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| Robert Stickel |
ATLANTA, GA (Aug. 17,
2015) — Multi Housing Advisors (MHA) has arranged the sale of Gateway Crossing, a 240-unit apartment
community located in Augusta, Georgia.
Robert Stickel,
Managing Director of MHA’s Central to Coastal Georgia team based in Atlanta, represented
the seller, Giddings Communities Group, in the transaction. LMS Real Estate
Investment Management, LLC and Romspen Real Estate Investments, Inc. purchased
the property.
“Gateway Crossing is the
premier apartment community in the Augusta market, and provides compelling
investment returns,” said Stickel.
“The property’s strategic location provides
access to various job centers throughout Augusta, which has experienced
explosive employment growth including more than 14,700 jobs created or announced
in the last 26 months. This has created strong fundamentals and investor demand
continues to grow in this emerging market.”
Gateway Crossing is
located at 601 Giddings Court and features a clubhouse with an Internet cafe, a
community garden, resort-style swimming pools with outdoor kitchen and
entertainment areas, a state-of-the-art fitness facility and concierge units.
For a complete
copy of the company’s news release, please contact:
Savannah Duncan
The Wilbert Group
404-343-0870
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