The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 362-unit Cartersville Portfolio located in Cartersville and Adairsville, Bartow County, Georgia. These assets are situated in rapidly-expanding northwest suburban Atlanta with proximity to the prolific I-75 accelerated growth corridor. Built in the early to later 2000s, these nine sets of properties represent a rare opportunity to establish a substantial investment footprint in one of Atlanta’s northwest expansion areas where the population is projected to increase by 30% through 2050.
...
Cartersville Portfolio (9 properties, 362 units)
Morgan Square
52 Units
290 East Felton Rd
Cartersville, GA  30121
Posted: 5/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 23-acre Navassa Road Site located in Leland, North Carolina. Situated within an opportunity zone inside of the 4th fastest growing county in the country, the site is in a prime location for new development. Located only 4 miles from a booming downtown Wilmington, the Navassa Road Land site is perfectly situated to experience all Wilmington has to offer. In addition to the locational benefits of the Wilmington MSA, the site is in the heart of Leland’s Gateway District - an area the town has prioritized for immediate infill redevelopment.
...
Navassa Road Land
   
Forest Hills Dr & Navassa Rd
Leland, NC  28451
Posted: 5/31/2019
HOU-DFW Four Property Portfolio (4 properties, 1,064 units)
Normandy Woods
268 Units
695 Normandy
Houston, TX  77015
Posted: 10/18/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 1,546-unit Southeast Value-Add Portfolio located in high-growth submarkets throughout the Southeast. The portfolio represents the opportunity to immediately establish or supplement a strong investment platform in top markets. With prime locations and stable cash flows, these six assets offer an outstanding opportunity to invest in a proven value-add program and are poised for additional future rent growth.
...
Southeast Value-Add 6 Portfolio (6 properties, 1,546 units)
North Creek
250 Units
8786 North Creek Boulevard
Southaven, MS  38671
Type: Conventional
Posted: 2/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 279-unit Nottingham apartment community located in Monroe, NC. Built in 3 Phases (1985, 1995, 2001), this asset offers investors a true value add initiative with all-original units trailing the central submarket by over $300. The property recently renovated a trial unit with vinyl wood flooring and has signed a lease $360 above the effective rental average for this floorplan. With no units under construction and only 262 units proposed, the area offers an opportune time to make significant strides in submarket where population & employment growth continues to thrive. Investors have the opportunity to increase annual NOI by 58% through multiple revenue streams including a market-driven interior upgrade initiative, trash income, water/sewer submetering, and washer/dryer appliance rentals.
...
Under Contract
Nottingham
279 Units
2613 Nottingham Lane
Monroe, NC  28110
Type: Conventional
Posted: 5/22/2019

Cushman & Wakefield is pleased to present a unique opportunity to obtain a ±3.73 net acre (±4.48 gross acre) multifamily development site located within the Desert Ridge Master Plan, adjacent to High Street and Desert Ridge Marketplace, at the northwest corner of 56th Street and the 101 Freeway, in Phoenix, Arizona, known as City North.

At completion, City North is planned to encompass 1.8 million square feet of corporate office, 2,885 residential units, 620 hotel rooms and up to 100,000 square feet of retail including new restaurant concepts.

...
NWC 56th Street & 101 Freeway
3.73 Acres
NWC 56th Street & 101 Freeway
Phoenix, AZ  85054
Type: Land
Posted: 4/30/2019

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±8.2 net acre multifamily development site located on a major intersection in Phoenix’s rapidly transforming Central Corridor. This rare, hard-corner site is located along the Valley Metro Light Rail, with a station adjacent to the property at the corner of Central Avenue and Indian School Road. Phoenix’s urban revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. In addition to the Light Rail, the area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 15,000-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in the Central Corridor.

The opportunity consists of four (4) parcels with a combined total of ±356,905 square feet of developable land on the northwest corner of Central Avenue and Indian School Road. This transit oriented development site is bound by three streets.

