The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 454-unit The Crawford at East Cobb apartment community located in northwest suburban Atlanta, Cobb County, Georgia. This asset is situated within the 120 Loop in Marietta, less than one mile east of the I-75 corridor. The property benefits from sustained demand generated by nearby employers Lockheed Martin, Dobbins Air Reserve Base, and Kennesaw State University, along with direct interstate access to Midtown/Downtown, Perimeter Center, and Buckhead. Built in 1975, The Crawford at East Cobb is primed to benefit from the continued rent growth and demand for higher finishes within the submarket.
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The Crawford at East Cobb
454 Units
1805 Roswell Road
Marietta, GA  30062
Type: Conventional
Closed: 7/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 202-unit Windrush apartment community located in Decatur, DeKalb County, Georgia. This asset is situated in the rapidly-expanding Decatur area of northeast Atlanta and within walking distance of two MARTA transit stations (Indian Creek < 1 mile, Kensington < 1.5 miles). Built in 1982, Windrush offers an excellent opportunity to invest in one of Atlanta’s most sought-after neighborhoods with a value-add asset and organic rising rents.
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Windrush
202 Units
3841 Kensington Road
Decatur, GA  30032
Type: Conventional
Closed: 6/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 167-unit Stonegate at Eagle’s Landing and the 300-unit Mandalay Villas in Henry County, Georgia. Henry County is one of Atlanta’s top growth corridors with over 15% projected household income and population growth over the next 5 years. Despite this impressive growth, Henry County’s apartment market has been extremely under-supplied since 2010 (2.4K units delivered), a catalyst for continued rent growth. Additionally, Henry County’s industrial market is booming with 13.4M SF under construction/proposed, creating an additional 8.9K jobs. These strategic locations are further bolstered by the surrounding demographics. Stonegate at Eagle’s Landing and Mandalay Villas present the opportunity to acquire a value-add portfolio below replacement cost in one of the Southeast’s main distribution markets.
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Stonegate at Eagle's Landing & Mandalay Villas (2 properties, 467 units)
Mandalay Villas
300 Units
1395 Towne Centre Village Drive
McDonough, GA  30253
Type: Conventional
Closed: 6/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 167-unit Stonegate at Eagle’s Landing and the 300-unit Mandalay Villas in Henry County, Georgia. Henry County is one of Atlanta’s top growth corridors with over 15% projected household income and population growth over the next 5 years. Despite this impressive growth, Henry County’s apartment market has been extremely under-supplied since 2010 (2.4K units delivered), a catalyst for continued rent growth. Additionally, Henry County’s industrial market is booming with 13.4M SF under construction/proposed, creating an additional 8.9K jobs. These strategic locations are further bolstered by the surrounding demographics. Stonegate at Eagle’s Landing and Mandalay Villas present the opportunity to acquire a value-add portfolio below replacement cost in one of the Southeast’s main distribution markets.
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Stonegate at Eagle's Landing & Mandalay Villas (2 properties, 467 units)
Stonegate at Eagle's Landing
167 Units
700 Rock Quarry Road
Stockbridge, GA  30281
Type: Conventional
Closed: 6/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of the 146-unit Bradford Mills Lofts apartment community located in Louisville, Jefferson County, KY. Situated in Germantown, Bradford Mills Lofts is surrounded by Louisville's trendiest urban neighborhoods. The immediate submarket provides healthy demographic support due to the excellent regional connectivity, key Louisville employers, and exceptional retail options. With Louisville catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseable future. Bradford Mills Lofts will be able to capitalize on this growth and provides investors a rare opportunity to own one of Louisville’s newest assets.
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Bradford Mills Lofts
146 Units
1124 Reutlinger Avenue
Louisville, KY  40204
Closed: 6/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 156-unit Reserve at Sweetwater Creek apartment community located in Austell, Douglas County, Georiga. This asset is situated along the prolific I-20 corridor in rapidly-expanding Douglas County, home to Google's massive data center and a thriving technology employment base. Built in 1988, Reserve at Sweetwater Creek offers an outstanding opportunity to invest in a strong performing asset in a high-barriers submarket with limited multifamily supply.
