About Villas by the Lake
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Villas by the Lake apartment community located in Jonesboro, GA. This asset is situated in the in-fill Clayton County apartment submarket, characterized by limited new deliveries and strong organic rent growth of 44% since 2010. Given a five-mile radius, only one market rate deal has been delivered in the past 15 years. Villas by the Lake boasts an exceptional location being less than 20 minutes from Hartsfield-Jackson Atlanta International Airport and just 7 minutes from the area’s leading retail corridor, Fayette Pavilion. With demand for upgraded interiors evident at the subject property and in the submarket, Villas by the Lake is an excellent opportunity to acquire a true value-add investment well below replacement cost.