The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Center Pointe Village, a 33-unit townhome community located in Clarksville, Montgomery County, Tennessee. Home to the 2nd largest military base in the U.S., the booming Clarksville market also benefits from being a close outlet to Nashville. Newly built in 2023, Center Pointe Village offers an outstanding asset consisting of well-thought-out townhomes with large floor plans and high-end features. The community is also moments from top employers, the Wilma Rudolph shopping corridor, Austin Peay State University, and Fort Campbell.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Views at West Town, a 194-unit apartment community located in Knoxville, Knox County, Tennessee. Views at West Town is situated in a highly accessible location just north of Interstate 40, in a sophisticated West Knoxville submarket. Built in 1981 and renovated in 2023, Views at West Town offers an outstanding value-add opportunity achieving $225+ rent premiums. Residents of Views at West Town have direct access to major area employers (U.S. Department of Energy at Oak Ridge, Denso Manufacturing, and the Pilot Company) and many big box retailers including Sam's, Walmart, Target, Trader Joe's and the West Town Mall (Dick's, Chick-fil-A, H&M).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit Latitude at Richmond Hill apartment community located in Richmond Hill, Bryan County, Georgia. This asset is situated in the desirable Richmond Hill submarket of south Savannah, sporting strong demographics, top schools, and explosive job growth. Built in three phases (2007, 2015 and 2019), Latitude at Richmond Hill represents an outstanding opportunity to invest in a property that consists of 100% classic units and can achieve $195+ rent premiums through a moderate value-add program. The property has seen $1.1M+ spent on capital expenditures including new signage and rebranding, landscaping, and major amenity enhancements. Recent Savannah job announcements are headlined by 17.5K+ new jobs, with 12.5K to be located in Bryan County. This includes the Hyundai EV Plant (8,500 jobs) and Hyundai Mobis (1,500 jobs) - part of the largest economic development project in Georgia history.

Luxury Property in Dynamic Walkable Location

AYR is an exquisite property built in 2020, boasting modern and inviting finishes that appeal to high-income residents seeking a luxurious lifestyle. Its prime location offers a walkable experience, with convenient proximity to retail establishments.

Access Broad Ripple, Keystone & Downtown 

AYR's exceptional location places it just a mile from the bustling center of Broad Ripple, ensuring residents can effortlessly immerse themselves in the vibrant entertainment, dining, and cultural offerings. Additionally, its strategic positioning provides quick access to both Downtown Indy and the upscale Keystone area, granting residents the opportunity to conveniently reach top employment centers as well as indulge in the city's premier shopping and dining destinations.

High-End Amenities & Finishes

The property provides an elevated living experience with luxurious finishes featured in the units, along with a range of high-end amenities. Residents can enjoy the convenience of unique Live Work Units, an expansive fitness center, co-working stations provide a productive and collaborative environment. Additionally, the Aqua Lounge offers a stylish and relaxing space for residents to unwind and socialize.

Proven Demand and Rent Growth

AYR experiences consistently high occupancy rates in the mid-90s, reflecting the strong demand for residents to live in the community. Furthermore, the property achieved rent increases ranging from 12% to 13% for both lease renewals and new leases, indicating the desirability of AYR as a sought-after living destination.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Trails at Alabaster, a 200-unit apartment community located in the Alabaster municipality of Birmingham, AL. The asset is extremely well-positioned along the I-65 corridor in a supply-constrained submarket (less than 650 units delivered to the area since 2000) where rents are growing exponentially due to the lack of inventory. Trails at Alabaster offers an outstanding location for residents as it is minutes from 10,000+ quality jobs, state-ranked schools, and Class A retail space. The property is coming off an $1mm+ exterior renovation making the buyer the beneficiary of a quality physical plant and refreshed property look. Built in 1977/1986, Trails at Alabaster offers an opportunity to invest in a quality asset with excellent performance trends and additional upside remaining for new ownership.

2007-BUILT <$170K/UNIT | 4.3% FIXED RATE ASSUMABLE LOAN

Summit Pointe presents the opportunity to acquire an exceptional 2007-built property at an attractive basis of less than $170K per unit within an affluent, high-growth immediate area. The appealing existing loan can be assumed at a low 4.3% fixed interest rate with the interest only period still remaining and the potential for a supplemental loan for a blended rate of 5.02%.

IDEAL OPPORTUNITY TO GROW REVENUE

By upgrading 234 units to a luxury-grade finish level and introducing popular amenities, Summit Pointe’s position among its competition could be elevated to top-of-the-market. Doing so could increase market rents by $211/unit, on average, equating to over $648,000 in additional annual income. Additionally, R&M expenses could be lowered by purchasing washer/dryer machines the property is currently leasing.

