AndMark Management Company and Trinity Multifamily have acquired Warner Robins, Georgia-based Summerfield at Northlake, a 115-unit property. No financial terms were disclosed. Trinity Multifamily will manage the property.
FORT SMITH, Ark.–(BUSINESS WIRE)–AndMark Investment Fund IV purchased Summerfield at Northlake, a 115-unit Class B asset in Warner Robins, GA. This property will be managed by Trinity Multifamily, who manages most of AndMark’s thirty plus properties throughout the Midwest.
Dave Pinson, President and CEO of Trinity Multifamily said “At Trinity we are always interested in entering into new markets and building economies of scale within them. Summerfield at Northlake represents another deal under management in the State of Georgia and we will continue to search for other opportunities there.”
Mark Mosch, President of AndMark Management Company said “Having recently closed on our fourth fund – AndMark Investment Fund IV – we are looking to deploy our $72,000,000 in committed capital into areas that meet our investment criteria. This investment builds on our existing investment in Warner-Robins and helps us scale our operations in Georgia. We look forward to acquiring several additional properties in the Southeast as this region has some very attractive economic and demographic fundamentals.”
About Trinity: Founded in 2004, Trinity Multifamily offers a group of real estate companies engaged in the development, management and acquisition of residential and commercial real estate. Their property management team combines the experience of ownership, development and management of multifamily apartment communities with their expertise in marketing, leasing, sales and renovation to maximize long term profitability for close to 16,000 units in 9 states. Further information about Trinity can be found at www.trinitymultifamily.com.
About AndMark: AndMark Management Company manages several private equity funds that invest exclusively in Class B and C workforce housing in secondary and tertiary markets in the United States. They currently own over 5,000 units across 11 states, and seek to acquire another 5,000 units over the next 24 months as they deploy the capital from AndMark Fund IV. Further information about AndMark is available at www.andmarkfunds.com.