The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ± 48-acre development site, The Reserve at Savannah Harbor Development Site, located in Savannah, GA. Positioned on Hutchinson Island, just a short drive or ferry ride from historic downtown Savannah, the site’s location offers the opportunity for luxurious island living with all the conveniences and amenities of a major city. The opportunity consists of 149 finished lots with utilities, a completed clubhouse, and raw land with potential for 172 additional lots, poising it well for build-to-rent development. Lots have unrivalled views of the Savannah Harbor Golf Course, the Savannah River, the Little Black River, the Talmadge Memorial Bridge, and downtown Savannah. Significant public and private investments are in progress across multiple developments on Hutchinson Island. Savannah’s growth, fueled by its thriving port, has bolstered an impressive coastal economy. The Reserve at Savannah Harbor Development Site presents a generational chance to acquire a large portion of the only island off downtown Savannah and develop one of the city’s premier and most unique communities.
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Under LOI
The Reserve at Savannah Harbor
48 Acres
407 Reserve Way
Savannah, GA  31401
Type:  Land
Posted: 1/25/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Riley, a 178-unit, 2023-built apartment community in Burleson, Texas, a high-growth suburban community south of Fort Worth. The Riley is positioned along major highways, offering convenient access to DFW’s major employment hubs and a workforce of 650,000 within a 25-minute drive, including the Near Southside Medical District (with over 39,000 jobs), Downtown Fort Worth (boasting 52,100 jobs), and Lockheed Martin (employing over 18,200 individuals). The Riley’s proximity to Burleson’s prominent retail, entertainment, and recreational options continues attracts new residents. Favorable demographics and strong multifamily fundamentals help establish considerable upside for The Riley in the years ahead.
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The Riley
Offers Due:  Wednesday, May 15, 2024
178 Units
480 Commons Dr
Burleson, TX  76028
Posted: 4/16/2024
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisor Group is pleased to present The Villages at City Center, a 116-unit asset in Newport News, Virginia. The Villages at City Center was built in three phases and is comprised predominately of townhome style units. This, coupled with varying unit styles offers ultimate leasing optionality for tenants which has contributed to steady operations and limited rental loss on a trailing basis. The Property’s location in the desirable Jefferson Avenue Corridor is among the best in the region, minutes from I-64 with significant high-end employment and retail offerings in close proximity. The asset is located adjacent to Newport News’s urban town center, City Center of Oyster Point and five minutes from one of only two Whole Foods Markets in the entire MSA adding to its appeal. The Villages at City Center offers investors various value-add strategies with renovation premiums of $125 proven out by current ownership and the ability exceed these premiums based on rents being achieved by similar assets in the immediate area. A substantial amount of capital has been invested in the asset by current and former ownership which limits downside risk and will allow a new investor to focus on income producing investment. The Hampton Roads apartment market has been one of the best performing in the Mid-Atlantic region with projected rent growth exceeding that of peer markets Richmond and Washington, DC. The Villages at City Center offers a rare opportunity to acquire a well performing asset, with limited capital required and additional upside in one of the most stable economies in the Mid-Atlantic.
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The Villages at City Center
116 Units
828 Forrest Dr
Newport News, VA  23606
Three Oaks is a rare opportunity to purchase a fully entitled, pad-ready site in a residential redevelopment in the dynamic suburb of Oakley in Cincinnati OH. This development site offers a senior living owner the opportunity to develop a 5.6 +/- acre senior living facility within a beautiful 30-acre master planned community that includes Single Family & Townhome residential along with Class A+ market rate apartments..

1. Three Oaks Master Development
The senior living site is located within Neyer Properties planned Three Oaks mixed-use 30-acre development. Along with Senior Living this new and exciting neighborhood will have a mix of new-urbanism single family residential homes, townhomes and 393 Class A+ apartments..

2 . Fully Entitled Delivered Site
The site is zoned for up to 200 senior units and is fully entitled with a 30% real estate tax abatement for 15 years. The master developer will begin construction on infrastructure in Spring 2022 with anticipated delivery of a pad-ready site, including new public utilities and public roadways in Fall 2022.

3. On Site Amenities
Three Oaks will have numerous on-site amenities including a public park and a multitude green spaces throughout the development along with dog parks and a ½ mile walking trail.

4. Eclectic Urban Neighborhood
The property is centrally located in the Cincinnati market and adjacent to numerous affluent communities. Oakley Station, a 74-acre retail, entertainment and office development is just minutes away and a pedestrian tunnel to provide direct access to Oakley Station is being planned. In addition to Oakley Station there are numerous unique neighborhood establishments.

