

                                                                                                                                                                                                                                                          29
                                                                                                                                                                                                                  29
                                                                             Dunwoody                                       23
                                                                                                                                                                               316

                    Sandy                                         ™




                   Springs                                                                                    Norcross                                                                                 20
                                                 PERIMETER PARK                                                                                                                      Lawrenceville
                                                                                    141
                                                                                                                       85

                        285
                                                  285
                                                                                          Doraville
                                                                                          23                                                                                             124

                                                                                                                                                                                                                  EXCLUSIVELY PRESENTED BY
                                                                                                                                                                                                                   Grayson
                                                Chamblee                                                                                                                                                                   JONES LANG LASALLE
                               19
                                                                                                                                        Lilburn

             ATLANTA                                                                                                                                                                                                      FOR MORE INFORMATION
                                                                                                                                 29                                                                                               20
                                                                                                                                                                                                            84

                                                        Dekalb-Peachtree
                                                            Airport
                                                                                                           Tucker                                                                                                                          81
                                                                                                                                                                                                                                PLEASE CONTACT:
                                                                                                                                                                                     Snellville
                                                                                                                                                                                                                             78
                                                                  85
                                                                                                                                                                                                                                                   Derrick Bloom
                                                                                                                                                                                                                                                   Loganville
              41                    400
                                                                                                                                                    Mountain                                                                                   Managing Director
                                                                                                                                                     Park
                                                                                                                                                                                                                                                  404.995.2287
                   Buckhead
                                                                                                                78
                                                            23                                                                                                 78
                                                                                                                                                                                                                                       derrick.bloom@am.jll.com
                                                                                           29
         75

                                                                                                           Clarkston
                                                                                                                                                                                                                             20
                                                                                                                                                                                                                                                   David Gutting
                              85
                                                                                                                                                                                                                                             Managing Director
                                                                                                                                                                                                                                                         81
                                                                             78
                                                                                                     285                                                                                                                                         404.995.2283
        Midtown                           Druid Hills                  Decatur                                                                                                                                                         david.gutting@am.jll.com
                                                                                                                                                                                                                                                             Youth

                                                                                  278
                                                                                                                                                                                                                                                     Vince Lefler
                                                                                                                                                                                                                                           Senior Vice President
        Downtown                                                                                                                                                                                                                                 404.995.2383
                                                                                                                                                                                                                                                        Walnut
                                                                                                                                                                                                                                         vince.lefler@am.jll.com
                                                                                                                                                                                                                                                        Grove
                                                                                                                                      Redan
                                                                                                                                                                                                                                                          138
                                                                                                                                                                                                                                                    Porter Jones
                                                                                                                                                                                                                                                               81
                                          23                                                                                                                                                                                               138    Vice President
        29                                                                                      20                                            278                                                                                                404.995.2333
                   75                                                                                                                                          Lithonia
                                                                                                                                                                                                                                        porter.jones@am.jll.com
                                                                                                                                                                                                                            138
                                                                                                                                              20
4 166                                                                         285

