The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Charles, a 192-unit institutional asset strategically located in historically underserved Destin, Florida. The asset is ideally situated within walking distance of Florida’s Gulf Coast, offering residents convenient access to some of the most renowned beaches in the United States. The Charles offers residents a beach-style living experience with immediate proximity to all of Destin’s unique and high-quality lifestyle amenities. Furthermore, Destin boasts an outstanding demographic profile with $115K+ average household income within two miles of the asset. Since delivering its first units in September 2021, management has successfully pushed rents over 23%. The Charles premier finishes, curated amenities, and first-class location present an outstanding investment opportunity. The Sponsor is seeking a loan commitment at 60%-65% LTV on a 5 year targeted hold period, with a 90/10 equity split.
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The Charles
192 Units
1015 Highway 98 East
Destin, FL  32541
Type: Conventional
Posted: 3/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The District, a 377-unit apartment community located in Knoxville, Knox County, Tennessee. The District is situated in a highly accessible location just south of Interstate 40, in the West Knoxville submarket. Built in 1973 and renovated 2023, The District offers an outstanding value-add opportunity seeing $160 in rent premiums. This community benefits from over $3.5M in capital expenditures including interior work, roofing, grounds work and amenity area upgrades. Residents of The District have direct access to key Knoxville employers including the University of Tennessee and the U.S. Dept. of Energy at Oak Ridge. Residents are moments from major retailers such as Target, Costco, Trader Joe's and Whole Foods.
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The District
Offers Due:  Thursday, May 25, 2023
377 Units
505 Buckeye Drive
Knoxville, TN  37919
Type: Conventional
Posted: 4/19/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 2 property, 384-unit Portfolio, The Jasper and The Belmont. Located in the highly sought-after submarkets of Columbia County and West Augusta, both properties provide immediate access to the market’s major employers and top retail corridors via 1-20 and I-520. Additionally. The Belmont is located in Columbia County, having a best-in market school system as well a limited development pipeline due to the in-place multifamily moratorium. Built in 2003 & 2004, this portfolio offers an outstanding opportunity to gain immediate scale in high growth markets through highly capitalized assets ($2M+ in CapEx at each community) with proven value-add programs achieving $230+ average rent premiums.
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Under LOI
The Jasper & The Belmont (2 properties, 384 units)
The Jasper
192 Units
1020 Amli Way
Augusta, GA  30909
Posted: 3/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 161-unit The Local on Severn apartment community located in New Orleans’ most affluent neighborhood. This asset is situated off of I-10, just before Lake Pontchartrain and adjacent to Lakeside Shopping Center, giving residents prime access to major New Orleans, Metairie, Slidell and Covington employers. With minimal supply in the area, the property is primed for future rent growth. Built in 1974, The Local on Severn represents an outstanding opportunity to invest in a value-add opportunity in a prime location with strong submarket fundamentals.
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The Local on Severn
161 Units
3409 Severn Avenue
Metairie, LA  70002
Posted: 3/23/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 352-unit The Parc at 1875 apartment community located in College Park, Clayton County, Georgia. This asset is situated in the high-demand Airport/South Atlanta industrial submarket. The property boasts strong occupancy and organic rent growth, with almost 100% classic units ready for next-level upgrades. Built in 1988, The Parc at 1875 offers an outstanding opportunity to acquire a cash-flowing asset with value-add upside far below replacement cost.
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The Parc at 1875
352 Units
1875 E. Pleasant Hill Road
College Park, GA  30349
Type: Conventional
Posted: 3/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 72-unit The Standard Downtown Lofts apartment community located in Shreveport, LA. This historic building is situated in the heart of downtown CBD Shreveport, directly across from the tallest office buildings and conveniently walkable to shopping, restaurants, the riverfront boardwalk and casinos, as well as attractions such as the Shreveport Convention Center and Shreveport Aquarium. The Standard is acknowledged as the premier and only high-rise multifamily property in this dynamic sector. Built in 1910 as Shreveport’s first high-rise office building and meticulously converted to multifamily in 2019, The Standard offers an outstanding opportunity to invest in a luxury boutique product with unique historic elements in the epicenter of a vibrant downtown submarket.
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The Standard Downtown Lofts
72 Units
509 Market St
Shreveport, LA  71101
Posted: 5/11/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 456-unit portfolio of Three Oaks and Wildwood located in Valdosta, Lowndes County, and Thomasville, Thomas County, Georgia, respectively. These assets are situated in undersupplied markets and offer immediate scale in dynamic Southwest Georgia markets with ideal locations near top retail and major employers. Built in 1981 and 1979, these properties represent an outstanding value-add opportunity that have been well-maintained, with over $5M spent on capital expenditures through their 10+ year current ownership.
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Three Oaks & Wildwood (2 properties, 456 units)
Three Oaks
240 Units
3833 North Oak Street Extension
Valdosta, GA  31605
Type: Conventional
Posted: 4/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit Veritas at East Cobb apartment community located in Marietta, GA. This asset is situated in the burgeoning suburbs of Cobb County, which had 50 active development projects at the end of 2022 and reported $2.25B of planned investments over the next decade. Current ownership has spent over $2.7M on capital improvements at the property and renovated 19% of units, leaving plenty of headroom for a new owner to achieve significant premiums through an interior value-add program. The property will benefit from continued rent growth with recent leases being signed 8% over the in-place rent roll. A new owner has the ability to assume the current in-place loan with full term IO at a 4% interest rate. Built in 1982, Veritas at East Cobb offers an outstanding opportunity to invest in a well-maintained asset with 156 units primed for a value-add program in a desirable Atlanta submarket.