EXCEPTIONAL FINANCIAL PERFORMANCE

Investors have the opportunity to inherit impressive operations, including historically strong occupancy and 5.6%+ lease tradeout over the last three months. Additionally, total revenue growth was 10.7% for 2022.

DISTINCTIVE PROPERTY WITH POPULAR UNIT FEATURES

This low-density property offers lush landscaping, two large scenic lakes, attractive exterior architecture and all exterior private entries. The meticulously designed units offer spacious floor plans, full size washer/dryer connections, plenty of storage space, 9’ ceilings, elegant crown molding in living rooms, six-panel doors, and the added bonus of both front and back balconies or patios in most units.

FLOURISHING GREENWOOD: FAST-GROWING & AFFLUENT

The property is within the city of Greenwood (Johnson County—4th fastest growing in the state), a sought-after affluent south suburb of Indianapolis with a wealth of employment options. Summit Pointe’s immediate area enjoys impressive demographics such as 65% population growth and an average household income of $111K. Greenwood is known for well-performing schools and is proximate to downtown Indianapolis, offering additional employment and top-notch amenities.

Top-tier Design

Provenance is a meticulously designed community that boasts high-end finishes and luxurious touches throughout. The development, which is part of a larger project that includes for-sale single-family homes, townhomes, and retail space, is widely regarded as the best product in the market. It was developed by the reputable Old Town Companies, who is known for delivering transformational projects.

Exceptional Property Performance

The property's outstanding performance is evident in the substantial growth of average lease rents, which have surged by an impressive 19.77% when comparing the average T-12 rent to the current in-place lease rent. Furthermore, the remarkable 98% current occupancy rate underscores the strong demand for this exceptional product.

Exquisitely Planned Live-Work-Play District

Provenance is situated in the Discovery Park District, a mixed-use development spanning 400 acres adjacent to Purdue University's West Lafayette campus. The district features academic research labs, manufacturing facilities providing high-paying jobs, and various housing options.

Purdue University Growth & Excellence

Since 2014, Purdue’s annual applications to the university are up 48%. Purdue now ranks as one of the nation’s top U.S. public institutions as well as one of its most innovative.

Impressive Multifaceted Growth Location

Greater Lafayette shows strong 6.2% rent growth and 94% occupancy with limited new construction. The area offers a vibrant community with a variety of cultural and recreational activities. In addition to being a college town, Greater Lafayette attracts diverse businesses and startups, creating employment opportunities and contributing to the region's economic growth.

7.2% TAX-ADJUSTED TRAILING CAP RATE

The Apex presents a fantastic opportunity to purchase a meticulously renovated property offered with strong yield at high tax-adjusted cap rates of 7.2% on trailing 3 months and an achievable 7.7% in year one. The property’s performance has been outstanding, maintaining an average occupancy rate of 96% over the past year.

TRANSFORMATIONAL RENOVATION COMPLETED

The property has undergone a complete transformation, with substantial enhancements to its mechanical systems and upgraded community amenities. Additionally, all units have been fully upgraded. Despite being built in 1970, The Apex has been repositioned and rebranded to give it a modern appearance and appeal, making it the premier property in its submarket. A new owner can easily concentrate on increasing rents during turnover or lease renewal and reducing the loss to lease.

CONVENIENT TO INTERSTATES, EMPLOYMENT & AMENITIES

Within a 15-minute drive, residents can easily access the bustling downtown area, a wide range of employment opportunities, a variety of amenities, and top-notch healthcare facilities. This prime location ensures that residents of The Apex have easy access to all the essentials and attractions Cincinnati has to offer.

TWO-PROPERTY CINCINNATI PORTFOLIO OPPORTUNITY

The Apex (317 units) can be purchased alone, or together with The Parkton (352 units), located just 15 minutes north. Together, the two properties total 669 units, offering the opportunity for scale in Cincinnati.

7% TAX-ADJUSTED TRAILING CAP RATE

The Parkton offers an excellent opportunity to acquire a well-built property that recently underwent an extensive renovation. Offered with strong yield at high tax-adjusted cap rates of 7% on trailing 3 months and an achievable 7.4% in year one. Property performance is strong, operating at a consistently high occupancy of 94%, on average, over the past 12 months.

