New Acquisition

21 George Investors, and partners, are pleased to announce the recent acquisition of Island House Apartments, a 16-unit apartment complex in Montgomery, AL.

Location:                                Montgomery, AL

Property Details:                  16 units; 1 building

Purchase Price:                     $525,000

Status:                                    Stable

Occupancy:                           100%

Value Adds:                          – Implement Superior Asset Management

                                               – Improve Curb Appeal

                                               – Address Deferred Maintenance

                                               – Upgrade Units

         – Combine with recently acquired 80-unit property next door to create economies of scale

                                               – Increase Rents

This acquisition brings 21 George Investors’ portfolio to 12 assets totaling 271 units.