The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 396-unit Veridian of Lexington apartment community located in Lexington, Fayette County, Kentucky. This asset is situated in the in the highly desirable South Fayette County submarket, featuring strong demographics and an average HHI of $85K. With limited multifamily deliveries, the submarket consistently experiences tight vacancy and rent increases. Located just off of Man o' War Blvd, the property benefits from access to several of Lexington's high-end retail destinations and major employers, including the University of Kentucky just 5.5 miles from the property. The asset has been fully renovated since 2015, modernizing interiors and exteriors to attract a new resident profile. Veridian of Lexington offers an outstanding opportunity to invest in a fully repositioned property in the undersupplied South Fayette County submarket with an excellently connected location.
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Veridian of Lexington
396 Units
2020 Armstrong Mill Road
Lexington, KY  40515
Type: Conventional
Closed: 7/29/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 294-unit Shadow Ridge apartment community located in Riverdale, Clayton County, GA. This asset is situated in the in-fill Clayton County apartment submarket, characterized by limited new deliveries and strong organic rent growth of 50%+ since 2010. Additionally, Clayton County is currently ranked in the Top-10 in the nation for multifamily rent growth. The area’s performance is propelled by a surge in jobs and industrial growth, making the area a prominent manufacturing and logistics hub. With demand for upgraded interiors evident at the subject property and in the submarket, Shadow Ridge is an excellent value-add investment opportunity.
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Shadow Ridge
294 Units
950 Lake Ridge Parkway
Riverdale, GA  30296
Closed: 7/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of The Meridian at Redwine apartments in southwest metro Atlanta, Georgia. Completed in 2016 just west of I-285, the property is advantageously positioned eight minutes from Hartsfield-Jackson International Airport, the Southeast’s largest employment center (63.3K+ jobs), and the surrounding Aerotropolis Atlanta economic base, which has remained impressively resilient during the past year. In addition to its strategic connectivity, the property’s demand drivers include 1M+ SF in adjacent big-box retail developments and 200M+ SF in the enveloping industrial/distribution submarkets. Bolstered by a relative lack of multifamily supply, The Meridian at Redwine’s valuable market position ensures its continued investment appreciation.
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The Meridian at Redwine
258 Units
3755 Redwine Road
Atlanta, GA  30344
Type: Conventional
Closed: 7/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Waterleaf at Battery Creek, a 212-unit, state-of-the-art community offering its residents best-in-class living space and amenities in Beaufort, SC. This asset is located in the heart of Low Country South Carolina, a rapidly expanding coastal region situated along Interstate-95 between the major U.S. ports of Savannah and Charleston. Waterleaf at Battery Creek sits in one of the most sought-after locations in the area, with unobstructed water views and immediate access to the Port Royal Sound and Atlantic Ocean by way of a stunning on-site 300-ft crab dock. The Hilton Head-Bluffton-Beaufort market is seen as an attractive destination for residents fleeing larger U.S. cities with dense infrastructures, migrating towards coastal markets. These trends, which were only amplified by the pandemic, explain the market’s population surge of 58% since 2000, all while experiencing consistently strong rent growth (4% in Q4-2020). With phenomenal market fundamentals and a rapid lease-up seeing 17+ move-ins per month, Waterleaf at Battery Creek proves to be an outstanding opportunity to invest in a newly-built, core asset poised to capitalize on a lengthy Class-A runway with $300+ rental headroom to the leading market competitor.
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Waterleaf at Battery Creek
212 Units
10 Shell Creek Drive
Beaufort, SC  29906
Closed: 7/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Atlantic Sweetwater apartment community located in Lawrenceville, Gwinnett County, Georgia. This 200-unit asset is situated in the heart of northeast Atlanta’s Golden Corridor in the state’s second largest county, known for its unmatched story of blockbuster growth and prosperity spanning three decades. Eight transformational development projects are underway in Gwinnett, outlining a future of continued population and employment expansion. Built in 1986, The Atlantic Sweetwater represents an outstanding opportunity to invest in one of Atlanta’s highest growth locations, and build upon proven in-place value-add initiatives.
