Cushman & Wakefield is pleased to present a unique opportunity to obtain a long-term, prepaid ground lease for a ±1.0 net acre, high density multifamily development site within Arizona State University’s Novus Innovation Corridor. This rare opportunity is for Parcel 3F located on the southwest corner of 6th Street and Packard Drive, immediately north of the University Avenue Light Rail Transit Station.

Novus Innovation Corridor is a 350-acre master planned, mixed use development planned for approximately 10 million square feet along Tempe Town Lake, including State Farm's 2.1-million-square-foot Marina Heights regional office. Strategically integrated with Arizona State University (ASU), wholly on university-owned land, Novus is managed by master developer Catellus, a national leader in the development of urban mixed-use communities.

Novus is a unique opportunity to develop the 21st century urban community on an infill canvas in the center of one of the nation's largest and fastest growing metropolitan areas. The development will include a variety of urban neighborhoods that feature office, retail, hospitality and residential activities, creating the potential to bring more than 30,000 new jobs and 5,000 new residents to the thriving Tempe community.

Tempe, one of the Phoenix area’s most dynamic environments, features a large, educated workforce of over 200,000 people, a diverse mix of major employers including State Farm Insurance, First Solar, Amazon, Microsoft, ZipRecruiter, Chase Bank, Edward Jones, Medtronic and Wells Fargo among others. In addition, Tempe offers major events at venues such asvASU Gammage, Tempe Town Lake, Tempe Center for the Arts and at the various ASU athletic facilities. Tempe is also recognized as being the most bikable and walkable community in the Phoenix area.

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Parcel 3F - Novus Innovation Corridor
1 Acres
NWC 6th Street & Packard Drive
Tempe, AZ
Type: Land
Posted: 9/23/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Park 35, a 304-unit multifamily asset located in the dynamic Decatur market. The property was built in multiple phases in 1965, 1973, and 2000, and has been well-maintained since the complete property renovation that occurred in 2000, which included the replacement of all roofs, windows, mechanicals, appliances, cabinets, countertops, and flooring in the original 1965 and 1973 phases. Current ownership has spent $1.8M+ in capital since acquisition in 2016; however, 100% of the unit interiors and the amenity package remain "untouched" from a value-add perspective since the 2000 renovation. Therefore, Park 35 represents a rare opportunity for an investor to purchase a well-located, quality asset with substantial value-add upside.
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Park 35
Offers Due:  Monday, October 21, 2019
304 Units
3529 Robins Landing Way
Decatur, GA  30032
Posted: 9/11/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Park Village apartment community located in Orange Park, Florida. The asset is situated in the desirable Orange Park submarket currently experiencing 10.2% YoY rent growth. Built in 1968, Park Village offers an outstanding value-add opportunity that would result in the ability to raise effective rents $281 and earn a 24% return on investment after implementation of the proposed value-add plan.

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Under Contract
Park Village
120 Units
741 Park Avenue
Orange Park, FL  32073
Posted: 5/1/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit, Parkridge apartment community located in Graham, North Carolina. Centrally located between two of the fastest growing markets, Piedmont Triad/Research Triangle, residents are provided convenient access to multiple metros by way of I-40/I-85. Graham is known for its blue collar workforce, although recent additions in the professional and financial service sectors currently outpace national rates and continue to diversify and grow the local economy. Located in the Burlington submarket, Parkridge can expect to see another $100 in organic rent growth along with a 12% increase in HHI by 2023. Built in 1974, this community recently received a capital infusion of over $700,000 in exterior improvements, including all new roofs on the property. Parkridge represents an outstanding opportunity to invest in a premier asset of its vintage with a proven value-add program that is currently achieving premiums of up to $120 over standard units.
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Parkridge
Offers Due:  Thursday, October 31, 2019
100 Units
1013 Townbranch Road
Graham, NC  27253
Type: Conventional
Posted: 9/26/2019
The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of two land sites totaling 13 acres located in Cincinnati, Hamilton County, OH. This asset is situated in the suburb of Fairfield.
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Patterson Place
13 Acres
5085 Pleasant Ave.
Fairfield, OH  45014
Type: Land
Posted: 6/27/2019

Peak 16 is a newly completed 233-unit, Class "A", podium-style luxury apartment community located near 16th Street and Camelback Road in the highly desirable Camelback Corridor area of Phoenix. Peak 16 is within close proximity to a variety of employment, shopping and entertainment venues and has immediate access to the State Route 51 and minutes away from notable employers such as Phoenix Children’s Hospital and Charles Schwab. Residents also benefit from close proximity to top-rated schools including "A" rated Madison Camelview Elementary, serving grades pre-school through 4th.

