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.

Springs Multifamily Portfolio
37 Units
1099 Westmoreland Road, 3810 Scott Lane, 2901, 2903, 2915 & 2919 Sage Street, 313, 314 & 321 Bonnie
Colorado Springs, CO  80907
Type:  Multifamily
Posted: 8/14/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive offering of the 260-unit Stonegate apartment community located in Birmingham, Jefferson County, AL with below market assumable debt. This asset is situated in the expanding Oxmoor Valley economic corridor, just north of the $60M Renaissance at Ross Bridge Luxury Resort. The property offers residents convenient access to Samford University (5,700+ Students), the University of Alabama at Birmingham (UAB) and its combined 45K+ combined jobs and students, and the top Hospitals and employment drivers in the MSA. Stonegate also presents the opportunity to assume attractive, in-place financing, with rates well-below current market availability. Built in 2008, Stonegate offers an outstanding opportunity to invest in a high performing asset, while also capitalizing on a proven value-add campaign.
260 Units
101 Leaf Lake Boulevard
Birmingham, AL  35211
Type:  Multifamily
Posted: 5/9/2023
Under Contract
Stillwater Value-Add Porfolio (4 properties, 289 units)
Tamarack Village Apartments
72 Units
625 E Redbud Dr
Stillwater, OK  74075
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Test Retail
1234 Sesame Street
New York, NY
Type:  Shopping Center
Posted: 1/2/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Abbey, a 45-unit apartment community situated in the up-and-coming Hickory market in North Carolina. Conveniently located within two miles of downtown Hickory and I-40, The Abbey provides easy access to major employment centers and a variety of lifestyle amenities. Hickory has maintained a high occupancy rate amidst significant rent growth, reaching an impressive 96.2% average occupancy with a 37.5% rent growth since 2018. Within a 3-mile radius of The Abbey demographics are ideal for multifamily investment, with 45% of housing being renter-occupied and an average household income of $77K. The current ownership has successfully renovated three units, achieving a rent premium of $165 over classic units, providing the blueprint for future rent growth upon completion of the value add campaign.
The Abbey
Offers Due:  Thursday, February 22, 2024
45 Units
380 9th Avenue
Hickory, NC  28601
Type:  Multifamily
Posted: 1/23/2024

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".

The Alexandra
70 Units
1767 Washington Street
Boston, MA  02118
Posted: 5/9/2023

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..

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 Duke apartment community, comprised of 252 units and nestled in the vibrant city of Victoria, TX. This exceptional property presents a highly appealing investment opportunity, boasting assumable debt with an attractive interest rate of 3.5%. Ideally situated in a sought-after Victoria location, The Duke enjoys proximity to prominent retailers and employers, further enhancing its appeal. Moreover, this modern community sets itself apart with the finest unit and community amenities available in the area. Constructed in 2016, The Duke represents a prime chance to invest in a premier asset supported by exceptionally favorable assumable debt terms.
Under Contract
The Duke
252 Units
301 Augusta Drive
Victoria, TX  77904
Type:  Multifamily
Posted: 6/22/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Dylan, a 152-unit apartment community located in Murfreesboro, Rutherford County, Tennessee. This asset is situated in the premier Murfreesboro suburb just 35 miles southeast of downtown Nashville on Interstate 24, a 10-minute drive to Middle Tennessee State University, and moments from the areas top employers, including Rutherford County Government (7,000 jobs), Nissan North America (7,000 jobs), and Amazon (2,000 jobs). Built in 1985, The Dylan represents a highly capitalized property that has seen $2.7M+ in capital expenditures by the current owner. This strong performing asset offers an outstanding value-add opportunity by continuing the current program and adding higher-end interior upgrades. With current income to rent ratio at the property of 4.00x ($63k mean income) – these tenants qualify for rents $400+ above the current leased average, which provides additional rental upside for the next owner.
The Dylan
Offers Due:  Tuesday, February 13, 2024
152 Units
1620 Battleground Drive
Murfreesboro, TN  37129
Type:  Multifamily
Posted: 1/8/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Element, a 148-unit apartment community located in Clarksville, Montgomery County, Tennessee. Home to the 2nd largest military base in the U.S, the booming Clarksville market also benefits from being a close outlet to Nashville. Built in 2007 and renovated in 2022, The Element offers an outstanding proven-value opportunity and is just moments from top employers, the Wilma Rudolph shopping corridor, Austin Peay State University, and Fort Campbell.
The Element
148 Units
2808 Cobalt Drive
Clarksville, TN  37040
Type:  Multifamily
Posted: 4/18/2023
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Flats at Columbia Pike – a value-add asset in Silver Spring, MD outside of Washington, DC. The asset offers immediate scale and has been extremely well maintained with $3.1 million invested in capital improvements including 100% replacement of windows and sliders over current ownership’s three years of operations. The property is being sold with attractive assumable financing with a below market rate and two years of interest only remaining. Approximately 10% of units have been renovated, generating $200 rent premiums, and the ability exists to continue or expand upon the current renovation scope for additional rent increases. The ability to add or improve upon current amenities could also generate additional premiums. The property is uniquely positioned in Montgomery County, Maryland allowing residents access to unparalleled private and public employment, with multiple government agency headquarters, the University of Maryland, and the I-270 Life Sciences Corridor all less than 25 minutes away. Furthermore, the property is within walking distance of the White Oak Transit Center with coveted Flash Bus Rapid Transit service that runs along traffic-bypass lanes to fast track daily commutes. Overall, the asset’s outstanding condition, size, rental upside, and assumable financing in one of the most desirable metro areas on the East Coast make The Flats at Columbia Pike a rare multifamily investment opportunity.
The Flats at Columbia Pike
529 Units
11542 February Circle
Silver Spring, MD  20904
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Florence, an 11-acre, 262-unit development opportunity in McKinney, Texas. The fully entitled, shovel-ready site is a part of a mixed-use development that will offer 62,000 sq. ft. of office and retail space, and a 10,000 sq. ft. daycare facility. This asset is strategically located to maximize future growth in one of the fastest growing cities in the U.S. The Florence Apartments is a unique investment opportunity in an exciting submarket with strong fundamentals including average occupancy of 95.4% and annual rent growth of 13.3%.
Under Contract
The Florence
11 Acres
4021 South Custer Road
McKinney, TX  75070
Type:  Land
Posted: 11/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.
Under Contract
The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type:  Land
Posted: 10/21/2021

