Best Located Student Property

Annex of Kokomo benefits from immediate access to Indiana University Kokomo (IUK) and its 3,000+ students, just across the street. IUK doesn't offer on-campus housing, presenting limited options for students who don't commute. Students at IUK enjoy 60+ academic programs and a 16:1 student to faculty ratio with their prestigious IU degree.

Proximity to Kokomo’s Best Amenities

Residents can walk or bike to the nearby Kroger grocery store, several restaurants, Highland Park disc golf course, and the American Legion Golf Course. The extensive Kokomo trail system offers residents an opportunity for exercise or walking their dogs.

Desirable Features

Annex of Kokomo offers residents open and efficient layouts ideal for their student lifestyle. Internet is included for all residents, and currently, more than 85% of units are furnished for easy student living.

Kokomo Stability & Growth

Kokomo offers both stability and growth. The city’s large and reliable employers (including Chrysler, Delphi and Haynes International) and it’s connection to IU Kokomo bring strength to and confidence in the local economy. Investments in new sports venues, parks and tourism opportunities have helped foster enthusiasm for the city’s growth and potential.

Indiana Opportunity

Why Invest in Indiana? The state offers businesses a stable and strong economy, a highly educated workforce, and a favorable tax and regulatory environment. Indiana provides residents a low cost of living and a high quality of life.

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Annex of Kokomo
61 Units | 139 Beds
2205 S Washington St.reet
Kokomo, IN  46902
Type: Student
Posted: 1/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 36-unit Anson Apartment community located in Winston-Salem, North Carolina. The asset is strategically positioned alongside the area’s major thoroughfares that connect the MSA’s multiple, major higher-ed institutions and economic drivers. Attractive demographic trends paired with 22% home value growth and 15% rent growth over the past year has brought attention to Winston-Salem as the Triad prepares for a major economic boom. National General Insurance, and the recently announced Toyota Battery Manufacturing plant are two projects that are intended to bring over 4,000 jobs to the area once completed. With industries expanding, Winston-Salem will continue to grow as the unemployment rate dwindles and population continues to increase. Anson Apartments offers an outstanding opportunity to invest in an asset that has been newly renovated, as previous ownership has completed an impressive $1.2 million multifaceted renovation project. Incoming ownership can restructure utilities to earn an additional 4% boost to NOI.
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Anson Apartments
Offers Due:  Tuesday, January 25, 2022
36 Units
604-612 Anson Street
Winston Salem, NC  27103
Posted: 12/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 218-unit apartment community of Arbor Pointe at Hillcrest located in Little Rock, AR. This asset is situated in the blossoming Hillcrest submarket of Little Rock, AR. With preexisting renovations already in place, the next investor stands to boost rents by $200 by rounding out the renovations. Built in 1973, Arbor Pointe at Hillcrest offers an outstanding opportunity to invest in a value add asset in a highly attractive submarket.
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Under Contract
Arbor Pointe at Hillcrest
218 Units
3802 Kavanaugh Blvd
Little Rock, AR  72205
Posted: 9/13/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ardmore King’s Grant (357 units), located in Charlotte, North Carolina and Ardmore Cates Creek (270 units), located in Hillsborough, North Carolina. These two Core Plus assets provide investors rare-to-find scale (627 units) and diversification across two of the fastest growing markets in the country. The Charlotte and Raleigh-Durham markets currently rank 5th and 6th nationally for rent growth and are on pace to continue capturing double digit rent growth in 2022. Both properties are located in sought-after, suburban locations characterized by blue chip demographics, surrounded by premier retail, and enjoy unmatched connectivity to each market’s major job nodes via Interstate 85. Built in 2015/2016, the assets offer investors optimal bones with 9’ ceilings and premier locations coupled with the opportunity to push rents $300+ by expanding upon the proven value-add program in place, resulting in a $2,300,000 increase to total NOI or an average increase of 45%.
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Under Contract
Ardmore Portfolio (2 properties, 627 units)
Ardmore Cates Creek
270 Units
100 Waterstone Park Cir
Hillsborough, NC  27278
Type: Conventional
Posted: 10/11/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ardmore King’s Grant (357 units), located in Charlotte, North Carolina and Ardmore Cates Creek (270 units), located in Hillsborough, North Carolina. These two Core Plus assets provide investors rare-to-find scale (627 units) and diversification across two of the fastest growing markets in the country. The Charlotte and Raleigh-Durham markets currently rank 5th and 6th nationally for rent growth and are on pace to continue capturing double digit rent growth in 2022. Both properties are located in sought-after, suburban locations characterized by blue chip demographics, surrounded by premier retail, and enjoy unmatched connectivity to each market’s major job nodes via Interstate 85. Built in 2015/2016, the assets offer investors optimal bones with 9’ ceilings and premier locations coupled with the opportunity to push rents $300+ by expanding upon the proven value-add program in place, resulting in a $2,300,000 increase to total NOI or an average increase of 45%.
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Under Contract
Ardmore Portfolio (2 properties, 627 units)
Ardmore King's Grant
357 Units
9015 Kings Grant Drive
Charlotte, NC  28262
Type: Conventional
Posted: 10/11/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 680-unit Charleston ARIUM 3 Portfolio, which can be acquired together or individually. Located in two of Charleston’s most prestigious submarkets, North Charleston and Mt. Pleasant, the assets are situated in highly sought after and high barrier to entry submarkets boasting over 60k+ jobs within 5-miles of each location, unmatched lifestyle amenities including direct access to Shem Creek, top tier retail, Downtown Charleston and higher education paving the way for continued appreciation. The portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well capitalized assets that are primed for a value-add campaign to achieve average premiums of up to $340.
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Charleston ARIUM 3 Portfolio (3 properties, 680 units)
ARIUM St. Ives
248 Units
7930 St. Ives Road
North Charleston, SC  29406
Type: Conventional
Posted: 5/26/2021
Cushman & Wakefield is pleased to present the exclusive listing of Armstrong Lofts, a 30-unit apartment building located in the East Germantown Section of Philadelphia, PA, adjacent to LaSalle University’s campus. This opportunity allows investors the opportunity to purchase a relatively new asset with a tremendously stable cashflow.
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Armstrong Lofts
30 Units | 66 Beds
525 Armstrong Street
Philadelphia, PA  19144
Type: Student
Posted: 1/20/2021
Cushman & Wakefield is pleased to offer Arrive Fountain Hills, a 150-unit class A multifamily community with remaining value add potential located in the highly desirable community of Fountain Hills, Arizona. With only 45 of the 150 units renovated to the highly successful Premium level there is still considerable value remaining to be added at Arrive Fountain Hills. With Premium level units achieving on average over $200 per month over non renovated units and over $60 per month over previously renovated units there is a clear path to increasing revenue by finishing the proven renovation program started by current ownership.
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Under Contract
Arrive Fountain Hills
150 Units
13225 N. Fountain Hills Blvd.
Fountain Hills, AZ  85268
Type: Conventional
Posted: 9/20/2021

