Autumn Trails, built in 1987, is a 165 unit apartment community located on the suburban east side of Indianapolis The community is situated on 9 acres and has 24 single story residential buildings. The property offers an attractive unit mix of studios, 1 and 2 bedroom units with private entries.

The property has undergone major capital expenditures in the last few years including all new metal roofs, the majority of the siding replaced, many new appliances and cabinets and the parking lot resealed and striped. The lack of immediate capital needs allows the new owner the ability to focus on property upgrades that will increase revenue.

Autumn Trails is located just north of 38th street and immediately east of I-465 off Franklin Road on the city’s suburban east side. The location provides convenient access to dining, shopping and employment.

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Under Contract
Autumn Trails
165 Units
7981 Red Mill Drive
Indianapolis, IN  46226
Posted: 11/6/2019
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to develop Aventura Crossing (the “Site”): a 2.04-acre residential development project located immediately across from the Aventura Mall in the prestigious Aventura submarket. Aventura Crossing offers developers the chance to construct up to 387 units (90 residential units per acre) in an up to 12-story configuration, located in the heart of the affluent Biscayne Corridor — surrounded by Aventura, Bal Harbour and Sunny Isles Beach.
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Under LOI
Aventura Crossing
   
19301 W Dixie Hwy
Miami, FL  33180
Posted: 1/7/2019
The Cushman & Wakefield Multifamily Advisory Group is pleased to present Bay Harbor Collection, a fully renovated apartment rental in the heart of the highly desirable Bay Harbor Islands neighborhood. The property is in excellent condition. Ownership spent over $2 million in improving the property including upgrading all units with hurricane-impact windows, new doors, 18x18 tiled floor, new kitchen cabinets and countertops, updated air conditioners and updated bathroom vanities and tile. The buildings were recently painted and all handrails and pool fencing were replaced. The 33 units are spacious in size averaging 838 square feet including 1 studio, 23 one-bedrooms, 8 two-bedrooms and 1 three-bedroom. The 60,000 square foot site allows for multiple uses including rental, short-term rental, condo conversion or redevelopment.

The 33-unit Bay Harbor Collection is being offered as is. No offers will be entertained for a portion of the portfolio. However, Bay Harbor Collection can be purchased as part of a greater portfolio including four properties and totaling 133 units. For more information please contact Calum Weaver or Perry Synanidis.

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Bay Harbor Collection
33 Units
9770-9800 E Bay Harbor Drive | 1050 98th Street
Bay Harbor Islands, FL  33154
Type: Conventional
Posted: 9/19/2017
Cushman & Wakefield, on behalf of The Longboat Group, seeks a development partner to execute the construction and capitalization of the Bayside Club in Downtown Sarasota, Florida. The Bayside Club has site plan approval and completed construction documents such that it is essentially a turnkey development opporunity.
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Bayside Club
3.61 Acres
800 Cocoanut Avenue
Sarasota, FL  34236
Type: Land
Posted: 2/18/2020

Beechmill is a 256-unit apartment community exceptionally well located on the south side of Indianapolis. The community was built in 1981 but has been recently updated.

The new owner can build upon recent property upgrades, rent increases and positive momentum to further increase rents both organically and by completing additional property and unit renovations. Current rental rates are $100 below competing upgraded product. In the past 4 years, current ownership has raised rents $129 with only a partial unit upgrade.

The current owner has spent $2.3M in Cap Ex since 2016. All roofs were replaced, clubhouse received a light cosmetic lift and all 256 units were partially renovated: with new black appliances, new Formica countertops, light fixtures and LVT plank flooring in kitchens and baths. The property’s 12 acres feature many mature trees and ample green space.

Beechmill is an extremely well-located community. Because of its proximity to Indianapolis and US-31. Beechmill offers its residents proximity to the south side’s best shopping and dining. Traveling Downtown is quite convenient, as the property sits 11 miles directly south of the city’s center.

