Hathaway Announces New Apartment Development in Tallahassee, FL

Atlanta, GA (October 2022) — Hathaway and its strategic equity partners Lynx Capital, LLC and Marble Capital LP recently closed a transaction to acquire 34 acres to do ground-up construction on a 300-unit class "A" garden-style apartment community in Tallahassee, FL.

The Project is located ten minutes (4 miles) southeast of Downtown Tallahassee, the state capital of Florida, and offers quick access to the entire city, including job centers, while being surrounded by a surplus of lifestyle amenities, including diverse retail, numerous golf courses, and recreational attractions. The project is set to break ground immediately and is planned to be fully constructed in the 4th quarter of 2024.

The project will be named Exchange at Blair Stone Apartments and is planned to begin leasing in the 1st quarter of 2024. The multifamily community will offer 1-, 2-, and 3-bedroom floor plans featuring granite countertops in kitchens and bathrooms, 9-foot ceilings, oversized walk-in closets, and spacious balconies/patios. Amenities include a Clubhouse, state-of-the-art fitness center, electric car charging stations, 24/7 package concierge lockers, dog wash/park, valet trash service, outdoor grilling area, and a resort-style swimming pool.

Hathaway is headquartered in Atlanta, GA, and operates in multiple primary, secondary, and tertiary markets across the country. Since its inception, Hathaway has developed, acquired, and/or built over 15,000 multi-family units in 9 states, totaling over $1 billion in asset creation for its investors and clients. By focusing on a variety of markets, Hathaway has positioned itself to appeal to a wider range of investors while working through inevitable, challenging market changes. Hathaway's primary objective is to provide the highest yield to its investors, while focusing on the desires and expectations of its residents in each community.