The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 25-acre, Peters Tract development opportunity located in Aiken, South Carolina. Situated adjacent to Aiken Elementary School, Peters Tract is approved for a 275-unit apartment community giving developers the chance to contribute to a 59-acre PUD. The land is positioned near the redevelopment of Aiken Mall, which will transition to a live, shop, play district that will spur future development in the coming years as new residents flock to the area. The submarket is attracting a stronger demographic base more than ever, with average household income of $93.9K, 70% White Collar Workforce, and 46% of residents hold a bachelor’s degree or higher within a 3-mile radius. Rental rates have surged over the past 5 years, realizing a 27% uptick. Peters Tract is poised to reward developers on a continued path of growth as vacancies trend downward and rental rates surge during the massive migration to the Sunbelt region.
...
Peters Tract Multifamily Development Site
24.78 Acres
Rinehart Way
Aiken, SC  29803
Type: Land
Posted: 9/6/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 747-unit Spartanburg Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in one of South Carolina’s most admired cities. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. Immediate areas surrounding the properties boast high average household incomes, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in this booming pocket of Upstate South Carolina. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in a high growth Southeastern market. Built from 1972-1986, the portfolio arrives to the market primed for a Class-A value-add campaign projecting average premiums of $200-$250.
...
Spartanburg Value-Add 5 Portfolio (5 properties, 747 units)
Pine Lake Village
Offers Due:  Thursday, September 14, 2023
100 Units
180 South Pine Lake Road
Spartanburg, SC  29306
Type: Conventional
Posted: 7/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.67-acre Pinnacle Springs Finished Lot Townhome Development Site in Rogers, AR. Zoned by-right for multifamily, current plans call for 86 build-to-rent or for-sale townhomes to be constructed on the site, which will be adjacent to a Whole Foods anchored mixed-use master-planned development. Located between Downtown Rogers and Bentonville, the site’s micro market boasts over 5M SF of retail in close proximity along the Pinnacle Hills Pkwy Corridor. It also has direct access to the region’s vast web of shared-use trails. Northwest Arkansas is home to three Fortune 500 companies, has a sub-3% unemployment rate, and is also home to the University of Arkansas, making it a flourishing region of great opportunity. Population growth and plentiful employment opportunities have led to strong home value increases. With its MSA maintaining strong fundamentals and a bright outlook, the Pinnacle Springs Finished Lot Townhome Development Site presents an enticing opportunity to break into a prominent, attractive market.
...
Pinnacle Springs Townhome Development Site
8.67 Acres
S. Promenade Blvd
Rogers, AR  72758
Type: Land
Posted: 4/18/2023

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of Pointe Grand Spartanburg, a 300-unit apartment community located in booming Spartanburg, South Carolina. Pointe Grand Spartanburg is in a premier pocket of Spartanburg that is bolstered by a robust tenant base and excellent multifamily metrics. The one mile radius features an average HHI of $89K, is 61% white collar, and is highly educated ( +68% pursuing higher education). Since 2018, the submarket’s effective rents have increased 39%. An advantageous supply-demand ratio (3:1) also contributes to this market’s staunch positioning. Ideally situated on Hwy-29 and adjacent to I-85, the asset has quick access to over +78K jobs within a 20 minute drive. Anchored by BMW, Michelin, and Inland Port Greer, the Upstate’s multifaceted economy it set to continue on a path of prosperity.

Built in 2022, Pointe Grand Spartanburg offers an institutional quality asset with curated interiors and a top-of-the-line amenity set. New ownership has the opportunity to leverage a brand new asset that has experienced extraordinary leasing velocity (16 avg monthly move-ins) in the desirable Upstate SC market. Neighboring Class A competitors demonstrate +$275 in rental headroom that can be closed through mark-to-market leasing.

