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Commercial Real Estate

July 3 - Kole Management Acquires Macon Luxury Apartment Community

Category: Commercial Real Estate

Savannah Business Journal Staff Report

July 3, 2017 - Kole Management Co. (KMC), a family-owned property management and investment firm based in Savannah, has acquired Riverstone, a 220-unit luxury apartment community in Macon, Ga.

Riverstone, built in 2012, is located near the crossroads of Interstates 75 and 16 less than one mile from the city’s premier lifestyle center, The Shoppes at River Crossing.

The Riverstone community consists of one-, two- and three-bedroom garden-style units with gourmet kitchens, nine-foot ceilings, soaking garden tubs, walk-in closets and washer/dryer connections. Property amenities include a pool with gas and charcoal grilling stations, a billiard and social room, fitness center, cyber café with WiFi, a fire pit and a dog park.

Riverstone is the third North Macon apartment community acquired by KMC. The firm also owns and operates The Falls, a 296-unit property at Spring Creek, and the 200-unit Legacy at River Crossing.

“Riverstone is a fabulous property,” said Kole Management President Jeff Kole. “The floor plans and unit features are top of the line, and the expansive clubhouse and related amenities lend a true resort air to the community.”

KMC owns and operates more than 2,300 total apartments in Georgia and South Carolina,
which consists of the three Macon properties, The Palms in the West Ashley section of
Charleston, 1035 Alexander in Augusta and, in the Savannah area, Alhambra, Wyndmere,
Kessler Point, Rendant, Arbors, Ridgewood, Carriage House and Ashton at Richmond Hill.

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