Heritage Apartments: 8.45M HAP Sale in GeorgiaBill Brading
Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Heritage Apartments, a HAP offering in Griffin, Georgia. Heritage Apartments is a 120-unit community with 94% HAP coverage and 7 market rate units.
Griffin is a city within the metropolitan Atlanta area in the Southeast of Georgia, and 33 miles from Hartsfield-Jackson International Airport. At the time of sale, the building was in excellent condition with 98% occupancy.
AHIB represented the seller and was able to procure multiple competitive offers above target price. AHIB ultimately closed the deal at 8.45M on September 28th 2023 above asking price. Heritage Apartments closed in 132 days.