OWNED & OPERATED
Stone Mountain, Georgia · 144 Units
A 144-unit multifamily community in Metro Atlanta
Acquired by XSITE Capital in November 2022, Ascend apartments in Stone Mountain form an established community progressing through its value-add business plan. The investment offering is fully subscribed.
At a glance
Original underwriting target: 15–18% annually*
*Original underwriting target established at acquisition. This is not a realized return or guarantee of future performance.
490 South Stone Mountain Lithonia Road, Stone Mountain, GA 30088
The property
Ascend is a 144-unit multifamily community in Stone Mountain, Georgia. XSITE Capital acquired the property in November 2022 with an original five-year target hold period.
Fortis Property Management manages the community’s day-to-day operations, while XSITE Capital oversees the asset strategy, capital plan, investor reporting, and execution of the property’s business plan.
The business plan
Since acquiring Ascend, the asset-management team has worked through the property’s planned operational and capital initiatives. The strategy focuses on improving the community, strengthening operations, and positioning the asset for long-term performance.
Complete approved interior improvements as units become available and monitor resident response to the renovated product.
Address exterior presentation, landscaping, shared spaces, and other approved capital projects.
Work with the property-management team to improve maintenance, leasing, expense control, and the resident experience.
Review operating performance and market conditions regularly as the property progresses through its planned hold period.
Ascend apartments in Stone Mountain
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The market
Stone Mountain is located in DeKalb County, east of central Atlanta. The area provides connections to employment, retail, healthcare, education, and transportation throughout the wider metropolitan region.
Ascend serves residents seeking an established residential community with access to the broader Atlanta economy.
See how XSITE evaluates markets and investment opportunities
Reporting
XSITE Capital oversees execution of Ascend’s business plan and provides participating investors with regular reporting through the investor portal.
Updates may cover operations, financial performance, capital projects, renovation activity, and other material property developments.
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Current Opportunities
Explore XSITE Capital’s current offering or talk with the team about future investment opportunities.
