a market conditions and project evaluation summary of - Georgia ...

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Allen Wilson Phase III, Decatur, GA; Market Study Of the properties in the previous table, we have included Allen Wilson I, Archstone Decatur Crossing, and Ice House Lofts as comparables in our analysis. 8. Existing Assisted Rental Housing Property Map: The following map and list identifies all assisted rental housing properties in the PMA. Included/ Distance to Name Type Tenancy Excluded Reason for Exclusion Subject Map Color Budd Terrace Section 8 Elderly Excluded Rent structure not comparable 3.5 miles Wesley Woods Section 8 Elderly Excluded Rent structure not comparable 3.5 miles Decatur Christian Towers Section 8 Elderly Excluded Rent structure not comparable 1.6 miles Clairmont Oaks Section 8 Elderly Excluded Rent structure not comparable 0.6 miles Oak Forest Apts Section 8 Family Excluded Rent structure not comparable 4.2 miles Philips Towers Section 8 Elderly Excluded Rent structure not comparable 0.4 miles Booth Residence Section 8 Elderly Excluded Rent structure not comparable 3.4 miles Edgewood Court Apts Section 8 Family Excluded Rent structure not comparable 3.2 miles Presley Woods (aka Kirkwood) Section 8 Family Excluded Rent structure not comparable 1.7 miles Shepherd Center Section 8 N/Av Excluded Rent structure not comparable 1.4 miles Communty Housing Inc Section 8 Disabled Excluded Rent structure not comparable 2.7 miles Columbia Senior Residences at Edgewood LIHTC Elderly Excluded Tenancy not comparable 3.8 miles Kirkwood Gardens LIHTC Family Excluded Inferior age/condition 2.4 miles Forest Heights LIHTC Family Excluded Inferior age/condition 2.8 miles Brittany Apartments LIHTC Family Excluded Inferior age/condition 4.6 miles Tuscany Village LIHTC Family Excluded Inferior age/condition 4.7 miles Birch Grove (fka Cedar Creek) LIHTC Family Excluded Inferior age/condition 4.3 miles Delano Place LIHTC Family Excluded Inferior age/condition 3.8 miles Courtyards at Glenview LIHTC Family Excluded Inferior age/condition 4.9 miles Sycamore Chase (fka Maple Glen) LIHTC Family Excluded Inferior age/condition 3.1 miles Retreat At Edgewood LIHTC Family Included N/Ap 3.0 miles Retreat At Edgewood II LIHTC/Market Family Excluded Under construction 3.0 miles Columbia Park LIHTC Family Excluded Allocated but project is on hold 1.3 miles Allen Wilson Terrace I LIHTC/PH Family Included N/Ap adjacent Allen Wilson Terrace II LIHTC/PH Senioir Excluded Tenancy not comparable adjacent Allen Wilson Terrace III LIHTC/PH Family - - Subject Novogradac & Company LLP 20
Novogradac & Company LLP 21 Allen Wilson III, Decatur, GA; Market Study
Page 1 and 2: A MARKET CONDITIONS AND PROJECT EVA
Page 3 and 4: Mr. Douglas S. Faust Executive Dire
Page 5 and 6: author or the firm with which he or
Page 7 and 8: TABLE OF CONTENTS A. EXECUTIVE SUMM
Page 9 and 10: EXECUTIVE SUMMARY AND CONCLUSIONS A
Page 11 and 12: Allen Wilson Phase III, Decatur, GA
Page 17 and 18: B. PROJECT DESCRIPTION
Page 19 and 20: Comp # Subject Effective Rent Date
Page 21 and 22: C. SITE EVALUATION
Page 27: Allen Wilson Phase III, Decatur, GA
Page 31 and 32: D. MARKET AREA
Page 33 and 34: Comparable Properties Allen Wilson
Page 41 and 42: F. EMPLOYMENT TRENDS
Page 51 and 52: PROJECT-SPECIFIC DEMAND ANALYSIS
Page 69 and 70: Novogradac & Company, LLP 61 Allen
Page 71 and 72: Allen Wilson III, Decatur, GA; Mark
Page 73 and 74: Comparable Rental Property Map Alle
Page 75 and 76: SUMMARY MATRIX Comp # Project Dista
Page 77 and 78: Effective Rent Date 5/23/2012 Locat
Page 79 and 80:
Allen Wilson Phase I, continued Tre
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Auburn Glenn, continued Unit Mix (f
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Effective Rent Date 5/03/2012 Locat
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Columbia Village, continued Trend R
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Retreat At Edgewood, continued Amen
Page 91 and 92:
Robins Landing Apartments, continue
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Archstone Decatur Crossing (fka Gra
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Ice House Lofts, continued Amenitie
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Jackson Square, continued Trend Rep
Page 103 and 104:
Villages Of East Lake I And II, con
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Villages Of East Lake I And II, con
Page 107 and 108:
2. The following information is pro
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Allen Wilson Phase III, Decatur, GA
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Allen Wilson Phase III Allen Wilson
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Page 133 and 134:
I. Education STATEMENT OF PROFESSIO
Page 135 and 136:
H. Blair Kincer Qualifications Page
Page 137:
STATEMENT OF PROFESSIONAL QUALIFICA
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