THE LAST REMAINING OPPORTUNITY IN MIAMI WORLDCENTER

Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer a land sale or joint venture opportunity in the development of the middle and western portion of Block A of Miami Worldcenter (the “Offering”), the 2nd-largest active urban mixed-use project in the United States. This represents the last remaining available block within Miami Worldcenter. Phase 1 of this iconic, city-shaping development is currently under construction and will include 320K sf of retail, over 2,000 hotel keys, 600k sf of convention space, 500k sf of office space and over 1,900 residential units. Block A, “the Opportunity”, encompasses approximately 2.18 acres, with the base development capacity of nearly 1,100 residential units and 1.7 million square feet.
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Miami Worldcenter Block A
1100 Units
1000 NE 1st Avenue
Miami, FL  33132
Posted: 10/11/2019

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale Michael’s Landing, a newly constructed, 68-unit apartment community in the highly desirable Lynnfield, MA.

For Additional Due Diligence information please execute the Confidentiality Agreement at: https://my.rcm1.com/handler/FindProfile.aspx?pv=Mylw2ITKUvYlomehT-x-8LZHfH2OcA_IQsdWj6_YUJei5wC0kQriFHOryrjszzYC

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Michaels Landing
68 Units
2 Broadway
Lynnfield, MA  01940
Type: Conventional
Posted: 2/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 620-unit Montgomery 4 Portfolio located in Montgomery, AL. Benefitting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create an additional 1,200 jobs to build a new light truck model in Montgomery. Targeted capital has improved the physical plant and helped boost collections across the portfolio. Built between 1971-1974 the Montgomery 4 portfolio offers an outstanding opportunity to invest well-maintained assets with major value add potential.
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Montgomery 4 Portfolio (4 properties, 620 units)
Midtown Oaks
244 Units
3543 Carter Hill Road
Montgomery, AL  36111
Posted: 1/12/2021
Mission Springs Apartments is a 306-unit two-story garden style complex built in 1987. It is composed of twenty-five buildings including a stand-alone office. The property is strategically located in the dynamic, yet affordable area of South Tempe. Mission Springs Apartments offers a well-designed attractive product at an affordable price point with modern touches for prospective residents.
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Under Contract
Mission Springs
306 Units
1311 West Baseline Road
Tempe, AZ  85283
Type: Conventional
Posted: 10/16/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Modera Metro Dadeland (the “Property”) – a transit-oriented, urban infill 25-story high-rise located in Miami, Florida, with tremendous walkability and regional connectivity via access to the Metrorail.

Developed by nationally recognized Mill Creek Residential, Modera Metro Dadeland was completed in 2018 and is comprised of 422 luxury apartment homes. The Property was meticulously designed to provide residents elegant unit features and expansive amenity space. Thus, it has attracted a sophisticated demographic with an average age of 38 and average household income of $147,000.

Modera Metro Dadeland’s quality energy efficient construction with LEED Silver Certification and irreplaceable location position the property for long term, sustainable cash flows in a rapidly growing market.

