Trion Properties Buys Off-Market Savannah Multifam Portfolio for $58M

  • July 17, 2022
  • ConnectCRE

Trion Properties has acquired a multifamily portfolio consisting of two sites, Osprey on the Bluffs and Heron on the Bluffs, totaling 297 units in the Savannah, GA submarket of Southside for $57.7 million. The 1986-constructed properties are 97% occupied. The transaction was brokered by Cushman & Wakefield, financing was arranged by Continental Partners, lending was provided by Capital one, and preferred equity was provided by Walker & Dunlop.

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