Spring Creek

About Spring Creek

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Spring Creek, a 254-unit apartment community located in Crestview, Florida. Completed in 2011, Spring Creek offers the rare opportunity to assume existing HUD financing featuring a fixed 2.46% interest rate through 2055, providing a meaningful competitive advantage in today’s volatile interest-rate environment. The property is ideally positioned in Crestview—known as the “Hub City” of Northwest Florida—just minutes from the Shoal River Industrial Park, Eglin Air Force Base, and Duke Field. The market benefits from strong rental demand supported by a substantial military presence, an expanding workforce, and significant regional infrastructure investment. Crestview has experienced approximately 12% population growth since 2020 and is poised to benefit from more than $10 billion of planned capital investment across the region over the next decade. Combining institutional-quality construction, exceptional assumable financing, and exposure to one of Northwest Florida’s fastest-growing markets, Spring Creek offers investors durable cash flow, downside protection through an attractive debt structure, and compelling long-term value creation potential.