...
Pointe Grand Spartanburg
300 Units
3011 Grand Creek Way
Spartanburg, SC  29301
Type: Conventional
Posted: 7/21/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Presley Uptown, a 230-unit community located in the heart of Charlotte’s CBD. Built in 2016, the Class-A asset is situated at the crossroads of the city’s most sought-after neighborhoods, providing outstanding access to Charlotte’s top lifestyle amenities and walkability to more than 135k jobs in the CBD. The premier location also offers immediate access to The Pearl, Charlotte’s new medical innovation district bringing 5,500 new jobs and 3,500 new medical students just next door. Presley Uptown’s accretive assumable debt offers positive leverage day one with a 3.25% rate and 6 years IO remaining.

Furthermore, mid-rise competitors in the submarket offer up to $600 in headroom, ideally positioning Presley Uptown to capture significant rent gains while remaining at a discount to newly delivered high-rise supply ($3.25/SF). Incoming ownership will have the outstanding opportunity close the substantial rent delta to competitors by building upon the property’s existing value-add scope and completing an enhanced, high-end renovation program. Presley Uptown represents a rare opportunity to invest in one of Charlotte’s best-located assets, offering immediate upside and exceptional long-term growth fundamentals, propelled by the neighboring delivery of Charlotte’s first 4-Year Medical School and Innovation District.

...
Under LOI
Presley Uptown
230 Units
900 East Stonewall Street
Charlotte, NC  28204
Type: Conventional
Posted: 7/6/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 747-unit Spartanburg Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in one of South Carolina’s most admired cities. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. Immediate areas surrounding the properties boast high average household incomes, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in this booming pocket of Upstate South Carolina. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in a high growth Southeastern market. Built from 1972-1986, the portfolio arrives to the market primed for a Class-A value-add campaign projecting average premiums of $200-$250.
...
Spartanburg Value-Add 5 Portfolio (5 properties, 747 units)
Quail Pointe
Offers Due:  Thursday, September 14, 2023
100 Units
460 East Blackstock Road
Spartanburg, SC  29301
Posted: 7/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive offering of Riverside Flats at Aberfoyle Village, a 102-unit, 2019-built community situated along the Catawba River in Historic Belmont. The property enjoys one of the most unique locations across the Charlotte metro, minutes from the Charlotte-Douglas International Airport and just off I-85 and Highway-74, providing direct access to 135k+ jobs in Uptown Charlotte. The property is strategically located along Belmont’s path of progress, a suburb defined by high incomes, impressive schools, and unparalleled quality of life. The historically underserved submarket is projected to remain one of Charlotte’s highest-performing markets, with 33% rent growth and 95%+ occupancy forecasted through 2027. Bolstered by strong submarket fundamentals, Riverside Flats at Aberfoyle Village has demonstrated stellar operating momentum in the last year, achieving 10% GPR growth and 95%+ average occupancy. The property continues to perform well, consistently burning off loss-to-lease as it enters prime leasing season, offering incoming ownership the exceptional opportunity to capitalize on the strong leasing velocity and capture substantial organic rent growth.
...
Under Contract
Riverside Flats at Aberfoyle Village
102 Units
1200 River Drive
Belmont, NC  28012
Type: Conventional