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Modera Metro Dadeland
422 Units
8215 SW 72nd Avenue
Miami, FL  33143
Posted: 5/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 45-unit, Monarch apartment community located in Durham, NC. Built in 1965, the property recently completed high-end unit turns, providing investors with a competitive asset at a discount to replacement cost. The surrounding market indicates that potential investors can take the current mid-tier renovations a step further with the opportunity to boost NOI by over 61% through implementation of an enhanced value add program. As Downtown Durham continues to revitalize its infrastructure, this quality, low maintenance asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/ Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.
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Under Contract
Monarch
45 Units
1001 Ruby Street
Durham, NC  27704
Posted: 1/12/2021
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire Montgomery 7 (the "Property"), a high-density transit-oriented development site located in a Qualified Opportunity Zone ("OZ") in San Jose, California. Situated steps from Google’s future Transit Village at Diridon Station, the Property benefits from immediate proximity to the ±8 million square feet of Class-A improvements and 25,000 high paying jobs expected at this transformative urban redevelopment. The Property is located within the Downtown Employment Priority Area overlay, providing an investor the opportunity to develop up to 344 multifamily units.
Montgomery 7’s strategic access to the most innovative companies in the world has positioned its neighborhood as Silicon Valley’s top income growth submarket. Median household incomes in Diridon area are forecasted to grow 20% by 2024 while the number of local households with annual incomes greater than $150,000 is expected to grow 43% during this same time. As a fully-amenitized community located adjacent to Diridon Station, the Property will offer the high end, transit-oriented living experience critical to attracting the region’s most affluent renters.
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Under Contract
Montgomery 7
0.43 Acres
543-565 Lorraine Avenue
San Jose, CA  95110
Type: Land
Posted: 10/7/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group, in conjunction with the Equity, Debt & Structured Finance team, has been exclusively retained by Middleburg Communities (the "Sponsor") to arrange a joint venture equity investment for the recapitalization of a three-property, 932-unit multifamily portfolio (the "Portfolio" or "Properties") located in the Sunbelt. The Sponsor constructed the Properties from 2017-2020 and will have successfully leased and stabilized the assets at the time of closing. The Portfolio represents an exceptional opportunity to invest in a well-positioned, geographically diverse multifamily portfolio. The Sponsor is looking to repatriate equity and is seeking a JV partner to recapitalize the Portfolio on a 90/10 basis for an investment of approximately $66 million. The Portfolio will serve as a catalyst for the Sponsor to create a new, long-term relationship with an institutional partner.
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Mosby Portfolio (3 properties, 932 units)
Mosby Carolina Forest
332 Units
915 Brentmoor Drive
Myrtle Beach, SC  29579
Posted: 5/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group, in conjunction with the Equity, Debt & Structured Finance team, has been exclusively retained by Middleburg Communities (the "Sponsor") to arrange a joint venture equity investment for the recapitalization of a three-property, 932-unit multifamily portfolio (the "Portfolio" or "Properties") located in the Sunbelt. The Sponsor constructed the Properties from 2017-2020 and will have successfully leased and stabilized the assets at the time of closing. The Portfolio represents an exceptional opportunity to invest in a well-positioned, geographically diverse multifamily portfolio. The Sponsor is looking to repatriate equity and is seeking a JV partner to recapitalize the Portfolio on a 90/10 basis for an investment of approximately $66 million. The Portfolio will serve as a catalyst for the Sponsor to create a new, long-term relationship with an institutional partner.
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Mosby Portfolio (3 properties, 932 units)
Mosby Ingleside
312 Units
3730 Ingleside Boulevard
Ladson, SC  29456
Type: Conventional
Posted: 5/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group, in conjunction with the Equity, Debt & Structured Finance team, has been exclusively retained by Middleburg Communities (the "Sponsor") to arrange a joint venture equity investment for the recapitalization of a three-property, 932-unit multifamily portfolio (the "Portfolio" or "Properties") located in the Sunbelt. The Sponsor constructed the Properties from 2017-2020 and will have successfully leased and stabilized the assets at the time of closing. The Portfolio represents an exceptional opportunity to invest in a well-positioned, geographically diverse multifamily portfolio. The Sponsor is looking to repatriate equity and is seeking a JV partner to recapitalize the Portfolio on a 90/10 basis for an investment of approximately $66 million. The Portfolio will serve as a catalyst for the Sponsor to create a new, long-term relationship with an institutional partner.
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Mosby Portfolio (3 properties, 932 units)
Mosby Poinsett
288 Units
6001 Hampden Way
Greenville, SC  29609
Type: Conventional
Posted: 5/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Mosby University City, a 309-unit newly built apartment community located in Charlotte, NC. The property is ideally situated in the University City submarket of Charlotte. This booming submarket is highlighted as one of Charlotte’s largest employment centers (~75k total employees), features 23 Fortune 500 companies, 430 Retail locations, 11M SF of office space, the University of North Carolina at Charlotte, and direct access to the Lynx Light Rail through multiple stations. The property offers large floorplans coupled with premier, luxury features, with ideal lifestyle amenities conveniently located nearby. Mosby University City presents an outstanding opportunity to invest in a newly built Class A institutional-quality asset located in a thriving submarket that offers organic rent growth through rental headroom from nearby competitors.
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Mosby University City
309 Units
404 Gallop Lane
Charlotte, NC  28213
Type: Conventional
Posted: 4/13/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 278-unit Moss Pointe apartment community located in Savannah, Chatham County, Georgia. Built in 1970, Moss Pointe represents an outstanding opportunity to invest in an asset where further renovations can potentially garner a 22% ROI after completion. Moss Pointe’s unmatched access to Savannah’s major employers and retail, which has recently been enhanced by major infrastructure improvements, is fueling its recent population growth and rapidly rising incomes. The recently announced, Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further adding to Savannah’s explosive development and job growth.
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Moss Pointe
Offers Due:  Thursday, June 17, 2021
278 Units
9400 Abercorn Street
Savannah, GA  31406
Type: Conventional
Posted: 5/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Mountainside apartment community located in the desirable Southside submarket of Birmingham, Alabama. Southside has proven to be a highly attractive submarket in the metro due to proximity to both Downtown (UAB, CBD, Parkside) and upper echelon suburbs to the south (Mountain Brook, Homewood). Downtown has been truly transformed over the last 5 years and will continue to see an influx of jobs, capital, and residents moving to the urban core. Mountainside is poised to grow rents ($150-$200) through the initiation of value add 2.0.
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Mountainside
196 Units
101 Penthouse Drive
Birmingham, AL  35205
Type: Conventional
Posted: 6/3/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 23-acre Navassa Road Land located in Leland, North Carolina. Situated within an opportunity zone inside the fastest growing town in NC, the site is in a prime location for new development with lenient zoning standards of 24 dwelling units per acre. Located only 4 miles from a booming downtown Wilmington, Navassa Road Land is perfectly situated to experience all that Wilmington has to offer, while Leland implements developmental changes to its infrastructure in order to capture the 73% population growth the town has achieved since 2010. The site is in the heart of Leland’s Gateway District - an area the town has prioritized for immediate infill redevelopment. Navassa Road Land is poised to benefit from upward trending demographics and continual redevelopment growth plans, including the rebranded Leland Innovation District, that will reward developers for decades to come.
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Navassa Road Land
   
