The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 84-unit Park South duplex community located in Augusta, Richmond County, Georgia. This asset is situated in south Augusta, close to major retail and restaurant corridors as well as immediate access, via I-520, to over 50K Downtown employment opportunities and 25K Fort Gordon jobs. Built in 1950, Park South has received over $1.35M in capex injected into the property including roof repair/replacement, landscaping, leasing office remodel and interior upgrades. The asset provides an outstanding opportunity to invest in a proven value-add asset, as the property is currently achieving rent premiums of $125 on renovated units.
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Park South
84 Units
2907 Jackson Street
Augusta, GA  30906
Type: Conventional
Closed: 3/12/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Lullwater at Blair Stone, a 244-unit apartment community with top quality interior finishes and luxury amenities, strategically located in Tallahassee, Florida’s capital city. This asset is well positioned to benefit from the steadily growing employment base supported by acclaimed educational institutions, medical facilities, and a government presence. Located ten minutes southeast of Downtown, Lullwater at Blair Stone has quick access to the entire city, as well as being surrounded by a surplus of lifestyle amenities including diverse retail, numerous golf courses, and multiple recreational attractions. Furthermore, Lullwater at Blair Stone has proven out the ability to burn-off all concessions upon stabilization, providing the foundation for continued market rent growth as the asset has already demonstrated 2.5%+ growth since September.
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Lullwater at Blair Stone
244 Units
3501 N Blair Stone Road
Tallahassee, FL  32301
Type: Conventional
Closed: 3/4/2021
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 Arlington
188 Units
30 Grosslake Parkway
Covington, GA  30016
Type: Conventional
Closed: 2/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 86-unit Glen Abbey apartment community located in southwest metropolitan Atlanta, Fulton County, Georgia. This asset, superbly situated within a newly designated Federal Qualified Opportunity Zone, is 5 miles northwest of Atlanta's burgeoning aerotropolis industrial district, 5 miles southeast of Fulton Industrial District, and 5 miles west of Tyler Perry Studios, the largest film production studio in the nation. Built in 1970, Glen Abbey offers an outstanding opportunity to invest in a multifamily property with proven value-add potential.
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Glen Abbey
86 Units
3350 Mount Gilead Road
Atlanta, GA  30311
Type: Conventional
Closed: 2/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 238-unit, 555-bed Independence Place apartment community located in Columbus, Muscogee County, Georgia. This asset is situated just outside of Fort Benning in southeast Columbus. Built in 2008, Independence Place offers an outstanding opportunity to invest in the only purpose built military housing in Columbus. Located in Georgia’s second largest city, Fort Benning supports the region with an annual impact of more than $4B.
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Independence Place
238 Units | 555 Beds
1534 Antietam Drive
Columbus, GA  31907
Closed: 2/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 298-unit Reserve at 1200 & 1404 apartment communities are located in Albany, Dougherty County, Georgia. These assets are situated in the desirable Northwest Albany area along arterial corridor, Whispering Pines Rd, which quickly connects residents to the market’s premier retail and major job hubs. Built in 1979, Reserve at 1200 & 1404 represent 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). *This portfolio is operated by a special servicer.
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Reserve at 1200 & 1404
298 Units
1404 Whispering Pines Rd & 1200 Kingtown Ct
Albany, GA  31707
Type: Conventional
Closed: 1/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit Waterford Place at Mt. Zion apartment community located in Stockbridge, Metro Atlanta, GA. This asset is situated in one of the nation’s leading counties for multifamily rent growth throughout the pandemic, Clayton County, currently ranked 10th in the U.S. The area’s growth is propelled by a surge in jobs and industrial growth, making the area a prominent manufacturing and logistics hub. With few interior renovations completed, there is an excellent opportunity to dramatically increase rents through an interior value-add program. Built in 1995 & 2005, Waterford Place at Mt. Zion represents an outstanding opportunity to invest in a significant value-add asset in one of the nation’s fastest growing counties.
