Monday, February 22, 2016

Multi Housing Advisors Brokers $9.85 Million Sale of Apartment Community in Griffin, GA

Ashford Place Apartments, Griffin, GA
 ATLANTA, GA (Feb. 22, 2016) — Multi Housing Advisors (MHA) has arranged the $9.85 million sale of Ashford Place and Ashford Villas. The two properties, comprised of 189 units, are located in Griffin, Georgia.

Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the seller, The RADCO Companies. Engineering Partners, LLC purchased the property.

Ashford Villas, Griffin, GA
“Ashford Place and Ashford Villas offered the buyer the opportunity to acquire two assets with exceptional in-place returns as well as the potential to further enhance resident experience and investment returns,” Stickel said.

 “Close proximity to Hartsfield-Jackson Airport and Georgia’s film industry tax incentives, in addition to its reputation as a regional medical hub, have made Griffin a prime destination for many new jobs.”

Ashford Place and Ashford Villas are located near Griffin’s main thoroughfares, offering residents convenient access to the Downtown area and major employers, such as Spalding Regional Hospital. Many of the properties’ unit interiors have been upgraded and are generating rent premiums. As such, new ownership will be able to build upon this positive momentum in the future while further enhancing the communities.

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

Deborah Rogers
Multi Housing Advisors

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