Centurion Asset Management Inc. Announces Sale of The Columns at Timothy Woods in Athens, GA
Centurion Asset Management Inc. is pleased to announce the sale of The Columns at Timothy Woods apartments at 2035 Timothy Road in Athens, GA.
Centurion acquired the property in partnership with a US developer in 2019 and worked with the partner to successfully upgrade the unit interiors and modernize the community amenities, enhancing the overall quality of the building for its residents.
The Columns at Timothy Woods is conveniently located near a bustling retail district, offering residents access to an abundance of shopping and dining options. The community is also situated in a top-rated school district and is within easy reach of the University of Georgia, the I-85 Industrial Corridor, and other major job centers. Originally built in 1996, the property consists of 204 suites in a variety of floor plans, including one-bedroom, two-bedroom, and three-bedroom options. These suites have been upgraded with superior, condo-quality finishes, such as granite countertops, luxury vinyl plank flooring, and stainless-steel appliances. Residents have access to a range of amenities, including a recently added dog park, upgraded fitness center and new tennis and pickleball courts.
“Through strategic capital investment in support of our partner, we’ve successfully reset the economic life of the property and created significant value for our residents and our community” commented Greg Romundt, Centurion President and CEO. “We’re very pleased with the strong returns garnered on this investment and would like to extend our thanks to our partner for their contribution.”
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