...
Under Contract
NWC Central & Indian School Development Site
8.2 Acres
Central Avenue & Indian School Road
Phoenix, AZ
Type: Land
Posted: 8/31/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 60-unit Oakland Park townhome community located in close-in southwest metropolitan Atlanta , Fulton County, Georgia. This asset is situated a quarter mile from the Oakland City MARTA transit station in the heart of transformational developments coalescing around the west and south ends of the Atlanta BeltLine. Built in 1950, Oakland Park Townhomes offers a rare opportunity to invest in a primed value-add asset strategically situated to be a part of Atlanta's next stage of urban renewal.
...
Oakland Park Townhomes
60 Units
1240 Oakland Drive
Atlanta, GA  30310
Posted: 8/5/2019
The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the 10-acre Oakley Yard Land Site located in Cincinnati, Hamilton County, OH. This asset is situated in the thriving Oakley neighborhood of east Cincinnati. Oakley Yard offers an outstanding opportunity to invest and develop a prime Senior Living Site.
...
Oakley Yard
10 Acres
2950 Robertson Ave
Cincinnati, OH  45209
Type: Land
Posted: 6/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Sage Partners Real Estate Solutions are pleased to present the exclusive listing of Olympus Chenal Valley - 216 units located in Little Rock, AR. The subject is ideally positioned in the desirable Chenal Valley section of NW Little Rock, where HH incomes average $117K+ within a 1-mile radius. Current ownership has invested over $3.6M on interior, exterior, and amenity upgrades - creating in-place organic rent growth and upward income trajectory. The asset features 41 "Platinum" upgrades achieving up to $225 eff. rent premiums, leaving 80%+ of interiors for the next investor to fully round out the community. Originally constructed in 1998 and heavily rehabbed in 2017-2019, Olympus Chenal Valley presents the opportunity to acquire a quality physical plant with proven value add demand in a top-tier submarket.
...
Olympus Chenal Valley
216 Units
16401 Chenal Valley Drive
Little Rock, AR  72223
Posted: 8/21/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present ORA Flagler Village - a luxury midrise apartment community with 292 units in Fort Lauderdale, Florida. Situated in Flagler Village, this rapidly expanding location offers a unique blend of walkability to trending retail and access to the most active office market in the county. The apartment homes were carefully crafted to feature two different finish packages and 10’ & 11’ ceilings throughout, resulting in new levels of luxury.

...
Under Contract
ORA Flagler Village
292 Units
673 NE 3rd Avenue
Fort Lauderdale, FL  33304
Posted: 4/17/2019
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the exclusive listing of the 189-unit Orlando on the Lake apartment community located in Orlando, Florida. Built in 1974, Orlando on the Lake offers an outstanding value-add opportunity that would result in the ability to raise effective rents $227 and earn a 14% return on investment after implementation of the proposed value-add plan.

...
Orlando on the Lake
189 Units
701 S Ivey Lane
Orlando, FL  32811
Posted: 5/1/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Orlando Sky apartment community located in Orlando, Florida. The asset is situated in the North West Orlando submarket currently experiencing 6.9% YoY rent growth. Built in 1985 & 1986, Orlando Sky offers an outstanding value-add opportunity that would result in the ability to raise effective rents $190 and earn a 19% return on investment after implementation of the proposed value-add plan.

...
Under Contract
Orlando Sky
140 Units
4990 North Lane
Orlando, FL  32808
Type: Conventional
Posted: 4/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 120-unit Ormond Plantation apartment community located in Metro New Orleans in Destrehan, LA. This highly desirable submarket is a quaint New Orleans suburb located along the Mississippi River and has virtually no competing multifamily properties. With over $2.35M ($19K+ per unit) in strategic capital improvements and renovations spent in the last four years, prior ownership upgraded every aspect of the property, allowing new ownership the opportunity to focus on a minor value-add program. The property repositioning has bolstered its performance, highlighted by 8.9% year-over-year income growth since April 2017. Ormond Plantation presents the opportunity to acquire one of the nicest assets in the Destrehan market.
...
Ormond Plantation
120 Units
1952 Ormond Boulevard
Destrehan, LA  70047
Posted: 7/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 228-unit Osprey Cove South apartment community located in acksonville, NC. The asset is strategically located beside Jacksonville’s 2nd largest employer, Air Station New River (18,100 jobs), as military personnel are forecasted to receive the highest pay raise in 10 years. The property recently received a capital infusion of ~$930,000, including multiple new roofs, prepping the community for a proven value-add initiative that could potentially boost NOI by 46%. With no units under construction since 2014 and only 89 new deliveries projected through 2023, the lack of a development will continue to drive rent increases as Jacksonville’s economy will expand in 2019 at its fastest rate in 6 years, powered by increased military spending and rebuilding that is underway due to Hurricane Florence.
...
Osprey Cove South
228 Units
1832 Wilmington Hwy
Jacksonville, NC  28540
Posted: 7/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the brand new, 323-unit Overton Row apartment community in the heart of Plaza Midwood, Charlotte’s authentic epicenter for millennial entertainment. With a prominent presence at the corner of Central Avenue and Hawthorne Lane, Overton Row offers the rare opportunity to acquire an institutional-quality midrise in the city’s most walkable urban nucleus. Nearing completion of the market’s pace-setting lease-up, Overton Row is poised to continue proven, robust rent growth on the next generation of leases, driven by Plaza Midwood’s insulation from new development, high-earning renter pool, and in-process infrastructure improvements that promise enhanced connectivity to the 135,000+ jobs in Charlotte’s CBD.
...
Under LOI
Overton Row
323 Units
1201 Central Avenue
Charlotte, NC  28204
Type: Conventional
Posted: 6/5/2019
HOU-DFW Four Property Portfolio (4 properties, 1,064 units)
Pace's Cove
328 Units
13100 Pandora Drive
Dallas, TX  72538
Posted: 10/18/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Palladian at Daphne - 120 units located within the affluent Daphne municipality of Mobile, Alabama. Baldwin County, the fastest growing county in the state, has garnered 53% population growth since 2000 and boasts a median HH income nearly 25% greater than the statewide statistic. Situated along the desirable Eastern Shore of Mobile, Palladian at Daphne enjoys an affluent resident profile and close proximity to quality retail and employment. The subject asset features massive, 1,800 SF average floor plans with 100% attached garages and ground floor entry, providing residents with "home style" living at a low cost per foot. Constructed in 2017, Palladian at Daphne offers the investor a newly delivered asset producing strong, stable cash flow in an A+ Daphne location.
...
Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
Posted: 6/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 257-unit Palm Isle apartment community located in Biloxi, Mississippi. This asset is located between Pass Rd and Beach Boulevard, offering access to two major buckets of employment in Gulfport and Biloxi. Within half a mile of Palm Isle lies over 1.3 million square feet of retail and Biloxi's beaches, making this micro location a highly amenitized area. Built in 1979 and renovated in 2007, Palm Isle features a proven value add initiative that the next investor can round out to further boost property performance.
...
Under LOI
Palm Isle
257 Units
251 Eisenhower Drive
Biloxi, MS  39531
Type: Conventional
Posted: 3/15/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

