Ansley at Town Center is located less than a mile from Augusta's premier lifestyle center, Mullins Crossing, with access to Washington Road. That means students can reach major employment centers including Club Car, University Medical Associates, Columbia County Government, and Downtown Augusta Medical District. Multifamily property amenities include a resort-style swimming pool, a fitness center, business center, and sprawling luxurious clubhouse.

“Ansley at Town Center is a top-tier asset located in a superb school district,” says Stickel. “Furthermore, it provides residents an outstanding amenity package and convenient access to premier job centers throughout Augusta. These factors will all contribute to substantial organic rent growth.”

Cushman & Wakefield's Southeast Multifamily Advisory Group is on a multifamily roll. The team has closed $2 billion in sales volume in 2017, totaling over 130 deals and more than 25,000 units. On average, the team has experienced 63% sales growth within the last five years.

ATLANTA—Ansley at Town Center, a class A multifamily community in Augusta, GA, has traded hands. The sale price: $53.3 million. That's nearly $149,000 per multifamily unit.

Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the multifamily sale. CushWake's Robert Stickel represented the seller, Cortland Partners, in the transaction. Spyglass Capital Partners acquired the multifamily property.

“The Augusta market has seen substantial job growth recently and thus significant investment sales activity,” Stickel tells GlobeSt.com. “The multifamily sector has been especially strong as beneficiary of superior market fundamentals and there is a continued phenomenon of capital cascading into secondary and tertiary markets.”

(Downtown Augusta saw one of the largest trophy asset sale prices this year. Get all the details. This market also saw a highly-contested Publix-Walmart-anchored portfolio trade hands.)

Ansley at Town Center is located less than a mile from Augusta's premier lifestyle center, Mullins Crossing, with access to Washington Road. That means students can reach major employment centers including Club Car, University Medical Associates, Columbia County Government, and Downtown Augusta Medical District. Multifamily property amenities include a resort-style swimming pool, a fitness center, business center, and sprawling luxurious clubhouse.

“Ansley at Town Center is a top-tier asset located in a superb school district,” says Stickel. “Furthermore, it provides residents an outstanding amenity package and convenient access to premier job centers throughout Augusta. These factors will all contribute to substantial organic rent growth.”

Cushman & Wakefield's Southeast Multifamily Advisory Group is on a multifamily roll. The team has closed $2 billion in sales volume in 2017, totaling over 130 deals and more than 25,000 units. On average, the team has experienced 63% sales growth within the last five years.