The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 392-unit four-property Atlanta Stabilization Portfolio in Fulton and DeKalb Counties, Atlanta, Georgia. Sierra Ridge, Winston Manor, Washington Arms, and Roosevelt Townhomes are located in west, east and south metropolitan Atlanta, and proximate to thriving employment centers and the metro’s largest industrial market with more than 266.5M SF of industrial space. This portfolio offers a rare opportunity to invest in vacant assets which can be fully revitalized and repositioned for favorable future returns.
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Under Contract
Atlanta Stabilization Portfolio (4 properties, 392 units)
Winston Manor
46 Units
2520 Candler Road
Decatur, GA  30032
Posted: 3/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of two land sites outside of downtown Winston-Salem. Current ownership has already invested significant capital into the purchase, rezoning, and entitlement of both sites, paving the pathway for new ownership to capitalize on the investment. One site is located to the south of downtown off Hillcrest Center Circle with access to Stratford Road and an abundance of retail. The other site is located to the west of downtown near the intersection of Country Club Road and Styers Ferry Road. This site has an entertainment district currently under construction, providing future residents a plethora options all within a short walk of their front door. Both sites offer investors a unique opportunity to invest in a growing Winston-Salem market which boasts incredibly low unemployment and a well-educated, affluent population.
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Winston-Salem Land Portfolio
47.66 Acres
4370 Styers Ferry Road
Winston-Salem, NC  27104
Type: Land
Posted: 7/3/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 330-unit, Woodland Estates apartment community located in Charlotte, NC. Embedded off of Albemarle Road and Central Avenue Intersection, the property offers unmatched connectivity to all of Charlotte’s retail and employment hubs. Woodland Estates, which planted in the East Charlotte submarket, is branded with high HHI incomes of ~$60,000 and 54% white-collar employment in a 3-mile radius and is primed for growth with a large forecast rent growth of 14% and occupancy levels expected to stay at almost 96%. With a massive capital infusion of $4.2M to renovate unit interiors and enhance curb appeal and amenities, Woodland Estates has witnessed steady financial momentum leaving new ownership the ability to focus solely on completing an in-place value-add program that offers the chance to boost NOI by 44% with 95% of unit interiors left to be renovated to "Dream Unit" status with current Dream Units achieving $250 - $325 premiums.
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Woodland Estates
330 Units
6147 Winged Elm Court
Charlotte, NC  28117
Type: Conventional
Posted: 9/20/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present Worthington Court, a 152-unit value-add garden community in New Port Richey, Florida. Completed in 1985, the property sits on over 13 acres, providing a low density setting of only 11 units per acre. Worthington Courts’ location within New Port Richey is ideally located and central to some of the largest metros in Florida including Orlando, Tampa and Pasco County. The property has frontage with over 42,000 VPD and minutes from major retail, Medical Center of Trinity, and the Veteran’s Expressway providing a 30-minute commute to Tampa.

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Worthington Court
Offers Due:  Wednesday, November 20, 2019
152 Units
7541 Highwater Drive
New Port Richey, FL  34655
Posted: 9/17/2019

AS EXCLUSIVE AGENT, CUSHMAN AND WAKEFIELD IS PLEASED TO OFFER A 100% FEE INTEREST IN ZEPHYR RIDGE FOR SALE.

Completed in 2018, this 24-unit luxury apartment community is fully leased and has proven to be well positioned to attract residents who are looking for the combination of larger floor plans, new construction and the amenities typically only found in for-sale product such as private garages.

Zephyr Ridge is in Cedar Grove, New Jersey and is situated in the heart of Essex County, placing it just minutes from mass transit and major commuting highways including Route 23, Route 46, Interstate 80 and the Garden State Parkway. Additionally, the New Jersey Transit train to Penn Station is located under 2 miles from the property, allowing residents a quick 40-minute commute into Manhattan.

Zephyr Ridge consists of two, three-story residential buildings containing a total of 24 two-bedroom, two-bathroom units. The apartments feature large floor plans with high-quality finishes including at a minimum nine-foot ceiling, stainless steel appliances, gas cooking, quartz counter tops, hardwood floors and individual washer/dryers. The community also offers premier amenities including an outdoor patio with grills, private garage parking, a resident lounge, storage units and a fitness center.

The Property draws from a surrounding dense and affluent resident pool, with a high population per square mile of 3,905 and an average household income over $155,000 within a 3-mile radius. The neighboring towns are known for their upper-class executive housing, which will continue to be a demand driver for Zephyr Ridge as Baby Boomers seek to move-down.

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Zephyr Ridge
24 Units
48 Grove Ave.
Cedar Gove, NJ  07009
Type: Conventional
Posted: 2/15/2019