a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
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Novogradac & Company, LLP 64<br />
Allen Wilson III, Decatur, GA; Market Study<br />
GENERAL MARKET OVERVIEW<br />
Name Type Tenancy Distance Occupancy*<br />
Included/<br />
Excluded Reason for Exclusion<br />
Parkway Gr<strong>and</strong> (fka Woodberry Village) Market Family 0.5 miles 94% Excluded Closer, more comparable properties available<br />
Spring Pointe Apartments Market Family 1.7 miles 98% Excluded Closer, more comparable properties available<br />
Ice House L<strong>of</strong>ts Market Family 1.2 miles 100% Included N/Ap<br />
Jackson Square Market Family 2.7 miles 91% Included N/Ap<br />
Archstone Decatur Crossing (fka Grayson Park) Market Family 1.3 miles 99% Included N/Ap<br />
Avondale Station Apts Market Family 2.1 miles N/Av Excluded Closer, more comparable properties available<br />
Clairmont Crest Market Senior 3.0 miles 97% Excluded Tenancy not comparable<br />
Willamsburg Apartment Homes Market Mixed 3.8 miles 89% Excluded Closer, more comparable properties available<br />
Forest Heights LIHTC Family 2.8 miles 96% Excluded Inferior age/condition<br />
Kirkwood Gardens LIHTC Family 2.4 miles 98% Excluded Inferior age/condition<br />
Brittany Place LIHTC Family 4.6 miles 74% Excluded Inferior age/condition<br />
Budd Terrace Section 8 Senior 3.5 miles N/Av Excluded All units are subsidized<br />
Wesley Woods Section 8 Senior 3.5 miles N/Av Excluded All units are subsidized<br />
Decatur Christian Towers Section 8 Senior 1.6 miles 100% Excluded All units are subsidized<br />
Clairmont Oaks Section 8 Senior 0.6 miles N/Av Excluded All units are subsidized<br />
Oak Forest Apts Section 8 Family 4.2 miles N/Av Excluded All units are subsidized<br />
Philips Towers Section 8 Senior 0.4 miles 100% Excluded All units are subsidized<br />
Booth Residence Section 8 Senior 3.4 miles N/Av Excluded All units are subsidized<br />
Edgewood Court Apts Section 8 Family 3.2 miles N/Av Excluded All units are subsidized<br />
Presley Woods (aka Kirkwood) Section 8 Family 1.7 miles N/Av Excluded All units are subsidized<br />
Shepherd Center Section 8 N/Av 1.4 miles N/Av Excluded All units are subsidized<br />
Communty Housing Inc Section 8 Disabled 2.7 miles N/Av Excluded All units are subsidized<br />
Columbia Senior Residences at Edgewood LIHTC Senior 3.8 miles 98% Excluded Tenancy not comparable<br />
Birch Grove (fka Cedar Creek) LIHTC Family 4.3 miles 91% Excluded Inferior age/condition<br />
Delano Place LIHTC Family 3.8 miles 100% Excluded Inferior age/condition<br />
Courtyards at Glenview LIHTC Family 4.9 miles 91% Excluded Inferior age/condition<br />
Sycamore Chase (fka Maple Glen) LIHTC Family 3.1 miles 93% Excluded Inferior age/condition<br />
Retreat at Edgewood LIHTC Family 3.0 miles 100% Included N/Ap<br />
Retreat at Edgewood II** LIHTC/Market Family 3.0 miles N/Ap Excluded Proposed<br />
Columbia Park LIHTC Family 1.3 miles N/Ap Excluded Project is on hold<br />
Allen Wilson Phase I LIHTC/PH Family adjacent 100% Included N/Ap<br />
Allen Wilson Phase II** LIHTC/PH Senior adjacent N/Ap Excluded Tenancy not comparable<br />
AVERAGE<br />
*Occupancy within the last 12 months<br />
**Proposed or Under Construction<br />
95%
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