Lawrenceville-based investor S & S Capital Partners acquired Douglasville Proper, a 100-unit affordable-housing community, from Signature Management for $6,450,000.
The community is at 8424 Chicago Ave. in Douglasville. Courtesy of Google Maps.
Located on 10.7 acres at 8424 Chicago Ave. in Douglasville, the property is a 1995-built garden-style LIHTC multifamily asset. S & S Capital plans to continue to operate the community as affordable housing.
The apartments come in one-, two- and three-bedroom floorplans. Rents range from $570 to $978, according to the community’s website.
GREA’s Cory Caroline Sams and Taylor Brown represented Norcross-based Signature Management in the transaction.
“GREA was proud to represent the sellers of Douglasville Proper, bringing an offer from an attractive buyer who understands the importance of preserving and maintaining this quality affordable housing community for the working families of Douglasville,” Sams said.
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