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HINESVILLE BTR PORTFOLIO
Asset ClassMultifamily
# Sites3
# Units: 225AVG SF: 1,444AVG In Place Rent: $1.38 / SFAccess Data Room
PARTIALLY STABILIZED BTR OFFERING
overview of deal

Overview

The Palmer Real Estate Investment Services group is pleased to exclusively present the Hinesville BTR Portfolio, a collection of three purpose-built townhome rental communities located in Hinesville, GA within the Savannah MSA. These master-planned, wholly owned subdivisions consist of Hamlet Townhomes (96% occupied) along with Outpost Townhomes and Palms Townhomes both of which are forward-sale, Built-to-Rent (BTR) communities with units’ under-construction.

 

These 225 collective units are comprised of 3BD/2.5BA floorplans that are 1,444 SF within 2-story townhomes with attached 1-vehicle garages. The properties are only separated by 4-miles enabling management efficiencies through a centrally located property management team. The lack of multifamily or BTR development in Hinesville over the past decade has significantly increased rental demand for high-quality assets, as demonstrated by the Hamlet stabilizing within only a few months post-completion. In addition, there are no other multifamily or BTR properties under-construction or proposed within a 10-mile radius which will benefit these three communities by ensuring elevated occupancy levels and strong lease trade-outs at renewal for many future years.

 

Find the Delivery Schedule for Outpost & Palms Townhomes below in the images and within the OM.

Access the Data Room

Investment Highlights

PURCHASE OPTIONS:

  1. ALL THREE COMMUNITIES (COLLECTIVELY)
  2. HAMLET TOWNHOMES (INDIVIDUALLY)
  3. ANY COMBINATION OF THE THREE COMMUNITIES

PORTFOLIO UNIT MIX & RENTAL RATES

STATUS
FLOORPLAN
UNITS SIZE SF
NO. OF UNITS
% OCCUPIED
MARKET RENT
IN-PLACE RENT
HAMLET TOWNHOMES
STABILIZED
3BD / 2.5BA
1,444
46
95.7%
$2,150 ($1.49/PSF)
$1,988 ($1.38/PSF)
OUTPOST TOWNHOMES
FORWARD-SALE
3BD / 2.5BA
1,444
80
0.0%
$2,200 ($1.52/PSF)
$0.00
PALMS TOWNHOMES
FORWARD-SALE
3BD / 2.5BA
1,444
99
0.0%
$2,200 ($1.52/PSF)
$0.00
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Listing provided by Revere CRE