Monarch Apartment Homes

Address

7700 Aspen Lodge Way, Chattanooga, TN 37421

Size

192 Units

Acquisition Type

Multi-Family

Status

In Portfolio

Description

Monarch Apartment Homes (previously Forest Cove) is a garden-style community constructed in 2017/2017 over two phases across ten acres located in Chattanooga, Tennessee. The eight residential buildings are comprised of spacious one, two, and three-bedroom units with beautiful interior finishes including granite countertops, stainless steel appliances, and hard surface plank flooring. Interwest’s business plan is to improve the property’s revenue by bringing in-place rents in line with the market, increasing the efficiency of property operations, upgrading the common areas and amenity spaces, and generating a positive reputation in the market by rebranding and repositioning the asset.

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