The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit Midwood Gardens and Midwood Court apartment communities located in Stone Mountain, DeKalb County, Georgia. These assets are situated just southwest of the Stone Mountain Industrial Corridor (31M SF), and are convenient to all of Atlanta’s large employers via I-285. Effective rents for the immediate submarket have grown by more than 48% since 2015. Midwood Gardens & Court represent textbook value-add opportunities in a multifamily market with in-place strong organic rent growth.
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Midwood Gardens & Court (2 properties, 276 units)
Midwood Gardens
212 Units
400 Ashley Place
Stone Mountain, GA  30083
Type:  Multifamily
Posted: 3/7/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 64-unit Millbrook Apartments community located in Greensboro, NC. This asset is situated in South Greensboro submarket just off of the amenity rich Wendover Avenue, a major retail corridor in Greensboro which contains numerous big box brands within a five-minute drive of the property. The property is also within close proximity to the recently completed 840 urban loop which traverses the entire Greensboro MSA and provides direct access to some of the area’s top employers. Built in 1993, Millbrook offers an outstanding opportunity to invest in a quality asset with high growth potential through both organic rent growth and value-add potential. Through an interior value-add program supported by nearby comparables, incoming investors can increase NOI by a staggering 44%+.
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Under Contract
Millbrook
64 Units
1101 East Barton Street
Greensboro, NC  27407
Type:  Multifamily
Posted: 8/21/2023
N/NEC 2nd Ave & Osborn Rd
   
SW 3550 N. Central Ave
Phoenix, AZ  85012
Posted: 6/7/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 195-unit North Creekside apartment community located in the booming Northwest Arkansas MSA. This asset is situated in the heart of highly sought-after Fayetteville, AR. Built in 1974, North Creekside offers an outstanding opportunity to invest in an asset with 100% classic interiors, coupled with market-backed Value Add upside in an irreplaceable micro location.
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North Creekside
195 Units
1764 North Leverett Ave
Fayetteville, AR  72703
Type:  Multifamily
Posted: 2/13/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 121-unit North Park apartment community located in Knoxville, Tennessee, within Knox County. This asset is situated in the strategically-located area of northwest Knoxville with direct access to the University of Tennessee and North Knoxville Medical Center. Built in 1970, North Park offers an outstanding value-add investment opportunity to meet growing market demand. North Park has seen many significant capital expenditure projects since 2021; current ownership has invested over $675K into the property through exterior and interior upgrades.
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North Park
Offers Due:  Wednesday, March 6, 2024
121 Units
5263 Tillery Rd
Knoxville, TN  37912
Posted: 1/31/2024
Under Contract
Stillwater Value-Add Porfolio (4 properties, 289 units)
Northfield
12 Units
1309 N Perkins Rd
Stillwater, OK  74075

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 275-unit Nova 1400 multifamily community located in Daytona Beach, Florida.

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Nova 1400
275 Units
1400 South Nova Road
Daytona Beach, FL  32114
Type:  Multifamily
Posted: 9/2/2022
Under Contract
Stillwater Value-Add Porfolio (4 properties, 289 units)
Oak Park Village
120 Units
2903 N Perkins Rd
Stillwater, OK  74075
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Oak Tree, a 55-unit, 2023-built build-to-rent community located in the high-growth Chelsea suburb of Birmingham, AL. This asset is well-positioned in the rapidly expanding city of Chelsea, which was recently recognized as the 3rd fastest growing city in Alabama, as well as the fastest growing city within the Birmingham MSA. The Birmingham MSA has shown tremendous performance in the SFR/BTR space, boasting 7.6% rental growth so far in 2023, ranking fourth in the entire country amongst all major metro areas. Built in 2023, Oak Tree is fully delivered and offers a top-of-the-line quality product built by the nation’s largest home builder, poised in a high growth suburban corridor less than a 30-minute drive from the Birmingham central business district (35K+ Jobs).
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Oak Tree
Offers Due:  Wednesday, February 14, 2024
55 Units
1000 Oak Tree Blvd
Chelsea, AL  35043
Posted: 10/19/2023

Cushman & Wakefield/The Lund Company (“C&W/Lund”) is pleased to present Old Mill Apartments, a 248-unit apartment community located in Omaha, Nebraska. Old Mill has maintained stable occupancy and strong cash flow. The immediate area includes many retailers within walking distance and is located within a few blocks from Interstate I-680 allowing for easy access to the rest of the Omaha Metro. With a strong, diverse economy, Omaha continues to have very low unemployment and steady population growth.

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Old Mill Apartments
248 Units
10905 N Mill Court
Omaha, NE  68154
Type:  Multifamily
Posted: 6/1/2020

Cushman & Wakefield's Mid-Atlantic Multifamily Advisory Group is pleased to present One Charles Center, a rare and generational opportunity to acquire a large residential conversion opportunity in Baltimore’s dynamic Central Business District. The Building is well-suited for acquisition by a developer seeking to deliver Class A Urban High-Rise Product with deep luxurious amenities.

