Waterford Pointe

ATLANTA—Waterford Point, a 344-unit apartment community located in Lithia Springs, GA, has traded hands.

Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the sale of in metro Atlanta. CushWake's Nathan Swenson represented the seller, PointOne Holdings, in a joint venture with Biscayne Atlantic, in the transaction. Elite Street Capital acquired the property.

“Waterford Point had an impressive trend of rent growth, both organically and through value-add implementation, which the market responded to very favorably,” Swenson tells GlobeSt.com. “Additionally, being located in Douglas County, which has an effective ban on multifamily development, only added to the asset's desirability.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.