Navassa Road
Leland, NC  28451
Posted: 6/8/2021

The Cushman & Wakefield Multifamily Advisory Group is pleased to present this confidential offering to purchase The Nexos in Las Vegas, Nevada. Constructed in 1979, this asset is located in the Paradise Valley East submarket and is in close proximity to major employment hubs such as the Las Vegas Strip, Downtown Las Vegas, Henderson, and the Union Village Medical Center. Las Vegas and the Paradise Valley East submarket is primed to continue to experience strong apartment fundamentals in 2021.

The average in-place rents at the Nexos are $908, which is $92 lower than the recent achieved market rents at the asset. This provides a healthy loss to lease of 8.85%+ for investors to raise the rents at the asset organically. Furthermore, the asset has undergone a major transformation as the owner has spent ~$2M in renovating the clubhouse, fitness center, pool, and exterior, which includes replacing all the roofs. This will allow an investor to focus their attention on implementing an interior value-add program. Current ownership has only renovated 4 units (2.2%) to a premium renovation scope that are achieving an average rent premium of $195.

Given that Las Vegas saw net in-migration topping 45,000 people in 2020 it’s no surprise that ESMI ranked Las Vegas at #2 on their Talent Attraction Scorecard and Yardi ranked Las Vegas at #5 for rent growth among major metros. Additionally, Las Vegas continues to see limited construction for multifamily, and CoStar projects Las Vegas to be in the top 3 among major metros for rent growth over the next 5 years.

