Cushman & Wakefield/The Lund Company (“C&W/Lund”) is pleased to present Old Mill Apartments, a 248-unit apartment community located in Omaha, Nebraska. Old Mill has maintained stable occupancy and strong cash flow. The immediate area includes many retailers within walking distance and is located within a few blocks from Interstate I-680 allowing for easy access to the rest of the Omaha Metro. With a strong, diverse economy, Omaha continues to have very low unemployment and steady population growth.

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Old Mill Apartments
248 Units
10905 N Mill Court
Omaha, NE  68154
Type: Conventional
Posted: 6/1/2020
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Gulf States Multifamily Team, is pleased to present the exclusive listing of the 40-unit, 200-bed, Old Row at Cloverdale student housing community located in Tuscaloosa, Alabama. This boutique, 2013 purpose-built asset, is located adjacent to the University of Alabama offering direct access to campus within a three minute walk. This investment offers a buyer the opportunity to acquire a quality turn-key asset that is pedestrian-to-campus, at a strong SEC University.
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Old Row at Cloverdale
40 Units | 200 Beds
1335 Cloverdale Road
Tuscaloosa, AL  35401
Type: Student
Posted: 7/22/2019
Coming Soon
Oliver Street Lofts
Offers Due:  Wednesday, July 28, 2021
41 Units
405-417 Oliver Street
Baltimore, MD  21202
Type: Conventional
Posted: 5/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit Orchard Walk apartment community located in Decatur, DeKalb County, Georgia. This asset is situated just south of downtown Decatur, which was recently ranked by Niche.com as the #2 Best Place to Live in Georgia, and is strategically positioned less than 1.5 miles from I-285 and I-20 for connectivity to all of metro Atlanta's key employment areas. Built in 1972 with expansive two and three-bedroom floor plans (1,313 avg. SF), Orchard Walk offers an outstanding opportunity to invest in an attractive, expiring LIHTC asset that was essentially rebuilt in 2006 after major capital investment to secure the tax credits. Current ownership has signed renewals/new leases at $85/$225 increases over old leases.
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Orchard Walk
Offers Due:  Monday, June 21, 2021
204 Units
3800 Flat Shoals Pkwy
Decatur, GA  30034
Type: LIHTC
Posted: 5/7/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 165-unit value-add multifamily offering, Orlando Terrace Apartments, located in Orlando, Florida.

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Under LOI
Orlando Terrace
165 Units
4697 Rose Coral Drive
Orlando, FL  32808
Posted: 3/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1994-built, 110-unit Paladin apartment community and the 1993/1995-built, 44-unit Magnolia Trace, located in growing Greenville, NC. The properties are strategically situated in the path of growth, located within a mile of the ECU College of Nursing, ECU Brody School of Medicine, College of Allied Health Sciences, and Pitt County’s top employer, Vidant Medical Center. Each property offers an untapped value-add opportunity across all units for NOI boosts through a multi-pronged interior upgrade initiative with additional Other Income revenue streams. Greenville’s infrastructure will continue to urbanize as it shifts from an agricultural/manufacturing hub to Medical expertise & white collar workforce, while government employment provides an economic anchor during this generational transition. With no new deliveries scheduled in the area, Paladin and Magnolia Trace are poised to for strong performance with a stout location and sound market fundamentals for years to come.
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Under Contract
Magnolia Trace & Paladin (2 properties, 154 units)
Paladin Apartments
110 Units
400 Paladin Drive
Greenville, NC  27834
Posted: 4/13/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 300-unit value-add multifamily offering, Parc Place Villas, located in Tampa, Florida.

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Under Contract
Parc Place Villas
300 Units
6919 Bonair Drive
Tampa, FL  33617
Posted: 2/17/2021

Cushman & Wakefield is pleased to present a unique opportunity to obtain a 99-year, prepaid ground lease for a ±1.9 net acre, mixed-use development block within the Novus Innovation Corridor at Arizona State University.  This rare opportunity is for Parcel 3A, located on the southwest corner of 6th Street and Rural Road, immediately north of the University Drive light rail station.

