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Investment Summary

JEM Holdings acquired West Wind Landing apartments in May, 2017 as a value-add investment.
West Wind Landing is a 192-unit multifamily community located on the highly desired Wilmington Island in Savannah with waterfront views spanning over 845 feet including the swimming pool and clubhouse. There is only one other waterfront property in this submarket besides West Wind Landing, with waterfront locations having the highest barrier to entry within Savannah. Built in 1984, the property features the largest average size units in the submarket. The Outer Island submarket of Savannah in which the property is located achieves some of the highest rents and occupancy levels and is one of the wealthiest areas in the MSA. As part of its business plan, JEM will be selectively performing interior unit upgrades, improving the leasing office, and replacing exterior siding.

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