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 Grove at St. Andrews & Greenwood at Ashley River (2 properties, 902 units)
The Grove at St. Andrews
622 Units
716 Zimalcrest Drive
Columbia, SC  29210
Type:  Multifamily
Posted: 9/14/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 252-unit The Groves Lithonia apartment community, located in east suburban Atlanta, Georgia. This asset is situated within a high-demand submarket and provides strategic access to Atlanta’s primary employment hubs. Built as two separate properties in 1989 and 1995, The Groves Lithonia is a rare offering with the advantage of a portfolio in a single-package.
The Groves Lithonia
Offers Due:  Tuesday, February 13, 2024
252 Units
6136 Hillandale Drive
Lithonia, GA  30058
Type:  Multifamily
Posted: 1/7/2024
The Cushman & Wakefield Student Housing Team, in conjunction with the Cushman & Wakefield Georgia Multifamily Advisory Group, is pleased to present the exclusive listing of The Haven at Kennesaw, a 32-unit, 148-bed cottage apartment community located near Kennesaw State University (KSU). Built in 2017, The Haven has been a top performer in the market, consistently leasing to 100% by June 1st every year since its delivery. This opportunity allows investors to acquire the only true Class A cottage-style community near KSU with significant support for immediate rental growth.
Under Contract
The Haven at Kennesaw
32 Units | 148 Beds
1805 Shiloh Rd NW
Kennesaw, GA  30144
Posted: 8/28/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 38.69-acre The Landing at Beaver Creek Multifamily Development Site in Powell (Knoxville), TN. The site is fully entitled and designed for 226 units, with plans calling for a mix of garden apartment and rental townhome product. Land disturbance and NPDES permits have already been pulled. Powell is a quaint suburb in north Knoxville with all the conveniences of the city. K-12 public schools, grocery options, and abundant national retailers are all within an easy 5-minute drive of the site. Additionally, Downtown Knoxville and the University of Tennessee are reachable within a quick 15-minute drive, making the site a great location for students and downtown employees to call home in the future. The Landing at Beaver Creek Multifamily Development Site offers an exciting opportunity to expediently break ground in one of the strongest secondary markets in the Southeast.
Under LOI
The Landing at Beaver Creek
38.69 Acres
W Beaver Creek Drive
Powell, TN  37849
Type:  Land
Posted: 10/10/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Lory of Hoover apartment community located in Birmingham, AL. This asset is situated less than a mile south of the I-459 and I-65 Interchange, allowing residents to experience convenient access to all of Birmingham’s employment opportunities, retail amenities, and leisure activities. The asset exited its LIHTC program in 2020 and allows the next investor to implement a value-add campaign and further boost rents. Built in 1974, Lory of Hoover offers an outstanding opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.
Under Contract
The Lory of Hoover
174 Units
2149 Emerald Pointe Drive
Hoover, AL  35216
Type:  Multifamily
Posted: 4/25/2023

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).

Under Contract
The Lowe
135 Units | 145 Beds
1501 Montgomery Street
Savannah, GA  31401
Type:  Multifamily
Posted: 1/3/2024

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.


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


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


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

The Malt House
118 Units
1009 W Juneau Ave
Milwaukee, WI  53233
Type:  Multifamily
Posted: 2/13/2024

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.”

The Millennium
192 Units
50 Morgan Street
Hartford, CT  06103
The Cushman & Wakefield Student Housing Capital Markets Team is pleased to present the exclusive listing of The Nest, a 270-unit, 784-bed student housing apartment community, located in Lawrence, Kansas. Built in 2019, The Nest is situated in a highly amenitized location with property shuttle service to the University of Kansas. The Nest presents an exceptional investment opportunity being a true standout, with significant appeal due to its exclusive status as the sole cottage-style product in the market, with leasing that outperforms its competition.
The Nest
270 Units | 784 Beds
3345 Magnolia Circle
Lawrence, KS  66046
Posted: 9/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 257-unit The Park at Fountain City apartment community located in Knoxville, Tennessee, within Knox County. This asset is situated in the strategically-located area of north Knoxville. Built in 1971, The Park at Fountain City represents an outstanding value-add investment opportunity to meet growing market demand. The Park at Fountain City has seen numerous significant capital expenditure projects since 2021; current ownership has invested over $1.4M into the property through exterior and interior upgrades.
The Park at Fountain City
Offers Due:  Wednesday, March 6, 2024
257 Units
2202 Adair Drive
Knoxville, TN  37918
Posted: 1/31/2024