The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 780 units)
Villas at Lawson Creek
202 Units
9159 Asheville Highway
Boiling Springs, SC  29316
Type: Conventional
Closed: 12/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 780 units)
The Lexington
190 Units
2620 Lejuene Drive
Biloxi, MS  39531
Type: Conventional
Closed: 12/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 500-unit University Oaks apartment community located in Athens, Clarke County, Georgia. This asset is situated in the highly sought-after area of West Athens, characterized by its easy access to premier retail (Fresh Market, Chick-fil-a, Starbucks and Target) as well as Downtown. Centrally located within 5 minutes of Athens’ core economic drivers providing access to nearly 15k jobs; including University of Georgia, St. Mary’s Healthcare, and Piedmont Athens Regional Hospital. Built in 1965, University Oaks represents an outstanding opportunity to invest in a proven value-add asset located in one of the state’s most fundamentally desirable markets.
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University Oaks
500 Units
2360 West Broad Street
Athens, GA  30606
Type: Conventional
Closed: 11/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 104-unit Vintage Creek apartment community located in Augusta, Richmond County, Georgia. This asset is situated in west Augusta, close to major retail and restaurant corridors. Built in 1972, Vintage Creek represents an outstanding opportunity to invest in a nearly untouched asset that is primed for renovation. Its central location gives Vintage Creek immediate access to over 50K Downtown employment opportunities and 25K Fort Gordon jobs.
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Vintage Creek
104 Units
1924 North Leg Road
Augusta, GA  30909
Type: Conventional
Closed: 9/29/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of the 241-unit Lofts at Zebulon apartments in Macon, Georgia. Completed in 2019, Lofts at Zebulon represents an outstanding opportunity to invest in a high-performing, best-in-class asset. Lofts at Zebulon is primed to explore additional revenue streams through second generation lease growth, charging for additional utilities, digital monument advertising, and on-site retail. The property is located adjacent to the premier shopping district Plantation Center and in a market with impressive fundamentals. The Macon-Warner Robins MSA is supported by its major economic drivers: Healthcare, Education, Manufacturing and Aerospace. Major employers such as Geico, Amazon, Navicent Health, Robins Air Force Base, and Tyson call Middle-Georgia home.
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Lofts at Zebulon
241 Units
5801 Zebulon Road
Macon, GA  31210
Type: Conventional
Closed: 4/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 82-unit Petersburg Place apartment community in Northwest Augusta, Georgia, in the desirable suburb of Columbia County. With a strategic location along busy Riverwatch Parkway within six miles of downtown Augusta, the property offers quick accessibility to major employment, health care and retail centers. Home to some of the state’s best schools, Columbia County benefits from strong demand and rent growth, bolstered by extreme barriers, which have fueled the success of the subject’s in-place upgrade program. Built in 1985, Petersburg Place’s overall market position has been elevated with recent capital investments of over $1M and offers investors more revenue-generating upside as interior upgrades are completed.
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Petersburg Place
82 Units
3584 Riverwatch Parkway
Martinez, GA  30907
Type: Conventional
Closed: 2/11/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Georgetown Crossing
168 Units
1015 King George Boulevard
Savannah, GA  31419
Type: Conventional
Closed: 12/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Paces Brook
260 Units
113 Paces Brook Avenue
Columbia, SC  29212
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Retreat at Schillinger
270 Units
1313 Schillinger Road South
Mobile, AL  36695
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
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Ashley Woods & Whispering Woods (2 properties, 204 units)
Ashley Woods
96 Units
3900 Northside Drive
Macon, GA  31210
Type: Conventional
Closed: 11/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
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Ashley Woods & Whispering Woods (2 properties, 204 units)
Whispering Woods
108 Units
4411 Northside Drive
Macon, GA  31210
Type: Conventional
Closed: 11/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Estates at Barrington apartment community located in Macon, Bibb County, Georgia. This asset is situated in the charming Barrington Hall community in Northwest Macon, desirable for its unique neighborhood setting paired with excellent access to the market’s finest retail corridors. Macon’s excellent apartment market fundamentals have made way for proven value-add renovation strategies as well as new development that is raising the rent ceiling for the Class A market. Built in 1995, Estates at Barrington Hall arrives generously amenitized and in prime condition to benefit from an aggressive value-add strategy with potential to increase potential annual income by more than $333K.
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Estates at Barrington
176 Units
301 Barrington Hall Drive
Macon, GA  31210
Type: Conventional
Closed: 11/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Shoreham apartment community located in Albany, Dougherty County, Georgia. This asset is situated in the desirable Northwest Albany area along arterial corridor, Dawson Road, which quickly connects residents to the market’s premier retail and major job hubs. Built in 1968, Shoreham represents an outstanding opportunity to invest in a moderately renovated, value-add primed asset, poised to benefit from several new jobs coming in the next 12 months, including a brand new hospital (350 jobs) and Georgia-Pacific’s new lumber plant (230 jobs).
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Shoreham
176 Units
2001 Dawson Road
Albany, GA  31707
Type: Conventional
Closed: 11/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Ellis, a timeless apartment community located in Savannah, GA. Completed in 2019, The Ellis represents a rare opportunity to acquire one of Savannah’s only fully-amenitized, true Class A multifamily assets near Downtown. The property’s strategic market position provides a compelling value proposition with direct connectivity to a plethora of retail, dining, and entertainment, as well as convenient access to the barrier islands. The Ellis will directly benefit from Savannah’s continued population and job growth, as well as the city’s prolific economic impact on Georgia and the nation.