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Century Perimeter Park

  • 1. MULTIFAMILY INVESTMENT OFFERING Century Perimeter Park 6210 Peachtree Dunwoody Road, Sandy Springs GA 30328
  • 2. 10 7 8 Ashford Dunwoody Road 285 9 Perimeter Center W 1 3 5 4 6 2 1 Perimeter Mall 2 Cox Communications Campus 3 7000 Central Park Peacht 4 Atlanta Journal-Constitution ree-Dun woody Road 5 1155 Perimeter Center West 6 9000 Central Park 7 The Terraces 8 3 Ravinia 9 Crowne Point 10 Manhattan Condos Property Summary ► CENTURY PERIMETER PARK 6210 Peachtree Dunwoody Road Jones Lang LaSalle has been retained to arrange the sale of Century Perimeter Park (the Atlanta, GA (DeKalb) 30328 “Property”), a 298-unit, Class A, garden-style apartment community located in the heart of the Perimeter Center submarket of Atlanta. Year Completed 1998 Unmatched Location: The Property is located within the largest employment hub of Atlanta, No. of Apartment Homes 298 Perimeter Center, with 27 million SF of office space and 115,000 employees. In addition, the Net Rentable Area (SF) 332,042 Property enjoys close proximity to Perimeter Center Mall, three major hospitals, three MARTA rail stations, and seven Fortune 1,000 headquarters. With excellent drive-by visibility off Peachtree Avg. SF per Unit 1,114 Dunwoody Road and an unparalleled location within the submarket, the Property’s location Effective Monthly Rent $1,047 allows for superior connectivity and access to I-285 and GA 400. Effective Monthly Rent/SF $0.94 Parking Garage Excellent Demographics: With average household incomes exceeding $100,000 and Occupancy 97.0% average housing values exceeding $380,000 within a three-mile radius of the property, Perimeter Center is one of the most affluent submarkets in all of Atlanta. Total Parking 489 Parking Ratio 1.64 Dr Hotspot for Job Growth: One out of every three Century Perimeter Park residents works just across the street at Cox Communications, the fourth-largest employer and largest privately-held Land Area (acres) 10.55 company in Atlanta. Cox is currently expanding its 28-acre campus to include a 600,000 SF Density 28.25 office building. When completed in 2012, the expansion will create an additional 1,000 jobs. SITE MAP
  • 3. ► PROPERTY HIGHLIGHTS Institutional Asset Quality: Built in 1998, the Property is a well-maintained, Class A community with 9’ ceiling heights, spacious floorplans and covered parking, all features that the area’s successful young professional demographic finds appealing. Unit Features: The Property features a variety of spacious floorplans, large walk-in closets, two-piece crown molding, full-size washer/dryer connections, and ceiling fans. Top-floor units feature trey ceilings in living rooms. Cut-pile carpet is featured throughout living areas, and sheet vinyl flooring is in kitchens, bathrooms, and laundry rooms. Entryways feature ceramic tile flooring. Property Features: The Property includes a clubhouse with a resident business center, 24-hour fitness center, swimming pool, sundeck and a gazebo with gas grill. There is also a resident media room with surround sound. The site has controlled-access entry gates with individual garage units, storage units and a landscaped courtyard. ► INVESTMENT OPPORTUNITY Organic Rent Growth: The Property has seen significant rent growth recently and is capturing $85 or 10% increases for its new leases. This increase is largely attributable to improvement in market occupancies which are close to pre- recession levels of 95% and higher and with improving overall No. of Avg. Eff. Avg. Eff. fundamentals for the apartment industry. Unit Type Units Unit SF Rent Rent/SF Repositioning Strategy: With rents in the submarket now approaching $1.40/SF for the newest Class A properties, there 1 BD - 1BA 42 778 $845 $1.09 exists an opportunity for the Property to bridge the gap with its 1 BD - 1BA 16 872 $845 $0.97 newer neighbors through a modernization program while still maintaining its competitive advantage in the market place for 1 BD - 1BA 69 933 $885 $0.95 the price sensitive consumer. 2 BD - 1BA 53 1,145 $1,080 $0.94 2 BD - 2BA 72 1,294 $1,145 $0.88 Below Replacement Cost: With the zoning loophole now 2 BD - 2BA 10 1,574 $1,233 $0.78 closed, this infill property is priced well below replacement cost in one of the strongest employment submarkets and 3 BD - 2BA 36 1,429 $1,390 $0.97 highest barrier to entry markets in the entire Southeast. Subtotals/Averages 298 1,114 $1,047 $0.94 Based on May 10 LRO Daily Pricing.
  • 4. 23 365 124 20 324 Alpharetta 400 Suwanee 85 Roswell 19 85 Jones Lang LaSalle Americas, Inc. Johns Creek Duluth 20 3344 Peachtree Road NE, Suite 1200 Atlanta, Georgia 30326 124 Auburn 316 Dacula 29 29 Dunwoody 23 316 Sandy ™ Springs Norcross 20 PERIMETER PARK Lawrenceville 141 85 285 285 Doraville 23 124 EXCLUSIVELY PRESENTED BY Grayson Chamblee JONES LANG LASALLE 19 Lilburn ATLANTA FOR MORE INFORMATION 29 20 84 Dekalb-Peachtree Airport Tucker 81 PLEASE CONTACT: Snellville 78 85 Derrick Bloom Loganville 41 400 Mountain Managing Director Park 404.995.2287 Buckhead 78 23 78 derrick.bloom@am.jll.com 29 75 Clarkston 20 David Gutting 85 Managing Director 81 78 285 404.995.2283 Midtown Druid Hills Decatur david.gutting@am.jll.com Youth 278 Vince Lefler Senior Vice President Downtown 404.995.2383 Walnut vince.lefler@am.jll.com Grove Redan 138 Porter Jones 81 23 138 Vice President 29 20 278 404.995.2333 75 Lithonia porter.jones@am.jll.com 138 20 4 166 285