The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 276-unit Millennium Towne Center apartment community located in Baton Rouge, Louisiana. Millennium Towne Center is adjacent to Baton Rouge’s leading retail district, Towne Center at Cedar Lodge which is anchored by a Whole Foods Market. Given a one-mile radius of the property, average household income is roughly $110K and white collar employment levels exceed 76%. As Baton Rouge continues to flourish through the growth of leading employment industries, including healthcare, higher education, petrochemical industries, and shipping, Millennium Towne Center will continue to attract an affluent regional resident profile. Millennium Towne Center is an excellent opportunity to acquire upscale product below replacement cost.
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Millennium Towne Center
276 Units
6810 Jefferson Highway
Baton Rouge, LA  70806
Type: Conventional
Posted: 1/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 15.04 acre land site located on the corner of Milton Road and Barrington Drive in Charlotte, NC. Firmly cemented in a solid demographic region, The Milton Road land site offers seamless connectivity to Charlotte’s largest job centers by way of NC-24 and the land is already zoned for multifamily development. With the Charlotte LYNX Blue Line transit system finished and more expansion underway, East Charlotte is expected to boom in development. Over 80% of the apartment complexes in this submarket are greater than 15 years in age, providing developers with an outstanding opportunity to capture first-class market share in the area.
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Milton Road Land Site
   
Milton Road
Charlotte, NC
Type: Land
Posted: 8/9/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Mission Villas (the "Property"), a ±1.05 acre site with active entitlements to construct 16 new duet-style single family residences in Fremont, California. Situated 1.5 miles from the Fremont BART station and 3.2 miles from Interstate 680, the Property is a rare in-fill development site offering strategic access to the San Francisco Bay Area’s most notable employers.

Mission Villas has Tentative Map approval through May 12, 2019. The Final Map, Improvement Plans and Joint Trench Plans have been drafted but have yet to be submitted to the City of Fremont for its approval. Construction Drawings and Architectural Review are expected to be completed by the selected purchaser of Mission Villas.

The Property provides the rare opportunity to acquire an entitled single family project in the San Francisco Bay Area’s fourth largest city. With immediate access to the region’s world-renowned economy, admission to the highly regarded local public school system and numerous recreational amenities, Mission Villas will provide home buyers the exceptional quality of life standard enjoyed by Fremont residents.

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Under Contract
Mission Villas
1.05 Acres
38569 Mission Boulevard
Fremont, CA
Type: Land
Posted: 2/13/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 45-unit, Monarch apartment community located in Durham, NC MSA. Built in 1965, this asset received a recent investment of $382,000 in improvements. The surrounding market indicates that potential investors can take the current mid-tier renovations a step further with the opportunity to boost NOI by over 30% through implementation of a value-add 2.0 program. As Downtown Durham continues to revitalize its infrastructure, this quality, low maintenance asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.
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Monarch
Offers Due:  Thursday, March 21, 2019
45 Units
1001 Ruby Street
Durham, NC  27704
Posted: 2/13/2019

The Mountain Vista apartment complex was built in 1979 and is located at 3950 South Mountain Vista Street, in Las Vegas, NV. The Paradise Valley East submarket is well situated to value-add opportunities and the Mountain Vista exemplifies this, given that nearly 50% of the units have been renovated, thus displaying clear upside to increase yields above the market. Amongst comparable rental properties in this submarket, the current asking rent of unrenovated units at the Mountain Vista are $57 per month lower than the average market rent & $218 per month lower than the highest comp in the submarket.

Renovated units are only asking $22 per month higher than the average of the comp set, proving that there is additional upside beyond the renovation plan that the current ownership has implemented. Additionally, the project has been well kept by ownership that owns other high-end assets in the market.

Approximately 30% of the A/C units have been recently replaced, and the common areas have been upgraded and maintained, thus encouraging the continuation of a renovation plan to boost rents.

