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| Legacy of Athens Apartments, Athens, GA |
ATLANTA, GA (Feb. 1, 2016) — Multi Housing
Advisors (MHA) has arranged the $13.5 million sale of Legacy of Athens, a 240-unit apartment community located in Athens,
Georgia.
Robert Stickel,
who leads MHA’s central to coastal Georgia deal team, represented the sellers,
Hawthorne Residential Partners and IBUS USA, Inc. Monument Capital Management
and FM Capital purchased the property.
“Legacy of Athens offered
the unique opportunity to invest capital in the highly sought-after Athens
market,” Stickel said. “While the University of Georgia is the city’s most
well-known employer, many have also recognized Athens is truly a booming
employment hub with one of Georgia’s lowest unemployment rates and the best
growth indicators along with an exceptional quality of life.”
Legacy of Athens consists
of 240 units, many of which were upgraded within the past few years with faux
stainless steel appliances, resurfaced countertops, and refinished cabinets.
Located in flourishing Athens, Georgia, the property is walking distance from
the University of Georgia’s new Veterinary Teaching Hospital campus as well as
high quality retailers such as Starbucks, Publix, and Chick-Fil-A.
For a
complete copy of the company’s news release, please contact:
Deborah Rogers
Multi Housing Advisors
404.645.7275
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