The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 236-unit Veranda at Norton Commons luxury apartment community located in northeast Louisville, KY. Developed by prolific southeast developer, Bristol Development, Veranda at Norton Commons boasts luxury interiors and amenities, to attract an affluent renter pool. Average household income of tenants exceeds $90K. This asset is situated in the highly sought-after 600-acre Norton Commons master planned community, just northeast of the Old Brownsboro Crossing medical and retail district. Built in 2015, Veranda at Norton Commons offers an outstanding opportunity to invest in an institutional-quality asset in one of Louisville’s most desirable growth corridors.
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Veranda at Norton Commons
236 Units
9506 Civic Way
Louisville, KY  40059
Type: Conventional
Closed: 5/25/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Elan Powers Ferry, a brand-new multifamily asset strategically located in Cumberland, Atlanta’s most desirable infill arc submarket. Elan Powers Ferry’s ideal location provides exceptional access to The Battery, Atlanta’s top entertainment district and home of the Atlanta Braves, as well as desirable outdoor lifestyle amenities. Cumberland’s infill arc is home to numerous Fortune 500 headquarters, which provides direct access to 450K+ jobs within 15 minutes, further benefiting the property’s residents. The irreplaceable location, coupled with Greystar’s renowned development reputation, position the asset for long-term sustainability, as the phenomenal lease-up and rental trends lay the track for future prosperity.
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Elan Powers Ferry
276 Units
1945 Powers Ferry Road
Atlanta, GA  30339
Closed: 5/24/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 127-unit Latitude 30 apartment community located in Baton Rouge, East Baton Rouge Parish, Louisiana. This asset is located just steps from Louisiana State University, Baton Rouge’s largest employer, as well as other major employers including Baton Rouge’s Medical Corridor and L’Auberge Casino and Hotel. The property is also surrounded by nearly 3M SF of retail. Latitude 30 provides substantial upside through the potential to renovate all units to an elite finish level and significantly push rents. Built in 1972, Latitude 30 offers an outstanding opportunity to invest in a textbook value-add asset surrounded by top employers and retail.
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Latitude 30
127 Units
4548 Tigerland Avenue
Baton Rouge, LA  70820
Closed: 5/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 208-unit Waters Edge apartment community located in Sandy Springs, Fulton County, GA. This asset is situated in one of Atlanta's largest office markets, with over 5.9M SF of office space within a 3-mile radius. Sandy Springs boasts an affluent demographic profile with high household incomes and white collar employment. Due to the surge in population, paired with the rise in suburban popularity, the Sandy Springs submarket has experienced consistent rent growth. Built in 1972, the property has undergone major renovations with current ownership spending $4.7M on upgrades. With high barriers to entry in the submarket and minimal affordable housing availability, Waters Edge represents an outstanding opportunity to invest in a well maintained, fully renovated asset, in a highly demanded submarket.
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Waters Edge
208 Units
8601 Roberts Drive
Sandy Springs, GA  30350
Type: Conventional
Closed: 4/22/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Buccaneer Trace, a 228-unit, 1986/2015 built apartment community located in the highly desirable Wilmington Island submarket of Savannah with top demographics and extremely high barriers to entry. Buccaneer Trace represents an outstanding opportunity to invest in a proven value-add asset with astonishing property performance. The property benefits from the flourishing migration to coastal markets and the explosive growth of the Savannah economy. The recently announced Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further propelling Savannah’s incredible development and job growth.
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Buccaneer Trace
228 Units
55 East Deerwood Road
Savannah, GA  31410
Type: Conventional
Closed: 4/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 124-unit Spires of Sherwood apartment community located in East Baton Rouge Parish, Baton Rouge, LA. This asset is situated in the desirable Sherwood Forest neighborhood with a host of single family homes and commercial and retail developments surrounding the property. Located just off of I-12, residents have access to the majority of Baton Rouge’s top employers. Amazon is building a new Fulfillment Center 4 miles from the property that will create over 1,000 jobs. Built in 1974, Spires of Sherwood offers an outstanding opportunity to invest in a value-add potential in the East Baton Rouge parish, where demand for multifamily housing is rapidly outpacing supply.
