The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Palmier – 112 units in Mobile, AL, and Camille Village – 86 units in Pass Christian, MS. Each asset is located within high-growth submarkets of the Mobile MSA and Mississippi Gulf Coast, where there has been remarkable rent growth of 20%+ in the last three years. The Mobile, AL economy is anchored by the Port of Mobile which supports 350,000+ jobs and has an annual economic impact of nearly $100 billion across the State. The Mississippi Gulf Coast touts stability with an economy deeply rooted in the military, healthcare, manufacturing Industries. Both Palmier and Camille Village arrive to market on the heels of extensive repositioning efforts with uptrending cash flows. With the heavy legwork already completed, future ownership will benefit from quality physical plants and organic revenue growth upside.
...
Under Contract
Palmier & Camille Village (2 properties, 198 units)
Palmier
112 Units
400 Westwood St
Mobile, AL  36606
Type:  Multifamily
Posted: 2/7/2024
Cushman & Wakefield Inc., as exclusive advisor, is pleased to present the opportunity to acquire the Novus Lakefront Mixed-Use Development Site (the “Development Site”), presenting a rare opportunity to develop five lake front parcels. With significant frontage on Tempe Town Lake, the Development Site is comprised of approximately 14 acres in the Novus Innovation Corridor at Arizona State University, and represents the largest undeveloped contiguous lake front site on Tempe Town Lake.
...
Parcel 5C-5D-5E-5FW-5FE-Novus Innovation Center
14.4 Acres
NWC & NEC Rio Salado Parkway & Rural Road
Tempe, AZ  85281
Type:  Land
Posted: 10/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 307-unit Broadway Townhomes & Park Place Townhomes multifamily communities located in Atlanta, Georgia. These assets are strategically-located in the thriving Atlanta aerotropolis with direct access to the metro’s largest employer, Hartsfield-Jackson International Airport. Built in 1970 & 1971 with Park Place being fully renovated in 2018, these two properties offer expansive, townhome floor plans in a surging south Atlanta multifamily submarket.
...
Broadway & Park Place Townhomes (2 properties, 307 units)
Park Place
124 Units
2001 Godby Road
College Park, GA  30349
Type:  Multifamily
Posted: 1/16/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Park Ridge, a 122-unit Build-to-Rent townhome community in Myrtle Beach, SC on a forward sale transaction. The property is strategically located in the nation’s fastest growing city, boasting 32% population growth since 2011. Situated in the market’s primary recreation node, Park Ridge offers unbeatable access to the area’s top retail and entertainment, including the 162-acre North Myrtle Beach Sports Complex and the east coast’s largest wake park next-door. Myrtle Beach’s rapidly expanding millennial and boomer demographic bases highlight the submarket’s unique ability to support unprecedented growth within the Build-to-Rent space, as skyrocketing home-ownership costs and limited supply continue to price prospective home-buyers out of the market. Delivering in 2023, the Class-A community will feature best-in-class finishes and amenities, appealing to the area’s established tenant base who desire the conveniences of single-family living without the burdens and increasing financing costs of ownership. Market comparables and submarket projections outline the property’s vast rent potential (almost $2,400 at first CO), and highlight incoming ownership’s opportunity to acquire a differentiated, high-quality asset at an extremely attractive basis.
...
Under Contract
Park Ridge
122 Units
Champions Blvd
Myrtle Beach, SC  29577
Posted: 7/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 194-unit Park Square and Townhomes @ Spartanburg, which can be acquired together or separately. Positioned less than a mile apart, the assets’ proximity to each other allows for portfolio synergy of shared operations in Spartanburg, SC. Each property directly benefits from the Upstate’s burgeoning economic growth, which has experienced over $5B in capital investments since 2022. Residents are provided streamlined access to the MSA’s top employers, including industry anchors BMW Plant Spartanburg, Inland Port Greer, and the Michelin Manufacturing Plant via I-26 and I-85. The surrounding area boasts impeccable market metrics, including above average rent growth (30%), rising home values (52% growth), and positive demographics ($64K HHI), in addition to top notch retail, including WestGate Mall, Market Square, and The Dorman Centre. Built in 1968 and 1974, both properties arrive to the market with a rare opportunity to implement Class-A finish levels and achieve $150 premiums, setting the communities in line with market comparables.
...
Park Square & Townhomes at Spartanburg (2 properties, 194 units)
Park Square
96 Units
1480 W.O. Ezell Boulevard
Spartanburg, SC  29301
Type:  Multifamily
Posted: 3/27/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Mauldin Heights & Parkview, a premier 130-unit apartment portfolio located in a bustling Mauldin, SC market. Both properties are situated downtown in an area experiencing rapid economic growth through the extension of the Swamp Rabbit Trail, downtown Mauldin’s City Center redevelopment and the new town center of BridgeWay Station. The Mauldin submarket continues to prove out its heightened multifamily desirability. Centrally located, the portfolio offers residents direct access via I-85 and I-385 to several Greenville County’s largest employers with over 135k jobs within a 20-minute drive and top retail centers like the Woodruff Road retail corridor, Mauldin Square, and downtown Greenville. Built in 1971 & 1974, each asset offers an exceptional opportunity to acquire a primed for value-add portfolio in an affluent and high growth Southeastern market.
...
Under Contract
Mauldin Heights & Parkview (2 properties, 130 units)
Parkview
50 Units
10 Moore Street, #55
Mauldin, SC  29662
Type:  Multifamily
Posted: 10/2/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Louisville 5 Portfolio - a collection of 1,460 units spread across five apartment communities in the Louisville, KY MSA. Eagles Eyrie, the in-town community, lies just 2 miles east of the highly desirable NuLu district. Three of the properties, including Partridge Meadows, Lyndon Crossings and Devonshire, are grouped in a half mile radius in the St Matthews/Lyndon submarket, 5 miles east of the city center. Boulder Creek can be found on the perimeter of the Louisville MSA in the affluent Jeffersontown suburb. Since development, the Louisville 5 have been managed and maintained by the original developer. This is the first ever opportunity to acquire these assets on the market, which are available as a Portfolio or on an individual basis.

