New Acquisition

21 George Investors, and partners, are pleased to announce the recent acquisition of Canterbury Court Apartments, an 80-unit apartment complex in Montgomery, AL.

Location:                                Montgomery, AL

Property Details:                  80 units; 5 buildings

Purchase Price:                     $2,600,000

Status:                                    Stable

Occupancy:                           88%

Value Adds:                          – Implement Superior Asset Management

                                               – Improve Curb Appeal

                                               – Address Deferred Maintenance

                                               – Upgrade Units

                                               – Upgrade Clubhouse

                                               – Increase Rents and Occupancy

This acquisition brings 21 George Investors’ portfolio to 11 assets totaling 249 units.