The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc,. are pleased to present the exclusive listing of the 455-unit Sanctuary Portfolio, which includes four properties located in Shreveport and Alexandria, LA. The immediate submarkets provide healthy fundamentals, where population is outpacing multifamily supply due to excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. The portfolio represents an outstanding opportunity to invest in four value-add opportunities that are all immediately quality contract eligible.
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Under LOI
Sanctuary 4 Portfolio (4 properties, 455 units)
Sanctuary at Whispering Pines
64 Units
6121 Tierra Drive
Shreveport, LA  71119
Posted: 6/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Shoreham apartment community located in Albany, Dougherty County, Georgia. This asset is situated in the desirable Northwest Albany area along arterial corridor, Dawson Road, which quickly connects residents to the market's premier retail and major job hubs. Built in 1968, Shoreham represents an outstanding opportunity to invest in a moderately renovated, proven value-add asset, well located community, poised to benefit from several new jobs coming in the next 12 months, including the brand new Lee County Hospital (350 jobs) and Silicon Ranch's new $220M solar farm (400 jobs).
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Shoreham
176 Units
2001 Dawson Road
Albany, GA  31707
Type: Conventional
Posted: 4/22/2022

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present for sale the Silverbrick Portfolio (Silverbrick Square & Silverbrick Lofts), a unique opportunity to acquire a five-building portfolio located in Springfield, Massachusetts. The Silverbrick Portfolio features 380 recently renovated units and 14 retail units in the heart of downtown Springfield.

The portfolio is conveniently located in downtown Springfield, the economic center of Western Massachusetts. These luxury buildings feature recently renovated units with architectural details such as exposed bricks, reclaimed wood beams, arched windows, and high ceilings. Residents benefit from a substantial employment base as some of the region’s largest corporate headquarters are located in Springfield, including MassMutual, one of the largest fortune 500 companies in the Commonwealth. The portfolio is short walk from dining, shopping, museums, & transportation and is adjacent to the MGM Springfield Casino, boasting the largest gaming floor in Massachusetts. Visitors from all over New England are also drawn to the area to experience Six Flags New England and The Big E (the Eastern States Exposition). These local attractions create a strong employment base and generate substantial tourism leading to the growth of Springfield and surrounding towns.

The Silverbrick Portfolio is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "call for offers".

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SilverBrick Portfolio (2 properties, 380 units)
Silverbrick Lofts
266 Units
15 Taylor Street
Springfield, MA  01103
Posted: 5/10/2022

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present for sale the Silverbrick Portfolio (Silverbrick Square & Silverbrick Lofts), a unique opportunity to acquire a five-building portfolio located in Springfield, Massachusetts. The Silverbrick Portfolio features 380 recently renovated units and 14 retail units in the heart of downtown Springfield.

The portfolio is conveniently located in downtown Springfield, the economic center of Western Massachusetts. These luxury buildings feature recently renovated units with architectural details such as exposed bricks, reclaimed wood beams, arched windows, and high ceilings. Residents benefit from a substantial employment base as some of the region’s largest corporate headquarters are located in Springfield, including MassMutual, one of the largest fortune 500 companies in the Commonwealth. The portfolio is short walk from dining, shopping, museums, & transportation and is adjacent to the MGM Springfield Casino, boasting the largest gaming floor in Massachusetts. Visitors from all over New England are also drawn to the area to experience Six Flags New England and The Big E (the Eastern States Exposition). These local attractions create a strong employment base and generate substantial tourism leading to the growth of Springfield and surrounding towns.

The Silverbrick Portfolio is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "call for offers".

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SilverBrick Portfolio (2 properties, 380 units)
Silverbrick Square
114 Units
122 Chestnut Street
Springfield, MA  01103
Posted: 5/10/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.39 acre, Build-to-Rent development opportunity located in the surging Simpsonville area of the Greenville MSA, SC only 20 minutes from Downtown Greenville, in the heart of the ‘Golden Strip’ area, one of the fastest growing regions in the Southeast. The entitled land is zoned by-right for 14 units per acre (117-unit maximum density), and significant due diligence has been completed for a site plan of 101 Build-to-Rent Townhome units, giving developers the flexibility to leverage the current template or implement their own plans. The Simpsonville BTR site is positioned in the southeastern submarket of the Greenville MSA, within one of the fastest growing and affluent markets in South Carolina, with 37% population growth in the last 10 years and $109,200 average HHI within a 1-mile radius of the site.
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Simpsonville BTR Development Site
8.39 Acres
215 Stenhouse Rd
Simpsonville, SC  29680
Type: Land
Posted: 6/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Amalfi at Tuscan Lakes, a 328-unit, 2008-built apartment community, and Sorrento at Tuscan Lakes, a 204-unit, 2008-built apartment community, both located in the Houston MSA in League City, Texas. Amalfi and Sorrento at Tuscan Lakes offer prospective buyers an extraordinary opportunity to acquire timeless institutional product with immense value-add potential and below-market in-place debt in an established and continuously growing submarket of Houston, Texas. Momentus tailwinds including a multitude of employment centers spanning a variety of industries, an array of amenities and attractions, healthy demographics, hearty rent growth projections, and notable developments proximate to the assets will ensure that these assets continue to prosper.
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Amalfi & Sorrento at Tuscan Lakes (2 properties, 532 units)
Sorrento at Tuscan Lakes
204 Units
1455 Louisiana Avenue
League City, TX  77573
Type: Conventional
Posted: 12/13/2022