Posted: 4/19/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Sandover, a 137-unit apartment community located in North Charleston, SC. Ranked as the #1 city in the U.S. for over a decade, Charleston has experienced unprecedented population and workforce growth, 23% and 25% respectively, that is outpacing both the state and nation. I-526 (75K VPD) and I-26 (140K VPD) offer Sandover seamless linkage to the MSA’s top employers, including Joint Base Charleston, MUSC, and Boeing, with under 20-minute commute times. Residents can also enjoy the plethora of premier retail, entertainment, and dining options that are within a 10-minute drive of the property. Strong market fundamentals, including massive rent growth (41%), high household incomes ($83K), and explosive home value growth (64%) contribute to this pocket of Charleston’s great desirability. Built in 1973, this asset offers a worthwhile value-add opportunity to renovate 94% of units to market comparable levels and reap +$160 average premiums.
...
Sandover
Offers Due:  Tuesday, October 10, 2023
137 Units
4381 Gwinnett Street
North Charleston, SC  29418
Type: Conventional
Posted: 9/6/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 124-unit Sedgefield Square apartment community located in Greensboro, NC. This asset is situated in South Greensboro in the main retail hotspot, just minutes away from Wendover Place and other high-end destinations, as well as in close proximity to the recently completed 840 urban loop providing access to the MSA’s top employers. Built in 1987 and minimally renovated, Sedgefield Square is a quality asset that offers incoming investors significant growth opportunity through both organic rent growth and value-add potential. After completion of an interior renovation program, investors can grow effective rents by $159+ and increase annual revenue by 30%+.
...
Sedgefield Square
Offers Due:  Thursday, September 21, 2023
124 Units
4215 Bernau Avenue
Greensboro, NC  27407
Type: Conventional
Posted: 8/21/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 747-unit Spartanburg Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in one of South Carolina’s most admired cities. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. Immediate areas surrounding the properties boast high average household incomes, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in this booming pocket of Upstate South Carolina. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in a high growth Southeastern market. Built from 1972-1986, the portfolio arrives to the market primed for a Class-A value-add campaign projecting average premiums of $200-$250.
...
Spartanburg Value-Add 5 Portfolio (5 properties, 747 units)
Southern Pines
Offers Due:  Thursday, September 14, 2023
352 Units
350 Bryant Road
Spartanburg, SC  29303
Type: Conventional
Posted: 7/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Cole, a 288-unit apartment community located in Fayetteville, NC. This asset is situated in the Skibo Road retail and entertainment corridor, just a short drive to Fort Liberty, the largest military base in the world and a major economic driver. Built in 2006, The Cole offers an outstanding opportunity to invest in a market with strong multifamily trends and high demand. Located just minutes from a plethora of retail, including the 1M+ SF Cross Creek Mall, one of the largest malls in North Carolina, The Cole is in one of the most highly sought-after pockets of Fayetteville. With a proven value-add program, investors have the opportunity to continue unit renovations and increase NOI by over 26%.
...
The Cole Apartments
Offers Due:  Wednesday, September 27, 2023
288 Units
812 Crescent Commons Way
Fayetteville, NC  28314
Posted: 6/28/2023
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.
...
Under Contract
The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type: Land
Posted: 10/21/2021

