The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit Hidden Valley and 236-unit Park Valley apartment communities located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, these assets enjoy close-in access to all of Atlanta's major employment hubs via I-285 and I-20. Both early 1970s vintage, Hidden Valley and Park Valley are located in one of the most popular multifamily submarkets in the Metro with organically rising rents for the past seven years.
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Hidden Valley & Park Valley (2 properties, 487 units)
Hidden Valley
251 Units
2823 Misty Waters Drive
Decatur, GA  30032
Type: Conventional
Posted: 5/18/2022
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire the Hillcrest Apartments Site (the “Property”), a ±4.92 acre development site for up to 172 multifamily units in Antioch, California. Situated approximately one-half mile from the Antioch BART station, the Property’s location provides future residents immediate access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one of the world’s premier places to live, work and play.

The Hillcrest Apartments Site is currently undeveloped land, affording a developer the opportunity to program the highest and best use for the site. The San Francisco Bay Area’s extreme housing imbalance, combined with state-wide efforts to stimulate dense housing development near transit stops, makes the Property an ideal site for a garden-style apartment community.

With a transit-friendly location and easy access to the San Francisco Bay Area’s economic core, the Hillcrest Apartments Site will benefit from Antioch’s position as one of the top performing apartment submarkets in the San Francisco Bay Area which is projected to further outpace the region with 41% rent growth while maintaining 96% average occupancy through 2028.
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Hillcrest Apartments Site
   
Antioch, CA  94531
Type: Land
Posted: 6/10/2019

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Hillside Residences, a 60-unit, 100% market rate, luxury apartment building located in Quincy Center. The property boasts market leading amenities in both the common areas and within the individual units, such as a state of the art fitness center, a roof deck with spectacular views of the Boston skyline, spacious community areas, under building garage parking and well-appointed unit interiors. The property includes a mix of studio, one bedroom, two bedroom, and four bedroom units with balconies featured in select units.

Hillside Residences is strategically located half a mile from the Quincy Center MBTA station, providing residents with unbeatable access to downtown Boston via the MBTA Red Line subway and Commuter Rail. The property is convenient to the area’s major roadways including Interstate 93, Routes 128/I-95 and Route 3, which provides the location immediate access to all points of the Greater Boston area and beyond.

Hillside Residences is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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Hillside Residences
60 Units
23 Bridge Street
Quincy, MA  02169
Posted: 11/15/2022
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Sunbelt Multifamily Advisory Group and Institutional Capital Markets Team, is pleased to present the exclusive listing of the 142-unit, 531-bed, Hilltop student housing apartment community, located in Austin, Texas. This newly built, urban community is situated in a highly desirable location, just a few minute walk to the University of Texas at Austin. The property completed construction in Fall 2020 and offers a Class “A” investment opportunity in the thriving Austin market.
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Hilltop
142 Units | 531 Beds
2400 San Gabriel Street
Austin, TX  78705
Type: Student
Posted: 4/20/2022
Under Contract
I-240 Townhouses
   
1100-1130 SW 77th Terrace
Oklahoma City, OK  73170
Posted: 4/12/2022
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.
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Indian Trail Townhome Development Site
5.03 Acres
100 Plyler Road
Charlotte, NC  28087
Type: Land
Posted: 1/12/2023
Coming Soon
Jeffrey Street Campus
   
3811 4th Street
Baltimore, MD  21225
Type: Land
Posted: 9/26/2022
Under Contract
Keystone Townhomes
33 Units
256 Hinton Blvd
Mannford, OK  74044
Type: Conventional
Posted: 4/4/2022
Cushman & Wakefield has been retained by UrbanCore Development, LLC and National Real Estate Advisors, LLC (collectively, "Sponsor") to raise joint venture equity for the construction of LakeHouse (the "Property" or the "Project").

LakeHouse is a fully-entitled 270-unit Opportunity Zone development expected to break ground in July 2020. The Property is currently a ±0.92 acres unimproved parcel situated at Oakland’s renowned Lake Merritt, the city’s most popular public amenity. Sponsor has approvals to build a 26-story, class-A multifamily tower that will provide a fully amenitized living experience in a premier Oakland submarket that is geographically insulated from potential new competition.

