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With the cyber wave beginning to grow, Augusta's apartment market is primed for growth, making our market attractive for investment. Buoyed by two stable industries, Military and Healthcare, Augusta has seen steady, albeit low rent growth for the past decade or so, but with conservative estimates showing Fort Gordon bringing an additional 14,000 employees and dependents to Augusta by 2023, rent growth should exceed the national average for the next few years. Also aiding rent growth is the lack of new development over the past decade, specifically in the luxury market.

There are a few reasons for limited development. First, land prices in the area have been low, keeping new home prices down, thereby making home ownership attractive relative to

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