The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 219-unit College Park apartment community located in Macon, Bibb County, GA. This asset is strategically located in West Macon, moments away from big-box retailers like Sam's Club, Best Buy, Kroger, The Home Depot and minutes away from the $100M Macon Mall Revitalization project. Built in 1968 & 1972, College Park offers an outstanding opportunity to invest in an asset with steady rent growth and value-add potential.
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Under Contract
College Park
219 Units
3535 Williamson Road
Macon, GA  31206
Posted: 1/6/2022

Cushman & Wakefield, in conjunction with WT Mitchell Group Inc., are pleased to exclusively present the opportunity to acquire Concord Terminal (the "Property"), a ±2.66 acre transit-oriented multifamily development site located in Concord, California. Situated just steps from the Concord BART station, the Property’s infill 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.

Concord Terminal is currently a retail shopping center with month-to-month tenancies which provides an investor logistical flexibility while also benefitting from recurring cash flow during the entitlement process. Located within Concord’s Downtown Mixed Use (DMX) zoning district, the Property is zoned for up to 266 multifamily units and, through density bonuses, more than 300 units could potentially be built on the site.

With modern design, a transit-friendly location, and close-proximity to downtown Concord's numerous lifestyle amenities, Concord Terminal will offer a highly-amenitized living experience for residents seeking convenient living in the San Francisco Bay Area.

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Concord Terminal
2.66 Acres
2699 Clayton Road
Concord, CA  94519
Type: Land
Posted: 1/10/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Conyers Development Site located 25 miles southeast of downtown Atlanta in Rockdale County, Georgia. This extraordinary, bank-owned, rare development site is strategically situated a half mile from Publix, Piedmont Rockdale Hospital Medical district, schools, and new SF homes averaging $250K+. The Conyers Development Site offers unlimited commercial/residential development potential in a high-visibility location within one of the fastest growing counties in Georgia.
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Under Contract
Conyers Development Site
65.07 Acres
900 Sigman Road
Conyers, GA  30012
Type: Land
Posted: 8/10/2020

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 91 units situated among three properties in two of the best areas in Fort Lauderdale. The properties can be purchased as a portfolio or individually (however Harbour Beach and Harbour Pointe need to be purchased together).

The properties are located in extremely desirable areas of Fort Lauderdale. Two of three properties are sitting on the water. Harbour Pointe features 300’ of boat slips and Coral Ridge Isles feature over 500’ of ocean-access water frontage with the potential of adding boat slips. The properties offer immediate upside through eliminating over $400,000 in loss-to-lease as value-add potential on most buildings.

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Fort Lauderdale Waterfront Portfolio (3 properties, 91 units)
Coral Ridge Isles
33 Units
1400 NE 53rd Court,
Fort Lauderdale, FL  33334
Posted: 4/5/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Core Link at Douglas (the “Property”) – a 312-unit, 22-story, FGBC Silver (pending) class-AAA highrise adjacent to the Douglas Road Metrorail station and Coral Gables’ esteemed Merrick Park neighborhood. A Phase II sister tower, the 421-unit Cascade will deliver in late summer 2022 and further enhance the master-planned living experience of residents with the addition a 22,000 square foot Milam’s Market on its ground floor.

Strategically positioned at the nexus of four mature and affluent neighborhoods, the Property’s highly desirable combination of high-rise Biscayne Bay views, asset quality, expansive amenities, walkability, and TOD access in this coveted submarket have attracted superb resident demographics with average household incomes near $250,000. Core Link at Douglas represents a rare opportunity to acquire a newly completed, transit-oriented, class-AAA high-rise in one of the highest barrier-to-entry and most affluent submarkets in Miami.
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CORE Link at Douglas
312 Units
3060 SW 37th Avenue
Miami, FL  33133
Posted: 3/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Arkansas 360 portfolio, 5 properties and 360 total units spanning the North Little Rock, Hot Springs, and Fort Smith markets. Each market offers the investor a diversified tenant pool with stable job growth projections. Built between 1973-2005, the Arkansas 360 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio while allowing the next owner to inject additional capital for interior value add, refreshed exteriors, and boost exit value.
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Arkansas 360 Portfolio (5 properties, 360 units)
Cottages of Hot Springs
72 Units
921 Shady Grove Rd
Hot Springs, AR  71901
Posted: 6/15/2021

5.8% Trailing Cap Rate with Upside

The property offers immediate cash flow selling at a 5.8% T-3 Cap Rate. A new owner could reduce loss to lease, increase rents on turnover and achieve projected occupancy by upgrading all units and adding amenities.