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Reserve at Sweetwater Creek
156 Units
99 Creekside Circle
Austell, GA  30168
Type: Conventional
Closed: 6/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of two perfectly primed, late-70s vintage value-add assets in metropolitan Atlanta. Retreat at Marketplace has 330 units in the rapidly expanding aerotropolis district. Ashland Lakeview is a 255-unit community embedded in more than 7M SF of industrial space and offers strategic connectivity to Emory’s ‘Eds and Meds’ corridor. This is an outstanding opportunity to invest in two high-growth submarkets positioned for immediate and long-term returns.
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Retreat at Marketplace & Ashland Lakeview (2 properties, 585 units)
Retreat at Marketplace
330 Units
3390 Fairburn Road SW
Atlanta, GA  30331
Type: Conventional
Closed: 5/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 81-unit The Square at Mason Mill apartment community located in Decatur, DeKalb County, Georgia. Situated less than two miles northeast of Emory’s booming ‘Eds & Meds’ corridor, residents enjoy backdoor access to major Atlanta employment centers, and quick connectivity to I-85 and I-285. Built in 2007 and 1972, The Square at Mason Mill features solid brick construction and classic architecture, and is primed to benefit from the continued rent growth and demand for higher finishes within the submarket.
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The Square at Mason Mill
81 Units
1130 North Jamestown Rd
Decatur, GA  30033
Type: Conventional
Closed: 5/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Villas by the Lake apartment community located in Jonesboro, GA. This asset is situated in the in-fill Clayton County apartment submarket, characterized by limited new deliveries and strong organic rent growth of 44% since 2010. Given a five-mile radius, only one market rate deal has been delivered in the past 15 years. Villas by the Lake boasts an exceptional location being less than 20 minutes from Hartsfield-Jackson Atlanta International Airport and just 7 minutes from the area’s leading retail corridor, Fayette Pavilion. With demand for upgraded interiors evident at the subject property and in the submarket, Villas by the Lake is an excellent opportunity to acquire a true value-add investment well below replacement cost.
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Villas by the Lake
256 Units
1 Lakeview Way
Jonesboro, GA  30238
Type: Conventional
Closed: 5/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 371-unit Ashford East Village apartment community located in Atlanta, DeKalb County, GA. Atlanta is experiencing a surge in new jobs and corporate relocations, accounting for more than 26K jobs in the city-center. Via MARTA and proximity to major interstates, Ashford East Village's location within East Atlanta offers residents easy commutes to employment nodes throughout the metro. Following in the wake of the economic explosion occurring in Midtown, Old Fourth Ward, and Inman Park, the subject is located within the path of progress fueling East Atlanta's revitalization. Ashford East Village presents an opportunity to acquire a true value-add property in a submarket lacking high-quality, affordable multifamily options.
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Ashford East Village
371 Units
1438 Bouldercrest Road
Atlanta, GA  30316
Type: Conventional
Closed: 5/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of two perfectly primed, late-70s vintage value-add assets in metropolitan Atlanta. Retreat at Marketplace has 330 units in the rapidly expanding aerotropolis district. Ashland Lakeview is a 255-unit community embedded in more than 7M SF of industrial space and offers strategic connectivity to Emory’s ‘Eds and Meds’ corridor. This is an outstanding opportunity to invest in two high-growth submarkets positioned for immediate and long-term returns.
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Retreat at Marketplace & Ashland Lakeview (2 properties, 585 units)
Ashland Lakeview
255 Units
200 Summit Lake Drive
Stone Mountain, GA  30083
Type: Conventional
Closed: 5/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 272-unit Bedford Park apartment community located in northeast Atlanta, DeKalb County, Georgia. This asset is situated along the prolific I-85 northeastern corridor and is strategically surrounded by Atlanta’s largest employment centers. Built in 1966, Bedford Park is poised for future rent growth through a market-supported value-add program.