5. Strong Senior Demographics
Since 2010, the senior population has increased by 9%. The population age 75 and older between 2019 & 2024 is projected to increase by over 13%. In addition, the average household income within a 5-mile radius is over $80,000 per year.
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Three Oaks Senior Site
5.6 Acres
Robertson Ave.
Cincinnati, OH  45209
Type:  Land
Posted: 3/2/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit, Timber Pointe apartment community located in Macon, Bibb County, Georgia. This asset is situated in robust middle Georgia bolstered by top, high paying employers, multiple higher education institutions, and award-winning healthcare centers, including Piedmont Health Center and Atrium Health Navicent. Built in 1983, Timber Pointe represents an outstanding opportunity for new ownership to invest in a property that is currently achieving $126 in-place rent premiums. In addition, Timber Pointe offers a great opportunity to assume attractive debt below current market levels, with the ability to reach an LTV of 65%+. Middle Georgia continues to grow with the Peach Co. mega site breaking ground, the new 10,000 seat Macon Amphitheater, and the $500M I-16/I-75 interchange expansion project.
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Timber Pointe
Offers Due:  Thursday, May 16, 2024
152 Units
2050 Old Clinton Road
Macon, GA  31211
Type:  Multifamily
Posted: 4/11/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 194-unit Park Square and Townhomes @ Spartanburg, which can be acquired together or separately. Positioned less than a mile apart, the assets’ proximity to each other allows for portfolio synergy of shared operations in Spartanburg, SC. Each property directly benefits from the Upstate’s burgeoning economic growth, which has experienced over $5B in capital investments since 2022. Residents are provided streamlined access to the MSA’s top employers, including industry anchors BMW Plant Spartanburg, Inland Port Greer, and the Michelin Manufacturing Plant via I-26 and I-85. The surrounding area boasts impeccable market metrics, including above average rent growth (30%), rising home values (52% growth), and positive demographics ($64K HHI), in addition to top notch retail, including WestGate Mall, Market Square, and The Dorman Centre. Built in 1968 and 1974, both properties arrive to the market with a rare opportunity to implement Class-A finish levels and achieve $150 premiums, setting the communities in line with market comparables.
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Park Square & Townhomes at Spartanburg (2 properties, 194 units)
Townhomes @ Spartanburg
Offers Due:  Wednesday, May 8, 2024
98 Units
201 East Blackstock Road
Spartanburg, SC  29301
Type:  Multifamily
Posted: 3/27/2024
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the St. Louis Multifamily Group, is pleased to present the exclusive listing of the Mizzou 3-Pack Portfolio, a three-property student housing community portfolio located near the University of Missouri. The Portfolio totals 593 units and 1,836 beds with build years of 2011, 2010 and 2005. This offering provides investors the opportunity to purchase a portfolio of three assets, or individually, with proven track records that are perfectly positioned for a value-add program that would generate immediate revenue streams and yield increased returns.
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Mizzou 3-Pack Portfolio (3 properties, 593 units)
Townhomes by Element Communities Columbia
163 Units | 550 Beds
400 W Old Plank Rd
Columbia, MO  65203
Posted: 10/18/2023

INVESTMENT HIGHLIGHTS

Excellent Upside Potential

VALUE ADD - Room to push rents and renovate units

OPPORTUNITY ZONE

Quick access to shopping & restaurants

Buyer abilty to continue stabilization

Highly regarded property manager and maintenance tech interested in working with next ownership group

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Tudor Towers
24 Units
518 Bartlett Street
Poplar Bluff, MO  63901
Type:  Multifamily
Posted: 8/22/2022
Cushman & Wakefield is pleased to offer the opportunity to acquire University Station, a Class A, five-building mixeduse development in Cincinnati. Located adjacent to Xavier University, a prominent private university with a total enrollment of 6,000+ undergraduate and graduate students, the development consists of:

• 226 Class A student housing apartment units (608 beds) in three of the five buildings
• 42,225 of Class A medical/clinical office space in one, 2-story office building
• 34,916 SF of retail space: 4,500 SF in a free-standing building and 30,416 on the first floor of one of the three student apartment buildings
• 13.86 total acres and 906 total parking spaces


In addition to the five buildings, the opportunity includes development rights for approximately 3.7 acres that adjoin University Station. Details included in the ground lease summary located in the appendix.


