Clayton County, GA, United States
59 Affordable Homes, a 9,728 sq. ft. Transitional Residential Facility, and a 10,000 sq. ft. Community Resource Center located in the Paradise lakes and Mitchells Meadows communities of Morrow and Ellenwood, GA. The total investment for this project is $15,626,900 offering fractional shares.
Keystone Infill Estates
BAHGSFUND RRE and B.A.F.E® are pleased to announce the $15.6M equity raise for Keystone Infill Estates, a 59 single-family infill build-to-rent development project based in the Paradise Lakes and Mitchell Meadows Subdivisions within the trending Clayton County, Georgia. B.A.F.E® is currently acquiring 61 lots of land in Clayton County. Keystone Estates will be, one of the very best single-family build-to-rent infill projects in Clayton County, Georgia; within two desirable suburban neighborhoods in the Clayton County area.
These beautiful infill single family residences will feature 59 B.A.F.E® affordable homes well positioned in the Paradise Lakes and Mitchell Meadows communities, just minutes from the Clayton State University and less than 25 minutes to Hartsfield Jackson Airport. The project will feature a large community resource center with leasing office and training rooms. The project also includes a Transitional Residential Facility for Veterans.
Confidential Reports
Documents to complete your due diligence
Project Description
The community boasts fifty-nine (59) B.A.F.E® homes that are positioned in the Paradise Lakes and Mitchell Meadows communities, just a stone's throw away from Clayton State University and a brief trip to Hartsfield Jackson Airport. The project's centerpiece is a spacious community resource center designed by the prestigious Dejan Rajic Architecture firm, which includes a leasing office and training rooms for the workforce development program.
The community offers a fully maintenance-free experience, including lawn care and debris removal, and provides the highest level of property management service, complete with 24/7 maintenance response. Each B.A.F.E® home is 3 bedrooms, 2.5 baths, 2 stories with a 2 car garage. These homes include luxurious amenities, such as quartz countertops, soft-close cabinets, tiled baths, built-in closets, polished concrete flooring throughout (except stairs), designer lighting packages, and our signature smart home package to allow residents to efficiently access and control their new home.
Build-to-Rent
In 2021, a record-breaking 6,740 new built-to-rent homes were completed in the United States, marking the highest yearly total to date. This trend is still in its infancy but is rapidly gaining momentum. The COVID-19 pandemic played a significant role in shaping this trend, as it created an unprecedented demand among renters for more space and privacy. In fact, as many as 78% of renters surveyed expressed interest in living in a community of single-family homes rather than apartments. Single-family rentals have been experiencing high occupancy rates, with the 2021 occupancy rate being 2% higher than that of apartments (97% compared to 95%). This indicates a strong and growing preference for single-family homes among renters, making it an attractive market for developers and investors alike.
Area Overview
Clayton County, one of the fastest-growing suburbs in the Atlanta Metropolitan Statistical Area (MSA), is located 20 miles southwest of Downtown Atlanta, GA. This suburban area has experienced a surge in development, with new office, retail and industrial projects driving a population growth. Between 2010 and 2022, the area population increased by 13%, and its current population is projected to grow by an additional 6% over the next five years. The local workforce is diverse, spanning across various industry sectors. Top employers in the area include those from education, manufacturing, and distribution sectors. The county boasts nationally acclaimed schools, beautiful parks, walking trails, and a renowned Atlanta Motor Speedway and C&C Movie Film Studio, making it an attractive place to live and work. The median resident age in this thriving suburb is 32.5, with an average household income of $56,207. This figure is below the metro average reported in 2021. The median home value in the area is $167,200, with 47.1% of homes being rentals. The median gross rent in Clayton County GA is $1,216.
Employment
The Transportation & Warehousing sector is the largest employment category (19,343 residents) in the county with Health Care & Social Assistance (18,426 residents) the second largest employment category and Retail Trade sector (15,310 residents) is the third largest employment category.
Tax Benefits
This project is located within a Qualified Opportunity Zone. Investors investing with capital gains fund receive a capital gains discount of 10% for a 10 year holding period, 15% for a 7 year holding period, and 100% capital gains discount for a 10 year or longer holding period.
Performance Metrics
Express Interest
Minimum investment: $5,000.