The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 268-unit Collins Crossing apartment community located in Carrboro, NC. This asset is situated on the Jones Ferry Rd/ NC-54 interchange with immediate access to the area’s premier retailers and economic drivers. Only 94 units are expected to deliver through 2021, of which Carrboro has not seen any new multifamily developments in 10 years. The growing demand of Chapel Hill paired with Carrboro’s lack of supply poises the property for consistent returns for years to come. Built in 1971, Collins Crossing offers an outstanding opportunity to invest in a quality asset that has received an investment of over $5.8 million since 2013.
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Under LOI
Collins Crossing
268 Units
501 Jones Ferry Road
Carrboro, NC  27510
Type: Conventional
Posted: 4/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Coastal 4 Portfolio which is comprised of 368 units in Pascagoula, Mississippi. The 4 assets are strategically positioned near employment centers and other gulf coast amenities. Built between 1967-1979, this portfolio represents an outstanding opportunity to invest in historically stabilized assets that are poised to generate strong returns through value-add and lease-up strategies.
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Coastal 4 Portfolio (4 properties, 368 units)
Colonial Manor
88 Units
1823 Parsley Ave
Pascagoula, MS  39567
Posted: 10/31/2018

Cushman & Wakefield, in conjunction with WT Mitchell Group Inc., are pleased to exclusively present the opportunity to acquire Concord Terminal (the "Property"), a ±2.66 acre transit-oriented multifamily development site located in Concord, California. Situated just steps from the Concord BART station, the Property’s infill location provides future residents immediate access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one of the world’s premier places to live, work and play.

Concord Terminal is currently a retail shopping center with month-to-month tenancies which provides an investor logistical flexibility while also benefitting from recurring cash flow during the entitlement process. Located within Concord’s Downtown Mixed Use (DMX) zoning district, the Property is zoned for up to 266 multifamily units and, through density bonuses, more than 300 units could potentially be built on the site.

With modern design, a transit-friendly location, and close-proximity to downtown Concord's numerous lifestyle amenities, Concord Terminal will offer a highly-amenitized living experience for residents seeking convenient living in the San Francisco Bay Area.

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Under Contract
Concord Terminal
2.66 Acres
2699 Clayton Road
Concord, CA  94519
Type: Land
Posted: 1/10/2019
Under Contract
Cornish Heights
120 Units
1340 S 75th Street
Omaha, NE  68124
Type: Conventional
Posted: 4/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the Offering Memorandum of the 48-unit Cottonwood apartment community located in Athens, Alabama. This quality LIHTC asset is comprised of mostly townhome floor plans and is situated in the rapidly-expanding and desirable Huntsville, Alabama metropolitan area. Built in 2000, Cottonwood offers an outstanding opportunity to invest in a cash-flowing asset poised to generate higher returns amidst the Huntsville MSA’s continued growth.
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Cottonwood
48 Units
209 Southwind Drive
Athens, AL  35611
Posted: 2/6/2019
The Cushman & Wakefield Sacramento Multifamily Advisory Group is pleased to present the exclusive listing of Country Village Apartments, a 44 unit community located in the heart of the highly desirable Carmichael suburb in Sacramento, CA. Built in 1976, Country Village offers an outstanding opportunity to invest in a stabilized asset with value add potential via implementation of a targeted renovation program of upgrading interior amenities to a more modern look and feel, in order to achieve a higher rent schedule which is being realized in the marketplace. This truly turnkey community is a wonderful investment to own individually or an addition to a growing portfolio.
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Country Village Apartments
44 Units
8141 Fair Oaks Blvd
Carmichael, CA  95608
Type: Conventional
Posted: 6/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 56-unit Courtyards on Park apartment community located in Valdosta, Lowndes County, Georgia. This asset is situated in the strategically-located and revitalizing East Park Avenue corridor near South Georgia Medical Center in Valdosta. Built in 1968, Courtyards on Park represents an outstanding opportunity to invest in immediate, easy entry into a growing South Georgia market with excellent value-add potential and organic rent growth.
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Courtyards on Park
56 Units
1425 East Park Avenue
Valdosta, GA  31602
Posted: 10/9/2018
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire the 100% fee simple interest in Creekside Village (the "Property"), an 88 unit, 55-and-older Active Adult apartment community with significant revenue upside in Pittsburg, California. Diligently maintained by ownership, 100% of the Property’s unit interiors remain un-renovated and provide a path to an additional $188 per unit in monthly market rent upside upon repositioning and stabilization.

