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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 20.42-acre Parkside Multifamily Development Site in Port Wentworth, GA. Zoned and entitled by-right for multifamily, current plans call for 235 multifamily apartment units to be built on the site. Building permits are already in hand for the site, which will be just down the road from Port Wentworth’s new $30 million, 150-acre Recreation Park. The site is less than 2.5 miles from a Publix. It is also notably 4 miles from Georgia Tech Savannah and 7.5 miles from the Savannah/Hilton Head International Airport. Port Wentworth, nicknamed Savannah’s Front Porch, has witnessed an explosion in population, more than doubling in size between the last two US Censuses. The city has benefited from Savannah’s port and industrial expansion and boasts a strong job market. Chatham County’s Class A multifamily market has surged, and average rents are expected to exceed $2,000 in 2023. The Parkside Multifamily Development Site presents an enticing, shovel-ready opportunity to break into a booming multifamily market with scale.
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Parkside Development Highway 30 Land
20.42 Acres
436 Highway 30
Port Wentworth, GA  31407
Type:  Land
Closed: 4/5/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit Latitude at Richmond Hill apartment community located in Richmond Hill, Bryan County, Georgia. This asset is situated in the desirable Richmond Hill submarket of south Savannah, sporting strong demographics, top schools, and explosive job growth. Built in three phases (2007, 2015 and 2019), Latitude at Richmond Hill represents an outstanding opportunity to invest in a property that consists of 100% classic units and can achieve $195+ rent premiums through a moderate value-add program. The property has seen $1.1M+ spent on capital expenditures including new signage and rebranding, landscaping, and major amenity enhancements. Recent Savannah job announcements are headlined by 17.5K+ new jobs, with 12.5K to be located in Bryan County. This includes the Hyundai EV Plant (8,500 jobs) and Hyundai Mobis (1,500 jobs) - part of the largest economic development project in Georgia history.
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Latitude at Richmond Hill
192 Units
1821 Buckeye Drive
Richmond Hill, GA  31324
Closed: 2/2/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 247-unit Soncel at the Lakes apartment community located in Kingsland, Camden County, Georgia. This asset is situated in the strategically-located I-95 corridor, within driving distance of the ports of Brunswick, Jacksonville, and Savannah as well as having rail access throughout the County. Built in 1990 through 2018, Soncel at the Lakes represents an outstanding opportunity to invest in a proven value-add property seeing $200+ rent premiums with the ability to usher in an additional ~$400 premiums by bringing renovations up to market comparables. Residents of Soncel at the Lakes benefit from close proximity to one of the area's major employers (SE Georgia Health Systems - Camden Campus, 2,200 jobs), top Camden County schools, and ease of travel to Jacksonville, Florida's robust job economy (830K workforce pool).
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Soncel at the Lakes
247 Units
140 Lakes Boulevard
Kingsland, GA  31548
Closed: 1/4/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Hunter's Run apartment community located in Macon, Bibb County, Georgia. This asset is situated in the highly-coveted West Macon submarket. Built in 2001, Hunter's Run represents and outstanding opportunity to invest in a property that has nearly original interiors, allowing for new ownership to achieve $210 rent premiums through a value-add program. This property has undergone $800K of exterior and interior capital expenditures which include all new roofs, siding tune-up, pool enhancements, and interior renovations. Hunter's Run benefits from direct access to I-475 (1.5 miles), top retail including Publix, Walmart, Sam's Club, Kroger, Aldi, Chick-fil-A, the $100M Macon Mall renovation project, as well as proximity to 57K+ jobs.
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Hunter's Run
176 Units
6001 Thomaston Road
Macon, GA  31220
Closed: 12/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ansley at Town Center, a 358-unit apartment community located in the affluent submarket of Evans, Columbia County, Georgia. Built in 2009 and 2012, Ansley at Town Center offers an opportunity to invest in a unique asset that combines scale, a desirable townhome & garden style hybrid, open-concept floor plans, and proven value-add. New ownership can continue a recent injection of $3.3M+ in property improvement to provide quality product for the Columbia County market with unmatched access to jobs, retail, top incomes, and best-in-market school district. Augusta’s booming economy is supported by robust market fundamentals and recent job announcements that include Solvay Specialty Polymers, the $2B renovation of Fort Gordon, and new Savannah River Nuclear Solutions construction with 2,500+ trade workers expected.