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

Parcel 3A is located within Phase III of the Novus Innovation Corridor.  Phase III features the initial portion of a multi-block, Main Street urban retail district called Novus Place.  Stretching from University Drive on the south to Rio Salado Parkway on the north, Novus Place will provide shopping, dining, entertainment and strolling opportunities in an environment that features enhanced paving, landscaping and other pedestrian amenities.  Phase III also includes one million square feet of mid-rise, Class A office space, urban residences, hotel rooms, and a diverse collection of retail shops and restaurants in a walkable, compact, urban setting just north of the University Drive Metro Light Rail station.

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Parcel 3A - Novus Innovation Corridor
1.9 Acres
SWC 6th Street & Rural Road
Tempe, AZ  85281
Type: Land
Posted: 9/3/2019

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

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

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

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

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Under Contract
Parcel 3F - Novus Innovation Corridor
1 Acres
NWC 6th Street & Packard Drive
Tempe, AZ
Type: Land
Posted: 9/23/2018
Cushman & Wakefield is pleased to present a unique opportunity to obtain a 99-year, prepaid ground lease for a ±2.36 gross / ±1.90 net acre multifamily development site within the Novus Innovation Corridor at Arizona State University. This opportunity is for Parcel 3G, located on the southeast corner of 6th Street and Rural Road, north of the University Drive/Rural Road light rail station. Parcel 3G is located within an Opportunity Zone.
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Parcel 3G - Novus Innovation Corridor
   
SEC 6th Street & Rural Road
Tempe, AZ  85281
Posted: 3/17/2021
Park at Sheffield
Offers Due:  Friday, June 18, 2021
316 Units
15601 SW 137th Avenue
Miami, FL  33177
Type: Conventional
Posted: 4/29/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Park Place apartment community located in St. Marys, Camden County, Georgia. This asset is situated along the Georgia Coast in Camden County, a thriving community 32 minutes north of Jacksonville, Florida, and included in the Jacksonville CSA. Park Place is situated near Kings Bay, a highly specialized and stable naval submarine military base that provides 9,000 jobs and a massive $1.1B impact to the region. Built in 1988, Park Place represents a unique opportunity to invest in a proven value-add asset receiving rent premiums of $180, with an ability to capture and garner a 47% ROI.
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Park Place
Offers Due:  Thursday, June 24, 2021
200 Units
11919 Colerain Road
St. Marys, GA  31558
Type: Conventional
Posted: 5/20/2021

Cushman & Wakefield is pleased to present the opportunity to acquire Parkside at East Village, a Class A, 282-unit, three-story, garden-style apartment community located in Lady Lake, Florida.

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Parkside at East Village
282 Units
13765 NE 136th Loop Road
Lady Lake, FL  32159
Posted: 3/22/2021
The Cushman & Wakefield Mid-Atlantic Private Client Group is pleased to present the exclusivel listing of Pembroke Pines in Hampton, VA. Management has made significant capital improvements to the Property in the past two years, including new plumbing, several interior unit renovations, and select new HVAC installations. Pembroke Pines offers investors a significant value-add opportunity with proven rental increases after kitchen and bath upgrades, while increasing operational efficiency. The property is being offered to an investor free and clear of debt, or with the option for a loan assumption. The 42-unit multifamily asset is less than four miles from Sentara Hospital, the second largest employer in Hampton Roads, with more than 20,000 employees in the region.
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Under Contract
Pembroke Pines
42 Units
1625 W. Pembroke Avenue
Hampton, VA  23661
Type: Conventional
Posted: 1/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 35-unit/315-bed Pembrooke Townhomes co-living community located in south metropolitan Atlanta, Clayton County, Georgia. Each expansive (2,880 SF) unit at Pembrooke is well-designed and offers nine beds with a shared kitchen, living, and laundry area. Thirty-one units offer nine private baths, and four units feature four shared baths. The bedrooms are rented by the day or week without traditional leases, and average 75 check-in/check-outs per month with consistently full occupancy. Indeed, the concept of co-living is gaining momentum in regions across the U.S. and rent payments have been higher with co-living assets than apartments amid the Covid-19 Pandemic, according to research reported in Globe Street. Built in 1998, this innovative property offers an outstanding opportunity to invest in a strong-performing asset in the thriving Atlanta aerotropolis submarket.
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Pembrooke Townhomes
35 Units | 315 Beds
5790 Highway 85
Riverdale, GA  30274
Posted: 11/23/2020

