Newmark Arranges $25.1M Sale and $18.5M Financing of 208-Unit Multifamily Community in Savannah, GA

November 4, 2025 9:00 AM

Newmark announces the Company has arranged the $25.1 million sale and $18.5 million financing of Live Oak Plantation, a 208-unit multifamily property at 8505 Waters Avenue in Savannah, Georgia.

Newmark Senior Managing Directors Brooks Colquitt and Christopher Lyon represented the undisclosed seller. Executive Managing Director Carter King secured the financing from Fannie Mae on behalf of the buyer, The Hallmark Companies, Inc.

“Savannah continues to see strong investor interest as market fundamentals remain resilient and population growth fuels housing demand,” said Colquitt. “Live Oak Plantation is well positioned to capture that momentum through strategic capital improvements and thoughtful long-term ownership.”

Constructed in 1971, Live Oak Plantation is a vintage garden-style community located approximately 10 miles south of downtown Savannah. The property features a range of resident amenities, including a playground, laundry facilities, on-site maintenance and on-site management. New ownership plans to implement a comprehensive capital improvement program focused on exterior upgrades and amenity enhancements.

Situated in Savannah’s Southside submarket, Live Oak Plantation offers convenient access to major employment corridors, retail destinations and local schools. The community is near key economic drivers such as Hunter Army Airfield, St. Joseph’s Hospital and the Truman Parkway, providing residents with efficient connectivity to the broader Savannah metro area.

According to Newmark Research, multifamily fundamentals remain robust across the Southeast, supported by sustained population and employment growth in secondary markets including Atlanta. While new deliveries have increased supply pressures in select Sun Belt metros, investor appetite for value-add and workforce housing assets continues to drive transaction volume and pricing resilience across the region.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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