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Tuesday, October 17, 2017
   
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Commercial Real Estate

Oct. 11 - Greystone Brown Real Estate Advisors Closes $18 Million Sale of Georgia Multifamily Acquisition

Category: Commercial Real Estate

Savannah Business Journal Staff Report

October 11, 2017 - Greystone Brown Real Estate Advisors today announced it has closed on the sale of Oglethorpe Square, a 160-unit apartment community, for $18,095,000. Located in Pooler, GA in Chatham County, the property was sold on September 27. Bo Brown and Steve Mack of Greystone Brown Real Estate Advisors represented the buyer and seller in the transaction.

Constructed in 2006, Oglethorpe Square is a gated multifamily community located within close proximity to historic Savannah, GA. The property offers amenities including a swimming pool, fitness center, clubhouse, BBQ area, walking paths, and convenient access to shopping, dining and recreation.

“Bringing this fractured condo back together for a sale was a challenge, but it ultimately presented an incredible opportunity for the buyer to acquire a quality asset with substantial room for value-add,” said Steve Mack, Director, Greystone Brown Real Estate Advisors. “The greater Savannah region is seeing rapid growth, and the Pooler market is certainly benefiting from its proximity to such a desirable city,” he added.

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