The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit Avana on Breckinridge apartment community located in Duluth, Gwinnett County, Georgia. This asset sits within one of the top-performing multifamily submarkets in the nation, which has demonstrated excellent rent and occupancy trends for more than two decades. Built in 1986, Avana on Breckinridge offers an outstanding opportunity to invest in a proven value-add asset with significant upside for the next investor.
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Avana on Breckinridge
400 Units
3450 Breckinridge Boulevard
Duluth, GA  30096
Type:  Multifamily
Closed: 10/21/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit Thomaston Crossing apartment community located in Macon, Bibb County, Georgia. This asset is situated in rapidly-expanding northwest area of Macon. Built in 2014, Thomaston Crossing offers an outstanding opportunity to invest in very desirable product in high growth location with immediate access to major employers. Additionally, the property has the ability to increase rents significantly through both value-add and second generation leases, allowing for strong upside day one.
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Thomaston Crossing
250 Units
5744 Thomaston Road
Macon, GA  31220
Type:  Multifamily
Closed: 10/20/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Emblem Grayson, a 344-unit institutional quality garden asset in Grayson (Atlanta), GA. Among the limited supply in Grayson, Emblem Grayson’s thoughtful site plan, spacious floorplans, and expansive amenities including 1+ acre of greenspace drive prominent visibility. The asset is strategically positioned in an undersupplied and highly sought-after suburban submarket. Pent-up demand fueled by industrial job growth and access to strong employment corridors is demonstrated through the property’s leasing velocity, netting an average of 27 leases per month since January. Also, Emblem Grayson’s unique suburban location provides direct access to Downtown Lawrenceville as well as Atlanta’s sprawling I-85 industrial corridor. Surrounded by quality demographics and top-notch schools, Emblem Grayson is a phenomenal investment opportunity with a strong future growth trajectory.
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Emblem Grayson
344 Units
605 Athens Highway
Loganville, GA  30052
Type:  Multifamily
Closed: 10/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Hawthorne at the Crest apartment community located in Ooltewah, Hamilton County, Tennessee. A high growth suburb in Chattanooga, Ooltewah is minutes away from the 1,400 acre Volkswagen production facility, 1M SF Amazon distribution center, as well as several major retail corridors. With the completion of construction in July 2022, Hawthorne at the Crest is set to excel through the combination of strong demographics and demand for quality product. It's completion coincides perfectly with Volkswagen's April 2022 announcement of 1,000 additional jobs being added to its Chattanooga factory.
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Hawthorne at the Crest
176 Units
5060 City Station Drive
Ooltewah, TN  37363
Type:  Multifamily
Closed: 10/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 320-unit Columns at Vinings apartment community located in northwest suburban Atlanta, Cobb County, GA. This well-located asset is situated in the desirable Vinings neighborhood, with immediate access to over 42M SF of office space and close proximity to major employers such as Home Depot HQ and the new Papa Johns HQ. Columns at Vinings benefits from a top live-work-play destination, surrounded by Truist Park and The Battery, Jubilee Shopping Center (Downtown Vinings) and several recreational trails. Current ownership has renovated 190 units (59%), and average rents at the property trail market rents by $250-$300. A new owner can generate revenue by renovating the remaining 130 units while also pushing rents organically. Built in 1985, Columns at Vinings represents an opportunity to invest in a highly sought after Atlanta submarket with proven value-add and organic rent growth upside.
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The Columns at Vinings
320 Units
1900 Tamarron Parkway SE
Atlanta, GA  30339
Type:  Multifamily
Closed: 10/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Hidden Creek apartment community located in Jeffersonville, Louisville MSA, Indiana. This asset is situated north of the Louisville MSA. River Ridge, a 6,000-acre industrial park that employs 10K+, is just 10 minutes from the property. Additionally, the Ports of Indiana-Jeffersonville, houses 12K annual jobs and is only 3 minutes from the property. Southern Indiana is experiencing rapid rent growth due to population and employment outpacing demand. Built in 1971, Hidden Creek offers an outstanding opportunity to invest in an asset primed for a full interior renovation program embedded in a high growth submarket.
