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Investment Summary

JEM Holdings acquired Woodhill apartments in July, 2017 as a value-add investment. Constructed in 1986, Woodhill is a 182-unit garden style apartment community located in the desirable West Augusta submarket, a mile from Augusta’s preeminent northwest retail district (87 acres of upscale retail, restaurant, and entertainment options) and $1m+ homes. The property is located near the intersection of I-20 and I-520, which provides easy access to employment as well. Employers in close proximity to Woodhill include ADP, Doctor’s Hospital (one of two largest hospitals in Augusta), T Mobile, and the Augusta Corporate Center at Perimeter Parkway (140k square feet of Class A office space). JEM’s business plan is to replace building exteriors, upgrade amenities and some roofs, add new signage, and update the leasing office.

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