$4.7M+ IN CAPITAL IMPROVEMENTS SINCE 2016

A significant amount of capital has been spent improving the property. Items included converting commercial spaces into 10 residential units, a new building for the office, fitness center and maintenance shop, and lightly upgrading 185 units, among numerous other improvements.

UPSIDE POTENTIAL

Additional improvements could be made to the property, equating to increased rents upon turnover and reduction of loss to lease. Suggestions are to convert the remaining 13 commercial spaces to residential units, and upgrade the remaining 21 "classic" units with modern finishes.

DIVERSE UNIT MIX WITH DESIRABLE FLOOR PLANS

The property offers a floor plan for nearly everyone with studio, one-bed, two-bed and three-bed unit styles, as well as flats and popular townhome options. Nearly 30% of units are spacious townhomes averaging 1,013 SF, and offer a fenced patio and washer/dryer connections.

HIGH TRAFFIC LOCATION ON POPULAR SOUTH SIDE

South & Madison benefits from direct visibility on high-traffic Madison Avenue (18,135 vehicles per day). Residents enjoy extremely convenient access to the University of Indianapolis, downtown Indianapolis and the south side’s best shopping and dining options including the popular Greenwood Park Mall.

1,401-UNIT PORTFOLIO OPPORTUNITY

South & Madison can be purchased individually, or together with Brickyard Flats (412 units) and Legend at Speedway (773 units), for a total portfolio of 1,401 units, offering instant economies of scale.

 

     
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South & Madison
216 Units
1819 Madison Village Dr
Indianapolis, IN  46227
Type: Conventional
Posted: 1/25/2023
Cushman & Wakefield is pleased to offer this exciting development opportunity in downtown Fort Lauderdale’s emerging “South of the River” submarket. This offering is positioned along the south side of SE 7th Street, just two blocks south of the New River and within a short walk to Las Olas Boulevard.

The site is zoned RAC-CC, permitting intense, mixed-use development and is ideally suited for high-rise residential development and/or offices. The property is positioned in the southern end of the Fort Lauderdale CBD, in the path of development with several large-scale projects already planned nearby.
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South of River South
1.62 Acres
711 SE 2nd Avenue
Fort Lauderdale, FL  33301
Type: Land
Posted: 1/25/2022

INVESTMENT HIGHLIGHTS

Partially Renovated with Remaining Upside

Close to Amenities & New NGA Campus

Strong Employment Centers

Growing Market Fundamentals

Average rents in St. Louis increased by 8.9% from 2021 to 2022 with average occupancy at a historic high level 92.3%

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Under Contract
Sportsmans Place Apartments
68 Units
3024 Kossuth Avenue
St. Louis, MO  63107
Type: Conventional
Posted: 9/19/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Station 21 (the “Property”) - a Class A, 90-apartment home, luxury low rise residential community located in Hialeah, Florida. The property is available to be acquired upon receiving its certificate of occupancy which is slated for Q1-Q2 2023.

Ownership will guarantee new first time leases with average rents of $1,900 for the 36 one bedroom units, $2,200 for the 9 smaller sized two bedrooms and $2,300 for the 45 larger sized two bedroom units if they are engaged to lease the units on behalf of a new owner.

The property is strategically located adjacent to the Hialeah Metrorail Station. The Hialeah Metrorail Station operates from 5am to midnight and provides an 18 minute commute to Downtown Miami; 5 minutes to the Tri-Rail/Metrorail Transfer Station and 17 minutes to the Miami International Airport Station.

Station 21 apartments is being offered for the first time by its developers, Prestige Builders, and presents a rare opportunity to acquire a new construction, Miami-Dade apartment garden community in a centralized location with exceptional connectivity and accessibility.