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Spires of Sherwood
124 Units
11888 Old Hammond Highway
Baton Rouge, LA  70816
Type: Conventional
Closed: 4/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 40-unit Westminster located in Macon, Bibb County, GA. This asset is situated in the strategically-located area of West Macon, moments from strong retail and education in Sam's Club, Best Buy, Kroger, The Home Depot and Middle Georgia State University. Built in 1972, Westminster offers an outstanding prospect to invest with proven value-add in a thriving market. Additionally, current ownership has invested nearly $250k of CapEx (roofs, parking lot, HVAC, etc.) allowing for the focus to be on operations starting day 1.
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Westminster
40 Units
1655 N Atwood Drive
Macon, GA  31204
Closed: 4/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 104-unit Green Meadows @ 2910 apartment community located in Augusta, Richmond County, Georgia. This asset 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, Green Meadows @ 2910 represents an outstanding opportunity to invest in a proven value-add asset, with 80% of units left to renovate, a new owner can garner an additional $165 through a moderate value-add strategy.
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Green Meadows @ 2910
104 Units
2910 Richmond Hill Road
Augusta, GA  30906
Type: Conventional
Closed: 3/16/2022
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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 460-unit Park at Peachtree Corners apartment community located in Peachtree Corners, GA. This asset is situated in northeast metropolitan Atlanta’s premier expansion market of Gwinnett County, one of the fastest growing counties in the southeast. Within a 3-mile radius of the property, there are several large employment nodes and over 33M SF of industrial space. While over $5M has been spent on capital improvements, the property is primed for an interior value-add program to further modernize interiors. Built in 1985 by Post Properties, Park at Peachtree Corners offers an outstanding opportunity to invest in a well-maintained asset with significant value-add potential and a historically strong property performance in a high-barrier submarket.
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Park at Peachtree Corners
460 Units
3341 Peachtree Corners Circle
Norcross, GA  30092
Type: Conventional
Closed: 3/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 217-unit The Clarion apartment community located in Decatur, DeKalb County, Georgia. Decatur was recently ranked the #2 best suburb in all of Georgia by Niche.com. This asset, situated in the rapidly-expanding Uptown Decatur area of northeast Atlanta, is less than one mile from the Avondale MARTA transit station, and offers close-in access to all of Atlanta’s major employment hubs via I-285 and I-85. Built in 1990, The Clarion is an outstanding opportunity to invest in a pristine, value-add asset in an A+ ranked Atlanta suburb.
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The Clarion
217 Units
10 Rimington Lane
Decatur, GA  30030
Type: Conventional
Closed: 3/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 73-unit Overlook Club apartment community located in Columbus, Muscogee County, Georgia. This asset is situated in the desirable east Columbus area providing quick access to major employers (Aflac, TSYS, Synovous, and BlueCross BlueShield) via I-185. Built in 1964, Overlook Club offers an outstanding value-add opportunity, as interors are nearly original. Current ownership has renovated one unit which is achieving a $265 premium, proving the ability to significantly push rents.
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Overlook Club
73 Units
100 Lockwood Court
Columbus, GA  31906
Closed: 2/24/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 127-unit Villages of Hikes Point apartment community located in Jefferson County, Louisville, KY. This asset is strategically located near major arteries, providing quick access to Louisville’s top employers, including UPS Worldport and GE Appliance Park. Currently, 121 out of 127 total units have undergone an interior renovation program. Built in 1971, Villages of Hikes Point represents an excellent opportunity to invest in a true workforce housing asset with renovated interiors in a high job-growth submarket.
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The Villages of Hikes Point
127 Units
3712 Klondike Lane
Louisville, KY  40218
Closed: 2/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Bridgewater at Mt. Zion apartment community located in South Metro Atlanta, Clayton County, GA. Clayton County is experiencing rapid rent growth and compressed vacancy due to a surge in employment and housing demand. Strategically situated between I-75 and I-675 major corridors, just eight miles southeast of Hartsfield-Jackson International Airport, this asset benefits from numerous employment drivers. With over $1.2M invested in the asset and 119 classic units remaining, the property has a value-add blueprint in place. Built in 1994, Bridgewater at Mt. Zion represents an outstanding opportunity to invest in a proven value-add potential in Atlanta’s burgeoning southern crescent region.
