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CLK Properties is excited to announce the acquisition of Latitude At Richmond Hill Apartments – 192 units in Savannah, GA. The acquisition reflects CLK’s boundless appetite to expand its portfolio with high-quality, well-located assets in markets that present long-term stability and economic growth. The property is a stabilized turn-key asset that stands to benefit from CLK’s established platform throughout Georgia, totaling 1,210 units as well as the 13,2000 units owned and operated throughout the Sunbelt.
“Latitude at Richmond is a next generation asset in a very strong market with tremendous population growth”, said Craig Koenigsberg, Founder and CEO of CLK Properties. “This market has all the economic drivers we’re looking for to grow our multifamily portfolio: (1) strong employers like Gulfstream Aviation and the Port of Savannah already support thousands of jobs, and Hyundai is opening an electric vehicle factory in 2025 that is projected to add another 22,500 jobs; (2) nearby healthcare and education institutions employ 30,000 people, and (3) property is located in the best school district in Savannah.”
The Property is located in the suburb of Richmond Hill within the rapidly growing Bryan County, which has benefited from the strong population and economic growth pushing south down I-95. The county ranked as the sixth fastest growing in the nation and the fastest growing in Georgia.
CLK Properties is a New York based, privately held, diversified owner/operator of multifamily, commercial and retail investment properties. For more information, please visit www.clk-properties.com or email [email protected].