Stable, Long-term Operations

Self-managing, long-term owners bring a wealth of property knowledge. The 35% increase on the last 3 leases, 18% average increase on lease trade-out (new leases), renewal rate of 65%, and consistently high occupancy are a result of stable, long-term operations.

Townhome Property w/ Popular Features

All units are either 2- or 3-bedroom spacious townhomes, averaging over 1,200 square feet. Private entries, enclosed patios, full size washer/dryer connections in all units, dining room, and large closets are some of the popular features. A daycare facility is connected to the clubhouse for resident use at a reduced rate.

Convenient Access to Vast Employment

The property is adjacent to Finish Line's HQ, and a large employment cluster. Other significant employers nearby are Emmett J. Bean Federal Center (4,800+ employees), Community Hospital North, Adidas Group, Amazon, and Walmart Distribution. I-70 and I-465 are both less than three miles away, providing direct access to the downtown CBD and all areas of the city.

Resurgence of Indianapolis' East Side

Next to fast-growing Hancock County, the East side is showing upward trends in several indicators including occupancy and rent growth. Its substantial job base and strong regional economy are both growing faster than jobs nationwide. Industrial development is booming with 9.5 million SF under construction in the submarket.

Purchase Individually or as a Portfolio

Country Lake can be purchased together with Fountainview and Lake Marina as a portfolio of 628 total units, creating economies of scale. The properties can also be purchased individually.

   
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Under Contract
Country Lake Townhomes
184 Units
2910 White Knight Blvd.
Indianapolis, IN  46229
Posted: 1/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit South Carolina Value-Add Portfolio located in two of South Carolina’s most admired cities, Columbia and Spartanburg. Both assets are situated in South Carolina’s most robust and diverse markets with major employment centers and multifamily fundamentals that will support both assets for the long haul. Both the East Columbia and East Spartanburg submarkets are characterized by impressive rent growth, 15% and 20% respectively, dominant white-collar workforces, and majority renter occupied populations. Arbors at Windsor Lake and Cross Creek are both set to benefit from their strong micro locations with qualities such as impressive area demographics and seamless connectivity to economic drivers. Built in 1991/1981, the portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in high growth southeastern markets with strong value-add opportunities to command average premiums of $255.
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Under Contract
South Carolina Value-Add Portfolio (2 properties, 380 units)
Cross Creek
152 Units
345 Bryant Road
Spartanburg, SC  29303
Type: Conventional
Posted: 3/3/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Cross Hill apartment community located in booming Columbia, SC. This asset is situated in the desirable Central Columbia area just over 3 miles from downtown Columbia, providing residents seamless connectivity to premier retail and top employment nodes. The property’s exceptional micro location boasts blue-chip demographics including high avg. HHI ($86k+), a dominant white-collar workforce (72%), and impressive projected rent growth (22% through 2026). In a sought-after pocket of Richland County, residents at Cross Hill enjoy walkability to over 255k SF of high-end retail in their own backyard including Whole Foods and Athleta, with Target, World Market, and Publix less than a mile away. Built in 1972, Cross Hill arrives to market meticulously maintained with a proven Class-A value-add campaign ($150+ avg. premiums) for investors to complete on all units to push rents $215+, aligning the asset with top submarket competitors.
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Cross Hill
Offers Due:  Tuesday, June 14, 2022
184 Units
4427 Blossom Street
Columbia, SC  29205
Posted: 5/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, FL. This asset is situated along US-98 (23K+ VPD), a high traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Pensacola is benefitting from Navy Federal Credit Union’s rapidly expanding campus that is ahead of schedule to employ 10,000+ by 2026. Current owners have successfully started an interior value add program that has achieved $245 avg. rent increases over prior unrenovated rents. Built in 1997 with a quality physical plant, Crystal Lake provides an excellent opportunity to invest in a performing asset with proven value-add premiums.
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Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Posted: 3/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 58-unit Cumberland Court apartment community located in Valdosta, Lowndes County, Georgia. This asset is situated in the thriving North Valdosta region, just off major thoroughfare North Valdosta Road and within minutes of major retailers such as Publix and Chick-fil-A. Built in 1985, Cumberland Court offers an outstanding opportunity to invest in a high-performing, well-located asset, primed for value-add. With 100% classic units, Cumberland Court allows for an elevated value-add plan to push rents $264.
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Under Contract
Cumberland Court
58 Units
8 Meadow Run Circle
Valdosta, GA  31601
Posted: 3/21/2022
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.57 acre, high density multifamily development site in Phoenix’s rapidly transforming Downtown located in the Opportunity Zone. Located adjacent to Chase Field (Diamondbacks), Footprint Center (Suns), and minutes from the I-10 Freeway, this site is well positioned for luxury multifamily development. Phoenix’s urban revival has transformed Downtown into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 12,200-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in Downtown Phoenix. The opportunity consists of three distinct parcels with a combined total of ±2.57 acres of developable land with one parcel on the northwest corner of South 5th Street and East Lincoln Street, adjacent to two parcels on the northeast corner of South 5th Street and East Buchanan Street.
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Under Contract
Downtown Phoenix Multifamily Development Site
   
