Investment Update: Georgia Single Family Rental Portfolio II

Key takeaways

  • The investment portfolio of 43 properties is meeting expectations and performing in line with the business plan.
  • 35 of the properties are already being leased at increased rents with an additional 2 new leases commencing in April.
  • These properties are achieving average rents that are 20% above in-place rents at the time of acquisition.

Offering Overview:

In March 2021, Yieldstreet invested $3.3M of equity (with $7.1M of senior debt provided by an investment grade financial institution) into a $10.5M investment originated by Avenue One for the acquisition of 43 single family rental properties in the Atlanta, Georgia area. The investment had an expected term of 24 months, with the option of a 12 month extension, and a targeted annualized return of 11 – 13%. At the time of the investment, rents on the underlying properties were well below comparable properties and the sponsor set out to perform minor cosmetic renovations in order to re-rent the homes at increased rates.

March Update:

The investment continues to meet expectations as properties across the portfolio continue to see extraordinary rent increases, largely driven by strong market fundamentals. The Atlanta MSA has continued to be a strong housing market with high rent growth and home price appreciation. According to John Burns Research, SFR rental rates increased by 9.8% in 2021 while home prices increased by 26.8% due to low supply and heavy demand for housing.

Since the start of the investment, 35 of the 43 properties have seen substantive rental rate increases through new leases that are 20% above rents at the time of acquisition. Two additional leases are scheduled to commence in April. The remaining 6 properties in the portfolio are awaiting turnover and continue to be rented at lower rates. 

The investment portfolio continues to be on track with its business plan to rent the acquired properties at substantially higher rates ahead of a targeted portfolio sale to an institutional buyer.

Learn more about the ways Yieldstreet can help diversify and grow your portfolio

How helpful is this content?

Was this content helpful?

Sign up with Yieldstreet and be the first to know about our latest offerings, recent news, upcoming events, and more.

Your email will never be shared and will only be used for Yieldstreet updates. Already a Yieldstreet member? You're already set up to be notified.

Share this article:

Join a community of 350,000+ members

  • Gain access to unique offerings previously reserved for the ultra-wealthy

  • Customize your portfolio for income, growth, or a balance of both

  • Get started today and earn an average IRR of over 8%

What investors are saying about Yieldstreet

Apr 2022

The due diligence, risk management, and product education materials are thorough, excellent, and easy to use and understand.

Manoj J
Member since 2019
Apr 2022

Excellent and unique selections that I can't find elsewhere.

Jonathan S
Member since 2019
Apr 2022

The platform delivers in a very concise manner. Easy to get a clear understanding at a glance from the web or mobile app.

Tim S
Member since 2021
The testimonials presented on this page have been provided by actual investors in Yieldstreet funds without compensation. Yieldstreet has selected the testimonials, and certain testimonials have been edited to remove personally identifiable information and for brevity. Testimonials were not selected based on objective or random criteria, but rather were selected based on Yieldstreet's understanding of its relationship with the providers of the testimonials. The uncompensated testimonials presented here may not be representative of other investors' experiences, and there can be no guarantee that investors will experience future performance or success consistent with the testimonials presented.

The Yield

Our weekly podcast providing ideas about how to make money work for you and bring you closer to your dreams.

Since inception, over $2.5B has been invested on Yieldstreet

Join today for free to access alternative investment opportunities.