1045 Piedmont Ave NE, Atlanta, GA 30309

Colliers International is pleased to exclusively present the opportunity to acquire 1045 On the Park, a stunning 30-unit apartment community next to Piedmont Park, in the heart of Midtown Atlanta. This Class A asset offers the following benefits to the successful investor:

• Premier Live, Work & Play Location: 1045 On the Park Apartment Homes provide an investor the opportunity to own a core infill asset in the heart of Midtown Atlanta that has one of the fastest-growing residential populations in the country. With more than 30,000 new arrivals in the last decade, 1045 On the Park offers residents an energized work/live/play cosmopolitan neighborhood that few cities across the southeast offer. The asset is located steps away from Piedmont Park and The Beltline (the most comprehensive revitalization effort ever undertaken in the City of Atlanta).


• Condominium Conversion Opportunity: Originally developed as condominiums in 2012, 1045 On the Park boasts posh and classy interior finishes with meticulous attention to the smallest details. Combined with open, spacious floor plans that invigorate the tenant, 1045 On the Park radiates sophistication. With a scarcity of new condominium projects due to a lack of financing, a new owner could be well positioned to unlock the tremendous upside through selling the units individually as a condominium.


• Midtown – Atlanta’s Heartbeat: There are 15.5M SF of Class A Office, 65,000 jobs in Midtown’s 1.2 square mile district, corporate HQ of 3 Fortune 1000 companies as well as leading academic and research institutions bridging technology, health and arts – a mecca for the creative class and a nexus for technology and innovation.


• Potential Renters Flocking to Atlanta: Metro Atlanta just logged second highest growth year. Amidst a boom of economic opportunity, transportation infrastructure improvements, and job creation, people are flocking to the metro Atlanta region en masse.


• Millennials & Urbanization: Today, 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050. The millennials, which size exceeds 87 million, are the primary drivers for this trend. This generation of 20 and 30 something’s are willing to spend up to 45% of their income on rent, versus 41% for Gen Xers and 36% for Baby Boomers.