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Nexos Apartments
178 Units
3950 S Mountain Vista St
Las Vegas, NV  89121
Type: Conventional
Posted: 3/2/2021

Please click here to sign the Confidentiality Agreement.

Cushman & Wakefield has been retained as exclusive advisor and agent by the owner to offer for sale the Capital Properties DC Multifamily Portfolio (the "Portfolio" or the "Properties"), an unprecedented 1,400 unit apartment portfolio in the DC Metro area. Consisting of four properties - Vaughan Place (Washington, DC), Huntington Gateway (Alexandria, VA), the Residences at Capital Crescent Trail (Bethesda, MD), and North Park Apartments (Chevy Chase, MD) - the Portfolio offers investors immense scale in these infill locations with additional embedded upside. Built between 1973 and 2002, the Properties present a variety of renovation opportunities while all holding significant rent deltas with the top of their respective competitive sets. The Portfolio is well positioned to take advantage of stable apartment fundamentals stemming from attractive future growth in the DC region. The Properties all have dynamic connectivity to core economic drivers like the federal government, a robust biosciences sector, and Amazon HQ2, which position the DC region as an outperformer moving forward compared to similar metros. This Offering provides investors with the unique opportunity to acquire significant scale in this safe-haven market with attractive organic economic growth prospects and embedded value-add upside. The Portfolio is offered as a 100% fee simple interest or as a recapitalization opportunity with the sponsor, Capital Properties. Offers on the entire portfolio or on individual assets will be entertained.

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Under LOI
Capital Properties Portfolio (4 properties, 1,400 units)
North Park Avenue
310 Units
4615 N Park Av
Chevy Chase, MD  20815
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 115-unit Northlake apartment community, and the 159-unit Tanglewood apartment community, located in Warner Robins, Houston County, Georgia. The assets are situated strategically just north of major retail centers including Walmart Neighborhood Market, Home Depot, Lowe’s, TJ Maxx, Target, Kroger, and more. Built in 1967 and 1978, the portfolio represents an outstanding opportunity to invest in value-add ready assets in a superb submarket with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Under LOI
Northlake & Tanglewood (2 properties, 274 units)
Northlake
115 Units
310 Northlake Drive
Warner Robins, GA  31093
Posted: 4/6/2021

Notch at Norta is a brand new, Class A apartment community located in Indiana’s most vibrant market. The northside is among the country’s fastest-growing and wealthiest areas and offers residents an exceptionally high quality of life.

The community offers an attractive mix of studios, 1 and 2-bedroom units and all with a full-size washer/dryer. The units include high-end finishes such as quartz countertops, wood cabinets with high gage drawer pulls, a flat glass range top, a deep under-mount stainless-steel sink, energy-efficient appliances and vinyl plank flooring.

The amenities at Notch at Nora are equal to or exceed any of its peers. A beautiful clubhouse offers a 24-hour fitness center as well as the leasing and management office. Other amenities include direct access to The Monon trail, a sparkling swimming pool, a fire pit, a grilling station, and a 24-hour package room.

Notch at Nora’s specific location, just to the south of high-traffic 86th Street, gives excellent access to everything the northside and high-end Keystone area have to offer. The community is within minutes of the area’s finest entertainment and shopping and numerous major employment centers.

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Under Contract
Notch at Nora
186 Units
8502 Westfield Blvd
Indianapolis, IN  46240
Posted: 2/15/2021

Cushman & Wakefield is pleased to present a unique opportunity to obtain a ±3.73 net acre (±4.48 gross acre) multifamily development site located within the Desert Ridge Master Plan, adjacent to High Street and Desert Ridge Marketplace, at the northwest corner of 56th Street and the 101 Freeway, in Phoenix, Arizona, known as City North.

