Popular on EntSun
- Jazz Fusion Legend Bob Holz To Release Album With Larry Coryell - 324
- Tec-Masters to Support In-Space Testing of Honda Regenerative Fuel Cell Technology on the International Space Station - 102
- Retirement Income Specialist Daniel Rondberg Joins Tom Hegna on the Exciting New Season of "Financial Freedom with Tom Hegna"
- Bald Guy Greetings Launches Bold New Postcard Line Celebrating Over-the Top (and Often Delusional) Confidence
- The Villages Welcomes NexGen Laser Pain and Rehab Centers—Revolutionizing Pain Management with MLS Laser Technology
- LIB Large-Scale Walk-In Test Chamber Full Process Delivery: MIL-STD-810H Chambers Enable Extreme Environment Testing
- Food Logistics Names Puga Sankara Founder CEO of Smart Gladiator LoadProof as Recipient of 2025 Rock Stars of the Supply Chain Award
- Family Estrangement on the Rise: Therapist Offers Support, Perspective, and Community for Those Affected
- DTFPrinter.com Launches to Revolutionize the Custom Transfer Printing Experience for Crafters and Creators
- Sanger Industrial Development Corporation Launches Workforce Grant to Strengthen Career and Technical Education
Similar on EntSun
- Stuck in Place? Why Homeowners Are Building Up Instead of Moving Out
- Guests Can Save 20 Percent on a Florida Keys Vacation Home Rental with KeysCaribbean's 'Last-Minute Booking Discount'
- North American Security Launches New Website to Reflect Evolving Industry Demands and Client-Centered Solutions
- Home Run Pest & Termite Control Launches Monthly Mosquito Service to Help Wylie, Plano, and Rockwall Homeowners Reclaim Their Backyards
- AppWork Secures $13 Million in Series A Funding from Resolve Growth Partners to Modernize Maintenance Operations in Multifamily Property Management
- Unlock the Benefits of Buying a Jersey Shore Home in Today's Market
- Sperry Commercial Global Affiliates Expands Investment in Buildout, Bringing Transaction Management to U.S. Affiliates
- Introducing the Abu Dhabi Property Investment Calculator: Your Key to Smarter Real Estate Decisions in 2025
- Mediterranean Estate Sells for Record $1.93M in Gotha's Braemar Community
- Guests Can Save 15 Percent on a Florida Keys Vacation Home Rental with KeysCaribbean's 'Advance Purchase Discount'
Peach Hill Capital and RK2 Property Group Acquire Savannah Apartment Community for $25.6 Million
EntSun News/11030836
SAVANNAH, Ga. - EntSun -- Peach Hill Capital, in a joint venture with RK2 Property Group, has acquired Georgetown Crossing, a 168-unit Class B garden-style multifamily community in Savannah, GA, in an off-market transaction for $25.6 million.
Georgetown Crossing, built in 1994, is located at 1015 King George Boulevard in Savannah's Georgetown submarket, a well-established bedroom community 13 miles southwest of Downtown Savannah. The one- and two-bedroom units are housed in seven, three-story residential buildings surrounding a clubhouse and resort-style pool. The residential buildings are connected by a series of walking paths with picnic areas, barbecues, and a dog park.
Georgetown Crossing, which will be rebranded as Georgetown Oaks, represents a value-add opportunity for Peach Hill and RK2, as 103 units have not been substantially renovated since the property was built. In addition to selectively upgrading unit interiors with new flooring, stainless-steel appliances, quartz countertops, tile backsplashes, cabinet fronts, and plumbing/light fixtures, the Peach Hill-led venture plans to improve landscaping and amenities with a scope that includes enhancing the pool area and installing a children's playground.
More on EntSun News
This is the second multifamily investment in Savannah in the past eight months for Peach Hill, which was formed in 2023 by three former New York City real estate investment professionals, including Daniel Joels and Josh Meyer. Late last year, the firm acquired two adjacent communities in Savannah's Southside submarket.
"By taking advantage of operational efficiencies and economies of scale, we plan to make thoughtful improvements that will enhance the tenant living experience while still maintaining affordable rents," said Joels.
With one of the largest and fastest-growing container ports in the country, a business-friendly environment, and a rich quality of life, Savannah continues to experience tremendous job and population growth, according to Meyer.
"We view Hyundai's new $7.6 billion EV plant, which is slated to open later this year, as a game-changing catalyst for further economic expansion here. In addition to the 8,500 direct jobs and thousands more ancillary jobs it will bring to Savannah, the new plant is poised to have a transformative impact on the area and lead to increased investment in the local community, its institutions, and its infrastructure," he said. "We expect this will only serve to augment the already high demand for quality affordable rental housing in the market."
More on EntSun News
"We were attracted to the risk-return profile of Georgetown Crossing, given the quality of the asset and the strong tenant demand in the submarket," added Abe Katz of RK2.
Berkadia's Mark Boyce and Blake Coffey represented the seller in the transaction.
Peach Hill Capital (http://www.peachhillcapital.com) is a real estate investment platform focused on acquiring and improving existing multifamily properties in select high-growth markets within the Southeast US. Peach Hill Capital is a real estate investment platform focused on acquiring and improving existing multifamily properties in select high-growth markets within the Southeast US.
