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The Opportunity
Executive Summary
Berkadia is pleased to exclusively present Legends at Laurel Canyon, a Class A+ 266-unit garden-style apartment community in Canton, GA. Built in 2020 and situated on 27+ acres, this exceptional asset is strategically located adjacent to a Publix-anchored shopping center, within five minutes of 3M+ SF of premier retail, and within 10 minutes of Northside Hospital Cherokee, Canton’s largest employer. The Property is also afforded convenient access to 800,000+ jobs within a 45-minute drive time, given its proximity to major thoroughfares including I-575, SR 140, and SR 20.
The Property is immaculately maintained and offers a full host of best-in-class amenities and finishes. Cherokee County has benefited from explosive growth over the last decade, bringing tens of thousands of residents and jobs to the area and resulting in a surge in demand for multifamily housing. Superb area and on-site demographics, low rent-to-income ratios, and a massive discount to homeownership further set the stage for substantial future rent growth. Legends at Laurel Canyon represents an excellent opportunity to acquire a premier garden-style community in excellent physical condition at a significant discount to today’s replacement cost.
IMMACULATE COMMUNITY WITH SIGNIFICANT RENTAL UPSIDE & ACCRETIVE DEBT
Investment Highlights
Meticulously maintained Property at a significant discount to replacement cost
Assumable 3.47%, 10-year note with 6.5 years remaining (1.5 years of remaining I/O)
Average rent-to-income ratio of 19.7% supports $910 in additional monthly rent
Average rents ~$2,700/month less than a traditional mortgage payment in the area
Large floorplans averaging 1,227 SF
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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.
© 2024 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.
John Bray
Senior Managing Director 404.654.2595 john.bray@berkadia.com
Mortgage Banking
RUSS HARDY
Managing Director 404.422.0499 russ.hardy@berkadia.com GA, DRE #347522
Andrew Mays
Senior Managing Director 404.445.1067 andrew.mays@berkadia.com
Paul Vetter
Senior Managing Director 404.445.1068 paul.vetter@berkadia.com
Investment Sales
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Nestled in the foothills of the Blue Ridge Mountains, Cherokee County is known for its scenic landscape and suburban charm without sacrificing access to urban amenities. This makes the area a perfect location for families and working professionals and has contributed to its rapid population and job growth over the years.
Over the last decade Cherokee County has added 62,000+ residents and 29,700+ jobs, making it one of the fastest growing counties in the State of Georgia alongside neighboring Forsyth County which added 71,000+ residents and 33,000+ residents during the same period, a testament to the economic strength and vitality of the North Atlanta Suburbs.
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Legends at Laurel Canyon
PREMIER VALUE-ADD OPPORTUNITY
100 Legends Drive | Canton, GA | 266 Units | 2020 Built
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EXPLOSIVE GROWTH LOCATION & SUPERB AREA DEMOGRAPHICS
62,000+ residents and 29,700+ jobs added in Cherokee County over the last decade
64% population and 71% household formation growth within three miles
Average household income of $100K and average home value of $522K within three miles
FRONT DOOR ACCESS TO PREMIER RETAIL AND LIFESTYLE ACTIVITIES
Dedicated access to an adjacent Publix-anchored shopping center
3M+ SF of premier retail within a five-minute drive time
Unmatched access to lifestyle activities including camping, hiking, boating, and fishing
EXCEPTIONAL CONNECTIVITY TO NEIGHBORING EMPLOYMENT HUBS
Immediate access to I-575, SR 140, and SR 20 provides direct connectivity to major employment hubs throughout Atlanta
Located within 10 minutes of Northside Hospital Cherokee, Canton’s largest employer supporting 3,800+ jobs
800,000+ jobs within a 45-minute drive time
STRONG SUBMARKET FUNDAMENTALS
Effective rent growth of 23% over the past four years and 13% projected rent growth over the next four years
Submarket has averaged 95% occupancy over the last decade and is projected to average 96% occupancy over the next five years
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Richard Levine
Senior Managing Director 404.654.2590 richard.levine@berkadia.com
Josh Finley
Managing Director 404.654.2594 josh.finley@berkadia.com
100 Legends Drive | Canton, GA | 266 Units | 2020 Built
Atlanta Office
Three Alliance Center 3550 Lenox Road, Suite 2600 Atlanta, GA 30326
$522,000
Avg Home Price
$100,000
Avg Household Income
Market By the Numbers
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.
64%
Population Growth Since 2010
71%
Household Formation Growth Since 2010
14%
Additional Population Growth by 2029
14%
Additional Household Formation Growth by 2029
ATTRACTIVE LOAN ASSUMPTION - 3.47% RATE
WITHIN 3 MILES...
ATTRACTIVE LOAN ASSUMPTION - 3.47% RATE
100 Legends Drive | Canton, GA | 266 Units | 2020 Built
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