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Displaying results 25-44 of 44

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 236-unit Osprey Cove North apartment community located in Jacksonville, NC. This asset is strategically located in a unique market, anchored by Camp Lejeune Marine Base and just 2 miles from Marine Corps Air Station New River. Built in 1971, Osprey Cove North offers an outstanding opportunity to invest in a quality, low maintenance asset that has received close to $600K in capital improvements since March 2021. Continuing the proven value-add initiative at Osprey Cove North could potentially boost the trailing 12-month NOI by over 37%. With only 56 unit deliveries since 2015 and nearly zero deliveries projected through 2024, the lack of development pipeline will continue to drive rent increases in Jacksonville’s low-risk, stable economy.

Osprey Cove North

118 Broadhurst Road
Jacksonville, NC 28540

Type: Conventional

Posted: 8/15/2022

Cushman and Wakefield is pleased to present the opportunity to acquire a parcel of land in Oxford, Mississippi (the "property" or "site"), a 42.20 acre site ideally located under one mile to the University of Mississippi. The property is dually zoned for neighborhood residential and traditional neighborhood business, making it a great option for investors to build student housing apartments, multifamily build-to-rent, commercial shopping and retail.

Oxford, MS Land Parcel

Anderson Road / Anchorage Road
Oxford, MS 38655

Posted: 11/21/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Park Ridge, a 122-unit Build-to-Rent townhome community in Myrtle Beach, SC on a forward sale transaction. The property is strategically located in the nation’s fastest growing city, boasting 32% population growth since 2011. Situated in the market’s primary recreation node, Park Ridge offers unbeatable access to the area’s top retail and entertainment, including the 162-acre North Myrtle Beach Sports Complex and the east coast’s largest wake park next-door. Myrtle Beach’s rapidly expanding millennial and boomer demographic bases highlight the submarket’s unique ability to support unprecedented growth within the Build-to-Rent space, as skyrocketing home-ownership costs and limited supply continue to price prospective home-buyers out of the market. Delivering in 2023, the Class-A community will feature best-in-class finishes and amenities, appealing to the area’s established tenant base who desire the conveniences of single-family living without the burdens and increasing financing costs of ownership. Market comparables and submarket projections outline the property’s vast rent potential (almost $2,400 at first CO), and highlight incoming ownership’s opportunity to acquire a differentiated, high-quality asset at an extremely attractive basis.

Champions Blvd
Myrtle Beach, SC 29577

Type: Build for Rent

Posted: 7/12/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Pointe Grand, a premier 288-unit apartment community located in a bustling Greenville, SC market. Situated just south of downtown in an area experiencing rapid economic growth through the extension of the Swamp Rabbit Trail, downtown Mauldin’s City Center redevelopment and the new town center of BridgeWay Station, the Simpsonville submarket continues to prove out its heightened multifamily desirability. The property’s proximate location offers residents direct access via I-26 and I-385 to a number of Greenville County’s largest employers with over 59k jobs in 15-miles and top retail centers like the Simpsonville retail corridor, Mauldin Square and downtown Greenville. Furthermore, residents at Pointe Grand enjoy first class interior finishes with incredible attention to detail, spacious units with open layouts and a top-notch amenity package unmatched by competitors. Built in 2022, Pointe Grand offers an exceptional opportunity to acquire a one-of-a-kind asset with tons of embedded upside through leasing, staggering projected rent growth (22% through 2027) and a $250+ rent delta between comparable properties.

Pointe Grand Simpsonville

8001 Pointe Grand Place
Simpsonville, SC 29680

Type: Conventional

Posted: 8/16/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,152-unit, Cross Country 5 Portfolio located in Arkansas, Oklahoma, and West Virginia. This portfolio is distributed across the Little Rock, Tulsa, and Huntington markets that have seen 7.8%, 10.4%, and 4.8% YoY rent growth, respectively. Little Rock is the state capital of AR and is home to over 60K State and Local Government jobs. With an average household income of over $90K, Broken Arrow is the largest suburb of Tulsa, OK, the second largest city in the state. Built between 1964 and 2017 this portfolio offers an outstanding opportunity to invest in a value-add portfolio in some of the strongest performing markets in the Sunbelt.

