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
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Michael - 159 fully renovated, Class A units in the heart of Historic Downtown Mobile. Downtown has been truly transformed over the last 5 years and will continue to see an influx of jobs, capital, and residents migrating to the urban core. The Michael is a QOZ (qualified opportunity zone) asset which will provide future ownership with significant tax benefits. Current ownership has spent over $5.2M for full interior, exterior, and amenity renovations - now offering residents luxury finishes with modernized use of space while maintaining walkability to quality dining, shopping, and entertainment options. The Michael represents the rare opportunity to acquire heavily capitalized, well-located, turn-key asset far below replacement cost.
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The Michael
159 Units
758 St. Michael Street
Mobile, AL  36602
Type: Conventional
Posted: 1/20/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile 148 Portfolio. Mobile is the Gulf Coast’s dominant corridor for shipping & aerospace, attracting key players such as Walmart, Amazon and Airbus (4,000+ new jobs). Comprised of 148 units across 3 properties, the Mobile 148 Portfolio arrives to market with heavy capital infusion, proven value add upside, and excellent leasing trends.
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Under Contract
Mobile 148 Portfolio (3 properties, 148 units)
The Retreat at Pleasant Valley
60 Units
2904 Pleasant Valley Rd
Mobile, AL  36606
Posted: 2/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listings of The Station at Town Madison (274 units) and The Station at Clift Farm (315 units) in Huntsville, AL. The Station at Town Madison delivered in March 2020, and is now 83% occupied / 90% leased with stabilization expected in April following a tremendous leasing season that averaged 29 units/month from June-Sep 2020. The Station at Clift Farm is set to fully deliver in September 2021. Huntsville is one of the hottest economic metros in the US as annualized apartment rents have grown 7.2% YoY in Q1 2021, following 9.7% in 2020 and 6.0% in 2019. The two Class A+ assets feature superb finishes and unique touches only seen in the most iconic properties.
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The Station at Town Madison & Clift Farm (2 properties, 589 units)
The Station at Clift Farm
315 Units
8140 Highway 72
Madison, AL  35758
Posted: 3/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listings of The Station at Town Madison (274 units) and The Station at Clift Farm (315 units) in Huntsville, AL. The Station at Town Madison delivered in March 2020, and is now 83% occupied / 90% leased with stabilization expected in April following a tremendous leasing season that averaged 29 units/month from June-Sep 2020. The Station at Clift Farm is set to fully deliver in September 2021. Huntsville is one of the hottest economic metros in the US as annualized apartment rents have grown 7.2% YoY in Q1 2021, following 9.7% in 2020 and 6.0% in 2019. The two Class A+ assets feature superb finishes and unique touches only seen in the most iconic properties.
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Under Contract
The Station at Town Madison & Clift Farm (2 properties, 589 units)
The Station at Town Madison
274 Units
200 Town Madison Boulevard
Madison, AL  35758
Posted: 3/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 94-unit TimberChase apartment community located in Birmingham, AL. This asset is nestled in-between Downtown Birmingham and the affluent municipalities of Homewood and Vestavia Hills with close-proximity to all employment and community amenities in the Birmingham MSA. With a quality physical plant in place, the next investor can round out the interiors and initiate light exterior upgrades to push rents by $100+. Nearby properties have proven value add success on recently renovated units. Built in 1973, TimberChase offers an outstanding opportunity to invest in a well-located, performing asset with quick access to all of Birmingham’s top employment and recreational amenity centers.
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Under Contract
TimberChase
94 Units
925 Beacon Parkway East
Birmingham, AL  35209
Posted: 10/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 280-unit Tracewood apartment community located in Jackson, Hinds County, MS. This asset is well located and situated approximately 7 miles north of Downtown Jackson, and less than 2 miles from 2.5 million SF of quality retail. With a quality North Jackson location, the asset presents an immediate opportunity to boost rents $100 through the initiation of a value add campaign. Built in 1976, Tracewood offers an outstanding opportunity to invest in a well-located asset with substantial value add and operational upside.
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Tracewood
280 Units
6300 Old Canton Road
Jackson, MS  39211
Posted: 3/31/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Valley Crest apartment community located in Birmingham, Alabama. The asset is nestled in-between Downtown Birmingham and affluent municipalities of Homewood and Vestavia Hills with close-proximity to all employment and community amenities in the Birmingham Metro. Built in 1979, this well-maintained property represents an outstanding opportunity to invest in a densely occupied asset with a proven value add strategy and unparalleled convenience to an array of Birmingham hot spots.
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Under Contract
Valley Crest
176 Units
316 Beacon Crest Lane
Birmingham, AL  35209
Type: Conventional
Posted: 10/6/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villa Glen and Heritage Place, a 244-unit portfolio located in Birmingham, AL and Meridian, MS. Birmingham is an economic powerhouse and has experienced 34,000+ new jobs and $2.5B+ in capital investments over the past 3 years. Both assets are situated near the growing I-20/I-59 Corridor, two of the Southeast’s most travelled interstates. Built between 1968-2000, Villa Glen and Heritage Place represent an outstanding opportunity to invest in a cash-flowing portfolio with value add upside.
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Under Contract
Villa Glen & Heritage Place (2 properties, 244 units)
Villa Glen
116 Units
900 Division Street
Bessemer, AL  35020
Posted: 3/2/2020
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)
Village Meadows
40 Units
9801 Meandering Way
Fort Smith, AR  72903
Posted: 6/11/2021
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)
Woodland Terrace
60 Units
1701 Skyline Drive
North Little Rock, AR  72116
Posted: 6/11/2021
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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Montgomery 4 Portfolio (4 properties, 620 units)
Woodley Gardens
152 Units
3639 Woodley Road
Montgomery, AL  36116
Type: Conventional
Posted: 1/12/2021
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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Montgomery 4 Portfolio (4 properties, 620 units)
Woodley Oaks
104 Units
3731 Woodley Rd
Montgomery, AL  36116
Posted: 1/12/2021
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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Montgomery 4 Portfolio (4 properties, 620 units)
Woodley Terrace
120 Units
3923 Woodley Road
Montgomery, AL  36116
Posted: 1/12/2021