The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 246-unit LIVE Charlestowne & LIVE Cedar Grove apartment communities located in Augusta, Richmond County, Georgia. This portfolio 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 1968 & 1971, respectively, LIVE Charlestowne & LIVE Cedar Grove represent an outstanding opportunity to invest in a proven value-add story with significant upside coupled with the ability to create synergies through economies of scale.
...
Sold
LIVE Augusta Portfolio (2 properties, 246 units)
LIVE Cedar Grove
126 Units
526 Richmond Hill Road
Augusta, GA  30906
Type:  Multifamily
Closed: 8/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 246-unit LIVE Charlestowne & LIVE Cedar Grove apartment communities located in Augusta, Richmond County, Georgia. This portfolio 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 1968 & 1971, respectively, LIVE Charlestowne & LIVE Cedar Grove represent an outstanding opportunity to invest in a proven value-add story with significant upside coupled with the ability to create synergies through economies of scale.
...
Sold
LIVE Augusta Portfolio (2 properties, 246 units)
LIVE Charlestowne
120 Units
2119 Lumpkin Road
Augusta, GA  30906
Closed: 8/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit Springdale Glen apartment community located in northeast metropolitan Atlanta, DeKalb County, Georgia. Residents of the asset are afforded easy access via Stone Mountain Freeway & I-285 to dense cores of quality jobs and upper end retail options. Built in 1973, Springdale Glen offers the most expansive (1,238 avg. SF) units with the lowest rent per SF in the submarket, allowing the next investor to expand upon in-place value-add initiatives. * 94% occupied and 99% leased on 264 units, which does not include 12 fire units.
...
Sold
Springdale Glen
276 Units
3800 Brockett Trail
Clarkston, GA  30021
Type:  Multifamily
Closed: 8/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 278-unit Moss Pointe apartment community located in Savannah, Chatham County, Georgia. Built in 1970, Moss Pointe represents an outstanding opportunity to invest in an asset where further renovations can potentially garner a 22% ROI after completion. Moss Pointe’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
Moss Pointe
278 Units
9400 Abercorn Street
Savannah, GA  31406
Type:  Multifamily
Closed: 8/10/2021

Cushman & Wakefield is pleased to present the opportunity to acquire Parkside at East Village, a Class A, 282-unit, three-story, garden-style apartment community located in Lady Lake, Florida.

...
Sold
Parkside at East Village
282 Units
13765 NE 136th Loop Road
Lady Lake, FL  32159
Closed: 8/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 115-unit Indigo apartment community located in Gainesville, GA. Hall County currently ranks among the nation’s top 50 fastest growing areas, propelled by a surge in new job announcements and developments, including the expansion of the Inland Port. This asset is situated in a desirable Gainesville location, surrounded by major retailers and employers. Over the past 12 months, the asset has experienced a 99% increase in income after undergoing a major renovation program. Built in 2001, Indigo offers an outstanding opportunity to invest in a renovated asset with room to organically increase rents in a strong submarket with an average rent growth of 20% over the past five years.
...
Sold
Indigo
115 Units
150 Orchard Brook Drive
Gainesville, GA  30504
Closed: 8/2/2021
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.
...
Sold
Veridian of Lexington
396 Units
2020 Armstrong Mill Road
Lexington, KY  40515
Type:  Multifamily
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.
...
Sold
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.
...
Sold
The Meridian at Redwine
258 Units
3755 Redwine Road
Atlanta, GA  30344
Type:  Multifamily
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.
...
Sold
Waterleaf at Battery Creek
212 Units
10 Shell Creek Drive
Beaufort, SC  29906
Type:  Multifamily
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.
...
Sold
The Atlantic Sweetwater
200 Units
3525 Club Drive
Lawrenceville, GA  30044
Type:  Multifamily
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.
...
Sold
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.
...
Sold
Somerset at the Crossings
264 Units
100 Summerwalk Parkway
Tucker, GA  30084
Type:  Multifamily
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.
...
Sold
Madison on Mercer
133 Units
3601 Mercer University Drive
Macon, GA  31204
Closed: 7/9/2021
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.
...
Sold
Upland Townhomes
348 Units
6850 Mableton Parkway
Mableton, GA  30126
Type:  Multifamily
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).
...
Sold
Avalon on Montreal
168 Units
1086 Montreal Road
Clarkston, GA  30021
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.
...
Sold
Chestnut Ridge
128 Units
8686 Coy Avenue
Baton Rouge, LA  70810
Type:  Multifamily
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.
...
Sold
Legacy Value-Add Duo (2 properties, 250 units)
Legacy at Lanier
150 Units
1750 Columns Drive
Gainesville, GA  30504
Type:  Multifamily
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.
...
Sold
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.
...
Sold
Legacy Value-Add Duo (2 properties, 250 units)
Legacy at Norcross
100 Units
1012 Harbins Road
Norcross, GA  30093
Type:  Multifamily
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.
...
Sold
Timberland
176 Units
10612 Abercorn Extension
Savannah, GA  31419
Type:  Multifamily
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.
...
Sold
Reign Living at the Stadium
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.
...
Sold
Caroline
237 Units
99 Westedge Street
Charleston, SC  29403
Type:  Multifamily
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.
...
Sold
The Centre at Peachtree Corners
272 Units
3325 Holcomb Bridge Road
Peachtree Corners, GA  30092
Type:  Multifamily
Closed: 5/20/2021