We believe equitable communities
serve as a force for positive,
TI Asset Management took over management of Madison Hills Apartments, a 446-unit severely blighted class B apartment community in an affluent northern Atlanta neighborhood. The Madison Hills apartment community was in turmoil, with significant criminal activity and 180 units down due to black mold or fire damage. The turmoil spilled over to the community and directly impacted Brumby Elementary, one of only two elementary schools on the federal watch list of failing schools in the county. The local municipality took notice and stigmatized Madison Hills, with a robust campaign to condemn the property. Armed with a $7 million renovation budget, TI Asset Management developed a community model engaging local businesses, churches, nonprofits and leadership at nearby Brumby Elementary. Programs including a free after-school and summer camp were launched to build community political capital and stabilize the families. The results created a triple bottom line for the ownership including high occupancy, reduced tenant turnover, increased security and a destination-based community of socially engaged tenants. The reduced transiency and educational opportunity offered by the after-school program and summer camps greatly impacted Brumby Elementary and within five years, it was recognized as a Title 1 School of Distinction by the National Title 1 Distinguished Schools Program. TI Asset Management completed the renovation approximately $1.0 million below budget.
In 2018, TI Asset Management accepted management of Springview Apartments, a 144-unit severely blighted class C apartment community in south east Atlanta. The Springview apartment environment was partially blighted, with drug dealers operating with immunity in plain sight. Of the 144 available units, 92 were vacant and boarded up by order of the City of Atlanta Code Department. The high criminal activity directly impacted Cleveland Avenue Elementary, a low performing school in the Atlanta Public School system, located only two blocks from Springview. TI Asset Management worked with the owners to develop a $5.0 million budget to renovate the property. TI Asset Management also designed a community model engaging the Atlanta Police Department, Atlanta Police Foundation, Georgia Tech, Trees Atlanta, Morehouse Medical, Atlanta Public Schools, Georgia Power, Atlanta Housing Authority, various nonprofits and leadership at nearby Cleveland Avenue Elementary. Programs including a community-build day with Kaboom Playgrounds (over 225 volunteers), on-site medical screenings, free Star-C after-school program, free Star-C summer camps, tenant association meetings, and on-site rental assistance events. Today, Springview Apartments is a completely transformed community, offering renovated units with hardwood floors, new kitchens and other elements at rents affordable for families earning at the 50% Area Median Income. The property enjoys high occupancy and the criminal activity has significantly dropped. Cleveland Avenue Elementary worked with the community partnerships
established by the ownership and Star-C to gain the STEM certification, the first elementary school in the Atlanta Public School system to achieve this certification.
Willow Branch Apartments
In 2000, TI Asset Management accepted management of Willow Branch Apartments, a 186-unit class C apartment community in east Atlanta. The Willow Branch apartment community enjoys a high immigrant population with over 22 languages spoken by the tenant community. The refugee population impacted Indian Creek Elementary, a low performing school in the Dekalb Public School system, which shares a property line with Willow Branch. TI Asset Management has managed Willow Branch for over 20 years, working with the ownership on a structured renovation plan (20 kitchens every year) and successfully pass HUD-REAC inspections. TI Asset Management also developed a community plan engaging the Dekalb Police Department, Emory University, Oakhurst Medical, Georgia Power, Star-C, dozens of churches, various nonprofits and leadership at Indian Creek Elementary. Programs including a community-build day with Kaboom Playgrounds (over 200 volunteers), on-site medical screenings, back-to-school medical event, free Star-C after-school program, free Star-C summer camps, and on-site rental assistance events. Today, Willow Branch is a stable community, offering rents affordable for families earning at the 55% Area Median Income. The property enjoys high occupancy with long-term tenants who are active in the community. The children living at Willow Branch have historically out-perform their peers on the Georgia Milestone and other federal testing, despite language barriers.