Dietz Property Group Sells Columbus Portfolio
- Jun 01, 2020
A portfolio comprised of a pair of Columbus, Ohio apartment communities totaling 580 units has changed owners. Seller Dietz Property Group was represented by Berkadia’s Detroit-based Great Lakes team. The portfolio’s properties are The Villages at Waggoner Park, featuring 400 units, and The Residences at Eastpointe Ridge, with 180 units.
Buyers from across the country were attracted to the portfolio. More than 40 tours of the properties were conducted. Those tours resulted in 26 reputable offers being submitted.
The Villages at Waggoner Park
Situated at 8181 Herald Cove in Blacklick, Ohio, The Villages at Waggoner Park features one-, two- and three-bedroom apartments ranging in size from 755 to 1,520 square feet. Features and finishes of the residences include custom cabinetry, deluxe master bathrooms, frost-free refrigerators, picture windows and private entrances. Among the most prominent common-area amenities is a 24-hour fitness center.
The property is close to the shops and restaurants of the East Broad neighborhood. Three different colleges and universities are located within a 24-minute drive. Also nearby is an array of parks and recreational amenities including Blacklick Woods Metro Park, Franklin Park Conservatory and Botanical Garden, and Pinkerington Ponds Metro Park.
The Residences at Eastpointe Ridge
Situated at 55 Eastpointe Ridge Drive in Columbus, The Residences at Eastpointe Ridge features studio apartments as well as one-, two- and three-bedroom layouts from 556 to 1,200 square feet in size. Among apartment features and finishes are large closets, mini blinds and washer-dryer hookups. A 24-hour fitness center tops the list of amenities. The apartment community’s location gives residents convenient access to Civic Park and Interstate 270, is within nine minutes of three shopping centers, is near universities, parks and recreational settings.
The transaction was shepherded by Berkadia’s Great Lakes Team members Kevin Dillon, senior managing director; Jason Krug and Rick Vidrio, managing directors; Rick Brace, senior director; and Carly Dietz, Charley Henneghan and Corey Krug, directors.