1. COMPETITIVE ADVANTAGE
University Station is the only fully amenitized, purpose-built student housing community serving Xavier students. With high-end finishes, including granite counter tops and stainless-steel appliances, in-unit laundry and separate bedrooms and bathrooms, University Station is also the only Class A student housing complex serving the student population. The asset is newly constructed with Phase I developed in 2014 and Phase II constructed in 2020. Current amenities include swimming pool, study areas, workout facility, game room and theatre room.

2 .PRE-LEASING
Student Housing is pre-leased at 70% as of January 2023 for the 2023/24 school year which is significantly above the preceding school year (54%).

3 HIGH QUALITY OFFICE TENANCY
With TriHealth, an A+ rated health system, and CTI Clinical Trial and Consulting Services, a globally recognized Contract Research Organization, the office tenancy provides secure and stable cash flow.

4. VALUE CREATION
New ownership will be able to significantly upgrade the ‘curb appeal’ of the student housing apartments by upgrading the existing facilities and adding additional amenities. There is also the opportunity to add value through the lease up of vacancy within the retail component of the asset, which is anchored by the Xavier University Bookstore and Starbucks.

5. EXCELLENT LOCATION
University Station is seamlessly integrated with Xavier University’s campus, providing students with immediate access to all the University’s educational facilities. Xavier currently has its "All for One Shop" Bookstore in one of University Station’s retail suites and Xavier recently opened its Health United Building, an on-campus health and wellness facility located across the street from University Station.

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Under LOI
University Station - Xavier University
226 Units | 608 Beds
1725 Cleneay Ave.
Cincinnati, OH  45212
Posted: 1/23/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of Valley Farms, a 288-unit apartment community located in Louisville, Jefferson County, Kentucky. The property’s strategic location in south Jefferson County provides residents with first class access to major employers and major job hubs including GE Appliance Park (8K+ Jobs), Ford Assembly Plant (13K+ Jobs), UPS Worldport (25K+ Jobs) and the new BlueOval SK battery plant (2.5K Jobs). Furthermore, the asset is adjacent to Louisville’s Riverport Authority, which is home to more than 120 companies and 6,500 jobs. Valley Farms is primed to benefit from Louisville’s impressive, estimated influx of 8K jobs in 2024, and minimal supply pipeline. Within 5 miles of the property, there has only been one delivery since 2022. Built in three phases, completed in 2007, 2009 and 2015, Valley Farms offers an outstanding opportunity to invest in an institutionally owned multifamily asset, perfectly positioned for value-add upside. New ownership can renovate 75% of the units and drive NOI for long term growth.
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Valley Farms
Offers Due:  Wednesday, May 15, 2024
288 Units
10200 Renaissance Valley Way
Louisville, KY  40272
Type:  Multifamily
Posted: 4/3/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 121-unit Village at Panther Creek apartment community located in Morrow, Clayton County, Georgia. This asset is situated in the strategically-located, Clayton County submarket of south Atlanta. Built in 1973, Village at Panther Creek represents an outstanding opportunity to invest in a well-maintained, turn-key asset within one of Atlanta’s top employment corridors. Village at Panther Creek’s attractive debt options and tax advantages allow an investor to enjoy immediate cash on cash returns.
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Village at Panther Creek
121 Units
6668 Mt. Zion Boulevard
Morrow, GA  30260
Type:  Multifamily
Posted: 4/12/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 700-unit Village on Riverwalk apartment community located in College Park, Clayton County, Georgia. This asset is situated in the strategically-located Aerotropolis of south Atlanta. Built in 1970, Village on Riverwalk provides an outstanding opportunity to invest in Atlanta’s most dynamic industrial submarket with unmatched proximity to many of the city’s major employers. The property offers an attractive loan assumption and ample opportunity to increase income by continuing a well established value-add program.
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Village on Riverwalk
700 Units
5327 River Walk Place
College Park, GA  30349
Type:  Multifamily
Posted: 3/7/2024

Cushman & Wakefield, Inc. is pleased to present the exclusive opportunity to acquire the “Villas at 6300” apartment community, a 280-unit multifamily asset located at 6300 West Lake Mead Boulevard in Las Vegas, Nevada.

Villas at 6300 was built in 1997 and offers prospective buyers with the unique opportunity to acquire a desirable asset in a Summerlin-adjacent submarket at a discounted price below replacement cost.

