Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges Sale for RangeWater Real Estate and NXT Capital

Cushman & Wakefield has arranged the sale of The Darby, a 282-unit apartment community located in Holly Springs, Georgia, a northern suburb of Atlanta. Robert Stickel, Alex Brown and Mike Kemether of Cushman & Wakefield represented the sellers, RangeWater Real Estate and NXT Capital, in the transaction. Mount Auburn Multifamily acquired the property.

The Darby

“The Darby closing is a notable example of a few recent and significant trends,” Stickel said. “First and foremost, Atlanta continues to attract investment capital due to its attractive returns. Second, suburban markets are demonstrating rapid absorption and favorable fundamentals. RangeWater designed, developed, and managed this exceptional asset with strong performance.”

The Darby, a newly developed and recently stabilized property, which includes high-end interior finishes with luxury amenities, sold from an Atlanta-based developer to a Los Angeles-based owner-operator. The Darby’s thoughtful design and proven performance providing an attractive basis created an outstanding investment opportunity.

The property is strategically located in one of Atlanta’s fastest growing suburban markets, Cherokee County, and offers convenient access to major job hubs, an expansive list of outdoor activities as well as shopping and dining options. In addition, growing multifamily demand in Cherokee County has created an environment for lease-ups and set the stage for future rent growth.

“Mount Auburn Multifamily was attracted to affluent demographics, excellent schools, and limited multifamily supply in Holly Springs,” Brown said. “Also, they valued The Darby’s proximity to high-quality retail and the options for its residents to commute to a variety of North Atlanta’s top employment centers.”

“We are impressed by the quality of the Darby product RangeWater delivered again during our many years of partnership, and Cushman & Wakefield provided outstanding service during the entire disposition process,” said Kevin Rostowsky, Senior Managing Director at NXT Capital. 

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 300 transactions and $7.0 billion in multifamily and land investment sales in 2019 (Source: Real Capital Analytics Market share reflects sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. For more information, visit

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit or follow @CushWake External Link on Twitter.

Cushman & Wakefield Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Americas PR Content Manager • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's Central region. She oversees media relations, thought leadership initiatives, and manages blogs and social media.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All