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Bedford Park
272 Units
2739 Shallowford Road
Chamblee, GA  30341
Type: Conventional
Closed: 5/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 16-unit 1294 Piedmont apartment building located in Atlanta, Fulton County, Georgia. This asset is situated across the street from Piedmont Park and the Atlanta Botanical Garden in the heart of Midtown. Highly walkable, Midtown has the highest density of art and cultural institutions in the Southeast, and its network of transit options, easily navigable streets, and well-lit sidewalks make walking and biking easy. Freshly modernized with luxury finishes, 1294 Piedmont represents a rare opportunity to invest in one of the most elite areas of Atlanta.
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1294 Piedmont
16 Units
1294 Piedmont Avenue
Atlanta, GA  30309
Type: Conventional
Closed: 5/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 66-unit Rio Vista apartment community located in close-in northeast Atlanta, DeKalb County, Georgia. This asset is situated along I-85N, less than 2 miles southeast of Buckhead, 1 mile east of Lindbergh, and 2 miles northwest of Emory’s ‘Eds & Meds’ employment corridor as well as the Briarcliff/North Druid Hills neighborhoods. Built between 1966-1973, this boutique asset presents a rare opportunity to collect long-term ROI in one of Atlanta’s most popular and thriving communities.
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Rio Vista
66 Units
2716 Buford Hwy NE
Brookhaven, GA  30324
Closed: 5/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 684-unit Canopy apartment community located in Norcross, Gwinnett County, GA. This asset, situated along the rapidly expanding, and thriving I-85 Pathway of Progress, has 78% of its units renovated with upscale finishes and best-in-class, in-demand amenities. With the heavy lifting already complete, the next owner has an attractive, well-managed canvas to make additional enhancements to increase ROI. Built in 1987, Canopy represents an outstanding opportunity to invest in Northeast Metropolitan Atlanta’s premier expansion market of Gwinnett County, one of the fastest growing counties in the nation for more than two decades.
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Canopy
684 Units
1635 Pirkle Road
Norcross, GA  30093
Type: Conventional
Closed: 5/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Colonial Manor
48 Units
7373 Jefferson Highway
Harahan, LA  70123
Closed: 4/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Grayson Luxury Apartments, a 330-unit community located in Spring, Texas, a desirable north Houston enclave. Situated just west of Interstate 45, The Grayson offers excellent commuter connectivity to downtown and the burgeoning north Houston region. The Grayson is poised to benefit from significant corporate investment from Exxon Mobil and HP’s new campuses along North Houston’s economic spine. This strategic location is further bolstered by the surrounding demographics where average household income exceeds $100,000 within a one-mile radius. Additionally, skyrocketing rents in the Woodlands submarket to the north are now pushing residents south, allowing The Grayson to capture traffic from priced out corporate employees. The Grayson represents the opportunity to acquire an attractively positioned property in one of Houston’s burgeoning markets with stellar rent growth projections driven by limited pipeline.
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The Grayson
330 Units
4115 Louetta Road
Spring, TX  77388
Type: Conventional
Closed: 4/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 276-unit Millennium Towne Center apartment community located in Baton Rouge, Louisiana. Millennium Towne Center is adjacent to Baton Rouge’s leading retail district, Towne Center at Cedar Lodge which is anchored by a Whole Foods Market. Given a one-mile radius of the property, average household income is roughly $110K and white collar employment levels exceed 76%. As Baton Rouge continues to flourish through the growth of leading employment industries, including healthcare, higher education, petrochemical industries, and shipping, Millennium Towne Center will continue to attract an affluent regional resident profile. Millennium Towne Center is an excellent opportunity to acquire upscale product below replacement cost.
