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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.

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Green Circle Portfolio (2 properties, 158 units)
Quarry Town
Offers Due:  Wednesday, May 8, 2024
100 Units
4006 S Lone Pine Ave
Springfield, MO  65804
Type:  Multifamily
Posted: 3/25/2024
Coming Soon
R7 Lofts
48 Units
133 E 7th Street
St. Paul, MN  55101
Type:  Multifamily

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.

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Red Rock Manor Apartments
18 Units
421-425 E Fountain Place
Manitou Springs, CO  80829
Type:  Multifamily
Posted: 9/13/2023
The Cushman and Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit Resia Hutto Square apartment community located in Hutto, Williamson County, Texas. Completed in 2023, Resia Hutto Square represents an outstanding opportunity to acquire a premier asset positioned adjacent to a preeminent location for public and private investment. The alluring asset is situated seconds from the new 35-acre mixed-use Hutto Co-Op District and minutes from Samsung's $25B semiconductor facility. The community stands to benefit from the tsunami of investment targeting the Highway 130 corridor in addition to the existing employment hubs.
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Resia Hutto Square
204 Units
550 Exchange Blvd
Hutto, TX  78634
Type:  Multifamily
Posted: 1/16/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Retreat at Greystone, a 312-unit, 2014 built asset, located in Birmingham’s premier suburban submarket of Greystone. Retreat at Greystone is an institutional quality asset boasting large floor plans, home style design, and luscious green-space amenities, positioning itself as the premier asset within the Greystone neighborhood.

The property boasts impressive historic economic growth with strong in-place renewals (6% over last 10 renewals). The Greystone neighborhood ($520K avg home value) presents an excellent rental demographic ($113K avg HHI), located just minutes away from top metro destinations. Located off US HWY 280 (59K VPD), at the intersection with HWY 119, the Retreat at Greystone offers tenants a premier location, adjacent to the newly delivered Tattersall Park mixed-use development, as well as 2M SF+ of retail within 2 miles of the property. Retreat at Greystone’s location is truly irreplaceable, offering quick and convenient access to the corridor’s top retail and office destinations such as The Summit (1M+ SF Class ‘A’ retail), Colonnade Town Center (700K Class A Office), and the newly completed Grandview Hospital (9K+ jobs). Retreat at Greystone offers the next investor the opportunity to acquire a top-of-the-line asset within a burgeoning submarket, well below replacement cost.

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Retreat at Greystone
312 Units
201 Retreat Drive
Birmingham, AL  35242
Type:  Multifamily
Posted: 11/2/2023
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.
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Under Contract
Rio & Perry Multifamily Development Site
3.24 Acres
Rio Salado Parkway & Perry Lane
Tempe, AZ  85281
Type:  Land
Posted: 9/13/2021
The Cushman & Wakefield Student Housing Team, in conjunction with the Pyramid Brokerage Company (a member of the Cushman & Wakefield Alliance), is pleased to present the exclusive listing of the 161-unit, 506-bed Riverview Collegiate Housing apartment community located in Rochester, NY. The property has been master-leased by the University of Rochester since its construction in 2008. The university has recently exercised its third 5-year option, which commences on 9/1/24. There is one remaining 5-year option available, commencing on 9/1/29 and terminating on 8/31/34.
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Coming Soon
Riverview Collegiate Housing
161 Units | 506 Beds
1236 S Plymouth Ave
Rochester, NY  14611
Type:  Multifamily
Posted: 4/8/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit Rivoli Run & Park at Northside apartment communities located in Macon, Bibb County, Georgia. These assets asset is situated in the premier North Macon submarket, surrounded by top line retail including Fresh Market, Wesleyan Station (Kroger and Starbucks) and The Shoppes at River Crossing (Dick’s, Dillard’s, and Barnes & Noble), with direct access to downtown Macon, I-75, Wesleyan College and one of the largest medical centers in Macon (Piedmont Macon North). Built in 1995 & 1975 respectively, Rivoli Run & Park at Northside represent well-designed properties that offer an outstanding value-add opportunity with current rents achieving $100+ in renovation premiums over classic units and an opportunity for $190+ total blended premiums through full-scale renovation. Both properties have undergone $1.1M+ of exterior and interior capital expenditures, which include landscaping, amenity enhancements, signage, asphalt seal/restripe and interior upgrades.
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Under Contract
Rivoli Run & Park at Northside (2 properties, 380 units)
Rivoli Run
188 Units
200 Charter Lane
Macon, GA  31210
Type:  Multifamily
Posted: 10/3/2023

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”.

