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.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Collier Hills
120 Units
1760 Northside Drive
Atlanta, GA  30318
Type: Conventional
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.
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Greenbriar Commons
174 Units
3000 Stone Hogan Connector
Atlanta, GA  30331
Type: LIHTC
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.
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ReNew Peachtree City
198 Units
1000 Stevens Entry
Peachtree City, GA  30269
Type: Conventional
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.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Glenwood
254 Units
3939 Glenwood Avenue
Raleigh, NC  27612
Type: Conventional
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.
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Fairway View
243 Units
3348 Fairway Oaks Drive
Lawrenceville, GA  30044
Type: Conventional
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.
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The Baxly CONFIDENTIAL
275 Units
630 Indian Street
Savannah, GA  31401
Type: Conventional
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.
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Park Place
200 Units
11919 Colerain Road
St. Marys, GA  31558
Type: Conventional
Closed: 10/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,075-unit Forest Park 1075 Portfolio located in Jonesboro and Forest Park, Clayton County, Georgia. These three assets are situated just off I-75 in Atlanta’s rapidly-expanding aerotropolis region, an area flush with industrial, distribution, and television/film industry jobs. Ashwood Ridge, Bradford Ridge, and Laurel Pointe come to market riding impressive performance trends and are poised for substantial additional growth by continuing proven value-add strategies alongside market-backed rental upside. Built between 1970 and 1972, the assets occupy strategic micro-locations with premier access to major thoroughfares and jobs. This offering is an extremely rare opportunity to establish a sizable investment portfolio with vast economies of scale in a high-growth submarket.
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Forest Park 1075 Portfolio (3 properties, 1,075 units)
Ashwood Ridge
220 Units
276 Upper Riverdale Road
Jonesboro, GA  30236
Type: Conventional
Closed: 10/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,075-unit Forest Park 1075 Portfolio located in Jonesboro and Forest Park, Clayton County, Georgia. These three assets are situated just off I-75 in Atlanta’s rapidly-expanding aerotropolis region, an area flush with industrial, distribution, and television/film industry jobs. Ashwood Ridge, Bradford Ridge, and Laurel Pointe come to market riding impressive performance trends and are poised for substantial additional growth by continuing proven value-add strategies alongside market-backed rental upside. Built between 1970 and 1972, the assets occupy strategic micro-locations with premier access to major thoroughfares and jobs. This offering is an extremely rare opportunity to establish a sizable investment portfolio with vast economies of scale in a high-growth submarket.
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Forest Park 1075 Portfolio (3 properties, 1,075 units)
Bradford Ridge
262 Units
392 Sylvia Drive
Forest Park, GA  30297
Closed: 10/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,075-unit Forest Park 1075 Portfolio located in Jonesboro and Forest Park, Clayton County, Georgia. These three assets are situated just off I-75 in Atlanta’s rapidly-expanding aerotropolis region, an area flush with industrial, distribution, and television/film industry jobs. Ashwood Ridge, Bradford Ridge, and Laurel Pointe come to market riding impressive performance trends and are poised for substantial additional growth by continuing proven value-add strategies alongside market-backed rental upside. Built between 1970 and 1972, the assets occupy strategic micro-locations with premier access to major thoroughfares and jobs. This offering is an extremely rare opportunity to establish a sizable investment portfolio with vast economies of scale in a high-growth submarket.
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Forest Park 1075 Portfolio (3 properties, 1,075 units)
Laurel Pointe
593 Units
228 Morrow Road
Forest Park, GA  30297
Type: Conventional
Closed: 10/21/2021
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.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Pelham
422 Units
230 Pelham Road
Greenville, SC  29615
Type: Conventional
Closed: 10/21/2021
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.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Westchester
116 Units
300 Pelham Road
Greenville, SC  29615
Type: Conventional
Closed: 10/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit Sierra Vista apartment community located 80 miles northeast of Atlanta in Cornelia, Habersham County, Georgia. This asset, which enjoys zero market-rate multifamily competition, is embedded in the North Georgia Mountains with easy regional access to Atlanta’s northern employment drivers. Built in two phases in 2005 and 2021, Sierra Vista offers an outstanding opportunity to invest in an institutional quality asset in an underserved multifamily market with a sizable organic rent growth opportunity.
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Sierra Vista
144 Units
121 Sierra Vista Circle
Cornelia, GA  30531
Closed: 10/7/2021
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.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Beaufont
312 Units
6839 Carnation Road
Richmond, VA  23225
Closed: 10/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 178-unit multi-asset portfolio located in Albany, Dougherty County, Georgia. The assets are strategically located in the desirable west side of Albany. Built in 1973/1972, Willow Wood & Lippitt represent an outstanding opportunity to invest in a value-add ready asset with significant return upside. The community is poised to benefit from several new jobs coming in the next 12 months, Phoebe Putney Health adding 350 new jobs in 2021 and Outdoor Network is investing $22 million and adding 92 new jobs into the community.