Located within a half-mile of the Lake Merritt BART Station and less than one-mile from Downtown Oakland, LakeHouse benefits from its strategic access to the most innovative companies and highest paying jobs in the world. Median household incomes in Oakland are forecasted to grow 20% by 2024 while rental rates are projected to grow 17% during this same time. With its lakefront location and outstanding accessibility to leading employment hubs, LakeHouse provides the rare prospect of investing in a core-quality development with embedded market upside and Opportunity Zone tax benefits.
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LakeHouse
270 Units
Lake Merritt Blvd. & E 12th Street
Oakland, CA
Posted: 12/3/2019
Laurel, MD Land Opportunity
1.05 Acres
13788 Baltimore Avenue
Laurel, MD  20707
Type: Land
Posted: 4/6/2022

Iconic Speedway Location

Speedway, Indiana is best known for the iconic Indianapolis Motor Speedway, which has seen impressive new development in the surrounding area. This location also offers residents top schools, easy access to all the amenities in downtown Indy and on the westside, and abundant employment options.

$7M Capital Infusion

A significant amount of capital has been spent improving the property. Upgrades included 415 fully renovated units and amenity enhancements.

Huge Organic Rent Growth Achieved in 2022

The property boasts impressive organic rent growth with 20% increases on new leases and 10% rent bumps on renewals achieved without upgrades.

Long Term and Reliable Resident Base

Legend at Speedway boasts low bad debt and reliable residents who have a tendency to stay. The average length of tenancy is 36.8 months.

Upside Potential - 5.2% T-3 & 6%+ Cap Rate YR 1

The new owner can increase revenue immediately through burning off remaining loss to lease and achieving mid 90’s occupancy (nearby comps average 96% occupancy) to achieve a 6%+ Cap Rate in year one. 68 Classic Units and 290 Partially Renovated units can be fully upgraded to command a $150+ Premium.

1,401-Unit Portfolio Opportunity

Legend at Speedway can be purchased individually, or together with South & Madison (216 units) and Brickyard Flats (412 units), for a total portfolio of 1,401 units, offering instant economies of scale.

