The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Slate, a 272-unit apartment community located in Savannah, Chatham County, Georgia. Situated in the burgeoning submarket of Southwest Savannah, The Slate represents an outstanding opportunity to invest in a high-quality asset in a sought-after market. Built in 2018, the property features top-of-the-line amenities and attractive unit interiors. In addition to the property’s demonstration of strong historical performance, new ownership is poised to take advantage of rent growth, and absorption, all projected to increase for the Savannah market, as incoming demand for housing outweighs current supply.
Savannah’s growth is fueled by major employers’ manufacturing and distribution centers, including Gulfstream and Amazon. Less than 30 minutes from The Slate, the new Hyundai EV plant is bringing 8,500 direct jobs to the region and marks the largest economic development in state history. With a predicted 4.7x multiplier effect, the metaplant has already served as a catalyst for over 18K additional jobs. Meanwhile, the Port of Savannah recently solidified its position as the fastest growing port on the East & Gulf coasts, contributing to over 600K statewide jobs related to port activity.
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