The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 372-unit portfolio of Kessler Point, The Arbors, and Azure Cove, located in Garden City, Chatham County, Georgia. Built in 1987 & 1990, these properties represent outstanding value-add opportunities that have been well-maintained, with over $5.98M spent on capital expenditures between previous and current ownership and $261 average-earned 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.
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Garden City 372 Portfolio (3 properties, 372 units)
The Arbors
108 Units
4035 Kessler Avenue
Garden City, GA  31408
Type:  Multifamily
Posted: 4/24/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the The Belmont, a 192-unit apartment community located in the Augusta Market, Columbia County, Georgia. This asset is situated in the thriving and highly desirable area of West Augusta. Built in 2003, The Belmont offers an outstanding opportunity to invest in a proven value-add, well capitalized ($3.5M) asset with strong trade outs for new leases. This community is located in Evans which boasts unmatched access to jobs, retail, and notable demographics including high incomes and the sought-after Columbia County School district. The Belmont sits in an area that features strong market fundamentals supported by Augusta’s booming economy. Recent job announcements include a $184M factory for GF Casting Solutions, creating 350 new jobs, a $33M expansion project for StandardAero, and a $28M new facility for Ritz Instrument Transformers.
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The Belmont
192 Units
650 Thoroughbred Lane
Evans, GA  30809
Posted: 11/25/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Turn, a 200-unit apartment community located in Augusta, Richmond County, Georgia. This asset is situated in the highly sought-after West Augusta submarket, minutes from premier retail and entertainment. Built in 2000, The Turn offers an outstanding opportunity to invest in a strong performing asset with the ability to increase rents by $140 through a mark to market program. Augusta boasts strong economic fundamentals and job growth with over 13K jobs projected over the next five years, including GF Casting Solutions (350 jobs) and Ritz Instrument Transformers (130 jobs).
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Under Contract
The Turn
200 Units
1035 Alexander Drive
Augusta, GA  30909
Type:  Multifamily
Posted: 9/13/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 96-unit Towne Oaks apartment community located in Baton Rouge, LA. Towne Oaks is strategically positioned in the affluent East Baton Rouge Parish, in close proximity to major economic drivers such as the Baton Rouge healthcare corridor, major government offices and industrial developments including the new Amazon fulfillment center. The 3.4M SF, $200M Amazon facility opened in 2024 and is expected to add roughly 1K new jobs over the next year. The area surrounding the property asserts an impressive average household income of $81K+ with an expected increase of 12.5% by 2027.
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Towne Oaks
96 Units
1331 North Sherwood Forest Drive
Baton Rouge, LA  70814
Type:  Multifamily
Posted: 7/30/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 500-unit University Oaks apartment community located in Athens, Clarke County, GA. This asset is situated in the thriving neighborhood of West Athens, with proximity to premier retail (Fresh Market, Chick-fil-A, Starbucks and Target) and Downtown Athens. Within 5 minutes are Athens’ core economic drivers, including the University of Georgia, St. Mary’s Healthcare, and Piedmont Athens Regional Hospital. Built in 1965-1969, University Oaks offers an outstanding opportunity to assume an attractive in-place loan at a 2.72% rate with 5+ years of I/O remaining, in one of the state’s most desirable markets. This proven value-add asset, achieving $65 premiums, provides new ownership the opportunity to capture $160 premiums through a comprehensive value-add program.
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University Oaks
500 Units
2360 West Broad Street
Athens, GA  30606
Type:  Multifamily
Posted: 7/18/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of Valley Farms, a 288-unit apartment community located in Louisville, Jefferson County, Kentucky. The property’s strategic location in south Jefferson County provides residents with first class access to major employers and major job hubs including GE Appliance Park (8K+ Jobs), Ford Assembly Plant (13K+ Jobs), UPS Worldport (25K+ Jobs) and the new BlueOval SK battery plant (2.5K Jobs). Furthermore, the asset is adjacent to Louisville’s Riverport Authority, which is home to more than 120 companies and 6,500 jobs. Valley Farms is primed to benefit from Louisville’s impressive, estimated influx of 8K jobs in 2024, and minimal supply pipeline. Within 5 miles of the property, there has only been one delivery since 2022. Built in three phases, completed in 2007, 2009 and 2015, Valley Farms offers an outstanding opportunity to invest in an institutionally owned multifamily asset, perfectly positioned for value-add upside. New ownership can renovate 75% of the units and drive NOI for long term growth.
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Valley Farms
288 Units
10200 Renaissance Valley Way
Louisville, KY  40272
Type:  Multifamily
Posted: 4/3/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 121-unit Village at Panther Creek apartment community located in Morrow, Clayton County, Georgia. This asset is situated in the strategically-located, Clayton County submarket of south Atlanta. Built in 1973, Village at Panther Creek represents an outstanding opportunity to invest in a well-maintained, turn-key asset within one of Atlanta’s top employment corridors. Village at Panther Creek’s attractive debt options and tax advantages allow an investor to enjoy immediate cash on cash returns.
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Village at Panther Creek
121 Units
6668 Mt. Zion Boulevard
Morrow, GA  30260
Type:  Multifamily
Posted: 4/12/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 700-unit Village on Riverwalk apartment community located in College Park, Clayton County, Georgia. This asset is situated in the strategically-located Aerotropolis of south Atlanta. Built in 1970, Village on Riverwalk provides an outstanding opportunity to invest in Atlanta’s most dynamic industrial submarket with unmatched proximity to many of the city’s major employers. The property offers an attractive loan assumption and ample opportunity to increase income by continuing a well established value-add program.
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Village on Riverwalk
700 Units
5327 River Walk Place
College Park, GA  30349
Type:  Multifamily
Posted: 3/7/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Villas by the Lake apartment community located in Jonesboro, Clayton County, Georgia. This asset is situated in the strategically-located Clayton County submarket of south Atlanta. Built in 2003, Villas by the Lake represents an outstanding opportunity to invest in an asset offered well below replacement cost in Atlanta’s premier logistics and employment corridor. The attractive assumable debt and renovated value-add potential establish Villas by the Lake as a best-in-class asset for investors.
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Villas by the Lake
256 Units
1 Lakeview Way
Jonesboro, GA  30238
Type:  Multifamily
Posted: 6/21/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 40-unit Villas on Mercer apartment community located in Macon, Bibb County, Georgia. Located in West Macon, this asset is situated in a strategically advantageous area just minutes away from key retail and educational facilities, including The Macon Mall, Atrium Health Amphitheater, Sam’s Club, Best Buy, Kroger, Home Depot, and Middle Georgia State University. Built in 1972, Villas on Mercer presents new ownership with a unique opportunity to acquire an asset that is 100% occupied and boasts 43% collection growth since Aug 2023, in a market with sustained economic fundamentals and strong projected rent growth.
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Villas on Mercer
40 Units
1655 N Atwood Drive
Macon, GA  31204