Champion Sets Record Q1, Closes On 598 Units

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During the first quarter of 2013, Champion closed on 598 apartments, setting a record for the young company. The units acquired are located within three different communities and encompassed over $38,000,000 in closed transactions.

During the first quarter of 2013, Champion closed on 598 apartments, setting a record for the young company. The units acquired are located within three different communities and encompassed over $38,000,000 in closed transactions.

“Our organization is in a heavy growth mode,” Brian Yeager, president and CEO, said. “The year 2013 is going to be a record-breaking year for our firm. Our goal is to stick to our business model and continue buying affordable apartments in desirable locations.”

Champion began the year with 10 apartment communities and 2,500 apartments in several well-respected cities in and around central Ohio. Over the past five months, the company’s portfolio has grown to 14 apartment communities and more than 3,600 apartments with the additions of Ashbrook Run (Canal Winchester, Ohio), Caleb’s Creek (Westerville, Ohio), Hilliard Village (Hilliard, Ohio), and Troy Farms (Delaware, Ohio).

“We apply value to every acquisition through our superior operating model and buying at an above-market cap rate,” Yeager said. “We work hard to ensure we are always buying for value.”

“The central Ohio apartment market continues to be on fire, and there are a lot of opportunities out there,” he added. “Our company is young, focused, and will be aggressively seeking more multi-family ventures in the second half of 2013.”

For more information on Champion, its services and its communities, visit http://championpm.biz.

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