OFFERING MEMORANDUM41-UNIT MULTIFAMILY REPOSITIONING OPPORTUNITY | GRIFFIN, GA

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3PROPERTY INFORMATION4EXECUTIVE SUMMARY5PROPERTY INFORMATION6OPPORTUNITY ZONE7PHOTOS

9AREA OVERVIEW10ABOUT THE AREA11RETAILER MAP12DEMOGRAPHIC OVERVIEW

13COMPS14SALE COMPS

15CONTACT INFORMATION16BROKER PROFILE17CONFIDENTIALITY AGREEMENT18DISCLAIMER

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T A B L E O F C O N T E N T S

Bull RBull Realtyealty, Inc., Inc.50 Glenlak50 Glenlake Pe Parkwarkwaayy, Suit, Suite 600e 600AAtlantlantta, GA 30328a, GA 30328BullRBullRealtyealty.c.comom

MarMarcco Wo WelchelchVV.P.P. The Apartmen. The Apartment Grt GroupoupMarMarcco@BullRo@BullRealtyealty.c.comom404-876-1640 x137404-876-1640 x137

ScScott K. Spaldingott K. Spalding, CCIM, CCIMPrPresidenesident, The Apartment, The Apartment Grt GroupoupSpalding@BullRSpalding@BullRealtyealty.c.comom404-876-1640 x156404-876-1640 x156

Marina JanjicMarina JanjicVV.P.P. The Apartmen. The Apartment Grt GroupoupMarina@BullRMarina@BullRealtyealty.c.comom404-876-1640 x157404-876-1640 x157

Exclusively listed by Bull Realty, Inc.

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P RP R O P E RO P E R T Y I N FT Y I N F O R M AO R M AT I O NT I O N

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P RP RO P E RO P E RT Y D ET Y D ES C R I PS C R I PT I O NT I O NBull Realty is pleased to present this multifamily, repositioning opportunity inGriffin, GA. The property consist of 41 units with a unit mix of (36) 1BR/1BA, (4) 2BR/1BA and (1) 3BR/2BA. The property is situated on 2.4 acres of flat topographywith plenty of green space and is located in a Qualified Opportunity Zone.

The structures feature a stucco exterior and concrete block interior structure.There is off-street parking within the complex. The property is located adjacentto the neighborhood elementary school that is located at the end of thecul-de-sac.

This property is located just minutes from downtown Griffin. The property islocated less than 2 miles north of Wellstar Spalding Regional Hospital, 3 milessouth of Griffin Crossroads and 4 miles north of Griffin-Spalding County Airport.Griffin Crossroads is a shopping center that includes numerous retailers such asBelk, Walmart, Big Lots, Starbucks, Chick-fil-A, Hobby Lobby and more.

P RP RO P E RO P E RT Y H I G H L I G H TT Y H I G H L I G H TSS• 41-unit, value-add/repositioning opportunity

• (36) 1BR/1BA, (4) 2 BR/1BA and (1) 3BR/2BA unit mix

• 35,000 SF and situated on 2.4 acres

• Stucco exterior with concrete block interior structure

• Off-street parking

• Located in a Qualified Opportunity Zone

Price | $800,000 Units | 41

E X E C U T I V E S U M M A R Y

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BUILDINGBUILDING

Property Address: 512 N 6th Street, Griffin, GA 30223

County: Spalding

Year Built: 1956

Number of Buildings: 12

Total Building Size: 35,000 SF

No. of Stories: 1

Number of Units: 41

Unit Mix:(36) 1BR/1BA(4) 2 BR/1BA(1) 3BR/2BA

SITESITE

Site Size: 2.4 Acres

Parcel ID: 007-05-050

Zoning: HDR-A

Parking: Off-street

FINANCIALFINANCIAL

Occupancy: Vacant

Price/Unit: $19,512

Sale Price: $800,000

P R O P E R T Y I N F O R M A T I O N

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O P P O RO P P O RT U N I T Y ZT U N I T Y ZO N E OO N E OV E RV E RV I E WV I E WQualified Opportunity Zone (QOZ) Investment: A QOZ investment allows for thereduction of deferred gains from the sale or exchange of prior investments.

QOZ investments maintained for at least five years by the end of 2026 will qualifyfor a 10% reduction of deferred capital gains tax liability (for the original capitalgain).

If the gain has been invested in an opportunity fund for seven years by the endof 2026, the tax liability on the original gain is reduced by 15%.

B E N E F I TB E N E F I TS TS TO T E N A N TO T E N A N TSSInvestors in Qualified Opportunity Funds can achieve significant tax benefits forequity investments, including tax deferral and permanent tax reduction.

To remain certified as a Qualified Opportunity Fund, the Fund must hold at least90% of its assets in Qualified Opportunity Zone property. Such property includescertain stock or partnership interests of the underlying business, and/orbusiness property (personal and/or real property) of a Qualified OpportunityZone business.

