The Palomar Group Announces Sale of Midtown Apartments
July 30, 2026 | Palomar Group
AUGUSTA, GA — The Palomar Group is pleased to announce the sale of Midtown Apartments, a 29-unit multifamily property located at 1927 Central Avenue.
The property is centrally located near the Augusta Medical District and is currently 90% occupied. Of the 29 units, 19 have been renovated over the past couple of years, reflecting an ongoing capital improvement program at the property. The transaction closed on July 17, 2026.
“This location continues to improve, and we are excited to see the new ownership invest additional capital into the property. With its strong location and long-term potential, we believe Midtown Apartments will be an excellent investment for the buyer,” said Lee Malchow, Vice President at The Palomar Group.
About The Palomar Group
Headquartered in Augusta, Georgia, The Palomar Group is a full-service commercial investment sales firm specializing in the sale of single-tenant, multi-tenant, and multifamily properties across the United States. With a proven track record of over $2.5 billion in completed transactions spanning 23 states and more than 14 million square feet, The Palomar Group is committed to delivering exceptional results through data-driven strategies, deep market knowledge, and a client-focused approach.