Augusta Office

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit, Ascend Midtown apartment community located in Savannah, Richmond County, Georgia. Built in 1968, Ascend Midtown represents an outstanding opportunity for new ownership to invest in a highly capitalized property that is currently achieving $245 in-place rent premiums. Residents of the property benefit from direct access to the Victory Drive retail corridor (Whole Foods, Chick-fil-A, Starbucks, and Target). This opportunity is accompanied by the Hyundai EV plant delivery in Q4 2024, bringing 8,500 direct jobs to the region and marks the largest economic development in Georgia history. The development has served as a catalyst for 18k additional job announcements and a predicted 4.7x multiplier effect in coming years: 40K total jobs.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit, Holiday Cove apartment community located in Forsyth, Monroe County, Georgia. This asset is situated in the strategically-located Forsyth submarket of Macon and just 60 miles south of Atlanta. Built in 1987, Holiday Cove represents an outstanding opportunity for new ownership to invest in a property with the ability to achieve $150+ premiums through a moderate value-add program while rolling recent leased renovated units that are currently in line with classic units. This property has undergone $800K of exterior and interior capital expenditures, which include landscaping, amenity enhancements, select roof replacements, and interior upgrades. With so few multi-family units in Monroe County, Holiday Cove creates a desirable investment in a limited market. The area’s dynamic economy is bolstered by premiere schools, a booming film industry, and continued job growth (900 new jobs in Locust Grove - 25 miles from the property).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Legacy of Athens apartment community located in Athens, Clarke County, Georgia. This asset is situated in the desirable southeast corridor of Athens, GA with close proximity to the University of Georgia and Downtown Athens. Built in 1968, Legacy of Athens offers an outstanding opportunity to invest in a proven value-add story with strong market fundamentals.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Midsomer at Sage Creek, a 75 unit, 2023 built BTR community located in Graniteville, SC. Midsomer at Sage Creek arrives to the market as a one-of-a-kind build-to-rent community located in the desirable Northwest Aiken Submarket. Embedded in the Sage Creek community, the asset boasts high-end construction with a combination of upscale finishes and quality amenities. Residents at the property benefit from being within minutes of top employers (Savannah River Site ~11,000 employees and Bridgestone 1,874 employees). Direct access to I-20 offers ease of travel to employers and major retail in the Augusta and Aiken MSAs. Property performance also benefits from an under-supplied Graniteville multifamily market, being the only delivery within a 5-mile radius since 2012. Delivery is supported with strong demographics, boasting $71k+ average household income.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Lowe, a 135-unit, 2022-built apartment community located in the desirable Street Car District of downtown Savannah Georgia. Completed in 2022, The Lowe represents a top of the line asset that includes premium amenities and finishes, an ability to push second generation leases, and location that is directly in downtown Savannah’s path of growth. Situated downtown, residents of The Lowe benefit from proximity to the area’s most sought-after restaurants and retail.

Since the announcement of the largest economic development project in Georgia history, the Hyundai EV plant (8,500 jobs) has been the catalyst of 18K additional jobs announced over the last 18 months. The EV plant is estimated to have a 4.7x multiple effect through supporting industries (40K total job impact).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ± 48-acre development site, The Reserve at Savannah Harbor Development Site, located in Savannah, GA. Positioned on Hutchinson Island, just a short drive or ferry ride from historic downtown Savannah, the site’s location offers the opportunity for luxurious island living with all the conveniences and amenities of a major city. The opportunity consists of 149 finished lots with utilities, a completed clubhouse, and raw land with potential for 172 additional lots, poising it well for build-to-rent development. Lots have unrivalled views of the Savannah Harbor Golf Course, the Savannah River, the Little Black River, the Talmadge Memorial Bridge, and downtown Savannah. Significant public and private investments are in progress across multiple developments on Hutchinson Island. Savannah’s growth, fueled by its thriving port, has bolstered an impressive coastal economy. The Reserve at Savannah Harbor Development Site presents a generational chance to acquire a large portion of the only island off downtown Savannah and develop one of the city’s premier and most unique communities.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit, Timber Pointe apartment community located in Macon, Bibb County, Georgia. This asset is situated in robust middle Georgia bolstered by top, high paying employers, multiple higher education institutions, and award-winning healthcare centers, including Piedmont Health Center and Atrium Health Navicent. Built in 1983, Timber Pointe represents an outstanding opportunity for new ownership to invest in a property that is currently achieving $126 in-place rent premiums. In addition, Timber Pointe offers a great opportunity to assume attractive debt below current market levels, with the ability to reach an LTV of 65%+. Middle Georgia continues to grow with the Peach Co. mega site breaking ground, the new 10,000 seat Macon Amphitheater, and the $500M I-16/I-75 interchange expansion project.