ACRES funded a $15.1 million loan which will be used to develop the first of two phases of a residential rental townhouse community in Athens, Georgia. The multifamily property will consist of the following:
Located near the University of Georgia, the property will benefit from the area’s growing market, high occupancy rate, and strong demographic trends.
The sponsor’s strong track record of developing single-family homes and townhomes further compound this property as an attractive project.
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