1 RIDE POSITIVE MOMENTUM ALREADY IN PLACE

Since 2016, Auburn Place has received more than $3M in capital improvements creating upward trends in both rents and occupancy. The new owner can simply finish the unit renovation of the 50 classic units and ride the positive momentum.

2 HEAVY LIFTING CAP EX ALREADY COMPLETED

Much of the heavy lifting in updating this 60's vintage property has already been completed. All windows and roofs have been replaced since 2016. In the past two years, 53 of the HVAC’s have been replaced.

3 REMAINING VALUE ADD

50 units still offer classic finishes and can be easily upgraded and achieve the already proven rent premium of $100 - $120 a month.

4 UPSCALE AND GROWING INDY SUBURB

Auburn Place is located in the sought city of Greenwood, an upscale suburb of Indianapolis and Johnson County. The area is known for well-performing schools and proximity to both Indianapolis and Columbus offering numerous employment opportunities.

5 AREA’S BEST RETAIL & DINING CORRIDOR

Conveniently located adjacent to the popular Greenwood Park Mall, residents enjoy exceptionally easy access to the area’s best shopping, dining and entertainment.

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Under LOI
Auburn Place
192 Units
745 Woodale Terrace
Greenwood, IN  46142
Type: Conventional
Posted: 8/2/2021

2014-Built Property with Upside Potential

Aurum, built-in 2014, offers the potential to complete a light interior upgrade and increase rents by an average of $130+. Suggested upgrades include countertops, cabinet hardware, fixtures and new stainless steel appliances.

Near Notre Dame and Amenities

Aurum is located less than one mile from the Notre Dame Campus (12,809 students). Approximately 65% of the property’s residents are graduate students. Aurum offers quick access to nearby amenities with a bus stop near the entrance. Shopping, dining and entertainment are just a 0.25 mile walk or drive away.

100% Occupied with Below-Market Rents

Aurum is currently 100% occupied through Summer 2022. The rents are an average of $190 below competing properties. This asset offers an exceptional opportunity to increase rents during the next lease term.

