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InterCapital Partners Pays $27.3 Million for Villas at West Ridge

Adams LaSalle Realty Sells 230-Unit Lithia Springs Community
May 17, 2018
InterCapital Partners, a multifamily investment firm out of Houston, has acquired the Villa at West Ridge Apts. in Lithia Springs, GA. Adams LaSalle Realty sold the property for $27.325 million, or about $119,000 per unit.

The multifamily community delivered in 2002 at 7850 Lee Rd. in the Outlying Douglas County Multifamily submarket. It offers one- to three-bedroom apartments in nine garden-style buildings, and includes a business center, fitness center, pool and clubhouse.

Nate Swenson and Mike Kemether of Cushman & Wakefield of Georgia represented Adams LaSalle Realty in the sale.

Please see CoStar COMPS #4241150 for more information on this transaction.
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