Schatten Properties Sells The Lodge Apartments in Columbus, Georgia
COLUMBUS APARTMENT COMMUNITY TRADES HANDS
Atlanta, GA (Jan. 22, 2016) – CBRE’s Capital Markets team announced the sale of The Lodge Apartments, a multihousing community in Columbus, Ga. CBRE’s Brad Simmel represented the seller, Schatten Properties, a Nashville-based firm with apartment communities throughout the Southeast.
Gladiator, LLC, a specialty real estate firm focused on the multifamily property market, acquired the complex. The property, located at 464 North Oakley Drive, is in Columbus, Ga., south of Atlanta. Until the sale, which closed Jan. 25, 2016, the property has been owned and managed by the original developer and has remained well-maintained and occupied.
“This property provides the desired convenience to I-185 and a quiet, relaxing environment with spacious units all in one,” Simmel said. “Residents benefit from easily accessible local retail and restaurants, as well as proximity to the downtown Columbus Riverfront and Ft. Benning.”
The sale is indicative of the continued interest that the Southeast has generated among national and international multifamily investors, as well as the focus on stable properties with value-add potential.
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