     
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Legend at Speedway
773 Units
2201 Fair Oaks Drive
Indianapolis, IN  46224
Posted: 1/25/2023
The Sunbelt Multifamily Advisory Group of Cushman & Wakefield and Greystone are pleased to present the exclusive listing of Legend Park, 360-units in Lawton, OK. The premier property is near major thoroughfares, Lawton's largest employers, including Fort Sill (16,500 military troops and 7,000 civilian jobs), top retailers, and outdoor recreation. Built in 2010, this exceptional asset comes with attractive assumable debt in place, favorable unit mix, premium amenities, and a value-add program that can boost rents $50-100. Legend Park offers an outstanding opportunity to invest in a high performing asset with true value add potential.
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Legend Park
360 Units
3501 E Gore Boulevard
Lawton, OK  73501
Posted: 10/20/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 533-unit Park Portfolio of three apartment communities located in Smyrna, Cobb County, Georgia. Each asset arrives to market with impressive organic rental growth trends, and all are strategically located in Atlanta’s booming northwest expansion district - home of the Atlanta Braves Battery development, the Platinum Triangle office and retail mecca, and Dobbins Air Reserve Base. Built in 1964-1967, the Park Portfolio presents an outstanding opportunity to acquire proven value-add assets in a high-growth market. The assets are being offered both individually and as a portfolio.
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Park 3 Portfolio (3 properties, 533 units)
Lexington Park
156 Units
2950 South Cobb Drive
Smyrna, GA  30080
Type: Conventional
Posted: 9/26/2022
Under Contract
Lindenwood Court
74 Units
4841 Boyd Street
Type: Conventional
Posted: 6/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Commercial Kentucky are excited to present the exclusive listing of Main & Clay, a 269-unit apartment community barbelled between the rapidly urbanizing East Market District and Butchertown District of Downtown Louisville, Kentucky. Main & Clay is located in the path of growth as Downtown continues its redevelopment spur along Market Street. The East Market District of downtown Louisville, known as NuLu, offers an eclectic blend of specialty retail, highly-rated restaurants and breweries, nightlife, and art exhibits and venues featuring regional and national artists. Future ownership will benefit from Louisville’s favorable growth projections, as well as the unique tax abatement that provides a notable cash flow boost.
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Main & Clay
269 Units
637 E Main Street
Louisville, KY  40202
Type: Conventional
Posted: 9/19/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Maizon Brickell, a 19-story residential high-rise located in the center of South Florida’s most exclusive submarket. This coveted asset was completed in 2019 and is comprised of 262 luxury residences. The property benefits from immediate walkability within the Brickell office and entertainment districts, including the neighboring Brickell City Centre and Mary Brickell Village.
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Under Contract
Maizon
262 Units
221 SW 12th Street
Miami, FL  33130
Type: Conventional
Posted: 9/20/2022
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.
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Crown Portfolio (3 properties, 984 units)
Maple Run
310 Units
2003 Canterwood Drive
Charlotte, NC  28213
Type: Conventional
Posted: 8/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Marchon, a 305-unit thoughtfully-executed, transit-oriented community in the dynamic Memorial Drive corridor of Atlanta’s booming Eastside submarket. The property’s strategic location provides unique access to Atlanta’s Eastside BeltLine Trail, connecting Marchon to the city’s most popular amenities, including Krog Street Market, Ponce City Market and many of Atlanta’s premier restaurants. Marchon’s central location within Atlanta enables first class connectivity to the Sunbelt’s dominant job hubs such as: Midtown (109K Jobs) and Downtown (125K Jobs). Substantial investment into Downtown, such as CIM’s $5B Gulch master development, will further transform the surrounding area while Midtown is home to Microsoft and Google. Furthermore, Marchon’s immediate proximity to the King Memorial MARTA station will drive above average rent growth. Additionally, Marchon has seen rapid leasing velocity of 28 leases per month. Marchon provides a unique opportunity to acquire a thoughtfully designed product with premier finishes including 10+ foot ceilings at an attractive basis below replacement costs.
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Marchon
305 Units
240 Grant Street NE
Atlanta, GA  30312
Type: Conventional
Posted: 5/10/2022
Cushman & Wakefield's Mid-Atlantic Multifamily Advisory Group is pleased to present Marina Shores – an institutional level apartment complex located in Virginia Beach, one of the fastest-growing and most desirable submarkets within the Hamptons Roads region. Hampton Roads, and Virginia Beach in particular, has experienced a sustained period of economic, population, and employment growth borne out of significant government and government-related investment in the region. The property itself is a singular chance to invest in real estate that exhibits extremely high barriers to entry and portrays a resort-style quality of life for residents. Through renovations, Marina Shores has seen proven rental upside in the range of $340 for its Classic, un-renovated units. Moreover, the site is unique in that it has the capacity to increase density with an additional ~49 units. The combination of a near unobtainable locale, the prospect of renovation potential, and the ability to add density makes Marina Shores an investment opportunity with a clear path to capture significant upside.
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Under Contract
Marina Shores
392 Units
2257 Willow Oak Circle
Virginia Beach, VA  23451
Posted: 10/4/2022

5.8% TRAILING CAP RATE + 100% OCCUPIED

Melrose Place is being offered at a high 5.8% trailing cap rate and is currently 100% occupied. The property is well-positioned for increased revenue by raising rents on new leases.

RENOVATED TURN KEY PROPERTY

A new owner can step in and operate the property as is with several improvements completed including all new HVAC units, water heaters, landscaping and balconies. All units have new modern cabinetry, quartz countertops, black appliances, plumbing and light fixtures, LVT flooring, two-tone paint scheme and in unit washer/dryer.

$2B LILLY INVESTMENT BRINGING 500 NEW JOBS

A transformational development is taking place with the largest investment to date in Lebanon. The LEAP Lebanon Innovation and Research District, a planned 7,000+ acre high-tech business park, has acquired its first tenant. Eli Lilly plans to invest $2.1 Billion to build two new manufacturing sites and bring up to 500 new jobs to the city.

GREAT LOCATION IN LEBANON (BOONE COUNTY)

The property is within walking distance to dining and shopping options in downtown Lebanon, and is close to major employers including Subaru, Skjodt-Barrett Foods, Festool (HQ) and Hachette Book Group. Lebanon is the county seat of Boone County—the fastest-growing county, and one of the most affluent, in Indiana.

CONVENIENT ACCESS TO INDIANAPOLIS & LAFAYETTE

Located in central Indiana, Lebanon is convenient to abundant employment and amenities in Indianapolis (±11 miles southeast) and Lafayette (Home of Purdue University, ±33 miles northwest). Both cities are accessible from Interstate 65, just one mile west of Melrose Place.

