The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Bluff
Offers Due:  Thursday, June 10, 2021
216 Units
201 West Montgomery Cross Rd
Savannah, GA  31406
Type: Conventional
Posted: 4/8/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Collier Hills
Offers Due:  Thursday, June 10, 2021
120 Units
1760 Northside Drive
Atlanta, GA  30318
Type: Conventional
Posted: 4/8/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Glenwood
Offers Due:  Thursday, June 10, 2021
254 Units
3939 Glenwood Avenue
Raleigh, NC  27612
Type: Conventional
Posted: 4/8/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Oaks
Offers Due:  Thursday, June 10, 2021
184 Units
3200 Oakwood Village Lane
Atlanta, GA  30341
Type: Conventional
Posted: 4/8/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Pelham
Offers Due:  Thursday, June 10, 2021
422 Units
230 Pelham Road
Greenville, SC  29615
Type: Conventional
Posted: 4/8/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Westchester
Offers Due:  Thursday, June 10, 2021
116 Units
300 Pelham Road
Greenville, SC  29615
Type: Conventional
Posted: 4/8/2021

1 2002 BUILT PROPERTY WITH PROVEN VALUE ADD POTENTIAL

Current owner has completed light upgrades on 120+ units in phases I and II (The Flats – 320 units) and achieves a $60 premium. The new owner can continue with the current upgrade program and further enhance the units to achieve a higher premium of $100+.

2 2016 BUILT LUXURY PHASE PROVES DEMAND FOR HIGH END FINISHES

73 luxury townhomes, all with attached one car or two garages, were built in 2016 as Phase III and lease for 400+ more per unit than the 2002 built flat style units. The townhomes maintain high occupancy proving the demand in the area for luxury finishes.

3 COMPREHENSIVE AMENITY SET

Stone Ridge offers its residents a comprehensive amenity set that, while already in good condition, could be elevated. Amenities include a walking trail around the entire community, large pool with hot tub and adjacent covered outdoor cooking area, fitness center, bark park, basketball court, tennis court and 2 Amazon Hubs.

4 BRICK EXTERIORS & DESIRABLE UNIT FEATURES

The 2002 built phase (The Flats – 320 Units) offers a full brick exterior and desirable unit finishes including open kitchen layouts, washer/ dryer connections and private entrances. The 2016 built phase (The Townhomes – 73 Units) have attached one and two car garages, private entrance and high end luxury finishes.

5 NEAR VAST EMPLOYMENT OPPORTUNITIES

Located immediately adjacent to Ameriplex, a Class A logistics and distribution park with millions of square feet. Additional employment is plentiful near the site.

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Under Contract
Stone Ridge
393 Units
7111 Vedder Dr
Indianapolis, IN  46241
Type: Conventional
Posted: 2/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Summerlin Ridge apartment community. The asset is situated adjacent the region’s largest concentration of retail along Hanes Mall Boulevard and also benefits from a proximate location to I-40 as well as major local highways providing unmatched connectivity throughout the region. The South Winston-Salem Submarket continues to see impressive year-over-year rent growth. An increasingly wealthy population in the immediate 3-mile radius and lack of new deliveries create ideal conditions to support the projected 3.3% average annual rent growth through 2025. Built in 2004, Summerlin Ridge offers investors a proven, high-end value-add platform charging $240 premiums that upon completion would result in a 28% increase to NOI.
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Under Contract
Summerlin Ridge
120 Units
2425 Summerlin Ridge Road
Winston-Salem, NC  27103
Type: Conventional
Posted: 3/3/2021

1 FREE & CLEAR – 5% TRAILING 12 CAP

Suncrest can be purchased free and clear for a 5% cap rate on T-12. In 2020, rental revenue grew by more than 8% at Suncrest and the property maintained 95%+ occupancy. For many years the property has maintained both high occupancy and collections and provides reliable cash flow day one.