The Charleston Heights neighborhood directly benefits from strong employment drivers in the medical field, with Mountain View Hospital employing approximately 3,000 people in the submarket. Additionally, Whole Foods, Best Buy, and Nordstrom Rack are among some of the walkable amenities in the area. Villas at 6300 is poised to take advantage of one of the premier rental markets in the United States while offering durable in-place cash flows and above-market appreciation opportunities through continued unit renovations. Currently, 101 units (36.07%) remain in classic (tier-1) condition, while 177 units (63.21%) have only been renovated to a partial (tier-2) scope, and just 3 units (1.07%) have been renovated to a full (tier-3) package.

Per CoStar, the 5-mile average household income is nearly $74K and the median household income is approximately $55K per year. The Offering will be offered free and clear. We advise prospective buyers to discuss debt options with our team to be sure that they are underwriting the most competitive and current debt terms.

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Villas at 6300
280 Units
6300 W Lake Mead Boulevard
Las Vegas, NV  89108
Posted: 5/31/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 210-unit Villas at Princeton Lakes apartment community located in Atlanta, GA. The prolific job center, I-20 West/Fulton Industrial District, lies immediately west of Villas at Princeton Lakes and is currently home to over 128M SF of industrial development. Located 15-minutes south of the property, Hartsfield-Jackson International Airport, a $70.9B annual statewide economic driver, further amplifies workforce housing demand and rapid job growth across the area. Multifamily metrics benefit greatly from the lack of supply across the Westside submarket with highly limited deliveries in the last 10 years contributing to increased rent growth. Villas at Princeton Lakes is an exceptional opportunity to acquire a proven value-add asset well below replacement costs.
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Villas at Princeton Lakes
Offers Due:  Tuesday, May 7, 2024
210 Units
751 Fairburn Road
Atlanta, GA  30331
Type:  Multifamily
Posted: 3/25/2024
The Vlasis Park land parcel is a unique, one-of-a-kind opportunity to acquire a premier development site that has been approved for multifamily development. The site consists of three contiguous parcels that total 4.72 acres and the site is vacant and ready for development. The property is truly superior in terms of its West County location, accessibility, demographic profile, and proximity to amenities and upscale housing. The site is located at the northwest corner of the signalized intersection of Manchester Road and Seven Trails Drive, with frontage on four roadways and adjacent to Vlasis Park. Manchester Road is one of the most heavily traveled roadways in the St. Louis MSA with traffic counts at +/- 40,000 vehicles per day at the subject site. The immediate area consists of most national retailers along Manchester Road and residential uses in the secondary positions. The site is located in the Ballwin Multifamily Submarket, which is one of the leading submarkets in the MSA with 5,988 units, effective rent at $1,295/month or $1.40/sf, YOY rent growth at 9.0%, and 97.6% occupancy.
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Vlasis Park Multifamily Land
180 Units
14811 Manchester Road
Ballwin, MO  63011
Posted: 1/23/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the W Flats apartments, a 247-unit apartment community located in Charlotte, NC. The asset is conveniently situated a short 10-20 minute drive to Charlotte’s most prominent employers and amenities, with upcoming access to the proposed LYNX Silver Line light rail, The Pearl Medical Center, and the Eastland Mall redevelopment site. Built in 1986, W Flats represents an outstanding opportunity to invest in the rapidly transforming East Charlotte submarket with a highly desirable demographic pool of sizeable average household incomes, educated residents, and continuous market rent growth. With all 247 units previously renovated and nearly $2.7 million invested since 2015, the property possesses potential additional growth opportunities to close the gap between comparable properties in the submarket, supported by a $345+ rent headroom.
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Under Contract
W Flats
247 Units
7200 Wallace Road
Charlotte, NC  28212
Type:  Multifamily
Posted: 2/7/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile 160 Portfolio – a collection of 160 units spread across five apartment communities in Mobile, AL. Strategically situated within a 15-minute commute to Downtown Mobile, these properties offer residents easy access to the city’s major employment hubs. This portfolio features 79 renovated units commanding an average rent premium of $195, along with a host of exterior and community amenity enhancements. Future ownership stands to benefit from continuing the proven value-add strategy while capitalizing on the in-place revenue growth trajectory.
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Mobile 160 Portfolio (5 properties, 160 units)
Wakefield
Offers Due:  Wednesday, May 15, 2024
49 Units
561 Village Green Dr
Mobile, AL  36609
Type:  Multifamily
Posted: 4/4/2024

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present a master lease housing opportunity, 33 Everett Street. The property consists of 69 rooms, and is located in the Harvard Square area within the heart of Cambridge, Massachusetts. Currently configured for dormitory use, each floor of the building features a common bathroom and lounge space with soft seating, refrigerator, and oven. 33 Everett Street is located on Lesley University’s Doble Campus and has previously been used as student housing. The university would maintain access to the first floor’s commercial kitchen and cafeteria to be shared with the tenant and can deliver the property furnished with existing dormitory furniture.