TRANSFORMATIONAL RENOVATION COMPLETED: $54K/UNIT - $18.8M TOTAL SPENT

The property has been fully transformed with significant mechanical improvements, new and improved community amenities, and 100% of the units have been upgraded. Built in 1970, The Parkton has the look and feel of a newer property, and was repositioned and re-branded to make it the top property in the submarket. A new owner can simply focus on increasing rents upon turnover or renewal, and burn off loss to lease.

PROXIMATE TO INTERSTATES, LARGEST MSA EMPLOYMENT HUB & POPULAR AMENITIES

Located less than one mile from I-275, The Parkton has excellent access to all of Cincinnati and also Dayton via I-75. The city’s largest logistics hub (122M SF) housing numerous employers, popular amenities and the Mercy Health Fairfield Hospital are all less than 10 minutes from the property.

TWO-PROPERTY CINCINNATI PORTFOLIO OPPORTUNITY

The Parkton (352 units) can be purchased alone, or together with The Apex (317 units), located just 15 minutes south. Together, the two properties total 669 units, offering the opportunity for scale in Cincinnati.

1. CREDITS, INCENTIVES AND ABATEMENTS
The property’s inclusion on the National Register of Historical Places provides an opportunity for an adaptive reuse investor to seek tax credits, in addition to other available programs and abatements. The owner can apply for a variety of incentive programs,

2. ICONIC CBD PROPERTY
On the National Register of Historic Places since 1986, 19 Garfield Place was designed by Tietig and Lee and constructed in 1923. Terracotta tiles cover the eightstory façade with elements of metal and marble. The building has earned ENERGY STAR certification for the last seven years

3. URBAN OASIS
With Piatt Park, the oldest park in Cincinnati, at the front door of 19 Garfield Place and stretching two blocks from Vine Street to Elm Street, tenants and guests alike can take advantage of its shaded beauty. Immediately to the Northeast, the recently revitalized Court Street Plaza, a $5.5 million project, is not only a great public gathering space featuring wide, pedestrian-friendly sidewalks and community artwork, it’s also situated at the center of many unique small businesses.

4. DOMINANT OHIO MSA
At more than 2.2 million residents, the Greater Cincinnati MSA, comprised of 16 counties in three states, is the largest within the State of Ohio and the 30th largest in the United States. Five Fortune 500 companies are headquartered in the Greater Cincinnati MSA including 4 located in the CBD.

5. WALKABLE AND TRANSIT-ORIENTED LOCATION 19 Garfield Place is located within a block and a half of the Seventh & Walnut stop for The Connector, a 3.6-mile streetcar line operating throughout the city’s urban core and connecting The Banks with Over-the-Rhine. Cincinnati is also one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%. Whether it’s the gentrified old-world charm of the Over-the-Rhine neighborhood a few blocks to the north or the more modern amenities located within the CBD and at The Banks to the south, 19 Garfield Place is a short walk or streetcar ride to both of Downtown’s vibrant social scenes.

6. STRONG MARKET FUNDAMENTALS FOR NEW MULTI-FAMILY CONSTRUCTION
New Class-A multi-family product in the downtown Cincinnati market has recently outperformed the rest of the Cincinnati MSA. Pairing an average of 95% occupancy with an impressive $2.26/SF, these fundamentals present an exciting opportunity to redevelop 19 Garfield Place into apartments.

7. OUTSTANDING RENT GROWTH IN DOWNTOWN MARKET In the Cincinnati downtown market, rent growth for Class-A properties in the last 5 years has been over 13%. The remaining downtown properties experienced rent growth around 8% in that same time period. The average asking rent for Class A properties downtown is $2,102/month.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 247-unit Soncel at the Lakes apartment community located in Kingsland, Camden County, Georgia. This asset is situated in the strategically-located I-95 corridor, within driving distance of the ports of Brunswick, Jacksonville, and Savannah as well as having rail access throughout the County. Built in 1990 through 2018, Soncel at the Lakes represents an outstanding opportunity to invest in a proven value-add property seeing $200+ rent premiums with the ability to usher in an additional ~$400 premiums by bringing renovations up to market comparables. Residents of Soncel at the Lakes benefit from close proximity to one of the area's major employers (SE Georgia Health Systems - Camden Campus, 2,200 jobs), top Camden County schools, and ease of travel to Jacksonville, Florida's robust job economy (830K workforce pool).

