PANTHER PROPERTIES MANAGEMENT LLC BUYS EFFINGHAM PARC APARTMENTS (FORMERLY SPRINGS AT EFFINGHAM) IN RINCON, GEORGIA FOR $30,800,000.
Panther Properties Management, LLC, a private equity Class "A" multifamily investor and developer, announced that they have purchased Effingham Parc Apartments (formerly known as Springs at Effingham), a 352 unit Class "A" luxury apartment community in Rincon, Georgia. The purchase marks Panther's sixth acquisition since 2010; it is their second acquisition in Georgia, the first being Mandalay Villas Apartments in McDonough, Georgia, acquired in the spring of 2011.
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