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Veritas at East Cobb
192 Units
730 Franklin Gateway
Marietta, GA  30067
Type: Conventional
Posted: 3/29/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villas of Jeffersonville, a 264-unit, Class A apartment community located in the Louisville MSA Jeffersonville, Indiana. Delivered in 2020, Villas of Jeffersonville represents a unique opportunity to acquire a top-of-the-market product. The property is embedded amongst 8.1M SF of retail and 27.1M SF of industrial space. Several of Southern Indiana’s largest employers, including Amazon, River Ridge Industrial Park and the Port of Indiana-Jeffersonville, are just a 5 minute drive from the property. Only 810 units have been delivered in Jeffersonville over the past ten years. Average effective rent has climbed 6.9% over the past year and is on a consistent upward trajectory. The property will benefit from Jeffersonville and Louisville’s continued population and job growth. A new owner has the opportunity to invest in a top-of-the-market product in a limited supply submarket, primed for future rent growth.
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Villas of Jeffersonville
264 Units
3001 Peach Blossom Dr
Jeffersonville, IN  41730
Posted: 5/9/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 175-unit Vista Ridge at Lake Lanier apartment community located in Gainesville, Hall County, GA. Hall County has experienced an influx in both jobs and population in recent years due to major economic developments, while multifamily deliveries have largely stagnated. In the past 20 years, only 645 total units have been delivered within a 3-mile radius of the property, and there are zero units currently under construction. With an average unit size of 1,162 SF and 97% classic units, a new owner can attract long-term renters and achieve significant premiums through an interior value-add program. Completed in 1996, Vista Ridge at Lake Lanier offers an outstanding opportunity to invest in a prime value-add asset below replacement cost in a desirable and underserved submarket.
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Under LOI
Vista Ridge at Lake Lanier
175 Units
2363 North Cliff Colony Drive
Gainesville, GA  30501
Type: Conventional
Posted: 3/27/2023
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 72-unit The Standard Downtown Lofts apartment community located in Shreveport, LA. This historic building is situated in the heart of downtown CBD Shreveport, directly across from the tallest office buildings and conveniently walkable to shopping, restaurants, the riverfront boardwalk and casinos, as well as attractions such as the Shreveport Convention Center and Shreveport Aquarium. The Standard is acknowledged as the premier and only high-rise multifamily property in this dynamic sector. Built in 1910 as Shreveport’s first high-rise office building and meticulously converted to multifamily in 2019, The Standard offers an outstanding opportunity to invest in a luxury boutique product with unique historic elements in the epicenter of a vibrant downtown submarket.
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North Louisiana 3 Portfolio (3 properties, 538 units)
Westwood Village
248 Units
6777 Rasberry Lane
Shreveport, LA  71129
Posted: 5/10/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 456-unit portfolio of Three Oaks and Wildwood located in Valdosta, Lowndes County, and Thomasville, Thomas County, Georgia, respectively. These assets are situated in undersupplied markets and offer immediate scale in dynamic Southwest Georgia markets with ideal locations near top retail and major employers. Built in 1981 and 1979, these properties represent an outstanding value-add opportunity that have been well-maintained, with over $5M spent on capital expenditures through their 10+ year current ownership.
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Three Oaks & Wildwood (2 properties, 456 units)
Wildwood
216 Units
220 Covington Avenue
Thomasville, GA  31792
Type: Conventional
Posted: 4/20/2023
The Cushman & Wakefield Idaho Multifamily Advisory Group is pleased to present the exclusive listing of the 74-unit Wilson Creek townhome community located in Nampa (Boise MSA), Idaho, one of the Top 5 Fastest-Growing Cities in the U.S. An influx in jobs and population plus high demand for housing resulted in ~11% average rent growth in 2022, per AxioMetrics. Residents at Wilson Creek benefit from direct access to retail and popular recreational parks adjacent to the property. Wilson Creek's large floor plans, 9' ceilings and modern features attract a high-profile resident pool. Recent leases at the property are achieving significant premiums, allowing a new investor to continue to boost rental income by signing leases at market rent. Built in 2022, Wilson Creek represents an outstanding opportunity to invest in a build-to-rent community with strong financial trends in one of the fastest-growing markets in the U.S.
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Wilson Creek
74 Units
2631 Sunny Ridge Road
Nampa, ID  83686
Posted: 11/9/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 23.29-acre Wilson Meadows Multifamily Development Site. Plans call for 336 apartment units to be built on the site, which sits in an attractive Tennessee submarket and has zoning in place for multifamily development. Clarksville was recently named the hottest city for people buying homes, thanks to affordable housing and a thriving economy. LG Chem is bringing the 2nd largest business investment in TN history to Clarksville with their $3.2B manufacturing plant, which will create 860 new jobs. While only 40 minutes from Nashville, Clarksville has a limited supply of existing and projected multifamily units, so new Class A supply would be a welcome addition to the market. The Wilson Meadows Multifamily Development Site presents an enticing opportunity for developers to break into one of the hottest submarkets in TN with an investment of sizable scale.
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Under Contract
Wilson Meadows Multifamily Development Site
23.29 Acres
Wilson Road
Clarksville, TN  37043
Type: Land
Posted: 1/30/2023