Exclusive: Nimes Buys Suburban Columbus Asset
Newmark issued a roughly $23 million Fannie Mae note for the acquisition.
Nimes Real Estate has acquired The Hilliard Pointe, a 218-unit multifamily community in Hilliard, Ohio, according to Yardi Matrix information. Pacific Equities Group sold the property after seven years of ownership.
Newmark has originated a $22.9 million Fannie Mae loan with a five-year term.
The transaction marks Nimes’ fourth investment in metro Columbus, Ohio, while expanding the firm’s multifamily footprint in the area to 733 units, according to Yardi Matrix.
The Hilliard Pointe is a 27-building community at 4890 Edwards Farms Road. Spanning 16 acres, the property is in Hilliard, one of the western suburbs of Columbus. It sits close to Interstate 270 and U.S. Route 33, providing connectivity to Dublin, Ohio, and across the metro. Downtown Columbus is 14 miles away, while the city’s international airport is 19 miles from the community.
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The property is also within driving distance from multiple employment centers, such as The Ohio State University, as well as corporate hubs in Dublin and the northwest suburbs of Columbus.
Completed in 2018, The Hilliard Pointe consists of two- and three-story buildings. The unit mix comprises studios, one- to three-bedroom floorplans with an average unit size of 1,045 square feet. Apartments feature hardwood flooring, vaulted ceilings, washers and dryers, walk-in closets and granite countertops. Select units also include private patios or balconies and attached garages.
Common-area amenities include a swimming pool with a poolside lounge and waterscape, a fitness center, a movie theater, a business center and a clubhouse. Outdoor amenities comprise grilling stations, fire pits, a dog park and 327 parking spots.
A closer look at Columbus multifamily sector
Columbus multifamily fundamentals remained mixed through June as the market continued to absorb a wave of new supply, a recent Yardi Matrix national report shows. While advertised asking rents outperformed the national average with 0.4 percent year-over-year growth, occupancy declined 90 basis points from a year earlier—tying Houston for the third-largest drop among Yardi Matrix’s top 30 markets.
Investment activity recorded a slower pace as sales totaled just $29 million during the first two months of 2026, according to a Yardi Matrix metro report. The figure followed the $774 million registered in 2025 and the $989 million from 2024. Hilliard ranked among the most active submarkets for multifamily transaction activity from March 2025 to February 2026, as the submarket recorded $54 million in total investment volume. The University market topped the charts with $112 million in sales.
One notable 2026 transaction in the University submarket is another deal involving Nimes. The company bought Steel House, a 113-unit building. Coastal Ridge Real Estate sold it in February, Yardi Matrix information shows.