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Station 21
90 Units
102 E 21st Street
Hialeah, FL  33010
Posted: 9/27/2022
Station Avenue
7.5 Acres
900 Enterprise Drive
Rohnert Park, CA  94928
Type: Land
Posted: 1/5/2021
Cushman & Wakefield, as exclusive advisor, is pleased to present a AAA garden-style asset located in Hollywood, Florida within the desirable Emerald Hills neighborhood. Stellar at Emerald Hills features 197 units with an average unit size of 1,040 square feet. Specifically designed to appeal to the affluent, renter-by choice demographic, the property features top-of-the-market unit finishes and community amenities.
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Stellar at Emerald Hills
197 Units
5840 Lakeshore Drive
Hollywood, FL  33312
Posted: 8/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Summer Place apartment community. The asset is situated in the rapidly expanding West Mobile submarket, which has experienced 14% rent growth over the past two years and 95% average occupancy. Located minutes away from Airport Blvd and Interstate-65, the asset offers residents convenient access to all of Mobile’s economic job drivers, retail amenities and recreational activities. Built in 1975, Summer Place offers new ownership an outstanding opportunity to invest in a market backed value-add asset offered at an extremely attractive basis with significant operational upside.
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Summer Place
136 Units
557 Azalea Road
Mobile, AL  36609
Type: Conventional
Posted: 9/28/2022
Sundance Garden offers an excellent opportunity to purchase a stable turnkey community. The current ownership has recently painted the exterior, completed a landscaping refresh and resealed/striped the parking surface. Of the 40 units, 33 have been updated with varying degrees of finishes. Property features a diverse unit mix of studios, one bedroom and two bedroom units. There is a significant loss to lease for a new investor to capitalize on with natural turnover and as rent increases get implemented over the next couple of years. Strong RUBS collections in place offsetting close to 100% of the utility expense.
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Sundance Garden
40 Units
3825 & 3831 Annadale Lane
Sacramento, CA  95821
Type: Conventional
Posted: 11/16/2022

Cushman & Wakefield, Inc. is pleased to present the exclusive opportunity to acquire the Revolution and SUR 702 apartments, a portfolio offering consisting of two newly-constructed assets in Henderson and Las Vegas, Nevada, respectively.

Revolution and SUR 702 were built by Nevada West Development, the leading developer of class A multifamily in Nevada, and were delivered in 2019 and 2020, respectively. The assets offer thoughtfully efficient floor plans with market leading finishes and amenities that include expansive fitness centers, co-working spaces, and multiple resort-style pools. The portfolio offers investors the opportunity to attain immediate scale in one of the premier rental markets in the United States. Additionally, the properties offer durable in-place cash flow and above-market appreciation opportunities.

The properties are located in two of the highest-ranking submarkets in the greater Las Vegas MSA and exemplify some of the strongest demographics, as well. West Henderson and Mountain’s Edge are poised to experience above-average rental growth as Las Vegas continues to grow.

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Revolution & SUR 702 (2 properties, 656 units)
SUR 702
316 Units
6614 Blue Diamond Rd
Las Vegas, NV  89139
Posted: 12/21/2022

CLEAR VALUE-ADD POTENTIAL

The Sycamores is perfectly positioned for supplemental upgrades. A new owner could increase revenue by fully upgrading all units, adding washer/dryer connections, building additional units, renting storage units and extra carports, and re-purposing the tennis courts.

CAPITAL INFUSION

The current owner has completed over $1.6 Million in improvements. These include light upgrades to 105 unit interiors, 22 new roofs, new bark park, new playground, updated clubhouse, two new BBQ areas, and upgrades to the pool area.

UPSCALE, GROWING SOUTH SIDE SUBURB

Residents enjoy quick access to Downtown Indianapolis’ diverse employment options and well-performing schools. Less than two miles south is the city of Greenwood, a sought-after south suburb with a fast-growing population and high average household incomes.

PROXIMITY TO AREA'S BEST AMENITIES

The property has excellent visibility along the high-traffic Stop 11 Road. Residents benefit from quick access to US-31, Madison Avenue and SR-135—dense corridors filled with shopping, dining and entertainment options.

EXCELLENT FLOOR PLANS

The Sycamores offers spacious, open floor plans with desirable layouts in one, two and three bedroom unit styles.

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Under Contract
Sycamores
210 Units
1614 E. Stop 11 Road
Indianapolis, IN  46227
Type: Conventional
Posted: 4/13/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Parkway Square & Tally Square, a 505-unit, two-property value-add opportunity, located in Tallahassee, Florida.

