Blackfin Real Estate Investors LLC Acquires Sage Creek Apartments From JJM Realty Partners LLC For $17.3M

The multifamily property involved in this transaction is located at 1315 Marks Church Road, Augusta, GA, and consists of 120 units. The sale price for the property was $17,300,000, equating to approximately $144,167 per unit. The property was built in 2016, marking Blackfin Real Estate Investors' first acquisition in Georgia.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,300,000
• Address: 1315 Marks Church Road
• Market: Augusta, GA
• Units: 120
• Price Per Unit: $144,167
• Buyer: Blackfin Real Estate Investors LLC
• Seller: JJM Realty Partners LLC
• Brokers: Ian Shaw & Mike Riley - Berkadia
• Mortgage Brokers: Patrick McGlohn, Brian Gould, Miles Drinkwalter, Natalie Hershey & Ted Hermes - Berkadia

This acquisition involved key individuals and firms, with Berkadia serving as both the selling and financing agent for the transaction. Blackfin Real Estate Investors sought to expand their portfolio with this purchase, facilitated by the team from Berkadia, which played an essential role in the deal.