Multi Housing Advisors Brokers $10 Million Sale of Apartment Community in Athens, GA

Robert Stickel

ATLANTA, GA — Multi Housing Advisors (MHA) has arranged the $10 million sale of Arbor Ridge, a 212-unit apartment community in Athens, Georgia.

Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the Texas-based seller in the transaction, and procured the New York-based buyer.

“There continues to be incredible investor demand for quality value-add product,” Stickel said. 

“The Athens market is consistently demonstrating strong fundamentals with limited conventional development and increasing employment, resulting in a submarket with a very attractive supply and demand dynamic.”

Arbor Ridge, built in 1969 and renovated in 2008, is located at 150 Chateau Terrace and features a clubhouse, swimming pool, and tennis court.

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

Savannah Duncan

The Wilbert Group

404-343-0870 (O) 404-901-4433 (C)

sduncan@thewilbertgroup.com