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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.

Schatten Properties Sells The Lodge Apartments in Columbus, Georgia

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.

 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

 

 

 

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