Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the listing of the 56-unit Spanish Villas apartment community located in South Daytona, Florida. Spanish Villas offer a Value-Add opportunity to renovate 100% of the units, raise effective rents $178/unit, and earn a 17% return-on-investment after implementation of the proposed renovation plan.

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Spanish Villas
56 Units
1648 S. Palmetto Avenue
South Daytona, FL  32119
Type: Conventional
Posted: 1/25/2019

Cushman & Wakefield is pleased to present the exclusive opportunity to acquire Spring Street Lofts located in St. Louis, MO. Consisting of 48 lofts and 7,500 square feet of ground-level retail, Spring Street Lofts is a luxury loft-style apartment building offering significant value-add and appreciation potential in the high-growth central corridor of the St. Louis Metro. The asset is offered free and clear of debt and is strategically positioned adjacent to St. Louis University, offering luxury, high-demand lofts for students and other residents searching for a live/work/play environment.

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Spring Street Lofts
48 Units
3693 Forest Park Ave.
St. Louis, MO  63108
Type: Conventional
Posted: 6/27/2018

We are very excited to bring you this exceptional investment opportunity for private JV Investors seeking: Quality Mixed Use Development, Strong JV/Operating Partners in a high growth sector of S. Austin Texas.

Our client, a very credible regional developer/operator is raising equity for a premiere A+ Mixed Use Development opportunity in one of Austin’s most exciting sub markets: South Congress. For those of you who have been looking for a solid, high yielding investment opportunity in one of USA's top cities, this is one you don’t want to miss. We have known the sponsors for over 8 years in Texas and they have consistently displayed outstanding business acumen in the CRE industry. For this project, they have acquired the land, completed the entitlement process and started prepping the site for mixed use vertical development using their own capital.

Austin, Texas tops the list for most desirable real estate investments due to its consistent growth in education and technology. Austin is known as the “Silicon Valley of the South”. What makes this project extremely special besides the location is the St. Elmo destination point and new Public Market/Retail Food Hall that is being debuted in Phase 1 Development along with 385 units of class A luxury apartments, financed by a very low interest rate HUD loan.

Public Market/Food Halls are one of the hottest trends right now in the retail restaurant business worldwide. Cushman & Wakefield first reported on this trend in November 2016; since then, food halls’ popularity has only continued to rise. Food halls are popping up around the United States at a breakneck pace; at the current rate, by 2020 the marketplaces will have tripled in size in the span of just five years.

To learn more about food halls, copy and paste the following link to your web browser https://www.youtube.com/watch?v=Q0d_ns76wQY to see our short video. This combined bundle of amenities for Austin residents highly supports the cultural and unique community which Austin is well known for. We believe that the proposed mixed use development coupled with the exciting Food Hall concept, will create a much desired destination point for Austin residents and drive higher rental values for the apartments, creative office and boutique hotel planned in this development.

We are seeking to secure one to three investors to raise up to $25 million for Phase 1, providing investors with an impressive IRR of 19%.

Call for offers is Friday, October 19, 2018.

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St. Elmo Development Project
   
4329 South Congress Avenue
Austin, TX  78745
Posted: 10/4/2018

Cushman & Wakefield, as exclusive advisor is pleased to present St. Tropez, a 376-unit asset located in Plantation, Florida. Considered the premier central Broward location, the property features a mix of townhome style and flats with direct access garages in 90% of the units. St. Tropez is situated along University Drive providing exposure to over 53,000 cars daily with access to the major employment markets and retail dynamics in the immediate area. St. Tropez represents the opportunity to acquire the ultimate value-add opportunity in a thriving, high-demand market.

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St. Tropez
Offers Due:  Wednesday, June 12, 2019
376 Units
8000 Cleary Boulevard
Plantation, FL  33324
Type: Conventional
Posted: 5/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit Sterling Hills apartment community located in Johnson City, Carter County, Tennessee. This 1980s built asset benefits from its desirable suburban location and is surrounded by mountains and valleys. Future ownership has the opportunity to increase revenue through completion of a market-supported, strategic renovation program.
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Under Contract
Sterling Hills
216 Units
1 Milligan Lane
Johnson City, TN  37601
Type: Conventional
Posted: 3/26/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 271-unit Sterling Pointe apartment community located in Ocala, Florida. The asset is situated in the desirable area of the North Ocala Submarket. Built in the early 1980's to early 2000's, Sterling Pointe offers an outstanding value-add opportunity that would result in Effective Rental Income growth of 31% and a 22% Return-on-Investment once fully implemented.

