Augusta’s The Groves Apartments Sold


QR Capital, LLC has acquired The Groves Apartments, a 132-unit apartment community situated on 11.5 acres in North Augusta. Built in 1977, The Groves Apartments consists of 19 two-story residential buildings. QR Capital plans to complete approximately $600,000 in renovations in 2012. Meridian Management Group is the on-site property manager. Robert Stickel of Southeast Apartment Partners brokered the transaction and BB&T provided financing on the deal.

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