About Savannah 598 Portfolio
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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 598-unit portfolio of Ridgewood, Carriage House, Ascend at Savannah, and Ascend Midtown apartment communities located in Savannah, Chatham County, Georgia. Built between 1968-1977, these properties represent outstanding value-add opportunities that have been well-maintained, with over $4.6M spent on capital expenditures by current ownership and $157 average in-place renovation premiums. These opportunities are 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: a 40K total job growth impact.