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Scott Bray
Managing Director 678.388.2507 Scott.Bray@berkadia.com
Matt White
Managing Director 404.445.1070 Matt.White@berkadia.com
Judy MacManus
Managing Director 404.654.2074 Judy.MacManus@berkadia.com
Property Name Address City, State, Zip County Units
Average Unit SF Built Buildings Stories Density Site Acreage Total Rentable SF Exterior Roof
Ashton Pointe 429 Plaza Drive Monroe, GA 30655 Walton 57
1,062 1999 8 Two-Story 13.34 Units Per Acre 9.54 Acres 60,524 Vinyl Siding Pitched, Composition Shingle
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PROPERTY INFO SUMMARY
429 Plaza Drive | Monroe | GA | 30655
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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Scott Bray (LEAD)
Managing Director 678.388.2507 Scott.Bray@berkadia.com
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
Matt White (Lead)
Managing Director 404.445.1070 Matt.White@berkadia.com
Mike Riley
Senior Director
470.681.1389
Mike.Riley@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
Ian Shaw
Director 404.654.2347 Ian.Shaw@berkadia.com
RICHARD LEVINE
Senior Managing Director
404.654.2590
Richard.Levine@berkadia.com
JOHN BRAY
Senior Managing Director
404.654.2595
John.Bray@berkadia.com
JOSH FINLEY
Managing Director
404.654.2594
Josh.Finley@berkadia.com
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
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Ashton Pointe
Ashton Pointe
SURGING NORTHEAST GEORGIA CORRIDOR
Monroe is the primary economic driver for Walton County, which has experienced a 20.7% population increase since 2015 and has recorded positive year-over-year growth every year since 1970. Additionally, all neighboring counties have also seen significant population surges over the past 20 years
WALTON COUNTY HOUSING SHORTAGE
Walton County has only 1,026 market-rate apartment units across nine properties, with no new units currently under construction. This limited inventory serves a population of 106,702, resulting in a housing ratio of just 0.96%. As a result, Walton County is one of the most underserved apartment markets in Georgia
MONROE'S BEST DEMOGRAPHICS
Ashton Pointe features an average household income of $78,253 and is located within a school district rated 7 out of 10 from elementary through high school. Homes within a half mile of the property routinely sell for over $600,000. Residents also enjoy convenient access to quality retail within a five-minute drive in every direction, including Publix, Chick-fil-A, Home Depot, and Downtown Monroe, which offers 359,000 square feet of boutique retail
DESIRABLE PHYSICAL PLANT
Built in 1999, Ashton Pointe offers an impressive amenity package for a 57-unit property. Each unit includes washer and dryer connections (appliances not provided), while second-floor units feature vaulted ceilings. The property offers one-, two-, and three-bedroom floor plans, all with spacious patios and additional storage
STRONG OPERATIONS
Ashton Pointe has demonstrated consistent performance, maintaining an average occupancy of 97.67% and an average delinquency rate of just 1.06% over the past six months. Thanks to strict tenant screening, current ownership
has filed only one eviction in the last 12 months. Additionally, over 35% of residents have lived at the property for five years or more, with the average residency exceeding four years across all units
UNTAPPED UPSIDE
While current ownership has maintained the property well, they have not pursued an aggressive value-add strategy. All unit interiors remain in classic or near-classic condition, presenting an opportunity for comprehensive renovations. Additional value can be realized by installing in-unit washer and dryer appliances. Currently, Ashton Pointe lags behind competing properties in the area by $290
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