Hamilton Point Buys Georgia Multifamily Property
Hamilton Point Investments LLC, a sponsor of real estate private equity investment funds, purchased Brighton Park Apartments in the Macon suburb of Byron, Georgia for $18.5 million.
Built in 2001, the 200-unit Brighton Park complex sits on 24 acres and offers one- to three-bedroom units averaging 1,109 square feet. Property amenities include a swimming pool, tennis court, clubhouse with movie theatre, sauna, business center, garages and a state-of-the art fitness center.
“We buy post-2000 construction apartment deals in growing secondary markets for well below replacement cost,” said HPI co-founder and managing principal Matt Sharp. “We are hugely attracted to the growth going on in Georgia, and indeed most of the Southeast, and the almost complete lack of new supply in secondary markets. It’s just a good part of the country to live, work, and for us, invest.”
Brighton Park is Hamilton Point’s eighth acquisition in Georgia.
Hamilton Point Investments is a real estate investment company that owns and manages multifamily apartment properties. The firm was formed in 2009 and invests through a series of real estate private equity investment funds. The company has acquired more than 9,000 apartment units since formation and manages its assets through wholly-owned Hamilton Point Property Management LLC. Hamilton Point is based in Old Lyme, Connecticut with its asset management office located in Atlanta.
