Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Avana Cypress Creek, a 220-unit multifamily asset located in Broward County. Delivered in 2009, Avana Cypress Creek represents a tremendous value-add opportunity to continue and expand on the current renovation program. Previous ownership has started renovating the units and is achieving average premiums of $75+. With well-designed floorplans and direct-access garages in 36% of the units, Avana Cypress Creek is poised to better compete with the newer assets which were recently delivered in the market. The current upgrades include vinyl-plank flooring, backsplash, Nest thermostats and other in-unit upgrades. The property is located adjacent to Florida’s Turnpike, providing excellent exposure and connectivity to South Florida’s largest employment centers of Cypress Creek, Sunrise, Plantation and Boca Raton.
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Avana Cypress Creek
Offers Due:  Thursday, December 8, 2022
220 Units
1700 S State Rd 7
North Lauderdale, FL  33068
Type: Conventional
Posted: 11/8/2022

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
The Bay Park Towers Condominium represents an extraordinary, 4.7-acre development opportunity with 290’+ of direct frontage along Miami’s World-renowned Biscayne Bay. Cushman & Wakefield, as exclusive advisor to a majority of the Bay Park Towers condominium owners, has been engaged to facilitate a sale of the units in bulk to a single buyer. The property’s incredible water views and intense, mixed-use zoning make it the ideal candidate for high-rise residential and/or mixed-use development. The property can be developed to 60 stories, 704 units and a floor-lot-ratio up to 3.4+ million square feet.
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Bay Park Condos
4.7 Acres
3301 NE 5th Avenue
Miami, FL  33137
Type: Land
Posted: 6/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 533-unit Park Portfolio of three apartment communities located in Smyrna, Cobb County, Georgia. Each asset arrives to market with impressive organic rental growth trends, and all are strategically located in Atlanta’s booming northwest expansion district - home of the Atlanta Braves Battery development, the Platinum Triangle office and retail mecca, and Dobbins Air Reserve Base. Built in 1964-1967, the Park Portfolio presents an outstanding opportunity to acquire proven value-add assets in a high-growth market. The assets are being offered both individually and as a portfolio.
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Park 3 Portfolio (3 properties, 533 units)
Beckett Park
249 Units
810 Windy Hill Road
Smyrna, GA  30080
Type: Conventional
Posted: 9/26/2022
Bell Parkland
396 Units
5851 Holmberg Road
Parkland, FL  33067
Type: Conventional
Posted: 5/23/2022
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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Under Contract
Berkshire Arms
100 Units
4021 N Seabreeze Road
Mobile, AL  36609
Type: Affordable Housing
Posted: 1/11/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Biscayne 112 (the “Property”)– a recently completed 8-story mid-rise with 402 apartment homes strategically positioned along Biscayne Boulevard in Miami. The property is adjacent to the affluent communities of Miami Shores and Indian Creek which feature multimillion dollar homes and offers views of Biscayne Bay. Biscayne 112 was developed with the highest commitment to quality and represents a new standard for apartment living. The property features a mix of 22 floorplans with an average unit size of 884 square feet with expansive amenities that caters to a wide array of renter profiles. Its location along the Biscayne corridor provides access to downtown Miami/Brickell and Aventura which provide a mix of employment, retail and nightlife. It also approximately three miles from the pristine beaches of Miami and will be walkable to a brand new grocer that is about to be developed 200 feet from the property.
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Biscayne 112
402 Units
11200 Biscayne Blvd
Miami, FL  33181
Posted: 3/11/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire the 340-unit Blue Isle, located in Coconut Creek Florida. The property features a mid of one- and two-bedroom units spread across 21+ acres for a low-density site plan of only 16 units per acre. Over the past 10 years, Blue Isles has received an infusion of capital invested into the property including the full renovation of 21 units. With only 9% of the units renovated, the property is perfectly positioned to implement a significant renovation program on the remaining units and increase rents with premiums in excess of $300 per month.

