The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 997-unit Oak Tree Villas apartment community located in Decatur, DeKalb County, Georgia. Situated within a Federal Qualified Opportunity Zone in the rapidly expanding Decatur area of northeast Atlanta, this asset is approximately 500 yards from the Kensington MARTA Station, with close-in access to all of Atlanta’s major employment hubs via I-285. Built in 1967, Oak Tree Villas offers a remarkable opportunity to invest in one of Atlanta’s most sought-after neighborhoods with unparalleled upside through stabilization and value-add.
...
Under Contract
Oak Tree Villas
997 Units
3465 Kensington Road
Decatur, GA  30032
Type: Conventional
Posted: 2/1/2019

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.

...
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 Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 189-unit Orlando on the Lake apartment community located in Orlando, Florida. The asset is situated in the West Orlando submarket currently experiencing 8.6% YoY rent growth. Built in 1974, Orlando on the Lake offers an outstanding value-add opportunity that would result in the ability to raise effective rents $229 and earn a 16% return on investment after implementation of the proposed value-add plan.

...
Orlando on the Lake
Offers Due:  Thursday, June 27, 2019
189 Units
701 South 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.

...
Orlando Sky
Offers Due:  Thursday, June 27, 2019
140 Units
4990 North Lane
Orlando, FL  32808
Type: Conventional
Posted: 4/29/2019
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.
...
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 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 the Biloxi beach, 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.
...
Palm Isle
Offers Due:  Thursday, June 27, 2019
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

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.

...
Park Village
120 Units
741 Park Avenue
Orange Park, FL  32073
Posted: 5/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 486-unit Parkside at Camp Creek apartment community located in south metropolitan Atlanta, Fulton County, Georgia. Strategically situated less than three miles west of Hartsfield-Jackson International Airport, this asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1970, Parkside at Camp Creek offers an outstanding opportunity to invest in a strong-performing asset with proven value-add potential.
...
Under Contract
Parkside at Camp Creek
486 Units
4031 7 Oaks Lane
East Point, GA  30344
Type: Conventional
Posted: 3/25/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 42-unit/210-bed Peachstone Senior Living cohousing community located in northwest metropolitan Atlanta, Cobb County, Georgia. The concept of co-living is gaining momentum in regions across the U.S., according to a recent survey by Space10. Each expansive (1,800 SF) unit at Peachstone is well-designed and offers five beds and five private baths with a shared kitchen, living, and laundry rooms. Built in 2004, this innovative property offers an outstanding opportunity to invest in a strong-performing asset in the thriving Marietta rental submarket.
...
Under Contract
Peachstone Senior Living
42 Units | 210 Beds
2000 Austell Rd SW
Marietta, GA  30008
Type: Senior
Posted: 2/28/2018
Cushman & Wakefield is pleased to present for sale the Richfield Apartment Portfolio, a 3 Building, 40-unit value-add opportunity in the vibrant 494 Corridor of western Richfield, MN. Long-term ownership has maintained the buildings with care and now offers investors the opportunity to acquire the portfolio or individual assets.

The properties are located near the Best Buy Headquarters with the addresses 7421 Penn Ave S, 7412 Oliver Ave S, and 7428 Lyndale Ave S and contain 11, 11, and 18 units respectively. The apartments’ prime location gives residents easy access to public transit, interstate 494, Southtown Shopping Center, Target, Hobby Lobby, and many dining options.

Ideally located in Richfield’s 494 corridor, just off Interstate 35W, the Richfield Apartment Portfolio is a true value-add opportunity with legitimate immediate upside. The unit-mix is predominantly one-bedrooms with large floor plans. The average in-place rent is currently 5-12% below comparable properties in the sub-market, and renovated units nearby are achieving 20% rent premiums. This allows opportunistic investors the ability to capture their desired returns through implementing a “light” in-unit and common area renovation plan.

The Richfield Apartment Portfolio is offered free and clear of existing financing and tours will begin the week of May 1st. Please contact Lance Steiger directly to set up a tour, which will be scheduled by appointment only.
...
Under Contract
Richfield Portfolio (2 properties, 40 units)
Penn & Oliver
22 Units
7421 Penn Ave S & 7412 Oliver Ave S
Richfield, MN  55423
Cushman & Wakefield is pleased to offer for sale, on behalf of the Property Ownership, the 100% fee simple interest in The Pennant Building located at 1701 Locust Street, St. Louis, MO. The building is a premier multifamily/loft redevelopment opportunity positioned in the heart of St. Louis' "Loft District". As-is, the building contains 76,120 square feet consisting of four stories and a basement level with an additional 8,883 SF penthouse approved. A preliminary redevelopment plan includes 53 multifamily units, four live/work studios, and 36 garage parking spaces. A full set of plans has been approved and will be provided to the buyer.
...
Under LOI
Pennant Building
   
1701 Locust Street
St. Louis, MO  63103
Posted: 5/20/2019
Cushman & Wakefield’s Northern California Multifamily Advisory Group is pleased to present the exclusive opportunity to acquire the 4.48-acre SMART adjacent TOD site in downtown Petaluma, California (the “Property”). This premium development site is physically connected to the downtown Sonoma Marin Area Rail Transit (“SMART”) station as well as the Petaluma Transit Mall. The Property represents the rare chance to develop a legacy project and define the new transit district of a city while capitalizing on the increased renter demand the SMART service is anticipated to generate. The Property is one of only 3 catalyst sites in the TOD Master Plan and approximately 500 feet away from the Petaluma waterfront with all of downtown’s various amenities. This charming North Bay city, well known for its inviting and walkable downtown, enjoys an attractiveness to Bay Area renters who seek a more balanced quality of life and cost of living. As a result, Petaluma is experiencing solid multifamily fundamentals, with both annual effective rent growth and occupancy up considerably over the previous 2 years.
...
Under Contract
Petaluma SMART Development
   
