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Georgetown Crossing Apartments

Name: Georgetown Crossing Apartments
Location: Savannah, Georgia
Number of Units/SF: 168
Closing Date:

The Georgetown Crossing apartments are a 168-total unit, garden-style apartment
community located in Savannah, Georgia. Built in 1994 and partially renovated in 2021, the
properties encompass 7 buildings on 12.43 acres of land.

Unit mix for the combined properties include: 84 one-bedroom apartments, averaging 882
square feet and 84 two-bedroom apartments, averaging 1,132 square feet. Average unit square feet for the property is 1,007 square feet. The grounds of the combined properties are decorated with neatly kept lawns and mature trees and nature driven community amenity spaces.

This property sits less than a mile from our very successful sister property, The Residences at St.
George and will complement the Napali offerings in this vibrant corridor.

Georgetown Crossing offers a well-maintained asset with a recent targeted capex program
completed that included both asset preservation as well as amenity upgrades. This property
has not utilized LRO (Lease Rent Optimization) which makes it ideally situated for completion
of minor in unit improvements and LRO generating $100-$125 premiums on average.

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