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The Atlantic Sweetwater
200 Units
3525 Club Drive
Lawrenceville, GA  30044
Type: Conventional
Closed: 7/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Lamar, a 38-unit apartment community located in Macon, Bibb County, Georgia. Built in 1920 and fully renovated in 2015 within Macon’s rapidly-expanding downtown market, this historic conversion represents the ultimate in apartment renovation and is targeted towards the high-growth medical and Mercer University submarket. The Lamar presents an outstanding opportunity to invest in a unique walkable urban-infill development with best-in-market features and amenities, which include a retail component.
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The Lamar
38 Units
562 Cherry Street
Macon, GA  31201
Closed: 7/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Somerset at the Crossings apartment community located in Tucker (Metro Atlanta), Gwinnett/DeKalb County, GA. This asset is situated in a stable, logistics-driven market with over 16M SF of industrial space within a three-mile radius. The strong job market and highly rated school systems has propelled local demographics. The asset offers a significant value-add opportunity. With a few renovated units receiving high premiums, new ownership has a clear path to increased income through an interior value-add play. Built in 1987, Somerset at the Crossings offers an outstanding opportunity to invest in a proven value-add asset in the flourishing Northern Southern Arc submarket.
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Somerset at the Crossings
264 Units
100 Summerwalk Parkway
Tucker, GA  30084
Type: Conventional
Closed: 7/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 133-unit Madison on Mercer apartment community located in Macon, Bibb County, Georgia. This asset is situated in the strategically-located, area of west Macon, just moments from big-box retailers like Sam’s Club, Best Buy, Kroger, The Home Depot and just north of Georgia Technical College. Built in 1979, Madison on Mercer offers an outstanding prospect to invest in a proven value-add opportunity within a thriving market.
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Madison on Mercer
133 Units
3601 Mercer University Dr
Macon, GA  31204
Closed: 7/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit The Lodges on English Station apartment community located in Louisville, Jefferson County, Kentucky. The Lodges on English Station is strategically located at the exchange of two major interstates, offering prime connectivity to the surrounding area. The asset is also surrounded by big-box retail and numerous massive employment centers. The Lodges on English Station offers best-in-class amenities and elegant, high-end interior finishes. Built in 2018, The Lodges on English Station represents an outstanding opportunity to invest in a top-of-market product in a prime location.
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The Lodges on English Station
288 Units
14500 English Park Circle
Louisville, KY  40299
Closed: 7/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 348-unit Upland Townhomes multifamily community located in Mableton, Cobb County, Georgia. This asset is strategically-located within Northwest Atlanta's preeminent Thornton Road and Fulton Industrial economic area along the I-20 western corridor near I-285. Built in 1970, Upland Townhomes arrives to market 96% occupied with upward income trajectory and proven value-add rent growth.
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Upland Townhomes
348 Units
6850 Mableton Parkway
Mableton, GA  30126
Type: Conventional
Closed: 6/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Avalon on Montreal apartment community located in Northeast Atlanta, DeKalb County, Georgia. This asset is situated in the rapidly-expanding, high industrial and e-industrial growth area of Clarkston, GA. Built in 1975, the property underwent a full repositioning program in 2011, during which interiors, exteriors, all systems and amenities were significantly renovated. The property operates much more like a 2011 vintage asset. The submarket supports a full interior renovation of the conventional units. Avalon on Montreal represents an outstanding opportunity to invest in an asset with significant value-add potential and located in a thriving industrial corridor. * 89 units rent restricted through 2027 when the entire property can be taken to full conventional rents (see page 15 of the OM for details).
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Avalon on Montreal
168 Units
1086 Montreal Road
Clarkston, GA  30021
Type: Affordable Housing
Closed: 6/25/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 128-unit Chestnut Ridge apartment community located in Baton Rouge, Louisiana. This asset is embedded amongst Baton Rouge’s healthcare district and less than a ten minute drive from LSU and L’Auberge Casino & Hotel. The asset is also a short drive from many of Baton Rouge’s premier retail locations. In 2020, the asset underwent a full renovation of the interiors, exteriors, and common spaces. Building siding was redone, the clubhouse was completely refurbished, and 100% of unit interiors were upgraded. Built in 1974/2020, Chestnut Ridge represents an outstanding opportunity to invest in a fully renovated asset located near top employers and retail.
