The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 72 & 56-unit Chambers Cove and Linkwood Manor apartment communities located in Macon, Bibb County, GA. This portfolio is strategically located in West Macon, moments away from big-box retailers like Sam's Club, Best Buy, Kroger, The Home Depot and minutes away from the $100M Macon Mall Revitalization project. Built in 1968, 1990 & 1995, Chambers Cove and Linkwood Manor offer an outstanding opportunity to invest in an asset primed for value-add as 100% of the units are classic allowing for large rental premiums.
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Chambers Cove & Linkwood Manor (2 properties, 128 units)
Chambers Cove
72 Units
208 Chambers Cove Drive
Macon, GA  31206
Type: Residential
Closed: 6/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 72 & 56-unit Chambers Cove and Linkwood Manor apartment communities located in Macon, Bibb County, GA. This portfolio is strategically located in West Macon, moments away from big-box retailers like Sam's Club, Best Buy, Kroger, The Home Depot and minutes away from the $100M Macon Mall Revitalization project. Built in 1968, 1990 & 1995, Chambers Cove and Linkwood Manor offer an outstanding opportunity to invest in an asset primed for value-add as 100% of the units are classic allowing for large rental premiums.
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Chambers Cove & Linkwood Manor (2 properties, 128 units)
Linkwood Manor
56 Units
3387 Rice Mill Road
Macon, GA  31206
Closed: 6/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Mariner Grove, a 320-unit luxury apartment community located in Savannah, Chatham County, Georgia. The property is strategically located near Downtown Savannah, Eastern Wharf, Port of Savannah, Tybee Island and Savannah Proper, providing great access to major economic drivers as well as top entertainment hubs. Built in 2016, Mariner Grove represents a rare opportunity to acquire a highly amenitized urban asset with robust property performance and tremendous upside shown in recent leases that are achieving 12% premiums over in-place rents. Savannah’s exceptional job market, growing industrial sectors and continued population growth will support Mariner Grove as a premier asset with boundless upside.
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Mariner Grove
320 Units
2010 East President Street
Savannah, GA  31404
Type: Residential
Closed: 6/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Glen at Alexander, a 216-unit, 2003-built apartment community located in the National Hills area of Augusta, Georgia. Glen at Alexander benefits from unparalleled access to Augusta’s best retail establishments and nearby city life. Complemented with large floor plans, there is a remarkable opportunity to invest in a cash-flowing, high quality product with potential to benefit from an elevated value-add strategy in a market with excellent apartment fundamentals. Property performance has been strong as collections have increased 10% over the past twelve months. The property has maintained an occupancy north of 94% and achieving recent leases $165 higher than in-place rents paving the way for continued growth.
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The Glen at Alexander
216 Units
1040 Alexander Drive
Augusta, GA  30909
Type: Residential
Closed: 6/6/2022
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: Residential
Closed: 4/14/2022
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: Residential
Closed: 3/16/2022
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 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: Residential
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: Residential
Closed: 2/2/2022
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: Residential
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: Residential
Closed: 1/31/2022
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
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 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: Residential
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: Residential
Closed: 12/14/2021
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: Residential
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: Residential
Closed: 11/30/2021
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: Residential
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: Residential
Closed: 11/10/2021
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 Collier Hills
120 Units
1760 Northside Drive
Atlanta, GA  30318
Type: Residential
Closed: 11/3/2021
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: Residential
Closed: 10/29/2021
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: Residential
Closed: 10/28/2021