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Hidden Creek
184 Units
3130 Middle Road
Jeffersonville, IN  47130
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 304-unit Park 35 apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, this asset has close-in access to all of Atlanta’s major employment hubs via I-285 and I-20. Built in phases from 1965-2000, Park 35 offers an outstanding opportunity to invest in a high-performing, well-located asset, primed for ROI. With essentially 100% classic units, Park 35 allows for an elevated value-add plan to push rents at nearly $500 per unit.
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Park 35
304 Units
3529 Robins Landing Way
Decatur, GA  30032
Closed: 9/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of Canebrake Landing, a 96-unit, 2022-built BTR community located in Maurice, LA, just 11 miles outside of Lafayette. Canebrake Landing is the first purpose-built BTR community in the Lafayette MSA. The property benefits from being the only BTR asset in a supply-strained market, where year-over-year rent growth is average 9.4%. Just 15 minutes from Lafayette and up-and-coming Youngsville, LA, the property is surrounded by a number of major employers and retail hubs. Built in 2022, the asset is comprised of large 3BR and 4BR floorplans, boasting premium modern finishes, average unit sizes of 1,498 SF, large 2-car garages and fenced backyards. New ownership is well positioned to capture upward momentum upon stabilization and by burning off current LTL. Canebrake Landing offers investors an outstanding opportunity to invest in a BTR asset in a high income suburb of Lafayette, LA.
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Canebrake Landing
96 Units
3503 Minvielle Boulevard
Maurice, LA  70555
Type:  Single-family
Closed: 9/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Mandalay Villas apartment community located in McDonough, Henry County, GA. This asset is situated in the rapidly-expanding I-75 South corridor, which comprises several major distribution hubs due to the proximity of Hartsfield-Jackson International Airport. The property benefits from one of the best locations in McDonough, featuring affluent demographics within a one-mile radius and over 1.2M SF of adjacent retail. Due to population rapidly outpacing multifamily supply, the property is primed for continued rent growth. Built in 2008, Mandalay Villas represents an outstanding opportunity to invest in a high-quality product below replacement cost with upside remaining via an interior value-add program.
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Mandalay Villas
300 Units
1395 Towne Centre Village Drive
McDonough, GA  30253
Type:  Multifamily
Closed: 9/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Stonegate & Stonehenge portfolio offering located in Warner Robins, Houston County, Georgia. This portfolio is situated in rapidly-expanding area of Watson Boulevard of Warner Robins. Built in 1969-1976, the portfolio represents an outstanding opportunity to invest in an untapped value add-potential in a growing market. With primarily classic units, the Portfolio offers new ownership the opportunity to completely renovate the property and garner a 22% ROI, boosting rent premiums an average of $136.
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Stonegate & Stonehenge (2 properties, 196 units)
Stonegate
126 Units
505 Northside Drive
Warner Robins, GA  31093
Type:  Multifamily
Closed: 9/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Stonegate & Stonehenge portfolio offering located in Warner Robins, Houston County, Georgia. This portfolio is situated in rapidly-expanding area of Watson Boulevard of Warner Robins. Built in 1969-1976, the portfolio represents an outstanding opportunity to invest in an untapped value add-potential in a growing market. With primarily classic units, the Portfolio offers new ownership the opportunity to completely renovate the property and garner a 22% ROI, boosting rent premiums an average of $136.
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Stonegate & Stonehenge (2 properties, 196 units)
Stonehenge
70 Units
613 Greenbriar Road
Warner Robins, GA  31093
Closed: 9/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 298-unit Reserve at 1200 & 1404 apartment communities 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, including Pheobe Hospital. Built in 1973 & 1979, Reserve at 1200 & 1404 represent an outstanding opportunity to invest in a moderately renovated, proven value-add primed asset, poised to benefit from the Albany community.
