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ECI Group Snags Savannah Apartment Community for $48M
ECI Group acquired The Ellis, a 235-unit apartment community in Savannah for $48.2 million. Robert Stickel, Taylor Bird and Alex Brown of Cushman & Wakefield represented the sellers, Brand Properties and Mariner Group, in the transaction.
Built in 2019, The Ellis represents one of Savannah’s only amenity-rich, Class A multifamily assets and is nearby downtown.
“The Ellis is a timeless Class A apartment community located near downtown Savannah,” said CushWake’s Bird. “The property’s strategic location provides direct connectivity to a plethora of retail, dining, entertainment, and jobs, as well as convenient access to the barrier islands. The Ellis will continue to benefit from Savannah’s growing population, as well as the city’s prolific economic drivers and job growth.”
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
