The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 444-unit Creekside Corners apartment community located in southeast metro Atlanta, DeKalb County, GA. Immersed in an active commercial, distribution, and medical district, the asset is situated within the city of Stonecrest (est. 2017) along the I-20 East connector just east of I-285. Historically, DeKalb County has seen tremendous rent growth due to a limited development pipeline and high workforce demand. With 382 units minimally renovated, a new owner can renovate all 444 units to an elite level to create significant upside. Built in 2001, Creekside Corners represents an outstanding opportunity to invest in a strong performing asset with true value-add potential in the under-supplied Southeast DeKalb submarket.
...
Sold
Creekside Corners
444 Units
5301 W. Fairington Parkway
Stonecrest, GA  30038
Type:  Multifamily
Closed: 12/16/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 265-unit Thayer Point apartment community located in Killeen, Bell County, Texas. This asset is situated a few miles from I-35 in the strategically-positioned Killeen/Fort Hood submarket of the Killeen-Temple-Fort Hood MSA in thriving Central Texas. Built in 2019, Thayer Point represents an outstanding opportunity to invest in a premium asset that possesses immediate organic rent growth potential located within a robust submarket.
...
Sold
Thayer Point
266 Units
5002 Thayer Drive
Killeen, TX  76549
Type:  Multifamily
Closed: 12/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Riverworks, a 306-unit luxury apartment community located in Savannah, GA. Riverworks represents a rare opportunity to acquire a high-quality, trophy asset anchored by the Savannah River and Savannah’s celebrated Historic District. Savannah’s exceptional job market and continued population growth will continue to support Riverworks as the premier asset. The property is strategically located in the $600M+ Eastern Wharf mixed-use development and will directly benefit from its curated retail, waterfront walkability, and immediate proximity to boutique restaurants and bars. Riverworks has proven its desirability through impressive leasing velocity of 35 net leases per month since June while raising market rents 7% in the same period.
...
Sold
Riverworks
306 Units
301 Passage Way
Savannah, GA  31401
Type:  Multifamily
Closed: 12/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit Stonecreek on the Green apartment community located in Snellville, Gwinnett County, GA. This asset is situated just 9 minutes from the new 3M SF Amazon Fulfillment Center, in thriving Gwinnett County. New economic developments fueling population, paired with limited multifamily supply in the submarket, are excelling property performance. New leases are currently being signed at 29% over the rent roll. With 107 classic units and 43 lightly renovated units at the property, a new owner can complete a full value-add program to increase income. Built in 2003, Stonecreek on the Green offers an outstanding opportunity to invest in a well-performing institutional property in Gwinnett County with significant value-add upside.
...
Sold
Stonecreek on the Green
150 Units
3974 Annistown Road
Snellville, GA  30039
Type:  Multifamily
Closed: 12/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Village at Apison Pike, a 248- unit, 2015-built apartment community located in Ooltewah, TN. The community is situated in the rapidly expanding Ooltewah, a suburb of Chattanooga, located minutes from the Volkswagen 1,400 acre production facility, 1M SF Amazon distribution center, as well as several major retail corridors. Coupled with strong demographics and high demand for a quality asset, property performance has excelled as recent leases are currently achieving 20% higher than in-place rents while maintaining an average occupancy north of 95%.
...
Sold
Village at Apison Pike
248 Units
8605 Tradewind Circle
Ooltewah, TN  37363
Type:  Multifamily
Closed: 12/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Metro apartment community located in northwest suburban Atlanta, Cobb County, GA. This well-located asset is situated in the Platinum Triangle office district with over 42M SF of office space and home to major employers, such as Home Depot HQ and new Papa Johns HQ. The Metro benefits from a top live-work-play destination, surrounded by Truist Park and The Battery, Heritage Pavilion retail center and several recreational trails. The Metro has undergone a full interior renovation program and amenity upgrades, offering top-of-the-market product. Built in 1983 and renovated in 2017, The Metro represents an outstanding opportunity to invest in a turn-key asset located in a flourishing submarket with high rent growth. A new owner can create ancillary income by improving upon existing space at the property.
