JV Picks Up 288-Unit Georgia Community

A joint venture between Henderson Park and Green Room Partners have acquired Pointe Grand, a 288-unit garden-style community in Savannah, Ga.

The asset’s previous owner was One Real Estate Investment, according to Yardi Matrix. While the purchase price was not disclosed, the firm purchased the community for $86.4 million from Hillpointe in February of 2022.

Pointe Grand was built in 2021 and contains only two-bedroom layouts. Greystar provides property management services for the site. According to Yardi Matrix, the community is currently 94.8 percent occupied.

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Apartments in the three-story building include stainless steel appliances, quartz countertops and white cabinetry, plus in-unit laundry. Community amenities include a swimming pool, a fitness center, a fire pit, a dog park and valet trash service. The new owners said they plan to upgrade and enhance the site’s amenities.

Pointe Grand is located at 50 Newport Blvd. in the Port Wentworth submarket of Savannah, Ga., adjacent to Interstate 95 and Highway 21. Downtown Savannah is about 20 miles away, while Savannah/Hilton Head International Airport is some 7 miles.

Henderson Park’s broad activity

London-based Henderson Park has made moves in several different asset types in recent months. In November 2025, the firm partnered with Landmark Properties to acquire a 1.2-acre site in Charleston, S.C., for the development of The Mark Charleston, a student housing community comprising 335 beds across 99 units. That project is set to come online in time for the 2027 academic year.

In June 2025, Henderson Park and its partner Lowe closed on $180 million in construction financing to convert a 536,000-square-foot Washington, D.C. office building into a 428-unit luxury community. The adaptive-reuse project will add three more levels totaling 112,000 square feet to the 1992-built, eight-story office building, while also renewing the property’s facade.