Contact CW Team for NDA and Additional Information Demogrpahics Avg. Income 1-Mile - $137,000 Avg. Home Value 1-Mile $420,000 Traffic Counts I64 - 160,000 VPD I170 - 94,000 VPD Brentwood Blvd. - 33,000 VPD

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Salamanca Apartments (the “Property”) a 23-unit property located at 126-134 Salamanca Avenue in Coral Gables.

The property is situated in walking distance to Downtown Coral Gables and its famed Miracle Mile. Built in 1964, the property has its 40 year certification, is well maintained and provides notable value-add upside potential. With an average asking rent of $2,869, the Coral Gables submarket has the highest rent in all of Miami-Dade. Market rents at the property are $1,976. With a modest value-add program, Cushman & Wakefield estimates the units can rent for an average of $2,189 per unit, which would still be notably below the submarket average. Current ownership has renovated 13 units. Roofs were replaced in 2013.

Salamanca Apartments has 20 one-bedroom/one-bathroom units and three two bedroom/one-bathroom units averaging approximately 523 square feet. 15 of the units are loft style, featuring downstairs living area and upstairs bedrooms. The property has been historically 100 percent occupied. Most of the tenants are young professionals that work from home or within the close vicinity of the property.

The property provides 23 onsite parking spaces. The property is available by itself, or as a portfolio of properties including:

223 Antilla Avenue, Coral Gables :: 12 units

Biltmore Villas :: 416 Santander Avenue, Coral Gables :: 30 units

Ivy Cove :: 6805 SW 88th Street, Pinecrest :: 19 units

Bayview 30 :: 3626 NE 168 Street, North Miami Beach :: 30 units

Greenview :: 1051 NE 163rd Street, North Miami Beach :: 36 units

Barcelona Apartments :: 905 W 29th Street, Hialeah :: 22 units

The Property has exceptional proximity to jobs, dining, and nightlife within Downtown Coral Gables. Within a one-mile radius of the Property there is 8.9 million square feet of office space; over 40,000 jobs and an average household income of $84,000.

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Salamanca Apartments

23 Units

134 Salamanca Ave
Coral Gables, FL 33134

Posted: 2/27/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 70-unit Salem Terrace apartment community located along the I-20 manufacturing corridor in Covington, Newton County, Georgia. This asset sits within a well-performing multifamily submarket, which as demonstrated excellent rent and occupancy trends during the past decade. Built in 1977, Salem Terrace arrives to market with ample rent upside and a proven value-add initiative in place.

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Salem Terrace

70 Units

3400 Salem Road
Covington, GA 30016

Type: Conventional

Posted: 10/24/2022

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

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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

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Spoke, a 224-unit institutional multifamily asset located in Atlanta’s booming Eastside submarket. Strategically rooted in Edgewood, surrounded by game-changing development, the emergence of Atlanta’s Eastside positions Spoke for continued rent growth. The asset’s ideal location provides unmatched access to Atlanta’s Eastside BeltLine Trail and energetic Eastside nodes. Spoke presents an attractive opportunity to acquire an urban infill asset with multiple acquisition options including new debt and assumption of existing debt with enticing metrics. Furthermore, six years of remaining tax abatement provide additional boost to yield.

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Spoke

Offers Due: Tuesday, April 11, 2023

224 Units

1450 La France Street
Atlanta, GA 30307

Posted: 3/1/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Square9, a mixed-use asset with 325-units of multifamily, and 16,950 SF of retail, built between 2009 and 2014 in rapidly-growing Denton, Texas. Square9 is located within Denton, Texas, a city situated at the far-north edge of the Dallas/Fort Worth metroplex near the junction of I-35 East, I-35 West, and Highway 380. This attractive asset is primely positioned in a supply constrained micro market proximate to prominent employers, exceptional public infrastructure, top-notch schools, the Denton Square, and enormous retail epicenters. The property is a direct beneficiary of Denton’s exceptional tailwinds which consist of notable achievements such as 15.8% population growth and 19.7% employment growth since 2017. The aforementioned growth has attracted even more investment to the area, with 780,000 SF of retail space and 5.3 MM SF of industrial space adding a bevy of new jobs to the area over the coming months. In addition to Square9’s irreplaceable location and alluring submarket fundamentals, the asset offers investors the opportunity to acquire an attractive, cash-flowing property with value-add potential on 25% of the units.

