October 21, 2019
Lead Equity Group, a Texas based multifamily acquisition company, has closed on the purchase of Gateway Calhoun- a 96-unit property in Calhoun, Georgia.
“We found this asset through our relationships in the industry and were able to negotiate a price and structure that solved the seller’s issues” according to Chris Clark- Partner at Lead Equity Group.
The property was built in 1984 & 2004 and has been nearly 100% full over the past several years. “We acquired a property in very good condition and very little deferred maintenance,” said Mark Nusbaum, Partner of Lead Equity Group. “We were able to work with the seller to really create a win-win situation for both parties.”
Lead secured debt financing through Fannie Mae and raised equity from investors who are projected to receive double digit cash on cash returns day one.
This was the second multifamily acquisition for the Partners of Lead Equity Group in the northern Georgia market in the last year. “The strength of the northern Georgia market combined with strong economic growth in the Southeast overall and reasonable pricing allow us to offer investors a very strong combination of current income and asset appreciation” according to Clark.
About Lead Equity Group
Lead Equity Group is a multifamily acquisition and property management company with over $80 million of assets under advisement. Headquartered in Dallas, the Company is focusing on the growing areas of Georgia and Northern Florida markets.
Contact: Chris Clark, firstname.lastname@example.org