Please note, all properties can be purchased as a portfolio or on an individual basis.

...
Louisville 5 Portfolio (5 properties, 1,460 units)
Partridge Meadows
Offers Due:  Wednesday, June 26, 2024
502 Units
8102 Four Winds Drive
Louisville, KY  40222
Type:  Multifamily
Posted: 5/22/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 25-acre, Peters Tract development opportunity located in Aiken, South Carolina. Situated adjacent to Aiken Elementary School, Peters Tract is approved for a 275-unit apartment community giving developers the chance to contribute to a 59-acre PUD. The land is positioned near the redevelopment of Aiken Mall, which will transition to a live, shop, play district that will spur future development in the coming years as new residents flock to the area. The submarket is attracting a stronger demographic base more than ever, with average household income of $93.9K, 70% White Collar Workforce, and 46% of residents hold a bachelor’s degree or higher within a 3-mile radius. Rental rates have surged over the past 5 years, realizing a 27% uptick. Peters Tract is poised to reward developers on a continued path of growth as vacancies trend downward and rental rates surge during the massive migration to the Sunbelt region.
...
Peters Tract Multifamily Development Site
24.78 Acres
Rinehart Way
Aiken, SC  29803
Type:  Land
Posted: 9/6/2023

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

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

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

Process & Pricing

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

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

...
Under Contract
Phillips Wendell Collection
   
3 Phillips Place
Cambridge, MA  02138
Posted: 3/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 747-unit Spartanburg Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in one of South Carolina’s most admired cities. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. Immediate areas surrounding the properties boast high average household incomes, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in this booming pocket of Upstate South Carolina. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in a high growth Southeastern market. Built from 1972-1986, the portfolio arrives to the market primed for a Class-A value-add campaign projecting average premiums of $200-$250.
...
Under Contract
Spartanburg 5 Portfolio (5 properties, 747 units)
Pine Lake Village
100 Units
180 South Pine Lake Road
Spartanburg, SC  29306
Type:  Multifamily
Posted: 7/26/2023
Pine Valley Apts
31 Units
195 Cannon Ball Loop
Branson, MO  65616
Type:  Multifamily
Posted: 5/1/2024

9.01-acre shovel ready site in Woodland Park

Approved development plan for 49 Townhomes & 20 Paired Patio Homes

Rare development opportunity with limited supply of rental and for sale products in the area

Existing stormwater retention available next to the site that serves the project and the larger Stone Ridge subdivision

Located within the desirable Stone Ridge development that has completed all the required parkland dedication & fees required by the city

3.52 acres of internal open space for resident and trail use

...
Pines at Stone Ridge
9.01 Acres
845 Research Drive
Woodland Park, CO  80863
Type:  Land
Posted: 4/29/2024

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire the Providence Portfolio, an exceptional 10-building multifamily portfolio totaling 159 units and 153,413 SF in the Federal Hill neighborhood of Downtown Providence.

This impressive portfolio was all built within the last two years and contains condo-quality finishes across the board. The portfolio presents an investor the ability to assemble economies of scale and operating efficiencies in one of the most desirable cities in the Northeast. All of the buildings are located within a 10 minute drive of each other as well as a plethora of restaurants, shopping, transit, and other neighborhood amenities.