...
Sold
The Metro
200 Units
1500 Parkwood Circle
Atlanta, GA  30339
Closed: 12/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Largo Pointe apartment community located in Savannah, Chatham County, Georgia. This asset is situated in the rapidly-expanding, Colonial Village Submarket of Savannah. Built in 1969, Largo Pointe represents outstanding opportunity to invest in an asset where renovations can potentially garner a 35% ROI after completion. Largo Pointe offers unmatched access to Savannah’s major employers and retail, which has recently been enhanced by major infrastructure improvements, fueling its recent population growth and rapidly rising incomes.
...
Sold
Largo Pointe
232 Units
12409 Largo Drive
Savannah, GA  31419
Type:  Multifamily
Closed: 12/8/2021
The Cushman & Wakefield Sunbelt 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. This asset is situated in the bustling north central perimeter of Atlanta, the Sunbelt’s largest central business district and Atlanta’s largest healthcare presence. Built in 1981, with condominium level features and some of the largest floor plans in the submarket, The Reserve at Ridgewood benefits from Sandy Springs’ skyrocketing rent levels and consistently high demand. The property arrives at market primed for immediate and future returns through proven value add implementation and outsized organic rent growth.
...
Sold
The Reserve at Ridgewood
269 Units
7100 Roswell Road NE
Sandy Springs, GA  30328
Type:  Multifamily
Closed: 12/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Liberty Club, a 240-unit, 2020-built apartment community located in Hinesville, GA. Liberty Club is a high cash flowing asset with strong property performance that has seen continual rental increases since delivery at the beginning of 2020. Recent leases are achieving 30% higher than current in-place rents and are continuing to rise. As Hinesville residents continue to look for luxury, the demand for high quality assets coupled with the lack of recent multifamily developments has propelled such rental increase. In addition to strong property performance, Liberty Club is strategically located only 2 miles from Fort Stewart, walking distance from grocery and restaurants and minutes away from Hwy-84 providing quick access to Richmond Hill and Savannah.
...
Sold
Liberty Club
240 Units
915 E General Stewart Way
Hinesville, GA  31313
Type:  Multifamily
Closed: 11/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Views at Jacks Creek apartment community located in Snellville, Gwinnett County, GA. This asset is situated in the rapidly-expanding Gwinnett County, which has seen substantial growth and will continue to flourish as new developments move to this area. One new development is an Amazon Fulfillment Center five miles from the property, expected to create over 1,000 jobs in the area. Within a three-mile radius of this asset, there is more than 5M SF of office space, creating a pent-up demand for housing. Phase I was built in 1987 and consists of 40 units, while Phase II was built in 1997 and consists of 216 units. Currently occupied at 98%, the current owner is signing new leases on renovated units at an average $271 above current in-place rents. A new owner can create additional income by continuing to sign leases at these rates by renovating all units to the premium finish level. Views at Jacks Creek represents an outstanding opportunity to invest in a textbook value-add in the flourishing Gwinnett County submarket.
...
Sold
Views at Jacks Creek
256 Units
2300 Country Walk
Snellville, GA  30039
Type:  Multifamily
Closed: 11/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is honored to present the exclusive listing of 565 Hank, a truly rare multifamily asset primed for continued growth. The property is strategically situated at the epicenter of Atlanta’s transformative Turner Field redevelopment in Summerhill Atlanta. An irreplaceable location coupled with the developer’s acute demand for flawless quality position the asset for long-term sustainability. Also, Memorial Drive’s expansion, Downtown’s pressure, and the Southside BeltLine’s momentum surround and fuel Summerhill’s evolution. Furthermore, 565 Hank has demonstrated exceptional leasing velocity of 50+ units per month since the beginning of July.
...
