Trellis Apartments

Trellis Apartments were acquired on April 2, 2021. The property consists of 210 units, built in 1986, located in Marietta, GA, a strong suburban location in Northwest Atlanta. The business plan for this asset calls for an expansive number of renovations to improve the property overall. The value-add program consists of full renovations in the remaining 38% classic units, further upgrades to the 31% partial units, curb appeal improvements, and amenity enhancements. Plans also call for a more hands-on approach to management and the curing of deferred items which will decrease resident turnover.

The asset consists of two- and three- bedroom units offering a great appeal to families and roommate living situations, reflective of the larger submarket at hand. Situated in beautiful natural surroundings, the property offers renovated units varying from executive to premium levels, customized with modern cabinetry and contemporary finishes, as well as private patio and balconies. Property boasts of a swimming pool complete with inviting sundeck, a fitness center, playground, and BBQ/picnic areas.

Trellis is well-located in the affluent South Cobb submarket of the Atlanta MSA, which has great access to employment centers as well as Marietta Town Square and Cumberland Mall, which together have 30+ bars/restaurants and over 1 million square feet of retail space. The property is walking distance to a CVS, Aldi, Family Dollar, and other retailers. Interstate 75 provides direct access to the Atlanta CBD as well as numerous large employers and is accessible less than 5 miles from the property. Prominent employers in the area include YKK Group, Bekaert, WellStar Health System, Cobb County School District, Cobb County Government, Benevis, Tenet Healthcare, Lockheed Martin, and XPO Logistics.

Amenities:

• Resort Style Pool & Sundeck
• BBQ/Picnic Area
• Fitness Center
• Laundry Facilities
• Playground