Passivo Acquires 157 Unit Gainesville GA Multifamily for $17.8M

Passivo Acquires 157 Unit Gainesville GA Multifamily for $17.8M

Everett Everett “Stony” Stonebraker, CCIM, Principal of Passivo Real Estate Investments recently represented the Buyer, Pines of Lanier GP, LLC, in the acquisition of a 157 unit multifamily property on 8.8 acres built in 1985 sold by Pines of Lanier, LLC for $17,8000,000 on June 1, 2022. This was an off-market, underperforming property in a solid submarket which was acquired after following for 18 months and resolving a financing issue. Gainesville, GA was named the #6 Best Performing Small Metro in 2020.

ABOUT PASSIVO REAL ESTATE INVESTMENTS: Passivo helps busy people invest passively in cash flowing, value-add commercial real estate in the Sunbelt.

For more Information contact:
Stony Stonebraker
About CCIM

“CCIM stands for Certified Commercial Investment Member. For more than 50 years, CCIMs have been recognized as leading experts in commercial investment real estate. The CCIM lapel pin denotes that the wearer has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry.”


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