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:
- 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.
Players
Vidor MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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