Appealing Unit Layouts and Features

The units at Aurum feature well-designed layouts with spacious living areas, stackable or full size washer/dryer in each unit, walk-in closet and walk-in shower in sought after 2-bedroom floor plans.

Offered Free and Clear

The ability to purchase Aurum free and clear allows new owners to take advantage of current low rates, interest-only periods and maximum leverage which all increase buyer returns.

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Under LOI
Aurum
60 Units
825 Sorin St
South Bend, IN  46617
Posted: 11/18/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
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Under Contract
Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
Aventura District Site
4.86 Acres
2681 NE 191 Street
Miami, FL  33180
Type: Land
Posted: 4/25/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
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Under Contract
Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
Aventura Square Site
1.32 Acres
18802 W. Dixie Highway
Miami, FL  33180
Type: Land
Posted: 4/25/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
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Under Contract
Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
Aventura TOD Site
2.25 Acres
19640 W. Dixie Highway
Miami, FL  33180
Type: Land
Posted: 4/25/2021

Cushman & Wakefield has been exclusively retained by Shea Connelly Development, LLC to offer an investment opportunity in the development of Avenue of the Fountains Luxury Apartments (the “Property”), a 190-unit luxury multifamily development. It will be situated in the Phoenix suburb of Fountain Hills, located directly across from the Fountain Monument, the focal point of community gathering and celebration in Fountain Hills. Shea Connelly Development is seeking approximately $13.7M of JV Equity for the development of Avenue of the Fountains Luxury Apartments.

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Avenue of the Fountains
   
Fountain Hills, AZ
Type: Land
Posted: 4/6/2021

New Construction with Revenue Upside

Completed in 2021, the current owner does not bill back for water and sewer, and provides bulk internet and cable. Additional revenue could be made by billing back for water/sewer and internet/cable.

7.0% Cap Rate with Five-year Tax Abatement/ 5.8% Cap Rate without Tax Abatement

Baldwin Heights offers immediate cash flow selling at a 7.0% cap rate with a five-year tax abatement in place. Without the abatement, the cap rate is 5.75%.

Near Significant Employment

Toyota Motor Manufacturing | Indiana (7,296 employees) is less than five miles from Baldwin Heights. The company is adding an additional 1,400 employees by the end of 2023. Additional employers nearby include Duke Energy (1,400 emp), Vuteq Corp. (654 emp), Deaconess Gibson Hospital (350 emp) and Hansen Corp. (233 emp).

Desirable Unit Features

All units offer full size washer/dryer connections and machines, open layout, modern kitchens and bathrooms, ceiling fans, and a full appliance package. Units are large, averaging 999 square feet.

Limited Competition

There is very little direct competition for Baldwin Heights. Vail Estates is the only other apartment property that is comparable.

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Baldwin Heights
48 Units
220 Garfield Avenue
Princeton, IN  47270
Type: Conventional
Posted: 1/19/2022

Cushman & Wakefield is pleased to present the opportunity to acquire, on a presale basis, Barton Court, a Class A, 50-unit, townhome, build for rent community (the "Property"). The Property consists of nine existing townhomes delivered in 2008 and 2018, and 41 townhouse units currently under construction. The Property is located in St. Cloud, FL, which is part of the fast growing Orlando Metro. The Property’s location in the southeastern portion of the Orlando metro places it directly in the path of growth, as the metro’s natural geographic barriers funnel new growth south.

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Barton Court Townhomes
   
1780 Barton Town Circle
St. Cloud, FL  34769
Posted: 11/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 72-unit Bearfoot Landing apartment community located in New Bern, NC. This asset is desirably located in the heart of New Bern, NC, where residents are within walking distance of the waterfront and are short drive away from 2 major shopping destinations. Several large employers, such as MCA Cherry Point, Fleet Readiness Center East, and Carolina East Health System are located in New Bern and contribute greatly to the area’s economy. Built in 1945, Bearfoot Landing offers an outstanding opportunity to inherit a well-maintained asset with 8 units coming back online with high end finishes that will generate an additional $103k in annual revenue.
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Bearfoot Landing
72 Units
1350 Trent Boulevard
New Bern, NC  28560
Posted: 10/4/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of The Belair Road SFR Portfolio located in Baltimore, MD. Single-Family Investors have the ability to acquire a stabilized and renovated Single-Family Rental Portfolio, comprised of 20 exclusively detached homes located along the Desirable Belair Road Corridor. The Homes feature premium interior amenities, including Central Air-Conditioning, Granite Countertops and Modern Kitchen Appliances.

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. Majority of the Residents receive rental assistance, providing stable, guaranteed income, with consistent gradual rent increases. The Belair Road SFR Portfolio is situated less than 3-miles from Morgan State and 5-miles from Loyola University, which combined employ 5,000 workers and host 13,000 students.

