Citizen

About Citizen

OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Citizen, a 114-unit mixed-use community delivered in 2023 with irreplaceable frontage on Atlanta’s highly walkable Eastside BeltLine Trail in Old Fourth Ward. Citizen draws income from three distinct sources: the multifamily component, 12K SF of BeltLine-fronting retail, 100% leased to four complementary operators on long-term NNN leases averaging $46 PSF, and the Studioplex parking deck, a 453-space asset generating $1.7M annualized after 39% year over year growth.

The operating trajectory is unambiguous. In-place rents have risen for 24 consecutive months and concessions have burned off entirely. The supply backdrop is just as supportive: deliveries along the Eastside BeltLine have fallen from 2K units in 2023 to zero in 2026, and comp-set concessions have been cut by more than half from their 2024 peak. Atlanta is forecasted to rank second among major U.S. metros for effective rent growth in 2026, reversing two consecutive years of decline. Proven pricing power against virtually no new competition is a rare pairing in today’s Atlanta. Citizen fronts a corridor that has attracted $9B+ in private development and sits steps from Krog Street Market and Ponce City Market. Offered well below replacement cost, it pairs diversified in-place income with a demonstrated growth trajectory in one of intown Atlanta’s most supply-constrained submarkets.