L EL EA R N M O R E H E R EA R N M O R E H E R E• Qualified Opportunity Funds

• U.S. Department of the Treasury Releases Proposed Regulations onOpportunity Zones

• U.S. Department of the Treasury: (CDFI) Opportunity Zones Resources

• IRS Revenue Procedure - PDF

• Tax Cuts and Jobs Act - PDF

• Enterprise Community (Choosing Opportunity Zones)

• Commercial Real Estate Show - Opportunity Zones Overview

• CohnReznick Tax Advisory

*Disclaimer: Consult tax adviser as it relates to benefits.

O P P O R T U N I T Y Z O N E

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P H O T O S

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P H O T O S

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A R EA R E A OA O V E RV E R V I E WV I E W

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GRIFFIN, GAGRIFFIN, GAGriffin, Georgia, county seat of Spalding County, is located just 35 miles south of Atlanta,Georgia. The city benefits from easy access to the nearby cities and towns that itshares the Atlanta metropolitan area with.

The area was originally inhabited by the Creek Indians and was incorporated as a city onDecember 28, 1843. The city was named after the president of the Monroe Railroadcompany, General Lewis Lawrence Griffin. Griffin contains a population ofapproximately 23,643. Some nearby attractions in Griffin includes the Griffin Museum,Doc Holiday Museum, Zoo Atlanta Playspace, and the Indian Springs State Park. Thereare also ample shopping options nearby.

Southern Crescent Technical College is located in Griffin and is a public communitycollege and is located minutes from downtown Griffin. The University of Georgiacurrently maintains a branch of their campus and has played an integral role in thedevelopment of modern agriculture.

P O P U L AP O P U L AT I O NT I O N

94,222

M E D I A N I N CM E D I A N I N C O M EO M E

$55,711

M E D I A N AM E D I A N A G EG E

36.3

M E DM E D. H O M E P R I C E. H O M E P R I C E

$191,408

E M P LE M P LOOY M E N T R AY M E N T R AT ET E

95.9%

DEMOGRAPHICS (5-MILE)DEMOGRAPHICS (5-MILE)

A B O U T T H E A R E A

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R E T A I L E R M A P

D E M O G R A P H I C O V E R V I E W

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DEMOGRAPHICS1 Mile 3,240

5 Miles 44,297

10 Miles 94,222POPULATION

1 Mile 1,228

5 Miles 16,672

10 Miles 33,816HOUSEHOLDS

1 Mile $34,651

5 Miles $49,384

10 Miles $55,711AVG. HH INCOME

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CC O M P SO M P S

SUBJESUBJECCT PRT PROPEROPERTYTYADDREADDRESSSS CITYCITY ASKING PRICEASKING PRICE YEYEAR BUILAR BUILTT NONO. OF UNIT. OF UNITSS CAP RACAP RATETE PRICE/UNITPRICE/UNIT SITE SIZESITE SIZE SOLD DSOLD DAATETE

512 N 6th Str512 N 6th Streeeett Griffin $800,000 1956 41 - $19,512 2.4 AC -

SSALEALES CS COMPSOMPSADDREADDRESSSS CITYCITY SSALE PRICEALE PRICE YEYEAR BUILAR BUILTT NONO. OF UNIT. OF UNITSS CAP RACAP RATETE PRICE/UNITPRICE/UNIT SITE SIZESITE SIZE SOLD DSOLD DAATETE

11 226 Kentucky Ave Griffin $850,000 1987 15 - $56,700 1 AC 05/01/2020

22 1206-1230 Macon Road Griffin $960,000 - 10 - $96,000 1.13 AC 03/01/2020

33 207 Ridgewood Ave Macon $1,320,000 1962 36 7% $32,527 7.1 AC 05/01/2020

Subject Property

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S A L E C O M P S

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CC O N TO N TAA CC T I N FT I N F O R M AO R M AT I O NT I O N

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P RP RO F EO F ES S I O N A L BS S I O N A L BAAC KC KG RG RO U N DO U N DMarina Janjic specializes in assisting clients in the acquisition and disposition of apartment communities in metro Atlanta.Marina and Scott Spalding, President The Apartment Group at Bull Realty, team together to develop strategies and dealstructures designed to maximize client returns and value. This team leverages upon Bull Realty’s advanced technology, digitalresources and marketing prowess to provide their clients superior service while supporting their individual financial goals.

Ms. Janjic graduated from Georgia State University and has prior experience in sales management and retail operations inFashion and Event Production.

Marina enjoys reading and learning about different cultures around the world. She is trilingual in English, Spanish andSerbian-Croatian.

M A R I N A JM A R I N A J A N J I CA N J I CV.P. The Apartment Group404-876-1640 x157Marina@BullRealty.com

P RP RO F EO F ES S I O N A L BS S I O N A L BAAC KC KG RG RO U N DO U N DMarco Welch joined Bull Realty with over 16 years of commercial real estate experience. As Vice President of the ApartmentGroup, Marco specializes in assisting clients in the acquisition and disposition of multifamily communities across thesoutheast. Marco leverages upon Bull Realty’s advanced technology, digital resources and marketing prowess to provide theirclients superior service while supporting their individual financial goals.