Peak 16 offers residents a resort-style lap pool and spa with cabanas, outdoor grilling stations, outdoor fireplaces in courtyard settings, a state-of-the-art fitness center, a clubhouse with WiFi in common areas, gaming area with a pool table and televisions, resident tech lounge and a 24-hour package locker system. Four elevators and climate controlled interior corridors provide convenient access to each unit.

Interior amenities include, wood-style plank flooring, modern kitchens with islands, stainless steel appliance package including gas cooktops, tile backsplashes, "French door" style refrigerators, modern cabinetry, quartz countertops, contemporary lighting, washer/dryers and private patios/balconies. Ceiling heights range from 9 to 25 feet throughout the community.

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Under Contract
Peak 16
233 Units
5151 North 16th Street
Phoenix, AZ  85016
Type: Conventional
Posted: 6/5/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Pearl Flagler Village – the premier midrise apartment community in the emergent Flagler Village neighborhood within Fort Lauderdale, Florida. Comprising 350 apartment homes, this 7-story multifamily building opened and began leasing in January 2019 and units have been quickly absorbed. The property is nearing the end of its lease-up – it is 83% leased and 73% occupied and is projected to stabilize by the end of December. With a 92 Walk Score the property has access to the rapidly expanding nearby amenities and the most active employment market in Broward County. Developed by Morgan Group, the property sets the standard for luxury apartment living with market leading finishes and amenities.

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Pearl Flagler Village
350 Units
400 NE 3rd Avenue
Fort Lauderdale, FL  33301
Posted: 9/13/2019

The Cushman & Wakefield St. Louis Capital Market's Team is pleased to offer for sale the 100% fee simple interest in the Pennant Building located at 1701 Locust Street in St. Louis, MO. The building is a premier multifamily/loft redevelopment opportunity positioned in the heart of Downtown St. Louis' "Loft District". As-is, the building contains 76,120 square feet consisting of four stories and a basement level with an additional 8,883 SF penthouse approved. A preliminary redevelopment plan includes 53 multifamily units, four live/work studios, and 36 garage parking spaces. A full set of plans has been approved and will be provided to the buyer.

Fueled by public and private investments, St. Louis is in the midst of a renaissance that is reigniting the growth and vibrancy of the downtown core. Over $8 billion has been invested in downtown since 2000 with $3 billion in development underway or proposed. Among these developments is St. Louis' highly anticipated MLS expansion team's proposed stadium, which is expected to drive significant investments in infrastructure in the surrounding area. The Pennant Building is located just three blocks from the MLS site, offering an exceptionally rare opportunity to acquire an historic building in an area poised for significant growth and long-term appreciation.

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Under LOI
Pennant Building
   
1701 Locust Street
St. Louis, MO  63103
Posted: 5/20/2019
Cushman & Wakefield’s Northern California Multifamily Advisory Group is pleased to present the exclusive opportunity to acquire the 4.48-acre SMART adjacent TOD site in downtown Petaluma, California (the “Property”). This premium development site is physically connected to the downtown Sonoma Marin Area Rail Transit (“SMART”) station as well as the Petaluma Transit Mall. The Property represents the rare chance to develop a legacy project and define the new transit district of a city while capitalizing on the increased renter demand the SMART service is anticipated to generate. The Property is one of only 3 catalyst sites in the TOD Master Plan and approximately 500 feet away from the Petaluma waterfront with all of downtown’s various amenities. This charming North Bay city, well known for its inviting and walkable downtown, enjoys an attractiveness to Bay Area renters who seek a more balanced quality of life and cost of living. As a result, Petaluma is experiencing solid multifamily fundamentals, with both annual effective rent growth and occupancy up considerably over the previous 2 years.
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Under Contract
Petaluma SMART Development
   