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Bridgewater at Mt. Zion
200 Units
3156 Mt. Zion Road
Stockbridge, GA  30281
Type: Conventional
Closed: 2/21/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Foundry Yards, a 268-unit luxury apartment community with 20K SF of future, adjacent office and retail space located in Birmingham, Alabama, which has the nation’s second lowest unemployment rate according to the Wall Street Journal and 50K+ jobs added since April 2020. Foundry Yards is anchored by Birmingham’s expansive healthcare industry with the University of Alabama at Birmingham ranking the #1 Best Large Employer in America by Forbes with a total of 23K jobs and an employment impact of 64K within a 10-minute walk of the property. Also, the asset is primed to benefit from the city’s emergence as a technology hub, ranked as #2 up and coming tech hot spots according to MarketWatch. Centralized in the newly revitalized Parkside District, Foundry Yards is positioned adjacent to multiple breweries, acclaimed restaurants, the 19-acre Railroad Park, and Regions Field which is home to the Birmingham Barons, an AA-affiliate of the Chicago White Sox. In 2021, Foundry Yards has experienced incredible leasing velocity with 45 move-ins per month and 14% effective rent growth since May.
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Foundry Yards
268 Units
10 13th Street South
Birmingham, AL  35233
Closed: 2/15/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 48-unit Macon Portfolio, Ridge Pointe and Blue Ridge, located in Macon, Bibb County, Georgia. These assets are situated in the desirable northwest Macon community, providing access to several top retail corridors and major employers (Navicent Health, Amazon, and Geico). Built in 1987 and 1985, Ridge Pointe and Blue Ridge represent an outstanding opportunity to invest in a value-add portfolio, boosting rents $260 and garnering 46% blended ROI. Furthermore, a new owner has the opportunity to increase rents organically with more than 30% of leases being over 6 years.
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Ridge Pointe & Blue Ridge
48 Units
2981 Ridge Avenue
Macon, GA  31204
Type: Conventional
Closed: 2/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 40-unit Norris Place apartment community located in Augusta, Richmond County, Georgia. This asset 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 1971 and fully renovated in 2019, Norris Place represents an outstanding opportunity to invest in a proven value-add story with significant upside.
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Norris Place
40 Units
1931 Murphy Road
Augusta, GA  30904
Closed: 2/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Landings @ 237, a 496-unit apartment community located in Augusta, Richmond County, Georgia. This asset is situated in the rapidly-expanding area of West Augusta. Built in 1949 & 1966, The Landings @ 237 represents an outstanding opportunity to invest in a community that has a proven value-add story as the current program is achieving $100 premiums. Over the past 14 months, ownership has invested $1.4M in capital improvements at the property. These enhancements include 45 new roofs, renovated leasing offices, renovated entrances, sidewalk repairs, and significant landscaping work.
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The Landings @ 237
496 Units
237 Fox Trace
Augusta, GA  30909
Type: Conventional
Closed: 2/2/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 389-unit The Carlyle of Sandy Springs apartment community located in North Atlanta, Fulton County, Georgia. This asset is strategically located between Roswell Road and GA 400, in the highly affluent and sought-after Sandy Springs submarket. The asset is surrounded by 9.3M SF of retail, including high-end shopping, restaurants, and destination spots. The property is also steps from the Chattahoochee River and numerous nature trail systems. Due to the strong rent growth in the submarket, the 18 most recent leases have been signed at an average of $355 over in-place rents. With 123 fully renovated units at the property, the asset is primed for an interior value-add program to the remaining units. Built in 1972, The Carlyle of Sandy Springs offers an outstanding opportunity to invest in an exciting value-add asset in a high barriers-to-entry submarket with limited new supply.
