AUGUSTA, GA. – July 8, 2026 – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced it has brokered the $87 million sale of Mason Augusta, a 462-unit apartment community located in Augusta, Georgia. The transaction equates to approximately $188,000 per unit.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group—Taylor Bird, Robert Stickel, Alex Brown, Nelson Abels and Laura Aylor—represented the seller, Waypoint Residential. The buyer was Southwood Realty Co.
Located at 101 Pine Forest Road, Mason Augusta was constructed in two phases, with initial delivery in 2022 and final completion in 2024. At the time of sale, the community was 95% leased. The property features a mix of one-, two- and three-bedroom units ranging from 685 to 1,321 square feet. Residences offer two distinct interior finish packages, providing residents with flexibility in style and price point.
The community offers a robust amenity package, including a state-of-the-art fitness center with yoga and spin studio, resort-style pools with sundecks and tanning ledges, a clubhouse with e-lounge and coffee bar, a game room, work-from-home business center, and a dining and lounge terrace with outdoor fireplace. Additional features include an automated parcel system, dog park and indoor pet spa, Wi-Fi-enabled common areas, garages, and curated outdoor gathering spaces with grilling kitchens and fire pits.
“Strong investor interest in Mason Augusta underscores continued confidence in Augusta’s durable fundamentals—particularly its steady population growth, relative affordability, and sustained rent gains,” said Bird, Cushman & Wakefield Vice Chair. “Combined with the asset’s lease-up momentum and favorable market fundamentals, the property is well-positioned for continued outperformance in the years ahead.”
Positioned between I-20 and I-520, the community offers convenient connectivity throughout the region and is less than 15 minutes from downtown Augusta. Residents benefit from over 5,000 jobs within five miles of the property, including ADP (1,500+ jobs) and Doctor’s Hospital (1,800+ jobs) and nearby national retailers such as Target, Old Navy and Dick’s Sporting Goods. Augusta’s economy continues to expand, supported by government, healthcare and advanced manufacturing sectors, and the market is projected to add more than 13,000 jobs over the next five years, including new positions at companies such as GF Casting Solutions and Aurubis AG. With the highest projected rent growth in secondary markets in Georgia, coupled with the limited supply & elevated tenant demand, Augusta is primed for future rental upside.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is an 80-person investment sales team covering 13 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2025, the group closed $6 billion in sales volume through 175 deals and 32,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit https://multifamily.cushwake.com.
