The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 120-unit Ormond Plantation apartment community located in Metro New Orleans in Destrehan, LA. This highly desirable submarket is a quaint New Orleans suburb located along the Mississippi River and has virtually no competing multifamily properties. With over $2.35M ($19K+ per unit) in strategic capital improvements and renovations spent in the last four years, prior ownership upgraded every aspect of the property, allowing new ownership the opportunity to focus on a minor value-add program. The property repositioning has bolstered its performance, highlighted by 8.9% year-over-year income growth since April 2017. Ormond Plantation presents the opportunity to acquire one of the nicest assets in the Destrehan market.
...
Sold
Ormond Plantation
120 Units
1952 Ormond Boulevard
Destrehan, LA  70047
Type: Conventional
Closed: 12/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
...
Sold
Ashley Woods & Whispering Woods (2 properties, 204 units)
Ashley Woods
96 Units
3900 Northside Drive
Macon, GA  31210
Type: Conventional
Closed: 11/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
...
Sold
Ashley Woods & Whispering Woods (2 properties, 204 units)
Whispering Woods
108 Units
4411 Northside Drive
Macon, GA  31210
Type: Conventional
Closed: 11/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 269-unit The Reserve at Ridgewood apartment community located in Sandy Springs, Fulton County, Georgia, where 85% of the 2005-incorporated city's residential land allows for only detached, single-family homes. The Reserve at Ridgewood is located less than a mile NW of the North Springs MARTA Transit station, and offers desirable access to Roswell Road retail and best-in-metro access to Atlanta's top employment districts. The nearby Central Perimeter corporate center, home to the new Mercedes-Benz and State Farm corporate campuses, is Atlanta's largest job base with 33M SF of office and 135,000+ employed.
...
Sold
The Reserve at Ridgewood
269 Units
7100 Roswell Road NE
Sandy Springs, GA  30328
Type: Conventional
Closed: 11/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 508-unit 3500 The Vine apartment community located in Peachtree Corners, Gwinnett County, Georgia. This asset is desirably positioned just off Peachtree Industrial Blvd., along the thriving I-85 northeast corridor. Since acquisition, current ownership has invested $2.9M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and significant potential for the next investor to completely round out the community. Built in 1981, 3500 The Vine offers an excellent opportunity to acquire a repositioned asset in a high-growth submarket with proven value-add upside.
...
Sold
3500 The Vine
508 Units
3500 Peachtree Corners Circle
Peachtree Corners, GA  30092
Type: Conventional
Closed: 11/21/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 64-unit Salem Chase apartment community located in Conyers, Georgia. This asset is situated in Rockdale County along East Atlanta’s path of progress, which is fueled by easy access throughout Metro Atlanta via I-20. The strong industrial East Side job market has resulted in excellent rent growth in the submarket. Built in 2006, Salem Chase offers an outstanding opportunity to invest in a solid-performing asset with value-add upside.
...
Sold
Salem Chase
64 Units
50 Salem Chase Drive
Conyers, GA  30013
Closed: 11/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Estates at Barrington apartment community located in Macon, Bibb County, Georgia. This asset is situated in the charming Barrington Hall community in Northwest Macon, desirable for its unique neighborhood setting paired with excellent access to the market’s finest retail corridors. Macon’s excellent apartment market fundamentals have made way for proven value-add renovation strategies as well as new development that is raising the rent ceiling for the Class A market. Built in 1995, Estates at Barrington Hall arrives generously amenitized and in prime condition to benefit from an aggressive value-add strategy with potential to increase potential annual income by more than $333K.
...
Sold
Estates at Barrington
176 Units
301 Barrington Hall Drive
Macon, GA  31210
Type: Conventional
Closed: 11/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Shoreham apartment community located in Albany, Dougherty County, Georgia. This asset is situated in the desirable Northwest Albany area along arterial corridor, Dawson Road, which quickly connects residents to the market’s premier retail and major job hubs. Built in 1968, Shoreham represents an outstanding opportunity to invest in a moderately renovated, value-add primed asset, poised to benefit from several new jobs coming in the next 12 months, including a brand new hospital (350 jobs) and Georgia-Pacific’s new lumber plant (230 jobs).
...
Sold
Shoreham
176 Units
2001 Dawson Road
Albany, GA  31707
Type: Conventional
Closed: 11/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 70-unit Salem Terrace apartment community located in Covington, Georgia in eastern suburban Atlanta. Newton County is strategically located along East Atlanta’s prolific I-20 corridor. The strong east side manufacturing base has resulted in excellent submarket fundamentals. Built in 1977, Salem Terrace has proven value-add upside and represents an outstanding investment opportunity.
...
