Jay Remillard Of CP Capital Acquires 200-Unit Multifamily Community In Athens For $36.6M

The transaction involved the sale of a 200-unit garden-style multifamily community located at 100 Still Creek Lane in Athens, GA. The property encompasses 24 acres and was 95% occupied at the time of the sale. It was developed in 2020 and had previously sold for $36.6 million to Hilltop Residential Investments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 200
• Acres: 24
• Buyer: Jay Remillard - CP Capital
• Seller: Greg Finch - Hilltop Residential Investments
• Previous Sale Amount: $36.6 million
• Refinancing Amount: $33.5 million CMBS loan in 2022
• Occupancy Rate at Sale: 95%

CP Capital, represented by Jay Remillard, acquired the property from Hilltop Residential Investments, led by Greg Finch. The transaction reflects CP Capital's continued interest in multifamily properties within the Athens market.