The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 858-unit Alabama 858 Portfolio spanning two different booming markets in Alabama. Comprised of almost 1,000 units, the Alabama 858 Portfolio offers immediate scale in the Sunbelt, the nationwide leader in both rent and population growth. With 858 total units primed for value add upgrades, the next investor can add $1.1M+ to bottom-line NOI through interior value add. Built between 2008-2012, the Alabama 858 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Alabama 858 Portfolio (2 properties, 858 units)
Apartments at the Venue
Offers Due:  Tuesday, August 24, 2021
618 Units
100 Sydney Street
Valley, AL  36854
Type: Conventional
Posted: 8/2/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 512-unit Montgomery Midtown Portfolio located in the desirable East submarket of Montgomery, Alabama. The 2 assets, Arbor Station and Stratford Village, offer direct connectivity to Downtown and Midtown. Benefitting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create an additional 1,200 jobs to build a new light truck model in Montgomery. Arbor Station and Stratford Village are surrounded by some of the metro’s primary job/retail cores, such as AUM, Baptist Health, and The Shoppes at Eastchase. With heavy, in-place capital infusion and strong locations, the Montgomery Midtown Portfolio is in a prime position for growth for the next investor.
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Montgomery Midtown Portfolio (2 properties, 512 units)
Arbor Station
288 Units
2495 Meadow Ridge Lane
Montgomery, AL  36117
Type: Conventional
Posted: 7/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,983-unit Gulf States 8 Portfolio spanning three different markets in Alabama and Mississippi. Comprised of almost 2,000 units, the Gulf States 8 Portfolio offers immediate scale throughout the Southeast, the nationwide leader in both rent and population growth. With 1,983 total units primed for value add upgrades, the next investor can add $3.4M+ to bottom-line NOI through interior value add. Built between 1972-1995, the Gulf States 8 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Gulf States 8 Portfolio (8 properties, 1,983 units)
Birchwood
184 Units
500 Eastdale Road South
Montgomery, AL  36117
Type: Conventional
Posted: 7/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,983-unit Gulf States 8 Portfolio spanning three different markets in Alabama and Mississippi. Comprised of almost 2,000 units, the Gulf States 8 Portfolio offers immediate scale throughout the Southeast, the nationwide leader in both rent and population growth. With 1,983 total units primed for value add upgrades, the next investor can add $3.4M+ to bottom-line NOI through interior value add. Built between 1972-1995, the Gulf States 8 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Gulf States 8 Portfolio (8 properties, 1,983 units)
Colony Woods
414 Units
2000 Colony Park Drive
Birmingham, AL  35243
Type: Conventional
Posted: 7/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,983-unit Gulf States 8 Portfolio spanning three different markets in Alabama and Mississippi. Comprised of almost 2,000 units, the Gulf States 8 Portfolio offers immediate scale throughout the Southeast, the nationwide leader in both rent and population growth. With 1,983 total units primed for value add upgrades, the next investor can add $3.4M+ to bottom-line NOI through interior value add. Built between 1972-1995, the Gulf States 8 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Gulf States 8 Portfolio (8 properties, 1,983 units)
Corner Stone
226 Units
2637 The Meadows
Montgomery, AL  36116
Posted: 7/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Arkansas 360 portfolio, 5 properties and 360 total units spanning the North Little Rock, Hot Springs, and Fort Smith markets. Each market offers the investor a diversified tenant pool with stable job growth projections. Built between 1973-2005, the Arkansas 360 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio while allowing the next owner to inject additional capital for interior value add, refreshed exteriors, and boost exit value.
