The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Kelston, a 310-unit apartment community located in Charlotte, NC. The asset is conveniently situated within a short 10–20-minute drive to Charlotte’s most prominent employers and amenities. The property benefits from its unparalleled access to the proposed LYNX Silver Line light rail and the Eastland Mall redevelopment site which is expected to deliver through Fall 2024 to end of 2025. Built in 1986, The Kelston represents an outstanding opportunity to invest in the rapidly expanding East Charlotte submarket with a highly desirable demographic pool of sizable average household incomes ($60K), young renter base (33 avg age), and continuous market rent growth. Upon completion of the value-add program, new ownership has the opportunity to renovate units to a Class A level and further bridge the gap between the property and top comparable product ($300+ rental headroom).
...
The Kelston
Offers Due:  Tuesday, September 10, 2024
310 Units
1207 Kelston Place
Charlotte, NC  28212
Type:  Multifamily
Posted: 8/8/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 38.69-acre The Landing at Beaver Creek Multifamily Development Site in Powell (Knoxville), TN. The site is fully entitled and designed for 226 units, with plans calling for a mix of garden apartment and rental townhome product. Land disturbance and NPDES permits have already been pulled. Powell is a quaint suburb in north Knoxville with all the conveniences of the city. K-12 public schools, grocery options, and abundant national retailers are all within an easy 5-minute drive of the site. Additionally, Downtown Knoxville and the University of Tennessee are reachable within a quick 15-minute drive, making the site a great location for students and downtown employees to call home in the future. The Landing at Beaver Creek Multifamily Development Site offers an exciting opportunity to expediently break ground in one of the strongest secondary markets in the Southeast.
...
The Landing at Beaver Creek
38.69 Acres
W Beaver Creek Drive
Powell, TN  37849
Type:  Land
Posted: 10/10/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 284 unit Anderson Value-Add Portfolio, which can be acquired together or separately. Situated in Anderson SC, these three properties benefit from their idyllic location in the Upstate, SC, which has experienced over $5B in capital investments since 2022. Ideal proximity via I-85 provides direct accessibility to Anderson’s employment drivers, including AnMed Health Center, Anderson University, Bosch Corp, and Tectronic Industries, as well as the area’s top retail destinations. Strong fundamentals, including immense rental growth (20% projected through 2028), affluent demographics ($72K HHI) and a lack of supply (less than 110 units under construction) elevate the Anderson submarket. Built between 1964-2004, the Anderson Portfolio arrives to the market significantly below market competitors (+$400 below top comp), with a proven value-add program and the option to assume favorable, fixed rate debt as low as 3.68%.
...
Anderson 3 Portfolio (3 properties, 284 units)
The Oaks at Anderson
100 Units
106 Concord Avenue
Anderson, SC  29621
Type:  Multifamily
Posted: 5/22/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The One at Fayetteville, a premier 264-unit multifamily asset located in Fayetteville, NC. Built in 2024, this Class-A community grants residents access to top-of-market amenities and finishes among comparable product in the area. Ideally located alongside the All-American Highway, residents gain immediate access to Fayetteville’s top retail and entertainment options with a convenient commute to Fort Liberty’s 16,000+ job opportunities and an additional 9,000+ jobs within the premier Healthcare Corridor.

The One at Fayetteville offers new ownership the chance to invest in a high-performing asset that has showcased an impressive lease-up performance, averaging 30 move-ins per month from December to July. Surrounded by a limited supply pipeline coupled with impressive population growth of 38% in the last 5 years, new investors have an extraordinary opportunity to capitalize on the property’s future growth as it reaches stabilization in August and enters its second generation of leasing.

...
The One at Fayetteville
Offers Due:  Wednesday, September 18, 2024
264 Units
1025 Hirschfield Drive
Fayetteville, NC  28303
Type:  Multifamily
Posted: 8/13/2024
OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Palms at Edgewater, a premier 288-unit multifamily asset located in Summerville, SC. Built in 2023, this Class-A community is strategically positioned in one of Charleston’s most desirable, high-growth submarkets, providing residents a wealth of lifestyle offerings and access to the area’s largest employment nodes. The surrounding area features exceptional long-term fundamentals, including affluent demographics ($105K avg. HHIs), a dwindling supply pipeline with top absorption projections in the Charleston MSA, and significant barriers to entry.