At completion, City North is planned to encompass 1.8 million square feet of corporate office, 2,885 residential units, 620 hotel rooms and up to 100,000 square feet of retail including new restaurant concepts.

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Under Contract
NWC 56th Street & 101 Freeway
3.73 Acres
NWC 56th Street & 101 Freeway
Phoenix, AZ  85054
Type: Land
Posted: 4/30/2019
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 163-unit Oak Park apartment community located in Indianapolis, IN. This asset is situated in the desirable south side of Indianapolis. Built in 1964, Oak Park offers an outstanding opportunity to invest in a well-maintained southside property with value add potential.
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Oak Park
163 Units
2100 E Stop 12 Rd
Indianapolis, IN  46217
Type: Conventional
Posted: 5/25/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 252-unit Oak Ridge at Pelham apartment community located in the burgeoning Greenville, SC area. This asset is situated in the highly coveted Thornblade neighborhood characterized by an affluent and educated demographic pool as HHI’s are $115k+, 52% of people have a bachelor’s degree or higher, and 75% are white collar employees. Built in 1986, Oak Ridge at Pelham presents an outstanding opportunity to invest in an extremely well maintained asset within the thriving Greenville market distinguished by attractive multifamily fundamentals, a diminishing multifamily development pipeline and an opportunity to achieve $150 average rent premiums through a Class-A value-add 2.0 campaign.
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Oak Ridge at Pelham
Offers Due:  Wednesday, June 30, 2021
252 Units
150 Oak Ridge Place
Greenville, SC  29615
Type: Conventional
Posted: 5/25/2021
Ocean Bay is a 20-unit turnkey waterfront community on Miami Beach. The property has been fully renovated with over $950K in improvements, including: new impact windows, new electrical and plumbing, new roof, new stucco/waterproofing and paint, new railings and entry gate, new a/c units, new kitchen cabinetry with marble tile backsplash and granite countertops, all new appliances, updated bathrooms with bathtubs and vanity cabinets, and new community washers/dryers. Ocean Bay features new outdoor amenities including a new courtyard with seating, outdoor BBQ area and picnic tables overlooking the Tatum Waterway. The property is available below the replacement cost to acquire and renovate comparable properties in the immediate area.
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Ocean Bay
20 Units
8260 Byron Avenue
Miami Beach, FL  33141
Posted: 1/14/2021
The Cushman & Wakefield Mid-Atlantic Private Client Group is pleased to present the exclusive listing of The Ocean County Single-Family Rental Portfolio located in Ocean County, New Jersey. The Portfolio is located in the state's Fastest Growing County with area median household income of $76,093. With current rents as much as 30%-35% below competing single-family rentals, the portfolio is well-suited for upgrades to exising kitchens and bathrooms, driving rents to market, as well as a streamlining of current management operations. The single-family rental asset class continues to grow with a vacant-to-occupied (V2O) rent growth rate of 8.3% and average residential renewal rate of 4.1% on an annualized basis. Ocean County is located within commuting distance of Philadelphia, New York City and Atlantic City.
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Ocean County Single-Family Rental Portfolio
Offers Due:  Wednesday, July 7, 2021
60 Units
Various
Ocean County, NJ  08724
Type: Single Family Rental
Posted: 5/12/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean House – the largest garden style multifamily community on Miami Beach. Ocean House is situated on over four-acres with over 750 feet of direct water frontage and totals 186 units in 23 two-story buildings. The property offers a favorable unit mix with 72% of units two or three bedrooms. The property is 97% occupied with exceptional strong collections during COVID-19.

In the past few years ownership has spent over $13 million in renovating the property. All units have been upgraded to one of two finish levels. 96 of the 186 units (±50%) have been upgraded to a “gold standard”. The other 90 units (±50%) have been upgraded to a platinum standard. Platinum units are renting $115 higher per unit per month.

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Under Contract
Ocean House Nobe
186 Units
7750 Tatum Waterway Drive
Miami Beach, FL
Posted: 2/5/2020