Peach Hill Capital And RK2 Property Group Acquire Multifamily Community In Savannah For $25.6M

The transaction involved the acquisition of a multifamily community located at 1015 King George Boulevard in Savannah, GA. This property, known as Georgetown Crossing, consists of 168 units and was sold for a total of $25.6 million, translating to a per unit price of $152,381.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,600,000
• Units: 168
• Address: 1015 King George Boulevard
• Market: Savannah, GA
• PPU: $152,381
• Buyers: Peach Hill Capital & RK2 Property Group
• Broker Representatives: Blake Coffey & Mark Boyce - Berkadia

Peach Hill Capital and RK2 Property Group have taken ownership of Georgetown Crossing, planning to rebrand the property as Georgetown Oaks. The buyers intend to upgrade 103 unrenovated units and enhance the amenities, taking advantage of Savannah's economic growth and high tenant demand.