Marquis Investments Sold Avenues 85

Marquis Investments sold Avenues 85, the 392 unit complex located near Brookhaven, GA. The complex was purchased in August of 2014 and sold just two years later in August of 2016. During those two years, the exterior of the complex was completely renovated and approximately 25% of the interior units were upgraded. Managed by Star Residential, the quality of the life in the complex was increased exponentially. Dan Miles, managing partner of Marquis, said, “Avenues 85 was another great example of our ability to acquire properties that others do not see. Once acquired we preformed our “3R” strategy to renovate, recapitalize, and reposition which unlocked tremendous value for all of the stake holders involved in the property. The sale came at the perfect time, allowing investors to receive an IRR greater than 40%.”