Fogelman Properties Acquires Serene at Creekstone Apartments

Fogelman Properties acquired Serene at Creekstone, an apartment community in Athens, GA. Fogelman Properties acquired Serene at Creekstone through a joint venture with Dallas-based Thackeray Partners. The closing marks the 13th acquisition for the partnership, which now totals more than 2,500 units.

Serene at Creekstone is 98% occupied and has a total of 158 apartment units. The property will undergo community upgrades including renovations to all units, improvements to the fitness center, and updates to select outdoor areas.

“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. “