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Reserve at 1200 & 1404
298 Units
1404 Whispering Pines Rd & 1200 Kingtown Ct
Albany, GA  31707
Type:  Multifamily
Closed: 9/20/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler& Associates, Inc., are pleased to present the exclusive listing of the 132-unit Townebridge Place apartment community located in Gretna, Jefferson Parish, LA. This asset is situated south of Metro New Orleans, just 5 miles from the new $1B River District Development. Effective rent in the area has grown 9.4% over the past 12 months, due to limited supply. Townebridge Place currently has all classic units and is primed for an interior value-add program to boost rental income. Built in 1984, Townebridge Place offers an outstanding opportunity to invest in a value-add asset in a supply strained submarket.
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Townebridge Place
132 Units
1615 Carol Sue Avenue
Gretna, LA  70056
Closed: 9/19/2022
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Sunbelt Multifamily Advisory Group, is pleased to present the exclusive listing of Blanton Common, a student housing community located in Valdosta, Georgia catering to Valdosta State University. The property totals 277 units and 862 beds, built in 2006 with property-wide renovations throughout 2021 and 2022. This offering provides investors the opportunity to purchase a newly renovated student housing asset with significant preleasing momentum and proven upside yielding immediate returns.
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Blanton Common
277 Units | 862 Beds
1505 Lankford Drive
Valdosta, GA
Closed: 9/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 144-unit Greenbrier Estates apartment community located in St. Tammany Parish, Slidell, Louisiana. St. Tammany is a business-friendly and affluent suburb north of I-12, home to numerous recent major economic developments. The asset has excellent connectivity, located near the intersection of I-12 and I-10. New ownership has the opportunity to implement a value-strategy to boost rents at the property. Further, the 12.7 acres of land next to the asset will allow a new owner to build out a Phase II of approximately 200 units. Built in 2003, Greenbrier Estates represents an outstanding opportunity to invest in a value-add asset in a highly-desirable New Orleans submarket.
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Greenbrier Estates
144 Units
100 Greenbrier Way
Slidell, LA  70460
Type:  Multifamily
Closed: 8/24/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 69-unit Garden Creek apartment community located in Boerne, Kendall County, Texas. This asset is situated in the rapidly-expanding Hill Country community of Boerne, a town located within the San Antonio MSA that is recognized as one of the Hill Country's best places to live. Built in 2022, Garden Creek represents an outstanding opportunity to invest in a brand new asset positioned within one of the fastest-growing counties in the nation which gives residents access to both urban and natural amenities, strong schools, and a host of employment centers.
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Garden Creek
69 Units
110 Bluebonnet Circle
Boerne, TX  78006
Type:  Multifamily
Closed: 8/17/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 175-unit 4371 Glenwood apartment community located in Southeast metro Atlanta, DeKalb County, Georgia. This 1967-built asset is situated in the thriving Decatur area, recently ranked as one of the best places to live in Georgia by Niche.com. With a recent $1.9M capital infusion and 78% classic units, 4371 Glenwood comes to market as a turnkey value-add community in the top-performing South DeKalb multifamily submarket.
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4371 Glenwood
175 Units
4371 Glenwood Road
Decatur, GA  30032
Closed: 8/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Arbor Terrace & Guest House portfolio located in Rome, Floyd County, Georgia. This portfolio is strategically-located amidst Rome’s most prominent employment drivers (education, healthcare, and manufacturing). Arbor Terrace & Guest House are quality built assets with significant room for revenue growth. Built in 1974 & 1989, this portfolio offers an outstanding opportunity to invest insignificant value-add portfolio that has a 50+ year ownership history. The portfolio presents the opportunity to invest in a thriving economy just 50 miles outside of Atlanta.