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Knollwood Crossing Phase I apartment community located in Hamilton, Ohio (Cincinnati MSA). This asset is situated close to key employment areas and prominent retailers. Built between 2000-2001, Knollwood Crossing Phase I offers an outstanding opportunity with substantial value-add and optional seller financing. There is a tremendous opportunity to transition the AMI restricted units to 100% market rate. Presently owned by a non-profit entity, 180 of the 240 units are subject to 60% or 80% AMI restrictions. Upon the sale to a for-profit entity, these restrictions would be lifted (existing leases must be upheld).

Adjacent Property Also Available For Sale (Same Owner) The Heights at Knollwood Crossing 192 Units

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Giddy Hall, a 171-unit apartment community located in Charlotte, NC. Built in 2023, the property is strategically located in the flourishing pocket of Steele Creek, a submarket characterized by rapid population growth and skyrocketing home values. The Class-A community features best-in-class finishes and top amenities tailored to appeal to area’s burgeoning high-end renter class ($94k Avg. HHI).

Situated in the heart of Steele Creek’s retail corridor, Giddy Hall offers a plethora of dining and entertainment options within minutes including Topgolf, Target, Harris Teeter, Publix and more, as well as direct access to the city’s top employment hubs via nearby I-485. The property has demonstrated impressive lease-up performance, consistently pushing rental rates while offering little to no concessions. Market comparables offer more than $200 in headroom, highlighting Giddy Hall as an exceptional opportunity to invest in a high-quality asset offering substantial organic rent growth potential through a mark-to-market leasing strategy.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Northcliffe Forest apartment community located in Winston-Salem, NC. This asset is situated one mile northwest of one of the area’s top employers and higher education facilities, Wake Forest University, in the desirable North Winston-Salem submarket. Built in 1988, Northcliffe Forest presents an opportunity to invest in a quality asset that has received $2.6M in renovations since 2019. With a proven value-add program where renovated units are achieving $113 over classic units, incoming investors can increase NOI by over 30% by completing this initiative.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 124-unit Sedgefield Square apartment community located in Greensboro, NC. This asset is situated in South Greensboro in the main retail hotspot, just minutes away from Wendover Place and other high-end destinations, as well as in close proximity to the recently completed 840 urban loop providing access to the MSA’s top employers. Built in 1987 and minimally renovated, Sedgefield Square is a quality asset that offers incoming investors significant growth opportunity through both organic rent growth and value-add potential. After completion of an interior renovation program, investors can grow effective rents by $159+ and increase annual revenue by 30%+.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, an 86-unit, 2023-constructed Build-to-Rent (BTR) community located in the thriving and undersupplied Pace submarket. Boracay Cove’s strategic location in the Pensacola market offers residents convenient access throughout the area via US-90 & Interstate-10. The asset is located less than 2 miles away from many major retailers such as Target and Publix. As well as being a top submarket of Pensacola, Pace has experienced 7%+ YoY population growth. Fully delivered in 2023, Boracay Cove offers a rare unit mix of 4 & 5 BR detached single family homes with large floorplans (1,741 avg SF). Lease up performance is outstanding as Boracay Cove has experienced an average of 20 leases per month in May/June. Boracay Cove offers new ownership an outstanding opportunity to acquire a rare high-performing BTR asset.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Hunter's Run apartment community located in Macon, Bibb County, Georgia. This asset is situated in the highly-coveted West Macon submarket. Built in 2001, Hunter's Run represents and outstanding opportunity to invest in a property that has nearly original interiors, allowing for new ownership to achieve $210 rent premiums through a value-add program. This property has undergone $800K of exterior and interior capital expenditures which include all new roofs, siding tune-up, pool enhancements, and interior renovations. Hunter's Run benefits from direct access to I-475 (1.5 miles), top retail including Publix, Walmart, Sam's Club, Kroger, Aldi, Chick-fil-A, the $100M Macon Mall renovation project, as well as proximity to 57K+ jobs.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 188-unit Stewart’s Mill apartment community located in Douglasville, Douglas County, Georgia. This asset is situated in the desirable I-20 West pocket, flush with strong economic drivers, and is less than one mile southwest of Arbor Place Mall, and just nine miles west of the Fulton Industrial Blvd.’s thriving industrial employment base. Built in 1988, Stewart’s Mill offers an outstanding opportunity to invest in an ideal value-add program achieving average premiums of $167+.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Flint River apartment community located in Jonesboro, Clayton County, Georgia. This asset is embedded in south Atlanta’s surging aerotropolis industrial and logistics mecca with easy interstate access to key employment centers along the strategic I-75 corridor. Built in 1971 and renovated in 2016, Flint River offers an outstanding opportunity to invest in a well-designed, all 2-3BR asset with proven value-add potential.

