(PRWEB) May 05, 2014
Champion Real Estate Services has successfully purchased all 304 apartments at the Troy Farms apartment community in Delaware, Ohio. Champion acquired the units in three phases over the course of a year from 20 different sellers, and now owns the community in its entirety.
"We have been the property management company for Troy Farms since May of 2013, and it has always been our intention to purchase the entire site," Brian Yeager, Champion's president and CEO, said.
"With the recent growth in population in Delaware we have seen a high demand for apartments. Troy Farms is one of only a few apartment communities that have been built in the city in the last 10 years," Yeager added. "Those factors, among others, made Troy Farms an attractive opportunity for us."
Champion obtained a Freddie Mac loan for a fixed interest rate of 4.61 percent over a 10 year term for this project.
"This community is a great, long-term asset for Champion," Yeager said. "Delaware, Ohio is a thriving city and Troy Farms will serve our company well for years to come."
About Champion Real Estate Services
Founded in 2010, Champion is a privately-held, fully-integrated, multi-family real estate firm. Champion is family-owned and operated and specializes in investment sales, property management and brokerage services in Central Ohio. Champion currently manages more than 4,000 apartments, with 15 communities in the well-respected neighborhoods of Lewis Center, Delaware, Powell, Hilliard, Grove City, Dublin, Canal Winchester, Gahanna, Westerville and New Albany. Champion has been recognized two years in a row as one of Central Ohio’s fastest growing companies on Columbus Business First’s Fast 50 list, ranking third in 2012 and fifth in 2013. Champion was also name a 2014 Top Workplace by Columbus CEO and 10TV.