Confidential Investment Offering · Package Sale · Savannah, GA
Two-Property HUD HAP Supportive Housing Portfolio
Midtown Savannah, Georgia · Near the Starland District and Forsyth Park
22 studio units backed by long-term HUD Section 8 project-based HAP contracts. Two well-maintained brick homes, offered together for $2,400,000. Sign the Confidentiality Agreement to receive the full Offering Memorandum.
Package Sale22 HUD HAP Units12,000 +- SF CombinedNo Mortgage DebtOffers Through Nov. 15, 2026
PIER Commercial Real Estate is exclusively offering a two-property supportive-housing portfolio in Midtown Savannah. All 22 studio units are covered by HUD Section 8 project-based Housing Assistance Payments (HAP) contracts with a long remaining term, so the subsidy stays with the units, not with individual residents.
Contract rents are set by executed HUD rent schedules and moved up again in 2026. Both homes earned strong scores on their most recent HUD physical inspections and "Above Average" ratings on their 2025 Management & Occupancy Reviews.
The ownership model is simple real estate. The buyer becomes owner of record, signs leases directly with residents, and handles building maintenance, property taxes and HUD compliance paperwork. Resident services are not a buyer cost. Residents come by referral, with no advertising needed, and the portfolio carries no mortgage debt per the Seller.
For a nonprofit housing owner, a supportive-housing operator or a HUD-experienced investor, this is a rare chance to take over and preserve 22 HUD-assisted units in one of Savannah's established neighborhoods.
All 22 units are covered by Section 8 project-based HAP contracts with years of term remaining. The subsidy is tied to the units, which gives the rent stream federal backing that market-rate housing can't match.
02
HUD Contract Rents Moved Up Again in 2026
Rents adjust through HUD-approved rent schedules, and the 2026 schedules raised contract rent at both homes. Owner-paid utilities are already built into that rent.
03
Strong HUD Inspection Scores and "Above Average" Reviews
Both homes posted strong scores on their most recent HUD NSPIRE physical inspections, with reported items mitigated. Their 2025 Management & Occupancy Reviews rated both "Above Average."
04
Referral-Fed Occupancy With Lease-Up Upside
Residents are placed by referral, with no marketing or waiting list required. Recent vacancies came from the Seller winding down operations ahead of a sale, so every unit re-leased at HUD contract rent adds straight to the buyer's top line.
05
Recent HVAC and Furnace Work, Free of Mortgage Debt
Both homes have had HVAC or furnace replacements in the last few years. There is no mortgage debt per the Seller, so the buyer's capital structure starts clean.
06
Two Brick Homes a Short Walk Apart in Midtown
Both properties are two-story brick buildings on TN-2 lots in Savannah's Midtown neighborhood, a short walk from each other. One owner, one maintenance route, one compliance calendar.
Ownership Model
Own the real estate. Collect the contract rent.
Buyer becomes owner of record and HAP contract owner
Leases signed directly with residents
Building maintenance, grounds and property taxes
HUD paperwork: rent schedules, recertifications, MOR and NSPIRE
Resident services are not a buyer cost
The current referral partner is willing to keep placing residents with a new owner
Owner-paid utilities are built into the HUD contract rent
Owner-owned appliances, laundry and life-safety equipment convey
Offering Structure
Buy the package, or make an offer on either home.
The Seller prefers a package sale and will also consider offers on either property on its own.
Package Sale
$2,400,000
Both properties, all 22 units
One transaction, one closing, one HAP assignment process. Full operating scale from day one.
Individual Sale
Either property on its own
The Seller will consider selling either property individually. Individual pricing is available upon request after the Confidentiality Agreement is signed.
Market Timing
First property under contract sets the path
Once one property is under contract, the other is marketed on its own. Buyers who want the full portfolio should move before November 15, 2026.
Property Photography
A look inside the portfolio.
Exterior and street-facing photos, plus the complete photo set, come with the Offering Memorandum.
Aerial · The Neighborhood Surrounding Property AExterior · Private CourtyardExterior · Courtyard EntranceInterior · Shared KitchenAerial · The Neighborhood Surrounding Property BInterior · StaircaseInterior · Upper HallwayFloor Plan · Property A, First FloorFloor Plan · Property A, Second FloorFloor Plan · Property B, First FloorFloor Plan · Property B, Second Floor
Floor plans are not to scale. PIER redrew them from the emergency exit plans posted in each building, and they are for general orientation only.
Location & Context
Midtown Savannah, near Starland, Forsyth Park and the hospital corridor.