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Under Contract
Sterling Pointe
271 Units
3480 NE 48th Terrace
Ocala, FL  34488
Type: Conventional
Posted: 2/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 317-unit Stone Ridge at Somerby Park, a Class "A" luxury community located in thriving Mobile, Alabama. This asset is situated in West Mobile, just south of Airport Boulevard, one of the Metro’s most affluent locations with average HH incomes of $75K and a constrained multifamily market. As Alabama’s only port economy, Mobile is attracting top companies such as Walmart, Amazon, and Airbus (4,000+ new jobs coming). Built in 2008, Stone Ridge at Somerby Park offers an outstanding opportunity to invest in the premier asset of West Mobile with legitimate value add potential.
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Stone Ridge at Somerby Park
317 Units
1200 Somerby Drive
Mobile, AL  36695
Type: Conventional
Posted: 6/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group and Sage Partners Real Estate Solutions are pleased to present the exclusive listing for the 462-unit Chenal Valley Portfolio located in Little Rock, Arkansas. The 2 assets, Carrington Park and Stonebridge at the Ranch, are situated in the highly desirable Chenal Valley section of northwest Little Rock. Built between 1999-2005 and poised to utilize economies of scale, the properties present an outstanding opportunity to invest in value add assets in a highly attractive submarket.
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Under Contract
Chenal Valley Portfolio (2 properties, 462 units)
Stonebridge at the Ranch
260 Units
1 Stonebridge Circle
Little Rock, AR  72223
Posted: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 167-unit Stonegate at Eagle’s Landing and the 300-unit Mandalay Villas in Henry County, Georgia. Henry County is one of Atlanta’s top growth corridors with over 15% projected household income and population growth over the next 5 years. Despite this impressive growth, Henry County’s apartment market has been extremely under-supplied since 2010 (2.4K units delivered), a catalyst for continued rent growth. Additionally, Henry County’s industrial market is booming with 13.4M SF under construction/proposed, creating an additional 8.9K jobs. These strategic locations are further bolstered by the surrounding demographics. Stonegate at Eagle’s Landing and Mandalay Villas present the opportunity to acquire a value-add portfolio below replacement cost in one of the Southeast’s main distribution markets.
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Under Contract
Stonegate at Eagle's Landing & Mandalay Villas (2 properties, 467 units)
Stonegate at Eagle's Landing
167 Units
700 Rock Quarry Road
Stockbridge, GA  30281
Type: Conventional
Posted: 1/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 71-unit apartment community located in Warner Robins, Houston County, Georgia. This asset is situated strategically just 2.5 miles from Robins Air Force Base, which recently announced aggressive strategy to add 1,200 tech and cyber security related jobs to Warner Robins. Built in 1976, Stonehenge represents an outstanding opportunity to invest in a value-add ready asset in a submarket with superb growth indicators and market fundamentals, as Middle Georgia maintains its place as a leading Georgia growth market.
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Under Contract
Stonehenge
71 Units
613 Greenbriar Road
Warner Robins, GA  31093
Posted: 2/12/2019

We're happy to present Stoneridge East and Bedrock East Apartments, a two property portfolio totaling 54 units located on Queen City Ave in Cincinnati. The properties are less than a ½ mile from each other and have been very well maintained by original owners family who built the properties. Great location near major retail and only a 15 minute drive to Downtown Cincinnati or to University of Cincinnati and major medical facilities.

Please contact Don Murphy or Jordan Murphy for the full Offering Memorandum.

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Stoneridge & Bedrock East (2 properties, 54 units)
Stoneridge East
30 Units
2767-2771 Queen City Ave.
Cincinnati, OH  45238
Type: Conventional
Posted: 3/12/2019

Stonybrook Commons is a 122-unit apartment community located on Indianapolis’ suburban east side. The property consists of an office/clubhouse and seven residential buildings situated on over 13.5 acres with ample green space and mature trees. Buildings are two-story with attractive all-brick exteriors, vinyl shutters and wood balconies. Roofs are pitched with composite shingles.

The community offers 56 Two Bedroom flats (in two floor plans) and 66 Three Bedroom flats (also in two floor plans). Units are spacious, averaging 1,022 square feet. All units include large closets, fully-equipped kitchens including dishwasher and microwave, full-size washer/dryer connections, a private patio or balcony, and an outside storage closet.

