Atlas Real Estate Partners has acquired Latitude at Godley Station Apartments, a 256-unit Class A- multifamily community built in 2015. The property is located in Pooler, a submarket of Savannah, GA experiencing significant job and population growth.
“We’re excited about unlocking what we think is incredible potential in the property,” said Arvind Chary, Co-Managing Partner at Atlas. “This project perfectly fits our investment strategy of acquiring high-quality apartment communities at a discount to replacement cost that can be repositioned to create additional value.” Atlas intends to add value to the property through renovating units, upgrading the existing amenities and adding new best-in-class amenities.
Latitude at Godley Station is well-located within Pooler, a desirable Savannah submarket just ~5 minutes from the airport and ~15 minutes from Savannah’s historic downtown. It is surrounded by attractive single-family homes, lifestyle retail, and good schools while having superb access to all major job centers including Gulfstream, JCB, Savannah port, downtown, and the Hyundai mega-site.
“Given the rapid growth and upscaling of Pooler, we believe there is an unmet demand for modern apartments targeting the growing young professional segment in the market,” added Joe Stampone, Managing Director of Investments for Atlas. “We intend to create a community tailored toward this demographic which will include a dog park and dog wash, pickleball court, onsite coworking, poolside grill and firepit and a café/coffee bar.”
