Tallahassee, FL – Edgecap Partners LLC, an affiliate of Edgewater Group LLC (“Edgewater”), is pleased to announce the acquisition of four 4-BR town homes and a two-story apartment complex consisting of four, 2-BR units, by Belmyers LLC, a subsidiary of Edgewater Valley Forge Fund LP. Significant renovations are planned to reposition the properties.
The property was purchased for approximately $660,000 and financed by Centennial Bank.
Founded in 2008, Edgewater is a boutique multidisciplinary real estate Firm that provides distressed advisory, management and value-add investment services. Edgewater’s unique focus is on the micro and middle market segments in secondary and tertiary locations in the United States.