With an average of 27 move-ins since January, The Palms at Edgewater presents new ownership a distinctive opportunity to invest in a high-performing asset, characterized by positive operational momentum and impressive leasing trends. Boasting outsized floorplans, the property trails top submarket competitors by nearly $150, ideally positioning the property to secure significant rental gains as it reaches stabilization and enters its second generation of leasing.

...
The Palms at Edgewater
288 Units
1005 Sonoran Circle
Summerville, SC  29485
Posted: 9/5/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 284 unit Anderson Value-Add Portfolio, which can be acquired together or separately. Situated in Anderson SC, these three properties benefit from their idyllic location in the Upstate, SC, which has experienced over $5B in capital investments since 2022. Ideal proximity via I-85 provides direct accessibility to Anderson’s employment drivers, including AnMed Health Center, Anderson University, Bosch Corp, and Tectronic Industries, as well as the area’s top retail destinations. Strong fundamentals, including immense rental growth (20% projected through 2028), affluent demographics ($72K HHI) and a lack of supply (less than 110 units under construction) elevate the Anderson submarket. Built between 1964-2004, the Anderson Portfolio arrives to the market significantly below market competitors (+$400 below top comp), with a proven value-add program and the option to assume favorable, fixed rate debt as low as 3.68%.
...
Anderson 3 Portfolio (3 properties, 284 units)
The Reserve at Anderson
152 Units
150 Continental Street
Anderson, SC  29625
Type:  Multifamily
Posted: 5/22/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ± 48-acre development site, The Reserve at Savannah Harbor Development Site, located in Savannah, GA. Positioned on Hutchinson Island, just a short drive or ferry ride from historic downtown Savannah, the site’s location offers the opportunity for luxurious island living with all the conveniences and amenities of a major city. The opportunity consists of 149 finished lots with utilities, a completed clubhouse, and raw land with potential for 172 additional lots, poising it well for build-to-rent development. Lots have unrivalled views of the Savannah Harbor Golf Course, the Savannah River, the Little Black River, the Talmadge Memorial Bridge, and downtown Savannah. Significant public and private investments are in progress across multiple developments on Hutchinson Island. Savannah’s growth, fueled by its thriving port, has bolstered an impressive coastal economy. The Reserve at Savannah Harbor Development Site presents a generational chance to acquire a large portion of the only island off downtown Savannah and develop one of the city’s premier and most unique communities.
...
Under LOI
The Reserve at Savannah Harbor
48 Acres
407 Reserve Way
Savannah, GA  31401
Type:  Land
Posted: 1/25/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Willows at Grande Dunes, a premier 321-unit multifamily community located in the fastest growing region in the country, Myrtle Beach, SC. Built in 2023, this institutional asset is strategically located alongside Hwy 17, in the sought-after Grande Dunes neighborhood, providing residents with seamless connectivity to major employment centers and retail. Residents continue to migrate to Myrtle Beach due to the low cost of living, highly ranked school districts, accessibility, and the vibrant culture and entertainment. The immediate area surrounding the property boasts long-term fundamentals, including skyrocketing home values (110% increase in mortgage payments), blue-chip demographics ($151k+ avg. HHI), and 79k+ jobs within a 25-minute drive. Willows at Grande Dunes also offers residents a “Grande” experience, including modern interiors, elevators in each building, pickleball courts, and a poolside putting green. Averaging 26 move-ins since March, the property is primed to benefit from the summer leasing season as well as capitalize on second generation leasing, in order to bridge the rent delta to top-of-market competitors.
...