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Waterford Place at Mt. Zion
400 Units
3196 Mount. Zion Road
Stockbridge, GA  30282
Type: Conventional
Closed: 1/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 272-unit Veridian at Sandy Springs apartment community located in Sandy Springs, Fulton County, GA. Fronting Roswell Road, Veridian at Sandy Springs is situated within Atlanta’s affluent North Fulton submarket, one of Atlanta’s largest employment bases and corporate office markets. The property underwent an extensive renovation in 2013-2014 and is now primed for a light value-add program. Thanks to high barriers to entry in the submarket, there is also limited new multifamily development in the area. Built in 1980, The Veridian at Sandy Springs represents an outstanding opportunity to invest in a value-add opportunity in a high-barriers submarket with limited new supply.
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Veridian at Sandy Springs
272 Units
1800 Windridge Drive
Atlanta, GA  30350
Type: Conventional
Closed: 1/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Oak Hollow apartment community located in Longview, Gregg County, Texas. This asset is situated in the desirable Loop 281 corridor of North Longview. Being positioned amid the city's path of growth, residents at the property enjoy superb access to top employers and retail. Built in 1979, Oak Hollow offers an outstanding opportunity to invest in a well-maintained asset with an excellent operations trend, and a proven value-add program.
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Oak Hollow
200 Units
2601 Bill Owens Pkwy
Longview, TX  75604
Type: Conventional
Closed: 1/12/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listings of the 344-unit Brookview and Centerview Terrace apartment communities located in Douglasville and Smyrna, Georgia. These assets are each embedded in desirable retail, and situated off prominent corridors and proximate to numerous employment drivers. Built in 1967 & 1968, Brookview and Centerview Terrace offer outstanding opportunities to invest in textbook value-add assets in growing northwest suburban Atlanta.
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Brookview & Centerview Terrace (2 properties, 344 units)
Brookview
216 Units
8460 Hospital Drive
Douglasville, GA  30134
Type: Conventional
Closed: 1/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listings of the 344-unit Brookview and Centerview Terrace apartment communities located in Douglasville and Smyrna, Georgia. These assets are each embedded in desirable retail, and situated off prominent corridors and proximate to numerous employment drivers. Built in 1967 & 1968, Brookview and Centerview Terrace offer outstanding opportunities to invest in textbook value-add assets in growing northwest suburban Atlanta.
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Brookview & Centerview Terrace (2 properties, 344 units)
Centerview Terrace
128 Units
2300 Benson Poole Road
Smyrna, GA  30082
Type: Conventional
Closed: 12/29/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
Brighton Park
200 Units
9000 Watson Boulevard
Byron, GA  31095
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 76-unit Harvest Oak apartment community located five miles west of Downtown Atlanta in Fulton County, Georgia. This close-in infill asset is situated in rapidly developing Westside Atlanta - a swiftly evolving employment and entertainment hub with unparalleled access to all of Atlanta's major job centers. Built in 1960, Harvest Oak offers a well-located asset in a burgeoning district of the City with proven value-add potential.
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Harvest Oak
76 Units
2948 Delmar Lane NW
Atlanta, GA  30311
Closed: 12/22/2020
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The Monroe
223 Units
2511 Montopolis Drive
Austin, TX  78741
Type: Conventional
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 690-unit Park at Hurstbourne apartment community located in Louisville, Jefferson County, Kentucky. Louisville’s strong economic drivers are expected to see 40% employment growth over the next ten years. The asset’s excellent micro-location provides easy connectivity to major employers, including GE Appliance Park, home to over 6,500 jobs. Park at Hurstbourne has a superior amenity package that includes indoor and outdoor pools, an indoor basketball court and outdoor sports court, and a newly renovated clubhouse. Further, there is room to push rents through a tested interior value-add scenario. The property’s elite amenity package paired with an interior value-add scenario will propel the asset to the top of its submarket.
