The Camelia Apartments
Location: Brunswick, Georgia
Units: 111
Amenities & Features:
- A vibrant community with swimming pool, basketball court and fresh landscaping
- Units are pet friendly and select units offer full-size washer/dryer connections
- On-site service includes laundry facilities
The Camelia Apartments are located in Brunswick, GA, a year-round resort community with tourism being the single largest industry in Brunswick/Glynn County. This unique, historic and visually stunning place is where southern charm meets college town contemporary. Anchored by Southeast Georgia Health System, Port of Brunswick, multiple automotive distributors and the Federal Law Enforcement Training Center. The region offers residents a suburban feel coupled with a stable and diverse economic base. This resort community is located off I-95 between Jacksonville, FL and Savannah, GA, which depends on tourism and the Port of Brunswick (i.e. which is the port of Logistics Alley between Jacksonville, Brunswick and Savannah). In Brunswick, where this property is located, annual rent gains continue to be strong at 26.62% (per Rent Jungle as of Sep 2018).
This project was purchased in February 2020 and is returning 11.7% cash on cash return and an internal rate of return of 19.3% to investors.