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. HHI), 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 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.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Summit on 401, a 291-unit apartment community located in Fayetteville, NC. This asset is situated nearby the regions largest economic drivers, including Fort Liberty, the largest military base in the world.

Built in 2012, The Summit on 401 offers an outstanding opportunity to invest in a market with strong multifamily trends and high demand, supported by a 55% white collar population and 56% renter-occupied housing. Located just minutes from a plethora of retail, including the 1M+ SF Cross Creek Mall, one of the largest malls in North Carolina, and the Skibo Road retail corridor, The Summit on 401 is in one of the most highly sought-after pockets of Fayetteville. The property is one of the most amenitized assets in Fayetteville and has an in-place value-add program where renovated units are achieving $100+ premiums over classic 1-bedroom units and $150 for 2-and-3-bedroom units. By completing the value-add initiative, incoming investors can increase annual NOI by a staggering 36%+.

OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Tatum, a 176-unit apartment community located in Charlotte, NC. Built in 1980, The Tatum has recently received over $2M in capital expenditures and offers a proven, in-place value-add opportunity for new ownership to bring unit finish levels in line with comparable properties in the submarket where there is a $300+ mark to market potential. In addition, the property is being offered both free and clear and with assumable floating rate debt. Significant capital has also been infused into the submarket, most notably the Eastland Mall Redevelopment site, with plans to bring 155 single-family units, 70 affordable senior housing units, 274 multifamily units, 17,500 SF commercial space, as well as infrastructure improvements, ideally positioning the submarket for further subsequent growth. Future development of the LYNX Light Rail Silver Line, along with the continuation of the LYNX Gold Line, will continue to improve the transportation and accessibility in East Charlotte, making The Tatum a prime opportunity to invest in one of Charlotte’s most transformative submarkets with 250K jobs within a 20-minute drive.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Universal at Pine Ridge, a 210-unit multifamily community located in Lyman, SC. Positioned in the heart of the Spartanburg/Greenville MSA, the property profits from Upstate’s robust economic growth. Residents benefit from proximity to key employers, including BMW Plant Spartanburg, Michelin Manufacturing Plant, and Greenville/Spartanburg International Airport, all within a less than 20-minute drive. Completed in 2023, Universal at Pine Ridge offers a prime investment opportunity with resort-style amenities and upscale finishes. Currently trailing competitors by an average of $258 in effective rent, there is potential to bridge the gap and generate an additional $615K in income through strategic rent increases and the introduction of Pest Control, Valet Trash, and Washer/Dryer programs. With a constrained supply pipeline and significant population growth of 36% since 2018, this property is poised for substantial future growth as it enters its second generation of leasing.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit Village at Hunter’s Run apartment community, located in Pembroke, North Carolina. Strategically positioned in the heart of southeastern North Carolina, Pembroke thrives within the Southeast’s business-friendly environment, which supports key industries such as manufacturing, food processing, and logistics. As a result, residents of the Village at Hunter’s Run enjoy access to major employment centers in Robeson and surrounding counties, with the added convenience of being within a day’s drive of major East Coast cities. The local everyday commute includes easy access to UNC Pembroke’s 3,200 jobs and popular retail destinations.

Built in 2021, this premier asset offers residents top-tier amenities and Class A finishes, designed to appeal to the area’s educated workforce. With no competing units proposed or under construction within a 20-mile radius, The Village at Hunter’s Run presents a strong replacement cost advantage. Investors also have the opportunity to leverage immediate upside potential through attractive assumable debt while benefiting from the area’s projected future growth.

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.

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.

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.

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.