the Cushman & Wakefield Sunbelt Multifamily Advisory Group and National Senior Housing Capital Markets Group are pleased to announce the exclusive listing for the sale of Cottages at Celebration Village. Completed in 2022, the collection of 32 attached build-to-rent residences provides an active lifestyle for seniors and shared access to resort-style amenities at the adjacent senior living community, Celebration Village Forsyth. The Cottages are in an exceptionally affluent pocket of the North Atlanta Suburbs. Within a 7-mile radius, the average household income exceeds $175K with a median home value of $498K, and 15K seniors are 75+. Additionally, median home sales within the neighboring submarket of Johns Creek are even higher, exceeding $670k. The Cottages present an exceptional opportunity to acquire an active adult townhome community supported by impressive demographics and established senior population.
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Cottages at Celebration Village
32 Units
435 Reserve South Drive
Suwanee, GA  30024
Closed: 7/11/2023
The Sunbelt Multifamily Advisory Group of Cushman & Wakefield and Greystone is pleased to present the exclusive listing of the 80-unit Griffin Gate apartment community located 15 miles north of Clarksville, TN city limits in Hopkinsville, KY. This one-of-a-kind asset is strategically located 15 minutes from Fort Campbell, which provides over 58K jobs for the area. The property boasts top-of-the-market features and unique amenities, including an on-site walking trail and a brand new dog park. Over the past year, rental income at the property has increased over 25%. With the heavy lifting complete, a new investor can create additional upside by completing an interior value-add. Built in 2011, Griffin Gate represents an outstanding opportunity to invest in a high-quality product with strong financial trends and highly sought-after assumable debt in a limited supply submarket.
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Griffin Gate
80 Units
300 Griffin Gate Drive
Hopkinsville, KY  42240
Type:  Multifamily
Closed: 6/30/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit Hidden Valley and 236-unit Park Valley apartment communities located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, these assets enjoy close-in access to all of Atlanta's major employment hubs via I-285 and I-20. Both early 1970s vintage, Hidden Valley and Park Valley are located in one of the most popular multifamily submarkets in the Metro with organically rising rents for the past seven years.
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Hidden Valley & Park Valley (2 properties, 486 units)
Park Valley
236 Units
2571 Candler Road
Decatur, GA  30032
Type:  Multifamily
Closed: 6/28/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 114-unit Arden Place apartment community located in Warner Robins, Houston County, Georgia. This asset is situated strategically northeast of major retail centers including Target, Walmart Neighborhood Market, Home Depot, Lowe’s, and Kroger, and just west of Robins Airforce Base. Built in 1983, Arden Place represents an outstanding opportunity to invest in a proven value-add asset achieving rent premiums of $250 on renovated units. The community is situated in the rapidly-expanding area of Watson Boulevard with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Arden Place
114 Units
835 Johnson Road
Warner Robins, GA  31093
Type:  Multifamily
Closed: 6/20/2023
The Idaho Multifamily Advisory Group of Cushman & Wakefield and Greystone are pleased to present the exclusive listing of the 40-unit River View apartment community located in Burley, Cassia County, Idaho. This asset is situated along Snake River in the sought-after neighborhood of Burley, just east of Twin Falls. The property is located one mile from I-84, giving residents convenient access to major employers and economic driver Twin Falls. Over the last 12 months, average occupancy at River View has been 98%. Built in 2007, River View gives a new investor the opportunity to acquire an LIHTC asset with potential upside in a minimal supply submarket.
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River View
40 Units
256 West 3rd North
Burley, ID  83318
Closed: 5/24/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Cartersville Development Site located 38 miles northwest of downtown Atlanta in Bartow County, Georgia. This extraordinary development site, strategically situated at the busy Interstate 75/Highway 20 interchange (Exit 290), is less than 2 miles east of Georgia Highlands College Campus and Cartersville Medical Center employment hubs. The Cartersville Development Site offers potential for a multiple-phased, multifamily/mixed-use development opportunity in a high-visibility location within a growing submarket.