315 D Street
Petaluma, CA
Posted: 4/24/2017
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 82-unit Petersburg Place apartment community in Northwest Augusta, Georgia, in the desirable suburb of Columbia County. With a strategic location along busy Riverwatch Parkway within six miles of downtown Augusta, the property offers quick accessibility to major employment, health care and retail centers. Home to some of the state’s best schools, Columbia County benefits from strong demand and rent growth, bolstered by extreme barriers, which have fueled the success of the subject’s in-place upgrade program. Built in 1985, Petersburg Place’s overall market position has been elevated with recent capital investments of over $1M and offers investors more revenue-generating upside as interior upgrades are completed.
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Petersburg Place
Offers Due:  Wednesday, October 16, 2019
82 Units
3584 Riverwatch Parkway
Martinez, GA  30907
Type: Conventional
Posted: 9/18/2019
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Pines of Newpointe and Lynnbrook Forest, a 181-unit two property portfolio located in Virginia Beach, Virginia. Built in 1996 and 1985 respectively, the Properties are uniquely comprised of two and three bedroom rental flat style and townhouse units with modern unit layouts within one of the region’s strongest economies. Pines of Newpointe and Lynnbrook Forest are well maintained with significant capital invested including a refresh of original interior finishes. The Properties exhibit strong value-add fundamentals through in-unit renovation potential which can garner additional rent increases. Pines of Newpointe and Lynnbrook Forest’s location within Virginia Beach provides residents access to a significant amount of convenience retail and proximity to some of Hampton Road’s largest employers. Pines of Newpointe and Lynnbrook Forest’s exceptional location and unique construction type make it a rare opportunity to acquire two stable, cash flowing assets with additional upside in one of the strongest municipalities in the expanding Hampton Roads economy.
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Under Contract
Pines of Newpointe & Lynnbrook Forest (2 properties, 181 units)
Pines of Newpointe
125 Units
5510 Seawall Court
Virginia Beach, VA  23462
Posted: 1/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Sunset 3 Portfolio - three assets with recent capital improvements in Austell, GA and Douglasville, GA. The Sunset 3 Portfolio represents the opportunity to immediately establish a strong investment platform in the expanding I-20 west growth corridor of Atlanta. Well-situated with access to major economic drivers, Forest Glen, Stewart’s Mill, and Place at Midway are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Sunset 3 Portfolio (3 properties, 652 units)
Place at Midway
200 Units
2281 Midway Road
Douglasville, GA  30135
Type: Conventional
Posted: 9/16/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
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Under Contract
TN Value-Add 5 Portfolio (5 properties, 667 units)
Poplar Village
101 Units
1414 Poplar Avenue
Murfreesboro, TN  37129
Type: Conventional
Posted: 6/27/2019
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer for sale Princeton 248 a 190-unit fully approved development site in Princeton, a growing submarket in the South Dade area of Miami. The development site sits on 5.6 acres or 243,789 square feet. The site is fully entitled totaling 190 units and is divided into two phases. Phase 1 will have 62 Units (Four 2-story garden-style buildings and nine townhouses) while Phase 2 will have 128 units (within two 5 and 3-story buildings). The site is located near the Bus Rapid Transits System. The $243 million system will create the county’s first “rapid-transit” bus system, using dedicated lanes with stations and vehicles designed to mimic the convenience of rail service. The 20-mile system connecting the Dadeland South Metrorail station to Florida City will have a bus stop located at SW 248 Street and Dixie Highway. The Bus Rapid Transit (BRT) system could be functional by 2022. Click here for more details.

Click here to view more information on project plans.

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Princeton 248
5.6 Acres
NW Corner of SW 248 St & SW 128 Street
Princeton, FL  33032
Type: Land
Posted: 9/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 362-unit Cartersville Portfolio located in Cartersville and Adairsville, Bartow County, Georgia. These assets are situated in rapidly-expanding northwest suburban Atlanta with proximity to the prolific I-75 accelerated growth corridor. Built in the early to later 2000s, these nine sets of properties represent a rare opportunity to establish a substantial investment footprint in one of Atlanta’s northwest expansion areas where the population is projected to increase by 30% through 2050.
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Cartersville Portfolio (9 properties, 362 units)
Princeton Avenue Townhomes
10 Units
31 Princeton Avenue
Adairsville, GA  30103
Posted: 5/22/2019
Well-Maintained Asset with Updated Amenities

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Princeton Parc, a 200-unit, value-add garden community in West Melbourne, Florida. Completed in 2003, the property features a two-story, concrete block design with direct access units. The property features some of the largest floorplans in the submarket at 1,154 square feet on average. Princeton Parc’s location within West Melbourne is a magnet for employees working in the growing aerospace and tech space. The property is less than one mile from I-95 and provides a short commute to the area’s largest employers including Health First, Harris Corporation, Northrop Grumman, Lockheed Martin and Patrick Air Force Base.