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Belair Road Single- Family Rental Portfolio
20 Units
Various
Baltimore, MD  21206
Type: Single Family Rental
Posted: 10/11/2021

The Berkley Riverfront location is a prime downtown development opportunity in Kansas City, Missouri, serviced by the new Riverfront Drive and bounded by the Kit Bond and Heart of America bridges. With nearly a mile of frontage on the Missouri River, the site is a destination unto itself. Its outstanding synergistic potential is affirmed through connections to adjacent neighborhoods in the River Market and Columbus Park.

The master-planned development for the 85-acre riverfront site calls for the creation of a world-class urban village with OVER FIVE MILLION SQUARE FEET OF OFFICES, RESIDENTIAL AND RETAIL SPACE, along with entertainment and cultural amenities. Sites ranging from less than two acres to 15 acres are available for immediate development, with grading, engineered fill, and utilities to be delivered to the sites. The master plan envisions a pedestrian-friendly, mixed-use environment with density, a FAR of 10 and building heights up to 130 feet.

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Berkley Riverfront Sites
85 Acres
1298 E Riverfront Road
Kansas City, MO  64120
Type: Land
Posted: 6/5/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the OM for the 100-unit Berkshire Arms apartment community located in Mobile, AL. This asset sits within a well-performing multifamily submarket, which has demonstrated excellent rent and occupancy trends over the past 5 years. Located just one mile south of Airport Blvd and two miles west of the I-65 interchange, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Berkshire Arms offers an outstanding opportunity to invest in an LIHTC asset that is eligible for conventional conversion, offered at an extremely attractive basis with ample rent upside.
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Berkshire Arms
100 Units
4021 N Seabreeze Road
Mobile, AL  36609
Type: Affordable Housing
Posted: 1/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bessemer Place, 136 units located in the Bessemer suburb of Birmingham, AL. Originally developed as a LIHTC asset, Bessemer Place has gone through its QC Period and is now in the process of converting to a conventional community. The next investor will enjoy both organic upside by upgrading the tenant base and value add upside by upgrading interior units. Bessemer is a rapidly expanding submarket and has become a bullseye destination for job growth, with several key job announcements including Amazon (1,500+ jobs), FedEx (285+ jobs), Mercedes-Benz (950+ jobs), Lowe’s (200+jobs) and Carvana (300+ jobs).
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Under Contract
Bessemer Place
136 Units
600 Flint Hill Road
Bessemer, AL  35022
Type: LIHTC
Posted: 9/2/2021
The Cushman & Wakefield Student Housing Capital Markets Team is pleased to present the exclusive listing of The Best Western Plus, a 148-unit hotel and conference center located in Clemson, SC as a conversion opportunity to student housing. This fully amenitized asset is situated off of Tiger Blvd and located under one mile to Clemson University’s campus. Built in 1982 and renovated in 2017, The Best Western Plus stands as a market supported conversion opportunity to cater specifically to Clemson University’s students. With 148 studio units, an investor has the ability deploy immediate capital to renovate and modernize existing features and create a unique student housing community in a premier market location.
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Best Western Plus Clemson
148 Units
1310 Tiger Boulevard
Clemson, SC  29631
Posted: 1/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,545-unit Gulf States 7 Portfolio spanning two different markets in Alabama and Mississippi. Comprised of 1,545 units, the Gulf States 7 Portfolio offers immediate scale throughout the Southeast, the nationwide leader in both rent and population growth. With 1,545 total units primed for value add upgrades, the next investor can add $2.5M+ to bottom-line NOI through interior value add. Built between 1972-1987, the Gulf States 7 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Under Contract
Gulf States 7 Portfolio (8 properties, 1,959 units)
Birchwood
184 Units
500 Eastdale Road South
Montgomery, AL  36117
Type: Conventional
Posted: 7/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Blue Ridge Development Site located 90 miles north of Atlanta in Fannin County, Georgia. This extraordinary land, embedded in the North Georgia mountains, is strategically situated near the intersection of US-76/Appalachian Highway (26,900 VPD) and Blue Ridge Drive (15,900 VPD), 1 mile north of downtown Blue Ridge, and less than 2.5 miles west of Lake Blue Ridge. This rare asset offers potential for a high-density development opportunity in an irreplaceable location recently ranked among "the South's Best Mountain Towns" by Southern Living Magazine.
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Blue Ridge Development Site
33.1 Acres
9849-10017 Blue Ridge Drive
Blue Ridge, GA  30513
Type: Land
Posted: 9/14/2020