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Under LOI
Beechmill
256 Units
8580 Beechmill Lane
Indianapolis, IN  46227
Type: Conventional
Posted: 1/22/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Bell Coconut Creek (the “Property”) —a 366 unit, value-add multifamily asset located in Coconut Creek, Florida. The property is comprised of 30% 1-bedrooms, 44% 2-bedrooms, and 27% 3-bedrooms and has maintained an average occupancy of over 97% over the last two years. Built in 1998 and featuring 9’ ceilings, Bell Coconut Creek received an extensive capital infusion including a renovated clubhouse, expanded fitness center, upgraded amenities, new landscaping and modest in-unit renovations. Cushman & Wakefield forecasts additional in-unit renovations to include quartz countertops, backsplash, new cabinet pulls, and hard-surface flooring in the bedrooms. The property has excellent drive-by visibility, with 37,500 cars daily along Hillsboro Boulevard and 110,000 cars along Florida’s Turnpike. The central Coconut Creek location is a magnet for employees working in the area’s largest employment centers, such as Boca Raton, Cypress Creek, Plantation, Sunrise, and Fort Lauderdale. In addition, the property is one mile east of Lyon Technology Park, with 766,000 square feet of industrial and flex space.

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Under Contract
Bell Coconut Creek
366 Units
3600 West Hillsboro Boulevard
Coconut Creek, FL  33073
Posted: 10/1/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Dothan 336 Portfolio located in Dothan, AL. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The two assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. Built in 1978-1979, the Dothan 336 Portfolio offers an outstanding opportunity to invest in high yield properties in one of the state’s top growing markets.
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Dothan 336 Portfolio (2 properties, 336 units)
Bella Trace
68 Units
6225 Walden Drive
Kinsey, AL  36303
Posted: 12/5/2019

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 Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Bessemer Place apartment community located in Birmingham, AL. This asset is situated in the rapidly expanding Bessemer submarket of southwest Birmingham metro. Currently in the qualified contract phase of its LIHTC exit, Bessemer Place offers an outstanding opportunity to invest in a tax credit property in a robust submarket.
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Bessemer Place
136 Units
600 Flint Hill Road
Bessemer, AL  35022-5232
Type: LIHTC
Posted: 8/27/2019
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to develop Biscayne at Aventura ("the Site"): a residential development project located on Biscayne Boulevard in North Miami, Florida. Biscayne at Aventura offers developers the chance to construct up to 748 residential units located in the heart of the affluent Biscayne Corridor ­ surrounded by Aventura, Bal Harbour, and Sunny Isles Beach.
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Biscayne at Aventura
   
1820 NE 142nd Street
North Miami, FL  33181
Posted: 7/19/2018
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Bloom Apartments, a 692-unit opportunistic apartment investment in a rapidly gentrifying submarket of the dynamic Richmond MSA. The current owner has invested significant capital in deferred maintenance, building systems and renovations to bring units back online. The Property is
50% preleased and a new owner can realize significant upside by bringing the balance of units back online at fully renovated levels given the Property’s location squarely in the path of growth in Richmond.

The area surrounding Bloom Apartments is one of the most up and coming submarkets in Richmond. Newly built apartment communities, including Canopy at Ginter Park, have established a new rental ceiling for the submarket and created a rental gap of $1,195 between Bloom Apartments and the top of the competitive set. Additionally, the Ginter Park neighborhood is adjacent to downtown Richmond and Scott's Addition, one of the area’s newest and most vibrant areas. Additional development is imminent given the recently adopted rezoning plan between Brook Road and Chamberlayne Avenue that will accelerate mixed-use development into the neighborhood surrounding Bloom Apartments. Bloom Apartments presents investors the rare opportunity to acquire a large scale, opportunistic apartment project in a rapidly gentrifying neighborhood within the high growth Richmond economy.
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Bloom Apartments
692 Units
3211 Chamberlayne Avenue
Richmond, VA  23227
Posted: 9/26/2019
The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the 11-acre Blue Ash Corporate Center Site in Cincinnati, OH. This asset is situated in the thriving Blue Ash neighborhood of Cincinnati. Blue Ash Corporate Center offers an outstanding opportunity to invest and develop a prime redevelopment site that could include single family, townhouses or a senior living facility.
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Blue Ash Corporate Center
11 Acres
4300 Glendale Milford Rd
Blue Ash, OH  45242
Type: Land
Posted: 6/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are pleased to present the exclusive listing of the 52-unit Bonne Vie I apartment community located in Metairie, Jefferson Parish, LA. This asset is situated in the high barrier-to-entry Metairie submarket, characterized by limited new deliveries and strong organic rent growth. With such limitations on new multifamily due to the lack of developable sites, occupancy and rent have continued to increase, leading to a strong historical property performance. With demand for upgraded interiors in the submarket, Bonne Vie I is an excellent opportunity to acquire a true value-add investment.
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Under Contract
Bonne Vie I
52 Units
3105 Edenborn Avenue
Metairie, LA  70002
Posted: 4/15/2019

