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
Cushman & Wakefield is pleased to present the Scottsdale Crossing redevelopment opportunity featuring approximately 3.60 acres located just north of the dynamic Kierland area.
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Scottsdale Crossing
   
7077 E Bell Rd
Scottsdale, AZ  85254
Posted: 4/19/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 320-unit Country Place & Shoreham apartment communities located in Albany, Dougherty County, Georgia. These assets are in the desirable northwest sector of Albany area along arterial corridors, Gillionville Rd & Dawson Rd, which provide convenient access to the market’s premier retail and major jobs hub. Built in 1981 & 1965-1968 respectively, Country Place & Shoreham represent an outstanding opportunity to invest in well performing, proven value-add assets with attractive assumable debt. With ~80% renovated units currently achieving $70 premiums, new ownership has the opportunity to push rents an additional $130+ through an elevated value-add program.
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Country Place & Shoreham (2 properties, 320 units)
Shoreham
Offers Due:  Tuesday, July 16, 2024
176 Units
2001 Dawson Road
Albany, GA  31707
Type:  Multifamily
Posted: 6/10/2024
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
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 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.
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Under Contract
Spartanburg 5 Portfolio (5 properties, 747 units)
Southern Pines
352 Units
350 Bryant Road
Spartanburg, SC  29303
Type:  Multifamily
Posted: 7/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Sovereign at Overland Park, a 250-unit, 2013-built apartment community located in resilient Overland Park, KS. Situated in the flourishing Johnson County submarket, which has 3.9% YoY rent growth, The Sovereign is strategically positioned adjacent to noteworthy outdoor recreation facilities, renowned local schools, and prime retail centers. Arriving to market on the tailwinds of strong financial performance, the asset provides the next investor with the rare opportunity to capitalize on in-place momentum with additional value add upside.
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Sovereign at Overland Park
250 Units
13310 Melrose Lane
Overland Park, KS  66213
Type:  Multifamily
Posted: 6/17/2024
Cushman & Wakefield’s Mid Atlantic Multifamily Group is pleased to offer Sphere Apartments, a newly constructed asset located adjacent to the dynamic Scott’s Addition/Diamond District. Sphere Apartments is squarely in the path of growth within Richmond, positioned between the established Fan District and high growth areas of Scott’s Addition and Downtown Richmond. The Property’s micro location is also seeing significant economic investment with Virginia Union University undergoing a $500MM redevelopment across the street which will continue to increase demand for rental apartments. The asset is in close proximity to the newly awarded Diamond District redevelopment which will bring an additional $2.44 Billion of economic development over the next 13-years fueling additional demand. Sphere Apartments features best-in-class finishes and amenities while also renting at a price point well below area competitors which will allow for outsized rent growth post stabilization. The Richmond MSA is one of the Mid-Atlantic’s best performing economic and apartment markets with fundamentals which greatly outpace other peer markets and primary markets. Sphere Apartments provides investors the ability to acquire a best-in-class asset in a high growth location with additional upside potential in the rents in one of the region’s most dynamic pockets.
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Sphere Apartments
224 Units
2005 Brook Rd
Richmond, VA  23220

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit, two-property portfolio of the landmark historic rehab project located in the heart of Downtown Jackson, Mississippi. The portfolio includes two iconic and historic mixed-use rehab buildings: the King Edward (64 units) and the Standard Life Flats (76 units with 3,123 of commercial SF). Located just five minutes from both I-55 and I-20, these properties are situated in a prime, high-visibility location for tenants seeking easy access to Downtown Jackson and beyond, including easy walkability to the Mississippi State Capitol building.

Built in 1922 & 1929, respectively, these properties represent an iconic fixture in the downtown Jackson skyline. Renovated in 2008 & 2010, respectively, the King Edward and Standard Life Flats portfolio offers an outstanding opportunity to invest in two adjacent historic mixed-use developments with significant market backed value-add potential supporting $150 - $200 premiums. With three commercial leases already in place, including the two cell towers atop the Standard Life building and a commercial tenant on the ground floor, and one vacant space on the ground floor left to lease, the next investor can expect to see a significant increase to bottom-line NOI via an increase in commercial revenue by targeting a high-quality, long-term tenant to fill the vacancy.

