JJM Realty Partners, LLC, a U.S.-based commercial real estate investment, development and management firm, has completed the purchase of Heritage Apartments located at 3205 Heritage Circle, Augusta, GA. The purchase price for this 1970’s community was $6 million and includes 188 units, which are more than 90% occupied. This new deal comes on the heels of the company’s acquisition of a similar Augusta-based property just last year called Sage Creek Apartments.


JJMRP, in joint venture with high net worth investors, purchased the Heritage Apartments with plans to rebrand the community, improve curb appeal, and upgrade the units with new features such as washer/dryer hookups and dishwashers. The plan also calls for upgrading community amenities including the construction of an outdoor sports court. In addition, JJMRP will collaborate with property management group Arcan Capital to train onsite personnel in best practices in order to improve the resident experience and property investment performance.

“We’re happy to be growing our Georgia portfolio.” said Jim Maurer, President of JJM Realty Partners, LLC. “Heritage Apartments is well-positioned to take advantage of this flourishing region.”


Maurer pointed out that the Augusta/Aiken region has recently moved up 64 spots to rank 102 on the California-based Milken Institute’s 2017 Best-Preforming Cities list. This was based largely on growth in its emerging cybersecurity industry and the resiliency of its outsized health care sector.


“We’re especially impressed by the region’s above-average performance during periods of economic weakness,” Maurer added. “This is a testament to the reliability of its government, health care and military sectors.”