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

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Columbia Village, continued<br />

Amenities<br />

In-Unit<br />

Blinds Carpeting<br />

Central A/C Coat Closet<br />

Dishwasher Ceiling Fan<br />

Garbage Disposal Oven<br />

Refrigerator Walk-In Closet<br />

Washer/Dryer hookup<br />

Property<br />

Business Center/Computer Lab Clubhouse/Meeting<br />

Off-Street Parking On-Site Management<br />

Picnic Area Playground<br />

Comments<br />

Security<br />

In-Unit Alarm<br />

Limited Access<br />

Perimeter Fencing<br />

Video Surveillance<br />

Premium<br />

None<br />

Services<br />

The contact stated that they have one vacancy in the one-bedroom units, two vacancies in the two-bedroom units <strong>and</strong> one vacancy in the three-bedroom units, but could<br />

not confirm if they were at the 50% or 60% restriction. The contact also noted that they typically stay around 99 percent occupied, <strong>and</strong> noted that sometimes they just<br />

get unlucky with tenants moving out all at once. The current concession is $300 <strong>of</strong>f the first month, $200 <strong>of</strong>f the second month <strong>and</strong> $100 <strong>of</strong>f the third month. The<br />

contact noted that they have a waiting list that is currently closed. The contact also stated that there is a very strong dem<strong>and</strong> in the area for low-income housing units.<br />

© Novogradac & Company LLP 2008 - All Rights Reserved.<br />

None<br />

Other<br />

None

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