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove at St. Andrews and Greenwood at Ashley River, two apartment communities totaling 902 units, which can be acquired together or individually. The two assets are situated in two of South Carolina’s most admired cities, Columbia and Charleston. The highly sought-after Dutch Fork and North Charleston submarkets are characterized by top-tier retail and sit in close proximity to some of the area’s largest economic drivers with over 115k jobs within a 20-minute drive from each property. The immediate areas surrounding the properties boast high HHI growth, majority white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets.

The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($5.3M+). Built from 1974-1984, the properties arrive to market with attractive loan assumptions offering interest rates well below current capital market levels and are primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $170+, and yield additional revenue for years to come.

...
The Grove at St. Andrews & Greenwood at Ashley River (2 properties, 902 units)
The Grove at St. Andrews
Offers Due:  Tuesday, October 17, 2023
622 Units
716 Zimalcrest Drive
Columbia, SC  29210
Type: Conventional
Posted: 9/14/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Heights, a 133-unit apartment community located in Greensboro, NC. This asset is situated in the thriving submarket of West Greensboro. Built in 1972/1974, The Heights offers an outstanding opportunity to invest in a proven value-add opportunity. With 93 of the units renovated and over $1.5 M in capital expenditures new ownership will be able to devote their efforts to continue the value-add program. The property is located just 2 miles away from the Urban Loop, a 6-lane freeway carrying Interstates 73, 85, 841, and 421. This interstate will provide critical links to high growth areas around West Greensboro.
...
Under LOI
The Heights
133 Units
3902 Overland Heights
Greensboro, NC  27407
Type: Conventional
Posted: 5/15/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Highlands - a 176-unit apartment community located in Southeast Charlotte, NC. Located just south of South End, one of the strongest MSA submarkets in the nation, the asset benefits from an increasingly affluent tenant base characterized by soaring HHI (91k+) and growing renter population. C&W is recommending an interior renovation program through a market driven value-add initiative. This unique investment opportunity positions a new owner well to capitalize on the property’s premium location, with rental headroom of $475+ to the top of the market. Located in the path of growth just off the LYNX Blue Line, The Highlands offers endless opportunity for exponential growth.
...
The Highlands
176 Units
639 Archdale Drive
Charlotte, NC  28217
Type: Conventional
Posted: 5/16/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Pointe at St. Marks, a 183-unit apartment community located in the rapidly expanding city of Burlington, NC. This desirable pocket of Burlington boasts high average HHI ($96K), soaring home values (35% average YOY), and the highest effective rents in the market (Q4 2022). Situated between I-40/I-85 and US Hwy 70, the asset is surrounded by Burlington’s best retail. The submarket’s major employers, including LabCorp, Alamance Regional Health Center, and Elon University, are within minutes of the property. Built in 2022, The Pointe at St. Marks offers a terrific opportunity to invest in the Carolina Core, a region that is exploding with industry and innovation. The property has performed well during the first stage of lease up, averaging 14 leases per month in 2022’s prime leasing season. With this year’s peak leasing season approaching, The Pointe at St. Marks is primed to increase rents +$60 to close the gap with average rates and highest proven rates, accelerate leasing velocity, and stabilize. This asset represents an outstanding opportunity to acquire a premier asset that offers a unique multipurpose vacant space.
...
Under Contract
The Pointe at St. Marks
183 Units
1172 St Marks Church Rd
Burlington, NC  27215
Type: Conventional
Posted: 4/16/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Tatum, a 176-unit apartment community located in Charlotte, NC. Built in 1980, The Tatum has recently received over $2M in capital expenditures and offers a proven, in-place value-add opportunity for new ownership to bring unit finish levels in line with comparable properties in the submarket achieving $225+ premiums. In addition, The Tatum is being offered as a loan assumption, or free and clear, with attractive terms that can help shield investors from interest rate risk, while offering strong cash flow. Significant capital has also been infused into the submarket, most notably the Eastland Mall Redevelopment site, with plans to bring 155 single-family units, 70-120 affordable senior housing units, 280 multifamily units, 17,500 SF commercial space, as well as infrastructure improvements. Future development of the LYNX Silver Line Light Rail, along with the continuation of the LYNX Gold Line, will continue to improve the transportation and accessibility in East Charlotte, making The Tatum a prime opportunity to invest in one of Charlotte’s most transformative submarkets with 250K jobs within a 20 minute drive.
...
The Tatum
176 Units
6619 Yateswood Drive
Charlotte, NC  28212
Type: Conventional
Posted: 7/12/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit, Trinity at The Hill apartment community located in Carrboro, NC. Built in 1987, the property offers an outstanding opportunity to invest in a quality asset that has received $7.4 million in capital expenditures from current ownership. Located minutes away from Chapel Hill’s largest employer, UNC-Chapel Hill, and in close proximity to major Triangle highways providing streamlined routes to major employment hubs, Trinity at The Hill’s affluent submarket is primed for future rent growth. With a proven value-add program where fully renovated units are achieving effective rents $194 higher than classic units, incoming investors can increase NOI by over 32%.
...
Trinity at the Hill
250 Units
180 BPW Club Road
Carrboro, NC  27510
Type: Conventional
Posted: 7/19/2023
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 eighteen 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.
...
Willington Lakes
216 Units
401 Willing Lakes Court
Orangeburg, SC  29118
Type: Conventional
Posted: 7/18/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 747-unit Spartanburg Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in one of South Carolina’s most admired cities. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. Immediate areas surrounding the properties boast high average household incomes, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in this booming pocket of Upstate South Carolina. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in a high growth Southeastern market. Built from 1972-1986, the portfolio arrives to the market primed for a Class-A value-add campaign projecting average premiums of $200-$250.
...
Spartanburg Value-Add 5 Portfolio (5 properties, 747 units)
Willow Lakes
Offers Due:  Thursday, September 14, 2023
95 Units
2900 Reidville Road
Spartanburg, SC  29301
Posted: 7/26/2023