Tuesday, November 24, 2015

Multi Housing Advisors Brokers $13.8 Million Sale of Apartment Community in Macon, GA


Forest Pointe Apartments, Macon, GA

Robert Stickel
ATLANTA, GA (Nov. 24, 2015) — Multi Housing Advisors (MHA) has arranged the $13.8 million sale of Forest Pointe, a 200-unit apartment community located in Macon, Georgia.

Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the seller, QR Capital, in the transaction. LMS Real Estate Investment Management purchased the property.

“Forest Pointe is an exceptionally located asset providing residents convenient access to major job centers and quality retail, while also offering a private residential setting,” Stickel said. 

“With recent upgrades to the exteriors and amenities, Forest Pointe provides the opportunity to focus new capital on interior upgrades, resulting in increases in both rental rates and investment returns.”

Forest Pointe is a cash flowing asset with recent capital improvements, including new exterior paint, new stacked stone grill and fireplace area by the pool, and dark stained cabinets.

The property is located in the premier North Macon submarket with true “country club” demographics and an average household income of over $74,000 within a one-mile radius of Forest Pointe.

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

Deborah Rogers
Multi Housing Advisors

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