Totaling 23 Floors, One Charles Center is well-appointed to attract urbane sophisticated renters seeking city living in proximity to major work and entertainment centers. The Property was originally designed by world-renowned architect, Ludwig Mies van der Rohe, and is recognized as the first building in Charles Center precipitating Baltimore’s urban renewal movement in the 1960’s. One Charles Center underwent major renovations in 1987 and 1993 with the latter renovation restoring the building to its original Mies van der Rohe design and condition. A full-service amenity floor was added to the building in 2021.

The Central Business District and Downtown Baltimore has seen a resurgence of late with $50M+ in Transaction Volume within 2 blocks of One Charles Center across nearly a dozen transactions since January 2020.

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One Charles Center
   
100 N. Charles Street
Baltimore, MD  21201
Posted: 9/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 98.80-acre Overlook at Asheville Development Opportunity located in Asheville, NC. The site is approved for 210 apartment units, 130 build-to-rent townhomes, and up to 176 duplex units, offering an exciting product mix that will be attractive to a wide range of renters and aspiring homeowners. Located on a scenic gently sloping mountainside on the outskirts of Asheville, the site has a distinct mountain feel while only being a 10-minute drive from downtown Asheville and all the fantastic dining and shopping opportunities within the city. The site is in an affluent pocket of suburban Asheville, with average household income set to exceed $100K within a 1-mile radius by 2027. The Overlook at Asheville Development Opportunity presents a rare opportunity to enter the thriving Asheville market with scale on a scenic mountainside.
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Overlook at Asheville Development Opportunity
Offers Due:  Wednesday, February 14, 2024
98.8 Acres
Old Charlotte Highway
Asheville, NC  28803
Posted: 1/4/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Overlook at Indian Trail apartment community located in Kingsport, Sullivan County, Tennessee. This asset is situated in the rapidly-expanding, tri-cities market of Tennessee. Built in 2017/2023, Overlook at Indian Trail offers an outstanding opportunity to invest in a recently built asset within an undersupplied market, with less than 1,000 units delivered to the area since 2010. This asset has the ability to garner $175+ premiums through a value-add program and burning off loss-to-lease. Residents at the property benefit from being within minutes of top employers (Eastman Chemical, Kingsport City School System, and Welmont Health System) and just moments from big box retailers such as Walmart and Lowe’s.
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Under Contract
Overlook at Indian Trail
168 Units
805 Indian Trail Drive
Kingsport, TN  37660
Posted: 10/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Palmier – 112 units in Mobile, AL, and Camille Village – 86 units in Pass Christian, MS. Each asset is located within high-growth submarkets of the Mobile MSA and Mississippi Gulf Coast, where there has been remarkable rent growth of 20%+ in the last three years. The Mobile, AL economy is anchored by the Port of Mobile which supports 350,000+ jobs and has an annual economic impact of nearly $100 billion across the State. The Mississippi Gulf Coast touts stability with an economy deeply rooted in the military, healthcare, manufacturing Industries. Both Palmier and Camille Village arrive to market on the heels of extensive repositioning efforts with uptrending cash flows. With the heavy legwork already completed, future ownership will benefit from quality physical plants and organic revenue growth upside.
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Palmier & Camille Village (2 properties, 198 units)
Palmier
112 Units
400 Westwood St
Mobile, AL  36606
Type:  Multifamily
Posted: 2/7/2024
Cushman & Wakefield Inc., as exclusive advisor, is pleased to present the opportunity to acquire the Novus Lakefront Mixed-Use Development Site (the “Development Site”), presenting a rare opportunity to develop five lake front parcels. With significant frontage on Tempe Town Lake, the Development Site is comprised of approximately 14 acres in the Novus Innovation Corridor at Arizona State University, and represents the largest undeveloped contiguous lake front site on Tempe Town Lake.
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Parcel 5C-5D-5E-5FW-5FE-Novus Innovation Center
14.4 Acres
NWC & NEC Rio Salado Parkway & Rural Road
Tempe, AZ  85281
Type:  Land
Posted: 10/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit Rivoli Run & Park at Northside apartment communities located in Macon, Bibb County, Georgia. These assets asset is situated in the premier North Macon submarket, surrounded by top line retail including Fresh Market, Wesleyan Station (Kroger and Starbucks) and The Shoppes at River Crossing (Dick’s, Dillard’s, and Barnes & Noble), with direct access to downtown Macon, I-75, Wesleyan College and one of the largest medical centers in Macon (Piedmont Macon North). Built in 1995 & 1975 respectively, Rivoli Run & Park at Northside represent well-designed properties that offer an outstanding value-add opportunity with current rents achieving $100+ in renovation premiums over classic units and an opportunity for $190+ total blended premiums through full-scale renovation. Both properties have undergone $1.1M+ of exterior and interior capital expenditures, which include landscaping, amenity enhancements, signage, asphalt seal/restripe and interior upgrades.
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Under Contract
