The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit Sedgefield Apartments located in Winston-Salem, NC. This asset is situated in the rapidly growing North Winston-Salem submarket, and benefits from continued expansion of the manufacturing and distribution industries. The property is ideally located with streamlined access to the area’s top employers, including Wake Forest University and the groundbreaking Toyota Greensboro-Randolph Megasite. Built in 1987, Sedgefield offers an outstanding opportunity to invest in an asset with significant growth potential through the in-place value-add program, where renovated units yield $170+ premiums over classic units.
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Under Contract
Sedgefield
144 Units
4755 Country Club Road
Winston-Salem, NC  27104
Type:  Multifamily
Posted: 7/15/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is delighted to introduce the exclusive listing of Signal Hill, a 122-unit community situated in Statesville, NC. This property enjoys immediate access to both interstate I-77 and I-40, positioning it strategically amidst three thriving economic centers: Charlotte, Winston Salem, and Greensboro. Nestled within the Mooresville/Statesville submarket, Signal Hill provides convenient proximity to major retailers, an emerging historic Downtown area, and upcoming economic development. Built in 1974, Signal Hill arrives to the market primed for new ownership to implement an attractive value-add campaign. With $150+ rental premiums, the property possesses the potential for organic growth and an additional 16% increase in Net Rental Income over the T12.
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Under Contract
Signal Hill
122 Units
138 Signal Hill Drive
Statesville, NC  28625
Type:  Multifamily
Posted: 10/5/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Summerlyn Place located in Burlington, NC, and the 80-unit Crescent Oaks located in Graham, NC. The assets are situated in the rapidly growing Burlington submarket, which ranks #1 among Triad submarkets for average occupancy, highest rents, quarterly occupancy increase, and quarterly rent growth. The assets are ideally located in the rapidly growing Carolina Core, where thousands of new jobs are being added annually. Through the completion of the in-place value-add program at Summerlyn Place and Crescent Oaks, incoming investors have the outstanding opportunity to increase annual revenue by at least 28%+ over 3 years.
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Summerlyn Place & Crescent Oaks (2 properties, 220 units)
Summerlyn Place
Offers Due:  Wednesday, December 4, 2024
140 Units
750 Boone Station Drive
Burlington, NC  27215
Type:  Multifamily
Posted: 10/11/2024

The Cushman & Wakefield Land Advisory Group is pleased to present The Coves at Lake Wylie, the last remaining large scale development opportunity within The Palisades master planned development. The site will be delivered at closing fully permitted for a 499-lot lakefront residential community, with approval of the Land Disturbance Permit (LDP) expected in Q3 of 2024.

Key Features Include:

  • Meticulously designed with a diverse product mix: 167 (50’) lots, 188 (40’) lots, 10 lakefront lots, 134 (24’ & 26’) townhome lots, and the opportunity to build an unmatched 3-acre lakefront amenity
  • Mitigated offsite improvements
  • The Palisades offers a wider range of amenities than any other neighborhood in Charlotte, as residents have access to a Jack Nicklaus designed golf course, sports complex, equestrian center, and more, all while being on the second largest lake in the Charlotte area
  • Convenient access to top schools, national retailers, grocers, fast-casual, & local favorite restaurants, all while only a 30-minute drive to Charlotte’s city center

The Coves at Lake Wylie is truly a unique homebuilding opportunity and one of the last of its scale still available in this explosive-growth city.

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Under LOI
The Coves at Lake Wylie
129.67 Acres
17440 Landover Rd
Charlotte, NC  27705
Posted: 6/5/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fairways and The Paddock Club, a premier 576-unit multifamily portfolio in Columbia, SC. These properties are ideally located with easy access to major employment centers and lifestyle amenities, offering residents a convenient commute to Columbia’s top 28 employers within a 30 minute drive. The surrounding area features strong market fundamentals, including favorable demographics, a limited supply pipeline, and projected rent growth of 20% through 2029.

Built in 1992 and 1989/1996, both assets offer new ownership the unique opportunity to acquire institutionally owned and consistently well-maintained assets that have been held for over 30 years. With a market-supported value-add program, the portfolio is well-positioned to capitalize on significant upside potential, achieving $285-$400 premiums by bridging the rental gap with market competitors.