Posted: 2/2/2022

The Cushman and Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present The Delaware County Portfolio, a demonstrated value-add opportunity just 15 minutes from Downtown Philadelphia. Totaling 40 units, the two Properties Dutton Place and Cannon Court are within 1.5 miles of each other, and can be acquired in tandem with Washington Square in Prospect Park, PA. These sister communities are well-positioned for a value-add strategy, programmatically making cosmetic renovations of existing kitchens and bathrooms, while reducing operating expenses, and increasing rents substantially. The Delaware County Portfolio as well as Washington Square, offer a rare opportunity to acquire multi-generational assets that can be centrally managed.

Thanks to its affordability and its growing, healthcare-driven economy, Philadelphia has long been known as one of the most stable major apartment markets., with trailing 12-month asking rent growth running at an impressive 9.3% in the fourth quarter of 2021. Suburban apartment performance continues to rise, with many employers allowing their workers to work remotely, Suburban Philadelphia rent growth is forecasted to post a 10% year over year gain, compared to a 4% increase in 2020.

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Under LOI
Delaware County Portfolio (2 properties, 40 units)
Dutton Place
20 Units
131 Dutton Street
Ridley Park, PA  19078
Type: Conventional
Posted: 2/21/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 66-unit Eagleview Lenoir apartment community located in Lenoir, NC, in Caldwell County. This asset is situated by the region’s prominent thoroughfare, U.S. 321, which provides residents convenient access to local retail and leisure options, as well to larger metro areas. Eagleview Lenoir offers investors the opportunity to boost NOI by completing a renovation program for to all units and initiating a bill back program for property utilities to tenants (including submetering water and billback of electricity). With a limited delivery pipeline and vacancy hovering around record lows of 3.7%, this asset is primed to capitalize on this strong market that has achieved 10.2% rent growth YoY.
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Eagleview Lenoir
Offers Due:  Thursday, May 19, 2022
66 Units
405 Connelly Springs Dr SW
Lenoir, NC  28645
Posted: 4/7/2022
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire East Main Street (the "Property"), a 100% market-rate, ±5.50 acre mixed-use development site located in a priority development area in Vacaville, California. Situated within a half-mile from an Interstate-80 onramp, the Property benefits from convenient access to the area’s largest and most renowned employers including Genentech, Kaiser Permanente, NorthBay VacaValley Hospital, Anheuser-Busch, UC Davis and Travis Air Force Base. Recognizing the critical need for infill housing, the City of Vacaville created the East Main District Master Plan, which identifies East Main Street as a priority development site and allows for the development of up to 304 units.
With direct access to 5 million jobs, Vacaville has emerged as one of the top performing housing submarkets in the San Francisco Bay Area. Local rents are projected to grow 20% by 2025 while median household incomes are expected to grow by 15% to $96,838 annually by 2024. Situated one block from Main Street, residents of East Main Street will be steps from the retail, dining, and entertainment offerings in downtown Vacaville. A rare opportunity with multiple exit strategies, developers can build a for rent or for sale project. As a 100% market rate community with minimal future competition, East Main Street will offer the high end, convenient living experience critical to attracting the region’s most affluent residents.
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East Main Street
4.68 Acres
East Main Street
Vacaville, CA  95688
Type: Land
Posted: 6/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listings of Eastpark Village Mid-Rise, Eastpark Village Garden, and Bolton Road, located in Atlanta, Georgia. This offering is an exceptionally rare opportunity to acquire three apartment communities (which can be acquired together or separately) in the Sunbelt’s top growth market. Eastpark Village Mid-Rise is a unique property featuring 277 mid-rise units and Eastpark Village Garden consists of 302 garden style units. The property is strategically located in Kennesaw, an affluent North Atlanta suburb and growing employment market with extremely high barriers to entry. Bolton Road is in the rapidly expanding Upper Westside neighborhood, with direct access to sprawling lifestyle amenities and high-end dining destinations. These extremely strong locations are conveniently situated within 15 minutes of 450K+ jobs, benefitting future residents. Strategic positioning coupled with VCP-Tellus renowned development reputation position these three assets for long-term growth.
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Atlanta Forward Sale Portfolio (2 properties, 770 units)
Eastpark Village (Proposed)
579 Units
3590 Cherokee Street NW
Kennesaw, GA  30144
Type: Conventional
Posted: 5/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Elan Powers Ferry, a brand-new multifamily asset strategically located in Cumberland, Atlanta’s most desirable infill arc submarket. Elan Powers Ferry’s ideal location provides exceptional access to The Battery, Atlanta’s top entertainment district and home of the Atlanta Braves, as well as desirable outdoor lifestyle amenities. Cumberland’s infill arc is home to numerous Fortune 500 headquarters, which provides direct access to 450K+ jobs within 15 minutes, further benefiting the property’s residents. The irreplaceable location, coupled with Greystar’s renowned development reputation, position the asset for long-term sustainability, as the phenomenal lease-up and rental trends lay the track for future prosperity.
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Elan Powers Ferry
276 Units
1945 Powers Ferry Road
Atlanta, GA  30339
Posted: 3/1/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Elan Ruby Lake, a 372-unit garden-style apartment community located in Orlando, Florida (the "Property"). Completed in 2022, the Property is situated on 16.8 acres adjacent to Lake Ruby on the west side of Interstate-4.

