Indian Trail Apartments represents TruAmerica’s seventh investment in the Atlanta MSA and third in Gwinnett County. The property benefits from its ease of access to employment centers in Perimeter Center, “Pill Hill,” Peachtree Corners Town Center, the I-85 Industrial Corridor, the Atlanta Technology Park, and others as well as downtown Duluth, downtown Norcross , and the Sugarloaf office market. The I-85 corridor boasts almost 150M SF of industrial space and provides employment ranging from e-commerce to large regional distribution centers. Indian Trail Apartments has direct access to I-85 via Indian Trail Lilburn Rd NW.
TruAmerica plans to fully renovate the remaining 263 classic homes, add washer/dryer appliances to 382 homes, and make select, accretive upgrades to the exteriors and amenity spaces.
The 467-unit property was built in two phases in 1987 and 1996. All homes include spacious walk-in closets and washer/dryer connections as well as a patio for ground-floor apartments or enclosed sunroom for homes on higher floors. The property has been well maintained, allowing most of the capital to be invested into accretive improvements to the apartment interiors. Upgrades to the apartment interiors in the remaining classic homes will include stainless steel appliances, vinyl flooring, laminate countertops, new cabinet fronts and pulls, tile backsplash, upgraded plumbing and lighting fixtures as well as installation of washers and dryers.
Potential amenity enhancements and upgrades include renovation of the dog park and adding new furnishings at the pool as well as improving the landscaping around the property.