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Under Contract
Parkway Square & Tally Square (2 properties, 505 units)
Tally Square
228 Units
1112 S. Magnolia Drive
Tallahassee, FL  32301
Posted: 9/2/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 454-unit The Arbors at East Cobb apartment community located in northwest suburban Atlanta, Cobb County, Georgia. This asset is situated within the 120 Loop in Marietta, less than one mile east of the I-75 corridor. The property benefits from a well-performing multifamily submarket, which is contributing to an impressive 20% rent growth in Cobb County. Built in 1975, The Arbors at East Cobb offers an outstanding opportunity to invest in a proven value-add opportunity with significant upside for the next investor.
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The Arbors at East Cobb
454 Units
1805 Roswell Road
Marietta, GA  30062
Type: Conventional
Posted: 5/4/2022
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Centerpoint Tower (“The Property”), in Baltimore, MD. The property is in a prime area of downtown Baltimore, within an opportunity zone, and proximate to the largest demand drivers in the city. The Centerpoint Tower totals 221- units and is comprised of a 2005 built apartment asset and a 406 space structured parking garage which is included in the offering. The Centerpoint Tower offers investors significant value-add upside through the renovation of unit interiors and additional expense efficiencies with a modernization of the property’s utility system. The property’s location, modern unit design and stunning downtown views make it highly desirable from a rental standpoint, but rents lag the overall market and nearby Class A competitors. Renovating unit interiors will allow a new investor to increase rents and still be attractively priced relative to competing properties. The Property is located within walking distance to Baltimore’s Central Business District’s main commercial corridor (Pratt Street) and in proximity to one of the city’s largest employers, University of Maryland Medical Center, which provides consistent tenant demand. The Centerpoint Tower presents a rare opportunity to acquire a first generation value add asset with operational upside in the path of growth proximate to downtown Baltimore’s largest demand drivers.
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The Centerpoint Tower
221 Units
8 N Howard Street
Baltimore, MD  21201
Type: Conventional
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Charles, 192 units in an irreplaceable location within walking distance to some of Florida’s nicest beaches. The Charles offers residents a beach-style living experience with close proximity to all of Destin’s high-quality lifestyle amenities. The area is home to some of the nicest beaches (walking distance to property) in the U.S. which continues to drive strong population and rent growth, respectively. Since delivering in September, management has successfully pushed rents over $440. Built in 2021/22 with institutional quality finishes and aesthetics, The Charles represents an outstanding opportunity to invest in a best-in-class asset with extraordinary leasing trends in the highly desirable Destin submarket.
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The Charles
192 Units
1015 Highway 98 East
Destin, FL  32541
Type: Conventional
Posted: 3/22/2022

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..

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The Cobham Single-Family Portfolio
11 Units
522 E. 43rd Street
Baltimore, MD  21212
Type: Single Family Rental
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 296-unit The Columns at Paxton Lane apartment community located in Lilburn, Gwinnett County, GA. This asset is situated in Southeast Gwinnett County, where vacancy has tightened and current Q2 2022 rent growth surpasses 19%, per AxioMetrics. Surrounding the property are several new developments and major employers, including the Amazon Fulfillment Center with over 5K employees. The Columns at Paxton Lane features all classic units, allowing a new investor to implement a significant value-add program. Built and owned by prolific developer ECI since its inception in 1996, The Columns at Paxton Lane represents an outstanding opportunity to invest in a true value-add product in one of the top-performing multifamily submarkets in the nation.
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Under Contract
The Columns at Paxton Lane
296 Units
4305 Paxton Lane
Lilburn, GA  30047
Type: Conventional
Posted: 10/17/2022

The Cushman & Wakefield Student Housing Capital Markets Team in conjunction with RI Marketplace is pleased to present the exclusive listing of The Commons on Pratt, a 134-unit, 135-bed, student housing apartment community at the Indiana University of Pennsylvania (IUP). This asset is situated directly adjacent to IUP with immediate access on the south side of campus. Built in 1968, The Commons on Pratt offers an outstanding opportunity to invest in a well maintained, quality asset, at an extremely attractive basis below replacement costs in a market with no forward development pipeline.

This property will be offered at a reserve auction through the RI Marketplace platform. The auction end date is set for November 17th, 2022.   Visit the RI Marketplace platform here to review the information and set up an account prior to participating in the November auction.

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Under Contract
The Commons on Pratt
134 Units | 135 Beds
657 Pratt Drive
Indiana, PA  15701
Posted: 9/26/2022