The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Garden Lane
261 Units
1901 Lafayette Street
Gretna, LA  70053
Type: Conventional
Closed: 3/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 23-unit French Quarter apartments located in north metro Atlanta, Fulton County, Georgia. This boutique Buckhead offering is situated in Atlanta’s top urban submarket posting the metro’s strongest rent growth. Built in 1967, French Quarter offers a rare opportunity for short and long-term returns in one of the most sought-after residential districts in the nation.
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French Quarter
23 Units
45 Sheridan Drive
Atlanta, GA  30305
Closed: 3/25/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Flats at East Atlanta apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of northeast Atlanta, this asset has close-in access to all of Atlanta’s major employment hubs via I-20 and I-285. Built in 1967, Flats at East Atlanta offers an outstanding opportunity to benefit from lucrative rent growth driven by the asset’s fully renovated exteriors and upscale interior renovations.
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Flats at East Atlanta
140 Units
2522 Flat Shoals Road
Decatur, GA  30032
Type: Conventional
Closed: 3/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Magnolia Place
148 Units
1001 East Dale Street
New Iberia, LA  70560
Closed: 3/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Steeplechase
192 Units
715 Marie Antoinette Street
Lafayette, LA  70506
Closed: 3/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky are excited to present the exclusive listing of the 306-unit The Henry at Fritz Farm apartment community located in Lexington, Fayette County, Kentucky. The Henry at Fritz Farm is truly integrated into Lexington and the Southeast’s leading entertainment and retail district, The Summit at Fritz Farm. This mixed-use master plan features a 40K+ SF Whole Foods, over 245K of retail and restaurants, 44K+ SF of Class A office, and a 120-room upscale Origin Hotel. As Lexington continues to flourish through the growth of leading employment industries, including regional healthcare, higher education, the equine and bourbon industries, and tourism, The Henry at Fritz Farm will continue to attract an affluent regional resident profile. Lexington’s average household income is projected to increase by nearly 16% by 2022. Catalyzed by this strong job, population, and income growth, The Henry at Fritz Farm will be able to capitalize on this and provides investors a rare opportunity to own one of Lexington’s newest, most unique assets that will continue to achieve potential as additional retail is developed.
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The Henry at Fritz Farm
306 Units
4100 Nicholasville Road
Lexington, KY  40517
Type: Conventional
Closed: 3/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 91-unit Riverwood Park apartment community located in Rome, Floyd County, Georgia. This asset is situated less than a mile from downtown Rome and offers easy connectivity via US-27/Martha Berry Blvd. Rome, home to Berry College, is a thriving city in Northwest Georgia, with a stable economy anchored in the recession-proof education and medical industries. Built in 1997, Riverwood Park represents an outstanding opportunity to invest a very favorable submarket which has experienced 19% growth since 2014.
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Riverwood Park
91 Units
525 West 13th Street
Rome, GA  30165
Type: Conventional
Closed: 2/28/2019
Visit to view listing documents.
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The Flats at West Broad Village
339 Units
3930 Wild Goose Lane
Glen Allen, VA  23060
Closed: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are pleased to present the exclusive listing of the 264-unit 21 South at Parkview apartment community located in Baton Rouge, LA. Situated just minutes from Baton Rouge’s most affluent communities and prestigious retail, 21 South at Parkview’s immediate area boasts average household income of roughly $77K. With approximately $2.8M ($10K per unit) in capital improvements spent since acquisition, current ownership upgraded every aspect of the property. New ownership can focus on a light value-add program to maximize value and increase its already strong market position within the Baton Rouge submarket.
