Fogelman Properties Acquires Multifamily Property In Athens, GA From ECI Group For $44M

Fogelman Properties has acquired a multifamily property located at 2035 Timothy Road in Athens, GA. The property consists of 204 units and was sold by ECI Group for a total price of $44,000,000. With a price per unit of $215,686, this transaction represents a significant investment in the Athens market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $44,000,000
• Units: 204
• Price Per Unit: $215,686

Fogelman Properties, represented by Mark Fogelman, completed the acquisition of the property. ECI Group served as the seller in the transaction. This deal highlights the involvement of key individuals and companies in the successful purchase of the multifamily asset in Athens, GA.