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About Fort Walton Beach 195 Portfolio
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 195-unit apartment communities of Elevate at 604 West and The Greens on 5th, located in Fort Walton Beach, FL. These assets are well-situated with proximity to state ranked schools and all of Ft Walton's primary economic drivers. Built in 1974 and 1983, the assets have undergone significant interior and exterior renovations and are trending strongly, arriving to market 97% occupied. The Ft Walton Beach market is experiencing solid 10+% cumulative population growth and 6%+ Avg. YoY rent growth since 2017. Both assets have achieved exceptional rent growth (12%+ since acquisition) amid a major capital injection. Elevate at 604 West and The Greens on 5th offer the next investor an outstanding opportunity to acquire repositioned assets with exceptional rent growth and stable cash flow in a high growth submarket.
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