Process & Pricing

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

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

...
Providence Portfolio
159 Units
1290 Westminster Street
Providence, RI  02909
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit, Puller Place apartment community located in Jacksonville, NC. This asset is situated in the rapidly expanding Jacksonville market, home of Camp Lejeune, the largest Marine Corps base in the U.S. Puller Place is in the most highly sought-after pockets of Jacksonville, just minutes from the most popular retail and entertainment corridor surrounding Jacksonville Mall. This rare opportunity provides investors access to an exceptional asset with a highly attractive demographic base. Incoming investors have the opportunity to acquire a high-quality asset with substantial growth potential, with the ability to grow annual revenue 21%+.
...
Puller Place
240 Units
100 Delaney Drive
Jacksonville, NC  28546
Type:  Multifamily
Posted: 4/12/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 747-unit Spartanburg Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in one of South Carolina’s most admired cities. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. Immediate areas surrounding the properties boast high average household incomes, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in this booming pocket of Upstate South Carolina. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in a high growth Southeastern market. Built from 1972-1986, the portfolio arrives to the market primed for a Class-A value-add campaign projecting average premiums of $200-$250.
...
Under Contract
Spartanburg 5 Portfolio (5 properties, 747 units)
Quail Pointe
100 Units
460 East Blackstock Road
Spartanburg, SC  29301
Posted: 7/26/2023
Click to access RCM Landing Page

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Class A Springfield, MO Mixed-Use Portfolio comprised of 158 apartment units and 137,935 SF (83,486 SF attributable to Farmer’s Park and Quarry Town) of commercial space. This institutional-quality portfolio is situated in the thriving Southeast submarket of the Springfield MSA, with quick access to major employers, local amenities, and outdoor recreation. The combination of top-of-the market, Class A multifamily, office, and retail assets represents an outstanding opportunity for the next investor to obtain a diverse investment at an attractive basis with strong, in-place organic growth.

...
Green Circle Portfolio (2 properties, 158 units)
Quarry Town
100 Units
4006 S Lone Pine Ave
Springfield, MO  65804
Type:  Multifamily
Posted: 3/25/2024
Cushman & Wakefield is pleased to present for sale, R7 Lofts, a 48-unit multifamily property located in the heart of Lowertown/Art’s District of Downtown St. Paul.

Newly converted to apartments in 2019, R7 Lofts is a historic, turn-of-the-century building offering oversized one, two, and three- bedroom loft-style luxury units. Each apartment is equipped with SMART technology features, has central air conditioning, custom shades and blinds, a designer lighting package, full-sized washer and dryer, stainless steel appliances, and quartz countertops.

The property also features high-end community amenities including a business center, car wash, fitness center, pet wash, roof deck, rooftop lounge, among others.

R7 is located in the Lowertown/Art’s District of Downtown St. Paul. A vibrant artists' quarter with a Walk Score of 97, residents at R7 Lofts are within walking distance to Lunds & Byerlys, dozens of breweries, restaurants, and CHS field. In addition, the property is close to the Mississippi River, major freeways, public transportation, and both St. Paul and Minneapolis’ Central Business Districts.

R7 Lofts represents a prime opportunity to acquire brand new, high-end apartments at a steep discount to replacement cost.

...
R7 Lofts
Offers Due:  Monday, June 10, 2024
48 Units
133 E 7th Street
St. Paul, MN  55101
Type:  Multifamily
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 284 unit Anderson Value-Add Portfolio, which can be acquired together or separately. Situated in Anderson SC, these three properties benefit from their idyllic location in the Upstate, SC, which has experienced over $5B in capital investments since 2022. Ideal proximity via I-85 provides direct accessibility to Anderson’s employment drivers, including AnMed Health Center, Anderson University, Bosch Corp, and Tectronic Industries, as well as the area’s top retail destinations. Strong fundamentals, including immense rental growth (20% projected through 2028), affluent demographics ($72K HHI) and a lack of supply (less than 110 units under construction) elevate the Anderson submarket. Built between 1964-2004, the Anderson Portfolio arrives to the market significantly below market competitors (+$400 below top comp), with a proven value-add program and the option to assume favorable, fixed rate debt as low as 3.68%.
...
Anderson 3 Portfolio (3 properties, 284 units)
Reaves Places
Offers Due:  Tuesday, June 18, 2024
32 Units
101-163 Reaves Place
Anderson, SC  29625
Type:  Multifamily
Posted: 5/22/2024

Cushman & Wakefield is pleased to present Red Rock Manor Apartments, an 18-unit multifamily apartment complex located in Central Manitou Springs. The property consists of sixteen 2 bed/1 bath units, one 1 bed/1 bath unit and one studio unit. Most of the 2 bed units offer spacious living areas and have undergone recent renovations. Investors have the ability to acquire a property of size that is conveniently located near Downtown Manitou Springs and is a rare multifamily investment opportunity where there is limited supply in the market.