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Mountain Vista Apartments
178 Units
3950 S Mountain Vista St
Las Vegas, NV  89121
Posted: 2/12/2019
The Perfect Sunrise Location with Tremendous Upside

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Nexus Sawgrass, a 501-unit core-plus opportunity located in Sunrise, Florida. Developed in 2013, the property consists of a mix of four-story midrise and three-story garden buildings. Current ownership has been upgrading the bedrooms with hard surface flooring on 47 units and has been achieving average premiums of approximately $45. With the quality construction and location, Cushman & Wakefield projects additional upside potential to include: continuation of the hard surface flooring, upgraded light & fan package, backsplash, USB ports and updated appliances. The location of Nexus Sawgrass in Sunrise offers the ultimate in access to jobs and retail within a quintessential Florida suburban community. The property is less than two miles from the 612-acre, Sawgrass International Corporate Park and is walking distance to the 2.3 million sf Sawgrass Mills Mall. It also has immediate access to the Sawgrass Expressway, I-75, and I-595 which have undergone over $2.2B in improvements allowing residents direct commutes to the major employment centers in Broward and Miami-Dade Counties.

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Nexus Sawgrass
Offers Due:  Thursday, April 4, 2019
501 Units
2903 NW 130th Avenue
Sunrise, FL  33323
Type: Conventional
Posted: 2/13/2019

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire NoMia Land: a ±1.88-acre site located at the intersection of one of North Miami’s most traveled thoroughfares at NE 135th Street (47,000 vpd) and NE 6th Avenue (26,000 vpd). The site is within the newly established Neighborhood Redevelopment Overlay district (NRO) that allows up to 100 units per acre and a building height of up to 110 feet, allows for 188-units with a minimum average of 750 square feet. The site zoning allows for a variety of uses including residential, commercial, hotel, mixed use and assisted living.

The site serves as a “Main and Main” location within the City of North Miami. The site is approximately 1.5 miles from I-95 and Biscayne Boulevard, allowing easy access to the areas major thoroughfares. Moreover, the site is walking distance to Arch Creek Elementary and North Miami Middle and High Schools as well as the North Miami Downtown District located on NE 125 Street.

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NoMia Land
   
535 NE 135TH Street,
North Miami, FL  33161
Posted: 1/11/2018
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.
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Southeast Value-Add 6 Portfolio (6 properties, 1,546 units)
North Creek
Offers Due:  Wednesday, March 27, 2019
250 Units
8786 North Creek Boulevard
Southaven, MS  38671
Type: Conventional
Posted: 2/14/2019
Northwoods Vandalia Land
16 Acres
 
Vandalia, OH  45377
Type: Land
Posted: 5/2/2017

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.

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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 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.
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Oak Tree Villas
997 Units
3465 Kensington Road
Decatur, GA  30032
Type: Conventional
Posted: 2/1/2019

Oakbrook Park Apartments, located on the desirable north side of Indianapolis, offers buyers the opportunity to purchase a stable, partially renovated property in a solid B location with the demonstrated ability to renovate units and achieve rent premiums.

The property was originally built in 1978 and has received numerous renovations and updates over the years. In 2010 / 2011, a previous owner completed over $1.3M in property renovations/upgrades. These renovations included the replacement of all windows, common area hallway upgrades, full property exterior painting, replacement of 4 roofs, addition of a new fitness facility, yoga studio and business center, clubhouse renovation, installation of a bark park and sand volleyball court, new landscaping and property signage and the updating of 153 apartment units (87 partially renovated and 66 fully renovated units).

The current owner has continued to invest in the property and spent over $1.5M since 2015 in capital improvements. A major project completed by the current owner was the conversion of a previous commercial building. This building was fully renovated and converted into 12 additional apartments. These 12 units have brand new finishes and feel like new construction product. These “new” units are highly sought after and demonstrate the demand for units with higher end finishes and higher rents. Further proving the case for continued unit upgrades, the previous owner fully renovated 66 units in 2011+/- and these units still lease for $50 - $125 more.

Oakbrook Park is being sold free and clear or with the potential to assume the existing debt (assumption NOT required).