2 FULLY RENOVATED PROPERTY

While originally constructed in 1986, Suncrest was fully renovated in 2015/16. The property’s unit finishes rival those of new construction properties but yet offer at a lower overall rental rate..

3 FURTHER RENT GROWTH VIA VALUE ADD

$50 rent bumps are achievable via washer/ dryer hookups in the 32 remaining units (no laundry contract in place) and creating additional property amenities.

4 LESS THAN 7 MILES FROM DOWNTOWN

Suncrest residents can be downtown Indy in a quick 15 minute or less drive. Employment and entertainment options are plentiful downtown and are very easy to access from the property..

5 WEST SIDE EMPLOYER & AMENITY CONNECTIVITY

The convenient location on Washington Street, a major Indianapolis east-west thoroughfare, offers residents a short drive to Indy’s largest job centers and amenities on the west side..

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Under LOI
Suncrest
140 Units
1135 Suncrest Circle
Indianapolis, IN  46241
Type: Conventional
Posted: 3/31/2021

Cushman & Wakefield is pleased to present the exclusive listing of Sunset Marina, the newest waterfront Class-A rental community in the Florida Keys and the only waterfront multifamily rental in Key West. A shortage of rental supply, limited land and limitations on new residential development make the Florida Keys one of the most supply constrained markets in the U.S. Sunset Marina is ideally situated with over 950 feet of direct water frontage on Stock Island in Key West.

The property features 60 spacious townhome units that average 800 square feet. All units are two bedroom/two bathrooms. The property is 98.3% occupied with average market rents of $3,045 per unit. The property includes 23 market rate units and 37 workforce units. The majority (30 out of 37 units of the workforce units) allow for a mix of moderate and middle income which is defined as 110% of 120% of AMI. Adjacent to the property is Sunset Marina a 165-slip marina. Out of 60 units, the 52 (87%) have direct water frontage whereas the remaining 8 units have partial water views.

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Under Contract
Sunset Marina
60 Units
5555 College Road
Key West, FL  33040
Posted: 2/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 115-unit Northlake apartment community, and the 159-unit Tanglewood apartment community, located in Warner Robins, Houston County, Georgia. The assets are situated strategically just north of major retail centers including Walmart Neighborhood Market, Home Depot, Lowe’s, TJ Maxx, Target, Kroger, and more. Built in 1967 and 1978, the portfolio represents an outstanding opportunity to invest in value-add ready assets in a superb submarket with strong growth indicators and market fundamentals, as Middle Georgia maintains its place as one of Georgia’s leading secondary markets.
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Under LOI
Northlake & Tanglewood (2 properties, 274 units)
Tanglewood
159 Units
1005 Elberta Road
Warner Robins, GA  31093
Posted: 4/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 175-unit Tanyard Park apartment community located in Louisville, Kentucky. This asset is situated in Bullitt County's industrial and e-commerce community with close proximity to UPS Worldport and Amazon Fulfillment Center south of Louisville. Built in multiple phases between 2003 and 2009, Tanyard Park offers an outstanding opportunity to invest in an interior value-add asset located among some of Bullitt County's largest e-commerce and industrial hubs. Further, Tanyard Park offers a unique expansion opportunity with 64 additional units approved with partial infrastructure in place as well as space for 30 additional units on a commercially zoned lot.
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Under LOI
Tanyard Park
175 Units
193 Tanyard Park Place
Louisville, KY  40229
Posted: 3/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 276-unit Tapestry Long Farm apartment community located in Baton Rouge, East Baton Rouge Parish, Louisiana. This asset is situated in Long Farm Village, a highly-desired mixed-used development with retail, office, and residential space. The asset is also embedded in excellent demographics, featuring an average $130K+ household income. The Baton Rouge multifamily market is currently experiencing a limited pipeline (zero units under construction) that will drive rent growth at the property. Built in 2017, Tapestry Long Farm represents an outstanding opportunity to invest in a Class A asset in an unmatched micro-location with impressive demographics and a limited development pipeline.
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Tapestry Long Farm
276 Units
16333 Columns Way
Baton Rouge, LA  70817
Type: Conventional
Posted: 6/7/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Atlantic Sweetwater apartment community located in Lawrenceville, Gwinnett County, Georgia. This 200-unit asset is situated in the heart of northeast Atlanta’s Golden Corridor in the state’s second largest county, known for its unmatched story of blockbuster growth and prosperity spanning three decades. Eight transformational development projects are underway in Gwinnett, outlining a future of continued population and employment expansion. Built in 1986, The Atlantic Sweetwater represents an outstanding opportunity to invest in one of Atlanta’s highest growth locations, and build upon proven in-place value-add initiatives.
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Under Contract
The Atlantic Sweetwater
200 Units
3525 Club Drive
Lawrenceville, GA  30044
Type: Conventional
Posted: 2/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Bristol in Greenville, SC. The Bristol is a 258-unit community uniquely located in an affluent neighborhood that boasts impressive demographics of $120,000+ average household income, 75% white collar workers and home values as high as $1.69M in a 1-mile radius. Surrounded by high end retailers, Greenville Country Club, and across the street from Swamp Rabbit Trail (22-mile multi-use greenway), The Bristol offers an unmatched "live-work-play" lifestyle to residents. In addition to nearby amenities, the community provides direct access to 130,000+ jobs including Greenville Memorial Hospital, BMW, Fluor Engineering and TD Bank, all within a 5-mile radius. Built in 1971, The Bristol is an extremely well-maintained community that received a large capital infusion in 2013, stripping the units nearly down to the studs and repositioning the entire property. Lagging Downtown and Class A rents by $400+, new ownership has an opportunity to enhance the community by renovating unit interiors bringing finishes in-line with top of the market competitors to achieve $130-$180 rental premiums.
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Under LOI
The Bristol
258 Units
926 Cleveland Street
Greenville, SC  29601
Posted: 3/25/2021

