WINTER PARK, Fla., March 08, 2022 (GLOBE NEWSWIRE) — Hillpointe, LLC, a fully integrated real estate development and investment firm focused on the development of workforce housing in the Southeastern United States, today announced the sale of Pointe Grand Savannah, a 288-unit project located in the Port Wentworth submarket of the Savannah MSA, for $86.4 million or $300,000 per unit. The sale established a record per unit price for garden style multifamily in the Savannah MSA.
Hillpointe, LLC is a fully integrated real estate development and investment management firm that boasts full in-house general contracting, materials procurement, property management and capital markets capabilities. With corporate offices located in Winter Park, FL and Athens, GA, Hillpointe is led by Kelly Mahoney and Steven Campisi. Hillpointe has extensive experience in the development of high-quality workforce housing. Hillpointe’s senior management team has developed and built more than 5,000 units of residential and multifamily housing assets, representing over $1,000,000,000 in asset value.