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The Carlyle of Sandy Springs
389 Units
501 North River Parkway
Sandy Springs, GA  30350
Type: Conventional
Closed: 2/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Hampton East and Friar Tuck apartment communities located in Albany, Dougherty County, Georgia. These two assets are both minutes from Albany’s largest employers, including Phoebe-Putney Memorial Hospital, Teleperformance, and Proctor & Gamble. Built in 1997 and 2003, Hampton East and Friar Tuck present an outstanding opportunity to immediately acquire some of the largest units in Albany’s robust multifamily market. Both communities offer new ownership feature primarily classic units, offering new ownership the opportunity to begin a value-add program boosting rents $108+ and garnering 38% Blended ROI. The area 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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Hampton East & Friar Tuck (2 properties, 108 units)
Friar Tuck
44 Units
2215 Friar Tuck Lane
Albany, GA  31707
Type: Conventional
Closed: 1/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Hampton East and Friar Tuck apartment communities located in Albany, Dougherty County, Georgia. These two assets are both minutes from Albany’s largest employers, including Phoebe-Putney Memorial Hospital, Teleperformance, and Proctor & Gamble. Built in 1997 and 2003, Hampton East and Friar Tuck present an outstanding opportunity to immediately acquire some of the largest units in Albany’s robust multifamily market. Both communities offer new ownership feature primarily classic units, offering new ownership the opportunity to begin a value-add program boosting rents $108+ and garnering 38% Blended ROI. The area 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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Hampton East & Friar Tuck (2 properties, 108 units)
Hampton East
64 Units
1336 Mercantile Drive
Albany, GA  31705
Type: Conventional
Closed: 1/31/2022
The Cushman & Wakefield Senior Housing Capital Markets and Sunbelt Multifamily Advisory Group are pleased to exclusively offer for sale Springwood at Allen, a 92-unit 62+ Active Adult community located in the affluent northern Dallas suburb of Allen, Texas. Recently completed in 2020, Springwood at Allen consists of 15 single-story garden-style apartment buildings as well as a clubhouse and outdoor pool. Since opening, the Property has experienced strong leasing and is currently 100% leased. The Community offers investors a middle-market active adult community with considerable upside through initiatives such as rate growth and in a well located and convenient suburban area of Dallas, one of the fastest-growing markets in the nation. The Community is situated in a well amenitized, convenient location and is prominently displayed on Main street with high driveby visibility and easy access to Allen’s premium outlet mall and surrounding retail.
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Springwood at Allen
92 Units
975 E Main Street
Allen, TX  75002
Type: Build for Rent
Closed: 1/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit Meadows at Green Tree apartment community located in Clarksville, Clark County, IN. This asset is situated north of Louisville MSA, in the rapidly expanding Southern Indiana submarket. Just off Veterans Parkway, the asset is walking distance to several large retailers. River Ridge, a 6,000-acre industrial park, is just a 15 minute drive from the property. With population and employment outpacing demand, the Southern Indiana submarket is experiencing rapid rent growth. Built in 1971, Meadows at Green Tree represents an outstanding opportunity to invest in a former LIHTC asset with value-add potential, located in a flourishing submarket.
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Meadows at Green Tree
204 Units
1418 Marlowe Drive
Clarksville, IN  47129
Closed: 1/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present Modera Prominence, a Core multifamily asset in an irreplaceable location within Atlanta. As a true trophy asset, Modera Prominence is the epitome of luxury within Atlanta’s most affluent submarket, Buckhead. The strategic North Buckhead positioning provides immediate access to a plethora of highly acclaimed restaurants and retail, while having backdoor access to Chastain Park and Central Perimeter. The property boasts premier amenities with expertly executed interiors, attracting residents with average household incomes of $230K+. Furthermore, Modera Prominence has proven out 8.6% effective rent growth since June while rapidly approaching stabilization.
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Modera Prominence
318 Units
3699 Lenox Road NE
Atlanta, GA  30305
Type: Conventional
Closed: 12/28/2021
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)
Lakeside
192 Units
1718 Northside Drive
Valdosta, GA  31602
Closed: 12/23/2021