Community amenities include a clubhouse with a community room for private parties, a picnic pavilion, a playground, bike racks and an on-site laundry center. The property is also less than one mile from Grassy Creek Park, as 175 acre Indianapolis Public Park located near German Church & 30th Street.

The property is located within the respected Warren Township School system.

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Under Contract
Stonybrook Commons
122 Units
3036 Redskin Drive
Indianapolis, IN  46235
Type: Conventional
Posted: 3/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 137-unit Stratford Lane apartment community located in Columbus, Muscogee County, Georgia. This asset is situated in the thriving northeast Columbus in the desirable, high-access Midland submarket. Built in 1984, Stratford Lane represents an outstanding opportunity to invest in a Cardinal-built asset along the Midland/Manchester Expressway growth corridor of Georgia’s second largest city that boasts multiple upside potential through premiums on value-add renovations and new management upside.
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Stratford Lane
137 Units
5780 Milgen Road
Columbus, GA  31907
Type: Conventional
Posted: 8/8/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 268-unit Sugarloaf Trails apartment community located in Duluth, Gwinnett County, GA. Gwinnett County is one of Atlanta's top growth corridors with roughly 53% population growth since 2000. Despite the impressive growth, Gwinnett County's apartment market has been extremely under-supplied, delivering 4.8K since 2010, a catalyst for continued rent growth. Additionally, Gwinnett County has more than $2B worth of developments under construction. Three of the largest developments (118-acre Revel entertainment district, Infinite Energy expansion, and 110-acre Legacy Park) are in the Sugarloaf Corridor, further propelling rent growth. Sugarloaf Trails presents the opportunity to acquire a true value-add investment in a thriving location.
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Under LOI
Sugarloaf Trails
268 Units
2255 Satellite Boulevard
Duluth, GA  30136
Type: Conventional
Posted: 4/10/2019
Summit Hill is located in the evolving submarket of West Madison just a 15-minute drive from downtown. Built in 1988, this proven value-add opportunity consists of 123 studio, one- and two-bedroom units. Some of which have recently been renovated and yielding substantial rent increases. Plenty of opportunity remains for the next owner to continue the value-add program and add amenities. Summit Hill is centrally located between some of the largest employers in Madison and with few alternatives, a renovated Summit Hill will provide a modern living option for Madison professionals.
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Summit Hill Apartments
123 Units
1202 McKenna Blvd
Madison, WI  53719
Type: Conventional
Posted: 5/8/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

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Under Contract
South Tampa Value-Add Portfolio (2 properties, 136 units)
Sun Bay
88 Units
3730 W Bay Avenue
Tampa, FL  33611
Type: Conventional
Posted: 4/1/2019

Suncrest is a charming 140 unit garden style apartment community located on 11.8 acres on Indianapolis’ far west side. Built in 1986, the property has mature landscaping, a scenic pond and has been well-maintained. In 2015-2016 the Suncrest underwent a comprehensive renovation which included: all new roofs, clubhouse renovation, new fitness facility and a full high-end interior renovation of 100% of the units.

The property offers an attractive unit mix of 1 and 2 bedroom units with beautiful open floorplans. 77% of the units include washer /dryer hookups with machines. There remains upgrade potential by adding washer /dryer hookups and machines to the remaining 32 units, a bark park, grilling stations and picnic areas.

Suncrest is located one street north of busy Washington Street (US 40) and just east of Interstate-465 (Indianapolis’ interstate beltway) on the city’s suburban west side. The location provides the community with a quiet atmosphere while being exceptionally convenient to the many shopping and dining choices and major employment centers clustered along I-465.

