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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 118-unit The Park at Peachtree Hills apartment community located in Atlanta, Fulton County, Georgia. This asset is situated in the burgeoning Lindbergh submarket of Buckhead, which is wedged between the Piedmont Road and Peachtree Road corridors with immediate access to GA Highway 400, Interstates 85/75, and MARTA transit. The superlative locale is flourishing with new upscale developments redefining the south Buckhead district. Built in 1965, The Park at Peachtree Hills offers a rare opportunity to invest in a value-add asset with an irreplaceable location in one of the most affluent rental markets in Atlanta.
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The Park at Peachtree Hills
118 Units
480 Peachtree Hills Avenue NE
Atlanta, GA  30305
Type: Conventional
Closed: 12/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Hill, a 287-unit community strategically positioned in the heart of Atlanta’s medical powerhouse, Pill Hill. The Hill directly benefits from 20K+ healthcare jobs within a half-mile radius as well as direct access to Atlanta’s top employment and entertainment districts. Also, the property’s Brookhaven residential setting has a distinct neighborhood feel while boasting an average household income of $157K. High barriers to entry will shield The Hill from new supply, with no developable sites available in the immediate area and significant municipal zoning restrictions in the city of Sandy Springs.
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The Hill
287 Units
1160 Johnson Ferry Rd NE
Sandy Springs, GA  30342
Type: Conventional
Closed: 12/16/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 120-unit Ormond Plantation apartment community located in Metro New Orleans in Destrehan, LA. This highly desirable submarket is a quaint New Orleans suburb located along the Mississippi River and has virtually no competing multifamily properties. With over $2.35M ($19K+ per unit) in strategic capital improvements and renovations spent in the last four years, prior ownership upgraded every aspect of the property, allowing new ownership the opportunity to focus on a minor value-add program. The property repositioning has bolstered its performance, highlighted by 8.9% year-over-year income growth since April 2017. Ormond Plantation presents the opportunity to acquire one of the nicest assets in the Destrehan market.
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Ormond Plantation
120 Units
1952 Ormond Boulevard
Destrehan, LA  70047
Type: Conventional
Closed: 12/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 269-unit The Reserve at Ridgewood apartment community located in Sandy Springs, Fulton County, Georgia, where 85% of the 2005-incorporated city's residential land allows for only detached, single-family homes. The Reserve at Ridgewood is located less than a mile NW of the North Springs MARTA Transit station, and offers desirable access to Roswell Road retail and best-in-metro access to Atlanta's top employment districts. The nearby Central Perimeter corporate center, home to the new Mercedes-Benz and State Farm corporate campuses, is Atlanta's largest job base with 33M SF of office and 135,000+ employed.
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The Reserve at Ridgewood
269 Units
7100 Roswell Road NE
Sandy Springs, GA  30328
Type: Conventional
Closed: 11/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 508-unit 3500 The Vine apartment community located in Peachtree Corners, Gwinnett County, Georgia. This asset is desirably positioned just off Peachtree Industrial Blvd., along the thriving I-85 northeast corridor. Since acquisition, current ownership has invested $2.9M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and significant potential for the next investor to completely round out the community. Built in 1981, 3500 The Vine offers an excellent opportunity to acquire a repositioned asset in a high-growth submarket with proven value-add upside.
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3500 The Vine
508 Units
3500 Peachtree Corners Circle
Peachtree Corners, GA  30092
Type: Conventional
Closed: 11/21/2019
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 and Commercial Kentucky are excited to present the exclusive listing of the 300-unit Axis on Lexington community in Louisville, Jefferson County, Kentucky. Completed in November 2017 and representing the ultimate in downtown living, Axis on Lexington is embedded in one of Louisville’s trendiest urban neighborhoods. With Louisville catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Population is projected to expand 20% by 2040, while jobs are projected to increase by nearly 10% by 2022. Axis on Lexington will be able to capitalize on this growth and provides investors a rare opportunity to own one of Louisville’s newest assets.
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Axis on Lexington
300 Units
303 Axis Drive
Louisville, KY  40206
Type: Conventional
Closed: 10/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 232-unit 464 Bishop apartment community in the affluent Loring Heights, Buckhead’s southernmost neighborhood. Completed in 2017, this top-of-market urban infill midrise represents an impressive long-term hold opportunity due to the unwavering job growth in Midtown and new commercial development in West Midtown. Strategically rooted in Loring Heights, surrounded by game-changing development, and the emergence of the westside Beltline positions 464 Bishop to continue driving rents. The recently stabilized 464 Bishop has demonstrated substantial effective rent growth and concession burn-off through the fourth quarter of 2018, demonstrating the unlimited long-term asset appreciation.
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464 Bishop
232 Units
464 Bishop Street
Atlanta, GA  30318
Type: Conventional
Closed: 10/16/2019