315 D Street
Petaluma, CA
Posted: 4/24/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 82-unit Petersburg Place apartment community in Northwest Augusta, Georgia, in the desirable suburb of Columbia County. With a strategic location along busy Riverwatch Parkway within six miles of downtown Augusta, the property offers quick accessibility to major employment, health care and retail centers. Home to some of the state’s best schools, Columbia County benefits from strong demand and rent growth, bolstered by extreme barriers, which have fueled the success of the subject’s in-place upgrade program. Built in 1985, Petersburg Place’s overall market position has been elevated with more than $1M in recent capital investments, and also offers investors more revenue-generating upside as the interior upgrades are completed.
...
Petersburg Place
Offers Due:  Thursday, June 13, 2019
82 Units
3584 Riverwatch Parkway
Martinez, GA  30907
Type: Conventional
Posted: 4/22/2019

Pheasant Run is a 2002 built property located in a desirable infill location that benefits from limited nearby competition. While well maintained, the property has largely original finishes and amenities and offers the ability to increase revenue with untapped renovation opportunities. The existing unit layouts and features can be easily enhanced and result in premiums of more than $110-$330 / month. With 9-foot ceilings, each floorplan offers spacious living areas and washer/dryer hook ups.

Located in Warren Township, on the southeast side of Indianapolis, Pheasant Run enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants, employment and medical facilities.

Offered Free and Clear, the property’s stable financial performance will allow for the most competitive and attractive new debt structure.

Pheasant Run can be purchased individually or as part of a 600 unit, 3 property portfolio to include English Village – 208 Units and Echo Ridge 208 Units.

All three properties are located on the south eastside of Indianapolis and a portfolio purchases offers economies of scale.

...
Under LOI
Pheasant Run
208 Units
7925 Palawan Drive
Indianapolis, IN  46239
Type: Conventional
Posted: 3/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky are pleased to present the exclusive listing of the 265-unit Phoenix Place apartment community located in Louisville, KY. Phoenix Hill is centrally located next to trendy neighborhoods (NuLu, Highlands, and Downtown Louisville) and embedded in Louisville's Medical District, which features over 25K jobs. Following in the wake of the economic explosion occurring in Louisville intown neighborhoods, the subject is located within the path of progress fueling the Phoenix Hill revitalization. Phoenix Place presents an opportunity to acquire a true repositioning opportunity in a submarket lacking high-quality, affordable multifamily options.
...
Under LOI
Phoenix Place
265 Units
510 S Shelby Street
Louisville, KY  40202
Posted: 3/18/2019
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Pines of Newpointe and Lynnbrook Forest, a 181-unit two property portfolio located in Virginia Beach, Virginia. Built in 1996 and 1985 respectively, the Properties are uniquely comprised of two and three bedroom rental flat style and townhouse units with modern unit layouts within one of the region’s strongest economies. Pines of Newpointe and Lynnbrook Forest are well maintained with significant capital invested including a refresh of original interior finishes. The Properties exhibit strong value-add fundamentals through in-unit renovation potential which can garner additional rent increases. Pines of Newpointe and Lynnbrook Forest’s location within Virginia Beach provides residents access to a significant amount of convenience retail and proximity to some of Hampton Road’s largest employers. Pines of Newpointe and Lynnbrook Forest’s exceptional location and unique construction type make it a rare opportunity to acquire two stable, cash flowing assets with additional upside in one of the strongest municipalities in the expanding Hampton Roads economy.
...
Under Contract
Pines of Newpointe & Lynnbrook Forest (2 properties, 181 units)
Pines of Newpointe
125 Units
5510 Seawall Court
Virginia Beach, VA  23462
Posted: 1/29/2019
Cushman & Wakefield’s Texas Multifamily Advisory Team is pleased to announce the offering of Plaza 20, a 73-unit highrise rental community located in the district of Santurce, Puerto Rico (PR). Santurce is the biggest and most populated of all the districts in San Juan, PR. Plaza 20 is conveniently located near major grocery and drug stores, restaurants, hospitals, and parks. This 14-story high-rise mixed use building consists of 65,604 total square feet (SF), which includes 73 Luxury Apartment units, 48,332 SF retail, and 169 underground parking stalls.
...
Plaza 20 Apartments
73 Units
603 Hipodromo Street
San Juan, PR  00909
Posted: 1/23/2019
Under Contract
Ponderosa Pointe & Val Verde Apartments (2 properties, 132 units)
Ponderosa Pointe
48 Units
6320 South 72nd Street
Ralston, NE  68127
Type: Conventional
Posted: 10/15/2018
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)
Preserve at Woods Lake
232 Units
412 Woods Lake Road
Greenville, SC  29607
Type: Conventional
Posted: 2/14/2019
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)
Princeton Avenue Townhomes
10 Units
31 Princeton Avenue
Adairsville, GA  30103
Posted: 5/22/2019