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The Fairways & The Paddock Club (2 properties, 576 units)
The Fairways
Offers Due:  Wednesday, November 13, 2024
240 Units
350 Powell Road
Columbia, SC  29203
Type:  Multifamily
Posted: 10/11/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Kelston, a 310-unit apartment community located in Charlotte, NC. The asset is conveniently situated within a short 10–20-minute drive to Charlotte’s most prominent employers and amenities. The property benefits from its unparalleled access to the proposed LYNX Silver Line light rail and the Eastland Mall redevelopment site which is expected to deliver through Fall 2024 to end of 2025. Built in 1986, The Kelston represents an outstanding opportunity to invest in the rapidly expanding East Charlotte submarket with a highly desirable demographic pool of sizable average household incomes ($60K), young renter base (33 avg age), and continuous market rent growth. Upon completion of the value-add program, new ownership has the opportunity to renovate units to a Class A level and further bridge the gap between the property and top comparable product ($300+ rental headroom).
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Under Contract
The Kelston
310 Units
1207 Kelston Place
Charlotte, NC  28212
Type:  Multifamily
Posted: 8/8/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 38.69-acre The Landing at Beaver Creek Multifamily Development Site in Powell (Knoxville), TN. The site is fully entitled and designed for 226 units, with plans calling for a mix of garden apartment and rental townhome product. Land disturbance and NPDES permits have already been pulled. Powell is a quaint suburb in north Knoxville with all the conveniences of the city. K-12 public schools, grocery options, and abundant national retailers are all within an easy 5-minute drive of the site. Additionally, Downtown Knoxville and the University of Tennessee are reachable within a quick 15-minute drive, making the site a great location for students and downtown employees to call home in the future. The Landing at Beaver Creek Multifamily Development Site offers an exciting opportunity to expediently break ground in one of the strongest secondary markets in the Southeast.
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The Landing at Beaver Creek
38.69 Acres
W Beaver Creek Drive
Powell, TN  37849
Type:  Land
Posted: 10/10/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The One at Fayetteville, a premier 264-unit multifamily asset located in Fayetteville, NC. Built in 2024, this Class-A community grants residents access to top-of-market amenities and finishes among comparable product in the area. Ideally located alongside the All-American Highway, residents gain immediate access to Fayetteville’s top retail and entertainment options with a convenient commute to Fort Liberty’s 16,000+ job opportunities and an additional 9,000+ jobs within the premier Healthcare Corridor.

The One at Fayetteville offers new ownership the chance to invest in a high-performing asset that has showcased an impressive lease-up performance, averaging 30 move-ins per month from December to July. Surrounded by a limited supply pipeline coupled with impressive population growth of 38% in the last 5 years, new investors have an extraordinary opportunity to capitalize on the property’s future growth as it reaches stabilization in August and enters its second generation of leasing.

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The One at Fayetteville
264 Units
1025 Hirschfield Drive
Fayetteville, NC  28303
Type:  Multifamily
Posted: 8/13/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fairways and The Paddock Club, a premier 576-unit multifamily portfolio in Columbia, SC. These properties are ideally located with easy access to major employment centers and lifestyle amenities, offering residents a convenient commute to Columbia’s top 28 employers within a 30 minute drive. The surrounding area features strong market fundamentals, including favorable demographics, a limited supply pipeline, and projected rent growth of 20% through 2029.

Built in 1992 and 1989/1996, both assets offer new ownership the unique opportunity to acquire institutionally owned and consistently well-maintained assets that have been held for over 30 years. With a market-supported value-add program, the portfolio is well-positioned to capitalize on significant upside potential, achieving $285-$400 premiums by bridging the rental gap with market competitors.

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The Fairways & The Paddock Club (2 properties, 576 units)
The Paddock Club
Offers Due:  Wednesday, November 13, 2024
336 Units
4824 Smallwood Drive
Columbia, SC  29223
Type:  Multifamily
Posted: 10/11/2024

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.

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Under LOI
The Palms at Edgewater
288 Units
1005 Sonoran Circle
Summerville, SC  29485
Posted: 9/5/2024
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.
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Under LOI
The Reserve at Savannah Harbor
48 Acres
407 Reserve Way
Savannah, GA  31401
Type:  Land
Posted: 1/25/2024

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%+.

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The Summit on 401
Offers Due:  Wednesday, November 13, 2024
291 Units
3325 Oak Forest Drive
Fayetteville, NC  28304
Type:  Multifamily
Posted: 10/10/2024
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.
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Universal at Pine Ridge
210 Units
610 Universal Drive
Lyman, SC  29365
Posted: 9/11/2024

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.

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Village at Hunter's Run
Offers Due:  Thursday, October 24, 2024
144 Units
1 Bluebill Dr
Pembroke, NC  28372
Posted: 9/26/2024
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.
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VIVO Wilmington
230 Units
4903 Market Street
Wilmington, NC  28405
Type:  Multifamily
Posted: 7/30/2024
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.
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Under Contract
Willington Lakes
216 Units
401 Willing Lakes Court
Orangeburg, SC  29118
Type:  Multifamily
Posted: 8/5/2024
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.
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Willows at Burlington Multifamily Site
6.86 Acres
1408 St Marks Church Rd
Burlington, NC  27215
Type:  Land
Posted: 6/18/2024
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.
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Yukon Multifamily Development Site
5.13 Acres
W Reno Ave
Yukon, OK  73099
Type:  Land
Posted: 7/29/2024