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Arkansas 360 Portfolio (5 properties, 360 units)
Cottages of Hot Springs
72 Units
921 Shady Grove Rd
Hot Springs, AR  71901
Posted: 6/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Covington Park & Southbrook Gardens apartment communities located in Jackson, Hinds County, MS. The assets are well located right next to each other with quick access to Downtown Jackson and the MSA’s premiere retail pockets via I-55. Located within a supply constrained submarket with strong rent growth, each asset offers an immediate opportunity to initiate an interior value add program and push rents $75 while remaining in LIHTC compliance. Built in 1975 & 2006, Covington Park & Southbrook Gardens offer an outstanding opportunity to invest in up trending, well-located LIHTC assets.
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Under Contract
Covington Park & Southbrook Gardens (2 properties, 256 units)
Covington Park
156 Units
100 Covington Park Drive
Jackson, MS  39212
Type: LIHTC
Posted: 11/18/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Edgewater Crossings, a 266-unit, 2014-built apartment community located along Florida’s Gulf Coast. Edgewater Crossings offers residents a "beach-style" living experience with close proximity to all of Panama City Beach’s lifestyle amenities. The area is home to some of the nicest beaches in the U.S. which continues to drive strong population and rent growth, respectively. Built in 2014, Edgewater Crossings represents an outstanding opportunity to invest in an institutional quality asset with extraordinary cash flow in the desirable Panama City Beach submarket.
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Edgewater Crossings
266 Units
204 Potters Bluff Drive
Panama City Beach, FL  32408
Type: Conventional
Posted: 6/2/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 195-unit apartment communities of Elevate at 604 West and The Greens on 5th, located in Fort Walton Beach, FL. These assets are well-situated with proximity to state ranked schools and all of Ft Walton's primary economic drivers. Built in 1974 and 1983, the assets have undergone significant interior and exterior renovations and are trending strongly, arriving to market 97% occupied. The Ft Walton Beach market is experiencing solid 10+% cumulative population growth and 6%+ Avg. YoY rent growth since 2017. Both assets have achieved exceptional rent growth (12%+ since acquisition) amid a major capital injection. Elevate at 604 West and The Greens on 5th offer the next investor an outstanding opportunity to acquire repositioned assets with exceptional rent growth and stable cash flow in a high growth submarket.
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Under Contract
Ft Walton Beach 195 Portfolio (2 properties, 195 units)
Elevate at 604 West
99 Units
604 Colonial Drive
Fort Walton Beach, FL  32547
Posted: 6/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Arkansas 360 portfolio, 5 properties and 360 total units spanning the North Little Rock, Hot Springs, and Fort Smith markets. Each market offers the investor a diversified tenant pool with stable job growth projections. Built between 1973-2005, the Arkansas 360 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio while allowing the next owner to inject additional capital for interior value add, refreshed exteriors, and boost exit value.
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Arkansas 360 Portfolio (5 properties, 360 units)
Glen Oaks
56 Units
8817 S 28th St
Fort Smith, AR  72908
Posted: 6/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Grayton on Dean apartment community located in Auburn, AL. This asset is situated in the heart of the Auburn-Opelika MSA with close proximity to Opelika Road allowing convenient access to Auburn University, the state’s #1 ranked collegiate institution as well as premiere retail destinations and other economic drivers. Following a full $3.8M+ renovation the property arrives to market 100% pre-leased with exceptional rent growth (13%+ on new leases) with further room to push rents on 2nd generation leases. Built in 1964, 1984, and 1986, Grayton on Dean offers an outstanding opportunity to invest in a newly renovated property with exceptional rent and income growth trends.
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Grayton on Dean
Offers Due:  Wednesday, August 11, 2021
240 Units
420 North Dean Road
Auburn, AL  36830
Type: Conventional
Posted: 6/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Gulf Stream, a 64-unit, 2021-built townhome community located in thriving the Orange Beach community in Baldwin County, AL. Gulf Stream is a Class A, purpose-built BTR townhome community situated 3 miles from pristine beaches ($5B+ economic impact) & 2 miles from The Wharf, a famous 222-acre entertainment district. Arriving to market 98% occupied with excellent in-place rent growth trends (9.26% organic growth), Gulf Stream is poised as a market leader in its asset class and will continue to benefit from explosive population growth nearby. Fully delivered in May 2021, Gulf Stream is the premier townhome community along the AL Gulf Coast. With 64 3 BR townhomes featuring 100% ground floor entry, attached garages, & premiere unit features, Gulf Stream offers a quality BTR townhome product with professional property management efficiencies. Given its strategic location & strong leasing trends, Gulf Stream presents an outstanding opportunity to acquire a unique property along the Gulf Coast.
