Dallas Investor Acquires The Palms at Chatham in Savannah, Georgia

by Lynn Peisner

SAVANNAH, GA. — RREAF Holdings, a Dallas-based investment and development firm, has acquired The Palms at Chatham located at 5110 Garrard Ave. in Savannah’s Garden City/Midtown submarket. The seller was Miami-based One Real Estate Investment. Newmark arranged the sale. Built in 2003, The Palms at Chatham is comprised of 300 units in one-, two- and three-bedroom floor plans averaging approximately 1,005 square feet. Amenities include a resort-style pool, clubhouse, 24-hour fitness center, dedicated yoga room, fenced dog park and outdoor barbecue and picnic areas. The property will be managed by RR Living, RREAF Holdings’ in-house property management division.

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