Park Canyon

Dalton, Georgia

37.8% IRR

49.8% ARR

10.1% CoC

2.6 EM

Purchase Price: $10,268,000 

Sale Price: $23,100,000


Built in 1986, in Dalton, GA, Park Canyon is a 151-unit value-add stabilized Class B multifamily property in the high-growth corridor between Chattanooga and Atlanta. Acquired in November 2018, the property over-performed continuously, with occupancy near 100% and collections at 100% throughout the pandemic. 29 additional units were built on the site, and they quickly leased up. Issuing distributions since inception, this property was sold in 2022 with class-leading returns. (Hold Period: 38-Months)

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