RICHMOND HILL, GA
192 UNITS
Purchase Price: $26,880,000
Renovation: $851,400
Financing: $20,050,000
Total Equity: $9,233,405
Planned Hold Time: 5 – 7 Years

Latitude at Richmond Hill, formerly Buckeye Apartments, is comprised of 192 units built in several phases: 2008/2015/2019. URS was able to acquire Latitude at Richmond Hill as it entered lease-up of its final phase. The property was acquired from the same ownership group as Pooler Station, whom URS had established a healthy relationship with during its purchase.

URS has owned and operated three assets in Savannah since acquisition of Moss Pointe in 2016, and had a strong on-site team in place to take over management and maintenance.

URS believes Latitude at Richmond Hill represents a quality asset that can generate consistent cash flow and capital appreciation, at a discount, to both replacement cost and stabilized value. Once the rebranding and enhancements are completed and management in place, we believe this asset will be a great option for young families and those relocating to the area seeking a great quality of life, best in class schools and excellent proximity to major employment.