Jair Lynch acquired two multifamily properties outside of Atlanta, Georgia – Clarkston Station and Woodside Village – with Nuveen Real Estate in 2022 as the first step in a larger expansion initiative throughout the Southeastern U.S. The two communities represent a collective 716 apartment homes and currently operate under the Section 42 Low-Income Housing Tax Credit (“LIHTC”) program with affordability restrictions through 2043 and 2036, respectively. As such, a collective 93% of the units will continue to serve individuals and families earning up to 60% Area Median Income (“AMI”) for at least the next 12-14 years.
With convenient access to employment hubs along the Clifton Corridor and Emory’s upcoming $1 billion Executive Park Redevelopment project, residents of both properties enjoy access to public transit, major retailers including Publix, The Home Depot, Northlake Mall, and many local and immigrant-owned businesses. Residents will also benefit from the highly anticipated $10 million Metropolitan Atlanta Rapid Transit Authority (MARTA) Clifton Corridor expansion, which will bring 11 additional stations to the Clarkston-Decatur area, increasing connectivity to jobs, education, health services, and retail throughout the greater Atlanta area.
Jair Lynch and Nuveen introduced Cushman and Wakefield as the new property management company with a specific focus on resident services and community programming. As part of the business plan, our firm will address deferred maintenance and execute capital improvements including in-unit updates and upgrades to outdoor amenities including the clubhouses, playground equipment, grill stations, dog parks, and sustainable landscaping. Additional investment is also planned to improve the Properties’ safety and security, including the addition of new lighting, gated front entrances, security cameras, and patrol services.