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Cartersville Development Site
246 Units
5628 GA Hwy-20 2 Parcels: PRJ 0777471 & PRJ047126
Cartersville, GA  30121
Closed: 4/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 296-unit The Columns at Paxton Lane apartment community located in Lilburn, Gwinnett County, GA. This asset is situated in Southeast Gwinnett County, where vacancy has tightened and current Q2 2022 rent growth surpasses 19%, per AxioMetrics. Surrounding the property are several new developments and major employers, including the Amazon Fulfillment Center with over 5K employees. The Columns at Paxton Lane features all classic units, allowing a new investor to implement a significant value-add program. Built and owned by prolific developer ECI since its inception in 1996, The Columns at Paxton Lane represents an outstanding opportunity to invest in a true value-add product in one of the top-performing multifamily submarkets in the nation.
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The Columns at Paxton Lane
296 Units
4305 Paxton Lane
Lilburn, GA  30047
Type:  Multifamily
Closed: 4/24/2023
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Brea Frisco
353 Units
12330 Research Road
Frisco, TX  75033
Type:  Multifamily
Closed: 4/21/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of The Reserve at Sugarloaf, a 333-unit multifamily asset in Atlanta’s rapidly growing I-85 North Corridor. With direct access to 1M+ jobs, the property is strategically positioned in one of Atlanta’s strongest suburban markets and will directly benefit from Gwinnett County’s stout demographics and top-tier schools. This Core Plus asset features a thoughtful site plan with uniquely spacious floorplans, and expansive amenities. The property is primed for substantial upside through a proven renovation strategy generating a $356 blended average premium providing a clear path for long term growth. Furthermore, The Reserve at Sugarloaf has experienced robust new lease trade-outs averaging 10% gain to lease on their past 15 leases.
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Reserve at Sugarloaf
333 Units
2605 Meadow Church Road
Duluth, GA  30097
Type:  Multifamily
Closed: 4/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Conyers Development Site located 25 miles southeast of downtown Atlanta in Rockdale County, Georgia. This extraordinary, bank-owned, rare development site is strategically situated a half mile from Publix, Piedmont Rockdale Hospital Medical district, schools, and new SF homes averaging $250K+. The Conyers Development Site offers unlimited commercial/residential development potential in a high-visibility location within one of the fastest growing counties in Georgia.
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Conyers Development Site
65.07 Acres
900 Sigman Road
Conyers, GA  30012
Type:  Land
Closed: 4/14/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Quill, a newly built 208-unit Core multifamily asset in Atlanta’s booming Eastside submarket. Located in the dynamic Edgewood neighborhood, Quill presents a unique opportunity to acquire a thoughtfully designed asset with first class connectivity to Atlanta’s Eastside BeltLine Trail, Edgewood Retail District, and a plethora of energetic Eastside neighborhoods. The property is strategically positioned with direct access to MARTA, in an area of substantial upcoming investment and future redevelopment, driving above average rent growth. Quill has seen exceptional leasing velocity of 42 leases per month since April while increasing rents ~9% during lease-up. Additionally, Edgewood’s recently completed Transit Oriented Development with on-site retail space offers the neighborhood a central, social hub further enhancing Quill’s visibility.
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Quill
208 Units
1460 La France Street NE
Atlanta, GA  30307
Closed: 4/14/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit Amber Grove apartment community located in Marietta, GA. This asset is situated in the burgeoning suburbs of Cobb County with 3.8M SF of new developments under construction and 20% year-over-year multifamily rent growth. Current ownership has spent $3.8M on capital improvements at Amber Grove and renovated about 50% of units. A new owner can generate upside by renovating the remaining 167 units. Additionally, Amber Grove has a favorable tax advantage with frozen taxes over the next two years. Built in 1973, Amber Grove represents an outstanding opportunity to invest in a value-add asset with large floor plans and low density in the highly sought-after Cobb County.
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Amber Grove at Olley Creek
360 Units
2050 Austell Road
Marietta, GA  30008
Type:  Multifamily
Closed: 4/12/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 268-unit American Can apartment community located in New Orleans, LA. This asset is situated in between I-10 and I-610 with convenient access to major employers and over 23M SF of office space within a 3-mile radius. Located in Mid-City, the property is surrounded by major landmarks including City Park, Bayou St. John, Lake Pontchartrain and the BioMedical District. Current ownership completely transformed the asset by thoroughly renovating exteriors, upgrading 20% of the interior units and adding several amenities, including a dog park, resident lounge and outdoor courtyard at the property. With heavy lifting complete, a new owner has the opportunity to complete the interior value-add program. Built in 1929 as a manufacturing facility and converted to multifamily in 2002, American Can represents an outstanding investment in a unique product with major upside in the heart of New Orleans.