DLP Wexford, located in West Virginia, is co-brokered with Century Realty, LLC: Century Centre, 1233 Main Street, Suite 1500, Wheeling, WV 26003. John D. Aderholt, Exclusive West Virginia Broker, +1 304 232 5411, jdaderholt@centuryequities.com

Cross Country 5 Portfolio (5 properties, 1,152 units)

PROSPER Pleasant Valley

1602 Green Mountain Drive
Little Rock, AR 72211

Posted: 9/7/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,152-unit, Cross Country 5 Portfolio located in Arkansas, Oklahoma, and West Virginia. This portfolio is distributed across the Little Rock, Tulsa, and Huntington markets that have seen 7.8%, 10.4%, and 4.8% YoY rent growth, respectively. Little Rock is the state capital of AR and is home to over 60K State and Local Government jobs. With an average household income of over $90K, Broken Arrow is the largest suburb of Tulsa, OK, the second largest city in the state. Built between 1964 and 2017 this portfolio offers an outstanding opportunity to invest in a value-add portfolio in some of the strongest performing markets in the Sunbelt.

DLP Wexford, located in West Virginia, is co-brokered with Century Realty, LLC: Century Centre, 1233 Main Street, Suite 1500, Wheeling, WV 26003. John D. Aderholt, Exclusive West Virginia Broker, +1 304 232 5411, jdaderholt@centuryequities.com

Cross Country 5 Portfolio (5 properties, 1,152 units)

PROSPER Riverdale

2100 Rebsamen Park Road
Little Rock, AR 72202

Posted: 9/7/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Riverwood Apartments, a 206-unit apartment community located in the rapidly expanding city of Wilmington, North Carolina. The 2022-built asset is strategically located in one of the East Coast’s fastest growing cities, seeing 37% population growth since 2010 alone. As population continues to swell, rents in the area are skyrocketing, with 25% rent growth expected by 2027. The property’s long-term desirability is bolstered by its increasingly affluent micro location ($82k+ Avg. HHI) and proximity to the city’s major entertainment & employment centers, including more than 200 new six-figure jobs at the nearby Live Oak Bank Headquarters. Riverwood has demonstrated excellent pace during lease-up thus far, averaging 24 move-ins per month from August 2022 through January 2023, while simultaneously escalating rental rates. Comprised of 42% townhomes and constructed with state-of-the-art finishes, Riverwood represents an outstanding opportunity to acquire one of the market’s top-quality assets, offering a clear path to close the $215 rent runway by signing leases at the proven rates.

Riverwood Apartments

3510 Corder Drive
Wilmington, NC 28412

Type: Conventional

Posted: 2/7/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.39 acre, Build-to-Rent development opportunity located in the surging Simpsonville area of the Greenville MSA, SC only 20 minutes from Downtown Greenville, in the heart of the ‘Golden Strip’ area, one of the fastest growing regions in the Southeast. The entitled land is zoned by-right for 14 units per acre (117-unit maximum density), and significant due diligence has been completed for a site plan of 101 Build-to-Rent Townhome units, giving developers the flexibility to leverage the current template or implement their own plans. The Simpsonville BTR site is positioned in the southeastern submarket of the Greenville MSA, within one of the fastest growing and affluent markets in South Carolina, with 37% population growth in the last 10 years and $109,200 average HHI within a 1-mile radius of the site.

Simpsonville BTR Development Site

215 Stenhouse Rd
Simpsonville, SC 29680

Posted: 6/1/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Brittany, a 214-unit apartment community located in the sought-after Burlington, NC submarket. Built in 1973, The Brittany has recently received a $1.6M+ capital infusion and offers investors a premier value add opportunity located in a market bar belled by dynamic major metros, Raleigh-Durham and Greensboro. The property has enormous growth potential as there is currently $300+ worth of rental headroom to top of the market competitors. New ownership has the opportunity to continue to increase rents through the implementation of a proven value-add program, as well as organic rent growth within the submarket. The Brittany is centrally located and a short distance from Burlington’s biggest retailers and tourist attractions including Alamance Crossing and Red Oak Brewery. Additionally, six major companies have recently announced major investment into the Triad, with Burlington primed to feed off the large economic growth of the region.

Offers Due: Thursday, April 27, 2023

706 Huffman Mill Road
Burlington, NC 27215

Type: Conventional

Posted: 3/21/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 434-unit Columbia Value-Add 3 Portfolio, which can be acquired together or individually. Located in two of Columbia’s most prestigious and high barriers to entry submarkets, Dutch Fork and Lexington, residents at each asset enjoy direst access to 142k+ jobs within a 20-minute drive, seamless connectivity to the area’s largest employers, top tier retail, and higher education paving the way for continued appreciation. Furthermore, the immediate areas provide exceptional demographics with high avg. household incomes, predominantly white-collar workforces, and diminishing multifamily pipelines surrounding each asset. The portfolio arrives to market displaying attractive fundamentals including steady occupancy levels (98% avg.), an attractive mix of outsized floorplans as 50% of units are townhomes, an 18+ year ownership hold, and the opportunity for future development on Three Rivers’ additional 3 acres of land. Built from 1970-1974, this portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well maintained assets ($2.9M+ in CapEx since 2020) with proven value-add programs achieving average premiums of $140.

