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Multifamily
Lakeside at Town Center Apts
Marietta, GA
Completed Equity
100% funded
...
Lakeside at Town Center Apts
Marietta, GA
All Investments > Lakeside at Town Center Apts
...
Overview
Lakeside at Town Center Apts
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Details
For more information, view the Sponsor's Investment Memorandum.
Estimated Hold Period 7 to 10 years
Investment Strategy Core Plus
Investment Type Equity
Sponsor Documents
The offering documents above have been prepared and are being delivered by the Sponsor of this investment opportunity, and not by RM Securities, LLC. RM Securities, LLC and its associated persons did not assist in preparing, do not explicitly or implicitly adopt or endorse, and are not otherwise responsible for, the Sponsors offering documents posted below or any content therein.
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Management
For more information, view the Sponsor's Investment Memorandum.
Arenda Capital Management

Arenda Capital Management, LLC (“Arenda”) is a private investment firm based in Los Angeles, CA that invests in real estate and real estate related opportunities across the United States, including both debt and equity investments, on behalf of select institutional and private investors. The firm takes an absolute return approach to its investment activities, with an emphasis on opportunities that offer superior risk-adjusted returns. Arenda’s principals have been involved in the acquisition of over 12,000 multifamily units and 580,000 square feet of retail, office and mixed-use properties in the past 12+ years. The principals of Arenda have acquired significant multifamily real estate throughout the southeast, including suburban garden style, urban apartments, and urban mid-rise apartment projects. Since 2011, Arenda Capital Management has acquired approximately $500 million of commercial real estate, while placing over $160 million of equity.

Sample Multifamily Holdings (Arenda Capital Partners II & III)

Property Location Units Total Capitalization Status
Aventine at Lindbergh  Buckhead,GA 296 $44,720,000 Active
Spinnaker Cove  Nashville, TN 278 $27,845,732 Active
93 East  Atlanta, GA 192 $12,000,000 Active
Mountain Park Estates Kennesaw, GA 450 $51,041,000 Active
Lakeside Villages  Atlanta, GA 310 $22,336,000 Active
Bellevue West  Nashville, TN 560 $56,100,000 Active
Autumn Brook  Chattanooga, TN 156 $11,837,000 Active
10 Perimeter Park  Atlanta, GA 230 $27,484,000 Active
Grove at Trinity Pointe  Cordova, TN 464 $27,025,000 Active
Avondale Station Decatur, GA 212 $12,291,000 Active
Hawthorne Gates Dunwoody, GA 164 $20,654,000 Active
Courtney Station Savannah, GA 300 $36,550,000 Active
Madison at Schilling Farms Collierville, TN 324 $33,455,000 Active
  Total 3,936 $383,338,732  
Management Team
Management
Ryan Millsap

Ryan Millsap is the Co-Founder and Co-Managing Principal of the Managing Member, Arenda Capital Management, LLC (also referred to as “ACM”). Mr. Millsap, Mr. Miletich, and Mr. Meyer co-founded ACM and together they oversee the investment activities thereof. Ryan’s daily responsibilities include capital sourcing, business strategy, economic trend analysis, and sourcing and structuring of new investments. He has extensive experience in multifamily operations, multifamily acquisition/rehabilitation, real estate finance and investment, entrepreneurial land development, private placement equity, and publicly traded debt and equity markets. He will be employing these same areas of expertise when structuring investments for the Company. Ryan has played a principal level role in the acquisition or disposition of more than $750.0 million in real estate assets, including more than 6,000 apartments in cities across the nation from Savannah to Los Angeles. Since the inception of ACM, he has helped the company acquire approximately $500.0 million in real estate assets, primarily via arranging joint venture arrangements with several prominent pension fund advisors and a publicly traded REIT. Ryan frequently speaks on expert panels at real estate and private equity industry events in Southern California and New York including those hosted by the Investment Management Network, and the Graduate Real Estate Association of the University of Southern California (USC). Ryan holds a Master of Real Estate Development degree from the University of Southern California and a Bachelor of Arts degree in Philosophy and Literature from Biola University. He spent one year of his undergraduate education as a visiting student in Philosophy and Literature at Oxford University in England. He is a licensed California Real Estate Broker and a member of the USC LUSK Center for Real Estate Alumni Association. He is also currently an Adjunct Professor of Real Estate at the University of Southern California where he teaches two separate courses, one each semester at the graduate and undergraduate level. He has been very involved in a continued development of the real estate curriculum at USC and teaches the capstone case study class for seniors entitled “Advanced Real Estate Investment and Finance”.

