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Baldwin Village

Athens, GA

Multifamily - Construction

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Baldwin Village

MULTIFAMILY - CONSTRUCTION

ACRES Capital Corp. has originated a $50.5 million loan to fund the construction and stabilization of Baldwin Village, a five-building, multifamily community featuring residential units and retail located at 475 Baldwin Street in Athens, Georgia. The loan is provided to sponsor Parker & Associates, an Athens-based property management and development firm with deep expertise in the local market.

Athens’ economy is driven partially by the growth of the University of Georgia, and as a result the city is rapidly expanding into a healthcare, technology, and innovation hub. RWDC Industries LLC, a biotechnology firm founded by the University’s innovation lab in 2015, has brought over 300 high-paying jobs to the city. These new employment opportunities have created significant demand for market-rate housing proximate to the University’s campus.

Baldwin Village will feature:
157 multifamily units
Approximately 25,000 square feet of retail space
221 parking spaces

$50.5 Million

Loan Amount

Construction Loan

Loan Product

“The ACRES team is intimately familiar with the benefits of the Athens market, having already originated a loan for another property in the area. This knowledge, along with the team’s support of our business plan for Baldwin Village, made the transaction a smooth process. We look forward to offering residents a new, high-quality housing option in Downtown Athens, especially those who are seeking non-student housing.”

- Ken Parker

Owner of Parker & Associates

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