Waterstone Apartments

JLL, as exclusive advisor, is pleased to present, for sale or recapitalization, Waterstone Apartments, a 296-unit value-add investment opportunity located in Buford, GA (the “Property” or “Waterstone”). Built in 2011, the Property consists of 1-, 2- and 3-bedroom apartments that feature designer kitchen backsplashes*, vinyl-plank flooring, lofty 9’ ceilings with crown molding, stainless steel appliances, garden soaking tubs*, custom gray cabinets, washer and dryer connections, and private balconies. Waterstone provides residents with a full suite of community amenities including a clubhouse, resort style pool, fitness center, dog park, community kitchen, business center, car wash station, and outdoor grilling areas.

Waterstone presents subsequent ownership with the opportunity to acquire a newer-vintage asset below replacement cost with the ability to capture future rental upside via cosmetic renovations. The Property is ideally positioned to cater to the area’s high earning professionals by offering access to top-rated schools at a fraction of the cost of homeownership. Furthermore, residents can rapidly commute to numerous Atlanta employment hubs via I-85 and access premier local retail destinations such as The Mall of Georgia and The Exchange at Gwinnett.

*in select units