Date Acquired: Jan. 2006/Feb. 2007
Asset Type: Class A Community
Number of Units: 777 units combined
Location: Southaven, Mississippi – Suburb of Memphis
Somerset Partners purchased the Civic Center Phase I and II multi-family Class A properties in Southaven, MS over a two year period beginning in 2006. The 777 unit gated rental community features spacious one-, two- and three-bedroom apartment homes, an outdoor pool, fitness center, tennis courts, putting green and business center. Somerset has combined the operations of Civic Center I & II to increase efficiencies and achieve cost savings. Civic Center is being managed by Somerset’s management company, Somerset Apartment Management (SAM).