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Arbor Terrace & Guest House
174 Units
48-50 Chateau Drive
Rome, GA  30161
Closed: 8/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 368-unit 1500 Oak apartment community located in northeast suburban Atlanta, DeKalb County, Georgia. Immersed in an active commercial, distribution, and medical district, the asset is just south of US-78/Stone Mountain Freeway, 1 mile east of I-285, and less than 6 miles from the prolific Emory 'Eds & Meds' district. Historically, DeKalb County has seen tremendous rent growth due to a limited development pipeline and high workforce demand. A new owner can implement a Value-Add 2.0 to create significant upside. Built in 1973 and renovated in 2012, 1500 Oak is an outstanding opportunity to invest in a strong performing asset in a high-demand multifamily market.
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1500 Oak
368 Units
1500 Post Oak Drive
Clarkston, GA  30021
Type:  Multifamily
Closed: 8/10/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Preserve at Columbus Park, a 300-unit, 2012-built apartment community located in the highly desirable location of North Columbus. Completed in 2012, The Preserve at Columbus Park represents the unique opportunity to acquire a newer-build, stabilized, quality product with exceptional value-add potential. This community is located in the North Columbus submarket, home to many of the region’s largest employers including TSYS, Aflac national headquarters, Piedmont Hospital & Columbus’ single, largest retail destination. The location boasts top-rated schools, excellent demographics, and claim to the city’s most sought-after residential address.
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The Preserve at Columbus Park
300 Units
5462 Whittlesey Blvd.
Columbus, GA  31909
Type:  Multifamily
Closed: 8/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 278-unit Reserve at Garden Lake apartment community located in Riverdale, Clayton County, GA. This asset is situated in the rapidly-expanding Clayton County, where rent growth has climbed 17% over the last 12 months. The area’s performance is propelled by a surge in jobs and industrial growth, making the area a prominent manufacturing and logistics hub. Built in 1991, Reserve at Garden Lake offers an outstanding opportunity to invest in an asset with significant upside potential via an interior value-add program and organic rent growth.
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Reserve at Garden Lake
278 Units
1000 Lake Ridge Parkway
Riverdale, GA  30296
Type:  Multifamily
Closed: 8/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Winnstead apartment community located in Stockbridge, Metro Atlanta, GA. This asset is situated in the rapidly growing Clayton County, where demand is significantly outpacing supply. The area’s growth is propelled by a surge in jobs and industrial growth, making the area a prominent manufacturing and logistics hub. At Winnstead there is an excellent opportunity to dramatically increase rents through a full interior value-add program. Built in 1990, Winnstead represents an outstanding opportunity to invest in a proven value-add potential in Atlanta’s burgeoning southern crescent region.
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Winnstead
160 Units
3110 Mount Zion Road
Stockbridge, GA  30281
Type:  Multifamily
Closed: 7/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Pine Ridge apartment community located in Albany, Dougherty County, Georgia. Built in 1980, Pine Ridge has undergone significant capital improvements, and offers value-add upside. A new investor has the opportunity to finish the in-place renovation program, boost renovations another level and organically push rent an additional $175+, achieving an ROI of 39% without reaching top of market. The community is poised to benefit from several new jobs coming in the next 12 months, including: Phoebe-Putney Health adding 350 new jobs in 2021 and Outdoor Network is investing $22 million and 92 new jobs into the community.
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Pine Ridge
232 Units
333 S. Mock Road
Albany, GA  31705
Closed: 7/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 60-unit Shy Manor Terrace apartment community located in Moultrie, Colquitt County, Georgia. This asset is strategically located in the Northern corridor providing quick access to Moultrie’s major economic drivers "Eds & Meds." Built in 1972, Shy Manor Terrace represents an outstanding opportunity to invest in a guaranteed cash flowing asset in an under-supplied affordable housing market. Due to a recent study, Shy Manor Terrace also has the ability to benefit from a Mark-to-Market program allowing rents to increase $200+ while maintaining an affordable property and within HUD/Section 8 guidelines. This rental increase would boost revenues by $145,000 annually.
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Shy Manor Terrace
60 Units
800 Northside Drive
Moultrie, GA  31768
Closed: 7/28/2022