SAM Recapitalizes Civic Center West

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Southaven, MS- Sandhurst Apartment Management (“SAM”) has announced the recapitalization of Civic Center West Apartments, a 392-unit multifamily apartment complex built in 2002 located in Southaven, MS. SAM has owned and operated this asset since 2006. The recap closed in March 2016.


Civic Center West Apartments is positioned in Southaven, MS, a popular submarket of Memphis. The property is one of the newest apartment communities in Southaven and is located in the Desoto Central School District. The property offers a variety of one, two- and three-bedroom apartments, which appeal to families looking to live in the popular Desoto school district. The asset has remained stable during SAM’s 10 years of ownership, as population and rent growth continue to increase in this Memphis suburb. SAM also has owned Civic Center East (Phase II of the development) since 2007 and plans to recapitalize this asset in late 2016.


SAM is pleased to recapitalize Civic Center West with its equity partners. As the demand for housing in Southaven continues to be very strong, the decision to recapitalize proves to be consistent with our strategy of maintaining assets located in growing submarkets with strong demographics, projected rent growth and minimal new supply forecasted within the market. With easy access to Interstate 55, the property provides residents with an easy commute to downtown Memphis, the Medical Corridor and the Memphis Airport. In addition to easy accessibility to major highways, Civic Center is located just minutes away from an upcoming 310,000 SF retail development that will feature a Tanger Factory Outlets Center with 75 brand name stores.



Sandhurst Apartment Management is a forward-thinking, time tested group that provides a wholly integrated package of property management services, including on-site asset management, construction supervision and due diligence. Our success is rooted in our thoroughly vetted, value-add property investments that provide high-quality rental apartments in good school zones with attentive, hands-on-property management. Sandhurst owns and manages assets in 8 states totaling almost 8,000 units.