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Rochester Crossroads Apartments
208 Units
22 Cranberry Highway
Rochester, MA  02576
Type:  Multifamily
Rockwell Terrace
60 Units
520 N Rockwell Ave
Oklahoma City, OK  73127
Type:  Multifamily
Ronald McDonald House Charities
   
4373-81 West Pine
St. Louis, MO  63108
Type:  Mixed-use
Posted: 3/25/2024

Cushman & Wakefield is pleased to present the opportunity to acquire the Roseland & Frost Collection, a six building 23 unit residential portfolio ideally located in Porter Square in the heart of Cambridge, Massachusetts. The portfolio totals 42,027 GSF and 23 units. The properties vary from a single-family home to an 8-unit apartment building. Across the six properties is a total of 1.02 acres of land.

The buildings in the Roseland & Frost Collection are situated in one of the most highly desirable metro areas 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 Frost Street and Roseland Street, the buildings are within a 10-minute walk of the Porter Square MBTA Red Line station, as well as the campuses of Harvard and Lesley University.

Process & Pricing

The Roseland & Frost 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 Roseland & Frost Collection as a single portfolio, sub-portfolios or individual properties.

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Roseland & Frost Collection
23 Units
28 Roseland Street
Cambridge, MA  02140
Type:  Multifamily
- 8% In-Place Cap Rate. - Great investment opportunity with immediate cash flow, also primed for an owner occupant. - Properties are also available to be purchased individually. Royal Crest Portfolio is an exciting opportunity comprised of 12 units located in the Southwest submarket of Pueblo, CO. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from its close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park allow new coming residence to feel right at home. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s longterm value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.
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Royal Crest Portfolio
12 Units
37, 43 & 49 Royal Crest Drive
Pueblo, CO  81005
Type:  Multifamily
Contact CW Team for NDA and Additional Information Demogrpahics Avg. Income 1-Mile - $137,000 Avg. Home Value 1-Mile $420,000 Traffic Counts I64 - 160,000 VPD I170 - 94,000 VPD Brentwood Blvd. - 33,000 VPD
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Saint Louis Galleria South Lot
   
1201 South Brentwood Blvd.
St. Louis, MO  63117
Type:  Land
Posted: 10/19/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 70-unit Salem Terrace apartment community located along the I-20 manufacturing corridor in Covington, Newton County, Georgia. This asset sits within a well-performing multifamily submarket, which as demonstrated excellent rent and occupancy trends during the past decade. Built in 1977, Salem Terrace arrives to market with ample rent upside and a proven value-add initiative in place.
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Under Contract
Salem Terrace
70 Units
3400 Salem Road
Covington, GA  30016
Type:  Multifamily
Posted: 10/24/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 31.02 acres positioned along Texas State Highway 123 in rapidly growing San Marcos. The offering consists of a shovel-ready multifamily parcel programmed for 288 units and a single-family parcel conceptually designed for 54 lots. The site's location provides tenants with immediate access to many employment centers, restaurants, retailers, schools, and natural amenities that provide a superior quality of life for future tenants and home owners. The investment opportunity is further heightened by positive submarket fundamentals, the result of the continued influx of capital and residents to the greater San Marcos area, that will bring significant returns for investors over the coming years.
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Under LOI
San Marcos Land
17.68 Acres
3625 Guadalupe Street
San Marcos, TX  78666
Type:  Land
Posted: 11/17/2023
Under Contract
Savannah Pointe
137 Units
6134 N MacArthur Blvd
Warr Acres, OK  73122
Type:  Multifamily
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is delighted to introduce the exclusive listing of Signal Hill, a 122-unit community situated in Statesville, NC. This property enjoys immediate access to both interstate I-77 and I-40, positioning it strategically amidst three thriving economic centers: Charlotte, Winston Salem, and Greensboro. Nestled within the Mooresville/Statesville submarket, Signal Hill provides convenient proximity to major retailers, an emerging historic Downtown area, and upcoming economic development. Built in 1974, Signal Hill arrives to the market primed for new ownership to implement an attractive value-add campaign. With $150+ rental premiums, the property possesses the potential for organic growth and an additional 16% increase in Net Rental Income over the T12.
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Signal Hill
122 Units
138 Signal Hill Drive
Statesville, NC  28625
Type:  Multifamily
Posted: 10/5/2023

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present for sale the Silverbrick Portfolio (Silverbrick Square & Silverbrick Lofts), a unique opportunity to acquire a five-building portfolio located in Springfield, Massachusetts. The Silverbrick Portfolio features 380 recently renovated units and 14 retail units in the heart of downtown Springfield.

The portfolio is conveniently located in downtown Springfield, the economic center of Western Massachusetts. These luxury buildings feature recently renovated units with architectural details such as exposed bricks, reclaimed wood beams, arched windows, and high ceilings. Residents benefit from a substantial employment base as some of the region’s largest corporate headquarters are located in Springfield, including MassMutual, one of the largest fortune 500 companies in the Commonwealth. The portfolio is short walk from dining, shopping, museums, & transportation and is adjacent to the MGM Springfield Casino, boasting the largest gaming floor in Massachusetts. Visitors from all over New England are also drawn to the area to experience Six Flags New England and The Big E (the Eastern States Exposition). These local attractions create a strong employment base and generate substantial tourism leading to the growth of Springfield and surrounding towns.

