Saturday, January 30, 2016

Multi Housing Advisors Brokers $18.2 Million Sale of Apartment Community in Savannah, GA

Robert Stickel
ATLANTA, GA — Multi Housing Advisors (MHA) has arranged the $18.2 million sale of Clover Village at Vernon Marsh and White Bluff. The two properties, built in 1986 and 1985, respectively, are comprised of 298 units and are located in Savannah, Georgia.

Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the seller, Clover Group, Inc. McDowell Properties purchased the property.

“Vernon Marsh and White Bluff are well-located, infill assets in Savannah,” Stickel said. “High barriers to entry in this submarket are creating exceptional apartment fundamentals and an ideal environment for value-add opportunities, which increase the investment capital flowing to this quality area.”

Clover Village at Vernon Marsh and White Bluff are located along White Bluff Road at the intersection of Abercorn Street and Harry Truman Parkway, providing easy access to both Savannah’s Southside submarket and Downtown district.  

The properties feature large floorplans, many with marsh views, creating a unique living experience for residents and upside potential for future ownership.

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

Deborah Rogers
Multi Housing Advisors

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