Dark Placeholder
GET STARTED
Dark Placeholder
GET STARTED

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

 

Located in Northwest Arkansas, Wobbe Lane Apartments consists of 256 units, 128 of which were built in 2008 and an additional 128 apartments built in 2021. The Wobbe Lane community offers a variety of distinctive one, two, and three-bedroom garden-style apartment homes. This value-add property is ideally located in a major MSA with employers that include Walmart, Cargill Incorporated, Rockline Industries, and the headquarters of Fortune 500 corporation J.B. Hunt Transport. Northwest Arkansas enjoys the fastest growth rate in the state, according to ESRI, a geographic information system. There is opportunity to increase rents through unit renovations. Average market rent is $814; the three-bedroom/two bath units are currently being leased at $1,050.

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

 

Built in 1969, Stonegate is situated on 18.35 acres with 126 units and only a mile away from Stonehenge Apartments. With an occupancy rate of 94% of rent ready units, modest unit upgrades will support rent increases. According to a March, 2020 CoStar report, Warner Robins ranks second among Georgia cities in terms of rent growth at 5.4% year-over-year.