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Millennium Towne Center
276 Units
6810 Jefferson Highway
Baton Rouge, LA  70806
Type: Conventional
Closed: 4/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit Greenwood at Marketplace apartment community located in East Point, Fulton County, Georgia. Strategically situated in south metropolitan Atlanta, just two miles west of Hartsfield-Jackson International Airport, this asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1971, Greenwood at Marketplace represents or offers an outstanding opportunity to invest in a strong-performing asset with proven value-add potential.
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Greenwood at Marketplace
152 Units
3222 Kenelworth Drive
East Point, GA  30344
Type: Conventional
Closed: 4/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 448-unit Anzio apartment community located in northeast metropolitan Atlanta’s premier expansion market of Gwinnett County, Georgia, one of the fastest growing counties in the nation for more than two decades. This asset is situated in a high barriers-to-entry submarket, characterized by limited new deliveries and strong organic rent growth. With such limitations on new multifamily, occupancy and rent have continued to climb, leading to a strong historical property performance. With demand for upgraded interiors evident in the submarket and at the subject, Anzio is an excellent opportunity to acquire a proven value-add investment.
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Anzio
448 Units
3100 Sweetwater Road
Lawrenceville, GA  30044
Type: Conventional
Closed: 4/11/2019
The Cushman & Wakefield Student Housing Capital Markets Team and Southeast Multifamily Advisory Group is pleased to present the exclusive listing of University Lofts, a 45-unit, 180-bed student housing community located in Carrollton, Georgia. Located adjacent to the University of West Georgia (UWG) campus, the property offers its residents the convenience and luxury of one of the best pedestrian locations within the surrounding off-campus housing market.45
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University Lofts
45 Units | 180 Beds
785 Lovvorn Road
Carrollton, GA  30117
Type: Student
Closed: 4/9/2019
the Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of the 318-unit The Fountains at Andover apartment community located in Lexington, Fayette County, KY. Given a one-mile radius of The Fountains at Andover, average HHI is projected to grow by more than 12% over the next five years. With limitations on new multifamily driven by the Urban Services Boundary restricting developments in rural areas to help preserve farmland, there are minimum sites available suitable for apartments. Due to the restrictions, submarket occupancy and rents have continued to climb, leading to strong property performances. With demand for upgraded units in the submarket and no renovated units at the subject property, The Fountains at Andover is an excellent opportunity to acquire a true value-add investment.
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The Fountains at Andover
318 Units
3200 Todds Road
Lexington, KY  40509
Type: Conventional
Closed: 4/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 308-unit Mansfield on the Green apartment community in Mansfield, Texas, a rapidly-expanding suburb of the high-growth DFW Metroplex. Completed in July 2018, this brand new asset is an integral part of a changing landscape of new upscale developments redefining the character of suburban Mansfield. Anchoring the south end of the prolific Texas 360 corridor equidistant to both Fort Worth and Dallas, Mansfield is an exceptional residential community with phenomenal population growth, $155,000+ average household incomes, and $300,000+ average home values. In addition to offering direct connectivity to primary DFW employment districts, Mansfield on the Green benefits from its location next to Mansfield National Golf Club and close proximity to Methodist Mansfield Medical Center and Joe Pool Lake. With its lease up rapidly approaching completion, the subject offers strong investment advantages through second generation rent increases and increasingly strong demand drivers.
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Mansfield on the Green
308 Units
250 North State Highway 360
Mansfield, TX  76063
Type: Conventional
Closed: 4/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 46-unit Old 4th Ward Flats located in east Atlanta Fulton County, Georgia. Originally built as 50 units, this asset is situated just steps from the Eastside BeltLine and Freedom Parkway Trails in Old 4th Ward, ranked in the Top 10 Neighborhoods nationally and boasting explosive rental demand. Six 1960s-vintage, all-brick buildings offer walkability to redefining new developments such as Krog Street and Ponce City markets, and high-paying jobs in Downtown and Midtown.
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Old 4th Ward Flats
46 Units
195 Randolph Street
Atlanta, GA  30312
Closed: 3/28/2019