AUGUSTA, GA — November 18, 2025 — HLC Equity, announced today that it has officially closed on Canalside Apartments, a 106-unit Class A multifamily community located at 1104 Greene Street in Augusta’s Downtown Medical District.
Built in 2015, Canalside Apartments is positioned at the center of one of Georgia’s most dynamic healthcare employment corridors. The property sits steps from Augusta University Health, the Medical College of Georgia, the Children’s Hospital of Georgia, and the Charlie Norwood VA Medical Center—creating a stable and consistent resident base. Currently 100% occupied, approximately 71% of residents are healthcare professionals or medical students.
“This acquisition aligns with our approach to identifying durable, well-located multifamily assets in markets supported by long-term economic drivers,” said Daniel Farber, CEO of HLC Equity. “Augusta’s medical ecosystem continues to expand, and properties like Canalside benefit directly from that sustained demand.”
The acquisition includes fixed-rate agency financing with a seven-year term, supporting predictable cash flow and long-range planning. As with all HLC Equity investments, the firm is committing at least 10% of the equity, ensuring alignment with its investor partners.
Canalside offers residents a modern living experience with high-quality interiors, thoughtful layouts, and walkable access to both medical employers and Downtown Augusta amenities. As part of its owner-operator model, HLC Equity will oversee asset management and property operations to maintain the property’s Class A standards and long-term performance.
“Canalside represents a strong addition to our portfolio and supports our strategy of acquiring assets that benefit from essential employment hubs,” said Stephen Markowitz, Director of Acquisitions at HLC Equity. “We are pleased to complete this transaction and look forward to stewarding the property in the years ahead.”
The acquisition of Canalside Apartments underscores HLC Equity’s commitment to creating resilient communities and delivering strong performance to its investor partners.
About HLC Equity (www.hlcequity.com)
HLC Equity is a multi-generational real estate investment management company, with over 70 years of experience and an expansive real estate portfolio. Their entrepreneurial spirit of a startup is juxtaposed with institutional level execution. HLC Equity utilizes its real estate portfolio to carry out its mission of building thriving communities. For more information about HLC Equity, please visit www.hlcequity.com or email press@hlcequity.com