Sold
Salem Terrace
70 Units
3400 Salem Road
Covington, GA  30209
Type: Conventional
Closed: 11/7/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky are excited to present the exclusive listing of the 300-unit Axis on Lexington community in Louisville, Jefferson County, Kentucky. Completed in November 2017 and representing the ultimate in downtown living, Axis on Lexington is embedded in one of Louisville’s trendiest urban neighborhoods. With Louisville catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Population is projected to expand 20% by 2040, while jobs are projected to increase by nearly 10% by 2022. Axis on Lexington will be able to capitalize on this growth and provides investors a rare opportunity to own one of Louisville’s newest assets.
...
Sold
Axis on Lexington
300 Units
303 Axis Drive
Louisville, KY  40206
Type: Conventional
Closed: 10/22/2019
Sold
The Monterra
256 Units
13401 Legendary Drive
Austin, TX  78727
Type: Conventional
Closed: 10/21/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Ashberry apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, this 117-unit asset benefits from close-in access to all of Atlanta’s major employment hubs via I-285 and I-20. This is an outstanding opportunity to invest in a solid-performing asset with market-supported value add in a high-growth submarket.
...
Sold
The Ashberry
117 Units
3760 Flat Shoals Road
Decatur, GA  30034
Closed: 10/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Fields Lake Lanier and The Fields McEver, two apartment communities in Gainesville, Hall County, Georgia encompassing the Gainesville Value-Add Portfolio. Situated less than three miles from I-985 and two miles from one another, the subjects enjoy close proximity to quality retail and employment. Built in 2001 and 2004 as LIHTC communities, these two assets arrive with massive value-add potential. This portfolio represents an outstanding opportunity to establish a strong platform in the Gainesville-Hall County MSA, one of the top 50 fastest growing areas in the United States.
...
Sold
Gainesville Value-Add Portfolio (2 properties, 335 units)
The Fields Lake Lanier
115 Units
150 Orchard Brook Drive
Gainesville, GA  30504
Closed: 10/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Fields Lake Lanier and The Fields McEver, two apartment communities in Gainesville, Hall County, Georgia encompassing the Gainesville Value-Add Portfolio. Situated less than three miles from I-985 and two miles from one another, the subjects enjoy close proximity to quality retail and employment. Built in 2001 and 2004 as LIHTC communities, these two assets arrive with massive value-add potential. This portfolio represents an outstanding opportunity to establish a strong platform in the Gainesville-Hall County MSA, one of the top 50 fastest growing areas in the United States.
...
Sold
Gainesville Value-Add Portfolio (2 properties, 335 units)
The Fields McEver
220 Units
1240 Vineyard Way
Gainesville, GA  30504
Closed: 10/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 232-unit 464 Bishop apartment community in the affluent Loring Heights, Buckhead’s southernmost neighborhood. Completed in 2017, this top-of-market urban infill midrise represents an impressive long-term hold opportunity due to the unwavering job growth in Midtown and new commercial development in West Midtown. Strategically rooted in Loring Heights, surrounded by game-changing development, and the emergence of the westside Beltline positions 464 Bishop to continue driving rents. The recently stabilized 464 Bishop has demonstrated substantial effective rent growth and concession burn-off through the fourth quarter of 2018, demonstrating the unlimited long-term asset appreciation.
...
Sold
464 Bishop
232 Units
464 Bishop Street
Atlanta, GA  30318
Type: Conventional
Closed: 10/16/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The George & The Leonard, two premier apartment communities in the rapidly-expanding Memorial Drive corridor of Atlanta’s Eastside submarket. Completed in 2017 and 2015, Urban Realty Partners consistently delivers institutional quality product in rapidly evolving locations. The properties are complemented by their own 11,581 SF of boutique retail and are also strategically positioned along Memorial Drive and integrated with Atlanta’s BeltLine Trail connecting The George & The Leonard to the city’s most powerful amenities. The properties boast established transit-oriented locations via immediate proximity to the King Memorial Marta Station. Furthermore, The George & The Leonard’s Memorial Drive location provides direct connectivity to Midtown and Downtown, Atlanta’s major hubs for jobs and culture.
...
Sold
The George & The Leonard (2 properties, 217 units)
The George
132 Units
275 Memorial Drive SE
Atlanta, GA  30312
Type: Conventional
Closed: 10/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The George & The Leonard, two premier apartment communities in the rapidly-expanding Memorial Drive corridor of Atlanta’s Eastside submarket. Completed in 2017 and 2015, Urban Realty Partners consistently delivers institutional quality product in rapidly evolving locations. The properties are complemented by their own 11,581 SF of boutique retail and are also strategically positioned along Memorial Drive and integrated with Atlanta’s BeltLine Trail connecting The George & The Leonard to the city’s most powerful amenities. The properties boast established transit-oriented locations via immediate proximity to the King Memorial Marta Station. Furthermore, The George & The Leonard’s Memorial Drive location provides direct connectivity to Midtown and Downtown, Atlanta’s major hubs for jobs and culture.
