BOCA RATON, FL - Cornerstone Investment Partners announced it has closed the $5,165,000 sale of a multifamily complex in Commerce, Georgia. Cornerstone Investment Partners syndicated the acquisition of Jackson Place Apartments in 2018. The Cornerstone team, lead by Nitzan Mosery, is responsible for the successful sale of the asset which closed earlier this week.
Located in Jackson County, Jackson Place Apartments are located on Victoria Way and comprise of 50 total units. The asset was managed by Jade PMC, LLC a full-service property management company specializing in apartment management.
“This multifamily complex is ripe for increased rental rates and we are thrilled to have completed yet another timely disposition,” said Nitzan Mosery, CEO of Cornerstone Investment Partners. “As the area continues to experience massive growth and job opportunities, residents are moving to the area looking for a quiet, safe place to reside. Jackson Place Apartments represents a quality asset for the residents as well as a sound investment opportunity for the buyer.”
About Cornerstone Investment Partners: Cornerstone Investment Partners is a privately held commercial real estate investment firm specializing in the acquisition, asset management, and disposition of multifamily properties throughout the Southeast. The firm opened in 2010 and has bought and sold assets in multiple states around the United States. The team at Cornerstone is committed to enhancing the lives of their residents by creating exceptional communities, as well as our investors, by unlocking all of the value our assets have to offer.