33 Everett Street is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and universities, technology, and bio-tech employers and many of the region’s best shopping and dining amenities. The building is immediately adjacent to Harvard University and within a 10-minute walk of both Porter and Harvard Stations along the MBTA’s Red Line and Commuter Line.

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White Hall
120 Beds
33 Everett Street
Cambridge, MA  02138
Type:  Residential
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 747-unit Spartanburg Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in one of South Carolina’s most admired cities. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. Immediate areas surrounding the properties boast high average household incomes, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in this booming pocket of Upstate South Carolina. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in a high growth Southeastern market. Built from 1972-1986, the portfolio arrives to the market primed for a Class-A value-add campaign projecting average premiums of $200-$250.
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Under Contract
Spartanburg 5 Portfolio (5 properties, 747 units)
Willow Lakes
95 Units
2900 Reidville Road
Spartanburg, SC  29301
Posted: 7/26/2023
This development site offers 2 opportunities for a developer to potentially construct a variety of product from market rate apartments, single family rentals, age restricted apartments, townhomes, condo’s and single family residential.

The 2 sites are currently a local golf course located in a highly visible suburb of Springfield just minutes from abundant retail, restaurants, and major highways. The 56.7-acre site is prime for a master developer to construct a mixed-use project or a single-family rental, villa project or single-family homes. The 13.7-acre site is ideal for an apartment developer for market rate or age restricted product.
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Windy Knoll Development Site (2 properties, 69.83 acres)
Windy Knoll Driving Range
13.7 Acres
500 Roscommon Dr.
Springfield, OH  45503
Type:  Land
Posted: 4/25/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the listing of the 58-unit Wolfsbridge at Leawood. A top-tier, Class A Build-to-Rent community currently under development in Arkansas’s state capital and largest MSA, Little Rock. This asset is uniquely positioned within a 5-mile radius of the state’s premier healthcare providers, creating a unique competitive advantage to all other BTR assets in Central AR. The Little Rock Class A BTR space is at a necessity, giving a potential new investor the rare opportunity to offer a luxury asset to the market’s most underserved tenant base. Currently under construction, Wolfsbridge at Leawood is estimated to be fully delivered by early summer 2024.
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Wolfsbridge at Leawood
58 Units
Brookside Drive
Little Rock, AR  72227
Type:  Multifamily
Posted: 1/16/2024

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Woods of Williamsburg, a 125-unit asset in the highly desirable Williamsburg submarket. Woods of Williamsburg present investors a pure play value-add opportunity with 100% of units in classic condition. Nearby competitors average rents over $300 in excess of the asset and structuring a programmatic renovation of unit interiors could garner significant rent increases. The Property is located in James City County, one of the top demographic areas of the Hampton Roads region which adds to the asset’s appeal and upside potential. Woods of Williamsburg is one of very few workforce housing assets in Williamsburg, which continues to see new construction based on the favorable demographics, making it an increasingly rare Property which will accelerate its rental demand. It’s location proximate to some of the largest retail and employment nodes in the area adds to its significant appeal. Overall, the Hampton Roads apartment market has been one of the best performing in the Mid-Atlantic region with projected rent growth exceeding that of peer markets Richmond and Washington, DC. Fundamentals in Williamsburg are on par with or exceed the broader market. Woods of Williamsburg presents investors an opportunity to acquire a rare asset, that is in 100% classic condition with significant upside in one of the best demographic areas of the Mid-Atlantic’s best performing apartment markets.

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Woods Of Williamsburg
125 Units
108 Tilghman Ct
Williamsburg, VA  23188

Cushman & Wakefield is pleased to present the exclusive listing of The Worcester Portfolio located in the coveted Elm Park neighborhood of Worcester, MA. The portfolio, an irreplaceable collection of nine (9) former mansions, is configured for short-term rental and dormitory use. The buildings are 100% leased to a local university through July 2029.

The portfolio consists of 262 beds across 122 bedrooms in the 9 buildings, with a mixture of shared and private bathrooms and common facilities. Substantially renovated in 2021/2022, and exceptionally located in the heart of Worcester, the Worcester Portfolio is a rare investment opportunity that offers attractive and secure cash flow and significant long-term upside. The portfolio is offered for sale with an asking price of $19,700,000, equating to 7.0% cap rate on the in-place income.

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Worcester Portfolio
   
41 Cedar Street
Worcester, MA  01609