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

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SilverBrick Portfolio (2 properties, 380 units)
Silverbrick Lofts
266 Units
15 Taylor Street
Springfield, MA  01103
Posted: 5/10/2022

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present for sale the Silverbrick Portfolio (Silverbrick Square & Silverbrick Lofts), a unique opportunity to acquire a five-building portfolio located in Springfield, Massachusetts. The Silverbrick Portfolio features 380 recently renovated units and 14 retail units in the heart of downtown Springfield.

The portfolio is conveniently located in downtown Springfield, the economic center of Western Massachusetts. These luxury buildings feature recently renovated units with architectural details such as exposed bricks, reclaimed wood beams, arched windows, and high ceilings. Residents benefit from a substantial employment base as some of the region’s largest corporate headquarters are located in Springfield, including MassMutual, one of the largest fortune 500 companies in the Commonwealth. The portfolio is short walk from dining, shopping, museums, & transportation and is adjacent to the MGM Springfield Casino, boasting the largest gaming floor in Massachusetts. Visitors from all over New England are also drawn to the area to experience Six Flags New England and The Big E (the Eastern States Exposition). These local attractions create a strong employment base and generate substantial tourism leading to the growth of Springfield and surrounding towns.

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

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SilverBrick Portfolio (2 properties, 380 units)
Silverbrick Square
114 Units
122 Chestnut Street
Springfield, MA  01103
Posted: 5/10/2022

Skyline Towers is a 60-unit, boutique elevator multifamily property located in one of the fastest growing submarkets in the Midwest. Offering large floorplans and underground parking, Skyline Towers is positioned to capture demand from modern renters looking for homelike living with the convenience of renting.

Skyline Towers was developed in 2017, delivering an unmatched product in the rental market. The property is now positioned for more operationally focused ownership, taking advantage of unrealized supplemental income while continuing to ride the wave of outsized rent growth in the Kenosha submarket.

Capture Operational Upside

Improve operations by capturing nearly $50,000 of additional annual income by charging market standard fees for parking and storage.

Booming Kenosha Job Market

Over 8,000 jobs added since 2010 through major corporations such as Amazon, Uline, Kroger, Haribo, and Nexus. There is another 4.5 MSF of industrial development projected to bring 1,000 more jobs to the area.

Assumable Debt with Term

The acquisition of Skyline Towers offers attractive assumable agency debt at 4.79% maturing in September 2030. The current loan balance is in line with today’s market loan to value.

Fundamentals Poised for Strong Rent Growth

Area home values have increased 11.2% in the past year averaging $447,500, making homeownership even less attainable in today’s rising interest rate environment. Skyline Tower’s average rent is only 18.5% the average area income of $101,437. With only 133 units under construction in the submarket, the asset its poised for outsized rent growth.

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Under Contract
Skyline Towers Apartments
60 Units
9511 81st St
Kenosha, WI  53158
Type:  Multifamily
Posted: 10/9/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Skyview Commons apartments located in Jeffersontown, Jefferson County, KY. This community encompasses eight buildings that are dispersed across three property addresses, all within a 1.3 mile radius. Just 15 minutes from the heart of Louisville, Skyview Commons is strategically located near primary arteries, providing quick access to major employers including GE Appliance Park, UPS Worldport and Ford Assembly Plants. Additionally, the property lies adjacent to two major industrial parks, Bluegrass Commerce Park and Blankenbaker Station Business Park. The average household income of Jeffersontown is $98K, which demonstrates the affluence of the area as well as ample high-paying employment opportunities and white-collar jobs.
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Skyview Commons
120 Units
9907 Grassland Drive
Jeffersontown, KY  40299
Posted: 7/11/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit South Pointe at Wayside apartment community located in Raeford, North Carolina. Built in 2023, this newly constructed asset grants residents access to top-of-the-market amenities and Class A finishes designed to cater to the predominant white-collar workforce in the area (60%). Ideally located with direct access to Fort Liberty’s 67,000+ job opportunities and additional 9,000+ jobs within the premier Healthcare Corridor, the property is strategically positioned near the region’s top employers and retail options. South Pointe at Wayside offers new ownership the chance to invest in a high-performing asset that has showcased an impressive lease-up performance, averaging 17 move-ins per month from March to January. Surrounded by a limited supply pipeline coupled with an anticipated 6,000 new residents by 2027 and proven rent growth of 25.4% since 2021, new investors have an extraordinary opportunity to capitalize on the property’s future growth as it enters its second generation of leasing.
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Under LOI
South Pointe at Wayside
192 Units
1002 South Pointe Drive
Raeford, NC  28376
Type:  Multifamily
Posted: 2/5/2024