South and Twenty

Institutional Quality Below Replacement Cost: Delivered in 2023 across seven three-story buildings on 15.8 acres, South and Twenty offers Class A cash flow with no near-term capital and none of the lease-up, entitlement, or construction risk of ground-up development. 

Irreplaceable Mixed-Use Location: Set within the Clarence Brown Conference Center development beside a new hotel, restaurant, and top-performing Walmart, the asset delivers a true live-work-play environment with immediate I-75 access between Atlanta and Chattanooga.

$9B+ Investment and 5,500+ New Jobs Anchor Bartow County Growth: Generational projects led by Qcells ($2.5B+ solar campus) and Hyundai/SK On ($4–5B EV battery plant), plus Aubrey Village, Rivulet Energy, and Anheuser-Busch, are driving sustained in-migration and demand for scarce quality housing.

Operational Inflection at 93% Occupied: Leasing traffic has picked up sharply to 93% occupied setting up near-term revenue gains as committed residents take occupancy.

Submarket Vacancy Down 7% in 12 Months on Steady Absorption, Limited New Supply: With absorption holding steady at ~200 units per quarter and little to no new supply entering the market, submarket vacancy has fallen roughly 700 basis points over the past 12 months, from ~20% to ~13%. If these conditions persist, the submarket is positioned to tighten further over the next 12 months, setting up well-located assets for continued recovery.

Compelling Rent-vs-Own Gap: At a $350K median home price, the estimated $2,657 monthly mortgage runs $1,032 above South and Twenty’s $1,625 average rent — a 38% premium to renting.