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

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

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Pennant Building
   
1701 Locust Street
St. Louis, MO  63103
Posted: 5/20/2019
Cushman & Wakefield’s Northern California Multifamily Advisory Group is pleased to present the exclusive opportunity to acquire the 4.48-acre SMART adjacent TOD site in downtown Petaluma, California (the “Property”). This premium development site is physically connected to the downtown Sonoma Marin Area Rail Transit (“SMART”) station as well as the Petaluma Transit Mall. The Property represents the rare chance to develop a legacy project and define the new transit district of a city while capitalizing on the increased renter demand the SMART service is anticipated to generate. The Property is one of only 3 catalyst sites in the TOD Master Plan and approximately 500 feet away from the Petaluma waterfront with all of downtown’s various amenities. This charming North Bay city, well known for its inviting and walkable downtown, enjoys an attractiveness to Bay Area renters who seek a more balanced quality of life and cost of living. As a result, Petaluma is experiencing solid multifamily fundamentals, with both annual effective rent growth and occupancy up considerably over the previous 2 years.
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Under Contract
Petaluma SMART Development
   
315 D Street
Petaluma, CA
Posted: 4/24/2017
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer PGA Waterfront, a rare opportunity to develop a top-of-the-market, luxury residential community on almost 9 acres. With over 600 feet of Intracoastal Waterway frontage, the property is approved for 70 residential units and 23 boat slips. Existing conceptual plans reflect 220,080 total sellable SF.
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PGA Waterfront Site
8.9 Acres
11511 Ellison Wilson Road
North Palm Beach, FL  33408
Type: Land
Posted: 9/5/2018
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 464-unit Pine Crest apartment community located in North Charleston, SC. The 42-acre site is strategically located near the eclectic neighborhood of Park Circle, offering varied dining and entertainment options, as well as the evolving Charleston Navy Base & Shipyard and easy access to I-26. As one of the few workforce housing assets in the Park Circle submarket, Pine Crest has ideal access to multiple large employers and variety among employment options. Built in 1945 and situated on 42 acres, Pine Crest offers an outstanding opportunity to invest in a value-add proposition that is strongly supported by large rent deltas with rent comparables in the market. In addition to the value-add opportunity, investors will be able to acquire 42 favorably-located acres in a dynamic and growing submarket, expected to only improve with the projected transformative construction and reuse projects planned and currently underway in the area.
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Under Contract
Pine Crest
464 Units
1920 McMillan Ave
North Charleston, SC  29405
Type: Conventional
Posted: 1/26/2021

1 FORMER INCOME RESTRICTED PROPERTY In February of 2021, Pine Glen was released from the Low Income Housing Tax Credit program which restricted the income level of 71% of the units. The new owner can immediately increase rents for new residents (with no restrictions) and can also raise rents for existing income restricted residents at lease renewal between $100 and $300 (varying by floorplan). The property also benefits from a long term Project Based HAP contract in which 39 units receive guaranteed income and are leased to Veterans. This Project Based HAP Contract runs through 2031.

2 VALUE-ADD OPPORTUNITY While well maintained, Pine Glen provides a clear path to complete unit upgrades and achieve rent premiums. With the installation of new LVT flooring, black appliances, laminate countertops, cabinet hardware, and upgraded plumbing and light fixtures, rent can be raised an average $150 per month..

3 GUT REHAB COMPLETED IN 2005 Pine Glen received a MAJOR multi-million dollar renovation in 2005 and provides a look and feel of a property built in the 2000’s. In 2005, all windows, patio doors and roofs were replaced. 100% of the units received new kitchen and bathroom cabinets and countertops, new appliances, flooring, plumbing fixtures and light fixtures..

