Multi Housing Advisors (MHA) has arranged the sale of Waverly Station at the Highlands, a 329-unit apartment community located in Pooler, Georgia.
Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the seller, The Sterling Group. Based in Mishawaka, IN, Sterling is an aggressive owner, operator, and buyer of multifamily assets throughout the Midwest and Southeast. Gamma Real Estate and Somerset Partners purchased the property.
“Waverly Station at the Highlands is among the highest quality properties in the Savannah area featuring an excellent unit mix with
spacious floor plans and an outstanding amenity package,” Stickel said. “The investors purchased this unique, two-phase property due to its superior location in a thriving Georgia submarket, as well as its convenient access to major employers such as the Port of Savannah and Gulfstream.”
Built in 2010 and 2012, Waverly Station at the Highlands is a Class A property which draws from an affluent tenant base with an Average Household Income of $92,439 within a one mile radius. Waverly Station is located less than 15 minutes from Savannah/Hilton Head International Airport, Gulfstream Headquarters, and the recently opened Tanger Outlets.
Multi Housing Advisors (MHA) has become known as a solid leader in the multi housing industry. The company, founded in 2002, was established to bring a focused brokerage platform to growing markets throughout the Southeast. Since that time, MHA has created value for clients in virtually every sector of the multi-housing market. The MHA team works hard to build and enhance value by leveraging strong attention to detail, accessing an active investor base and capitalizing on
its vast market knowledge in ways that benefit every aspect of the transaction process.
MHA enjoys a total sales transaction volume that has surpassed $5.1 billion, representing nearly 130,000 units and over 750 individual transactions. MHA serves local, regional and national clients and as become known for its effective multi-office platform, excellent transaction history and rapid growth. For more information, visit www.usmha.com.