Coastal Apartment Advisors has brokered the sale of Bermuda Run Apartments, a 164 unit student housing complex located at 100 Bermuda Run, Statesboro, GA. Bermuda Run Apartments was sold on January 7, 2010 for $6,300,626 to Raleigh, NC based The Preiss Company. The property was built in two phases in 1991 and 1997. Steve Mack and Jim Sewell of Coastal Apartment Advisors' Hilton Head, SC office brokered the transaction.
Jim Swell is President and partner of Coastal Apartment Advisors and has been successful in multi-family real estate for more than 14 years. Prior to forming CAA, Jim was with a leading multi-family brokerage firm in the Southeast where he completed more than $350 million in multi-family transactions. Jim graduated from Emory University with a degree in Economics and went straight into multi-family sales.
Steve Mack is Vice President and partner of Coastal Apartment Advisors and has been in real estate since 1996. Before he joined the company, Steve was with a leading multi-family brokerage firm in Atlanta. The remainder of his time in real estate was spent at a regional REIT with offices in the southeast. He graduated from San Diego State University with a degree in Business Administration / Accounting and is a licensed CPA.
About Bermuda Run Apartments: Bermuda Run Apartments are located off-campus near Georgia Southern University in Statesboro, Georgia. The community offers a great value, a convenient location, and most importantly, fun! More than just a typical college dormitory experience, Bermuda Run offers housing that provides the ideal educational apartment environment. At Bermuda Run you can choose your own room and roommates! In addition to our easy online reservation system, we provide financial security with individual leases perfect for Georgia Southern University students. Residents also enjoy the sparkling swimming pools, game room, and computer lab. And every bedroom is wired for high-speed Internet. Georgia Southern University students looking for apartments in Statesboro, Georgia will find that Bermuda Run is an excellent fit for all of their apartment needs.
About Coastal Apartment Advisors: Coastal Apartment Advisors (CAA) is a regional multi-family brokerage firm focused on providing professional advisory services to the Carolinas, Florida and Georgia. CAA allows regional owners access to a national network of buyers. Our brokers and staff provide a wide variety of real estate investment services including property marketing, financial analysis, market research, client reporting, and administrative support, and can assist buyers in finding the best lender and loan program for their particular transaction.