ATR advised Multivision Investments LLC and Capital Properties LLC on the deal.
Multivision Investments LLC and Capital Properties LLC purchased 49 properties, incorporating 204 residential units, in Augusta in an expansion of their investment portfolio.
Multivision Investments LLC bought the portfolio from Jim Pepin of Sprague & Curtis Real Estate in Augusta for $5.75 million. Brandon Mitchell of Malone Commercial Brokers represented the buyer in the deal, which closed March 31.
The buildings range from one to 11 units. Over half of the properties are either three, four or five units. There are 204 units across the 44 buildings. The deal also included five vacant lots and an existing property management business, with a management office, supplies and equipment.
Multivision is a Maine-based group of commercial and residential real estate investors with a focus on multifamily acquisitions.
Capital Properties LLC owns and operates warehouse buildings.
Ainsworth, Thelin & Raftice team was consisted of Eleanor Dominguez (Picture), Jerome Gamache and Jake Bowie.
Law Firms: Ainsworth, Thelin & Raftice, P.A;
Clients: Multivision Investments LLC;