Elan Ruby Lake features 10 three and four-story residential buildings and a community clubhouse. The average unit size of the apartment homes is 962 s.f. across one, two, and three-bedroom floor plans. Unit interiors feature stainless steel appliances, quartz countertops, built in closet systems, kitchen islands, and natural hardwood plank-style flooring. The Property boasts an impressive amenity package including two swimming pools, a state-of-the-art fitness center and yoga studio, an outdoor game lounge, a business hub with flexible work-spaces, an outdoor kitchen with BBQ stations, an on-site pet spa and dog park, a media and clubhouse game room, 24/7 package lockers, two bocce ball courts, a fitness track, and property-wide walking paths among other offerings.

The Property offers immediate access to a surplus of lifestyle amenities including extensive retail and recreational offerings with more than 1.7 m.s.f. of retail within one mile. Additionally, the Property is ideally positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f. of office space, and adjacent to Interstate-4, providing easy access to a diverse set of major employers throughout the Orlando MSA.

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Elan Ruby Lake
Offers Due:  Monday, May 9, 2022
372 Units
9950 Elan Circle
Orlando, FL  32836
Posted: 3/29/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interests in H16 Apartments ("H16") and Eleanor Apartments ("Eleanor") which collectively compose the Midtown Portfolio (the "Portfolio") located in one of the nation’s top performing apartment markets. The Portfolio offers the rare opportunity to acquire one or both of the newest and highest-quality multifamily communities in Sacramento, CA at a ±10% discount to replacement cost. Situated in an Opportunity Zone in the heart of the region’s most dynamic and desirable urban locale, H16 and Eleanor are highly attractive to the area’s fast-growing renter-by-choice demographic. Cushman & Wakefield is presenting these assets either as individual offerings or as a portfolio.
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Midtown Portfolio (2 properties, 190 units)
Eleanor
95 Units
501 16th Street
Sacramento, CA  95814
Posted: 1/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Element at East North, the 152-unit apartment community located in flourishing Greenville, SC. This asset is situated in a sought-after pocket of Greenville characterized by its young, affluent, and educated demographic base boasting high HHI’s ($84k+), white-collar workforce (64%), and exceptional projected rent growth (24% through 2026). The property is set to benefit from its desirable micro location surrounded by an abundance of high-end retail (Haywood Mall & Magnolia Point), Greenville County’s nationally ranked school district, and easy access to I-85 for residents to reach over 94k jobs within a 15-minute drive. Built in 1967, Element at East North arrives to market with a proven in-place value-add program that can be enhanced with Class-A finishes to command average premiums north of $250.
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Element at East North
152 Units
50 Glenwood Road
Greenville, SC  29615
Type: Conventional
Posted: 3/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 263-unit Elevate at NuLu apartment community located in trendy neighborhood of NuLu in central Louisville and embedded in Louisville's Medical District, which features over 25K jobs. Following in the wake of the economic explosion occurring in Louisville's in town neighborhoods, the subject is located within the path of progress fueling the Elevate at NuLu revitalization. Elevate at NuLu presents an opportunity to acquire a true repositioning opportunity in a desirable, fast-growing neighborhood surrounded by high-paying jobs.
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Under LOI
Elevate at NuLu
263 Units
802 E Madison Street A
Louisville, KY  40204
Posted: 1/14/2022
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Emblem Grayson, a 344-unit institutional quality garden asset in Grayson (Atlanta), GA. Among the limited supply in Grayson, Emblem Grayson’s thoughtful site plan, spacious floorplans, and expansive amenities including 1+ acre of greenspace drive prominent visibility. The asset is strategically positioned in an undersupplied and highly sought-after suburban submarket. Pent-up demand fueled by industrial job growth and access to strong employment corridors is demonstrated through the property’s leasing velocity, netting an average of 27 leases per month since January. Also, Emblem Grayson’s unique suburban location provides direct access to Downtown Lawrenceville as well as Atlanta’s sprawling I-85 industrial corridor. Surrounded by quality demographics and top-notch schools, Emblem Grayson is a phenomenal investment opportunity with a strong future growth trajectory.
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Emblem Grayson
344 Units
605 Athens Highway
Loganville, GA  30052
Type: Conventional
Posted: 5/17/2022

