Arlington, Virginia-based Blackfin Real Estate Investors, LLC has closed on the purchase of Sage Creek Apartments located at 1315 Marks Church Road in West Augusta for $17.3 million. It’s the firm’s first acquisition in Georgia.
Built in 2016, Sage Creek offers a fully gated three-story garden-style design with 9’ ceiling heights, modern level finishes, washer/dryer connections, and an above-market amenity package.
Blackfin Managing Director of Investments, Matthew Petrillo, stated, “Not only is this a great
physical asset on a compelling basis, but Augusta’s diverse economic drivers provide stable job growth and exposure to a variety of industries that the property will benefit from in the short to medium term.”
The regional employment includes digital and cyber security, with Fort Eisenhower playing a central role as home to the U.S Army Cyber Command and the Georgia Cyber Command Center. These institutions drive demand for experienced professionals, supporting the region’s development as a national cybersecurity hub.
Additionally, local employment is fueled by the Augusta Medical District, anchored by Doctors Hospital of Augusta, advanced manufacturing (Textron and John Deere), and long-standing corporate presences like T-Mobile and Bridgestone.
The Property is in the heart of Augusta, less than a mile from I-20 and I-520 and within a 2-mile radius of 4.8M SF of retail, 2.4M SF of office space, and 1.4M SF of industrial space.
Senior Director Mike Riley and Director Ian Shaw, of Berkadia’s southeast multifamily advisory team, led the transaction process on behalf of an investor group led by JJM Realty Partners, LLC.
Since its founding in August of 2016, Blackfin has acquired over 15,000 apartments in markets from Boston to Florida. For more information, contact 703-778-7641 or visit www.blackfinrei.com.
Since its founding in August of 2016, Blackfin has acquired over 15,000 apartments in markets from Boston to Florida.