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21 South at Parkview
264 Units
4944 South Sherwood Forest Blvd.
Baton Rouge, LA  70816
Type: Conventional
Closed: 2/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
Nottingham
146 Units
2337 Sharon Drive
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
Nottingham North
161 Units
2401 Nottingham Way
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
The Village
100 Units
2507 Nottingham Way
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit The Grove on Southlake apartment community located in Morrow, Clayton County, GA. This top of the market community boasts a strategic location in Atlanta’s thriving "Southern Crescent". The "Southern Crescent" market, which is roughly defined as the area south of I-20, has accounted for 14% of Atlanta’s population growth while only accounting for 3% of the metro’s new inventory this cycle, a catalyst for continued rent growth. Effective rents for Clayton County have grown by more than 40% since 2010. These incredible supply demand dynamics will translate to compelling growth that can be enhanced by elevating the property’s interior finishes to meet market demand. The Grove on Southlake is an excellent opportunity to acquire a true value-add investment well below replacement cost.
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The Grove on Southlake
260 Units
7290 Southlake Parkway
Morrow, GA  30260
Type: Conventional
Closed: 2/15/2019
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 40% since 2010. Shadow Ridge’s location, being less than 30 minutes from the Atlanta Central Business District and less than 15 minutes from Hartsfield-Jackson International Airport and several major distribution corridors, makes it an appealing community in Atlanta’s "Southern Crescent," which is roughly defined as the area south of I-20. With demand for upgraded interiors evident at the subject property and in the submarket and exterior and amenity renovations already completed at the subject property, Shadow Ridge is an excellent value-add investment opportunity.
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Shadow Ridge
294 Units
950 Lake Ridge Parkway
Riverdale, GA  30296
Closed: 2/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Princeton Heights apartment community in northeast Atlanta, Georgia. This well-located property within the heart of Gwinnett County, offers direct access to both I-85 and I-285, and commuter ease to Atlanta’s largest employment districts such as Gwinnett Sugarloaf, Perimeter Center, and Emory/Decatur. Enhanced by such excellent metro connectivity, this partially renovated 1985 asset offers an outstanding proven value-add opportunity.
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Princeton Heights
300 Units
4250 Jimmy Carter Boulevard
Norcross, GA  30093
Type: Conventional
Closed: 2/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of the 20-unit Dundee Place apartment community located in Louisville’s eclectic area known as The Highlands. Constructed by Poe Companies, a prolific local builder known for high-quality, investment-grade architecture and construction, the property has excellent quality, location, and financial performance, offering an opportunity to invest in a thriving economic region.
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Dundee Place
20 Units
2242 Dundee Road
Louisville, KY  40205
Closed: 2/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 210-unit Chroma Park apartment community located in Austell, Georgia. Chroma Park is situated in flourishing Cobb County and maintains high accessibility off I-285 and the East-West Connector. Transformational new developments in Cobb include the new Atlanta Braves stadium and Smyrna/Vinings mixed-use, upscale retail centers. This growth is propelling high-income families to move to the northern suburbs in addition to the award-winning schools and large concentration of jobs, which are driving home values and income. Given a five-mile radius of Chroma, average HHI is projected to grow by 10% over the next five years. Chroma Park represents an opportunity to acquire a true value-add property in a premier, growing location on the Silver Comet Trail.
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Chroma Park
210 Units
2105 Mesa Valley Way
Austell, GA  30106
Type: Conventional
Closed: 1/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Tremont - a 224-unit apartment community in the thriving Columbia, SC MSA. Built in 2016 and boasting top-of-market features and amenities, The Tremont is Urban Columbia’s premier upscale multifamily property. The asset is in close proximity to the area’s foremost employment centers as residents enjoy walking distance to University of South Carolina and Downtown Columbia, in addition to private access to the nearly 8-mile-long Cayce Riverwalk. The Tremont’s strong operations and above-market average occupancy in the trailing year (97%) provide the ideal launch-pad for organic rent growth as the property captures the current rent ceiling of $200+ provided by downtown. Minimal new supply that will compete with The Tremont coupled with the Cayce submarket's projection for the metro's highest rent growth through 2022 offer protection for the asset's long-term growth potential.