As one of the top performing apartment submarkets in the San Francisco Bay Area, eastern Contra Costa County is projected to further outpace the region with 41% rent growth through 2028. The Property benefits from being surrounded by 3 million jobs and has maintained 98% average occupancy over the past three years. Creekside Village offers an investor the opportunity to acquire a well-maintained property with market proven value-add potential at below replacement cost.
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Creekside Village
88 Units
30 Castlewood Drive
Pittsburg, CA  94565
Type: Senior
Posted: 6/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, Florida. This asset is situated along US-98, a high-traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Pensacola is benefiting from the upcoming Navy Federal Credit Union corporate campus expansion (5,000 jobs, $1.2B new investment). Built in 1997 and showing powerful leasing trends, Crystal Lake offers an outstanding opportunity to invest in an asset boasting proven value add potential within a constrained multifamily market.
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Under LOI
Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Posted: 3/18/2019
Cushman & Wakefield of Florida, Inc. is pleased to present the exclusive offering of the All Souls Transit Oriented Multifamily Development Site. This is a unique opportunity to purchase a multifamily development site immediately adjacent to the Sanford Sunrail station within the radius eligible for Transit Oriented Development incentives and programs from the State of Florida, City of Sanford and Seminole County. The All Souls Transit Village PD is anchored by the All Souls Catholic Church, together with its prospective plan to add an elementary school, multi-use parish hall and offices.
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Diocese of Orlando-Sanford land
   
3280 W 1st Street
Sanford, FL  32771
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 362-unit Cartersville Portfolio located in Cartersville and Adairsville, Bartow County, Georgia. These assets are situated in rapidly-expanding northwest suburban Atlanta with proximity to the prolific I-75 accelerated growth corridor. Built in the early to later 2000s, these nine sets of properties represent a rare opportunity to establish a substantial investment footprint in one of Atlanta’s northwest expansion areas where the population is projected to increase by 30% through 2050.
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Cartersville Portfolio (9 properties, 362 units)
DREP, LLC Homes
26 Units
49 Benfield Circle
Cartersville, GA  30121
Posted: 5/22/2019

The “Echelon at Centennial Hills” is a bite-sized institutional-quality asset in the desirable “Centennial Hills” submarket in Las Vegas. The asset combines oversized units (1,829 SF average), quality podium construction, structured parking, and a top-tier amenity base. The property is poised to take advantage of the accelerating trends of the northwest Vegas market through improved operations and a possible value-add program.

Location and asset type make this a unique offering, as Centennial Hills is the newest area of expansion in Las Vegas. The Centennial Hills location already rivals the established “Green Valley” submarket in the southeast. Single family developers, multifamily developers, and even high-end retail shops are thriving in the northwest. New multifamily projects are thriving, and luxury developers have plans to take advantage of the desirable demographics in the near future; the Calida group has plans to build an “Elysian” branded asset at the former “Great Mall of Las Vegas” location.

Las Vegas is the 29th largest MSA in the United States, and number one in rent growth among major metros. Rent growth figures averaged above 7.2% through 2018, with stronger growth in “lifestyle” assets than “workforce” assets. Additionally, Las Vegas leads the country in job creation, with year-over-year job gains of 3.2%. In total, 43,800 jobs were created through 2016 & 2017, and unemployment has recently dropped to 4.8%%. This job growth, paired with above-average population growth of 2.4%, continues to expand the local rental market. Additionally, personal income growth for Vegas was 6.1% in 2018, continuing to prove that the market has depth.

