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101 Pine Forest Road

Scott Lawlor Of Waypoint Residential Acquires 482-Unit Mason Augusta For $87 Million
SOLDMultiFamily

Scott Lawlor Of Waypoint Residential Acquires 482-Unit Mason Augusta For $87 Million

101 Pine Forest Road

$87,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 6, 2026

AI

The 482-unit Mason Augusta apartment community located at 101 Pine Forest Road, Augusta, GA, has been sold for $87 million. The transaction reflects a per unit price of $180,498 and comes amidst strong rental demand and a limited supply of apartments in the Augusta market. The property was completed in phases between 2022 and 2024 and was 95% leased at the time of closing.

Summary of transaction details:

Waypoint Residential acquired the property with representation from Cushman & Wakefield's Sunbelt Multifamily Advisory Group, which represented the seller, Southwood Realty Co., in the transaction. The successful acquisition highlights the ongoing interest in multifamily assets in the region.

Players

Robert Stickel

Cushman & Wakefield

Broker

$661.1M

vol

9 deals

Broker
Scott Lawlor

Scott Lawlor

Waypoint Residential

Buyer

$310.2M

vol

8 deals

Buyer

Gene Ratchford

Southwood Realty

Seller

$87M

vol

1 deal

Seller

Vidor MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93