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| Lauarel Ridge apartments, Athens, GA |
ATHENS, GA, and NORTH AUGUSTA, S.C. (June 18, 2014) — Multi
Housing Advisors (MHA) has arranged the separate sales of the 294-unit Laurel
Ridge in Athens, Georgia, and the 132-unit Savannah Oaks in North
Augusta, South Carolina.
“These sales
represent the recent trends of private capital owner-operators purchasing
value-add opportunities in the multifamily sector,” said Robert Stickel,
a managing director in MHA’s Atlanta office.
Stickel represented
Juniper Investment Group in the sale of Laurel Ridge. The property, which was
constructed in 1968, is located at 195 Epps Bridge Road in Athens. Amenities
include a clubhouse, clothes care center, fitness center and swimming pool. New
York-based Benchmark Group purchased the property.
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| Savannah Oaks apartments, North Augusta, SC |
Stickel also
represented QR Capital in the sale of Savannah Oaks. Built in 1976, the
property is located at 1402 Groves Blvd. in North Augusta. Amenities include a
swimming pool, laundry facilities and a playground. California-based
Brandenburg Properties acquired the property.
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
404-549-7150 (O)
404-405-2354 (C)
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