M&A - Roots Real Estate Investment Community I, LLC
Form Type: 1-U
Filing Date: 2025-03-31
Corporate Action: Acquisition
Type: New
Accession Number: 000164117225001787
Filing Summary: On March 31, 2025, Roots Real Estate Investment Community I, LLC completed the acquisition of four properties from its sponsor, previously wholly owned by the sponsor, for a total allocated purchase price of $1,138,500. The properties acquired include one single-family home in Decatur, GA, two single-family homes in Stone Mountain, GA, and one garden-style apartment building in Atlanta, GA. Additionally, the Company finalized the acquisition of 47 single-family homes from the purchase of 47 BTR Augusta, LLC for an allocated purchase price of $10,900,000. Each of these homes consists of 3 bedrooms and 2 bathrooms and is situated on approximately 2 acres, with a total current market value of $11,883,000. This series of acquisitions represents a strategic expansion of the Company’s real estate portfolio.
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Additional details:
Property Address: 4236 Glenhaven Drive, Decatur, GA 30035
Description: 1,129-square-foot single-family home, built in 1956, 3 bedrooms, 2 bathrooms, on approximately 1.3 acres
Purchase Price: $250,000
Current Market Value: $278,000
Property Address: 5799 Redan Road, Stone Mountain, GA 30088
Description: 1,045-square-foot single-family home, built in 1946, 3 bedrooms, 1 bathroom, on approximately 0.57 acres
Purchase Price: $218,500
Current Market Value: $246,000
Property Address: 924 Lake Drive Terrace, Stone Mountain, GA 30088
Description: 1,440-square-foot single-family home, built in 1992, 3 bedrooms, 2 bathrooms, on approximately 0.19 acres
Purchase Price: $220,000
Current Market Value: $285,000
Property Address: 1978 Wellbourne Drive, Atlanta, GA 30324
Description: Garden-style apartment building, built in 1960, consists of 8 units of 1 bedroom and 1 bathroom, approximately 6,000-square-feet
Purchase Price: $1,450,000
Current Market Value: $1,550,000
Property Address: 47 BTR Augusta, LLC
Description: 47 single-family homes, each with 3 bedrooms and 2 bathrooms, on approximately 2 acres
Purchase Price: $10,900,000
Current Market Value: $11,883,000
Form Type: 1-U
Filing Date: 2024-12-23
Corporate Action: Acquisition
Type: New
Accession Number: 000149315224051798
Filing Summary: On December 19, 2024, Roots Real Estate Investment Community I, LLC finalized the acquisition of six residential properties from Seed InvestCo, LLC. The properties included a variety of single-family homes and two-unit dwellings. Notable acquisitions include: 1) 3963 Rockey Valley Drive, Conley, GA, a 3-bedroom home purchased for $182,119 (current market value $210,000). 2) 4860 Lost Colony Court, Lithonia, GA, a 3-bedroom home purchased for $182,688 (current market value $253,000). 3) 615 Cowan Road, Covington, GA, a 3-bedroom home purchased for $231,040 (current market value $280,000). Additionally, 4) 497 Woodward Ave SE, Atlanta, GA, a two-unit dwelling purchased for $425,000 (current market value $600,000). 5) 509 Woodward Ave SE, Atlanta, GA, another two-family home purchased for $475,000 (current market value $615,000). 6) 513 Woodward Ave SE, Atlanta, GA, purchased for $425,000 (current market value $615,000). Each property was acquired through Roots Woodward 8, LLC, a single-purpose entity.
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Additional details:
Property Address: 3963 Rockey Valley Drive, Conley, GA 30288
Purchase Price: 182119
Current Market Value: 210000
Description: This 1,114-square-foot single-family home, built in 1967, has 3 bedrooms and 1.5 bathrooms and sits on approximately 0.37 acres.
Property Address: 4860 Lost Colony Court, Lithonia, GA 30058
Purchase Price: 182688
Current Market Value: 253000
Description: This 1,040-square-foot single-family home was built in 1979. It has 3 bedrooms and 2 bathrooms, and sits on approximately 0.28 acres.
