Portico at Lanier

About Portico at Lanier

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit Portico at Lanier apartment community located in Gainesville, Hall County, Georgia. As the destination for numerous new large-scale developments, Gainesville has seen steady rent and job growth in the past 10 years. With recently refreshed amenities and exteriors, Portico at Lanier is well positioned for significant rent growth in this supply-constrained multifamily submarket. A new owner can boost income with interior improvements, achieving peak premiums by upgrading the remaining classic and partially renovated units to the seller’s fully renovated level or upgrading 100% of units to an elite level. Built in 2004, Portico at Lanier represents an outstanding opportunity to invest in a proven value-add asset located in a flourishing Atlanta suburb, well below replacement cost, estimated to be in excess of $268K/door.