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The Opportunity
Executive Summary
Berkadia is pleased to exclusively present Lakeside at Arbor Place, a striking 246-unit multifamily community located in the high-growth West Atlanta Industrial Corridor offering an outstanding Value-Add Opportunity. Built in two phases in 1988 and 1996 and situated on 25+ acres, the Property features ample green spaces surrounding a six-acre lake, providing residents with serene views embedded within a mature landscape of trees and a beautifully landscaped environment. Benefiting from its strategic location less than one mile from I-20, the Property offers unmatched connectivity throughout metro Atlanta and a 10-minute drive time to the Fulton Industrial CID, the largest industrial community improvement district on the eastern seaboard and home to 32K+ jobs. The Property is immersed within 5M+ SF of retail within a five-minute drive time and is directly walkable to a Kroger anchored shopping center, a Publix, and a Chick-Fil-A.
Due to its strategic location, superb area demographics, limited new supply, and Douglas County’s explosive population and job growth, the Property has performed exceptionally well, boasting total rent growth of 28% since 2021 while maintaining an average occupancy of 95%. The next owner will have the opportunity to renovate unit interiors with luxury-level finishes and close the gap between vintage and new product peers. This, in addition to a series of revenue boosting strategies, has the potential to generate an additional $915,000 of income annually and reposition the Property as the go-to luxury provider in the area. Lakeside at Arbor Place represents an excellent opportunity to acquire a high-performing value-add asset with plenty of headroom for significant rental upside.
Investment Highlights
The Location
PHOTO GALLERY
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
MATT WHITE (LEAD)
Managing Director
404.445.1070 matt.white@berkadia.com
GA #348245
Andrew Mays
Senior Managing Director 404.445.1067 andrew.mays@berkadia.com
GA, DRE #238374
Investment Sales
CONTACT Info
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PRIVACY
TERMS OF USE
SUMMARY & HIGHLIGHTS
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Terms of Use
Privacy
Douglas County has seen remarkable economic growth, fueled by its strategic location near Metro Atlanta, its pro-business environment, and strong infrastructure. The county’s proximity to major transportation networks including I-20, I-285, and the Hartsfield-Jackson International Airport has made it an attractive destination for businesses in logistics, manufacturing, and warehousing, while continued investment in industrial development, film production, medicine, and public works projects has created numerous job opportunities, driving economic expansion and diversifying the regional economy. Coupled with a strong sense of community, excellent schools, and a rising population, Douglas County has emerged as a vibrant hub of economic activity in the region.
THE PROPERTY
DOC CENTER
DOC CENTER
+ 100% Two- and Three-Bedroom Townhomes
Spacious, two- and three-bedroom Townhome floorplans averaging 1,346 SF
+ Substantial Capital Infusion
$6,318,979 ($28,723/unit) total invested in asset preservation, curb appeal, and resident experience including $1,839,774 ($8,363/unit) invested in interiors
+ Proven Value Add
Opportunity to renovate 131 (59.6%) classic units and achieve $136+ premiums.
+ Subject Qualifies for Noise Insulation Program
Property-wide replacement of all windows, doors, and sliders funded by the FAA.
+ Proximate to State’s Largest Employer and World’s Busiest Airport
Hartsfield-Jackson Atlanta International Airport employs over 63K individuals and handles 100MM passengers annually.
+ Dramatically Improving Property Performance
Current ownership has taken advantage of recent landlord-friendly legislation, improved collections, and is now beginning to push occupancy. Today, the property sits at 95% occupancy with a minimal aged receivables balance.
Richard Levine
Senior Managing Director 404.654.2590 richard.levine@berkadia.com
Josh Finley
Managing Director 404.654.2594 josh.finley@berkadia.com
2609 Charlestown Drive | College Park, GA 30337
SCOTT BRAY (LEAD)
Managing Director
678.388.2507 scott.bray@berkadia.com
GA #436413
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.
Atlanta Office
Three Alliance Center 3550 Lenox Road, Suite 2600 Atlanta, GA 30326
65%
POPULATION GROWTH Since 2000
$98,000
Average Household Income
28%
Employment Growth by 2050
36%
Renter Occupied Housing Within 3-Miles
14,300
Jobs Added by 2050
2609 Charlestown Drive | College Park, GA 30337
Classic
Seller Renovated
220 Units | Built 1970 | Renovated 2023
100% Two- and Three-Bedroom Townhomes
Spacious, two- and threebedroom Townhome floorplans averaging 1,346 SF
+ Expense Savings
Controllable operating expenses are well above the expense comp average, offering the new owner the opportunity to generate expense savings of at least 34.9%
+ Wallet Share
Current in-place rents ($1,335) accounts for just 21.2% of monthly average household income within a three-mile radius of subject
+ Discount to Homeownership
Monthly mortgage payments ($2,612) for average value home in area outpace Westpoint Creek Townhomes’ market rent ($1,425)
+ Recent Legislation and Improving Court System
+ Recent developments on the state and the county level aid landlords in property management and operations.
+ Senate Bill 68, recently passed by the Georgia Senate, aims to reform the state’s civil lawsuit process by making it more difficult for individuals to file lawsuits and limiting the monetary damages that can be awarded.
PROPERTY DETAILS Type Style Year Built | Renovated METERING Air Conditioning Heat Domestic Hot Water Electric Water BUILDING / LAND Number of Buildings Number of Stories Exterior Roof Site Acreage Density Parking
Multifamily Garden 1970 | 2023
Individual Electric Individual Electric Individual Electric Georgia Power City of College Park
32 1 and 2 Masonry Pitched with Composition Shingles 22.62 9.73 Units Per Acre 300 Spaces
COMMUNITY AMENITIES
Swimming Pool
Playground
Dog Park
Amazon Package Lockers
Landscaped Grounds
UNIT AMENITIES
Spacious Floor Plans
Modern Cabinetry
Upgraded Flooring
Upgraded Lighting
Full Size Washer and Dryer Connections
Paul Vetter
Senior Managing Director 404.445.1068 paul.vetter@berkadia.com
GA, DRE #261596