Columbia Value-Add 3 Portfolio (3 properties, 434 units)

1513 Farrington Way
Columbia, SC 29210

Type: Conventional

Posted: 2/7/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove, a 178-unit apartment community located in Raleigh, NC. This asset is situated in a thriving pocket of West Raleigh, characterized by an affluent rental base, top rated schools, high home values (averaging $420K), and exceptional rent growth (20.3% Q1 2022). Less than 10 minutes away from the heart of Raleigh, the asset’s immediate location is emersed in some of the best retail, dining, and entertainment the city has to offer. Among the top three hottest job markets in the country, Raleigh is rapidly expanding with major mixed-use and office development projects currently underway. Thoroughfares I-440 and I-40 instantly link residents to the Triangle’s top employers, including Research Triangle Park, UNC Chapel Hill University/Healthcare, and Duke University/Healthcare. Built in 1972, The Grove represents an outstanding opportunity to invest in a well-maintained asset and complete a rewarding and proven value-add program to achieve an additional $264K in additional revenue.

3926 Marcom Street
Raleigh, NC 27606

Posted: 5/18/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.

The Grove at Orange Beach

3001 Loop Road
Orange Beach, AL 36561

Posted: 10/21/2021

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 12-acre Build-to-Rent land site with five units currently built, The Highlands Development Site in Fairhope, Alabama. The site has been approved for 90 total townhome units, of which 5 have already been delivered leaving room for 85 additional units. Fairhope is situated in Baldwin County, the fastest growing county in Alabama that boasts average household incomes 20%+ greater than the state average. The property is ideally situated close to high-quality retail (walkability to Publix), "A" schools and major employment drivers. Five homes have already been delivered on the site and are included in the offering.

The Highlands Development Site

417 Dry Falls Way / 22530 US-98
Fairhope, AL 36532

Type: Build for Rent

Posted: 10/5/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 434-unit Columbia Value-Add 3 Portfolio, which can be acquired together or individually. Located in two of Columbia’s most prestigious and high barriers to entry submarkets, Dutch Fork and Lexington, residents at each asset enjoy direst access to 142k+ jobs within a 20-minute drive, seamless connectivity to the area’s largest employers, top tier retail, and higher education paving the way for continued appreciation. Furthermore, the immediate areas provide exceptional demographics with high avg. household incomes, predominantly white-collar workforces, and diminishing multifamily pipelines surrounding each asset. The portfolio arrives to market displaying attractive fundamentals including steady occupancy levels (98% avg.), an attractive mix of outsized floorplans as 50% of units are townhomes, an 18+ year ownership hold, and the opportunity for future development on Three Rivers’ additional 3 acres of land. Built from 1970-1974, this portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well maintained assets ($2.9M+ in CapEx since 2020) with proven value-add programs achieving average premiums of $140.

Columbia Value-Add 3 Portfolio (3 properties, 434 units)

900 Gracern Road
Columbia, SC 29210

Type: Conventional

Posted: 2/7/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Tidal Bluff, a 30-unit gated town home community located in Hilton Head Island, SC. Ideally located alongside scenic tidal marshes, the property is within walking distance to the beach and just minutes from top retail including Publix, Harris Teeter, Starbucks and more. The high-end submarket boasts top-tier demographics, with average HHI of $128k and average homes value of $770k. The asset offers near term stability through 2 master leases, guaranteeing 3.5%+ rent growth and 100% occupancy through 2025. Simultaneously, it offers dramatic rent growth potential, as nearby comps offer up to $2,500 in headroom. The waterfront site is zoned for additional density, allowing incoming ownership the opportunity to double the existing unit count. The island’s extremely high barriers to entry have resulted in less than 800 units delivered since 1990, highlighting Tidal Bluff as an exceptionally rare opportunity to invest in one of the Southeast’s most affluent and highly coveted coastal markets.

