Joint Venture with Thackeray Partners Expands Georgia Footprint with Serene at Creekstone
Athens, Ga., Sept. 20, 2021: Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of the Serene at Creekstone apartment community in Athens, Ga.
Built in 2001, Serene at Creekstone has a total of 158 apartment units. The community is 96% occupied and offers one and two-bedroom apartment homes with rental rates starting from $984. Serene at Creekstone will undergo community upgrades including renovations to all interior units, fitness center improvements and updates to the outdoor grilling area and pavilions.
Fogelman acquired Serene at Creekstone through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the 13th acquisition for the Fogelman-Thackeray partnership, now totaling more than 2,500 units.
“Serene at Creekstone represents a move for Fogelman into a new product type with the SFR-style housing, which continues to gain in popularity with prospective residents,” says Mike Aiken, SVP of Investments at Fogelman. “We are excited to expand our portfolio with Thackeray and enter the Athens-Clarke County market, which was recently named one of the ‘100 Fastest-Growing Counties’ by the U.S. Census Bureau.”
For more information, visit www.sereneatcreekstone.com.
Fogelman Properties (Fogelman) is one of the country’s largest and most experienced privately-owned multifamily investment and property management companies. As a fully integrated company, Fogelman specializes in multifamily acquisitions, property management, construction management, and asset management. Founded in 1963, Fogelman manages 21 properties in the Atlanta market, totaling 6,000 units. Nationwide, Fogelman operates 94 multifamily communities totaling more than 28,000 apartment homes across 10 states in the Southeast, Southwest and Midwest. For more information about Fogelman, please visit www.fogelman.com or follow us on Facebook, Twitter and Instagram.