...
Sold
The George & The Leonard (2 properties, 217 units)
The Leonard
85 Units
301 Memorial Drive
Atlanta, GA  30312
Type: Conventional
Closed: 10/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Vistana, a striking 247-unit apartment tower in downtown San Antonio, Texas. As San Antonio’s only residential highrise, this marquee asset is primed to benefit from the city’s nationally-leading population growth and its location in the top state for business. High-profile corporate relocations and expansions, coupled with catalytic local developments such as the San Pedro Creek Culture Park and Alameda Theater restoration, continue to fan San Antonio’s unprecedented downtown revitalization. Further, investors will appreciate immediate investment upside via moderate interior upgrades and amenity enhancements. Overall, The Vistana represents a markedly rare opportunity to acquire the most prominent San Antonio multifamily asset at significantly below replacement cost value.
...
Sold
The Vistana
247 Units
100 N Santa Rosa Street
San Antonio, TX  78207
Type: Conventional
Closed: 10/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Ellis, a timeless apartment community located in Savannah, GA. Completed in 2019, The Ellis represents a rare opportunity to acquire one of Savannah’s only fully-amenitized, true Class A multifamily assets near Downtown. The property’s strategic market position provides a compelling value proposition with direct connectivity to a plethora of retail, dining, and entertainment, as well as convenient access to the barrier islands. The Ellis will directly benefit from Savannah’s continued population and job growth, as well as the city’s prolific economic impact on Georgia and the nation.
...
Sold
The Ellis
235 Units
3 Woodcock Road
Savannah, GA  31404
Type: Conventional
Closed: 10/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 220-unit Hickory Falls apartment community located in Villa Rica, Carroll County, Georgia. The asset’s position just southwest of the GA-61/I-20 interchange offers it access to all of Atlanta’s major job hubs, including more than 88M SF of industrial space. Limited apartment supply in Carroll County has created a solid apartment market and is driving strong performance at the property. With strong demand for high-end finishes and proven value-add within its competitive set, Hickory Falls is primed for repositioning with nearly 100% classic units.
...
Sold
Hickory Falls
220 Units
801 Hickory Level Road
Villa Rica, GA  30180
Type: Conventional
Closed: 9/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 172-unit The Terraces & Highbury Court apartment communities located in south metropolitan Atlanta, Fulton County, Georgia. Strategically situated less than two miles northeast of Hartsfield-Jackson International Airport, these assets benefit from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1969 with some of the largest units in the submarket, The Terraces & Highbury Court offer an outstanding opportunity to invest in strong performing assets with untapped value-add potential.
...
Sold
The Terraces & Highbury Court
172 Units
50 Mount Zion Road
Atlanta, GA  30354
Closed: 9/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 90-unit Chastain Woods apartment community located in south metropolitan Atlanta, Fulton County, Georgia. Strategically situated six miles northwest of Hartsfield-Jackson International Airport, this asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1973, Chastain Woods boasts the largest floor plans in the submarket (1,333 Avg. SF), and is a consistently well-occupied asset with proven value-add potential.
...
Sold
Chastain Woods
90 Units
2929 Landrum Drive
Atlanta, GA  30311
Type: Conventional
Closed: 9/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 268-unit Sugarloaf Trails apartment community located in Duluth, Gwinnett County, GA. Gwinnett County is one of Atlanta's top growth corridors with roughly 53% population growth since 2000. Despite the impressive growth, Gwinnett County's apartment market has been extremely under-supplied, delivering 4.8K since 2010, a catalyst for continued rent growth. Additionally, Gwinnett County has more than $2B worth of developments under construction. Three of the largest developments (118-acre Revel entertainment district, Infinite Energy expansion, and 110-acre Legacy Park) are in the Sugarloaf Corridor, further propelling rent growth. Sugarloaf Trails presents the opportunity to acquire a true value-add investment in a thriving location.
...
Sold
Sugarloaf Trails
268 Units
2255 Satellite Boulevard
Duluth, GA  30136
Type: Conventional
Closed: 9/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 486-unit Parkside at Camp Creek apartment community located in south metropolitan Atlanta, Fulton County, Georgia. Strategically situated less than three miles west of Hartsfield-Jackson International Airport, this asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1970, Parkside at Camp Creek offers an outstanding opportunity to invest in a strong-performing asset with proven value-add potential.
...
Sold
Parkside at Camp Creek
486 Units
4031 7 Oaks Lane SW
East Point, GA  30344
Type: Conventional
Closed: 9/10/2019