The Willows at Grande Dunes
321 Units
7075 Cuddy Lane
Myrtle Beach, SC  29572
Type:  Multifamily
Posted: 7/8/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 146-unit Vivo Port Royal apartment community located in rapidly growing Port Royal, SC. Bounded by the resilient industries of medical, military, and tourism, Vivo Port Royal sits less than two miles from Beaufort’s two major hospitals, the Naval Hospital Beaufort (1.5k+ jobs) and Beaufort Memorial Hospital (1.3k+ jobs). Residents at Vivo Port Royal are set to benefit from the fruitful surrounding demographics with avg. household incomes to increase 11% and eclipse $100k by 2027, a dominant white-collar workforce (62%), and a dwindling multifamily pipeline. Built in 1986 and renovated in 2022, Vivo Port Royal arrives to the market with a recent capital infusion of over $6M, including both interior and exterior renovations. Through the implementation of a Value-Add 2.0 enhancement, new ownership has the opportunity to further improve unit interiors to be able to push rents ~$215 and help bridge the rent delta to submarket competitors.
...
Under Contract
Vivo Port Royal
146 Units
1660 Ribaut Road
Port Royal, SC  29935
Posted: 5/28/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 230-unit VIVO Wilmington apartment community located in Wilmington, NC. This asset is situated in the heart of Wilmington, which is characterized by a growing population, rising home values, and exceptional universities. The immediate area surrounding the property is comprised of college educated renters (67%) that are 56% white-collar and average +$63K in median household income. Residents of VIVO Wilmington have instant access to the College Road Corridor, which provides a plethora of retail, entertainment, and lifestyle amenities less than 1 mile away from the asset. The fruitful industries of manufacturing, technology, and banking ground the Wilmington economy, which is experiencing a major economic boom as economic drivers continue to announce plans to move to/expand in the area. Built in 1965 and renovated in 2023 with over $6.7M in capital infusion invested, VIVO Wilmington offers a compelling opportunity to mend the rental gap between market comparables.
...
VIVO Wilmington
230 Units
4903 Market Street
Wilmington, NC  28405
Type:  Multifamily
Posted: 7/30/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit Willington Lakes apartment community located in Orangeburg, SC. This asset is situated in between the booming metro areas of Charleston and Columbia, SC just off I-26, and has welcomed over $221M in capital investments over the past 24 months along with 1,150 new jobs. The property will benefit from continued rent growth with recent leases being signed $46 over the most recent rent roll. Additionally, a new owner has the ability to assume the current in-place loan with 7 months remaining IO at a 3.87% interest rate. Built in 2002, Willington Lakes offers an outstanding opportunity to invest in a thoughtfully maintained asset primed for a Class-A value-add program. Current ownership has spent over $1.2M on capital improvements at the property leaving plenty of headroom for a new owner to achieve significant premiums through an interior value-add program.
...
Willington Lakes
Offers Due:  Tuesday, September 10, 2024
216 Units
401 Willing Lakes Court
Orangeburg, SC  29118
Type:  Multifamily
Posted: 8/5/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±6.86-acre Willows at Burlington Multifamily Development Site. The site is pad-ready and zoned PD with permits for 205 apartment units in hand, allowing a developer to begin vertical construction upon closing. Located within Burlington’s main retail corridor and with easy access to both I-40/I-58 and US Hwy 70, future residents will enjoy convenient drives to the best that Burlington and the Triad has to offer. Burlington has maintained strong multifamily fundamentals, with household incomes approaching $100K surrounding the site and rent growth >3% projected through 2028. The Willows at Burlington Multifamily Site presents the opportunity to develop a Class A apartment project of scale in the Triad, which is surging with employment growth.
...
Willows at Burlington Multifamily Site
6.86 Acres
1408 St Marks Church Rd
Burlington, NC  27215
Type:  Land
Posted: 6/18/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±5.13-acre Yukon Multifamily Development Site located in Yukon, OK (OKC metro). The site is entitled by way of zoning for 129 multifamily units. A thoughtfully designed 3-story surface parked apartment project is planned for the site which is adjacent to the quaint Somers Pointe neighborhood.
...
Yukon Multifamily Development Site
5.13 Acres
W Reno Ave
Yukon, OK  73099
Type:  Land
Posted: 7/29/2024
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
...
AVR Portfolio (13 properties, 3,956 units)
@ 1377
215 Units
1377 Dresden Drive
Brookhaven, GA  30319
Type:  Multifamily
Posted: 11/29/2017