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American Can
268 Units
3700 Orleans Avenue
New Orleans, LA  70119
Closed: 3/31/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 533-unit Park Portfolio of three apartment communities located in Smyrna, Cobb County, Georgia. Each asset arrives to market with impressive organic rental growth trends, and all are strategically located in Atlanta’s booming northwest expansion district - home of the Atlanta Braves Battery development, the Platinum Triangle office and retail mecca, and Dobbins Air Reserve Base. Built in 1964-1967, the Park Portfolio presents an outstanding opportunity to acquire proven value-add assets in a high-growth market. The assets are being offered both individually and as a portfolio.
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Park 3 Portfolio (3 properties, 533 units)
Centerview Park (Recap)
128 Units
2300 Benson Poole Road
Smyrna, GA  30082
Type:  Multifamily
Closed: 3/31/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 533-unit Park Portfolio of three apartment communities located in Smyrna, Cobb County, Georgia. Each asset arrives to market with impressive organic rental growth trends, and all are strategically located in Atlanta’s booming northwest expansion district - home of the Atlanta Braves Battery development, the Platinum Triangle office and retail mecca, and Dobbins Air Reserve Base. Built in 1964-1967, the Park Portfolio presents an outstanding opportunity to acquire proven value-add assets in a high-growth market. The assets are being offered both individually and as a portfolio.
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Park 3 Portfolio (3 properties, 533 units)
Beckett Park
249 Units
810 Windy Hill Road
Smyrna, GA  30080
Type:  Multifamily
Closed: 3/30/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Oxford apartment community located in Lawrenceville, Gwinnett County, GA. This asset is well-positioned in one of the top-performing multifamily submarkets in the nation, which has seen upward trends in rent and occupancy for more than two decades. Already the most populated suburban county in the state, Gwinnett’s demand for workforce housing continues to grow alongside new retail, office and industrial activity. The property currently has 99 classic units and 192 partial units, allowing a new owner to complete the interior value-add program. Built in 1984, The Oxford offers a prime opportunity to invest in a proven value-add asset with remaining upside for the next owner.
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The Oxford
300 Units
3400 Club Lakes Parkway
Lawrenceville, GA  30044
Type:  Multifamily
Closed: 3/30/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 533-unit Park Portfolio of three apartment communities located in Smyrna, Cobb County, Georgia. Each asset arrives to market with impressive organic rental growth trends, and all are strategically located in Atlanta’s booming northwest expansion district - home of the Atlanta Braves Battery development, the Platinum Triangle office and retail mecca, and Dobbins Air Reserve Base. Built in 1964-1967, the Park Portfolio presents an outstanding opportunity to acquire proven value-add assets in a high-growth market. The assets are being offered both individually and as a portfolio.
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Park 3 Portfolio (3 properties, 533 units)
Lexington Park
156 Units
2950 South Cobb Drive
Smyrna, GA  30080
Type:  Multifamily
Closed: 2/22/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc., are pleased to present the exclusive listing of the 93-unit Golden Key apartment community located in Metairie, LA, an affluent suburb of New Orleans. This asset is surrounded by substantial demographics, class A office space, boutique retail and top-tier schools. The limited supply in the submarket will continue to drive rent growth at Golden Key. The property currently has 22 renovated units receiving $220 premiums, showcasing the additional income a new investor can capture through a value-add program. Built in 1975, Golden Key offers an outstanding opportunity to invest in a value-add asset with impressive financial trends.
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Golden Key
93 Units
4151 Division Street
Metairie, LA  70002
Closed: 12/20/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 168-unit Reflections of Island Park apartment community located in Shreveport, Cado-Bossier City Parish, Louisiana. This asset is situated amongst several large employers including LSU Shreveport, Barksdale Airforce Base (9,000+ employees) and the new Amazon Distribution Center. Strategically located along Highway 71 with easy access to I-20 and 1-49, the property offers connectivity to all of Louisiana. Built in 2007 and well maintained, Reflections of Island Park represents an outstanding opportunity to invest in a value-add potential in an undersupplied submarket.
