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
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
210 Units
751 Fairburn Road
Atlanta, GA  30331
Type:  Multifamily
Posted: 3/25/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Villas by the Lake apartment community located in Jonesboro, Clayton County, Georgia. This asset is situated in the strategically-located Clayton County submarket of south Atlanta. Built in 2003, Villas by the Lake represents an outstanding opportunity to invest in an asset offered well below replacement cost in Atlanta’s premier logistics and employment corridor. The attractive assumable debt and renovated value-add potential establish Villas by the Lake as a best-in-class asset for investors.
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Villas by the Lake
Offers Due:  Friday, July 26, 2024
256 Units
1 Lakeview Way
Jonesboro, GA  30238
Type:  Multifamily
Posted: 6/21/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 146-unit Vivo Port Royal apartment community located in rapidly growing Port Royal, SC. Bounded by the resilient industries of medical, military, and tourism, Vivo Port Royal sits less than two miles from Beaufort’s two major hospitals, the Naval Hospital Beaufort (1.5k+ jobs) and Beaufort Memorial Hospital (1.3k+ jobs). Residents at Vivo Port Royal are set to benefit from the fruitful surrounding demographics with avg. household incomes to increase 11% and eclipse $100k by 2027, a dominant white-collar workforce (62%), and a dwindling multifamily pipeline. Built in 1986 and renovated in 2022, Vivo Port Royal arrives to the market with a recent capital infusion of over $6M, including both interior and exterior renovations. Through the implementation of a Value-Add 2.0 enhancement, new ownership has the opportunity to further improve unit interiors to be able to push rents ~$215 and help bridge the rent delta to submarket competitors.
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Vivo Port Royal
146 Units
1660 Ribaut Road
Port Royal, SC  29935
Posted: 5/28/2024
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 proud to present the exclusive listing of Walker Heights, a brand-new, 77-unit Build-To-Rent (BTR) community in the prominent Nine Mile neighborhood of Pensacola. Built in 2024, Walker Heights presents a brand-new townhome asset, strategically located in the prominent Nine Mile submarket of north Pensacola. The Nine Mile Submarket allows residents convenient access throughout the metro and to other economic drivers. Pensacola’s market has demonstrated strong fundamentals, with population growth outpacing the national average by more than double, and 7% annual rent growth since 2018. Nearing completion and already 52% pre-leased, Walker Heights offers a rare unit mix of all 3-bedroom, 2.5-bath townhomes with large floor plans (1,490 avg SF) and single-car garages included in all units. Currently trailing conventional multifamily 3BR rents by more than $0.20/SF, Walker Heights presents new ownership with an outstanding opportunity to acquire a BTR asset just minutes away from major employers in a centrally located, high-growth market that is currently experiencing excellent leasing momentum.
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Walker Heights
Offers Due:  Tuesday, July 23, 2024
77 Units
9896 Mcluvin Road
Pensacola, FL  32534
Type:  Single-family
Posted: 6/4/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Waters at Ransley, a 336 unit, 2023/2024 built apartment community located in Pensacola, FL. The asset is strategically positioned in the desirable West Nine Mile submarket of Pensacola, in a high-visibility corridor between I-10 (48K+ VPD) and W Nine Mile Rd (24K+ VPD). The property offers residents convenient access to the metro’s major employers, situated less than 4 miles from Navy Federal Credit Union’s $1B+ campus (10K+ employees by 2026) and just 10 minutes from the brand-new Baptist Health Care hospital campus (1,600K+ employees), totaling a combined economic impact of $5.4B+.

With first units delivered in 2023, and final construction completed in 2024, the property boasts an impressive lease-up performance, capped off by an astounding 31 move-ins in April. This lease-up momentum nearing stabilization positions the asset for agency debt. In addition to stellar leasing momentum, the property is experiencing robust rent growth with latest leases achieving an impressive 6.5% increase over the current rent roll average. The property features top of the line finishes, a luxurious amenity package, and quality construction by a design-build contractor with a proven track record of excellence. With $92K average HHI at the property, and $94K+ within a 2 miles radius, the property is poised to build upon its strong tenant base. The Waters at Ransley offers the next investor a chance to acquire a prized asset, within a desirable, high-visibility corridor, with excellent leasing trends in one of the nation’s top multifamily markets.

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Waters at Ransley
Offers Due:  Wednesday, July 24, 2024
336 Units
8890 Ransley Station Boulevard
Pensacola, FL  32534
Type:  Multifamily
Posted: 6/10/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit West Brook apartment community located in Macon, Bibb County, Georgia. This asset is strategically located in southwest Macon, moments away from premier retail like Sam’s Club, Best Buy, Kroger, The Home Depot, and the Macon Mall Redevelopment and Amphitheater. Built in 1971, West Brook represents an outstanding opportunity to invest in proven value-add with immediate upside and over $1.3M in CapEx projects. With 39% classic units remaining, new ownership can boost rents an additional $130 by continuing the in-place renovation program and elevating with black appliances, new lighting, hardware, backsplash, and modern paint.
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West Brook
96 Units
4406 Chambers Road
Macon, GA  31206
Type:  Multifamily
Posted: 7/8/2024

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
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±6.86-acre Willows at Burlington Multifamily Development Site. The site is pad-ready and zoned PD with permits for 205 apartment units in hand, allowing a developer to begin vertical construction upon closing. Located within Burlington’s main retail corridor and with easy access to both I-40/I-58 and US Hwy 70, future residents will enjoy convenient drives to the best that Burlington and the Triad has to offer. Burlington has maintained strong multifamily fundamentals, with household incomes approaching $100K surrounding the site and rent growth >3% projected through 2028. The Willows at Burlington Multifamily Site presents the opportunity to develop a Class A apartment project of scale in the Triad, which is surging with employment growth.
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Willows at Burlington Multifamily Site
6.86 Acres
1408 St Marks Church Rd
Burlington, NC  27215
Type:  Land
Posted: 6/18/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Winding Creek apartment community located in Tuscaloosa, AL. This asset is situated in the highly desirable suburb of southwest Tuscaloosa just minutes away from the metro. The MSA has undergone rapid growth over the past decade due in part to two major economic drivers: The University of Alabama ($2.8B impact) and the Mercedes-Benz plant ($7B investment). Both economic hubs can be reached from the subject property via Route 69 and are less than 15 & 30 minutes away, respectively. Built in 1998, Winding Creek offers an outstanding opportunity to invest in a strong performing asset with value-add upside.
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Winding Creek
80 Units
6802 Old Greensboro Road
Tuscaloosa, AL  35405
Posted: 5/23/2024
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