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Displaying results 1-24 of 28

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 3237 East Apartment Homes, a 130-unit apartment community located in Greensboro, NC. This asset is situated in a desirable North Greensboro pocket, which currently ranks #1 in the market for annual effective rent growth and occupancy. Robust demographics, high barriers to entry, and exploding home value growth also contribute to the property’s strong positioning. Yanceyville Street and E. Cone Blvd allow residents to seamlessly connect to the plethora of retail, dining, and entertainment nearby. Strong economic drivers, including VF Corporation, Cone Health, and Honda Aircraft, are within minutes, while major corporate expansions including Toyota and Amazon, further confirm the positive momentum of Greensboro's economy. Built in 1988, 3237 East Apartment Homes represents an outstanding opportunity to invest in an ideal value-add program with potential to earn revenue by submetering for water/sewer, adding washers and dryers, and bringing two non-revenue units online. After completing these proposed projects, new ownership will boost NOI by $339K and achieve a 27% ROI.

3237 East Apartment Homes

3237 Yanceyville Street
Greensboro, NC 27405

Type: Conventional

Posted: 1/25/2023

OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 12.13-acre 45 Blair Ln Multifamily Development Site. Up to 210 apartment units are envisioned for the site, which has frontage along Lebanon’s Main Street and is only minutes from Downtown. The site is ideally located less than a mile from two grocery stores, Publix and Kroger. With the 2nd highest median household income in the state and top 5 school district ranking, Wilson County boasts strong demographics. The submarket is home to one of the hottest job markets in Middle Tennessee thanks in part to major distribution centers coming to the area. The 45 Blair Ln Multifamily Development Site presents an attractive opportunity for developers to capitalize on increasing migration to one of Nashville’s best suburbs.

45 Blair Ln Multifamily Development Site

45 Blair Lane
Lebanon, TN 37087

Posted: 2/1/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 600 Station Square, a 48-unit apartment community located in Greensboro, NC. This brand-new boutique asset is currently in lease-up and is situated in an extremely desirable Greensboro submarket. The submarket is characterized by high quarterly effective rent growth (18.6% in Q2 2022), high barriers to entry (zero units being proposed/under construction in the immediate area), and attractive demographics (over 59% white-collar workers). Of the 7 Greensboro Winston-Salem submarkets, this submarket ranked #1 for overall average occupancy (97.9%) in Q2 2022. Spring Garden Street and West Wendover Avenue are adjacent to the property, allowing residents immediate access to the plethora of retail, dining, and entertainment the nearby area offers. The industries of manufacturing, healthcare, and education anchor the Greensboro economy, with top employers within minutes of the property. Having realized the appeal of the Triad’s economy, six major corporations have made plans to expand in/move to the area. Toyota, Cone Health, Amazon, Publix, Guerrilla, and Boom Supersonic will all be fully operational in the Triad by 2025. Built in 2022, 600 Station Square represents exceptional opportunity to acquire a beautifully built asset and gain almost $43K in additional revenue by implementing other streams of income.

600 Station Square

600 Coapman Street
Greensboro, NC 27407

Type: Conventional

Posted: 9/23/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 58.96 acre Avion Master Planned Community Development Site. Aptly named with a nod to its former use as the Albemarle Airport, the Avion site is approved for 360 conventional apartment units, 261 townhomes, and a 155 unit senior living center. Located in a region of lakes and natural beauty and offering three different housing types, the site has potential to attract a wide range of future residents. Government projects including widening nearby NC 24/27 and the future opening of the Albemarle Business Center should foster continued economic growth in the direct vicinity of the Avion site. There is a lack of Class A multifamily product in Stanly County and less than 2% vacancy, so the Avion Master Planned Community Development Site would be a welcomed addition to the market.

Avion Master Planned Community Development Site

Henson Street
Albemarle, NC 28001

Posted: 1/11/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 57.98 acre Cannon 35 Master Planned Community Development Site. The site successfully went through rezoning to allow for 730 multifamily units: 360 apartment units, 215 townhomes, and a 155-unit senior living center. Plans also call for two commercial out-parcels. Located off I-85 and just 35 miles from Uptown Charlotte, the area surrounding Cannon 35 and the broader Kings Mountain market is poised for significant growth. Large-scale nearby projects like the Catawba Two Kings Casino, Albemarle Corp.’s new lithium facility, and over two and half million square feet of proposed and under development industrial space bode well for the submarket’s economy and its residents. Voted the Healthiest Housing Market in the country just a couple years ago, Kings Mountain maintains strong fundamentals for a large multifamily development, such as Cannon 35, to thrive.

Cannon 35 Master Planned Communit Development Site

Margrace Boulevard
Kings Mountain, NC 28086

Posted: 1/12/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit, 482-bed, CEV Upstate student housing apartment community located in Spartanburg, SC. Situated along the commerce-rich Interstate 85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (11,000 employed) and burgeoning high-tech economy. The off-campus housing complex lies directly next to the University of South Carolina Upstate in an area of East Spartanburg that supports over 70k jobs within a 20-minute drive, impressive projected rent growth of 15% through 2026, and a strong white-collar workforce (50%). Built in 2008, CEV Upstate arrives to market with a top-notch amenity package and ideally positioned for a Class-A value-add campaign to bridge the gap between submarket competitors and command average premiums of $90+/bed ($270/unit).