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Langley Apartments Portfolio, a one-of-a-kind portfolio providing significant scale in Central & Southwestern Virginia totaling 720 total apartment units. The Portfolio’s limited CapEx needs, significant operational upside and value-add upside will drive strong investor returns while providing meaningful economies of scale in one of Virginia’s most stable corridors. The Portfolio offers value-add upside with a combination of in-unit renovations and washer-dryer installation, allowing a new owner to realize significant rental premiums. The Properties also have significant gaps with primary competitors and enhancing unit interiors will provide a competitive advantage while still placing rent levels comfortably below nearby properties. Both the Lynchburg and Roanoke markets offer stable demand drivers and employment sectors which have led to historic rent growth and low vacancy. The Properties can be acquired as individual assets, mini-portfolios or as a whole portfolio to provide maximum flexibility.

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The Langley Apartments Portfolio (4 properties, 444 units)
Boonsboro Village
124 Units
4715 Boonsboro Road
Lynchburg, VA
Posted: 3/27/2020
Cushman & Wakefield is pleased to present for sale, Boutique 28, a 42-unit luxury Multifamily development in the Uptown neighborhood of Minneapolis.

Completed in 2016, Boutique 28 offers residents access to a best-in-class amenity package and high-end finishes throughout the property. The property boasts large, thoughtfully designed floorplans that include 12 walk-up/penthouse townhome units with private patios and rooftops. The units offer condo-quality interior finishes such as stainless steel appliances, quartz countertops, walnut hardwood floors, and in-unit washer/dryers.

Adding to the uniqueness of the offering, Boutique 28 offers the potential future exit strategy of converting to and selling individual units as condominiums in a market that has limited new home supply.

Located in the heart of Uptown Minneapolis, Boutique 28 offers direct access to the Midtown Greenway, Metro Transit Station, and an eclectic mix of boutique shops, trendy eateries and bars, art galleries, and recreational assets in the neighborhood include Lake of the Isles and Bde Maka Ska.

Boutique 28 is a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community whose construction quality and level of finishes will stand the test of time.
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Under Contract
Boutique 28
42 Units
2817 Girard Ave S
Minneapolis, MN  55408
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 197-unit multi-asset portfolio located in Warner Robins, Houston County, Georgia. The assets are situated strategically just 2 miles from Robins Air Force Base, which is adding 1,200 tech and cyber security related jobs to Warner Robins by the end of 2019. Built during the early 60's through mid- 80's, Briardale and Brandon Court I & II represent 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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Warner Robins Value-Add Portfolio (2 properties, 197 units)
Brandon Court I & II
141 Units
2241 Moody Road
Warner Robins, GA  31088
Type: Conventional
Posted: 8/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 197-unit multi-asset portfolio located in Warner Robins, Houston County, Georgia. The assets are situated strategically just 2 miles from Robins Air Force Base, which is adding 1,200 tech and cyber security related jobs to Warner Robins by the end of 2019. Built during the early 60's through mid- 80's, Briardale and Brandon Court I & II represent 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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Warner Robins Value-Add Portfolio (2 properties, 197 units)
Briardale
56 Units
308 Orchard Lane
Warner Robins, GA  31093
Type: Conventional
Posted: 8/5/2019

Brixton Apartments, situated on 9.93 acres, is a 120-unit community conveniently located on the southeast side of Indianapolis. With exceptional location, the property has mature trees and provides a quiet neighborhood setting.

The well-maintained property was built in 1982. The current owner has partially renovated 104 units. New ownership has the ability to increase revenue by continuing with unit upgrades.

Located in Marion County, on the southeast side of Indianapolis, Brixton Apartments enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants and employment.

Offered Free and Clear, the property’s stable financial performance will allow for the most competitive and attractive new debt structure.

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Brixton
120 Units
4929 Red Robin Drive
Beech Grove, IN  46107
Posted: 1/19/2020

The Cushman & Wakefield St. Louis Capital Market's Team is pleased to offer for sale the 100% fee simple interest in the Butler Brother's building located at 1717 Olive Street in St. Louis, MO. The Butler Brother's building is a premier multifamily/hotel "loft" redevelopment opportunity positioned in the heart of St. Louis' Downtown "Loft District". As-is, the building contains 718,660 square feet and consists of eight stories. A preliminary redevelopment plan includes 342 multifamily units with 397 garage parking spaces and two retail spaces. A portion of the property could also be redeveloped into a hotel that would compliment the residential component.

