Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of the Serene at Creekstone apartment community in Athens, Ga.

Built in 2001, Serene at Creekstone has a total of 158 apartment units. The community is 96% occupied and offers one and two-bedroom apartment homes with rental rates starting from $984. Serene at Creekstone will undergo community upgrades including renovations to all interior units, fitness center improvements and updates to the outdoor grilling area and pavilions. 

Fogelman acquired Serene at Creekstone through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the 13th acquisition for the Fogelman-Thackeray partnership, now totaling more than 2,500 units.

“Serene at Creekstone represents a move for Fogelman into a new product type with the SFR-style housing, which continues to gain in popularity with prospective residents,” says Mike Aiken, SVP of Investments at Fogelman. “We are excited to expand our portfolio with Thackeray and enter the Athens-Clarke County market, which was recently named one of the ‘100 Fastest-Growing Counties’ by the U.S. Census Bureau.” 

For more information, visit www.sereneatcreekstone.com. 

About Fogelman 

Fogelman Properties (Fogelman) is one of the country’s largest and most experienced privately-owned multifamily investment and property management companies. As a fully integrated company, Fogelman specializes in multifamily acquisitions, property management, construction management, and asset management. Founded in 1963, Fogelman manages 21 properties in the Atlanta market, totaling 6,000 units. Nationwide, Fogelman operates 94 multifamily communities totaling more than 28,000 apartment homes across 10 states in the Southeast, Southwest and Midwest. For more information about Fogelman, please visit www.fogelman.com or follow us on Facebook, Twitter and Instagram.

CityView, an investment management and development firm focused on urban multifamily real estate in the Western and Southwestern United States, announced today that its Solimar apartment community in Wilmington, Calif., is now available for leasing.

The development sits on an eight-acre site in the heart of Los Angeles’ South Bay, adjacent to the Harbor Park Municipal Golf Course and the Ken Malloy Harbor Regional Park. It is located on Pacific Coast Highway within walking distance to a Harbor Transitway stop, giving residents easy access to the area’s jobs and entertainment.

“Our development philosophy is to provide residents with easy access to local jobs, transportation and entertainment – and Solimar delivers on all these criteria,” said Sean Burton, CEO of CityView. “We have seen strong demand for these units among South Bay renters, and we are excited to welcome our first residents.”

Solimar’s 204 market-rate apartment homes come with many modern finishes and amenities that are common in CityView’s properties. These one-, two- and three-bedroom apartments include:

“Solimar is a quality housing development in our city which is in desperate need of more housing,” said Joe Buscaino, Los Angeles City Councilmember for Council District 15. “I look forward to continuing to work with the Planning Commission, City Council, Mayor Eric Garcetti and developers like CityView to build new housing that contributes to our neighborhoods in a smart and consistent way.”

The leasing process is being managed by Greystar, the largest operator of apartments in the United States. Interested renters are encouraged to visit livesolimar.com or call 310.321.4040 for more information about available units.