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Under Contract
Gulf Stream
64 Units
24804 Gulf Stream Cir
Orange Beach, AL  36561
Type: Conventional
Posted: 5/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Arkansas 360 portfolio, 5 properties and 360 total units spanning the North Little Rock, Hot Springs, and Fort Smith markets. Each market offers the investor a diversified tenant pool with stable job growth projections. Built between 1973-2005, the Arkansas 360 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio while allowing the next owner to inject additional capital for interior value add, refreshed exteriors, and boost exit value.
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Arkansas 360 Portfolio (5 properties, 360 units)
Indiandale Manor
132 Units
105 Lowery Street
Hot Springs, AR  71901
Posted: 6/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Meadowbrook - 60 units located in the affluent Baldwin County city of Foley, AL. Baldwin County is the fastest growing county in Alabama and boasts average household incomes 20%+ greater than the state average. The property is ideally situated close to high-quality retail, schools and major employment drivers. Built in 1979/2007, Meadowbrook represents an outstanding opportunity to invest in a cash-flowing asset primed for further growth via a targeted value add campaign.
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Under Contract
Meadowbrook
60 Units
701 S Juniper Street
Foley, AL  36535
Posted: 3/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Meridian at the Port, a 267-unit, 2019-built apartment community located in Mobile, AL. The asset’s luxurious interiors, upscale amenities, and urban aesthetics cater to a markedly affluent profile, exemplified by an average household income of $90K. The asset affords residents luxury finishes with modernized use of space while maintaining walkability to quality dining, shopping, and entertainment options. Built in 2019, Meridian at the Port has demonstrated impressive operational trends, providing new ownership a firm foundation for immediate growth in an irreplaceable location.
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Meridian at the Port
267 Units
300 Water Street
Mobile, AL  36602
Posted: 6/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 620-unit Montgomery 4 Portfolio located in Montgomery, AL. Benefitting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create an additional 1,200 jobs to build a new light truck model in Montgomery. Targeted capital has improved the physical plant and helped boost collections across the portfolio. Built between 1971-1974 the Montgomery 4 portfolio offers an outstanding opportunity to invest well-maintained assets with major value add potential.
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Under Contract
Montgomery 4 Portfolio (4 properties, 620 units)
Midtown Oaks
244 Units
3543 Carter Hill Road
Montgomery, AL  36111
Posted: 1/12/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Mountainside apartment community located in the desirable Southside submarket of Birmingham, Alabama. Southside has proven to be a highly attractive submarket in the metro due to proximity to both Downtown (UAB, CBD, Parkside) and upper echelon suburbs to the south (Mountain Brook, Homewood). Downtown has been truly transformed over the last 5 years and will continue to see an influx of jobs, capital, and residents moving to the urban core. Mountainside is poised to grow rents ($150-$200) through the initiation of value add 2.0.
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Mountainside
196 Units
101 Penthouse Drive
Birmingham, AL  35205
Type: Conventional
Posted: 6/3/2021
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Gulf States Multifamily Team, is pleased to present the exclusive listing of the 40-unit, 200-bed, Old Row at Cloverdale student housing community located in Tuscaloosa, Alabama. This boutique, 2013 purpose-built asset, is located adjacent to the University of Alabama offering direct access to campus within a three minute walk. This investment offers a buyer the opportunity to acquire a quality turn-key asset that is pedestrian-to-campus, at a strong SEC University.
