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

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:

• Property Type: Multifamily
• Transaction Amount: $87,000,000
• Units: 482
• Price Per Unit: $180,498
• Buyer: Scott Lawlor - Waypoint Residential
• Seller: Gene Ratchford - Southwood Realty
• Brokers: Taylor Bird, Robert Stickel, Alex Brown, Nelson Abels & Laura Aylor - Cushman & Wakefield

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.