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Ansley at Town Center
358 Units
1000 Alder Way
Evans, GA  30809
Type:  Multifamily
Closed: 10/30/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Spanish Mission, the 150-unit apartment community located in Valdosta, Lowndes County, Georgia . This asset is located in the thriving and desirable North Valdosta submarket, bolstered by population growth, high income households and home prices, and ease of access to major employers (South Georgia Medical, Valdosta State University, and Moody's Air Force Base) along with top retail. Built in 1973, Spanish Mission offers an outstanding opportunity to invest in a well-maintained property with $1.5M+ spent on interior and exterior capital expenditures in a growing Valdosta economy.
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Spanish Mission
150 Units
422 Connell Road
Valdosta, GA  31602
Type:  Multifamily
Closed: 10/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bradley Pointe, a 144-unit, 2004-built apartment community located in the Georgetown submarket of Savannah, sporting top demographics and high barriers to entry. Bradley Pointe represents an opportunity to complete the repositioning of an asset with massive unrealized potential in the Georgetown submarket. In addition to exiting LIHTC compliance, Bradley Pointe has completed light renovations on 92% of units, earning $175 premiums over the remaining classic units. By elevating the renovation plan and introducing traditional market elements to the property, new ownership can complete Bradley Pointe’s transition into a full market product and and push rents an additional $250+, as Georgetown and Savannah continue to see some of the top job growth in the nation.
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Bradley Pointe
144 Units
1355 Bradley Boulevard
Savannah, GA  31419
Type:  Multifamily
Closed: 9/8/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Retreat at Savannah, the 112-unit apartment community located in Savannah, Chatham County, Georgia. This asset is located directly off Victory Drive which includes top-line retail and Grayson Stadium which is the home of the Savannah Bananas. Built in 1980, Retreat at Savannah represents an outstanding opportunity to invest in a proven value-add property seeing $200 rent premiums with additional $105+ premiums by completing the renovation throughout. This opportunity is bolstered by 16K+ recent job announcements in the area, including Gulfstream (1,600) and a new Hyundai EV plant (8,100), the latter of the two being the largest economic development project in Georgia history.
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Retreat at Savannah
112 Units
2323 Downing Avenue
Savannah, GA  31404
Type:  Multifamily
Closed: 9/8/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Drayton Tower, a 99-unit luxury apartment community with street-level retail located in Savannah, Georgia. Built in 1951 and renovated in 2013, Drayton Tower is a high-octane asset in the heart of Historic Savannah, boasting thoughtful modern finishes and captivating views. This property is strategically positioned next to high-end retail, several major mixed used developments, great proximity to SCAD, and holds irreplaceable visibility as the tallest multifamily asset in Downtown Savannah. Drayton Tower provides elite access to nearly 40K jobs, boutique restaurants/bars, and the beaches of Tybee Island. As one of Savannah’s premier multifamily assets, Drayton Tower will benefit from the continued population and job growth of Georgia’s fastest growing city, outranking neighboring east-coast markets. The recently announced Bryan County Hyundai plant and Amazon fulfilment center at the Pooler Mega-Site are expected to bring a combined 9K+ jobs for the Savannah area, further adding to the city’s explosive development. Drayton Tower offers attractive assumable debt, providing two remaining interest-only years at a 4.10% interest rate on $23.7MM in principal.
