The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Mount Vernon & Williamsburg Village, a 230-unit two-property multifamily opportunity located in Gainesville, FL..

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Mount Vernon & Williamsburg Village (2 properties, 230 units)
Mount Vernon
102 Units
2370 SW Archer RD
Gainesville, FL  32608
Posted: 9/1/2021

Cushman & Wakefield, exclusive marketing advisor, is seeking a recapitalization in REIT share interest in Society Las Olas (the “Property”) – a 34-story, mixed-use, TOD residential high rise located along the New River and renowned Las Olas Boulevard in Fort Lauderdale, Florida. Society Las Olas is the city’s premier rental apartment community that has leased at a record pace despite opening during the peak of the Covid-19 pandemic in late May 2020. The Property is composed of 639 luxury residences and also includes 27,801 square feet of office space, 4,295 square feet of seller owned and fully leased retail and 16,367 square feet of third-party owned and fully leased retail (third-party owned retail is not included in this offering).

Metro areas, including South Florida, are experiencing an affordability challenge as new high-end and highly-amenitized developments lack a broadly affordable entry price point. Society Las Olas’ innovative approach and creative design—through unit size and layout—addresses the problem of ever-increasing entry price points into highly urbanized markets. Society Las Olas’ flexibility of accommodating both rent-by-bedroom (RBB) units and short-term rental (STR) operations at ownership’s discretion allows young urban professionals the opportunity to experience the vibrant downtown at an attractive and cost effective price without sacrificing amenities or living experiences; in fact, they are provided a better one. The Property’s RBB units are proving to be a great starting point for younger renters who then graduate within the building to full units as their needs and careers grow.

The Property’s downtown location along the river and its immediate walkability to the Brightline station presents an extremely rare acquisition opportunity, which a long-term investor will greatly benefit from. Society Las Olas’ premiere quality, expansive amenity offering, and irreplaceable location are best positioned to benefit from the city’s impending growth and expanding transit connectivity for years to come.

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Under Contract
Society Las Olas
639 Units
301 SW 1st Avenue
Fort Lauderdale, FL  33301
Posted: 4/1/2021

Cushman & Wakefield is pleased to present the exclusive listing of Sunset Marina, the newest waterfront Class-A rental community in the Florida Keys and the only waterfront multifamily rental in Key West. A shortage of rental supply, limited land and limitations on new residential development make the Florida Keys one of the most supply constrained markets in the U.S. Sunset Marina is ideally situated with over 950 feet of direct water frontage on Stock Island in Key West.

The property features 60 spacious townhome units that average 800 square feet. All units are two bedroom/two bathrooms. The property is 98.3% occupied with average market rents of $3,045 per unit. The property includes 23 market rate units and 37 workforce units. The majority (30 out of 37 units of the workforce units) allow for a mix of moderate and middle income which is defined as 110% of 120% of AMI. Adjacent to the property is Sunset Marina a 165-slip marina. Out of 60 units, the 52 (87%) have direct water frontage whereas the remaining 8 units have partial water views.

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Sunset Marina
60 Units
5555 College Road
Key West, FL  33040
Posted: 2/10/2020
Cushman & Wakefield as exclusive marketing advisor, is pleased to present the opportunity to acquire Valencia South Miami, 67 out of 301 Class A condominium units footsteps from South Miami Hospital, University of Miami, Metro-Rail, and Dadeland. Built in 2004, Valencia South Miami is a 6-story building with a structured parking garage, luxury amenities, and large floor plans that average 1,054 square feet. The 67 units are 100% occupied with $2,380 average market rents. The property is strategically located adjacent to the Metrorail Station of South Miami, only a block away from the 453-bed Baptist South Miami Hospital and a mere 0.2 miles away from Sunset Place, South Miami’s largest shopping mall. Within a 2-mile radius around the property there are 5.4M square feet of retail and 4.4M square feet of office space. Dadeland Mall, a 1.5M square feet mall is located 1.4 miles southwest of the property, in the heart of downtown Kendall, an office market with over 1.5M square feet of Class A office space. The mall is only two Metrorail stops away. Valencia South Miami is one Metrorail stop from the University of Miami campus. The university has a total enrollment of almost 17,000 with approximately 75% living off campus. It also has more than 13,000 full and part-time faculty and staff.
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Valencia South Miami
66 Units
6001 SW 70th Street
Miami, FL  33143
Posted: 4/8/2021
Cushman & Wakefield, as exclusive marketing advisor is pleased to present Vue on 67th, a garden-style apartment community consisting of 178 units located in Davie, Florida. The project was developed in two phases, Phase I completed in 1973 and Phase II completed in 1974. The property features a unique unit mix of one- and two-bedroom units with an average unit size of 714 square feet. Vue’s Central Broward location with easy access to I-595, allowing residents to benefit from direct access to Plantation’s Midtown Business District, Sawgrass Corporate Park, Fort Lauderdale CBD and the adjacent South Florida Education Center. Vue has undergone renovations to approximately 75% of its units and have been achieving premiums of up to $425+.
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Under LOI
Vue on 67th
178 Units
4199 SW 67th Avenue
Davie, FL  33314
Posted: 3/17/2021
Cushman & Wakefield is pleased to offer 77+ gross acres zoned to permit up to 400 townhomes and 106,000+ square feet of service-ready/commercial uses. Part of the state-of-the-art Connected City master planned community, the property is immediately adjacent to Epperson, a rapidly expanding residential development best known for its 7-acre crystal lagoon and desirable, single family communities.
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Under Contract
Wesley Chapel Land
77 Acres
North side of Elam Road
Wesley Chapel, FL  33545
Type: Land
Posted: 2/25/2020
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
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Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
WH 164 Development Site
1.96 Acres
2261 NE 164th Street
North Miami Beach, FL  33160
Type: Land
Posted: 4/25/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Mount Vernon & Williamsburg Village, a 230-unit two-property multifamily opportunity located in Gainesville, FL..

