AUGUSTA, GA - Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Ansley at Town Center, a 358-unit multifamily community in the Evans suburb of Augusta, Georgia.
Taylor Bird, Nelson Abels, Laura Aylor, and Jaime Slocumb of Cushman & Wakefield represented the seller in the transaction. The multifamily community was sold by Spyglass Capital Partners and acquired by The Shoptaw Group.
“Ansley at Town Center offered the buyer an assumable loan which provided better than current market debt and will benefit them for years to come. The community has a proven value-add story and is located in the highly sought-after Columbia County submarket with true barriers to entry, top rated schools, and best demos and retail in the metro area,” said Bird, Executive Managing Director at Cushman & Wakefield.
Built in 2009 and 2012, Ansley at Town Center offers an opportunity to invest in a unique multifamily community that combines scale, a desirable hybrid townhome and garden style design, open-concept floor plans, and provides a value-add opportunity for new ownership to offer high-quality product in Columbia County by expanding upon an already enacted $3.3 million property improvement plan. The multifamily community also benefits from Augusta’s booming economy and provides an unmatched location with access to jobs, retail, top incomes, and a best-in-market school district.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 110-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2023, the group has closed $3.9 billion in sales volume through 125 deals and 21,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit multifamily.cushwake.com