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Echelon Apartments
62 Units
9051 Echelon Point Dr
Las Vegas, NV  89149
Posted: 3/19/2019

Echo Ridge is a 2002 built property located in a desirable infill location that benefits from limited nearby competition. While well maintained, the property has largely original finishes and amenities and offers the ability to increase revenue with untapped renovation opportunities. The existing unit layouts and features can be easily enhanced and result in premiums of more than $75 / month. With 9-foot ceilings on the first floor and vaulted ceiling on second floor, each floorplan offers spacious living areas.

Located in Franklin Township on the southeast side of Indianapolis, Echo Ridge enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants, employment and medical facilities.

Echo Ridge offers very attractive assumable Fannie Mae debt already in place. Debt terms include a low 4.43% interest rate, interest only payments until November of 2022 and loan maturity not until October of 2032.

Echo Ridge can be purchased individually or as part of a 600 unit, 3 property portfolio to include Pheasant Run – 184 units and English Village 208 units.

All three properties are located on the southeast side of Indianapolis, and a portfolio purchases offers economies of scale.

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Under LOI
Echo Ridge
208 Units
8520 Sierra Ridge Drive
Indianapolis, IN  46239
Type: Conventional
Posted: 3/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Elevate Grande Pointe - 180 units in Daphne, AL. Situated along the desirable Eastern Shore of Mobile, the subject enjoys an affluent resident profile and close proximity to quality retail and employment. Since acquisition, current ownership has invested $1.8M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to completely round out the community. Built in 1984 (renovated 2018), Elevate Grande Pointe offers an excellent opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.
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Under Contract
Elevate Grande Pointe
180 Units
133 Lake Front Drive
Daphne, AL  36526
Type: Conventional
Posted: 2/5/2019
Elk HIlls
306 Units
2120 North Main Street
Omaha, NE  68130
Posted: 11/5/2018

English Village is a partially renovated 1987 built property in a desirable location that benefits from limited nearby competition. 71 units have been fully upgraded and achieve rent premiums of $100 +/-.

The new owner could continue to upgrade and updated the remaining 137 unit to increase revenue. Located in Warren Township, on the southeast side of Indianapolis, English Village enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants, employment and medical facilities.

English Village offers very attractive Fannie Mae debt already in place which can be assumed. Debt terms include a low 4.57% interest rate, interest only payments until December of 2022 and loan maturity not until November of 2032.

English Village can be purchased individually or as part of a 600 unit, 3 property portfolio to include Pheasant Run – 184 Units and Echo Ridge 208 Units. All three properties are located on the south eastside of Indianapolis and a portfolio purchases offers economies of scale.

