Location: 915 General Stewart Way, Hinesville, GA 31313
Year Built: 2020
Acquisition Date: 11/30/2021
Liberty Club is the first new apartment community delivered in over 10 years in Hinesville, GA. The Property offers high-end construction quality and top-of-the line amenities and features, commanding top of market rents in a highly supply constrained market.
The city of Hinesville is home to Fort Stewart, the largest Army installment east of the Mississippi River, that has an economic impact of $4.9 billion in Coastal Georgia. The base employs over 25,500 people, making it one of the largest employers in the state.
OREI will immediately implement a light value-add enhancement program to all 240 units at Liberty Club and raise average current rents of $1.10 per square foot to $1.36 per square foot, which results in a $302 premium over in-place rents and stabilize occupancy at 95%.