Olympus Property expands their Savannah portfolio with the acquisition of Century at Fenwick Village in Savannah, Georgia. Effective immediately, the property will be renamed "Olympus Fenwick".
Olympus Fenwick is a Class "A" apartment community completed in 2008 consisting of 448 units. The asset is situated on over 37 acres in a strategic location of the Savannah-South submarket. Property amenities include two swimming pools, a clubhouse with business center, two fitness centers, resident game room and club room, two playground areas, dog park, and cabana with barbecue grills, and two car care centers with vacuums.
"With a planned multi-million dollar renovation, the Olympus Fenwick will be one of the finest properties in the Savannah market," said Chase Bennett, Acquisitions Manager for Olympus Property.
The spacious floor plans include 118 one-bedroom, one-bath units, 282 two-bedroom, two-bath units, and 48 three-bedroom, two-bath units. The apartments feature high end finishes including open floor plans with 9 foot ceilings, faux-granite countertops, crown molding, walk-in closets, double-basin stainless steel sinks, garden bathtubs, breakfast bars, screened porches, and bay windows.
The proximity to a diverse range of employment opportunities is appealing to residents. The list includes Gulfstream, Mitsubishi, the Port of Savannah, multiple healthcare employers, and over 26,000 active military.
"Olympus Fenwick offers residents an attractive property and a central location only 15 minutes from downtown Savannah, a city that we have a strong affinity for," said Chandler Wonderly, Principal of Olympus Property.
Olympus Fenwick is the fifth property to be added to Olympus Property's sixth fund. The investment structure will provide investors an opportunity to diversify among numerous multi-family assets providing immediate cash flow in strong markets throughout the United States.
"Fund VI offers the opportunity to diversify across four states in five strong cash flowing assets," said Braden Barr, Senior Investment Officer at Olympus Property.