482 Units | 482 Beds

101 Campus Suites Drive
Spartanburg, SC 29303

Posted: 5/25/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 29.768 acre, Cottages at Clovis Point Development Site. The age-restricted (51+) development site has successfully gone through the rezoning process to allow for 80 single family units. The site is well located to allow for expedited access to the local retail and attractions of Kings Mountain and Charlotte via I-85. Large-scale nearby projects like the Catawba Two Kings Casino, Albemarle Corp.’s new lithium facility, and over two and half million square feet of proposed and under development industrial space bode well for the submarket’s future. Voted the Healthiest Housing Market in the country just a couple years ago, Kings Mountain maintains strong housing fundamentals today. The Cottages at Clovis Point is an attractive opportunity to capture the growing demographic of adults interested in convenient build-to-rent housing with easy access to city luxuries.

Cottages at Clovis Point Development Site

Kings Mountain Blvd
Kings Mountain, NC 28086

Posted: 1/13/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Cross Hill apartment community located in booming Columbia, SC. This asset is situated in the desirable Central Columbia area just over 3 miles from downtown Columbia, providing residents seamless connectivity to premier retail and top employment nodes. The property’s exceptional micro location boasts blue-chip demographics including high avg. HHI ($86k+), a dominant white-collar workforce (72%), and impressive projected rent growth (22% through 2026). In a sought-after pocket of Richland County, residents at Cross Hill enjoy walkability to over 255k SF of high-end retail in their own backyard including Whole Foods and Athleta, with Target, World Market, and Publix less than a mile away. Built in 1972, Cross Hill arrives to market meticulously maintained with a proven Class-A value-add campaign ($200+ avg. premiums) for investors to complete on all units to push rents $215+, aligning the asset with top submarket competitors.

4427 Blossom Street
Columbia, SC 29205

Posted: 5/13/2022

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)

98 Devonshire Dr
Scott Depot, WV 25560

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)

DREAM Aspen Creek

1100 W Tucson Street
Broken Arrow, OK 74011

Type: Conventional

Posted: 9/7/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 5.03 acre Indian Trail Townhome Development Site. Plans call for 31 build-to-rent townhome units to be built on the site, which will benefit from its exceptional accessibility to major transportation arteries and abundant retail. The LYNX Silver Line’s final stop could be just one mile away from the site, as shown in current transportation plans. Demographics in the submarket are strong, with an average HHI of $120K and excellent public schools servicing the area. As Charlotte remains one of the country’s fastest growing cities, its suburbs to the southeast in Union County are expected to continue to steadily draw new residents for the foreseeable future. Build-to-rent remains a hot product type for both renters and investors, and a growing market like Indian Trail is prime for this sort of townhome development.

Indian Trail Townhome Development Site

100 Plyler Road
Charlotte, NC 28087

Posted: 1/12/2023

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)

2003 Canterwood Drive
Charlotte, NC 28213

Type: Conventional

Posted: 8/29/2022

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 the 119-unit Pace Village and 136-unit Pace View I & II apartment communities in the exploding Myrtle Beach, South Carolina. Former boutique hotels that have been converted into multi-family apartments, these assets are primed to flourish along with the submarket’s growth and strong demographics ($67K avg HHI and 55% white-collar population). Located in one of the nation’s fastest growing cities, 32% population growth since 2010, both assets are situated along the SC Highway 501 corridor connecting Pace Village’s top-tier retail (Tanger Outlets) and residential area with the highly regarded oceanfront area that is home to Pace View. Pace View is just a block from the Atlantic Ocean and a few minutes from a major area employer, the Myrtle Beach International Airport. Pace View and Pace Village’s pristine location provides incoming ownership with a unique opportunity to invest in assets that are proving to be sought after due to occupancy rising from 70% to 92% in the last two months.

Pace Portfolio (2 properties, 255 units)

Pace View I & II

2010 & 2200 South Ocean Boulevard
Myrtle Beach, SC 29577

Type: Conventional

Posted: 9/13/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 119-unit Pace Village and 136-unit Pace View I & II apartment communities in the exploding Myrtle Beach, South Carolina. Former boutique hotels that have been converted into multi-family apartments, these assets are primed to flourish along with the submarket’s growth and strong demographics ($67K avg HHI and 55% white-collar population). Located in one of the nation’s fastest growing cities, 32% population growth since 2010, both assets are situated along the SC Highway 501 corridor connecting Pace Village’s top-tier retail (Tanger Outlets) and residential area with the highly regarded oceanfront area that is home to Pace View. Pace View is just a block from the Atlantic Ocean and a few minutes from a major area employer, the Myrtle Beach International Airport. Pace View and Pace Village’s pristine location provides incoming ownership with a unique opportunity to invest in assets that are proving to be sought after due to occupancy rising from 70% to 92% in the last two months.

Pace Portfolio (2 properties, 255 units)

220 Whitty Drive
Myrtle Beach, SC 29579

Type: Conventional

Posted: 9/13/2022

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 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 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 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

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