Management
Dusan Miletich

Dusan Miletich is the Co-Founder and Co-Managing Principal of ACM. His daily responsibilities include capital sourcing, business strategy, economic trend analysis, and sourcing and structuring of new investments. He also has day-to-day management direction of the company’s operations as well as overseeing the firm’s construction management. He has extensive experience in retail and industrial real estate investment, private placement equity, and private investment partnerships. Dusan has been directly responsible for many aspects of the real estate development and ownership process, from entitlements, to construction, to leasing and on-going property management. Dusan is a former Adjunct Professor of Real Estate where he instructed the Retail Development course in the Master of Real Estate Development program at the University of Southern California (USC). He is a member of the Lusk Center for Real Estate at USC, is a former President of the USC Graduate Real Estate Association, and is a member of the Young President’s Organization. Dusan holds three advanced degrees from USC: Master of Business Administration, Master of Real Estate Development, and Master of Construction Management. He earned his Bachelor of Arts in American Literature and Culture from the University of California at Los Angeles.

Management
Evan Meyer

Evan Meyer is the Co-Founder and Co-Managing Principal of ACM. Evan’s daily responsibilities with ACM include capital sourcing, business strategy, and the sourcing of new investment opportunities. He is the Managing Principal in charge of all new retail, office and industrial acquisition activities. Via Arenda, he continues to provide management direction to the Meyer Family holdings, which have focused on street-front retail and office investments in uniquely positioned communities such as Beverly Hills, Newport Beach, Pasadena, and Santa Barbara. He oversees the daily operations including leasing, acquisitions, property management, and construction management of this portfolio. His properties have been awarded both architectural and historic preservation awards. For decades the Meyer Family has owned and managed Gearys of Beverly Hills, one of Beverly Hills’ oldest retailers. Prior to joining ACM, Evan was the Director of Acquisitions with Champion Development Group, a full service real estate investment and development company. He was responsible for sourcing investment and development opportunities, financial underwriting, site planning/design and cultivating brokerage and banking relationships. Beginning his career as an office leasing and investment broker with Insignia/ESG, Evan was recognized in his first year by the Los Angeles Business Journal as the “Top Rookie Broker”.  Following the acquisition of Insignia/ESG by CB Richard Ellis, he joined Madison Partners as a Director. Evan earned his bachelor’s degree in Economics from the University of California, Berkeley and a Master of Real Estate Development from the University of Southern California.

Property
For more information, view the Sponsor's Investment Memorandum.
Address: 425 Williams Drive
Marietta, GA 30066
Submarket: Cobb/Douglas
Year Built: 2001
Current Occupancy: 95%
Number of Units: 358 units
Net Rentable Area: 390,594 square feet
Buildings: 21 total buildings
14 three and four-story garden apartment buildings
6 one-story garage/storage buildings
1 two-story clubhouse/leasing center
Parking: 704 total spaces
Effective Rent Per Unit: $1,027
Effective Rent Per Square Foot: $0.94

Unit Mix and Rents

UNIT TYPE TOTAL
UNITS
AVG
UNIT SF
TOTAL SF IN PLACE
RENTS

PSF 

1 BR X 1 BA 126 771 97,146 $839 $1.09
2 BR X 2 BA 176 1,219 214,544 $1,074 $0.88
3 BR X 2 BA 56 1,409 78,904 $1,300 $0.92
TOTAL/AVG 358 1,091 390,594 $1,027 $0.94


Property Highlights

  • The Property is located adjacent to I-75, a major north/south highway which provides ease of access to downtown Atlanta 20 miles to the south, as well as Kennesaw to the north. 
  • The Property is located near numerous demand drivers such as the 1.3 million square foot Town Center Mall (3.4 miles away), Kennesaw University (6.5 miles away), the fastest growing university in the University System of Georgia with a student body of approximately 25,000, as well as other employment and retail centers.
  • The Property has significant frontage and signage along Williams Drive, and is situated 200 yards from Bells Ferry Road, which has a daily traffic count of 11,660 cars per day, and is approximately one mile west of the Canton Road Connector, which has a daily traffic count of 20,660 cars per day. Bells Ferry Road and Canton Road Connector are major local arteries that provide access to the nearby employment and retail centers. 
  • Amenities consist of a business center, cyber café, fitness center, swimming pool, tennis court, playground, car wash facility and a large stocked lake featuring a fountain and boardwalk. 
  • The Property is nicely landscaped and has been well maintained, with approximately $275,000 in capital improvements having been spent at the Property since 2012. These improvements include, but were not limited to, painting, clubhouse refurbishment, pool and deck repairs and landscaping. 

