Wednesday, June 18, 2014

MHA Brokers Apartment Sales Totaling 426 Units in Georgia and South Carolina


Lauarel Ridge apartments, Athens, GA

ATHENS, GA, and NORTH AUGUSTA, S.C. (June 18, 2014) — Multi Housing Advisors (MHA) has arranged the separate sales of the 294-unit Laurel Ridge in Athens, Georgia, and the 132-unit Savannah Oaks in North Augusta, South Carolina.

 “These sales represent the recent trends of private capital owner-operators purchasing value-add opportunities in the multifamily sector,” said Robert Stickel, a managing director in MHA’s Atlanta office.

 Stickel represented Juniper Investment Group in the sale of Laurel Ridge. The property, which was constructed in 1968, is located at 195 Epps Bridge Road in Athens. Amenities include a clubhouse, clothes care center, fitness center and swimming pool. New York-based Benchmark Group purchased the property.

Savannah Oaks apartments, North Augusta, SC
 Stickel also represented QR Capital in the sale of Savannah Oaks. Built in 1976, the property is located at 1402 Groves Blvd. in North Augusta. Amenities include a swimming pool, laundry facilities and a playground. California-based Brandenburg Properties acquired the property.

For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404-549-7150 (O)
 404-405-2354 (C)

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