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
49 Units
561 Village Green Dr
Mobile, AL  36609
Type:  Multifamily
Posted: 4/4/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Triad Value-Add Portfolio community located in Greensboro and High Point, NC. Meadowbrook Apartments (High Point), Westwood Heights (High Point), and Glenside Woods (Greensboro), are in one of the highest growth regions of the country. The portfolio offers an outstanding opportunity to invest in an area with industry growth, diversification, and connectivity. The in-place value-add program at each property has lead to $125+ premiums on renovated units over classic units. By completing the unit renovations, incoming investors can increase annual revenue by 25%+.
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Triad Value-Add 3 Portfolio (3 properties, 288 units)
Westwood Heights
80 Units
201 Dorothy Street
High Point, NC  27260
Type:  Multifamily
Posted: 10/23/2023

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 Value-Add 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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Coming Soon
Woods Of Williamsburg
125 Units
108 Tilghman Ct
Williamsburg, VA  23188
Posted: 4/25/2024

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