Financials
For more information, view the Sponsor's Investment Memorandum.
Disclosures
RM Securities, LLC and its Affiliates Compensation

RM Securities, LLC, its registered representatives, affiliates, associated persons, and personnel of its affiliates who may also be associated with it, including our associated persons and personnel of our affiliates who are also be associated with RM Securities, LLC (it (“RM Securities,” “we,” “our,” or “us”) will receive fees, expense reimbursements, and other compensation (“Fees”) from the issuer of this investment offering, its sponsor, or an affiliate thereof (“Sponsor”), or otherwise in connection with Sponsor’s offering. The Fees paid to us are in addition to other fees you will pay to Sponsor or in connection with Sponsor’s investment offering. You will pay Fees to Sponsor, either directly or indirectly as an investor in the Sponsor’s offering. Sponsor will use the Fees you pay, as well as funds you invest in the relevant offering, to compensate us. The Fees paid to us will directly or indirectly be borne by you as the investor (typically, but not always, in the form of an expense of the Sponsor’s offering in which you invest) because such Fees will reduce the proceeds available for distribution to you and reduce the amount you earn over time.

For more information on the Fees paid to us, or any other Fees you will pay in connection with Sponsor’s offering, please carefully review the Sponsor’s Investment Documents. Please also carefully review RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.

No Approval, Opinion or Representation, or Warranty by RM Securities, LLC

Sponsor has provided, approved, and is solely responsible in all aspects for the information on this webpage (“Page”), including Sponsor’s offering documentation, which may include without limitation the Private Placement Memorandum, Operating or Limited Partnership Agreement, Subscription Agreement, the Project Summary and all exhibits and other documents attached thereto or referenced therein (collectively, the “Investment Documents”). The Investment Documents linked on this page have been prepared and posted by Sponsor, and not by RM Securities. We did not assist in preparing, do not adopt or endorse, and we are not otherwise responsible for, the Sponsor’s Investment Documents. We make no representations or warranties as to the accuracy of information on this Page or in the Sponsor’s Investment Documents and we accept no liability therefor. No part of the information on this Page or in the Sponsor’s Investment Documents is intended to be binding on us.

Sponsor’s Information Qualified by Investment Documents

The information on this Page is qualified in its entirety by reference to the more complete information about the offering contained in the Sponsor’s Investment Documents. The information on this Page is not complete and subject to change at the Sponsor’s discretion at any time up to the closing date. The Sponsor’s Investment Documents and supplements thereto contain important information about the Sponsor’s offering including relevant investment objectives, the business plan, risks, charges, expenses, and other information, which you should consider carefully before investing. The information on this Page should not be used as a basis for an investor’s decision to invest.

Risk of Investment

This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor’s assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor’s business plans (“Assumptions”) will be true or that actual performance will bear any relation to Sponsor’s Assumptions, and no guarantee or representation is made that Sponsor’s Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor’s Assumptions should not be relied upon as the primary basis for your decision to invest.

No Reliance on Forward-Looking Statements; Sponsor Assumptions

Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor’s Investment Documents, which you should carefully review. Neither RM Securities nor Sponsor are obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor’s forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor’s investment objectives, detailing Sponsor’s anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor’s forward-looking statements as a basis to invest.

Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor’s Assumptions or forward-looking statements.

No Reliance on Past Performance

Any description of past performance is not a reliable indicator of future performance and should not be relied upon as the primary basis to invest.

Sponsor’s Use of Debt

A substantial portion of the total cost of the real estate asset acquired by the Sponsor with investor funds (“Property”) will be paid with borrowed funds, i.e., debt. Sponsor’s estimated rates and terms of the debt financing are subject to lender approval, and there is no assurance that the Sponsor will secure debt at the rates and terms presented on this Page or in the Sponsor’s Investment Documents, or at all. The use of borrowed money to acquire real estate is referred to as leveraging, which can amplify losses and could result in lender foreclosure. In addition, if the debt includes a variable (or “floating”) interest rate, the total amount of interest paid over the term of the debt will fluctuate and can increase. As a result, Sponsor’s use of debt can result in a loss of some or all of your investment.

Sponsor’s Offering is Not Registered

Sponsor’s securities offering will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act (“Private Placement”). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for “Accredited Investors,” as that term is defined in Rule 501(a) under the Securities Act.

No Investment Advice

Nothing on this Page should be regarded as investment advice (either with respect to a particular security or regarding an overall investment strategy), a recommendation, an offer to sell, or a solicitation of or an offer to buy any security. Advice from a securities professional is strongly advised to understand and assess the risks associated with real estate or private placement investments. For additional information on RM Securities’ involvement in this offering, please carefully review the Sponsor’s Investment Documents, and RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.

1031 Exchange Risk

Internal Revenue Code Section 1031 (“Section 1031”) contains complex tax concepts and certain tax consequences may vary depending on the individual circumstances of each investor. RM Securities and its affiliates make no representation or warranty of any kind with respect to the tax consequences of your investment or that the IRS will not challenge any such treatment. You should consult with and rely on your own tax advisor about the tax aspects with respect to your particular circumstances.

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