The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.
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Under LOI
Upstate Value-Add 5 Portfolio (5 properties, 912 units)
The Park At Bonito
180 Units
25 Pelham Road
Greenville, SC  29615
Type: Conventional
Posted: 5/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.
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Under LOI
Upstate Value-Add 5 Portfolio (5 properties, 912 units)
The Park at Calabria
101 Units
100 Pelham Road
Greenville, SC  29615
Type: Conventional
Posted: 5/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.
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Under LOI
Upstate Value-Add 5 Portfolio (5 properties, 912 units)
The Park At Sondrio
271 Units
3500 Pelham Road
Greenville, SC  29615
Type: Conventional
Posted: 5/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.
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Under LOI
Upstate Value-Add 5 Portfolio (5 properties, 912 units)
The Park At Vietti
204 Units
1000 Hunt Club Lane
Spartanburg, SC  29301
Type: Conventional
Posted: 5/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Pointe at Irving Park, a 198-unit apartment community located in Greensboro, NC. This asset is in an extremely desirable and rapidly growing pocket of the Greensboro market, where affluent demographics, rising home values, and proximity to the area’s best employment centers contribute to this submarket’s appeal. Last year, area asking rents grew an astonishing 20.4% and are not expected to slow in the near term. Household income in a half-mile radius averaged $118K and home values averaged $313K, illustrating the strong economy and solid renter base that characterizes this area. The surrounding thoroughfares Pisgah Church Rd, North Elm Rd, and Cone Blvd allow residents of The Point at Irving Park to easily access the plethora of nearby retail options. Furthermore, the I-840 Urban loop is located just 1 mile away from the property and provides connectivity to the Triad region’s largest employers. Toyota, Publix, Cone Health, Amazon, and Guerrilla RF INC have made plans to expand to the area, fueling the recent economic expansion the Triad is currently experiencing. Built in 1987, The Pointe at Irving Park offers an outstanding opportunity to acquire an institutionally owned asset and inherit a proven, multifaceted value-add program to achieve a 38% ROI.
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The Pointe at Irving Park
198 Units
3100 North Elm Street
Greensboro, NC  27408
Type: Conventional
Posted: 4/21/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Preserve at Pine Valley, 219-unit apartment community located in Wilmington, NC, the 3rd fastest growing city in the state. Built in 1974, Preserve at Pine Valley is a strong performing asset with excellent value-add potential and strong operational momentum. Ranked top 20 for inbound population growth in 2020, the South Wilmington submarket posted 17.5% YoY rent growth through 2021 bolstered by the presence of nearby retail, jobs, and education opportunities including UNC Wilmington just north of the property. Incoming investors can capitalize on strong market fundamentals by completing the in-place value-add program and pushing rents $300+.
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Under Contract
The Preserve at Pine Valley
219 Units
3314 Wickslow Road
Wilmington, NC  28412
Type: Conventional
Posted: 12/13/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Vic, a 297-unit apartment community located in Greensboro, NC. This asset is situated in a desirable Greensboro submarket, which ranked #1 in effective rent growth (19.6% YOY) and achieved the #1 occupancy rating (98.6%) last quarter. It is also characterized by high barriers to entry and attractive demographics. The surrounding thoroughfares Spring Garden St, W Market St, and Gate City Blvd link residents at The Vic to the plethora of dining, retail, and entertainment options the nearby area offers. Less than three miles away from the asset is the 40/I-85 thoroughfare, which provides instant connectivity to the Triad’s most notable employers. Boom Supersonic, Toyota, Publix, Cone Health, Amazon, and Guerrilla RF INC have made plans to expand to the area, greatly contributing to the massive economic boom the Triad is currently experiencing. Built in 1973/2009, The Vic allows investors to obtain a beautifully remodeled asset with resort style amenities that offers investors $545K in additional revenue through the implementation of utility billing.
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The Vic
297 Units | 790 Beds
705 Milton Street
Greensboro, NC  27403
Type: Student
Posted: 5/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of W Flats, a 247-unit apartment community located in Charlotte, NC. This asset is situated directly next to the proposed LYNX Silver Line light rail. Built in 1986, W Flats represents an outstanding opportunity to invest in the rapidly transforming East Charlotte submarket. A recent $2.7 million has been invested in the property since 2015, while comparable properties in the submarket support $430+ rent headroom. With all 247 units being fully or partially renovated, the property offers major growth opportunities with its extreme proximity to a proposed Silver Line Light Rail station and positive demographic trends in the immediate area. In addition to the proposed transit project, The Eastland Mall Redevelopment has also influenced a major influx of capital into the surrounding area.
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W Flats
247 Units
7200 Wallace Road
Charlotte, NC  28212
Type: Conventional
Posted: 3/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 44 -unit, Willow Bend apartment community located in Durham, NC. This asset is situated in the rapidly-expanding area of Southwest Durham, an integral part of the Research Triangle which is home to over 300 companies employing more than 50,000 workers. Willow Bend is just one mile away from Downtown Durham, one and a half miles away from Duke University, and two miles away from the new Google Office. There are also three shopping centers within a 3-mile radius of the property. Built in 1993, Willow Bend offers an outstanding opportunity to invest in the thriving area, while also providing the prospect to complete an in-place value-add program that can generate an additional $53k in revenue and improve NOI by 16%.
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Under Contract
Willow Bend
44 Units
1718 Palmer Street
Durham, NC  27707
Posted: 10/5/2021