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Suncrest
Offers Due:  Friday, June 28, 2019
140 Units
1135 Suncrest Circle
Indianapolis, IN  46241
Type: Conventional
Posted: 5/7/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are excited to present the exclusive listing of the 331-unit Baton Rouge Portfolio (The Addison and The High Grove). The properties are poised for significant appreciation due to being located in one of Baton Rouge’s best performing submarkets, featuring premier retail and upscale demographics. Additionally, Ochsner’s $100M expansion, creating 450 jobs, is adjacent to The Addison and The High Grove.
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The Addison & The High Grove (2 properties, 331 units)
The Addison
139 Units
10231 The Grove Boulevard
Baton Rouge, LA  70836
Posted: 1/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Belvoir - 100 multifamily units located in Chattanooga, Hamilton County, Tennessee. Strategically located just 15 minutes from downtown Chattanooga, the property offers quick accessibility to major employers, health care, and retail centers via I-24. Built in 1970, The Belvoir represents an outstanding opportunity to acquire a true value-add asset in a thriving market.
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The Belvoir
100 Units
3725 Fountain Avenue
Chattanooga, TN  37412
Type: Conventional
Posted: 5/8/2019
Cushman & Wakefield is pleased to present The Buckingham and The Commodore; a 167-unit vintage multifamily portfolio in the vibrant Loring Park neighborhood of Downtown Minneapolis. The properties have been meticulously maintained by responsible, family ownership over the last 40-years and are now ripe for a strategic common area and in-unit renovation plan.

The walkability of these urban assets is unparalleled and reside one block from the scenic “Loring Park,” which is the largest park in the Minneapolis CBD. The properties are also three blocks from the recently upgraded “Nicollet Mall,” the thriving entertainment and dining area of Downtown Minneapolis.

The Buckingham and The Commodore portfolio presents investors the rare opportunity to acquire two historic, irreplaceable Loring Park assets with tremendous upside potential. The properties are being offered free and clear of existing financing and tours will begin the week of March 11th.

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Under Contract
The Buckingham & The Commodore (2 properties, 167 units)
The Buckingham
127 Units
1500 LaSalle Ave
Minneapolis, MN  55403
Cushman and Wakefield, as exclusive agent for The Campagna Center, Inc. (the “Seller”), is pleased to present the opportunity to purchase 418 South Washington Street (the “Property”). This historic building was constructed in 1871 and is prominently located in the heart of Old Town Alexandria’s Historic District one block south of Duke Street. It is currently the headquarters for The Campagna Center, a non-profit whose mission is to deliver educational and social development programs for children, teens and adults. The Property consists of 2 parcels which measure 15,790 SF and is improved with an approximately 17,000 SF structure consisting of 2 main floors, an attic and a basement. The building was renovated in 1995 to better serve The Campagna Center as its office headquarters. The Property is zoned Commercial Downtown, which allows office and several types of residential uses (including multifamily and townhouse) as a matter-of-right.
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Under Contract
The Campagna Center
   
418 S Washington St
Alexandria, VA  22314
Posted: 5/3/2017
The Colony Apartments is a 236-unit, one and two-story, garden-style complex built in 1979. It is composed of 41 buildings including a leasing office. The property is located across the street from Maryvale Park, Maryvale Community Center, YMCA, and the Palo Verde public library. The Colony Apartments offers an attractive product with large units in a relatively low density setting.
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Under Contract
The Colony
236 Units
4337 N 53rd Ln
Phoenix, AZ  85031
Posted: 2/4/2019
Cushman & Wakefield is pleased to present The Buckingham and The Commodore; a 167-unit vintage multifamily portfolio in the vibrant Loring Park neighborhood of Downtown Minneapolis. The properties have been meticulously maintained by responsible, family ownership over the last 40-years and are now ripe for a strategic common area and in-unit renovation plan.

The walkability of these urban assets is unparalleled and reside one block from the scenic “Loring Park,” which is the largest park in the Minneapolis CBD. The properties are also three blocks from the recently upgraded “Nicollet Mall,” the thriving entertainment and dining area of Downtown Minneapolis.

The Buckingham and The Commodore portfolio presents investors the rare opportunity to acquire two historic, irreplaceable Loring Park assets with tremendous upside potential. The properties are being offered free and clear of existing financing and tours will begin the week of March 11th.

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Under Contract
The Buckingham & The Commodore (2 properties, 167 units)
The Commodore
40 Units
1417 LaSalle Ave
Minneapolis, MN  55403

Courtyard Apartments consists of 129 units located in Anderson, IN and was built in 1956. The property is currently owned by a private capital group out of Chicago. The current owner has infused more than $300,000 in capital improvements including various roof and window replacements and reviving down units.. With roughly 15 units currently offline, there is ample opportunity to continue improving the property and growing occupancy. Courtyard Apartments is located near Anderson’s most sought after west side neighborhoods. The near west side of Anderson is scheduled to benefit from multiple economic development initiatives, primarily centered around revitalization of the adjacent retail properties.

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The Courtyard
129 Units
2725 W 16th Street
Anderson, IN  46011
Type: Conventional
Posted: 3/28/2019