PROVEN ABILITY TO ACHIEVE PREMIUMS

A rent premium is being achieved on 14 recently upgraded units ($190+ avg.) and 70 units upgraded between 2010-2015 ($100+ avg.). A new owner could significantly increase revenue by completing the recent renovation program on the remaining 107 classic units and 15 hallways.

IN-DEMAND ONE AND TWO BED UNIT STYLES

English Village is a 1987 built property offering one and two bedroom units styles, which are in high demand. These unit types allow for attractive overall rent pricing.

ELEVATE EXISTING AMENITY SET

The new owner has the ability to easily elevate the existing amenities with minor changes. Suggestions include adding a bark park, package center, new signage and updating the existing playground.

WELL-MAINTAINED WITH RECENT CAPITAL IMPROVEMENTS

Various improvements have recently been completed to this well-maintained property. The clubhouse/office was upgraded with new flooring, paint scheme and furniture. Hallways received a new paint scheme and carpet, and 12 unit interiors were fully renovated.

CONNECTIVITY TO DOWNTOWN INDIANAPOLIS

The property's location on the near east side offers quick access to downtown Indianapolis' employment, entertainment and retail/dining options. Downtown is home to three Fortune 500 companies, 154,500+ employees with 1,000+ new jobs added in 2021.

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English Village
208 Units
545 English Village Dr
Indianapolis, IN  46219
Type: Conventional
Posted: 3/29/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Eve at the District (the “Property”) – a 195 unit, 60,889 square foot retail, 19-story, LEED Silver class-A high-rise abutting Miami’s Design District and Midtown neighborhoods. Eve at the District was delivered in 2016 and has consistently proven to be amongst the top performing luxury apartment buildings in the market. This is evident in the Property’s last 30 leases where rents are 43% above the current rent rolls old 30 leases.Beyond near term exceptional rent growth, opportunities through light unit renovations and the introduction of short-term rentals provide the ability for ownership to acquire a high performing, cash flowing Miami high-rise with above market returns.

The Property features a market leading combination of top-of-market unit finishes, including floor-to-ceiling glass windows that maximize Biscayne Bay and downtown skyline views, and all-inclusive resort-like amenities. Eve at the District onsite conveniences are enhanced by the Property’s location between over 1 million square feet of retail, which help to earn the Property a nearly perfect 97 Area Walk Score. The Property features nearly 61,000 square feet of retail that is currently 91% leased with lead tenants City Furniture and UFC Gym.

In 2024, Brightline’s Design District station is scheduled to open. The station will be less than a quarter-mile walk for residents and retail patrons. Through Brightline’s MiamiCentral Station, the Property will be connected to four modes of transportation and 75 stations throughout South Florida and the state. The Property’s accessible location to this station, its highway and main thoroughfare access, and its positioning between the city’s fastest growing neighborhoods elevates Eve at the District for generational success.
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Under Contract
Eve at the District
195 Units
3635 NE 1st Avenue
Miami, FL  33137
Posted: 12/18/2021