AUGUSTA, Ga. (WRDW/WAGT) – The company that manages Augusta University’s dorms is filing for Chapter 11 bankruptcy.

“Corvias Campus Living – USG” runs student housing at AU and several other state schools in Georgia.

It says it has worked for years to make its partnership viable with the University System of Georgia.

But now the company says it needs to file for Chapter 11 bankruptcy to restructure the deal.

The company made headlines in 2023 when a pipe break delayed students from moving into Oak Hall and a year earlier when mold was found in Oak Hall and neighboring Elm Hall.

Despite those snags, it says students rely on the company “to deliver an exceptional student housing experience.”

It said in a statement that it “remains committed to delivering an award-winning housing experience for students throughout the process.”

Corvias also handles some military housing, although not at Fort Gordon. In Georgia, it has contracts at nine of the state’s higher education institutions.

The company claims the student housing program is not sustainable because things have changed a lot since it won the contracts.

It blames a number of factors, including COVID, higher costs, and lower revenue and student occupancy than expected.

It claims it has “gone above and beyond its contractual requirements – even forgoing its management fee for all but two months over the past five years.”

While the process moves forward, the company says it plans to “provide the same high-quality operations and maintenance services” and meet its obligations to employees, vendors and others by utilizing cash on hand, subject to approval as part of the process.

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AUGUSTA, GA. — Blackfin Real Estate Investors LLC, a multifamily investment firm based in Arlington, Va., has purchased Sage Creek Apartments, a 120-unit garden-style community located at 1315 Marks Church Road in Augusta. The seller, an investment group led by JJM Realty Partners LLC, sold the property for $17.3 million.

Mike Riley and Ian Shaw of Berkadia represented the seller in the transaction. Patrick McGlohn, Brian Gould, Ted Hermes, Miles Drinkwalter and Natalie Hershey of Berkadia arranged an undisclosed amount of acquisition financing for Blackfin.

Built in 2016, Sage Creek represents Blackfin’s first acquisition in Georgia. The property offers one- and two-bedroom apartments ranging in size from 812 to 1,076 square feet, according to Apartments.com. Amenities include a pool, fitness center, laundry facilities, onsite maintenance, bike storage, pet play area and a dog park.

Hurricane season is underway, and FEMA encourages Georgians to visit Ready.gov and learn about disasters, tips for low and no cost preparedness, build kits and creating a family emergency communications plan.

In partnership with FEMA, U.S. Department of Agriculture (USDA) and Georgia Emergency Management and Homeland Security Agency (GEMA/HS), Augusta Technical College is hosting a two-part grant writing series designed for local governments, nonprofits and faith-based organizations in Georgia communities affected by Hurricane Helene. These workshops will assess your readiness to apply for grants; equip you with the skills, tools and guidance to access state, federal and private funding; and end with a completed grant proposal in hand.

• The first session is June 26, 2025 from 11 a.m.- 12- p.m. via Zoom. Visit augustatech.edu to register.
• The second session is July 10, 2025 from 9 a.m.- 4 p.m. at Augusta Technical College, 3200 Augusta Tech Drive Augusta, GA 30906. Registration for this event will open June 30.

Stay in Touch with FEMA

FEMA may need to call you for more information or to continue processing your application for assistance after Tropical Storm Debby, Aug. 4- 20, 2024, or Hurricane Helene, Sept. 24- Oct. 30, 2024. If there are changes to your phone number, current address, banking or insurance information, please let FEMA know as soon as possible.

Disaster Assistance and Recovery

• As of June 20, FEMA has approved more than 402,713 applications for assistance and has approved more than $377.3 million in assistance to survivors for Hurricane Helene and Tropical Storm Debby.
  
  • This includes more than $12 million in rental assistance to more than 4,960 Georgia families. Additionally, FEMA has secured long term and temporary housing for nearly 365 families. We continue to reach out to survivors who may not have applied for assistance to let them know the housing options we can provide them.

• FEMA has approved more than $629 million in Public Assistance to help communities remove debris and pay for management costs incurred by the state due to Hurricane Helene and Tropical Storm Debby. To date, more than 40.1 million cubic yards of debris have been removed.
• FEMA is calling eligible survivors in Georgia regarding long-term housing solutions.
  • These calls may come from unfamiliar area codes or phone numbers. It is important to answer the call because FEMA may be calling to help you with your immediate housing needs, provide you with additional assistance and give you general information about housing opportunities.

• Georgia farmers and ranch hands who applied for FEMA assistance are reminded they may be eligible for assistance replacing uninsured or underinsured disaster-damaged essential tools, supplies, equipment and items required for employment or for self-employment.
  • Because these items are expensive, it is important to remember that assistance for these losses is limited to the maximum amount of Other Needs Assistance an applicant may receive. Additional assistance to help meet these needs may also be available from the U.S. Small Business Administration and the U.S. Department of Agriculture.

• The Disaster Legal Services (DLS) program provides free legal help to low-income survivors who were directly affected by Helene and cannot hire an attorney.
  • Services typically provided include help with home repair contracts and contractors, insurance claims for doctor and hospital bills, loss of property, and loss of life, advice on problems with landlords, and FEMA appeals. For more information, visit Disaster Legal Services (disasterassistance.gov).

Additional Federal Partner Assistance

• The deadline for U.S. Small Business Administration disaster loans for economic injury loans is June 30. Apply online at SBA.gov/disaster, by calling the SBA’s Customer Service Center at 800-659-2955 or by visiting a Business Recovery Center. You can also locate open centers on Locator Map – SBA BRC.

Recovery Tips

• Permits Are Needed Before Rebuilding: Residents are reminded that if their home, business, or other structure was damaged by Tropical Storm Debby or Hurricane Helene, every part of a building requires a permit before rebuilding. A permit may also be needed for demolition.
• FEMA cautions survivors to be aware of post-disaster fraud and scams. Fake or unlicensed contractors may try to take advantage of survivors.
  • Make sure the people you hire are authorized to do the work, will complete it and do a good job. Check for proper credentials. Contact the Georgia Licensing Board for General Contractors. FEMA does not certify contractors.
  • Con artists may try to steal money or personal information through fraud or identity theft. All FEMA staff and housing inspectors carry official identification. Ask to see it. A FEMA inspector will never ask for your registration number. They already have it in their records. FEMA inspectors never require banking or other personal information such as a Social Security number.