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Drayton Tower
99 Units
102 East Liberty Street
Savannah, GA  31401
Type:  Multifamily
Closed: 8/16/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 114-unit Arden Place apartment community located in Warner Robins, Houston County, Georgia. This asset is situated strategically northeast of major retail centers including Target, Walmart Neighborhood Market, Home Depot, Lowe’s, and Kroger, and just west of Robins Airforce Base. Built in 1983, Arden Place represents an outstanding opportunity to invest in a proven value-add asset achieving rent premiums of $250 on renovated units. The community is situated in the rapidly-expanding area of Watson Boulevard with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Arden Place
114 Units
835 Johnson Road
Warner Robins, GA  31093
Type:  Multifamily
Closed: 6/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Hawthorne at the Crest apartment community located in Ooltewah, Hamilton County, Tennessee. A high growth suburb in Chattanooga, Ooltewah is minutes away from the 1,400 acre Volkswagen production facility, 1M SF Amazon distribution center, as well as several major retail corridors. With the completion of construction in July 2022, Hawthorne at the Crest is set to excel through the combination of strong demographics and demand for quality product. It's completion coincides perfectly with Volkswagen's April 2022 announcement of 1,000 additional jobs being added to its Chattanooga factory.
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Hawthorne at the Crest
176 Units
5060 City Station Drive
Ooltewah, TN  37363
Type:  Multifamily
Closed: 10/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Stonegate & Stonehenge portfolio offering located in Warner Robins, Houston County, Georgia. This portfolio is situated in rapidly-expanding area of Watson Boulevard of Warner Robins. Built in 1969-1976, the portfolio represents an outstanding opportunity to invest in an untapped value add-potential in a growing market. With primarily classic units, the Portfolio offers new ownership the opportunity to completely renovate the property and garner a 22% ROI, boosting rent premiums an average of $136.
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Stonegate & Stonehenge (2 properties, 196 units)
Stonegate
126 Units
505 Northside Drive
Warner Robins, GA  31093
Type:  Multifamily
Closed: 9/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Stonegate & Stonehenge portfolio offering located in Warner Robins, Houston County, Georgia. This portfolio is situated in rapidly-expanding area of Watson Boulevard of Warner Robins. Built in 1969-1976, the portfolio represents an outstanding opportunity to invest in an untapped value add-potential in a growing market. With primarily classic units, the Portfolio offers new ownership the opportunity to completely renovate the property and garner a 22% ROI, boosting rent premiums an average of $136.
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Stonegate & Stonehenge (2 properties, 196 units)
Stonehenge
70 Units
613 Greenbriar Road
Warner Robins, GA  31093
Closed: 9/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Preserve at Columbus Park, a 300-unit, 2012-built apartment community located in the highly desirable location of North Columbus. Completed in 2012, The Preserve at Columbus Park represents the unique opportunity to acquire a newer-build, stabilized, quality product with exceptional value-add potential. This community is located in the North Columbus submarket, home to many of the region’s largest employers including TSYS, Aflac national headquarters, Piedmont Hospital & Columbus’ single, largest retail destination. The location boasts top-rated schools, excellent demographics, and claim to the city’s most sought-after residential address.
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The Preserve at Columbus Park
300 Units
5462 Whittlesey Blvd.
Columbus, GA  31909
Type:  Multifamily
Closed: 8/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Pine Ridge apartment community located in Albany, Dougherty County, Georgia. Built in 1980, Pine Ridge has undergone significant capital improvements, and offers value-add upside. A new investor has the opportunity to finish the in-place renovation program, boost renovations another level and organically push rent an additional $175+, achieving an ROI of 39% without reaching top of market. The community 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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Pine Ridge
232 Units
333 S. Mock Road
Albany, GA  31705
Closed: 7/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 60-unit Shy Manor Terrace apartment community located in Moultrie, Colquitt County, Georgia. This asset is strategically located in the Northern corridor providing quick access to Moultrie’s major economic drivers "Eds & Meds." Built in 1972, Shy Manor Terrace represents an outstanding opportunity to invest in a guaranteed cash flowing asset in an under-supplied affordable housing market. Due to a recent study, Shy Manor Terrace also has the ability to benefit from a Mark-to-Market program allowing rents to increase $200+ while maintaining an affordable property and within HUD/Section 8 guidelines. This rental increase would boost revenues by $145,000 annually.
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Shy Manor Terrace
60 Units
800 Northside Drive
Moultrie, GA  31768
Closed: 7/28/2022
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