Saturday, September 5, 2015

Multi Housing Advisors Brokers $19.9 Million Sale of Apartment Community in Augusta, GA


Robert Stickel
ATLANTA, GA— Multi Housing Advisors (MHA) has arranged the $19.9 million sale of Century Hills, a 200-unit apartment community built in 2000 and located in Augusta, Georgia.

Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the seller in the transaction. Kole Management Co. purchased the property.

“Century Hills is exceptionally located in Augusta, providing residents convenient access to premier retail as well as the various expanding job centers,” Stickel said.

“The Augusta market has seen extensive growth, including 15,000 jobs created or announced in the last 26 months. The property also presents the opportunity to experience rental rate increases through a focused value-add renovation program.”

Located on Alexander Drive, Century Hills is less than two miles from Costco, Whole Foods, Publix, Kroger, Fresh Market, and Starbucks. It also offers convenient access to two intersections of I-20 and is less than five miles from the Downtown Medical District, which includes more than 25,000 jobs.

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)

No comments:

Post a Comment