...
Under Contract
South Tampa Value-Add Portfolio (2 properties, 136 units)
Palms at Ballast Point
48 Units
3729 W. Tyson Avenue
Tampa, FL  33611
Type: Conventional
Posted: 4/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
...
TN Value-Add 5 Portfolio (5 properties, 667 units)
Papermill Square
140 Units
3820 Papermill Square Road
Knoxville, TN  37909
Type: Conventional
Posted: 6/27/2019

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire Parcel 3B at Las Olas Square, a 15,277-SF site at the epicenter of Downtown Fort Lauderdale. The property has 70 linear feet of frontage along Las Olas Boulevard – the main entertainment and business corridor of Downtown Fort Lauderdale – and is directly adjacent to two of the area’s most iconic developments, Las Olas Square and Icon Las Olas. The liberal RAC – CC zoning allows for a variety of uses including residential, hospitality, office and retail.

The site is one the last remaining undeveloped single parcels in Downtown Fort Lauderdale and offers incredible connectivity and walkability to all of the world-class amenities that the area has to offer. With multiple projects underway and planned for Fort Lauderdale, the city is in the midst of an urban revival as the CBD is poised to experience a significant increase in its residential population. Parcel 3B at Las Olas Square presents a compelling opportunity for developers to purchase a trophy development site in Fort Lauderdale’s urban core.
...
Under Contract
Parcel 3B at Las Olas Square
   
 
Posted: 9/10/2018

Cushman & Wakefield is pleased to present a unique opportunity to obtain a long-term, prepaid ground lease for a ±1.0 net acre, high density multifamily development site within Arizona State University’s Novus Innovation Corridor. This rare opportunity is for Parcel 3F located on the southwest corner of 6th Street and Packard Drive, immediately north of the University Avenue Light Rail Transit Station.

Novus Innovation Corridor is a 350-acre master planned, mixed use development planned for approximately 10 million square feet along Tempe Town Lake, including State Farm's 2.1-million-square-foot Marina Heights regional office. Strategically integrated with Arizona State University (ASU), wholly on university-owned land, Novus is managed by master developer Catellus, a national leader in the development of urban mixed-use communities.

Novus is a unique opportunity to develop the 21st century urban community on an infill canvas in the center of one of the nation's largest and fastest growing metropolitan areas. The development will include a variety of urban neighborhoods that feature office, retail, hospitality and residential activities, creating the potential to bring more than 30,000 new jobs and 5,000 new residents to the thriving Tempe community.

Tempe, one of the Phoenix area’s most dynamic environments, features a large, educated workforce of over 200,000 people, a diverse mix of major employers including State Farm Insurance, First Solar, Amazon, Microsoft, ZipRecruiter, Chase Bank, Edward Jones, Medtronic and Wells Fargo among others. In addition, Tempe offers major events at venues such asvASU Gammage, Tempe Town Lake, Tempe Center for the Arts and at the various ASU athletic facilities. Tempe is also recognized as being the most bikable and walkable community in the Phoenix area.

...
Parcel 3F - Novus Innovation Corridor
1 Acres
NWC 6th Street & Packard Drive
Tempe, AZ
Type: Land
Posted: 9/23/2018

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Park Village apartment community located in Orange Park, Florida. The asset is situated in the desirable Orange Park submarket currently experiencing 10.2% YoY rent growth. Built in 1968, Park Village offers an outstanding value-add opportunity that would result in the ability to raise effective rents $281 and earn a 24% return on investment after implementation of the proposed value-add plan.

...
Under Contract
Park Village
120 Units
741 Park Avenue
Orange Park, FL  32073
Posted: 5/1/2019