4 STRONG SOUTHSIDE SUBMARKET The far southside of Indianapolis boasts a very strong rental market with 95% occupancy and achieved an impressive 5.0% rent growth in 2020,, and an average rent of $880..

5 CLOSE PROXIMITY TO STRONG EMPLOYMENT Pine Glen is a 10 minute drive to Downtown Indianapolis with all of the city’s largest employers. University of Indianapolis, which employs more than 600 faculty, is a 5 minute drive from the property..

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Under Contract
Pine Glen
175 Units
4253 Burkhart Drive
Indianapolis, IN  46227
Type: Conventional
Posted: 1/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Plantation apartment community located in Mobile, AL This asset is ideally situated in close proximity to two new major business developments - Amazon and Walmart (1,750+ jobs added last 3 years). Interstate 10 also offers outstanding access to the Mobile Aeroplex, home to Airbus and 2,000+ jobs. The property has averaged 97% occupancy over the last twelve months while steadily increasing total collections. Built in 1977, Plantation represents an outstanding opportunity to invest in a stable property with an excellent performance record in a well demanded market.
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Under Contract
Plantation
120 Units
5725 Old Pascagoula Rd
Mobile, AL  36619
Posted: 1/27/2021

The Cushman & Wakefield Multifamily Advisory group is pleased to present this exclusive offering to purchase the 312-unit "Ely at Centennial Hills“ (Ely) and the 312-unit "Pointe at Centennial Hills“ (Pointe). Ely & Pointe are located in the highly desirable Centennial Hills submarket, which experiences drivers from nearby shopping, high-end medical employment hubs, and recent development trends & high-end residential communities.

Investors are welcome to submit offers on Ely and Pointe as a portfolio, or individually, as each property is operated separately, with its own clubhouse, amenity space, and leasing office. Ely has recently undergone a massive renovation program, including a full overhaul of the clubhouse, leasing office, and amenity space, while 14% of the units were elevated to a full renovation scope. Pointe, on the other hand, has remained largely in classic condition, with ownership maintaining the partial renovation scope from prior ownership while operating for natural market growth.

In turn, fully renovated units are achieving $430 over the prior leased rate at Ely, while Pointe has maintained excellent occupancy and organic rent growth above the market.

ESMI ranked Las Vegas at #2 on their Talent Attraction Scorecard, and Yardi ranked Las Vegas at #3, nationally, for rent growth among major metros. Centennial Hills is emerging as one of the more "core" submarkets in Las Vegas and rent growth has been supported by this shift. This offering will give investors the unique opportunity to scaleup in Las Vegas & the booming northwest valley.

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ECH x PCH (2 properties, 624 units)
Pointe at Centennial Hills
312 Units
5850 Sky Pointe Dr
Las Vegas, NV  89130
Type: Conventional
Posted: 5/13/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 342-unit Portofino apartment community located in Mobile, AL. The asset was purchased in 2017 and subsequently received $11.9M of CAPEX to principally deliver a brand-new asset. The Mobile MSA has experienced significant wins in recent years with large projects initiated by Walmart, Amazon and Airbus which are providing for job growth and heavy capital expenditures. Built in 1973 and 100% revitalized, Portofino offers an outstanding opportunity to invest in a cash-flowing asset that is poised to generate strong returns through second generation leases.
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Portofino
Offers Due:  Wednesday, June 23, 2021
342 Units
3907 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Posted: 5/12/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Preserve at Woods Lake apartment community located in Greenville, SC. This asset is situated in the Central Greenville submarket which is characterized by its impressive 3-mile demographics as average HHI’s are $87k+ and projected to rise 14% through 2025, 46% of the population has a Bachelor’s Degree or higher and 67% of people work a white collar job. Built in 1997, Preserve at Woods Lake offers new ownership an opportunity to implement a value-add 2.0 campaign to align the property with features that rival Class-A product in the market and command average premiums of $129 across all unit sizes.
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Under Contract
Preserve at Woods Lake
232 Units
412 Woods Lake Road
Greenville, SC  29607
Type: Conventional
Posted: 2/10/2021