The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit Lakeside & Lakeview apartment community located in Valdosta, Lowndes County, Georgia. This portfolio is situated in the highly desirable Northeast sector, providing unmatched access to major economic drivers and top retail corridors including Publix, Starbucks, Target, and Home Depot. Built in 1973 & 1980, Lakeside & Lakeview represent an outstanding opportunity to invest in one of Valdosta’s top growth areas as well as a proven value-add story with current renovations achieving premiums of $100+, offering additional upside of $200 premiums with fully elevated units.
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Lakeside & Lakeview (2 properties, 216 units)
Lakeview
24 Units
1817 Northside Drive
Valdosta, GA  31602
Closed: 12/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 484-unit Park at Abernathy Square apartment community located in Sandy Springs, Fulton County, GA. Situated on Roswell Road, just off of GA-400, the property is located in one of Atlanta’s largest employment hubs with over 35M SF of office space and 600+ tech companies in Central Perimeter. Due to limited new multifamily development, the Sandy Springs submarket has experienced consistently high demand and skyrocketing rent growth. With $17M invested in the asset, Park at Abernathy Square underwent a heavy repositioning program and now boasts luxury interior finishes and top-of-the-market amenities. The property has seen tremendous rent growth on recent leases. Built in 1977 by Post Properties, and nearly fully renovated, the property offers an outstanding opportunity to invest in a turn-key asset in the affluent Sandy Springs submarket.
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Park at Abernathy Square
484 Units
6925 Roswell Road
Sandy Springs, GA  30328
Type: Conventional
Closed: 12/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Generation, a 336-unit luxury high-rise apartment community located in Atlanta, Georgia. Generation is surrounded by growing job hubs including: Midtown (109K Jobs) and Downtown (125K Jobs). This Core asset’s prime location also provides immediate access to I-75 and I-85 as well as Atlanta’s top sports and entertainment destinations such as The Atlanta BeltLine, Old Fourth Ward, Centennial Yards, Mercedes-Benz Stadium, and State Farm Arena. In 2021, Generation experienced incredible leasing velocity with 38 leases per month while increasing rents by $252.
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Generation Atlanta
336 Units
369 Centennial Olympic Park Drive
Atlanta, GA  30313
Type: Conventional
Closed: 12/20/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are excited to present the exclusive listing of the 331-unit Baton Rouge Portfolio (The Addison and The High Grove). The properties are poised for significant appreciation due to being located in one of Baton Rouge’s best performing submarkets, featuring premier retail and upscale demographics. Within a 1-mile radius of the property, the average household income is $117K. The property is adjacent to the new $116M Ochsner Medical Complex inside of The Grove that opened in 2019. Further, Ochsner announced a new $6.8M pediatric clinic at The Grove that will be 20K+ SF. Built in 2013 and 2016, The Addison and The High Grove feature best-in-class amenities and high-end interior finishes. There is a clear demand and appreciation for a quality amenity package and upgraded finishes in Baton Rouge.
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The Addison & The High Grove (2 properties, 331 units)
The Addison
139 Units
10231 The Grove Boulevard
Baton Rouge, LA  70836
Closed: 12/17/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are excited to present the exclusive listing of the 331-unit Baton Rouge Portfolio (The Addison and The High Grove). The properties are poised for significant appreciation due to being located in one of Baton Rouge’s best performing submarkets, featuring premier retail and upscale demographics. Within a 1-mile radius of the property, the average household income is $117K. The property is adjacent to the new $116M Ochsner Medical Complex inside of The Grove that opened in 2019. Further, Ochsner announced a new $6.8M pediatric clinic at The Grove that will be 20K+ SF. Built in 2013 and 2016, The Addison and The High Grove feature best-in-class amenities and high-end interior finishes. There is a clear demand and appreciation for a quality amenity package and upgraded finishes in Baton Rouge.
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The Addison & The High Grove (2 properties, 331 units)
The High Grove
192 Units
10222 The Grove Boulevard
Baton Rouge, LA  70836
Type: Conventional
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 384-Unit Louisville Value-Add duo located in Jefferson County, Louisville Kentucky. Located on major road thoroughfares, both properties provide easy connectivity to major employers such as GE Appliance Park, UPS WorldPort and Louisville’s Health District. Further, Tymberwood Trace and University Park are surrounded by retail and regional access to Downtown Louisville. With minimal upgrades done at each property, this portfolio offers significant value-add opportunity through an interior renovation program. Built in 1987 and 1986, Tymberwood Trace and University Park allow a new owner to upgrade property interiors, while also focusing on ancillary income in a submarket willing to pay higher rents due to surrounding jobs and neighboring amenities.
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Louisville Value-Add Duo (2 properties, 384 units)
Tymberwood Trace
160 Units
7500 Beechview Way
Louisville, KY  40218
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 384-Unit Louisville Value-Add duo located in Jefferson County, Louisville Kentucky. Located on major road thoroughfares, both properties provide easy connectivity to major employers such as GE Appliance Park, UPS WorldPort and Louisville’s Health District. Further, Tymberwood Trace and University Park are surrounded by retail and regional access to Downtown Louisville. With minimal upgrades done at each property, this portfolio offers significant value-add opportunity through an interior renovation program. Built in 1987 and 1986, Tymberwood Trace and University Park allow a new owner to upgrade property interiors, while also focusing on ancillary income in a submarket willing to pay higher rents due to surrounding jobs and neighboring amenities.
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Louisville Value-Add Duo (2 properties, 384 units)
University Park
224 Units
2207 James Pirtle Court
Louisville, KY  40217
Closed: 12/17/2021
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.
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Creekside Corners
444 Units
5301 West Fairington Parkway
Stonecrest, GA  30038
Type: Conventional
Closed: 12/16/2021
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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.
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Thayer Point
266 Units
5002 Thayer Dr
Killeen, TX  76549
Type: Conventional
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.
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Riverworks
306 Units
301 Passage Way
Savannah, GA  31401
Type: Conventional
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.
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Stonecreek on the Green
150 Units
3974 Annistown Road
Snellville, GA  30039
Type: Conventional
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%.
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Village at Apison Pike
248 Units
8605 Tradewind Circle
Ooltewah, TN  37363
Type: Conventional
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.
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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.
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Largo Pointe
232 Units
12409 Largo Drive
Savannah, GA  31419
Type: Conventional
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.
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The Reserve at Ridgewood
269 Units
7100 Roswell Road NE
Sandy Springs, GA  30328
Type: Conventional
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.
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Liberty Club
240 Units
915 E General Stewart Way
Hinesville, GA  31313
Type: Conventional
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.
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Views at Jacks Creek
256 Units
2300 Country Walk
Snellville, GA  30039
Type: Conventional
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.
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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.
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Glenwood Vista at Eagle’s Landing
264 Units
10 Glenwood Way
Stockbridge, GA  30281
Type: Conventional
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.
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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.
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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.
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Greentree & Marsh Cove (2 properties, 376 units)
Greentree
188 Units
10725 Abercorn Extension
Savannah, GA  31419
Type: Conventional
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.
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Greentree & Marsh Cove (2 properties, 376 units)
Marsh Cove
188 Units
11400 White Bluff Road
Savannah, GA  31419
Type: Conventional
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.
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Two Blocks
400 Units
4000 Dunwoody Park
Dunwoody, GA  30338
Type: Conventional
Closed: 11/10/2021