Cushman & Wakefield is thrilled to present the Springs Multifamily Portfolio, a highly attractive multifamily portfolio in Colorado Springs. This exceptional investment opportunity consists of 37 units spread across 9 multifamily assets, offering investors a chance to acquire a deal of size within the Springs market. The Springs Multifamily Portfolio presents an opportunity for investors to diversify their portfolio with assets in three different submarkets within Colorado Springs. The areas covered are the Sage properties on the desirable westside of the Springs, Scott Lane and Westmoreland properties on the north side near UCCS and the thriving eastside with the Bonnie Court properties. This value-add portfolio boasts a strong unit mix of mostly two-bedroom units and gives investors the opportunity to implement their value add strategy and bump current rates to market with minimal capital injection. Cushman & Wakefield is pleased to present this highly sought-after opportunity and welcomes interested investors to explore the Springs Multifamily Portfolio in further detail.
Limited Capex Needed: The Springs Multifamily Portfolio has a strong maintenance history, with three new roofs installed in the last year and significant unit upgrades have been undertaken, improving the overall quality, and attracting higher-quality tenants. Approximately half of the exteriors have also been newly painted, enhancing the visual appeal of the properties.
Submarket Fundamentals and Demand Drivers: Colorado Springs boasts robust submarket fundamentals and strong demand drivers in the multifamily sector. The western submarket offers residents convenient access to the Downtown, I-25, Garden of the Gods, and a diverse range of new retail developments. These factors contribute to high tenant demand, rentability and versatility within the market.
Prime Locations: The properties within the Springs Multifamily Portfolio offers residents a desirable combination of convenience and amenities, with easy access to key transportation routes and popular attractions. The proximity to retail, I-25, UCCS, Garden of the Gods ensures residents have access to a wide range of shopping, dining, and entertainment options.
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".
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..
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove at St. Andrews and Greenwood at Ashley River, two apartment communities totaling 902 units, which can be acquired together or individually. The two assets are situated in two of South Carolina’s most admired cities, Columbia and Charleston. The highly sought-after Dutch Fork and North Charleston submarkets are characterized by top-tier retail and sit in close proximity to some of the area’s largest economic drivers with over 115k jobs within a 20-minute drive from each property. The immediate areas surrounding the properties boast high HHI growth, majority white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets.
The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($5.3M+). Built from 1974-1984, the properties arrive to market with attractive loan assumptions offering interest rates well below current capital market levels and are primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $170+, and yield additional revenue for years to come.
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Lowe, a 135-unit, 2022-built apartment community located in the desirable Street Car District of downtown Savannah Georgia. Completed in 2022, The Lowe represents a top of the line asset that includes premium amenities and finishes, an ability to push second generation leases, and location that is directly in downtown Savannah’s path of growth. Situated downtown, residents of The Lowe benefit from proximity to the area’s most sought-after restaurants and retail.
Since the announcement of the largest economic development project in Georgia history, the Hyundai EV plant (8,500 jobs) has been the catalyst of 18K additional jobs announced over the last 18 months. The EV plant is estimated to have a 4.7x multiple effect through supporting industries (40K total job impact).
The Malt House is a 118-unit, boutique elevator multifamily property located in one of the fastest growing submarkets of downtown Milwaukee. The Malt House is positioned to capture demand from young urban renters, offering attainable rents relative to new-construction product with all the perks of Class A living - a model that is impossible to replicate today.
The Malt House was redeveloped in 2021, delivering an unmatched product in the rental market with an industrial aesthetic, luxury finishes and robust amenities. The property is positioned for more operationally focused ownership, as the market continues to show demand for this product type, with rents growing 6.8% on new leases and 5.3% on renewals since September.
EXTENSIVE RENOVATION OFFERED WELL BELOW REPLACEMENT COST
a. Current ownership underwent a 5-year conversion project, delivering the property to market in 2021
b. Unique industrial aesthetic with Class-A unit finishes including stainless steel appliances, white shaker cabinets, granite countertops, and white subway tile backsplash
c. Robust amenity package including atrium, co-working lounge, game room, fitness center, movie theatre room and rooftop deck
UNIQUE RENTAL PRODUCT CATERING TO YOUNG PROFESSIONAL TENANT BASE LOOKING FOR HIGH-END LIVING AT ATTAINABLE RENTS
a. Attainable rents offered at a 15% discount to Class A product in the submarket
b. Strong recent lease trade outs – 6.8% on new leases and 5.3% on renewals since September
c. Large floor plans – Average unit size 19% larger than comp set average
d. Top tier amenities comparable to new-construction product
ASSET IMMEDIATELY ADJACENT TO MASSIVE DEER DISTRICT PUD AND TOP DOWNTOWN MILWAUKEE DESTINATIONS
a. Deer District Development (since 2019) – 1.3b sf of entertainment, 1,000 residential units, 600 hotel keys and 200k sf of office space
b. Part of Brewery District Redevelopment – $300m investment across 16 repurposed historically significant buildings totaling 850k sf
c. Accessible to Marquette Campus (11,600 students), Iron District development ($160m in 2025), and Lake Michigan
a. Northwestern Mutual - $1b campus across two buildings and 5,000 employees
b. Six Fortune 500 HQs and additional six Fortune 1000 HQs
c. Walking distance to over 87,000 professionals in Milwaukee CBD
Cushman & Wakefield is pleased to present the opportunity to acquire The Millennium, a former hotel property that has been converted to 192 apartment units in Harford, CT. The 17-story building, located at 50 Morgan St, has a 380-space parking garage, 7,460 SF of ground floor retail space, and approvals to build out an additional 43 units on the second and third floor. The property boasts a robust amenity package for residents, including a brand-new fitness center, pool, leasing office, package room, game room, and movie theater.
Situated in the heart of Downtown Hartford, the property provides tenants with expansive views of the Connecticut River and easy access to all that the city has to offer. The site abuts Dunkin Park, home of the Hartford Yard Goats, and is walking distance to the XL Center, which hosts various concerts and events. Additionally, property is less than a mile away from the city’s best restaurants, including Salute, The Capital Grille, Max Downtown, and Trumbull Kitchen.
Pricing & Process
The Millennium is being offered without a formal asking price or joint venture structure. Once investors have had an opportunity to review the offering materials and tour the Property, Cushman & Wakefield will schedule a “Call for Offers.”