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Willow Wood & Lippitt (2 properties, 178 units)
Lippitt
40 Units
926 Lippitt Drive
Albany, GA  31701
Closed: 10/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 178-unit multi-asset portfolio located in Albany, Dougherty County, Georgia. The assets are strategically located in the desirable west side of Albany. Built in 1973/1972, Willow Wood & Lippitt represent an outstanding opportunity to invest in a value-add ready asset with significant return upside. The community is poised to benefit from several new jobs coming in the next 12 months, Phoebe Putney Health adding 350 new jobs in 2021 and Outdoor Network is investing $22 million and adding 92 new jobs into the community.
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Willow Wood & Lippitt (2 properties, 178 units)
Willow Wood
138 Units
2224 Habersham Rd
Albany, GA  31707
Closed: 10/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit Arbor Bend apartment community located in Villa Rica, Carroll County, GA. This asset is situated in the thriving Far West Atlanta Suburbs with limited supply and only one property under construction. Further, the West Atlanta submarket currently is #1 in occupancy and #6 in rent growth. Embedded in the I-20 West Industrial Corridor, this asset provides great access to jobs with over 4M SF of industrial space surrounding the property. Built in 2002 and trailing its competitors by $300-$600 in average rent, Arbor Bend represents an outstanding opportunity to organically raise rents and add upside through an interior value-add program in a solid submarket with limited supply.
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Arbor Bend
96 Units
200 Industrial Boulevard
Villa Rica, GA  30180
Type: Conventional
Closed: 9/30/2021
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.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Bluff
216 Units
201 West Montgomery Cross Rd
Savannah, GA  31406
Type: Conventional
Closed: 9/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 276-unit Tapestry Long Farm apartment community located in Baton Rouge, East Baton Rouge Parish, Louisiana. This asset is situated in Long Farm Village, a highly-desired mixed-used development with retail, office, and residential space. The asset is also embedded in excellent demographics, featuring an average $130K+ household income. The Baton Rouge multifamily market is currently experiencing a limited pipeline (zero units under construction) that will drive rent growth at the property. Built in 2017, Tapestry Long Farm represents an outstanding opportunity to invest in a Class A asset in an unmatched micro-location with impressive demographics and a limited development pipeline.
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Tapestry Long Farm
276 Units
16333 Columns Way
Baton Rouge, LA  70817
Type: Conventional
Closed: 9/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 115-unit Northlake apartment community, and the 159-unit Tanglewood apartment community, located in Warner Robins, Houston County, Georgia. The assets are situated strategically just north of major retail centers including Walmart Neighborhood Market, Home Depot, Lowe’s, TJ Maxx, Target, Kroger, and more. Built in 1967 and 1978, the portfolio represents an outstanding opportunity to invest in value-add ready assets in a superb submarket with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Northlake & Tanglewood (2 properties, 274 units)
Northlake
115 Units
310 Northlake Drive
Warner Robins, GA  31093
Closed: 9/24/2021
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.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Oaks
184 Units
3200 Oakwood Village Lane
Atlanta, GA  30341
Type: Conventional
Closed: 9/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 115-unit Northlake apartment community, and the 159-unit Tanglewood apartment community, located in Warner Robins, Houston County, Georgia. The assets are situated strategically just north of major retail centers including Walmart Neighborhood Market, Home Depot, Lowe’s, TJ Maxx, Target, Kroger, and more. Built in 1967 and 1978, the portfolio represents an outstanding opportunity to invest in value-add ready assets in a superb submarket with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Northlake & Tanglewood (2 properties, 274 units)
Tanglewood
159 Units
1005 Elberta Road
Warner Robins, GA  31093
Closed: 9/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 197-unit multi-asset portfolio located in Warner Robins, Houston County, Georgia. The assets are situated strategically just 2 miles from Robins Air Force Base, which recently added 1,200 tech and cyber security related jobs to Warner Robins. Built during the early 60’s through mid- 80’s, Briardale and Brandon Court I & II represent an outstanding opportunity to invest in value-add ready assets in a superb submarket with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Warner Robins Value-Add Portfolio (2 properties, 197 units)
Brandon Court I & II
141 Units
2241 Moody Road
Warner Robins, GA  31088
Type: Conventional
Closed: 9/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 197-unit multi-asset portfolio located in Warner Robins, Houston County, Georgia. The assets are situated strategically just 2 miles from Robins Air Force Base, which recently added 1,200 tech and cyber security related jobs to Warner Robins. Built during the early 60’s through mid- 80’s, Briardale and Brandon Court I & II represent an outstanding opportunity to invest in value-add ready assets in a superb submarket with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Warner Robins Value-Add Portfolio (2 properties, 197 units)
Briardale
56 Units
308 Orchard Lane
Warner Robins, GA  31093
Type: Conventional
Closed: 9/22/2021