The Hallmark Companies Inc Acquires 208 Unit Multifamily In Savannah For $25.1M With Fannie Mae Financing

A multifamily property located at 8505 Waters Avenue in Savannah, GA, with a sale price of $25,100,000. The property consists of 208 units, resulting in a per unit price of $120,673.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,100,000
• Buyer: The Hallmark Companies, Inc
• Lender: Fannie Mae
• Units: 208
• Per Unit Price: $120,673
• Sale Date: 11/07/2025
• Market: Savannah, GA
• Broker Representatives: Brooks Colquitt & Christopher Lyon - Newmark

Newmark facilitated both the sale and financing, arranging $18.5 million in Fannie Mae financing for the property. Brooks Colquitt and Christopher Lyon represented the undisclosed seller during the transaction.