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Under Contract
Melrose Place
12 Units
316 W. Washington Street
Lebanon, IN  46052
Type: Conventional
Posted: 8/18/2022
Cushman & Wakefield, as exclusive marketing advisor,is pleased to present Midtown Central, an extraordinary infill development opportunity positioned at the nexus of Midtown, Wynwood and the Design District. At 5.55 acres, Midtown Central represents one of the largest urban development sites available in Miami. The property offers intense, mixed-use zoning permitting ±972 residential units and more than 1.1 million square feet of overall FAR.
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Under Contract
Midtown Central
5.55 Acres
3055 N Miami Avenue
Miami, FL  33137
Type: Land
Posted: 7/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 58-unit Midwood Village apartment community located in northwest suburban Atlanta, in Smyrna, Georgia. This is a well-located asset on Atlanta Rd. right across from Dobbins Air Reserve Base, and is sandwiched between S. Cobb Dr. and Cobb Pkwy. - two prominent Cobb County corridors. The property enjoys sustained demand generated by nearby employers Lockheed Martin, Dobbins, and Kennesaw State University, along with direct interstate access to Midtown/Downtown, Perimeter Center, and Buckhead. Built in 1969, Midwood Village is primed to benefit from the continued rent growth and demand within the submarket.
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Midwood Village
58 Units
1870 Atlanta Road
Smyrna, GA  30080
Posted: 2/24/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Milagro Coral Gables, a 237-unit midrise community located in downtown Coral Gables, Florida. Originally built in 2013, Milagro offers the opportunity to implement a significant value-add program including hard surface flooring in the bedrooms, new white cabinetry, quartz countertops, tiled backsplash and new plumbing and light fixtures. Over the last few years, Milagro has benefited from an infusion of capital invested including new exterior paint, upgraded clubhouse and leasing office and renovated pool deck. Milagro is perfectly positioned to implement this renovation program and compete with the new, high-end product in the submarket.

Milagro has one of the most preeminent locations in all of Coral Gables. Situated in the heart of Coral Gables, Milagro is among the most walkable sites in the region boasting a near-perfect 96 Walk Score. Just steps away is the iconic Miracle Mile, the cultural and business hub for Coral Gables with top-tier dining, retailers and Class-A office space. Milagro’s location in Downtown Coral Gables provides residents with an all-inclusive live-work-play environment that compares to Downtown Miami and Brickell alternatives.
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Milagro Coral Gables
237 Units
2263 SW 37th Avenue
Miami, FL  33145
Type: Conventional
Posted: 9/20/2022

Cushman & Wakefield’s Manufactured Housing Group is pleased to present the exclusive listing of Milam Bridge a manufactured housing community in Euharlee, GA 40 miles northwest of Downtown Atlanta. The Park consists of 35 Park-Owned homes, 4 RV Pads, and 1 Single-Family Home. Milam Bridge is a professionally managed and stabilized asset with historically minimal turnover. The Park offers investors the compelling opportunity to acquire a value-add community with demonstrated rent increases. Current ownership has completed several recent renovations capturing for strategic rent increases and proven-value add premiums.

Nearly all of the homes in Milam Bridge are park-owned and occupied by long-term residents demonstrating keen desire to own their units. Future ownership is afforded a rare opportunity to gradually roll over to tenant-owned-homes through a Rent-to- Own program. This conversion will significantly reduce maintenance and operating costs, while allowing for long-term lot rent leases with consistent escalations.

Located less than 50 miles from Downtown Atlanta, the exurb of Bartow County has experienced a 23% year-over-year increase in median home prices since last April eliminating crucial affordable housing options in the MSA. Upward pressure on both conventional apartment rents and home prices, bodes well for future rent increases and rent-to-own initiatives at Milam Bridge.

Atlanta, GA MSA has grown 10.9%% since the end of 2019 and now has over 6,000,000 people. The state’s population has grown 7.8% from the end of 2019 and now has almost 11 million residents (8th most populated state). Milam Bridge MHP is being offered as a value-add investment with an entry cap rate of 4.9%, and the immediate opportunity to both reduce operating expenses and raise rents/transition to resident owned homes.

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Milam Bridge Mobile Home Park
41 Units
278 Milam Bridge Road
Euharlee, GA  30120
Type: Mobile Home Park
Posted: 5/31/2022