Georgetown Crossing, built in 1994, is located at 1015 King George Boulevard in Savannah's Georgetown submarket, a well-established bedroom community 13 miles southwest of Downtown Savannah. The one- and two-bedroom units are housed in seven, three-story residential buildings surrounding a clubhouse and resort-style pool. The residential buildings are connected by a series of walking paths with picnic areas, barbecues, and a dog park.
Georgetown Crossing, which will be rebranded as Georgetown Oaks, represents a value-add opportunity for Peach Hill and RK2, as 103 units have not been substantially renovated since the property was built. In addition to selectively upgrading unit interiors with new flooring, stainless-steel appliances, quartz countertops, tile backsplashes, cabinet fronts, and plumbing/light fixtures, the Peach Hill-led venture plans to improve landscaping and amenities with a scope that includes enhancing the pool area and installing a children's playground.
More on EntSun News
- "Light" by Brian WF Tobin Follows Jesus as a 23-Year-Old Navigating the Darker Side of New York City
- Ikebana Reflections Launches on iPhone and iPad, Expanding the World's First Ikebana Art App Across the Apple Ecosystem
- Oliver Sean's "Devil is Back" Dominates Global Charts Once Again with Remastered Release
- Boston Industrial Solutions, Inc., introduces Rubber and Foam Printing Ink
- FeelWise to Exhibit at ATD 2025 International Conference & EXPO in Washington, DC
This is the second multifamily investment in Savannah in the past eight months for Peach Hill, which was formed in 2023 by three former New York City real estate investment professionals, including Daniel Joels and Josh Meyer. Late last year, the firm acquired two adjacent communities in Savannah's Southside submarket.
"By taking advantage of operational efficiencies and economies of scale, we plan to make thoughtful improvements that will enhance the tenant living experience while still maintaining affordable rents," said Joels.
With one of the largest and fastest-growing container ports in the country, a business-friendly environment, and a rich quality of life, Savannah continues to experience tremendous job and population growth, according to Meyer.
"We view Hyundai's new $7.6 billion EV plant, which is slated to open later this year, as a game-changing catalyst for further economic expansion here. In addition to the 8,500 direct jobs and thousands more ancillary jobs it will bring to Savannah, the new plant is poised to have a transformative impact on the area and lead to increased investment in the local community, its institutions, and its infrastructure," he said. "We expect this will only serve to augment the already high demand for quality affordable rental housing in the market."
More on EntSun News
- Webinar Announcement: Mexico's Evolving AML/CFT Environment: FATF Review and FTO Designations
- Men Come Celebrate Garden State Gay Socials' First Birthday!
- Damian Redd's "Caught in a Fantasy" Surpasses 100,000 Views on VEVO/YouTube Following Album Reissue
- "May the Fourth Be With You" Epic Star Wars Day Run/Walk in Alexandria, Va
- Museum Hack Presents Hacked Gala: A Rebellious Night of Art, Fashion, and Change at the Met
"We were attracted to the risk-return profile of Georgetown Crossing, given the quality of the asset and the strong tenant demand in the submarket," added Abe Katz of RK2.
Berkadia's Mark Boyce and Blake Coffey represented the seller in the transaction.
Peach Hill Capital (http://www.peachhillcapital.com) is a real estate investment platform focused on acquiring and improving existing multifamily properties in select high-growth markets within the Southeast US. Peach Hill Capital is a real estate investment platform focused on acquiring and improving existing multifamily properties in select high-growth markets within the Southeast US.
Source: Peach Hill Capital
0 Comments
Latest on EntSun News
- Mastering Summer Vacation Packing: Garment Saver's Guide for Every Adventure
- GO Media Productions Presents the Highly Anticipated Stage Play: THE LOST SON
- Local Leap Marketing Wins Creative Excellence Award for Healthcare Web Design
- Home Run Pest & Termite Control Delivers No-Contract Pest Solutions to Wylie, Rockwall & Surrounding Areas
- Lauren Coyle Rosen Unveils Debut Album 'Purify Flame'
- Eighth Blackbird and Athenaeum Center Welcome Renowned Puppeteer Tom Lee
- Innovative Guitar Virtuoso Luca Stricagnoli Comes to New Spire Arts
- American Mensa Welcomes 7-Year-Old Savannah Boy
- Portland Hosts Mensa's 2025 Mind Games®
- T&S and US Conec Ink Global Licensing Deal on MDC Technology to Advance High-Density Optical Interconnects
- Goosechase Rolls Out Unlockable Missions, Its Most Anticipated Feature Yet
- Couples Too Broke to Break Up – Divorce Expert Warns of Hidden Separation Crisis Amid Cost of Living Squeeze
- Max Tucci Signs with Gersh Literary Agency's Joe Veltre to Represent His Literary Works
- Entertainment Industry Professionals Speak at the 26th Baltimore 'ULMII' Conference
- Coming Up on "Financial Freedom with Tom Hegna" Retirement Authority Daniel Rondberg from Nation's First Financial
- The Ten News Wins 2025 Ambie Award for Best News Podcast
- Coachella 2025: Runway 7 Brings New York Fashion Week Energy to the Desert as Presenting Sponsor
- ServiceAgent.ai Brings 24/7 AI Call Answering to America's Home Services
- Threads of Change Sustainable Fashion Reception
- Custom Songs, Bold Cards & Big Feelings — Say What Matters with SingMyMessage.com