Find Real Estate Agents and Homes for Sale


Real Estate News --> Georgia News

Capital Square 1031 Acquires 160-Unit High Ridge Apartment Community in Athens, Georgia


ATHENS, GA - Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust investments, announced its acquisition of High Ridge Apartments, a 160-unit multifamily community in Athens, Georgia.


Archived Story

ATHENS, GA - Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust investments, announced its acquisition of High Ridge Apartments, a 160-unit multifamily community in Athens, Georgia. Located at 700 Mitchell Bridge Road, High Ridge Apartments is situated on 17.99 acres of land.  The community is comprised of 11 two- and three-story residential apartment buildings consisting of one-two- and three-bedroom units, with an average size of 1,228 square feet. High Ridge Apartments is Capital Square 1031's 41st DST offering for investors who desire a quality replacement property for their Section 1031 exchanges.  "The DST industry is growing at a rapid pace as the baby boomers and others seek a passive, investment-grade replacement property for their 1031 exchangesMultifamily properties that generate stable cash flow have become the most popular asset class for DST offerings," said Louis Rogers, founder and chief executive officer of Capital Square 1031. "With limited new construction in the past 10 years, an occupancy rate of 95 percent and a rental growth of nearly 5 percent, Athens is an exceptional multifamily rental market," Rogers added"High Ridge aligns perfectly with Capital Square 1031's strategy of acquiring institutional-quality assets in favorable markets with strong multifamily fundamentals that translate to stability and long-term growth for Capital Square's growing number of investors." The property was acquired with a 10-year term loan from Fannie Mae, same as prior Capital Square 1031 acquisitions. The property qualified for Fannie's Green Financing Program, resulting in lower utility bills and a reduced interest rate for making energy-saving expenditures. The community has a complete amenity package, including a clubhouse, fitness center, grilling area, lighted tennis court, playground and a swimming pool, as well as onsite management and maintenanceIndividual unit amenities include custom cabinetry, energy efficient appliances, a private balcony or patio and walk-in closets High Ridge Apartments is centrally located near Georgia State Route 10 Loop, U.SRoute 78 and U.SRoute 129, and is near entertainment, shopping and dining optionsThe property is within a 15-minute drive of Athens' top employers, including a new Caterpillar facility that recently added 1,500 new jobs near the property. "The property is in excellent condition. The seller made substantial capital improvements since 2013," Rogers said. The Athens area is home to the University of Georgia, which currently has more than 36,000 students, the University of Georgia – August University Medical Partnership, and Athens Technical CollegeAccording to Reis.com, the local multifamily market experienced the highest average asking rents on record in 2017Among its accolades, Athens made Forbes' 'Best Places to Retire in 2017' list and National Geographic Traveler's 'Best Trips 2017' list, and USA Today Sportsranked the city second on its 'Best College Football Towns in America' list. Capital Square 1031 / #Apartments #Multifamily Latest News Headlines Search Capital Square 1031 Acquires 160-Unit High Ridge Apartment Community in Athens, GeorgiaMaplewood Senior Living Starts Construction on Its Latest Residential Community in...Unique Seaside Barefoot Living Community Opens in Iconic Beach Town of Dana Point,...Kennedy Wilson Expands Portland Portfolio with Acquisition of Savier Street Flats for $60...Security Properties Acquires 348-Unit Arbor Heights Apartments in Tigard, Oregon for $81...Morgan Properties Acquires 2,729-Unit Portfolio in Suburban Maryland-D.CCorridor for... Advertisement Newsletter Subscribe to our newsletter to get the latest news in your inbox. Subscribe $('#subscribe').on('click', function() { var email = $('#email').val(); if (email == ') { return false; } else { $(this).attr('href', 'https://list.robly.com/subscribe/post?a=68a9b99ca76cf5fd1c245089f5902991&EMAIL=' + email); } }); Blog Spotlight Search Boosting Your Apartment Community’s Brand with Video MarketingMultifamily Tech TrendsMultifamilyBiz.com Press Releases Search Hunt Mortgage Group Refinances a Multifamily Property Located in Fall River,...The Gelt Foundation is Launched; Nonprofit Focuses on Preventing Homelessness for...MIG Real Estate Acquires 178-Unit Bayside Apartment Community in Phoenix, ArizonaKWA Construction Completes Tech-Savvy Digit 1919 Apartment Community in Dallas,... On-Demand Webcasts Search Utilizing Resident Portals to Serve Next Generation RentersTurning Around Derailing People PerformanceTech Trends and Topics – The Centennial EditionBuilding Digital Ecosystems to Amplify Your Marketing Latest Videos Tips for Boosting Social MediaMoving With Your PetsFloral Couches Must Die-Dew Video with Beth Koch Upcoming Events NAHB International Builders' ShowJan 9 - Jan 11, 2018 | Orlando, FLNMHC Apartment Strategies Outlook ConferenceJan 16 - Jan 18, 2018 | Orlando, FLConnect HoustonFeb 7 - Feb 7, 2018 | Houston, TX Media Resources Multifamily News Industry Voices On-Demand Webcast Press Releases Latest Videos News Feeds Multifamily Directory Vendor Listings Housing Agencies List Your Company Apartment Marketing Directory Feeds Find Apartments Apartment Listings List Your Community Moving Center Apartment Feeds eBay Classifieds Partner Industry Events Industry Events On-Demand Webcast Submit Conferences Event Services Event Feeds On-Demand Videos Latest Videos Upload Videos On-Demand Webcast Video Feeds About Us About Us Terms of Use Privacy Policy Contact Us MultifamilyBiz.com is the Next Generation Internet Platform for the Multifamily Industry and is the place to be for everything touching multifamily housingFrom the latest industry news, member posted press releases, to its robust vendor directories, MultifamilyBiz.com is dedicated to providing a suite of focused, leading-edge, online tools and resources designed to maximize and accelerate commercial activities in the multifamily marketplace.

Trending Georgia News:


  • Buford, GA Real Estate: Newly Listed Homes for Sale
  • ATLCO: Emerging Experienced Real Estate Investment Company
  • Donald Trump’s Post-Election Business Is Booming
  • DOJ: Real Estate Investor Pleads Guilty to Rigging Foreclosure Auctions
  • KeyBank Secures $20.6M Loan for Student Housing Community Near University of West Georgia
  • New Economic Impact Study Shows SCAD Generates $600 M for the State of Georgia
  • Falcons' Julio Jones involved in large mixed-use project at Mall of Georgia
  • Bits & Bites [Atlanta Commercial Real Estate News]
  • New senior living company enters Georgia, acquires three Atlanta area properties
  • YOUR OPINION: Obamacare Is Bad News, Vote For Leaders Who Will Reverse It
  • Georgia Senate may apply data center tax break to rural counties
  • Chip Rogers to exit Senate
  • Warner Robins, Perry Named Top Affordable Places to Live
  • Georgia's 10 most endangered historic structures revealed
  • DOH Shutters Georgia’s Eastside BBQ on Orchard Street
  • Judy Mims Joins Georgia Business Brokers Board
  • RE/MAX buying RE/MAX of Georgia, two other independent regions for $50M
  • Surprised homeowner shot real estate photographer in the buttocks, lawsuit says
  • Carroll, Goldman Sachs Strike Again
  • Atlanta's top commercial real estate brokerages see nearly 12 percent increase in 2017