As featured in “Savannah Business Journal”
Lou Phelps, Savannah Business Journal, 15 July, 2026
RREAF Holdings was recently featured following the acquisition of The Palms at Chatham, a 300-unit multifamily community located in Savannah, Georgia. The acquisition reinforces RREAF Holdings’ continued commitment to the Savannah market and reflects the firm’s strategy of identifying well-located value-add opportunities across high-growth Sun Belt markets.
Read more below for additional details regarding the acquisition and RREAF Holdings’ plans for the community.
RREAF Holdings, in partnership with Axonic Capital, recently acquired The Palms at Chatham, a garden-style multifamily community located in Savannah’s Garden City submarket. The property, which will be rebranded as Linden at Southover, represents another strategic addition to RREAF Holdings’ growing multifamily portfolio throughout the Southeast.
Built in 2003, the community consists of one-, two-, and three-bedroom apartment homes and benefits from strong connectivity to Interstate 516, U.S. Highway 80, and Interstate 16, providing convenient access to major employment centers throughout the Savannah metropolitan area, including Hunter Army Airfield, the Port of Savannah, and Memorial Health University Medical Center.
Following the successful disposition of three legacy Savannah-area assets in late 2025, the acquisition of The Palms at Chatham reflects RREAF Holdings’ continued conviction in the long-term fundamentals supporting the region and its desire to grow its presence with newer, highly amenitized communities.
Brad Webb, Chief Investment Officer of RREAF Holdings, emphasized the firm’s confidence in the market and the opportunity presented by the acquisition.
“Savannah remains a core market for RREAF, supported by a diverse economic base, steady in-migration, and consistent renter demand,” Webb said. “This investment reflects our continued conviction in the market and further strengthens our partnership with Axonic Capital. The opportunity to acquire a well-located asset with significant value-add upside aligns directly with our value-add strategy. We believe we can meaningfully enhance the community while delivering strong, risk-adjusted returns.”
Eric Sitman, Managing Director at Axonic Capital, also highlighted the attractiveness of the investment opportunity and the strength of the Savannah market.
“We are excited to expand our partnership with RREAF through the acquisition of The Palms at Chatham,” Sitman said. “The property’s strong location, combined with Savannah’s favorable growth dynamics, creates a compelling opportunity to execute a thoughtful value-add strategy and deliver long-term value.”
As part of the acquisition, RREAF Holdings will implement a comprehensive capital improvement program designed to modernize the property and elevate the resident experience. Planned enhancements include interior unit renovations, upgrades to common areas and amenities, clubhouse improvements, pool and landscaping enhancements, updated signage, and a complete rebranding of the community to Linden at Southover.
The property will be managed by RR Living, RREAF Holdings’ in-house property management platform, which will oversee day-to-day operations and execute the repositioning strategy with a focus on operational excellence, resident satisfaction, and long-term value creation.
RREAF Holdings continues to actively pursue multifamily investment opportunities in markets supported by strong demographic trends, population growth, and durable housing demand across the Sun Belt.
We appreciate and thank Savannah Business Journal, and Lou Phelps, for highlighting RREAF Holdings and sharing insight into the firm’s continued multifamily investment strategy and growing presence in the Savannah market. For the full article, please visit Savannah Business Journal.