Property Address: 615 Cowan Road, Covington, GA 30016
Purchase Price: 231040
Current Market Value: 280000
Description: This 1,931-square-foot single-family home was built in 1992. It has 3 bedrooms, 2 bathrooms, and sits on approximately 0.61 acres.
Property Address: 497 Woodward Ave SE, Atlanta, GA 30312
Purchase Price: 425000
Current Market Value: 600000
Description: This 1,215-square-foot two-unit dwelling was built in 1930, has 2 bedrooms and 2 bathrooms, and sits on approximately 0.16 acres.
Property Address: 509 Woodward Ave SE, Atlanta, GA 30312
Purchase Price: 475000
Current Market Value: 615000
Description: This 1,320-square-foot two-family residential home was built in 1920, has 2 bedrooms and 2 bathrooms, and sits on approximately 0.12 acres.
Property Address: 513 Woodward Ave SE, Atlanta, GA 30312
Purchase Price: 425000
Current Market Value: 615000
Description: This 1,304-square-foot two-unit dwelling was built in 1920, has 2 bedrooms and 2 bathrooms, and sits on approximately 0.11 acres.
Property Address: 517 Woodward Ave SE, Atlanta, GA 30312
Purchase Price: 475000
Current Market Value: 615000
Description: This 1,300-square two-family residential home was built in 1920, has 2 bedrooms and 2 bathrooms, and sits on approximately 0.10 acres.
Form Type: 253G2
Filing Date: 2024-12-23
Corporate Action: Acquisition
Type: New
Accession Number: 000149315224051801
Filing Summary: On December 19, 2024, Roots Real Estate Investment Community I, LLC completed the acquisition of several residential properties from its sponsor, Seed InvestCo, LLC. This acquisition involved the purchase of three properties previously owned by Roots Atlanta 28 SFR, LLC, which is a wholly-owned subsidiary of the Sponsor, as well as additional properties acquired through Roots Woodward 8, LLC, a single-purpose entity owned by the Company. The properties included single-family homes and two-family residential homes located in Georgia, with detailed descriptions and purchase prices for each property listed. The total purchase prices for the properties acquired range from $182,119 to $475,000, with current market valuations indicating appreciation in property values, noted to be between $210,000 and $615,000 for various addresses.
Document Link: View Document
Additional details:
Property Address: 3963 Rockey Valley Drive Conley, GA 30288
Description: 1,114-square-foot single-family home, built in 1967, 3 bedrooms, 1.5 bathrooms, approximately 0.37 acres
Purchase Price: $182,119
Current Market Value: $210,000
Property Address: 4860 Lost Colony Court Lithonia, GA 30058
Description: 1,040-square-foot single-family home, built in 1979, 3 bedrooms, 2 bathrooms, approximately 0.28 acres
Purchase Price: $182,688
Current Market Value: $253,000
Property Address: 615 Cowan Road Covington, GA 30016
Description: 1,931-square-foot single-family home, built in 1992, 3 bedrooms, 2 bathrooms, approximately 0.61 acres
Purchase Price: $231,040
Current Market Value: $280,000
Property Address: 497 Woodward Ave SE Atlanta, GA 30312
Description: 1,215-square-foot two-unit dwelling, built in 1930, 2 bedrooms, 2 bathrooms, approximately 0.16 acres
Purchase Price: $425,000
Current Market Value: $600,000
Property Address: 509 Woodward Ave SE Atlanta, GA 30312
Description: 1,320-square-foot two-family residential home, built in 1920, 2 bedrooms, 2 bathrooms, approximately 0.12 acres
Purchase Price: $475,000
Current Market Value: $615,000
Property Address: 513 Woodward Ave SE Atlanta, GA 30312
Description: 1,304-square-foot two-unit dwelling, built in 1920, 2 bedrooms, 2 bathrooms, approximately 0.11 acres
Purchase Price: $425,000
Current Market Value: $615,000
Property Address: 517 Woodward Ave SE Atlanta, GA 30312
Description: 1,300-square-foot two-family residential home, built in 1920, 2 bedrooms, 2 bathrooms, approximately 0.10 acres
Purchase Price: $475,000
Current Market Value: $615,000
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