Retreat at Stonecrest

Posted: 5/7/2019
276 Units
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest
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Retreat at Stonecrest

About

About Retreat at Stonecrest

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit Retreat at Stonecrest apartment community located in Lithonia, DeKalb County, GA. This top-of-the-market asset is situated in east metropolitan Atlanta and is convenient to large employers, including the Snapfinger Industrial District and a planned $200M sports complex. Effective rents for the immediate submarket have grown by more than 42% since 2010, and given a five-mile radius of Retreat at Stonecrest, zero units have been delivered in the past 10 years. These incredible supply demand dynamics will translate to compelling growth that can be enhanced by elevating the property's interior finishes to meet market demand. Retreat at Stonecrest is an excellent opportunity to acquire a true value-add investment, where in-place rents lag the comps by more than $180, well below replacement cost.