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I-85 Corridor Value-Add Portfolio

Posted: 8/24/2021
570 Units
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Country Club
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Crescent Oaks
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Crescent Oaks
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Crescent Oaks
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Crescent Oaks
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Crescent Oaks
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Patriots Pointe
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Patriots Pointe
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Patriots Pointe
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Summerlyn Place
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About

About I-85 Corridor Value-Add Portfolio

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the I-85 Corridor Value-Add Portfolio consisting of 4 properties, 570 units strategically situated in North Carolina’s fastest growing markets - Charlotte, Piedmont Triad, and the Raleigh-Durham Research Triangle. The properties are poised for substantial growth with unparalleled access to a plethora of jobs, higher education, strong household income growth, and seamless connectivity through major thoroughfares. The portfolio presents with an opportunity to capitalize on a proven value-add campaign already achieving $100-$175 rent premiums over standard units. Renovating the remaining 50% of units brings huge upside with solid premiums supported by excellent rent growth projections across all three markets. Ranging from late 1980s to mid-2000s vintage, the I-85 Corridor Value-Add portfolio presents an excellent framework to build upon in one of the fastest growing regions in the country.