Mesa Capital Partners acquired three new apartment communities, growing their portfolio by 896 units in the 4th quarter. Spread across the Southeast, the three properties are located in Atlanta, GA, Brunswick, GA and Jacksonville, FL. While the two located in Georgia are strategically targeted for value-add, the Florida community is a Class “A” new construction deal. “These acquisitions continue our strategy of acquiring assets in growing, diversified markets throughout the Southeast” said Partner, Zach Schaumburg. Mesa is poised to add future properties to its portfolio in the coming months. “We will continue to be very active buyers in 2014”, added Schaumburg.
Spring Lake Apartments (formerly known as Woodchase) is a 380-unit, Class B apartment community located in Atlanta, GA. The community was built in 1987 and consists of 20 residential buildings featuring 1, 2 and 3 bedroom units.
The Retreat at Grande Lake (formerly known as Fox Run at The Landings) is located in the city of Brunswick, within Georgia’s southeast coastal region. Constructed in 2001, Fox Run is a gated community consisting of 192 units and offers a full slate of amenities. The Property offers an attractive mix of one, two, and three bedroom floor plans with average unit size of 1,128 SF. The gated community offers a full slate of amenities, including a swimming pool, tennis and volleyball courts and clubhouse and fitness center.
Seagrass Apartments is new construction multifamily project located in Jacksonville, Florida. Once completed, the project will include 396 Class “A” luxury garden style apartment units on 22 acres. The project is well located in one of Jacksonville’s best Southside submarkets along Atlantic Boulevard. Luxury amenities include a large clubhouse with billiards room, business center, internet café, fitness center with spinning/yoga area, game room, private theater, summer kitchen, fire pit, spa tub and two swimming pools.
About Mesa Capital Partners
Mesa Capital Partners is a multifamily real estate investment firm based in Atlanta, Georgia that makes commercial real estate investments on behalf of the firm’s principals, private investors and institutional co-investment partners. Since 2010, Mesa has acquired over $350M of assets throughout the Sun Belt, and presently has 3 new construction properties underway in Florida and South Carolina.