The Reid

About The Reid

OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Reid, a 242-unit, four-story community delivered in 2021 by Fairfield Residential at the I-285 / LaVista Road interchange in Tucker. The Reid offers studio through three-bedroom floor plans averaging 962 SF, with a resort-style pool, 24-hour fitness center, dog park with grooming station and a 100% smoke-free community. The community is currently 93% occupied, with in-place rents averaging $1,846. The property attracts a strong resident base at a $94,164 average household income, with residents earning 4.3x their annual rent and roughly one in six working in healthcare, the largest single industry at the property. A Development Authority of DeKalb County tax abatement further boosts near-term cash flow.

The Reid sits at the center of Northlake’s shift from retail to healthcare. About a mile away, Emory Healthcare is more than doubling its footprint at the former Northlake Mall to over 548K SF, with 1,000+ staff already on site, and Tucker’s NL-PUD zoning targets Northlake as the city’s office and medical core. Residents walk to Sprouts, Dick’s Sporting Goods and Hobby Lobby at The Meridian at Tucker, directly across Northlake Parkway, and reach Decatur, the Emory / CDC Clifton Corridor, Brookhaven / Chamblee and Midtown / Downtown via I-285 and I-85. Tucker also offers value relative to those neighbors, with The Reid’s in-place rents running roughly $270 to $340 per month below newer (2015+) product in Decatur, Chamblee and North Druid Hills, leaving room for rent growth as Northlake matures. With Tucker posting some of the lowest new rental deliveries among its peer cities and pricing below replacement cost, The Reid offers durable income with embedded rent upside in one of northeast Atlanta’s most supply-protected pockets.