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Old Row at Cloverdale
40 Units | 200 Beds
1335 Cloverdale Road
Tuscaloosa, AL  35401
Type: Student
Posted: 7/22/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,983-unit Gulf States 8 Portfolio spanning three different markets in Alabama and Mississippi. Comprised of almost 2,000 units, the Gulf States 8 Portfolio offers immediate scale throughout the Southeast, the nationwide leader in both rent and population growth. With 1,983 total units primed for value add upgrades, the next investor can add $3.4M+ to bottom-line NOI through interior value add. Built between 1972-1995, the Gulf States 8 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Gulf States 8 Portfolio (8 properties, 1,983 units)
Park at Moss Creek
393 Units
5000 Ridgewood Road
Jackson, MS  39211
Type: Conventional
Posted: 7/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 342-unit Portofino apartment community located in Mobile, AL. The asset was purchased in 2017 and subsequently received $11.9M of CAPEX to principally deliver a brand-new asset. The Mobile MSA has experienced significant wins in recent years with large projects initiated by Walmart, Amazon and Airbus which are providing for job growth and heavy capital expenditures. Built in 1973 and 100% revitalized, Portofino offers an outstanding opportunity to invest in a cash-flowing asset that is poised to generate strong returns through second generation leases.
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Portofino
342 Units
3907 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Posted: 5/12/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 129-unit Ridgeland Ranch apartment community, located in the heavily sought-after Ridgeland suburb of Jackson, Mississippi. Ridgeland is currently ranked the 2nd best municipality in Mississippi, offering one of the state’s most coveted school systems and highest median incomes ($85K 5-Mile radius). Built in 1974, Ridgeland Ranch offers the next investor a uptrending asset within an affluent submarket with market-backed value add upside.
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Ridgeland Ranch
129 Units
1620 East County Line Road
Ridgeland, MS  39157
Posted: 7/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 468-unit Riverchase Landing apartment community located in the highly desirable Hoover suburb of Birmingham, AL. Hoover features state-ranked schools (#5) and heavily restricts new multifamily developments. This asset offers an outstanding location for tenants as it is minutes from 10,000+ jobs and 5.5M square feet of quality retail amenities. Built in 1984-92, Riverchase Landing presents a rare opportunity to invest in a cash-flowing asset that has an in-place value add campaign (up to $250 premiums) that can be expanded upon, creating significant room for revenue growth for the next investor.
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Riverchase Landing
468 Units
200 River Haven Circle
Hoover, AL  35244
Type: Conventional
Posted: 5/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 24-unit Rosewood Manor apartment community located in Moulton, Lawrence County, AL. This asset is situated in booming North Alabama, pegged between the Florence/Muscle Shoals and Huntsville MSAs, which is expected to add nearly 50,000 new residents by 2025. The asset is immediately eligible to enter the Qualified Contract period and begin conversion to a market rate community. Built in 2001 as 55+ designated LIHTC, Rosewood Manor offers an outstanding opportunity to invest in an asset offered well-below replacement cost with significant value-add upside via LIHTC exit.
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Rosewood Manor
24 Units
1111 Pickens Street
Moulton, AL  35650
Posted: 2/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Covington Park & Southbrook Gardens apartment communities located in Jackson, Hinds County, MS. The assets are well located right next to each other with quick access to Downtown Jackson and the MSA’s premiere retail pockets via I-55. Located within a supply constrained submarket with strong rent growth, each asset offers an immediate opportunity to initiate an interior value add program and push rents $75 while remaining in LIHTC compliance. Built in 1975 & 2006, Covington Park & Southbrook Gardens offer an outstanding opportunity to invest in up trending, well-located LIHTC assets.
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Under Contract
Covington Park & Southbrook Gardens (2 properties, 256 units)
Southbrook Gardens
100 Units
345 Daniel Lake Blvd
Jackson, MS  39212
Type: LIHTC
Posted: 11/18/2020