Capstone Apartment Partners is pleased to present Highland Hills: a newly constructed 112-unit, garden-style apartment complex located in Grovetown, Georgia. Phase I delivered 80 units in 2019. Phase II will deliver an additional 32 units in Q3 2021. Grovetown is located in the Columbia County submarket of the Augusta MSA and is experiencing above-average fundamentals compared to that of the MSA. With YOY rent growth at 9.2% and vacancy at 4.1%, Grovetown is recording its strongest annual performance in more than a decade. In addition, job growth in Grovetown is outpacing the averages for the market. Over the past year, Grovetown’s job market has increased by 3.4%. Job growth over the next decade is predicted to be 46.4%, which is greater than the US average of 33.5%. The Augusta MSA has also emerged as the de facto cyber capital of the US Military, bringing thousands of jobs and population growth to the market.
- Impact of The Georgia Cyber Center
- Growth of Fort Gordon
- Proximity to Major Employers
- New Construction Asset with Below Market Rents