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Under LOI
Oakbrook Park
256 Units
1808 Century Way
Indianapolis, IN  46260
Type: Conventional
Posted: 3/14/2019
Oakley Yard
30.8 Acres
2950 Robertson Ave
Cincinnati, OH  45209
Type: Land
Posted: 5/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 46-unit Old 4th Ward Flats located in east Atlanta Fulton County, Georgia. Originally built as 50 units, this asset is situated just steps from the Eastside BeltLine and Freedom Parkway Trails in Old 4th Ward, ranked in the Top 10 Neighborhoods nationally and boasting explosive rental demand. Six 1960s-vintage, all-brick buildings offer walkability to redefining new developments such as Krog Street and Ponce City markets, and high-paying jobs in Downtown and Midtown.
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Under Contract
Old 4th Ward Flats
46 Units
195 Randolph Street
Atlanta, GA  30312
Posted: 4/25/2018
Cushman & Wakefield, as an exclusive marketing advisor, is pleased to present the opportunity to acquire 54 out of 429 luxury townhome units, within Orchid Grove, a Class A community in Pompano Beach, Florida. Built in 2007 as “for sale” product, Orchid Grove provides exceptional finishes and spacious floor plans. The average size of the 54 townhomes is 2,150 square feet of air conditioned space. Each townhome includes a private direct access garage, terraces and balconies with high-end finishes.
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Orchid Grove
54 Units
649 S Cypress Road
Pompano Beach, FL  33060
Posted: 8/22/2018
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.
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Palm Isle
257 Units
251 Eisenhower Drive
Biloxi, MS  39531
Type: Conventional
Posted: 3/15/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present a core, suburban infill investment opportunity to acquire Parc3400 – a 260-unit, Class A, 5-story multifamily asset in Davie, Florida. Completed in 2018 and developed with the highest design standards, Parc3400 features a mix of one-, two- and three-bedroom residences with state-of-the-art amenities and finish levels. The property was able to stabilize in 12 months and has attracted an affluent residential profile with an average household income exceeding $123,000. Located in one of South Florida’s most dynamic live, work and play environments, this brand new asset is being offered for the first time to investors.

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Parc3400
259 Units
3400 Davie Road
Davie, FL  33314
Type: Conventional
Posted: 1/7/2019

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.
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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.

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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 Galleria 3 Portfolio, an 825-unit value add portfolio centralized in the desirable Hoover municipality of Birmingham, Alabama. The portfolio is comprised of three communities: The Park at Galleria (431 units), The Place at Galleria (150 units), and The Renaissance at Galleria (244 units). Hoover is ranked the 4th best place to live in Alabama (Niche, 2018), boasting a state ranked school system, affluent demographics, and heavy barriers to entry for multifamily. The municipality also offers access to over 10,000 jobs and 2.8 million square feet of quality retail, along with a healthy pipeline of new economic development. Delivered between 1972 and 2002, The Galleria 3 Portfolio offers proven value add upside and heavy operational upside, both of which can create massive cash flow for the next investor.
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Under Contract
Galleria 3 Portfolio (3 properties, 825 units)
Park at Galleria
431 Units
550 Hampton Park Drive
Hoover, AL  35216
Type: Conventional
Posted: 9/12/2018
Under Contract
Park Ridge Commons
752 Units
9030 Kennedy Drive
Des Plains, IL  60016
Type: Conventional
Posted: 1/11/2019

Park View Apartments, nestled in the quiet neighborhood surrounding Hawthorne Park in Janesville, Wisconsin is a great opportunity for steady investment.  The setting for Park View is idyllic with grand, stately oak trees and an expansive lawn area.  Typically appealing to a senior demographic, Park View has been a destination for residents seeking efficient living and access to important amenities like shopping, medical offices, hospitals and pharmacies. Tenants enjoy this asset’s boutique feel, and it shows via high retention rates and long rental tenure as a result.

This is truly a "bread and butter" opportunity for investors seeking low risk and strong returns.  This is coupled with the opportunity to convert the asset into a more "senior specific" use giving a new investor multiple executions.  In addition, current ownership has secured favorable, assumable agency financing at record-low interest rates, which allows new ownership to generate great returns immediately.

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Under LOI
Park View Apartments
96 Units
1601 N Randall Ave.
Janesville, WI  53545
Type: Conventional
Posted: 10/3/2018