Aviator by Abide

30-Year PILOT Tax Abatement: Year 1 of a 30-year PILOT tax abatement reduces the property’s annual tax obligation to a nominal compliance fee — eliminating what is typically an operator’s largest non-controllable expense. In an environment where operating costs continue to climb, this gives a new owner a meaningful lever to protect NOI that no comparable asset can match. 

$1.8M+ in Recent Capital: Current ownership has deployed over $1.825 million across the asset’s most capital-intensive systems within the last three to five years including roofing, HVAC, windows, building exteriors, and unit interiors. A new owner steps in with the physical plant substantially addressed and without carrying that basis in the purchase price.

Townhome Product at Workforce Rents: The subject is predominantly two- and three-bedroom townhome floor plans average over 1,150 SF — a product type that attracts household renters with few comparable options in the corridor and lower turnover. 

New Ownership Structural Advantages: New management, no property tax obligation, and significantly lower debt service give an incoming owner a fundamentally different operating position than the current ownership — and substantially more runway to stabilize the asset and generate returns — leaving 26 units of additional upside post stabilization.

Renter Demand & Demographics: With a 2-mile radius median home sale price of $290,000, prospective buyers in the trade area face an estimated monthly mortgage payment of $2,477 — a $1,109/month premium over renting at The Aviator. At a 45% homeownership premium, the rent-vs.-own gap is wide and supports occupancy and long-term renter demand. 

Proximity to the World’s Busiest Airport: Situated near Hartsfield-Jackson — the world’s busiest passenger airport and one of Georgia’s largest employment centers — The Aviator sits at the center of a corridor anchored by Delta, FedEx, Porsche North America, and Amazon, with ATL’s $1.4B Concourse D expansion actively driving continued employment growth through 2029.

Camp Creek Corridor: Two miles from the I-285/Camp Creek interchange, residents have immediate access to the 1.2M SF Camp Creek Marketplace, Duke Realty’s 400-acre Camp Creek Business Center, and a dense concentration of national retailers, employers, and infrastructure at scale.