Under Construction

Alexander Crossing

Loganville, GA
240
Units
Vintage:
2002
N/A
Type:
Affordable

Investment Overview

Project Overview

Alexander Crossing was acquired on June 9th, 2022, as part of a two-property portfolio including Orchard Springs. Alexander Crossing was constructed in 2002 and 70% of the units are subject to a land use restriction agreement (LURA) limiting tenant incomes to 60% of area median income (AMI).

Property Highlights

Built in 2002, the 240-unit townhouse style apartment is located in Loganville, a desirable suburban bedroom community located 40 minutes northeast of downtown Atlanta. The housing market is predominantly comprised of single-family homes with a limited supply of rental apartments (900-units). As a result, apartment communities enjoy high demand and low vacancy.

Loganville has an incredible need for affordable housing. Loganville has attracted large box retailers in recent years to meet the demand of a growing market area. This includes a Walmart Supercenter, Publix Super Market, Dicks Sporting Goods, Kroger Store, Home Depot, and Lowes. Additionally, Amazon has developed a significant 3MM square foot logistics center in Stone Mountain, which is 10 miles southeast of Loganville, driving demand for workforce housing

Amenities:

  • Resort-Style Pool
  • Resident Clubroom
  • Grills & Picnic Tables
  • Fitness Center
  • Playground
  • On-Site Car Wash
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