The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 336-unit Chateaux DiJon apartment community located in Metairie, LA in the New Orleans metro area. This asset is situated in the high barriers-to-entry submarket of Metairie, boasting upscale demographics, solid single-family housing stock, and limited apartment deliveries. The property is minutes from millions of square feet of high-end retail, including Lakeside Shopping Center and Clearview Mall, and Class A office space, such as the Lakeway Office Towers, Galleria Tower and East Jefferson Hospital. Chateaux DiJon presents an opportunity to acquire a true value-add asset in one of New Orleans premier submarkets.
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Chateaux DiJon
336 Units
3301 West Esplanade Avenue N
Metairie, LA  70002
Type: Conventional
Closed: 8/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Iris Glen apartment community located in Conyers, Georgia. This asset is situated in Rockdale County along East Atlanta’s parth of progress, which is fueled by easy access throughout Metro Atlanta via I-20 (113,000 VPD). The strong industrial East Side job market has resulted in excellent rent growth in the submarket. Built in 1983, Iris Glen offers an outstanding opportunity to invest in a solid-performing asset with value-add upside.
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Iris Glen
80 Units
101 Iris Glen Drive
Conyers, GA  30013
Closed: 8/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The District, a brand new, mixed-use community featuring 309 apartment units and 8,465 square feet of retail space located in urban Asheville, North Carolina’s focal point for retail and entertainment, the Historic Biltmore Village neighborhood. With unparalleled midrise design that represents the pinnacle of apartment living in Asheville, The District offers the rare opportunity to acquire the premier core asset in a rapidly expanding market. Recently achieving stabilization at the conclusion of Asheville’s best lease-up since 2015, The District is poised to continue proven 8%+ rent growth on the next generation of leases, driven by Buncombe County’s highest-earning renter pool, irreplaceable convenience to expanding blue-chip employers, and the highest jobs-to-supply ratio in the Carolinas.
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The District
309 Units
100 District Drive
Asheville, NC  28803
Type: Conventional
Closed: 8/7/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 997-unit Oak Tree Villas apartment community located in Decatur, DeKalb County, Georgia. Situated within a Federal Qualified Opportunity Zone in the rapidly expanding Decatur area of northeast Atlanta, this asset is approximately 500 yards from the Kensington MARTA Station, with close-in access to all of Atlanta’s major employment hubs via I-285. Built in 1967, Oak Tree Villas offers a remarkable opportunity to invest in one of Atlanta’s most sought-after neighborhoods with unparalleled upside through stabilization and value-add.
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Oak Tree Villas
997 Units
3465 Kensington Road
Decatur, GA  30032
Type: Conventional
Closed: 7/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of 216-unit The Glen at Alexander apartment community in Augusta, Georgia. Strategically situated in desirable West Augusta just east of Interstate 20 and Washington Road, The Glen at Alexander benefits from unparalleled access to the city's best retail establishments and downtown. Built in 2003 and well stocked relative to amenities and features, the subject offers an outstanding opportunity to invest in a cash-flowing high quality product with potential to benefit from an elevated value-add strategy in a market with excellent apartment fundamentals and very low Class A competition.
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The Glen at Alexander
216 Units
1040 Alexander Drive
Augusta, GA  30909
Type: Conventional
Closed: 7/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 238-unit apartment community, The Oaks, located in Athens, Clarke County, Georgia. This asset is situated in the sought-after area of Eastside Athens, characterized by its easy access to essential retail (Publix, Kroger, and plentiful restaurants) as well as University of Georgia’s expanding Eastside campus. The high-barriers Athens market continues to have annual rent growth exceeding 5% and extremely constrained occupancies. Built in 1970/1972, The Oaks is primed for market-supported rent growth, offers proven value-add implementation, and arrives with $3.4M in total capital improvements since 2015.
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The Oaks
238 Units
4160 Lexington Road
Athens, GA  30605
Type: Conventional
Closed: 7/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Ironwood in North Augusta, South Carolina. Located within a brand new mixed-use development, ballpark-anchored Riverside Village, The Ironwood stands alone as the premier, true Class AA market leader. Driven by the cybersecurity phenomenon, Augusta is projected to be the #1 job growth leader in 2019, justifying aggressive apartment market rent growth projections. Excellent walkability, riverfront lifestyle, unmatched array of amenities, and quick access to downtown’s burgeoning job hub together allow The Ironwood to serve the highest echelon of Augusta renters. Having demonstrated very impressive lease-up velocity, this asset faces virtually zero direct competition and is on track to stabilize in less than one year’s time leasing - offering immediately capturable second-generation rent growth. Notably, Riverside Village is within an Opportunity Zone, within TIF-approved development, and is assigned a fixed tax expense schedule through 2048.
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The Ironwood
280 Units
339 Railroad Avenue
North Augusta, SC  29841
Type: Conventional
Closed: 7/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 17-unit 78 Sheridan apartment community located in north metro Atlanta, Fulton County, Georgia. This asset is situated a walkable 1 block east of iconic Peachtree Road, within Atlanta’s top urban submarket posting the metro’s strongest rent growth. Built in 1965 this boutique Buckhead offering presents a rare opportunity to invest in Atlanta’s most exclusive neighborhood.
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78 Sheridan
17 Units
78 Sheridan Drive
Atlanta, GA  30305
Closed: 7/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 336-unit Serenade apartment community located in Decatur, DeKalb County, Georgia. Adjacent to I-285, the subject offers direct access to Atlanta’s most prolific employment centers, including the ‘Clifton Medical Corridor,’ Midtown, Downtown, and Hartsfield-Jackson International Airport. Serenade offers expansive floor plans (1,031SF avg.) and significant recent capital improvements. This 1972-built offering is available for well-below replacement cost and is positioned for even higher investment returns.
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Serenade
336 Units
3859 Flat Shoals Parkway
Decatur, GA  30034
Type: Conventional
Closed: 7/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 1,546-unit Southeast Value-Add Portfolio located in high-growth submarkets throughout the Southeast. The portfolio represents the opportunity to immediately establish or supplement a strong investment platform in top markets. With prime locations and stable cash flows, these six assets offer an outstanding opportunity to invest in a proven value-add program and are poised for additional future rent growth.
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Southeast Value-Add 6 Portfolio (6 properties, 1,546 units)
Amber Mill
264 Units
2906 Old Norcross Road
Duluth, GA  30096
Type: Conventional
Closed: 7/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 1,546-unit Southeast Value-Add Portfolio located in high-growth submarkets throughout the Southeast. The portfolio represents the opportunity to immediately establish or supplement a strong investment platform in top markets. With prime locations and stable cash flows, these six assets offer an outstanding opportunity to invest in a proven value-add program and are poised for additional future rent growth.
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Southeast Value-Add 6 Portfolio (6 properties, 1,546 units)
Shallowford Trace
252 Units
7510 Shallowford Road
Chattanooga, TN  37421
Type: Conventional
Closed: 7/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 79-unit Greenbriar Mill apartment community located in Atlanta, Fulton County, Georgia. Strategically situated just three miles northwest of Hartsfield-Jackson International Airport, this 1969-built asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Greenbriar Mill offers expansive floor plans (1,090 SF avg.) and low deferred maintenance - an outstanding opportunity to invest in a strong-performer with proven value-add potential.
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Greenbriar Mill
79 Units
3301 North Camp Creek Parkway SW
Atlanta, GA  30331
Type: Conventional
Closed: 7/10/2019
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