Cushman & Wakefield has been exclusively engaged to arrange the sale The Cottages of Wildwood, a fully entitled and shovel ready, 9.98-acre, build-to-rent ("BTR") development site (the "Property"). The Property is zoned R-3, Medium Density Residential and current plans propose a 71-unit BTR apartment complex, consisting of one- and two-story detached cottages and townhouse-style residential buildings, a single-story clubhouse and pool, dog park, as well as two 5-car detached garage buildings and a maintenance building.

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The Cottages of Wildwood
   
5092 NE 81st Boulevard
Wildwood, FL  34785
Posted: 5/7/2021
Cushman & Wakefield, as exclusive agent, presents The District at Clifton Heights—Cincinnati’s premier mixed-use development adjacent to the University of Cincinnati in the Clifton Heights community. This opportunity offers developers multiple development sites that include hospitality, multifamily and retail, and age restricted housing. It is a unique opportunity to collaborate with the master developer Trinitas Development to create iconic developments in a fully-entitled district with an incredible, diverse demographic looking for a destination location ideal for live-work-play. Opportunities include the following:
  • The development of 400 units of multifamily, including a 275 foot luxury residential tower along with up to 130,000 square feet of ground floor, lifestyle retail
  • A pad ready site to develop up to 200 units of exclusive, age restricted residential community
  • Development of 170-key, hard-corner hotel as part of a larger development with retail and parking at the center of campus and the district
For access to confidential documents, please register at: thedistrictcincinnati.com
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Under Contract
The District at Clifton Heights
   
