Monday, February 1, 2016

Multi Housing Advisors Brokers $13.5 Million Sale of Apartment Community in Athens, GA

Legacy of Athens Apartments, Athens, GA
 ATLANTA, GA (Feb. 1, 2016) — Multi Housing Advisors (MHA) has arranged the $13.5 million sale of Legacy of Athens, a 240-unit apartment community located in Athens, Georgia.

Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the sellers, Hawthorne Residential Partners and IBUS USA, Inc. Monument Capital Management and FM Capital purchased the property.

“Legacy of Athens offered the unique opportunity to invest capital in the highly sought-after Athens market,” Stickel said. “While the University of Georgia is the city’s most well-known employer, many have also recognized Athens is truly a booming employment hub with one of Georgia’s lowest unemployment rates and the best growth indicators along with an exceptional quality of life.”

Legacy of Athens consists of 240 units, many of which were upgraded within the past few years with faux stainless steel appliances, resurfaced countertops, and refinished cabinets. Located in flourishing Athens, Georgia, the property is walking distance from the University of Georgia’s new Veterinary Teaching Hospital campus as well as high quality retailers such as Starbucks, Publix, and Chick-Fil-A.

 For a complete copy of the company’s news release, please contact:
Deborah Rogers
Multi Housing Advisors

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