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The Tremont
224 Units
111 Knox Abbott Drive
Cayce, SC  29033
Type: Conventional
Closed: 1/23/2019
The Cushman & Wakefield Southeast 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. This asset is situated in the high connectivity and fast-developing Northlake area anchored by affluent demographics. Built in 1973, Springdale Glen offers an outstanding opportunity to invest in a solid-performing asset primed for value-add returns.
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Springdale Glen
276 Units
3800 Brockett Road
Clarkston, GA  30021
Type: Conventional
Closed: 1/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 37-unit Embry Hills apartment community located in Chamblee, DeKalb County, Georgia. This boutique asset is situated adjacent to northeast metro Atlanta’s burgeoning I-85 corridor and transformational projects underway in northeast Atlanta. Built in 1964, Embry Hills offers all-brick, ground-level units with extremely large private patios/decks. This is an outstanding opportunity to invest in a solid-performing asset with market-supported value add in a high-growth submarket.
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Embry Hills
37 Units
3693 Embry Circle
Atlanta, GA  30341
Closed: 1/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 406-unit Silver Oak Apartments located in east Atlanta, DeKalb County, Georgia. This asset is situated in the rapidly-expanding Clarkston apartment market where within a two-mile radius of the subject, only two properties have delivered since 1989. Built in 1971, Silver Oak Apartments has shown consistently solid statistics throughout 2016, and is offered with manifest value add and outstanding rent growth potential.
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Silver Oak Apartments
406 Units
1281 Brockett Road
Clarkston, GA  30021
Type: Conventional
Closed: 12/18/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the new 303-unit Solis Parkview apartment community in Atlanta, Georgia. Completed in late 2017 as part of the new Parkview on Peachtree mixed-use community, Terwilliger Pappas’ Solis Parkview represents the pinnacle in new urbanism residential midrises. Complemented by Parkview’s 45k SF of boutique retail and loft office space, and an integrated network of walking and fitness trails, Solis Parkview’s extraordinary amenities and location attract a discerning renter profile, resulting in a rapid lease up with relatively limited concessions. Its Chamblee location, just north of Buckhead and south of Central Perimeter, is one of Atlanta’s newest and most dynamic transit-oriented hot spots, walkable to the Chamblee MARTA rail station and a new Whole Foods. Catalyzed by Integral’s mammoth Assembly Yards development one MARTA stop north, Chamblee’s burgeoning renaissance continues with new retail, restaurants, and 500k SF of new office space under construction while already ranked among Atlanta’s most energetic new urban nodes.
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Solis Parkview
303 Units
5070 Peachtree Boulevard
Chamblee, GA  30341
Type: Conventional
Closed: 12/18/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 246-unit The Emerson 1600 apartment community located in the west Atlanta suburb of Smyrna, Georgia. This asset is situated in flourishing Cobb County and maintains high visibility and accessibility off two of the Atlanta’s major thoroughfares. Transformational new developments in Cobb include the new Atlanta Braves stadium and Smyrna and Vinings mixed-use upscale retail centers. Built in 1985, The Emerson 1600 has produced outstanding organic rent growth and stable occupancy. The next investor can further increase collections through rounding out the in-place value-add campaign.
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The Emerson 1600
246 Units
1600 Tibarron Parkway
Smyrna, GA  30080
Type: Conventional
Closed: 12/14/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 106-unit Sterling Vinings apartment community located in the northwest Atlanta suburb of Smyrna, Georgia. This boutique asset is situated in flourishing Cobb County and maintains high accessibility off I-285 and the East-West Connector. Transformational new developments in Cobb include the new Atlanta Braves stadium and Smyrna/Vinings mixed-use, upscale retail centers. Built in 1985, Sterling Vinings exhibits organic rent growth and stable occupancy. The next owner can enjoy further increased collections with this perfectly primed value-add property.
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Sterling Vinings
106 Units
4098 South Cobb Drive
Smyrna, GA  30080
Type: Conventional
Closed: 12/13/2018