311 Straight St
Cincinnati, OH  45219
Type: Land
Posted: 3/3/2020
Coming Soon
The Flats at 1406 Eutaw Place
Offers Due:  Tuesday, July 27, 2021
21 Units
1406 Eutaw Place
Baltimore, MD  21217
Type: Conventional
Posted: 5/31/2021
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Sunbelt Multifamily Advisory Group, is pleased to present the exclusive listing of the 93-unit, 286-bed, The Haven of Athens student housing apartment community, located in Athens, Georgia. This new construction, cottage style community is situated in a highly desirable location, offering residents unique flexible floorplans and includes premier and modern amenities and state-of-the-art smart home features. The property completed construction in Fall 2020 and delivered at 100% occupancy and has since achieved 100% prelease for Fall 2021. The Haven offers a stabilized Class “A” investment opportunity in the thriving and nationally recognized University of Georgia market.
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The Haven of Athens
93 Units | 286 Beds
135 Kentucky Circle
Athens, GA  30605
Type: Student
Posted: 5/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Heights at Converse, a 200-unit apartment community located in Converse, Texas, the growing northeast suburb of metro San Antonio. Strategically located between I-35 and TX-1604 Loop, this asset enjoys convenient access to San Antonio’s major employment hubs. The property is situated in an excellent micro-location adjacent to Walmart Neighborhood Market and along the heavily trafficked thoroughfare of Kitty Hawk Road. Built in 2015, The Heights at Converse represents an outstanding opportunity to implement a value-add program that will enable the property to compete with top-of-the-market rents.
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Under Contract
The Heights at Converse
200 Units
7855 Kitty Hawk Dr.
Converse, TX  78109
Type: Conventional
Posted: 2/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Lamar, a 38-unit apartment community located in Macon, Bibb County, Georgia. Built in 1920 and fully renovated in 2015 within Macon’s rapidly-expanding downtown market, this historic conversion represents the ultimate in apartment renovation and is targeted towards the high-growth medical and Mercer University submarket. The Lamar presents an outstanding opportunity to invest in a unique walkable urban-infill development with best-in-market features and amenities, which include a retail component.
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Under Contract
The Lamar
38 Units
562 Cherry Street
Macon, GA  31201
Posted: 1/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit The Lodges on English Station apartment community located in Louisville, Jefferson County, Kentucky. The Lodges on English Station is strategically located at the exchange of two major interstates, offering prime connectivity to the surrounding area. The asset is also surrounded by big-box retail and numerous massive employment centers. The Lodges on English Station offers best-in-class amenities and elegant, high-end interior finishes. Built in 2018, The Lodges on English Station represents an outstanding opportunity to invest in a top-of-market product in a prime location.
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Under Contract
The Lodges on English Station
288 Units
14500 English Park Circle
Louisville, KY  40299
Posted: 2/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of The Meridian at Redwine apartments in southwest metro Atlanta, Georgia. Completed in 2016 just west of I-285, the property is advantageously positioned eight minutes from Hartsfield-Jackson International Airport, the Southeast’s largest employment center (63.3K+ jobs), and the surrounding Aerotropolis Atlanta economic base, which has remained impressively resilient during the past year. In addition to its strategic connectivity, the property’s demand drivers include 1M+ SF in adjacent big-box retail developments and 200M+ SF in the enveloping industrial/distribution submarkets. Bolstered by a relative lack of multifamily supply, The Meridian at Redwine’s valuable market position ensures its continued investment appreciation.
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The Meridian at Redwine
258 Units
3755 Redwine Road
Atlanta, GA  30344
Type: Conventional
Posted: 4/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Michael - 159 fully renovated, Class A units in the heart of Historic Downtown Mobile. Downtown has been truly transformed over the last 5 years and will continue to see an influx of jobs, capital, and residents migrating to the urban core. The Michael is a QOZ (qualified opportunity zone) asset which will provide future ownership with significant tax benefits. Current ownership has spent over $5.2M for full interior, exterior, and amenity renovations - now offering residents luxury finishes with modernized use of space while maintaining walkability to quality dining, shopping, and entertainment options. The Michael represents the rare opportunity to acquire heavily capitalized, well-located, turn-key asset far below replacement cost.
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The Michael
159 Units
758 St. Michael Street
Mobile, AL  36602
Type: Conventional
Posted: 1/20/2021