1. LOCATION AND VISIBILITY
With its signature blue screening cap adorning the top of the building, 110 N. Main is an iconic landmark within the Dayton CBD and a short walk to popular destinations including RiverScape Metro Park along the Great Miami River, Day Air Ballpark (home of the Dayton Dragons minor league baseball franchise), Courthouse Square, and the Benjamin & Marian Schuster Performing Arts Center

2 . SPECIAL IMPROVEMENT DISTRICT
110 N. Main benefits from being located within the Downtown Dayton Special Improvement District which partners with Downtown Dayton Partnership (DDP) to implement its service plan approved by a majority of downtown property owners. The DDP serves these property owners by working on five agreedupon areas: strategic planning and advocacy, economic development, marketing & communication, street vibrancy & creative placemaking, and clean and safe services.

3. OPPORTUNITY ZONE
110 N. Main is located within an Opportunity Zone. Added to the US tax code as part of the Tax Cuts and Jobs Act in December 2017, the goal of the Opportunity Zone program is to incentivize long-term capital investment in designated areas to promote economic development and job creation, specifically through the reallocation of capital gains

4. PREMIER HEALTH TENANCY
Anchored by Premier Health Partners (Moody’s A3), the dominant health system in the Greater Dayton region, the cash flow provided by their tenancy is predictable and secure.

5. ACCESS
The property’s location within the Dayton Central BusinessDistrict has nearly immediate access to I-75, providing quick and convenient access for tenants and guests

6. REPLACEMENT COST
The opportunity exists to acquire a Class A office tower at substantially below replace cost. Based on the expected occupancy of approximately 104,000 RSF and with the majority of the available space on the upper floors, the ability to acquire the property at a fraction of replacement cost gives an investor the flexibility to increase cash flow through the lease up of the available space or to convert a large portion to an alternative use, or some combination thereof.

7. UNIVERSITY IMPACT
With the University of Dayton a few miles to the south, Wright State University approximately 10 miles to the northeast and Sinclair College within the CBD, the proximity of each of the universities to the Dayton CBD has benefited both the city and a variety of companies in the region.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Northway at Davis Mills, a 35-unit apartment community located in Gastonia, NC. This asset is situated in close proximity to downtown Gastonia, in the booming industrial I-85 corridor west of Charlotte, NC. Built in 1974 and 2003, Northway at Davis Mills represents an outstanding opportunity to invest in an expanding Charlotte suburb. With two units renovated, the property offers $400+ headroom to competitors following the completion of the value-add program. Recent capital infusions into downtown continues to propel the Gastonia submarket as a increasingly ideal area for investment.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Pointe at St. Marks, a 183-unit apartment community located in the rapidly expanding city of Burlington, NC. This desirable pocket of Burlington boasts high average HHI ($96K), soaring home values (35% average YOY), and the highest effective rents in the market (Q4 2022). Situated between I-40/I-85 and US Hwy 70, the asset is surrounded by Burlington’s best retail. The submarket’s major employers, including LabCorp, Alamance Regional Health Center, and Elon University, are within minutes of the property. Built in 2022, The Pointe at St. Marks offers a terrific opportunity to invest in the Carolina Core, a region that is exploding with industry and innovation. The property has performed well during the first stage of lease up, averaging 14 leases per month in 2022’s prime leasing season. With this year’s peak leasing season approaching, The Pointe at St. Marks is primed to increase rents +$60 to close the gap with average rates and highest proven rates, accelerate leasing velocity, and stabilize. This asset represents an outstanding opportunity to acquire a premier asset that offers a unique multipurpose vacant space.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Main Street Lofts, a newly constructed suburban community comprising 266 units strategically located in Mansfield, Texas. Main Street Lofts is an institutional-quality asset, boasting top-of-the-market unit and community features in one of the fastest-growing suburbs in Dallas-Fort Worth. The property is nearing stabilization, achieving robust lease trade-outs with an average increase of $241 in effective rent. Furthermore, Mansfield’s rapidly expanding population, thriving job market, and increasing home prices are poised to drive rental demand. With a projected economic activity exceeding $650 million, the area exhibits limitless potential for future growth as well. Situated in the center of DFW, Main Street Lofts offers exceptional accessibility to premier job nodes and entertainment venues, with over 2.15 million jobs within a 30-minute drive. The property is walkable to Town Park, Walnut Creek Linear Trail, and Downtown Mansfield, featuring a variety of restaurants and shops. Main Street Lofts is primed for long-term sustainability, as the opportunity to drive rent growth establishes a solid foundation for future prosperity