Tellus Partners, along with its partner, Varden Capital, are developing a multifamily project in McDonough, GA. The total project will consist of 267 units. With an ideal location within McDonough, the Property will immediately enter the top of a Henry County market with an economy growing at a lightning-fast pace. With a lovely historic downtown area that has a multitude of attractions and a market that has recently seen an increase in upscale multifamily development, McDonough is a very attractive investment.
Henry County’s phenomenal rent growth in the last six years reflects over 6% year-over-year growth in 2014- 2020. Further, rent growth is expected to grow over 16% through 2024. Vacancy has remained low and is expected to stay around 4.5% through 2024.