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Mount Vernon & Williamsburg Village (2 properties, 230 units)
Williamsburg Village
128 Units
2000 SW 16th Street
Gainesville, FL  32608
Type: Conventional
Posted: 9/1/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire LaVida Apartments at Blue Lagoon (the “Property”) - a Class-AAA, 272-apartment-home, luxury midrise residential community located in Miami, Florida. The property is strategically located just minutes south of Miami International Airport at the key intersection of the Dolphin and Palmetto Expressways. Situated at the perimeter of Waterford Business District - the 250-acre Class “A” office park, LaVida provides a true live-work opportunity to over 12,000 campus employees.

LaVida Apartments at Blue Lagoon is being offered for the first time by its developers, Pinnacle and Ascend Properties, and presents a rare opportunity to acquire a new construction, stabilized Miami-Dade luxury apartment community within the picturesque Blue Lagoon neighborhood of Central Miami.

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Under Contract
LaVida
272 Units
6600 NW 7th Street
Miami, FL  33126
Posted: 5/26/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
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Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
Uptown Biscayne Site
4.96 Acres
16355 Biscayne Boulevard
North Miami Beach, FL  33160
Type: Land
Posted: 4/25/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer PGA Waterfront, a rare opportunity to develop a top-of-the-market, luxury residential community on almost 9 acres. With over 600 feet of Intracoastal Waterway frontage, the property is approved for 70 residential units and 23 boat slips. Existing conceptual plans reflect 220,080 total sellable SF.
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PGA Waterfront Site
8.9 Acres
11511 Ellison Wilson Road
North Palm Beach, FL  33408
Type: Land
Posted: 9/5/2018
Three of the Six Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tzadik Orlando & East Coast Value-Add Portfolio, located throughout Central Florida. This is an attractive critical mass offering of six workforce housing multifamily communities totaling 1,242 units in the high growth I-4 Corridor of Orlando and Daytona Beach MSAs. The properties may be sold as a six-property portfolio transaction and also available individually. The offering is being offered on a market bid basis, free and clear of debt.

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Under Contract
Tzadik Orlando & East Coast Value-Add Portfolio (6 properties, 1,242 units)
Tzadik Bay
248 Units
1225 South Beach Street
Daytona Beach, FL  32114
Posted: 5/11/2019
Three of the Six Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tzadik Orlando & East Coast Value-Add Portfolio, located throughout Central Florida. This is an attractive critical mass offering of six workforce housing multifamily communities totaling 1,242 units in the high growth I-4 Corridor of Orlando and Daytona Beach MSAs. The properties may be sold as a six-property portfolio transaction and also available individually. The offering is being offered on a market bid basis, free and clear of debt.

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Under Contract
Tzadik Orlando & East Coast Value-Add Portfolio (6 properties, 1,242 units)
Tzadik Brookside
343 Units
3997 Rosewood Way
Orlando, FL  32808
Type: Conventional
Posted: 5/11/2019
Three of the Six Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tzadik Orlando & East Coast Value-Add Portfolio, located throughout Central Florida. This is an attractive critical mass offering of six workforce housing multifamily communities totaling 1,242 units in the high growth I-4 Corridor of Orlando and Daytona Beach MSAs. The properties may be sold as a six-property portfolio transaction and also available individually. The offering is being offered on a market bid basis, free and clear of debt.

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Under Contract
Tzadik Orlando & East Coast Value-Add Portfolio (6 properties, 1,242 units)
Tzadik Millennium
200 Units
4255 Barwood Drive
Orlando, FL  32839
Type: Conventional
Posted: 5/11/2019
Three of the Six Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tzadik Orlando & East Coast Value-Add Portfolio, located throughout Central Florida. This is an attractive critical mass offering of six workforce housing multifamily communities totaling 1,242 units in the high growth I-4 Corridor of Orlando and Daytona Beach MSAs. The properties may be sold as a six-property portfolio transaction and also available individually. The offering is being offered on a market bid basis, free and clear of debt.