5 Tidal Bluff Road
Hilton Head, SC 29926

Type: Build for Rent

Posted: 1/17/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 984-unit Crown Portfolio consisting of Maple Run, Townes at University Pointe, and Woodland Hollow apartment communities located in Charlotte, NC. This asset is situated in the rapidly expanding University City submarket in northeast Charlotte. Built between 1969-1976, The Crown Portfolio represents outstanding opportunity to invest in the second largest job market in the Charlotte. UNCC located 3 miles from the property provides an ideal pipeline of qualified graduates with 30,000+ students enrolled. The portfolio has seen $18M capital infused since 2018. New ownership has an opportunity to continue a proven value-add program that has seen average premiums of $170 over unrenovated units. 309 units have seen renovations leaving 675 units with value-add potential. The property is ideally situated in proximity to the Tom Hunter Lynx Light rail station, providing easy access to 195k jobs.

Crown Portfolio (3 properties, 984 units)

Townes at University Pointe

336 Blackhawk Road
Charlotte, NC 28213

Posted: 8/29/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,152-unit, Cross Country 5 Portfolio located in Arkansas, Oklahoma, and West Virginia. This portfolio is distributed across the Little Rock, Tulsa, and Huntington markets that have seen 7.8%, 10.4%, and 4.8% YoY rent growth, respectively. Little Rock is the state capital of AR and is home to over 60K State and Local Government jobs. With an average household income of over $90K, Broken Arrow is the largest suburb of Tulsa, OK, the second largest city in the state. Built between 1964 and 2017 this portfolio offers an outstanding opportunity to invest in a value-add portfolio in some of the strongest performing markets in the Sunbelt.

DLP Wexford, located in West Virginia, is co-brokered with Century Realty, LLC: Century Centre, 1233 Main Street, Suite 1500, Wheeling, WV 26003. John D. Aderholt, Exclusive West Virginia Broker, +1 304 232 5411, jdaderholt@centuryequities.com

Cross Country 5 Portfolio (5 properties, 1,152 units)

Valley Crossing

1502 Green Mountain Dr
Little Rock, AR 72211

Posted: 9/7/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 291-unit Wilmington Commons apartment community located in Wilmington, NC. This asset is situated in the heart of Wilmington, which is characterized by a soaring population, rising home values, and exceptional universities. In Q2 of 2022, annualized market rents grew at an astonishing 21.4% with favorable fundamentals supporting long term growth. The immediate area is comprised of affluent renters (47.7% of the population) that are over 65% white collar and average +$80K in median household income. Residents of Wilmington Commons 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. Major economic drivers, including Amazon, Megacorp Logistics, and the Port of Wilmington have recently announced plans to move to/expand in the area. Built in 1991, Wilmington Commons offers compelling opportunities to increase NOI by (1) increasing below-market in-place rents to market, generating an expected $367K of incremental NOI (2) upgrading unit interiors, generating an expected $524K of incremental NOI, (3) adding washer & dryers, generating an expected $175K of NOI for a total un-trended NOI lift of $1.1M.

Wilmington Commons

455 Racine Drive
Wilmington, NC 28403

Posted: 8/16/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 23.29-acre Wilson Meadows Multifamily Development Site. Plans call for 336 apartment units to be built on the site, which sits in an attractive Tennessee submarket and has zoning in place for multifamily development. Clarksville was recently named the hottest city for people buying homes, thanks to affordable housing and a thriving economy. LG Chem is bringing the 2nd largest business investment in TN history to Clarksville with their $3.2B manufacturing plant, which will create 860 new jobs. While only 40 minutes from Nashville, Clarksville has a limited supply of existing and projected multifamily units, so new Class A supply would be a welcome addition to the market. The Wilson Meadows Multifamily Development Site presents an enticing opportunity for developers to break into one of the hottest submarkets in TN with an investment of sizable scale.

Wilson Meadows Multifamily Development Site

Wilson Road
Clarksville, TN 37043

Posted: 1/30/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 984-unit Crown Portfolio consisting of Maple Run, Townes at University Pointe, and Woodland Hollow apartment communities located in Charlotte, NC. This asset is situated in the rapidly expanding University City submarket in northeast Charlotte. Built between 1969-1976, The Crown Portfolio represents outstanding opportunity to invest in the second largest job market in the Charlotte. UNCC located 3 miles from the property provides an ideal pipeline of qualified graduates with 30,000+ students enrolled. The portfolio has seen $18M capital infused since 2018. New ownership has an opportunity to continue a proven value-add program that has seen average premiums of $170 over unrenovated units. 309 units have seen renovations leaving 675 units with value-add potential. The property is ideally situated in proximity to the Tom Hunter Lynx Light rail station, providing easy access to 195k jobs.

Crown Portfolio (3 properties, 984 units)

Woodland Hollow

6205 Dove Tree Lane
Charlotte, NC 28213

Type: Conventional

Posted: 8/29/2022

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