Sold
565 Hank
306 Units
565 Hank Aaron Drive
Atlanta, GA  30312
Closed: 11/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Glenwood Vista at Eagle's Landing apartment community located in Stockbridge, Henry County, Georgia. This asset is situated in rapidly-expanding south metro Atlanta, an area with easy access to interstates and an abundance of industrial, logistics, and manufacturing jobs. Henry County’s economy is growing, and attracted more than 2,600 new jobs and $451M in investments in 2020, with recent announcements by Home Depot and Purple Innovation. Built in 2003, Glenwood Vista at Eagle's Landing offers a rare opportunity to invest in an asset with nearly 100% classic units in one of the top growth submarkets in the entire nation.
...
Sold
Glenwood Vista at Eagle’s Landing
264 Units
10 Glenwood Way
Stockbridge, GA  30281
Type:  Multifamily
Closed: 11/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 115-unit Hanover-Timberlake and Fontainebleu apartment communities located in Fayette County, Lexington, KY. These assets are situated in the desirable Fayette County submarket inside New Circle Road. Located on major road thoroughfares, both properties provide easy access to major retail centers and employment hubs, such as The University of Kentucky and key medical centers. Built in 1970 and family owned for 40+ years, Hanover-Timberlake and Fontainebleu represent an outstanding opportunity to invest in two value-add opportunities with all classic units and minimal ancillary income in a booming submarket with a significant workforce.
...
Sold
Hanover-Timberlake & Fontainebleu (2 properties, 115 units)
Fontainebleu
68 Units
2315 Harrodsburg Road
Lexington, KY  40504
Closed: 11/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 115-unit Hanover-Timberlake and Fontainebleu apartment communities located in Fayette County, Lexington, KY. These assets are situated in the desirable Fayette County submarket inside New Circle Road. Located on major road thoroughfares, both properties provide easy access to major retail centers and employment hubs, such as The University of Kentucky and key medical centers. Built in 1970 and family owned for 40+ years, Hanover-Timberlake and Fontainebleu represent an outstanding opportunity to invest in two value-add opportunities with all classic units and minimal ancillary income in a booming submarket with a significant workforce.
...
Sold
Hanover-Timberlake & Fontainebleu (2 properties, 115 units)
Hanover-Timberlake
47 Units
848 Malabu Drive
Lexington, KY  40502
Closed: 11/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 376-unit Greentree and Marsh Cove, located in Savannah, Chatham County, Georgia. Built in 1983-1984, the Portfolio represents an outstanding opportunity to invest in an asset with primarily classic units where a complete renovation program can potentially garner a 23% ROI after completion. The Portfolio’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. The recently announced Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further adding to Savannah’s explosive development and job growth.
...
Sold
Greentree & Marsh Cove (2 properties, 376 units)
Greentree
188 Units
10725 Abercorn Extension
Savannah, GA  31419
Type:  Multifamily
Closed: 11/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 376-unit Greentree and Marsh Cove, located in Savannah, Chatham County, Georgia. Built in 1983-1984, the Portfolio represents an outstanding opportunity to invest in an asset with primarily classic units where a complete renovation program can potentially garner a 23% ROI after completion. The Portfolio’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. The recently announced Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further adding to Savannah’s explosive development and job growth.
...
Sold
Greentree & Marsh Cove (2 properties, 376 units)
Marsh Cove
188 Units
11400 White Bluff Road
Savannah, GA  31419
Type:  Multifamily
Closed: 11/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Two Blocks, a 400-unit multifamily community in one of Atlanta’s most affluent submarkets. The property is strategically positioned in Dunwoody, a desirable, first-ring suburban submarket with extremely high barriers to entry. The stage is set for continued growth with the asset’s ideal location adjacent to Central Perimeter and Pill Hill - the Sunbelt’s largest central business district and Atlanta’s largest healthcare presence, respectively. Two Blocks is 100% leased and is experiencing exceptional performance trends with 20% organic rent growth on new leases. The property is also primed for substantial upside through the upgrade strategy of fully renovating 228 unrenovated units and also fully renovating 172 partially renovated units.