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Under LOI
English Village
184 Units
545 English Village Drive
Indianapolis, IN  46239
Type: Conventional
Posted: 3/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Estates at Barrington apartment community located in Macon, Bibb County, Georgia. This asset is situated in the charming Barrington Hall community in Northwest Macon, desirable for its unique neighborhood setting paired with excellent access to the market’s finest retail corridors. Macon’s excellent apartment market fundamentals have made way for proven value-add renovation strategies as well as new development that is raising the rent ceiling for the Class A market. Built in 1995, Estates at Barrington Hall arrives generously amenitized and in prime condition to benefit from an aggressive value-add strategy with potential to increase potential annual income by more than $333K.
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Estates at Barrington
Offers Due:  Wednesday, July 24, 2019
176 Units
301 Barrington Hall Drive
Macon, GA  31210
Type: Conventional
Posted: 6/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 438-unit Chattanooga Value-Add Portfolio located in Chattanooga, Hamilton County, Tennessee. These assets are situated in desirable east Chattanooga and benefit from unparalleled access to Chattanooga’s best retail corridor. Built between 1974-1994, the Chattanooga Value-Add Portfolio offers an outstanding opportunity to immediately establish a strong investment platform in one of Chattanooga’s fastest growing neighborhoods.
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Under Contract
Chattanooga Value-Add Portfolio (2 properties, 438 units)
Evergreen at Hickory Valley
200 Units
1507 Hickory Valley Road
Chattanooga, TN  37421
Posted: 10/1/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 362-unit Cartersville Portfolio located in Cartersville and Adairsville, Bartow County, Georgia. These assets are situated in rapidly-expanding northwest suburban Atlanta with proximity to the prolific I-75 accelerated growth corridor. Built in the early to later 2000s, these nine sets of properties represent a rare opportunity to establish a substantial investment footprint in one of Atlanta’s northwest expansion areas where the population is projected to increase by 30% through 2050.
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Cartersville Portfolio (9 properties, 362 units)
Evergreen Trail Townhomes
4 Units
205 Evergreen Trail
Cartersville, GA  30121
Posted: 5/22/2019
The Cushman & Wakefield Student Housing Team is pleased to present the exclusive listing of the 224-unit, 600-bed, Evolve at Allendale student housing community located in Allendale, Michigan. This 2016 purpose-built asset offers direct access to Grand Valley State University (GVSU) - Allendale Campus. Evolve Allendale represents one of the few newly built Class "A", off-campus housing options for GVSU students that is within walking distance to campus and offers the opportunity for future stabilization of occupancy and rent growth for subsequent years.
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Under Contract
Evolve at Allendale
224 Units | 600 Beds
4967 Pierce Street
Allendale Charter Twsp, MI  49401
Type: Student
Posted: 1/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 154-unit Family Place apartment community located in Mobile, Alabama. This asset is situated on Michael Boulevard, just over one mile south of Airport Boulevard. With I-65 under a half mile from the subject, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1973, Family Place offers an outstanding opportunity to invest in a property that is coming out of LIHTC and has exceptional value add potential.
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Family Place
154 Units
3600 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Posted: 2/14/2018

Fox Brook and Walnut Manor are 2 properties located adjacent to one another; currently owned by a private equity group looking to recycle its current capital stack.

Most of the units have original interior finishes and offer the new owner the opportunity to complete updates and achieve rent premiums. The current owner has refinished flooring throughout both properties (potentially a handful of exceptions) with vinyl plank flooring in the main livings areas.

Current rents are below the market comparables. Other rental premiums that are not currently being charged are: wash/dry, vaulted ceilings and upgraded flooring.

The portfolio is being offered free and clear; however, there is current HUD debt in place that can be assumed. This is an attractive opportunity to acquire newer multifamily product in a great location with achievable upside through modest upgrades.

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Under LOI
Fox Brook & Walnut Manor (2 properties, 161 units)
Fox Brook
41 Units
4000 N. Walnut Street
Muncie, IN  47303
Type: Conventional
Posted: 3/14/2019
Cushman & Wakefield is pleased to present for sale the FreightYard Townhomes & Flats, located in the historic North Loop Neighborhood of Minneapolis. FreightYard offers 96 units with a brick and timber design and walkable access to the light rail, five Fortune 500 headquarters, nightlife, sports venues, and an impressive array of award-winning restaurants.

The North Loop is the metro’s highest profile urban neighborhood and its multifamily properties consistently perform at 98% occupancy or better. FreightYard presents investors the rare opportunity to acquire an irreplaceable North Loop asset with historic charm and luxury amenities.

FreightYard Townhomes and Flats features 40 townhouse style units and 56 flats. All units offer stacked washers/dryers, individual HVAC, exposed brick/timber, and high ceilings. The property is offered free and clear of existing financing and tours begin the week of June 4th. Please contact Lance Steiger directly to set up a tour, which will be scheduled by appointment only.
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FreightYard Townhomes & Flats
Offers Due:  Wednesday, June 19, 2019
96 Units
50 North 4th Avenue
Minneapolis, MN  55401
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 3.27-acre Germantown Land development site located in Nashville, Davidson County, Tennessee. This site is situated in the rapidly-expanding and desirable Germantown neighborhood of Nashville. Located 1 mile from Downtown, with excellent visibility and easy access to I-65, the site offers an outstanding opportunity for new multifamily construction. Additionally, the owner is open to a JV structure.
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Under Contract
Germantown Land
3.27 Acres
1703 Rosa L Parks Blvd
Nashville, TN  37208
Type: Land
Posted: 8/20/2018