The Retreat at Weaverville

About The Retreat at Weaverville

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Retreat at Weaverville, a 176-unit apartment community located in Weaverville, North Carolina, a burgeoning suburb of Asheville. The asset, idyllically located with a picturesque mountain backdrop, benefits from over 1M square feet of high-quality retail in close proximity and an adjacent location to I-26, Asheville’s largest thoroughfare. A rapidly expanding population and incredibly high barriers to entry have resulted in the Asheville Market recording 19.4% rent growth in 2022. This impressive growth shows no signs of tapering as population growth will outpace new supply 16 to 1 in 2023 and average rents are projected to increase an additional 13%. Built in 2021, The Retreat at Weaverville represents a rare-to-find opportunity to acquire a recently stabilized asset that is well positioned to close the $275+ delta to neighboring properties through second generation leasing while being unimpeded by new supply.