Hilliard, OH- Sandhurst Apartment Management (“SAM”) has announced the purchase of Bridgestone Apartments, a 416-unit multi-family apartment complex built in 1998 located in Hilliard, OH. The acquisition closed in August 2016.

Bridgestone Apartments is positioned in the popular western submarket of Hilliard, just minutes away from all parts of the Columbus metro region. The property is spread across 26 two-story residential buildings which includes a free-standing clubhouse building. SAM plans to implement a strong value-add program to include upgrades to unit-interiors, as the previous owner had not upgraded any interiors since the initial construction of the property. In addition to interior renovations, exterior and community amenities will be reconfigured as a part of our value-add strategy.

SAM is pleased to purchase its second asset in the Columbus MSA, which has continued to be a target market over the last three years. With easy access to major highways, continued commercial and industrial growth and the revitalization of Old Hilliard, Bridgestone is situated in an excellent location. As Hilliard has become a highly attractive submarket just 20-minutes west of Columbus, the acquisition proves to be consistent with our strategy of buying assets located in growing submarkets with strong demographics, projected rent growth and minimal new supply forecasted within the market.

ABOUT SANDHURST APARTMENT MANAGEMENT (“SAM”)

Sandhurst Apartment Management is a forward-thinking, time tested group that provides a wholly integrated package of property management services, including on-site asset management, construction supervision and due diligence. Our success is rooted in our thoroughly vetted, value-add property investments that provide high-quality rental apartments in good school zones with attentive,hands-on-property management. Sandhurst owns and manages assets in 9 states totaling almost 9,100 units.

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