the ARDENT portfolio
Retreat at Northlake
Warner Robins, GA
115 Units
Among one of the first acquisitions of Ardent Equity Group, Retreat at Northlake is a unique 115-unit apartment complex located on 15.25 acres. The property is surrounded by a lake and includes docks for fishing and gazebos for relaxing. Located midway between Savannah and Atlanta, Warner Robins is a thriving city attracting leading global companies, investments and talent. There is opportunity for rent increases to current market rates with excellent property management and significant improvements to the complex. Effective rents for the Q2 FY 22 period are up $52 on average.
Oakview Apartments
Warner Robins, GA
160 Units
Located just a mile from Retreat at Northlake, Oakview Apartments are surrounded by Georgia pines and scenic views on a 10.85 acre site. Future plans include renovations for 80% of the units, as well as providing amenities including in-unit laundry, barbecue areas, and a dog park. Occupancy has been impressive historically, and compared with other properties in the area provides evidence supporting planned rent increases. Effective rents for the Q2 FY 22 period are up 6% on average.
Balfour Chamblee Apartments
Chamblee, GA
104 Units
Balfour Chamblee Apartments, located in the Atlanta Metropolitan Statistical Area (MSA) were built in 1958 and feature single-story duplex construction. Located on 9.9 acres, Balfour Chamblee boasts a 100% occupancy rate, and the sense of community among residents is notable. The population has grown over 338% during the period of 2000 – 2020. The property management team is working closely with residents to renew leases at current market rates for the area, typically 5% year-over-year. One-bedroom apartments have been increased from $1,289 to $1,350. Two-bedroom units have been increased from $1,499 to $1,575.
Wobbe Lane Apartments
Springdale, AR
256 Units
Stonehenge Apartments
Warner Robins, GA
70 Units
Stonehenge Apartments is a 70-unit property, also located in Warner Robins, GA. Stonehenge is a 1976 build located on 5.95 acres. There are multiple floor plans, and each unit is equipped with washer/dryer hook-ups. The Portfolio Renovation Plan is extensive and includes a water conservation program, exterior painting, improved landscaping, and an upgrade of unit interiors. Improvements to the property will afford opportunities for rent increases to current market rates.
Stonegate Apartments
Warner Robins, GA
126 Units