Peach Hill Capital acquires Georgetown Crossing community for $25.6 million

SAVANNAH, Ga. (WSAV) – Peach Hill Capital, in a joint venture with RK2 Property Group, has acquired Georgetown Crossing for $25.6 million.

Georgetown Crossing, which will be rebranded as Georgetown Oaks, is a 168-unit Class B garden-style multifamily community built in 1994 and located in Georgetown, 13 miles south of downtown Savannah.

It is one of two major investments by Peach Hill in Savannah. In 2023, the firm, led by Daniel Joels and Josh Meyer, purchased two housing developments in the Southside submarket.

“By taking advantage of operational efficiencies and economies of scale, we plan to make thoughtful improvements that will enhance the tenant living experience while still maintaining affordable rents,” said Joels.

Peach Hill is just one entry in Savannah’s story of current growth. Meyer went on to attribute the city’s growth to the recent $7.6 billion Hyundai electric vehicle plant.

“The new plant is poised to have a transformative impact on the area and lead to increased investment in the local community, its institutions, and its infrastructure,” Meyer said.

One- and two-bedroom units are housed in seven, three-story residential buildings, connected by a series of walking paths with picnic areas, barbecues and a dog park. A clubhouse and pool are centered between the buildings.

The project will see vital enhancements to structures and units, the majority of which require renovation.