Baldwin Village

Athens, GA

Multifamily - Construction

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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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.