20170804 124218

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.
Investment Highlights:
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.