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The Park at Hurstbourne
690 Units
6000 Big Ben Drive
Louisville, KY  40291
Type: Conventional
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
Villas at Lawson Creek
202 Units
9159 Asheville Highway
Boiling Springs, SC  29316
Type: Conventional
Closed: 12/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
The Lexington
190 Units
2620 Lejuene Drive
Biloxi, MS  39531
Type: Conventional
Closed: 12/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 500-unit University Oaks apartment community located in Athens, Clarke County, Georgia. This asset is situated in the highly sought-after area of West Athens, characterized by its easy access to premier retail (Fresh Market, Chick-fil-a, Starbucks and Target) as well as Downtown. Centrally located within 5 minutes of Athens’ core economic drivers providing access to nearly 15k jobs; including University of Georgia, St. Mary’s Healthcare, and Piedmont Athens Regional Hospital. Built in 1965, University Oaks represents an outstanding opportunity to invest in a proven value-add asset located in one of the state’s most fundamentally desirable markets.
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University Oaks
500 Units
2360 West Broad Street
Athens, GA  30606
Type: Conventional
Closed: 11/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 91-unit Riverwood Park apartment community located 57 miles northwest of downtown Atlanta in Floyd County, Georgia. This asset is strategically-located amidst all of Rome's three-prong employment drivers (education, healthcare, and manufacturing). Built in 1998, Riverwood Park benefits from a successful in-place value-add campaign, and represents a clear-cut opportunity to invest in a quality built asset with significant room for revenue growth.
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Riverwood Park
91 Units
525 West 13th Street
Rome, GA  30165
Type: Conventional
Closed: 11/16/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit The Carolina & Britain Village apartment communities located in Lawrenceville, Gwinnett County, Georgia. These assets are less than 8 miles from each other and are desirably positioned off I-85/GA-316, along the thriving I-85 northeast Atlanta corridor. Since acquisition, current ownership has invested $440K in capital improvements. Built in 1970 and 1986, The Carolina & Britain Village represent a clear-cut opportunity to invest in heavily demanded assets primed for a value-add campaign, creating significant room for revenue growth for the next investor.
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The Carolina & Britain Village (2 properties, 150 units)
Britain Village
68 Units
1271 Britain Drive
Lawrenceville, GA  30044
Type: Conventional
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 264-unit Live Oak Trace apartment community located in Denham Springs (Baton Rouge), Livingston Parish, LA. This asset is situated in the desirable region of northeast Baton Rouge, an economy driven by healthcare, petrochemical, education, state government and a vibrant port along the Mississippi River. New ownership can achieve significant rental premiums through a modernization of the amenity package and interior finishes. Built in 2002, Live Oak Trace represents an outstanding opportunity to invest in a proven value-add asset in a recession proof, high-growth market.
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Live Oak Trace
264 Units
7615 Magnolia Beach Road
Baton Rouge, LA  70726
Type: Conventional
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit The Carolina & Britain Village apartment communities located in Lawrenceville, Gwinnett County, Georgia. These assets are less than 8 miles from each other and are desirably positioned off I-85/GA-316, along the thriving I-85 northeast Atlanta corridor. Since acquisition, current ownership has invested $440K in capital improvements. Built in 1970 and 1986, The Carolina & Britain Village represent a clear-cut opportunity to invest in heavily demanded assets primed for a value-add campaign, creating significant room for revenue growth for the next investor.
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The Carolina & Britain Village (2 properties, 150 units)
The Carolina
82 Units
215 Paper Mill Road
Lawrenceville, GA  30046
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 58-unit Madison Village apartment community located in northwest suburban Atlanta, in Smyrna, Georgia. This is a well-located asset on Atlanta Rd. right across from Dobbins Air Reserve Base, and sandwiched between S.Cobb Dr. and Cobb Pkwy - two prominent Cobb County corridors. Built in 1969, the timing is right to begin an updated round of upgrades at Madison Village to further boost performance in an affluent submarket with consistently high demand.
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Madison Village
58 Units
1870 Atlanta Road
Smyrna, GA  30080
Closed: 11/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listings of Shannon Chase and Hidden Lake, two apartment communities in Union City, Fulton County, Georgia. Located less than 3 miles from each other, and strategically situated between 5-7 miles southwest of Hartsfield-Jackson International Airport, these assets benefit from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in the mid-1980s, Shannon Chase and Hidden Lake arrive with massive value-add potential.
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Shannon Chase & Hidden Lake (2 properties, 476 units)
Hidden Lake
320 Units
4050 Morgan Road
Union City, GA  30291
Type: Conventional
Closed: 11/2/2020