Shiloh Green Apartments
Investment Overview
Project Overview
Shiloh Green Apartments were acquired on September 29, 2020. The 236-unit complex is located in Kennesaw, GA, approximately 25 miles northwest of Atlanta and provides easy access to Cobb Parkway, and Interstates 75 and 575. McDowell Properties’ plan for the complex includes a value-add strategy with upgrades to common areas as well as interior renovations including stainless steel appliances and the addition of washers and dryers.
Property Highlights
The property was built in 1996 and consists of ten three-story and three/four split-story buildings. The property’s unit mix includes four different unit types ranging from one-bedroom units that average 900 square feet to four-bedroom units that average 1,650 square feet. The community offers multiple common area amenities including a swimming pool, playground, and a clubhouse with fitness center, conference room, and clubroom and study pod areas.
Shiloh Green’s large units cater to university students as well as families and young professionals. Located near Kennesaw State University, the property attracts college students and millennials moving from the urban core. Additionally, its strong surrounding schools help attract families. The property is located 1.4 miles away from Kennesaw State University, which is a top-50 largest public institution in the nation and the third largest university in the state of Georgia with over 35,000 students. From 2014-2018, the KSU enrollment grew by over 10,000 students, but the university added just 1,708 beds over the same span. Shiloh Green is well positioned to help fill that gap.
Amenities:
- Dog Park
- Picnic Area with Grills
- Children’s Playground
- Cyber Lounge and Study Pods
- Swimming Pool
- Clubroom
- Onsite Business Center with Wi-Fi
- Car Care Center
- Athletic Facility
- Sparkling Resort Style Pool
- Wifi Café