Waypoint Residential has acquired Mason Augusta, a 482-unit rental community in Augusta, in an $87 million transaction. The large-scale multifamily property adds significant contemporary inventory to the local apartment market and reflects ongoing investor interest in stabilized assets in the area.
The community is located at 101 Pine Forest Road and was delivered in two phases. Initial units came online in 2022, with final completion achieved in 2024, positioning the asset among the newer multifamily offerings in Augusta. At the time of the sale, the property was reported to be 95% leased, indicating strong absorption and occupancy performance.
Mason Augusta offers a unit mix of one-, two- and three-bedroom apartments, with floor plans ranging from 685 square feet to 1,321 square feet. The range of layouts is designed to serve a variety of renter households, from individuals to larger households seeking additional space.
The property includes a broad amenity package. On-site features comprise a fitness center with dedicated yoga and spin studio, resort-style swimming pools with sundecks and tanning ledges, and a clubhouse equipped with an e-lounge and coffee bar. Additional shared spaces include a game room, a work-from-home business center, and a dining and lounge terrace with an outdoor fireplace, providing residents with multiple options for recreation and remote work.
The transaction involved Cushman & Wakefield’s Sunbelt Multifamily Advisory Group, whose professionals Taylor Bird, Robert Stickel, Alex Brown, Nelson Abels and Laura Aylor represented Waypoint Residential in the deal. Their role underscores ongoing intermediary activity in the multifamily investment sales market in the region.
Cushman & Wakefield reports that the Augusta area currently has the highest projected rent growth among secondary markets in Georgia, driven by a combination of limited new supply and elevated tenant demand. Within this context, a recently built, highly leased community such as Mason Augusta appears well aligned with prevailing market dynamics in the local multifamily sector.