Rivoli Run & Park at Northside (2 properties, 380 units)
Park at Northside
192 Units
3876 Northside Drive
Macon, GA  31210
Type:  Multifamily
Posted: 10/3/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 307-unit Broadway Townhomes & Park Place Townhomes multifamily communities located in Atlanta, Georgia. These assets are strategically-located in the thriving Atlanta aerotropolis with direct access to the metro’s largest employer, Hartsfield-Jackson International Airport. Built in 1970 & 1971 with Park Place being fully renovated in 2018, these two properties offer expansive, townhome floor plans in a surging south Atlanta multifamily submarket.
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Broadway & Park Place Townhomes (2 properties, 307 units)
Park Place
124 Units
2001 Godby Road
College Park, GA  30349
Type:  Multifamily
Posted: 1/16/2024
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.
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Under Contract
Park Ridge
122 Units
Champions Blvd
Myrtle Beach, SC  29577
Posted: 7/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 20.42-acre Parkside Multifamily Development Site in Port Wentworth, GA. Zoned and entitled by-right for multifamily, current plans call for 235 multifamily apartment units to be built on the site. Building permits are already in hand for the site, which will be just down the road from Port Wentworth’s new $30 million, 150-acre Recreation Park. The site is less than 2.5 miles from a Publix. It is also notably 4 miles from Georgia Tech Savannah and 7.5 miles from the Savannah/Hilton Head International Airport. Port Wentworth, nicknamed Savannah’s Front Porch, has witnessed an explosion in population, more than doubling in size between the last two US Censuses. The city has benefited from Savannah’s port and industrial expansion and boasts a strong job market. Chatham County’s Class A multifamily market has surged, and average rents are expected to exceed $2,000 in 2023. The Parkside Multifamily Development Site presents an enticing, shovel-ready opportunity to break into a booming multifamily market with scale.
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Under Contract
Parkside Development
20.42 Acres
436 Highway 30
Port Wentworth, GA  31407
Type:  Land
Posted: 5/23/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 266-unit Charlotte Value-Add Portfolio, which can be acquired together or individually. The four assets are situated in North Carolina’s largest metropolitan area. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-77, I-485, and I-85 to Charlotte’s major economic drivers. Immediate areas surrounding the properties boast meaningful household incomes, dominant white-collar populations, and steady rent growth. The properties offer an outstanding opportunity to gain immediate scale and infrastructure in a high growth Southeastern market. Built from 1951-1994, the portfolio arrives to the market primed for a value-add campaign projecting average premiums of $100-$160.
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Charlotte Value-Add 4 Portfolio (4 properties, 266 units)
Parkside Villas
96 Units
203 Ramblewood Dr
Shelby, NC  28152
Posted: 10/23/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Mauldin Heights & Parkview, a premier 130-unit apartment portfolio located in a bustling Mauldin, SC market. Both properties are situated 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 Mauldin submarket continues to prove out its heightened multifamily desirability. Centrally located, the portfolio offers residents direct access via I-85 and I-385 to several Greenville County’s largest employers with over 135k jobs within a 20-minute drive and top retail centers like the Woodruff Road retail corridor, Mauldin Square, and downtown Greenville. Built in 1971 & 1974, each asset offers an exceptional opportunity to acquire a primed for value-add portfolio in an affluent and high growth Southeastern market.
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Under LOI
Mauldin Heights & Parkview (2 properties, 130 units)
Parkview
50 Units
10 Moore Street, #55
Mauldin, SC  29662
Type:  Multifamily
Posted: 10/2/2023
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.
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Peters Tract Multifamily Development Site
24.78 Acres
Rinehart Way
Aiken, SC  29803
Type:  Land
Posted: 9/6/2023

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire the Phillips Wendell Collection, an irreplaceable 10 property portfolio, totaling 85,000 +/- GSF located in Harvard Square, the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the lease-up of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, and the potential for new ground-up residential construction, among other options and strategies.

The Phillips Wendell Collection is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Wendell Street, Philips Place, and Sacramento Street, each building is located within a 10-minute walk of a MBTA Redline station, as well as Harvard and Lesley University.

Process & Pricing

Phillips Wendell Collection is offered on an "as-is" basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a "Call for Offers".

Investors are invited to submit bids for the Phillips Wendell Collection as a single portfolio, sub-portfolios or individual properties.

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Phillips Wendell Collection
   
3 Phillips Place
Cambridge, MA  02138
Posted: 3/20/2023
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.
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Under Contract
Spartanburg Value-Add 5 Portfolio (5 properties, 747 units)
Pine Lake Village
100 Units
180 South Pine Lake Road
Spartanburg, SC  29306
Type:  Multifamily
Posted: 7/26/2023