Georgia Apartment Community Sells for $210,396 Per Unit

Cushman & Wakefield has arranged the $42.5 million sale of One White Oak, a 202-unit apartment community located in Cumming, Georgia. Mike Kemether, Travis Presnell and Alex Brown of Cushman & Wakefield represented the seller, GJ Enterprises, in the transaction. Rance King Properties acquired the property.

“One White Oak has one of the strongest barrier stories in all of Atlanta,” Kemether said. “It is recognized as one of the true luxury apartment living options in Atlanta’s northern suburbs. When you couple this with Forsyth County’s historic affluence and recent explosive growth – and you wrap this in a bow of no meaningful new apartment deliveries to speak of – you have an investment that will likely have a long runway of strong returns.”

Completed in November 2017, One White Oak benefits from its location two miles east of the busy GA 400/Hwy-20 interchange, home to the expanding Northside Hospital Forsyth campus. Positioned at the north end of the GA 400 corporate corridor and ranked by Forbes as one of the country’s wealthiest counties, Forsyth County is one of the fastest-growing counties in the U.S. and offers some of the highest-ranked schools in the state. Amenities include a resort-style pool with an infinity edge, dog park and spa, media room with kitchen, fitness center with high-tech machines, organized community activities and more.

Cushman & Wakefield’s Southeast Multifamily Advisory Group is the most active firm in the region, with the No. 1 market share based on transactions and sales volume reported to CoStar. In 2017, the group closed $4.8 billion in sales volume through 268 deals and more than 55,000 units. For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.comor follow @CushWake on Twitter.