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Square9

325 Units

315 S Locust Street
Denton, TX 76201

Posted: 3/7/2023

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.

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

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 2 property, 384-unit Portfolio, The Jasper and The Belmont. Located in the highly sought-after submarkets of Columbia County and West Augusta, both properties provide immediate access to the market’s major employers and top retail corridors via 1-20 and I-520. Additionally. The Belmont is located in Columbia County, having a best-in market school system as well a limited development pipeline due to the in-place multifamily moratorium. Built in 2003 & 2004, this portfolio offers an outstanding opportunity to gain immediate scale in high growth markets through highly capitalized assets ($2M+ in CapEx at each community) with proven value-add programs achieving $230+ average rent premiums.

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The Jasper & The Belmont (2 properties, 384 units)

The Belmont

Offers Due: Wednesday, April 26, 2023

192 Units

650 Thoroughbred Lane
Evans, GA 30809

Type: Affordable Housing

Posted: 3/27/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Brittany, a 214-unit apartment community located in the sought-after Burlington, NC submarket. Built in 1973, The Brittany has recently received a $1.6M+ capital infusion and offers investors a premier value add opportunity located in a market bar belled by dynamic major metros, Raleigh-Durham and Greensboro. The property has enormous growth potential as there is currently $300+ worth of rental headroom to top of the market competitors. New ownership has the opportunity to continue to increase rents through the implementation of a proven value-add program, as well as organic rent growth within the submarket. The Brittany is centrally located and a short distance from Burlington’s biggest retailers and tourist attractions including Alamance Crossing and Red Oak Brewery. Additionally, six major companies have recently announced major investment into the Triad, with Burlington primed to feed off the large economic growth of the region.

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The Brittany

Offers Due: Thursday, April 27, 2023

214 Units

706 Huffman Mill Road
Burlington, NC 27215

Type: Conventional

Posted: 3/21/2023

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, a 192-unit institutional asset strategically located in historically underserved Destin, Florida. The asset is ideally situated within walking distance of Florida’s Gulf Coast, offering residents convenient access to some of the most renowned beaches in the United States. The Charles offers residents a beach-style living experience with immediate proximity to all of Destin’s unique and high-quality lifestyle amenities. Furthermore, Destin boasts an outstanding demographic profile with $115K+ average household income within two miles of the asset. Since delivering its first units in September 2021, management has successfully pushed rents over 23%. The Charles premier finishes, curated amenities, and first-class location present an outstanding investment opportunity. The Sponsor is seeking a loan commitment at 60%-65% LTV on a 5 year targeted hold period, with a 90/10 equity split.

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The Charles

192 Units

1015 Highway 98 East
Destin, FL 32541

Type: Conventional

Posted: 3/20/2023

The Cushman & Wakefield Mid-Atlantic Single-Family Advisory Group is pleased to present The Cobham Portfolio located in Baltimore, MD. The Offering is comprised of 11 single-family rental units located throughout Baltimore City. The Portfolio is well positioned for an acute value-add business plan executing a leasing strategy to attract renters receiving housing vouchers and rental subsidies. Residents are afforded outstanding access to significant employers, education institutions, retailers, dining and entertainment in their respective neighborhoods. Major employers near the clusters in the portfolio include Johns Hopkins University (25,000 employees), Johns Hopkins Health System (19,340 employees) and MedStar Health System (6,027 employees).

The Cobham Portfolio contains 11 Baltimore City homes offering an investor the opportunity to acquire a value-add portfolio with ample room to increase rents, following light interior renovations, and implementing a voucher-driven leasing strategy, with market rents averaging $1,663 across the eleven properties.

Emerging as one of the most attractive asset classes to both institutional and private investors, Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include an average median rent of $1,700 per month for three-bedroom homes and Y-O-Y rent increase of almost 10%. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels..

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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