Best Located Student Property

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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.

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.