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Chestnut Ridge
128 Units
8686 Coy Drive
Baton Rouge, LA  70810
Type: Conventional
Closed: 6/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit Legacy Value-Add Duo multifamily portfolio located in Northeast suburban Atlanta, Gwinnett County and Hall County, Georgia. Located in the I-85 ‘Golden Corridor’, both properties offer quick access to numerous large employment centers. In addition to benefitting from suburban workforce housing in submarkets with limited new multifamily supply, this portfolio offers significant value-add opportunity. Current renovated units are receiving between $100-$375 premiums, creating a clear path for new ownership to push rents though a value-add program. Built in 1985 and 2004, Legacy at Norcross and Legacy at Lanier are situated in top suburban submarkets with metro Atlanta exposure, high-demand workforce housing, limited new supply, and immense value-add upside.
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Legacy Value-Add Duo (2 properties, 250 units)
Legacy at Lanier
150 Units
1750 Columns Drive
Gainesville, GA  30504
Type: Conventional
Closed: 6/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Chelsea Place apartment community located in Lithonia, DeKalb County, Georgia. This asset is situated along the rapidly-expanding I-20 corridor in East suburban Atlanta, near numerous job drivers including Stonecrest (1 mile), Emory Hillandale Hospital (2 miles), and the Snapfinger Industrial District (5 miles). Built in 1973, Chelsea Place offers an outstanding opportunity to invest in a strong performing asset providing prime value-add potential.
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Chelsea Place
174 Units
2361 Parc Chateau Drive
Lithonia, GA  30058
Closed: 6/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit Legacy Value-Add Duo multifamily portfolio located in Northeast suburban Atlanta, Gwinnett County and Hall County, Georgia. Located in the I-85 ‘Golden Corridor’, both properties offer quick access to numerous large employment centers. In addition to benefitting from suburban workforce housing in submarkets with limited new multifamily supply, this portfolio offers significant value-add opportunity. Current renovated units are receiving between $100-$375 premiums, creating a clear path for new ownership to push rents though a value-add program. Built in 1985 and 2004, Legacy at Norcross and Legacy at Lanier are situated in top suburban submarkets with metro Atlanta exposure, high-demand workforce housing, limited new supply, and immense value-add upside.
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Legacy Value-Add Duo (2 properties, 250 units)
Legacy at Norcross
100 Units
1012 Harbins Road
Norcross, GA  30093
Type: Conventional
Closed: 6/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Timberland Apartments community located in Savannah, Chatham County, Georgia. This asset is situated in the Colonial Village Submarket of Savannah. Built in 1974, Timberland Apartments represents an outstanding opportunity to invest in an asset where further renovations can potentially garner a 33% ROI after completion. Timberland Apartment’s unmatched access to Savannah’s major employers and retail, which has recently been enhanced by major infrastructure improvements, is fueling its recent population growth and rapidly rising incomes.
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Timberland
176 Units
10612 Abercorn Extension
Savannah, GA  31419
Type: Conventional
Closed: 5/28/2021
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Sunbelt Multifamily Advisory Group, is pleased to present the exclusive listing of the 126-unit, 504-bed, Reign Living at the Stadium student housing apartment community, located in Columbia, South Carolina. This asset is situated in a highly desirable location, adjacent to the University of South Carolina's Williams-Brice football stadium, and includes a private student walkway with exclusive gate access to the stadium's entrance. The property completed construction in Fall 2020 and delivered at 99% occupancy and has since achieved 99% prelease for Fall 2021. Reign Living at the Stadium offers a Class "A" investment opportunity with the latest amenities in the thriving University of South Carolina market.
