BOCA RATON, FL - Cornerstone Investment Partners announced it has closed the $3,700,000 sale of a multifamily complex in Athens, Georgia. Cornerstone Investment Partners syndicated the acquisition of Jade North Apartments in 2018. The Cornerstone team, lead by Nitzan Mosery, is responsible for the successful sale of the asset which closed earlier this week.
Located in Clarke County, Jade North Apartments are located on Berlin St and comprise of 44 total units. The asset was managed by Jade PMC, LLC a full-service property management company specializing in apartment management.
“This multifamily complex sits in an excellent location next to the University of Georgia. It is less than 1.5 miles from downtown Athens and is ripe for immediate upgrades as well as increased rental rates. We are thrilled to pass this asset on to the next owner.” said Nitzan Mosery, CEO of Cornerstone Investment Partners. “As Athens continues to experience massive growth, residents and students are moving to the area looking for the next best place to reside. We are confident this asset will lead the way.”
About Cornerstone Investment Partners: Cornerstone Investment Partners is a privately held commercial real estate investment firm specializing in the acquisition, asset management, and disposition of multifamily properties throughout the Southeast. The firm opened in 2010 and has bought and sold assets in multiple states around the United States. The team at Cornerstone is committed to enhancing the lives of their residents by creating exceptional communities, as well as our investors, by unlocking all of the value our assets have to offer.