Date Acquired: November 2015
Waverly Station at the Highlands, a 17 building, 329 unit multifamily property located in Pooler, Georgia. The property was constructed in two phases during 2010 and 2012 and is among the newest and highest quality assets in the Savannah MSA. Waverly Station is located in a highly desirable Pooler, Georgia, the premier submarket of Savannah, which is in close proximity to major employment, leading distribution hubs, and quality retail centers. Savannah’s economy has had strong growth over the last decade as Gulfstream, the Port of Savannah, major distribution centers, and tourism have all driven growth. Waverly Station benefits from a high quality fiber cement (“hardy board”) and veneer exterior, combined with excellent architectural design. The interiors are highlighted by nine foot ceilings with crown molding, black appliances, and faux wood floors. A resort style swimming pool overlooks one of the property’s signature lakes, offering an attractive view to the property’s residents. The community’s spectacular clubhouse and membership quality gym further enhance the property’s appeal to higher quality residents.