...
Sold
Two Blocks
400 Units
4000 Dunwoody Park
Dunwoody, GA  30338
Type:  Multifamily
Closed: 11/10/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
...
Sold
Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Collier Hills
120 Units
1760 Northside Drive
Atlanta, GA  30318
Type:  Multifamily
Closed: 11/3/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Greenbriar Commons apartment community located in south Atlanta, Fulton County, Georgia. This asset is strategically-located in the Atlanta aerotropolis region, teaming with industrial and logistics jobs. The 100% LIHTC property is eligible to enter the QC process for decontrol in 2026. The community, built in 1969, features brick-built townhomes with expansive floor plans (1,237 average SF), and offers an outstanding opportunity to acquire a lucrative investment and benefit from impressive rent premiums.
...
Sold
Greenbriar Commons
174 Units
3000 Stone Hogan Connector
Atlanta, GA  30331
Closed: 10/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 198-unit ReNew Peachtree City apartment community located in southwest suburban Atlanta, Fayette County, GA. This asset is situated in the popular Peachtree City community, known for its quality of life, excellent schools, and staunch opposition to multifamily development. The average household income at the property is $90,135, and is $135,714 within a three-mile radius. Built in 1986, ReNew Peachtree City presents a rare opportunity to invest in a cash flowing, value-add asset in a highly desirable submarket. New leases on move ins are being signed at an average increase of 18% over old leases.
...
Sold
ReNew Peachtree City
198 Units
1000 Stevens Entry
Peachtree City, GA  30269
Type:  Multifamily
Closed: 10/29/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
...
Sold
Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Glenwood
254 Units
3939 Glenwood Avenue
Raleigh, NC  27612
Type:  Multifamily
Closed: 10/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 243-unit Fairway View apartment community located in Northeast suburban Atlanta, Gwinnett County, the second largest county in Georgia. With a population expected to reach 1.4 million by 2040, Gwinnett’s I-85 ‘Golden Corridor’ offers quick access to numerous large employers as well as a gateway to all Atlanta’s major thoroughfares. Built in 1974, Fairway View arrives to market in a top submarket, with solid performance, immediate space to push rental rates, and significant value-add upside.
...
Sold
Fairway View
243 Units
3348 Fairway Oaks Drive
Lawrenceville, GA  30044
Type:  Multifamily
Closed: 10/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present The Baxly, a best-in-class apartment community located in Savannah, GA. Completed in 2020, the Baxly represents a rare opportunity to acquire a truly institutional asset in Downtown Savannah with waterfront walkability. This property is strategically positioned next to the newly re-developed Plan Riverside project in Downtown and boasts great visibility and convenient accessibility to nearly 40k jobs, boutique restaurants/bars, as well as the beaches on Tybee Island. The Baxly will directly benefit from Savannah’s continued population and job growth, as well as the constant economic investments into one of Georgia’s fastest growing and urbanizing nodes.
...
Sold
The Baxly CONFIDENTIAL
275 Units
630 Indian Street
Savannah, GA  31401
Type:  Multifamily
Closed: 10/28/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Park Place apartment community located in St. Marys, Camden County, Georgia. This asset is situated along the Georgia Coast in Camden County, a thriving community 32 minutes north of Jacksonville, Florida, and included in the Jacksonville CSA. Park Place is situated near Kings Bay, a highly specialized and stable naval submarine military base that provides 9,000 jobs and a massive $1.1B impact to the region. Built in 1988, Park Place represents a unique opportunity to invest in a proven value-add asset receiving rent premiums of $180, with an ability to capture and garner a 47% ROI.
...
Sold
Park Place
200 Units
11919 Colerain Road
St. Marys, GA  31558
Type:  Multifamily
Closed: 10/27/2021