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King Edward & Standard Life Flats (2 properties, 140 units)
Standard Life Flats
76 Units
127 S Roach Street
Jackson, MS  39201
Posted: 6/3/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Summit Ridge Apartments, a 432-unit, 2001-built apartment community stationed in Lee’s Summit, MO, the most sought-after submarket in the state. Summit Ridge is attractively situated in the heart of thriving Lee’s Summit, MO, the fastest-growing city in the state. Encompassed by a growing set of economic employment drivers, retail, and entertainment venues, the area generates a significant demand for high-quality finish levels and amenity packages. With a sophisticated amenity package in place, the asset is primed to capitalize on in-place momentum and a market-proven value-add campaign, attracting an elite, affluent tenant base. Summit Ridge represents the rare opportunity to acquire an institutional quality, value-add asset in the high-growth Lee’s Summit submarket.
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Summit Ridge
Offers Due:  Tuesday, July 9, 2024
432 Units
701 NE Tudor Rd
Lee's Summit, MO  64086
Posted: 5/29/2024
Under Contract
Stillwater Value-Add Porfolio (4 properties, 289 units)
Tamarack Village Apartments
72 Units
625 E Redbud Dr
Stillwater, OK  74075

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire Tatnuck Brook Apartments, a 3-building, 54-unit apartment complex located in suburban Worcester, Massachusetts. Built in 1973, the property spans 2.13 +/- acres and features an attractive mix of twenty-one (21) one-bed and thirty-three (33) two-bedroom units.

Tatnuck Brook Apartments is ideally located in the Tatnuck neighborhood of Worcester, just outside of downtown. Known to be the one of the affluent neighborhoods in Worcester, residents benefit from access to a variety of retail and restaurant amenities as well as tremendous transit access. Tatnuck Brook Apartments offer residents phenomenal access to a plethora of transportation options – including interstates 90, 190, 290. Furthermore, the property is located less than 1.5 miles from Worcester Regional Airport.

The property offers tremendous value-add potential through unit renovations, improved community amenities, and general capital improvements throughout the complex. Rents at the property are approximately 50%+ below market, offering new ownership the opportunity to dramatically increase revenue through renovations.

Pricing & Process

Tatnuck Brook 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 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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Under Contract
Tatnuck Brook Apartments
54 Units
556-560 Mill Street
Worcester, MA  01602
Type:  Multifamily
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Test Retail
   
1234 Sesame Street
New York, NY
Type:  Shopping Center
Posted: 1/2/2024

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire The Alexandra, a former luxury hotel primed for redevelopment in Boston’s thriving South End neighborhood. The Alexandra is a once in a lifetime opportunity to develop a legacy project that will bring notoriety to the developer. It is a piece of Boston’s history and is highly anticipated by the neighborhood. The property is situated on a prominent, highly trafficked street corner and features Ruskinian Neogothic style with a richly patterned sandstone façade, strong window lines. The Boston Planning & Development Agency (BPDA) and South End Landmarks District Commission has approved the redevelopment of The Alexandra from a five-story building to a thirteen story, 70-unit condominium project with a gym, bike storage, rooftop terrace with adjoining amenity room and ground floor retail.

The Alexandra offers over 83,865 SF of redevelopment potential and is strategically located on the corner of two major Boston roadways Washington Street and Massachusetts Avenue. The property is within minutes to some of the city’s top dining destinations including Toro, Flour Bakery & Café, and Barcelona Wine Bar. Additionally, local neighborhood amenities are in close proximity by foot or public transportation, including Whole Foods, Starbucks, and boutique shopping & fitness destinations.

Process & Pricing

The Alexandra 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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The Alexandra
70 Units
1767 Washington Street
Boston, MA  02118
Posted: 5/9/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of, The Alton, a 348-unit multifamily development project in the Kansas City suburb of Independence, Missouri. The 10.062-acre site was formerly occupied by JC Penney and owned by special servicer LNR. It is strategically located adjacent to a Target-anchored retail center within the Independence/Blue Springs submarket, offering future residents’ convenient access to local amenities as well as a quick commute to downtown Kansas City. The area boasts strong demographics and the #4 ranked school district in all of Missouri. Kansas City’s multifamily market has stood tall against challenges experienced by many other markets across the US, and steady rent growth is forecasted well into the future. The Alton Multifamily Development Site presents an outstanding opportunity to invest in a quality Class A development in one of Kansas City’s most desired suburbs.
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The Alton
10.06 Acres
17610 E. Bolger Rd
Independence, MO  64055
Type:  Land
Posted: 5/28/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 372-unit portfolio of Kessler Point, The Arbors, and Azure Cove, located in Garden City, Chatham County, Georgia. Built in 1987 & 1990, these properties represent outstanding value-add opportunities that have been well-maintained, with over $5.98M spent on capital expenditures between previous and current ownership and $261 average-earned renovation premiums. These opportunities are accompanied by the Hyundai EV plant delivery in Q4 2024, bringing 8,500 direct jobs to the region and marks the largest economic development in Georgia history. The development has served as a catalyst for 18k additional job announcements and a predicted 4.7x multiplier effect in coming years: a 40K total job growth impact.
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Garden City 372 Portfolio (3 properties, 372 units)
The Arbors
108 Units
4035 Kessler Avenue
Garden City, GA  31408
Type:  Multifamily
Posted: 4/24/2024
Under Contract
The Block on A
   