This multifamily asset is ideally situated in the west side submarket of Manitou Springs. Its prime location, near outdoor recreation, dining & retail centers, provides a strong foundation for attracting and retaining quality long-term tenants. The attractiveness of this asset is magnified by the solid in place returns, flexible debt options and limited number of performing properties available in this market.

...
Red Rock Manor Apartments
18 Units
421-425 E Fountain Place
Manitou Springs, CO  80829
Type:  Multifamily
Posted: 9/13/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 258-unit Residences at the Overlook apartment community in Little Rock, Arkansas. This asset is situated in the premier West Little Rock submarket, highlighted by 4%+ YoY rent growth and market-leading renter profiles. Riding on the tailwinds of a major repositioning, the next investor has the rare opportunity to capitalize on in-place momentum with ample organic rent growth potential. Built in 1984, Residences at the Overlook offers immense upside in the heart of Central Arkansas’ leading submarket.
...
Residences at the Overlook
Offers Due:  Tuesday, June 18, 2024
258 Units
11300 Mesa Dr
Little Rock, AR  72211
Posted: 5/9/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±297.9-acre Reveille Master Planned Community located in Braselton, GA. Reveille will offer a blend of residential options, including townhomes, single-family homes of various lot sizes, and cottage homes. About ±90.5 acres of the site are envisioned for commercial uses, including grocers, home improvement stores, attractive fast-casual dining outparcels, medical office, self-storage, and more. The design of the community is influenced by New Urbanism principles, with an emphasis on walkable neighborhoods with green spaces and a live-work-play environment. Reveille is located just north of the renowned Chateau Elan, a luxury 3,500-acre resort featuring a world-class winery, golf courses, tennis courts, a spa, and multiple dining options. Hall County’s School District boasts high-performing K-12 public schools all within a 5-mile drive of Reveille. The highly trafficked I-85 North Corridor has seen an explosion in industrial development, attracting notable companies and employers to the region. The Reveille Master Planned Community presents an enthralling placemaking development opportunity 45 miles northeast of Atlanta.
...
Reveille Master Planned Community
Offers Due:  Tuesday, June 25, 2024
297.9 Acres
5601 Old Winder Hwy
Braselton, GA  30517
Type:  Land
Posted: 5/13/2024
Under Contract
Ridgecrest at Richfield
106 Units
3720 Knollridge Rd
Salem, VA  24153
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±3.24 acre multifamily development site located at the southwest corner of Rio Salado Parkway and Perry Lane in Tempe, across from Tempe Marketplace, a 1.3M square foot open-air shopping center with over 100 shops, restaurants and entertainment venues to choose from, including Barnes & Noble, Dave & Busters, Harkins Theatres, DSW, Michaels, PetSmart, RoadRunner Sports, Total Wine and Target, plus dining options such as Barrio Queen, King’s Fish House, Lucille’s Bar-B-Que, Portillo’s Red Robin, Genghis Grill, California Pizza Kitchen, Thirsty Lion and Twin Peaks. The Rio & Perry site is well positioned to take advantage of easy access to the nearby 101 and 202 freeways.
...
Under Contract
Rio & Perry Multifamily Development Site
3.24 Acres
Rio Salado Parkway & Perry Lane
Tempe, AZ  85281
Type:  Land
Posted: 9/13/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire the Rochester Crossroads Apartments, an approved 208- unit apartment complex located in Rochester, Massachusetts. The development will feature four (4), four-story buildings and a 3,123 SF single-story clubhouse with numerous amenities for residents. Other on-site amenities include a community garden, as well as a central courtyard area consisting of an outdoor pool patio area, playground, and grilling area.

The Rochester Crossroads Apartments are located on approximately 21.42 acres. Three hundred fifty-three (353) off street parking spaces (surface park) will be provided for tenants.

The development will consist of a mix of one-bedroom, two-bedroom and threebedroom units featuring granite or quartz countertops, stainless steel appliances and in-unit laundry. Fifty-two (52) of the apartments are designated as “affordable” through the 40R program. The affordable units will be rented to households earning less than the 80% Area Media Income.

Pricing & Process

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

...
Rochester Crossroads Apartments
208 Units
22 Cranberry Highway
Rochester, MA  02576
Type:  Multifamily