Property Description

Riverstone is a 328-unit class A apartment community located in Grovetown, Georgia, which lies within the Columbia County submarket of the Augusta Metropolitan Statistical Area (“MSA”). Completed in 2016 the Property includes fourteen three-story, garden-style apartment buildings, a clubhouse/office, four garage buildings and a maintenance shop. The Property features the largest floor plans in the market with an average unit size of 1,243 square feet and an attractive mix of thoughtfully designed one, two, and three-bedroom layouts.

Interior amenities include 9’ ceilings with crown molding, two-inch Plantation blinds, breakfast bar, ceiling fan, Espresso cabinetry, garden tubs, walk-in closets, a laundry room with full-size washer and dryers, patio or balcony, wood-style flooring, modern lighting/hardware and alarm systems. Additionally, select units are outfitted with granite counter tops in the kitchen and bathroom along with a built-in desk or workstation. Outdoor community amenities feature a saltwater pool with large sundeck, poolside Wifi with shaded porch, firepit and BBQ grill and two dog parks. The Property also has a 24-hour fitness center with cardio stations, clubhouse Cyber Café with Wifi lounge, high-definition televisions, and billiards table along with conference rooms. Other conveniences include package lockers, covered car care center and gated community access.


Property Type



Delaware Statutory Trust

Riverstone DST


Remaining Availability

3% Remaining

Total Funds
Remaining Availability
Minimum Investment
Funded To Date
Est. Hold Period
8-10 Years
Equity Raise
Price/SF or Price/Unit

For More Details


Location Details




Population Growth


About The Area

The Grovetown submarket is characterized by high incomes, a strong school district, and access to some of the MSA’s largest employment drivers. Recent investment in retail and infrastructure, such as the Lewiston Road Expansion, has positioned Grovetown as a desirable location for young families and long-term residents. The submarket has been, and will continue to be, insulated from new construction as both Columbia County and Grovetown have imposed stringent zoning requirements for the construction of multifamily with no more multifamily sites being approved and zero apartments in the pipeline (Columbia County has limitations on new apartment projects to less than 50 units per year). Only five properties (1,033 units) have been delivered since 2010). The area has also experienced 50% population growth since 2010-2021 and is projected to see nearly 20% growth through 2026, leading to favorable supply-demand dynamics. Within a two-mile radius of the Property, demographic statistics are strong, with high household incomes of $92,000 and 42% of residents with Associates Degrees or higher. Furthermore, Augusta’s top-rated schools are found in Columbia County and consistently rank among the top 9% in the state of Georgia. (#21 in Georgia, Source: School Digger). Not only does the submarket provide access to large employers such as US Army Cyber Command at Fort Gordon, the new Augusta University Hospital, the new Amazon facility, and John Deere, but with immediate access to I-20, residents are proximate to the Downtown Medical District (25,000 jobs) and top entertainment such as Top Golf, Downtown Augusta, and Riverwatch Cinemas.



Rance King Properties Inc. has specialized in multifamily property investments since 1976. We are a national company with current and previously owned properties acquired throughout the United States. During our lengthy history we have purchased over 154 properties that at today’s value would be in excess of 3 Billion, more than 140 of those properties have gone full cycle. We have served over 7,000 investors in the last 43 years since our inception. Our current portfolio has a current market value of just under $1B. The skills and experience of RK professionals have combined to produce a consistent, successful record of performance in apartment investing. We utilize a conservative underwriting model and lower leverage financing strategies that has allowed us to prosper throughout many business cycles.