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Princeton Parc
200 Units
4714 Crosswind Court
Melbourne, FL  32904
Posted: 8/7/2019
Cushman & Wakefield, as exclusive Advisor, is pleased to present the Promenade at Carillon, an exciting value-add investment opportunity in the heart of the Gateway employment district in St. Petersburg, Florida. The property is centrally-located within the prestigious Carillon Park consisting of 3.2 million+ of office space. Promenade residents live within minutes of multiple Fortune 500 employers, a 145,000 sf Wellness Center and a 227-room, four-star hotel.
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Promenade at Carillon
334 Units
540 Carillon Parkway
St. Petersburg, FL  33716
Type: Conventional
Posted: 8/29/2019
Rancho Verde Apartments
7.48 Acres
SWC North 67th Avenue & West Alice Avenue
Peoria, AZ  85345
Type: Land
Posted: 9/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ravenwood Hills - a 112-unit apartment community in Columbia, SC. Located in the popular neighborhood of Forest Acres the property provides an opportunity for a remarkable, market-supported value-add program with a current rent runway average of $330. The property is barbelled by employment centers and surrounded by premium single family homes and top-notch retail. Ravenwood Hills is firmly positioned in East Columbia - a submarket equipped with high forecasted rent growth in an MSA characterized by diminishing multifamily supply and significant job expansion.
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Ravenwood Hills
112 Units
4215 Bethel Church Road
Columbia, SC  29206
Type: Conventional
Posted: 2/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Regency Woods apartment community located in Pascagoula, MS. Regency Woods has been REIT-operated for the last decade and offers immediate yield and cash flow for the next investor. Located advantageously near top retail destinations and upcoming new jobs (2,000+), the next investor will have the opportunity to push rental rates. Built in 1974 and renovated in the early 2000’s, the timing is right to begin an updated round of upgrades and ownership has achieved $75 premiums on 8 units so far with heavy demand.
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Regency Woods
Offers Due:  Tuesday, October 8, 2019
184 Units
4800 Long Ave
Pascagoula, MS  39581
Type: Conventional
Posted: 9/10/2019

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to announce the opportunity to acquire the 275-unit value-add apartment community located in Daytona Beach, Florida - Ridgecrest Park. Built in 1967, Ridgecrest Park offers an outstanding value-add opportunity to capitalize on a well-maintained community with 45 year ownership in a class "B" location with ability to raise rents over $272 through interior and common area renovation enhancements.

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Ridgecrest Park
Offers Due:  Thursday, October 10, 2019
275 Units
1400 South Nova Road
Daytona Beach, FL  32114
Type: Conventional
Posted: 9/7/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
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Under Contract
TN Value-Add 5 Portfolio (5 properties, 667 units)
Ridgeside
148 Units
6320 Hixson Pike
Hixson, TN  37343
Type: Conventional
Posted: 6/27/2019

11 Properties | 144 Units | In the Epicenter of East Broward County

The 11 properties are offered as a portfolio or individually

    Cushman & Wakefield, as exclusive marketing advisor, is pleased to present East Fort Lauderdale & Wilton Manors portfolio, a 144-unit in east Broward County of the neighborhood that include Coral Ridge, Fort Lauderdale, Wilton Manors and Victoria Park. The units average 648 square feet with almost 50% 2 or 3 bedrooms. The units are 96.5% occupied. The portfolio offers significant upside by first resetting rents to current market rent levels and second by implementing an in-unit renovation program. Such strategy can grow rents by almost $200 above current levels. The properties are being offered as a portfolio or individually.
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East Ft. Lauderdale & Wilton Manors Portfolio (11 properties, 144 units)
River Bend
16 Units
247 Nugent Ave
Fort Lauderdale, FL
Posted: 10/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 192-unit River Park apartment community located in McComb, MS. McComb, located along I-55 and centralized amongst key MSAs, is a budding regional retail hub with nearly 2 million square feet and major big box stores. River Park is part of an upcoming major mixeduse project that is taking shape at the I-55/Hwy-98 interchange, which will feature grocery, retail, office, and flex space. Built and delivered in late 2015, the subject property offers a Class A asset below replacement cost with an outstanding collections trend. The next investor will also benefit from long-term HUD debt that will boost cash-on-cash returns.
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River Park
192 Units
1328 Parklane Road
McComb, MS  39648
Type: Conventional
Posted: 2/25/2019