Both homes are in Savannah's Midtown neighborhood in Chatham County, south of the downtown National Historic Landmark District. They sit on established, tree-lined residential streets zoned TN-2 (Traditional Neighborhood).
The Starland District's dining and arts scene, Forsyth Park and Daffin Park are all close by. Savannah's two major hospital campuses are a short drive south.
Two properties, one operating footprint
The homes are a short walk apart. A single owner can handle maintenance, inspections and resident needs at both on one route.
The neighborhood surrounding Property B
Starland DistrictNearby
Forsyth ParkWithin 1 Mile
Daffin ParkWithin Minutes
Memorial Health University Medical CenterWithin Minutes
Candler HospitalWithin Minutes
Downtown Historic DistrictWithin Minutes
Exact locations and tour access go to approved parties under the Confidentiality Agreement.
Neighborhood Redevelopment
Surrounded by redevelopment and rising values.
Both properties sit in neighborhoods that have seen tremendous redevelopment of single-family homes. The homes around them are typically smaller, 2-bedroom/1-bath and 3-bedroom/2-bath, on very small lots: cottages, new construction and renovations. These homes are selling for up to $300 to $400 per square foot.
For an owner, that is a second layer of value beneath the HAP income. The contracts carry the cash flow, while the market around the properties builds the value of the land and buildings underneath it.
Rising surrounding valuesSingle-family buyers are paying up to $300 to $400 per square foot for small homes on small lots nearby.
Land and real estate appreciationTwo brick buildings on established Midtown lots, in neighborhoods where buyers keep reinvesting.
A proven locationBuilder and homebuyer demand for these blocks speaks to the strength of the location.
Market Overview
A growing metro where supportive housing is hard to replace.
Population and job growth have pushed up housing costs across the Savannah metro. Project-based HAP contracts tie the subsidy to these units, giving residents placed by referral agencies long-term, federally supported housing.
438,314
Metro residents
July 1, 2025 estimate
+8.3%
Metro growth since 2020
From 404,798 at the 2020 Census
~4,900
New residents per year
About 1.1% annually since July 2023
$5.5B
Hyundai Metaplant America
Bryan County; Phase 2 adds about 3,000 jobs
Population and growth
The Savannah metro (Chatham, Bryan and Effingham Counties) reached an estimated 438,314 residents as of July 1, 2025. Chatham County alone was estimated at 311,855.
HUD's January 2026 Housing Market Profile estimated growth averaging about 4,900 people (1.1%) per year since July 2023, driven mainly by net in-migration.
Economic drivers
The Port of Savannah anchors a large transportation, warehousing and logistics sector across the region.
Hyundai Motor Group Metaplant America began production in late 2024 with about 1,200 employees. A Phase 2 expansion is expected to add about 3,000 jobs and nearly double capacity by 2028.
Hunter Army Airfield, Fort Stewart, the Savannah College of Art and Design, regional health systems, Gulfstream Aerospace and Historic District tourism round out the employment base.
Sources: U.S. Census Bureau, Metropolitan and Micropolitan Statistical Area Population Estimates, Vintage 2025; HUD PD&R, Housing Market Profiles: Savannah, Georgia (January 2026); Savannah Area Chamber of Commerce (2025).
Call for Offers
Offers are invited through November 15, 2026.
1
Sign the Confidentiality Agreement
Request PIER's Confidentiality Agreement. Once it's signed, you receive the full Offering Memorandum: property names, addresses, financials, HAP contracts and inspection history.
2
Review the Data Room
HAP contracts and executed HUD rent schedules
2025 MOR and NSPIRE reports
Statements of activities and balance sheets
Pro forma and capital expenditure history
Unit-level rent roll
3
Tour and Submit Your Offer
Approved parties tour by appointment through November 10, 2026. Submit offers on the package or on either property to Ryan T. Schneider, CCIM, by November 15, 2026. Buyers order their own survey, title and environmental reports during due diligence.
Occupied residences. Tours are by appointment only, through PIER Commercial Real Estate, after the Confidentiality Agreement is signed. Direct all inquiries to Ryan T. Schneider, CCIM.
Exclusive Listing Broker
Sign the CA. Get the full Offering Memorandum.
PIER Commercial Real Estate is offering this portfolio exclusively. Qualified buyers who sign the Confidentiality Agreement receive the property names, addresses, financials, HAP contracts, inspection history and tour access. Tours close November 10, and offers are due November 15, 2026.
Ryan T. Schneider, CCIM
Principal / Broker in Charge · PIER Commercial Real Estate
