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The text discusses a development proposal for the acquisition and redevelopment of Georgian Woods Apartments in Midtown Memphis. The project offers an opportunity to capitalize on the city's real estate market with a projected 45% return and $10.6 million net present value over five years. Midtown Memphis is highlighted as a thriving urban core area, following a trend of demographic shifts towards city centers. The proposal aims to deliver high-quality housing in a prime location for a $3 million equity investment.
