Monday, May 16, 2016

Multi Housing Advisors Brokers $25 Million Sale of Apartment Community in Macon, GA

Thomaston Crossing Apartments, Thomaston Road, Macon, GA
Robert Stickel
ATLANTA, GA — Multi Housing Advisors (MHA) has arranged the $25 million sale of Thomaston Crossing, a 250-unit apartment community located in Macon, Georgia.

Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the sellers, Sierra Development Group and SPP Residential. Maxus Properties Inc. purchased the property.

“Thomaston Crossing is truly a top-tier asset and the newest multifamily delivery in Macon. As the Central Georgia economy continues its expansion, job and wage growth have emerged,” Stickel said. 

“Multifamily properties are a prime beneficiary of Macon’s development with 4.9% year-over-year rent growth since December 2014, making it the fastest growing Georgia market outside of Metro Atlanta.”

Thomaston Crossing is located on Thomaston Road in the path of growth in West Macon. Built in 2014, the property is the newest and highest quality multifamily product in the area. Residents benefit from convenient access to I-75, which enables them to quickly access over 50,000 quality jobs.

Thomaston Crossing, Thomaston Road, Macon, GA

Multi Housing Advisors (MHA) has become known as a solid leader in the multi housing industry. 

The company, founded in 2002, was established to bring a focused brokerage platform to growing markets throughout the Southeast. 

Since that time, MHA has created value for clients in virtually every sector of the multi-housing market. 

The MHA team works hard to build and enhance value by leveraging strong attention to detail, accessing an active investor base and capitalizing on its vast market knowledge in ways that benefit every aspect of the transaction process.

MHA enjoys a total sales transaction volume that has surpassed $5.9 billion, representing over 143,000 units and nearly 850 individual transactions. MHA serves local, regional and national clients and has become known for its effective multi-office platform, excellent transaction history and rapid growth.

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

Deborah Rogers
Multi Housing Advisors

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