In 2019 alone, Marco closed over $35 million worth of transactions qualifying him for the 2019 Million Dollar Club of $20MM+distinction. He is also a member of the Atlanta Commercial Board of Realtors (ACBR) and continues to further his industryexpertise by working to complete his CCIM designation. The Chicago native studied business and finance at Morehouse College.When Marco is not assisting his clients, he enjoys music composition, weightlifting and golf.

M A RM A R CC O W E LO W E L C HC HV.P. The Apartment Group404-876-1640 x137Marco@BullRealty.com

P RP RO F EO F ES S I O N A L BS S I O N A L BAAC KC KG RG RO U N DO U N DScott K. Spalding specializes in assisting clients in the acquisition and disposition of 50+ unit apartment communitiesthroughout the Southeast. Scott’s previous experience includes over 25 years of operating as a principal in a real estateinvestment company and working with high net worth individuals in retirement planning and wealth building strategies. Hisclients find his many years of experience beneficial in the successful marketing, sourcing and closing of transactions.

The Los Angeles native graduated with honors from Morehouse College where he received a degree in business with aconcentration in real estate. When Scott is not engaged in assisting his clients he enjoys waterskiing and running. He is amember of the Atlanta Commercial Board of Realtors (ACBR), the Atlanta Apartment Association and is a pinned designee ofthe prestigious Certified Commercial Investment Member Institute (CCIM), commercial real estate’s global standard forprofessional achievement.

S CS C OOTT T K . S PT K . S PA L D I N G , C C I MA L D I N G , C C I MPresident, The Apartment Group404-876-1640 x156Spalding@BullRealty.com

B R O K E R P R O F I L E

Bull Realty, Inc.50 Glenlake Parkway, Suite 600Atlanta, GA 30328

Marco Welch404-876-1640 x137Marco@BullRealty.com

Scott K. Spalding, CCIM404-876-1640 x156Spalding@BullRealty.com

Marina Janjic404-876-1640 x157Marina@BullRealty.com

This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the undersignedparty (“Receiving Party”), the owner of the subject property (the “Seller”) and undersigned broker BullRealty Incorporated (“Broker”). Now therefore in consideration of the privileges granted to Receiving Partywith respect to receiving certain confidential information, and other good and valuable consideration, theReceiving Party hereby agrees to the following:

I. Confidential Information:Receiving Party will receive confidential information regarding property referred to as 512512 NN 6th6th StrStreeeettGriffin,Griffin, GAGA 3022330223. Prospect agrees to not disclose to any person that the property may be available for saleor lease, or that discussions or negotiations are taking place concerning the property, nor any terms,conditions, or other facts with respect to the property, including but not limited to tenant information, leaserates, lease expirations, income and expenses, and any such possible purchase, including the status thereof.The term “person” used in this agreement shall be interpreted broadly and shall include, without limitation,any corporation, company, partnership or individual other than parties to which Broker approves in writing.Receiving Party may share information with directors, officers, employees, agents, affiliates, counsel,lending sources, accountants or representatives of Receiving Party that Receiving Party notifies of therequirements of this Agreement. Receiving Party agrees to not contact the property owner, themanagement, the tenants, the lender, the vendors, the insurers, the employees or the customers of anybusiness at the site.

II. Acting as a Principal:Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding thiscontemplated transaction. Receiving Party acknowledges that Broker is working an agency capacity asrepresenting the Seller only in this transaction and is the only Broker involved in this potential transaction.Receiving Party agrees to not be involved in any arrangement to lease or purchase the property, in whole orin part, as a lender, partner, buyer of the note, buy in foreclosure, buy from bankruptcy court, or in anyother manner acquire an investment in, joint venture or control of the property, unless Bull Realty,Incorporated is paid a commission at closing as per separate agreement with Seller.

This agreement will expire two years from the date hereof.

III. Governing LawThis Agreement shall be governed and construed in accordance with the laws of the State of Georgia.

If you are a broker, or a principal desiring to include an outside broker, contact the listing agent directly for aBuyer and Buyer’s Broker Confidentiality & Commission Agreement.

Accepted and agreed to __ / __ / __

Receiving Party

Signature

Printed Name

Title

Company Name

Address

Email

Phone

SIGN CONFIDENTIALITYAGREEMENT ONLINE

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C O N F I D E N T I A L I T Y A G R E E M E N T

D I S C L A I M E R

Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property.

This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information thata prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to thegeneral economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not rely upon the financialprojections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accuratedescriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently alldocuments.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation,endorsement, suitability or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its owninvestigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party atany time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum or making an offeron the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner/Seller and any conditionsto the purchaser's obligations therein have been satisfied or waived. The Owner/Seller reserves the right to move forward with an acceptable offer prior to the call foroffers deadline.

This Offering Memorandum may be used only by parties approved by the Broker. The Property is privately offered, and by accepting this Offering Memorandum, theparty in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held andtreated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior writtenauthorization of Bull Realty, Inc. The terms and conditions set forth above apply to this Offering Memorandum in its entirety and all documents and otherinformation provided in connection therewith.

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