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Reflections of Island Park
168 Units
2600 Celebration Cove
Shreveport, LA  71105
Type:  Multifamily
Closed: 12/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of The Brunswick, a 193-unit institutional quality multifamily asset in Norcross (Atlanta), GA. Anchored by Lillian Webb Park in historic Downtown Norcross, The Brunswick’s thoughtful interiors and high-end amenities drive premier visibility. Located in Atlanta’s infill arc, the asset’s strategic location provides exceptional access to 1M+ jobs within a 30-minute drive. Furthermore, The Brunswick has demonstrated impressive lease trade-outs, averaging a 10.3% increase on new leases since May. Surrounded by top-notch job-nodes and immediate walkability to Downtown Norcross, The Brunswick is a phenomenal investment opportunity with a strong future growth trajectory in a desirable town center.
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The Brunswick
193 Units
141 Holcomb Bridge Road
Norcross, GA  30071
Closed: 12/9/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of the The Enzo at Ariston, a 265-unit newly built institutional multifamily asset in Atlanta’s rapidly growing I-85 North Corridor. The property is strategically positioned in one of Atlanta’s strongest suburban markets and will directly benefit from Gwinnett County’s attractive supply/demand dynamics. This Core asset features immediate walkability to 2M+ SF of high-quality retail and dining/entertainment options as well as has top-tier access to Atlanta’s sprawling I-85 North jobs corridor. The property is primed for substantial rent growth, as Gwinnett County has historically demonstrated impressive absorption with limited future supply. Furthermore, The Enzo at Ariston has experienced robust leasing velocity, netting an average of 27 leases per month since May 2022.
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The Enzo at Ariston
265 Units
3025 Woodward Crossing Blvd.
Buford, GA  30519
Type:  Multifamily
Closed: 12/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Flats at Perimeter Place, a prominent 323-unit midrise apartment community located in the heart of Atlanta’s dynamic Central Perimeter (135K+ jobs) district. Strategically positioned in Dunwoody’s vibrant Perimeter Place office/retail center, residents truly enjoy a live/work environment. Central Perimeter is the preeminent Sunbelt CBD, long established as a Fortune 500 stronghold and thriving job enclave anchored by global corporations like State Farm and Insight Global, as well as Pill Hill (20K+ healthcare jobs). The district’s magnetic appeal and energetic growth continues, as evidenced by the new $2B High Street development, which is a 10-block, multi-phase that will bridge the adjoining cities of Dunwoody and Sandy Springs with new Class A office and curated retail intertwined with bicycle-friendly streets and expansive public areas. Flats at Perimeter Place has demonstrated impressive lease trade-outs, averaging an 18.4% increase on new leases since June 2022. Current ownership has substantially renovated ~50% of the units while also injecting nearly $1M into the amenities and common areas, presenting an exceptional opportunity to revamp the remaining units and capitalize on the proven premiums.
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Flats at Perimeter Place
323 Units
60 Perimeter Center Pl
Dunwoody, GA  30346
Type:  Multifamily
Closed: 11/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 130-unit Monarch Villas apartment community located in Sandy Springs, Fulton County, Georgia. This asset is situated in the desirable, trending, and highly accessible northern-perimeter area of suburban Atlanta. Just off Roswell Road with easy access to I-285 and GA-400, the property provides seamless connectivity to Atlanta’s employment megacenters. Monarch Villas was built in 1969, and has been maintained with 48% of its units classic, making it a rare investment find, perfectly primed for immediate and long-term returns.
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Monarch Villas
130 Units
66 Northwood Drive
Sandy Springs, GA  30342
Type:  Multifamily
Closed: 11/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 280-unit The Aurora @ Twenty Seven Hundred apartment community located in Lilburn, Gwinnett County, Georgia. This asset is situated in the one of the most high-growth counties in Georgia known for its abundance of retail, dining, entertainment options, and direct access to Atlanta’s largest employers through the I-85 corridor. Built in 1985, The Aurora @ Twenty Seven Hundred offers an outstanding opportunity to invest in an asset on the cusp of repositioning with proven value-add upside.
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The Aurora @ Twenty Seven Hundred
280 Units
2700 Park Crossing Way NW
Lilburn, GA  30047
Type:  Multifamily
Closed: 10/26/2022