147 W Fourth Street
South Boston, MA  02127
Type:  Residential

The Cushman & Wakefield Mid-Atlantic Single-Family Advisory Group is pleased to present The Cobham Portfolio located in Baltimore, MD. The Offering is comprised of 11 single-family rental units located throughout Baltimore City. The Portfolio is well positioned for an acute value-add business plan executing a leasing strategy to attract renters receiving housing vouchers and rental subsidies. Residents are afforded outstanding access to significant employers, education institutions, retailers, dining and entertainment in their respective neighborhoods. Major employers near the clusters in the portfolio include Johns Hopkins University (25,000 employees), Johns Hopkins Health System (19,340 employees) and MedStar Health System (6,027 employees).

The Cobham Portfolio contains 11 Baltimore City homes offering an investor the opportunity to acquire a value-add portfolio with ample room to increase rents, following light interior renovations, and implementing a voucher-driven leasing strategy, with market rents averaging $1,663 across the eleven properties.

Emerging as one of the most attractive asset classes to both institutional and private investors, Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include an average median rent of $1,700 per month for three-bedroom homes and Y-O-Y rent increase of almost 10%. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels..

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The Cobham Single-Family Portfolio
11 Units
522 E. 43rd Street
Baltimore, MD  21212
Type:  Single-family
Posted: 9/30/2022
The Coca-Cola Building
   
2525 Kirk Avenue
Baltimore, MD  21218
Type:  Land
Posted: 9/26/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Cooper, a 165-unit multifamily community located in the affluent pocket of Forest Acres in Columbia, SC. Built in 1970, this asset is strategically positioned in the ever-expanding Richland County, which boasted a record breaking $2.3B+ in capital investment announcements in 2023, bringing in 4.7k+ new jobs to the area. The immediate pocket surrounding the property boasts top-tier demographics ($90K avg. HHI, 83% college educated, 82% white-collar employment), as well as Grade-A schools and premier retail, including Fresh Market, Publix, and Trader Joe’s all just a mile away. Since acquiring the property in 2021, ownership has infused over $6.5M+ of capital, with most noteworthy expenditures including unit renovations, washer/dryer connections, and new roofing. Boasting out-sized floorplans (1,080 SF), there is a meaningful rent delta to top submarket competitors ($400+), which can be bridged organically in addition to capitalizing on the summer leasing season.
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The Cooper
Offers Due:  Wednesday, July 17, 2024
165 Units
4214 Bethel Church Road
Columbia, SC  29206
Posted: 6/12/2024

The Cushman & Wakefield Land Advisory Group is pleased to present The Coves at Lake Wylie, the last remaining large scale development opportunity within The Palisades master planned development. The site will be delivered at closing fully permitted for a 499-lot lakefront residential community, with approval of the Land Disturbance Permit (LDP) expected in Q3 of 2024.

Key Features Include:

  • Meticulously designed with a diverse product mix: 167 (50’) lots, 188 (40’) lots, 10 lakefront lots, 134 (24’ & 26’) townhome lots, and the opportunity to build an unmatched 3-acre lakefront amenity
  • Mitigated offsite improvements
  • The Palisades offers a wider range of amenities than any other neighborhood in Charlotte, as residents have access to a Jack Nicklaus designed golf course, sports complex, equestrian center, and more, all while being on the second largest lake in the Charlotte area
  • Convenient access to top schools, national retailers, grocers, fast-casual, & local favorite restaurants, all while only a 30-minute drive to Charlotte’s city center

The Coves at Lake Wylie is truly a unique homebuilding opportunity and one of the last of its scale still available in this explosive-growth city.

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The Coves at Lake Wylie
Offers Due:  Thursday, June 27, 2024
129.67 Acres
17440 Landover Rd
Charlotte, NC  27705
Posted: 6/5/2024