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Reign Living at the Stadium (need SP)
126 Units | 504 Beds
1105 Shop Road
Columbia, SC  29205
Closed: 5/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Caroline, a 237-unit mixed-use apartment community located on Charleston, South Carolina’s peninsula. The property is strategically situated within the new 50-acre urban, waterfront district “WestEdge” masterplan, which has a projected impact of 4,280 new jobs and 2,500+ residents upon completion. Caroline has set the stage for growth by reaching stabilization while still having $700+ in rental headroom. Increased barriers to entry on the peninsula due to numerous municipal and design requirements will shield Caroline from new supply, as it benefits from being one of only two communities with unobstructed views of the Ashley River.
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Caroline
237 Units
99 Westedge Street
Charleston, SC  29403
Type: Conventional
Closed: 5/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 272-unit The Centre at Peacthree Corners apartment community located in Peachtree Corners, Georgia. This asset is situated 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. Built in 1972, The Centre at Peachtree Corners has proven value-add performance and arrives with $10.7M+ in recent capital improvements. The asset’s high-barriers submarket is characterized by limited apartment supply and evident demand for higher level finishes.
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The Centre at Peachtree Corners
272 Units
3325 Holcomb Bridge Road
Peachtree Corners, GA  30092
Type: Conventional
Closed: 5/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 304-unit Oaks at Holcomb Bridge apartment community located in north Fulton County in metro Atlanta, Georgia. This asset is situated in the heart of Atlanta’s affluent Roswell community, and provides strategic access to North Fulton’s primary employment and retail hubs in Roswell, Alpharetta, Central Perimeter, and Buckhead. Built in 1979, Oaks at Holcomb Bridge represents an outstanding opportunity to invest in one of Atlanta’s most desirable locations with impressive value-add upside.
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Oaks at Holcomb Bridge
304 Units
700 Old Holcomb Bridge Road
Roswell, GA  30076
Type: Conventional
Closed: 5/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit The Reserves of Thomas Glen apartment community located in Shepherdsville (Louisville MSA), Bullitt County, Kentucky. This asset is situated in Bullitt County's industrial and e-commerce community with close proximity to UPS Worldport and Shepherdsville Amazon Fulfillment Center. Residents at The Reserves of Thomas Glen benefit from direct access to Louisville's flourishing economy. Built in 2013 and only 25 minutes south of Louisville, The Reserves of Thomas Glen represents an outstanding opportunity to invest in Shepherdsville's top asset immersed among some of the area's largest e-commerce and industrial hubs with extensive job opportunities.
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The Reserves of Thomas Glen
192 Units
123 Thomas Glen Drive
Shepherdsville, KY  40165
Closed: 5/13/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Twenty25 Barrett, a 238-unit apartment community located in Kennesaw, Georgia. Twenty25 Barrett presents a rare and unique offering of an institutional, suburban multifamily asset in Cobb County. Kennesaw’s high barriers to entry and fantastic growth story create an incredibly secure and dynamic investment opportunity. The area also provides access to necessities, jobs, and lifestyle options. The property has gated access, a robust amenity package, an ideal unit count/mix, and efficiently engineered floorplans. Future upside potential coupled with extremely strong area and property demographics sets the stage for rent growth.
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Twenty25 Barrett
238 Units
2025 Barrett Lakes Blvd NW
Kennesaw, GA  30144
Type: Conventional
Closed: 5/7/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Brighton
232 Units
2634 East Lake Boulevard
Robinsonville, MS  38664
Type: Conventional
Closed: 4/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 350-unit Sandtown Vista apartment community located in Metro Atlanta’s Southern Crescent region. This high quality asset is situated in the thriving South Fulton submarket with top multifamily rent growth and limited new supply. Located just south of I-20, Sandtown Vista benefits from direct access to the Fulton Industrial Corridor. The logistics-driven area has continued to see explosive growth through new developments and job opportunities. Built in 2009 with institutional quality construction and upscale amenities, Sandtown Vista represents an outstanding opportunity to invest in a value-add opportunity located in one of the top U.S. submarkets for rent growth with limited new supply.
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Sandtown Vista
350 Units
1475 Sand Bay Drive
Atlanta, GA  30331
Type: Conventional
Closed: 4/26/2021