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Under Contract
Tzadik Orlando & East Coast Value-Add Portfolio (6 properties, 1,242 units)
Tzadik Park
119 Units
1049 Brentwood Drive
Daytona Beach, FL
Type: Conventional
Posted: 5/11/2019
Three of the Six Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tzadik Orlando & East Coast Value-Add Portfolio, located throughout Central Florida. This is an attractive critical mass offering of six workforce housing multifamily communities totaling 1,242 units in the high growth I-4 Corridor of Orlando and Daytona Beach MSAs. The properties may be sold as a six-property portfolio transaction and also available individually. The offering is being offered on a market bid basis, free and clear of debt.

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Under Contract
Tzadik Orlando & East Coast Value-Add Portfolio (6 properties, 1,242 units)
Tzadik Ridge
232 Units
2050 South Ridgewood Avenue
South Daytona, FL  32119
Posted: 5/11/2019
Three of the Six Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tzadik Orlando & East Coast Value-Add Portfolio, located throughout Central Florida. This is an attractive critical mass offering of six workforce housing multifamily communities totaling 1,242 units in the high growth I-4 Corridor of Orlando and Daytona Beach MSAs. The properties may be sold as a six-property portfolio transaction and also available individually. The offering is being offered on a market bid basis, free and clear of debt.

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Under Contract
Tzadik Orlando & East Coast Value-Add Portfolio (6 properties, 1,242 units)
Tzadik Rose
100 Units
200 Robert Street
New Smyrna Beach, FL
Type: Conventional
Posted: 5/11/2019
Cushman & Wakefield is pleased to offer an exciting Wynwood development opportunity totaling ±1.58 acres with ±345‘ of frontage along heavily traveled N. Miami Avenue. The parcels offer flexible mixed-use zoning allowing up to 12 stories and permitting a broad range of uses including multifamily, retail, office and hospitality. The 2400 site is shovel ready (subject to building permit) with all necessary regulatory approvals in place. Existing buildings and asphalt parking provide the opportunity for interim income to offset carrying expenses.
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Under Contract
Wynwood 2400 & 2500 N Miami Ave (2 properties, 1.58 acres)
2400 N Miami Ave
1.17 Acres
2400 N Miami Ave
Miami, FL  33127
Type: Land
Posted: 3/26/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 165-unit value-add multifamily offering, Orlando Terrace Apartments, located in Orlando, Florida.

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Under Contract
Orlando Terrace
165 Units
4697 Rose Coral Drive
Orlando, FL  32808
Posted: 3/1/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Card Sound Apartments (the “Property”) – a 105 unit garden style apartment community located in Miami-Dade, Florida.

The property was built in 1974 and gut renovated in 2012 with the intent to sell units as individual condos. No units were ever sold and ownership controls 100% interest in the property. The property is 98% occupied and has maintained a 95%+ occupancy over the past few years. With in-place rents averaging only $833 per unit, there is over $100 per unit upside potential through a minimal value add program.

The property is walking distance to the soon to be built Bus Express Rapid Transit (BRT) corridor. This estimated $300 million project will provide seamless access to the Dadeland South Metrorail Station. The immediate area around the property has among the highest population growth rates in Florida.

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Under Contract
Card Sound
105 Units
27707 S Dixie Highway
Homestead, FL  33032
Posted: 7/20/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present Courtyards at Cutler Bay (the “Property”) – a 144-unit, value-add residential asset located in rarely traded Miami, Florida. The three-story, garden-style property was built in 1966 and sits on a 6.98-acre site. The property provides a favorable unit mix with 60% of the units being two bedrooms.

There is upwards of $470,000 in rental upside at the property through loss-to lease burn off and value add:

1) Loss-to-lease: There is $250,000 in loss-to-lease that can be recognized at the property by leasing the units at today’s market rents which is $1,225 for a one bedroom and $1,450 for a two bedroom. Recent leases have been executed at even higher numbers.

2) Value Add: There is an additional $220,000 in value-add upside at the property. Ownership has fully renovated 28 units. Fully renovated units are achieving rent bumps up to $350 per month compared to classic-finish units.

The property has its 40-year certification and over $700,000 in recent improvements. This includes all impact windows, exterior paint, and upgraded security camera systems. All units have been updated, 28 of which to the highest level of finishes including vinyl plank floors, baseboards, removal of popcorn and retexturing, new kitchens and vanities, granite tops, new stainless appliances, new A/C units, new plumbing lines, water heaters, light fixtures. Between loss-to-lease burn off and value add there is almost about $500,000 in recognized income potential at the property.

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Under Contract
Courtyards at Cutler Bay
144 Units
19800 SW 110th Court
Miami, FL  33157
Posted: 8/2/2021