Fueled by public and private investments, St. Louis is in the midst of a renaissance that is reigniting the growth and vibrancy of the downtown core. Over $8 billion has been invested in downtown since 2000 with $3 billion in development underway or proposed. Among these developments is St. Louis' highly anticipated MLS expansion team's proposed stadium, which is expected to drive significant investments in infrastructure in the surrounding area. Butler Brother's is located just three blocks from the MLS site, offering an exceptionally rare opportunity to acquire one of Downtown St. Louis' last remaining large historic buildings in an area poised for significant growth and long-term appreciation.

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Butler Brothers
   
1717 Olive Street
St. Louis, MO  63103
Posted: 5/20/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 85-unit Capital Flats & Magnolia Square apartment community located in Raleigh, North Carolina. This asset is situated in the heart of Raleigh, one of the fastest growing downtowns in the country. Built in 1982 with a $1.9M renovation completed in early 2020, Capital Flats offers an outstanding opportunity to invest in a unique asset primed to capitalize on growing demand for quality housing in the densest office market in the Triangle. With $2.3B in the current downtown development pipeline, Raleigh continues to grow and attract new residents, top businesses, and highly desirable retail.
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Capital Flats & Magnolia Square
85 Units
500 E Hargett Street
Raleigh, NC  27601
Posted: 3/18/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 178-unit Carrington Woods and 49 West apartment communities located in Milledgeville, Baldwin County, Georgia. This asset is situated in the thriving area surrounding Milledgeville, close to its most popular corridor along North Columbia Street. Built in 1977 and 1973, respectively, this Portfolio offers an outstanding opportunity which offers immediate economies of scale and to invest in a proven value-add strategy.
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Milledgeville Portfolio (2 properties, 178 units)
Carrington Woods
76 Units
1980 Briarcliff Road
Milledgeville, GA  31601
Posted: 9/4/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Cartersville Development Site located 38 miles northwest of downtown Atlanta in Bartow County, Georgia. This extraordinary development site, strategically situated at the busy Interstate 75/Highway 20 interchange (Exit 290), is less than 2 miles east of Georgia Highlands College Campus and Cartersville Medical Center employment hubs. The Cartersville Development Site offers potential for a multiple-phased, multifamily/mixed-use development opportunity in a high-visibility location within a growing submarket.
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Cartersville Development Site
600 Units
5628 GA-20
Cartersville, GA  30121
Posted: 4/22/2020

The Cushman & Wakefield Multifamily Advisory Group, in conjection with Newmarket Advisors, is pleased to present this confidential memorandum to purchase the 184-unit CasaBella apartments in Las Vegas, NV. The asset is comprised of two phases, the 120-unit CB1 and the 64-unit CB2. CB1 is located at 4965 South Nellis Boulevard, while CB2 acts as a satellite and is located one block down Tropicana Avenue, at 4961 Mountain Vista Street. CB1 is complete and sitting above 95% occupancy and CB2 is currently in lease-up with expected stabilization in the coming months, thus eliminating lease-up risk for prospective investors while providing the opportunity to purchase a quality 2020 vintage asset.

The CasaBella is located on Tropicana Avenue, just east of the I-95 expressway. The property is located less than 10 minutes from UNLV and has access to major freeways and sits in a highly-trafficked submarket with a high density of upper blue-collar workforce housing.

Currently, the average market rent is $1,220 and the average in-place rent of $1,093 per month. These rental rates provide investors the opportunity to push rents higher after acquisition, as older comps in the area are pushing rents as high as $1,550 per month. The market leader for rents in the submarket is The Avenue apartments, located across the street from CasaBella, at 4800 East Tropicana Avenue.

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CasaBella Apartments
184 Units
4965 South Nellis Boulevard
Las Vegas, NV  89120
Type: Conventional
Posted: 5/29/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Birmingham 508 portfolio, located in Birmingham, AL. Comprised of Chace Lake Villas and The Renaissance at Galleria, these assets offer an outstanding location for tenants within minutes of 10,000+ jobs and nearly 3M square feet of quality retail amenities. Built in 1996 and 1994, Chace Lake Villas and The Renaissance at Galleria represent a clear-cut opportunity to invest in heavily-demanded assets with quality construction and in-place value add campaigns, creating significant room for revenue growth for the next investor.
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Birmingham 508 Portfolio (2 properties, 508 units)
Chace Lake Villas
264 Units
98 Chace Lake Parkway
Birmingham, AL  35244
Type: Conventional
Posted: 1/21/2020