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The Ellis
235 Units
3 Woodcock Road
Savannah, GA  31404
Type: Conventional
Closed: 10/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 71-unit apartment community located in Warner Robins, Houston County, Georgia. This asset is situated strategically just 2.5 miles from Robins Air Force Base, which recently announced aggressive strategy to add 1,200 tech and cyber security related jobs to Warner Robins. Built in 1976, Stonehenge represents an outstanding opportunity to invest in a value-add ready asset in a submarket with superb growth indicators and market fundamentals, as Middle Georgia maintains its place as a leading Georgia growth market.
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Stonehenge
71 Units
613 Greenbriar Road
Warner Robins, GA  31093
Closed: 9/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 62-unit two-property Carrollton Portfolio located in Carrollton, Carroll County, Georgia. Residents of Carrollton are attracted to the city’s high quality of life, abundance of recreation, and convenient access to Atlanta’s westside job hubs within 40 minutes. Notably, these properties are within the Carrollton City School district, which was just ranked the #8 “Best School District in Georgia” by Niche.com for 2019. Situated in the desirable southside area of Carrollton, these properties are highly accessible to the market’s major employers and premier retail. Built in 1974 and 1980 and located less than a quarter mile apart, Governor’s Court and Maple Ridge together represent an outstanding opportunity to invest in a value-add ready, synergistic portfolio in a flourishing suburban Atlanta community.
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Carrollton Portfolio (2 properties, 62 units)
Governor's Court
40 Units
201 Hays Mill Road
Carrollton, GA  30117
Type: Conventional
Closed: 9/6/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 62-unit two-property Carrollton Portfolio located in Carrollton, Carroll County, Georgia. Residents of Carrollton are attracted to the city’s high quality of life, abundance of recreation, and convenient access to Atlanta’s westside job hubs within 40 minutes. Notably, these properties are within the Carrollton City School district, which was just ranked the #8 “Best School District in Georgia” by Niche.com for 2019. Situated in the desirable southside area of Carrollton, these properties are highly accessible to the market’s major employers and premier retail. Built in 1974 and 1980 and located less than a quarter mile apart, Governor’s Court and Maple Ridge together represent an outstanding opportunity to invest in a value-add ready, synergistic portfolio in a flourishing suburban Atlanta community.
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Carrollton Portfolio (2 properties, 62 units)
Maple Ridge
22 Units
1101 Maple Street
Carrollton, GA  30117
Closed: 9/6/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 56-unit Ashton Pointe apartment community located in Monroe, Walton County, Georgia. This asset is situated in the rapidly growing city of Monroe, located just 30 minutes east of Atlanta’s city center, directly accessible via Highway 78. Walton County is not only fundamentally strong in terms of apartment market indicators, but job growth is expected to surge with recent announcements, including a major pharmaceutical merger that will eventually add 500 jobs. Built in 1999, Ashton Pointe will soon be free from all LIHTC restrictions as it completely phases out by October 2019, allowing a new investor to initiate a full value-add strategy.
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Ashton Pointe
56 Units
429 Plaza Drive
Monroe, GA  30655
Type: LIHTC
Closed: 8/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of 216-unit The Glen at Alexander apartment community in Augusta, Georgia. Strategically situated in desirable West Augusta just east of Interstate 20 and Washington Road, The Glen at Alexander benefits from unparalleled access to the city's best retail establishments and downtown. Built in 2003 and well stocked relative to amenities and features, the subject offers an outstanding 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 and very low Class A competition.
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The Glen at Alexander
216 Units
1040 Alexander Drive
Augusta, GA  30909
Type: Conventional
Closed: 7/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 238-unit apartment community, The Oaks, located in Athens, Clarke County, Georgia. This asset is situated in the sought-after area of Eastside Athens, characterized by its easy access to essential retail (Publix, Kroger, and plentiful restaurants) as well as University of Georgia’s expanding Eastside campus. The high-barriers Athens market continues to have annual rent growth exceeding 5% and extremely constrained occupancies. Built in 1970/1972, The Oaks is primed for market-supported rent growth, offers proven value-add implementation, and arrives with $3.4M in total capital improvements since 2015.
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The Oaks
238 Units
175 Woodlake Pl
Athens, GA  30605
Type: Conventional
Closed: 7/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Ironwood in North Augusta, South Carolina. Located within a brand new mixed-use development, ballpark-anchored Riverside Village, The Ironwood stands alone as the premier, true Class AA market leader. Driven by the cybersecurity phenomenon, Augusta is projected to be the #1 job growth leader in 2019, justifying aggressive apartment market rent growth projections. Excellent walkability, riverfront lifestyle, unmatched array of amenities, and quick access to downtown’s burgeoning job hub together allow The Ironwood to serve the highest echelon of Augusta renters. Having demonstrated very impressive lease-up velocity, this asset faces virtually zero direct competition and is on track to stabilize in less than one year’s time leasing - offering immediately capturable second-generation rent growth. Notably, Riverside Village is within an Opportunity Zone, within TIF-approved development, and is assigned a fixed tax expense schedule through 2048.
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The Ironwood
280 Units
339 Railroad Avenue
North Augusta, SC  29841
Type: Conventional
Closed: 7/22/2019
The Cushman & Wakefield Student Housing Capital Markets Team and Southeast Multifamily Advisory Group is pleased to present the exclusive listing of University Lofts, a 45-unit, 180-bed student housing community located in Carrollton, Georgia. Located adjacent to the University of West Georgia (UWG) campus, the property offers its residents the convenience and luxury of one of the best pedestrian locations within the surrounding off-campus housing market.45
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University Lofts
45 Units | 180 Beds
785 Lovvorn Road
Carrollton, GA  30117
Type: Student
Closed: 4/9/2019
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