Located in Central Broward, Blue Isle is uniquely positions with access to most of South Florida’s top employment markets. Residents are only minutes away from Florida’s Turnpike and I-95, providing quick commutes to major employment markets such as Boca Raton (17.7M SF), Cypress Creek (8.2M SF), Sunrise/Plantation (12.7M SF) and the Fort Lauderdale CBD (10.1M SF).
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Under LOI
Blue Isle
340 Units
5100 West Sample Road
Coconut Creek, FL  33073
Posted: 4/5/2022
Cushman & Wakefield is pleased to present the opportunity to acquire the Town Center Development Site, a ±4.96-acre, vacant parcel located in the heart of Boca Raton, Palm Beach County, FL. Adjacent to the prominent One Town Center office building and just steps from Town Center at Boca Raton Mall, the site is strategically positioned proximate to hundreds of shopping and dining venues, and located within one of the region’s highest concentrations of employment.
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Boca Raton Town Center Development Site
4.96 Acres
1 Town Center Road
Boca Raton, FL
Type: Land
Posted: 3/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listings of Eastpark Village Mid-Rise, Eastpark Village Garden, and Bolton Road, located in Atlanta, Georgia. This offering is an exceptionally rare opportunity to acquire three apartment communities (which can be acquired together or separately) in the Sunbelt’s top growth market. Eastpark Village Mid-Rise is a unique property featuring 277 mid-rise units and Eastpark Village Garden consists of 302 garden style units. The property is strategically located in Kennesaw, an affluent North Atlanta suburb and growing employment market with extremely high barriers to entry. Bolton Road is in the rapidly expanding Upper Westside neighborhood, with direct access to sprawling lifestyle amenities and high-end dining destinations. These extremely strong locations are conveniently situated within 15 minutes of 450K+ jobs, benefitting future residents. Strategic positioning coupled with VCP-Tellus renowned development reputation position these three assets for long-term growth.
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Atlanta Forward Sale Portfolio (2 properties, 770 units)
Bolton Road (Proposed)
191 Units
2151 Bolton Road NW
Atlanta, GA  30318
Posted: 5/4/2022
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present this rare development opportunity in Miami’s coveted Brickell submarket. Ideally positioned along Brickell’s primary ingress/egress route from Interstate 95, this property offers intense, mixed-use zoning, incredible walkability and immediate access to mass transit.
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Under Contract
Brickell Starlite Site
0.99 Acres
128 SW 7th Street
Miami, FL  33130
Type: Land
Posted: 12/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listings of Brighton Woodstock and Brighton Canton, two brand new Build-to-Rent townhome communities in Atlanta’s affluent and high barriers Cherokee county. This offering is an exceptionally rare opportunity to acquire two Atlanta townhome properties (which can be purchased together or separately) in the Southeast’s top growth market. Expected to be completed in October 2022, Brighton Woodstock features 100 units which boast 1,480 square foot average floorplans and curated amenities including a ~1-mile on-site walking trail. Expected to be completed in December 2023, Brighton Canton features 118 duplex style townhome units with spacious floorplans. These brand-new assets are primed to benefit from their strategic suburban locations with desirable supply/demand dynamics. Also, the properties’ offer convenient access to major job hubs, an expansive list of outdoor activities, and several shopping as well as dining options. Brighton Woodstock and Brighton Canton are a unique opportunity to acquire, together or separately, differentiated Build-to-Rent assets with strong long term growth projections.
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Brighton Woodstock & Brighton Canton (2 properties, 218 units)
Brighton Canton
118 Units
1010 Marietta Road
Canton, GA  30114
Posted: 7/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 346-unit Augusta BTR Trio located in Augusta, Georgia. Consisting of 3 properties, Brighton Park and Joiner Crossing are located in Grovetown, while Adderman Pointe is found in Augusta Proper. Built in 2014 through 2022, the portfolio represents an outstanding opportunity to invest in very desirable townhome product in high growth locations with immediate access to major employers and retail via I-20. Additionally, the portfolio has the ability to increase rents significantly through both value-add and second generation leases, allowing for strong upside day one.
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Augusta BTR Duo (2 properties, 302 units)
Brighton Park (U/C)
134 Units
7025 Hummingbird Dr
Grovetown, GA  30813
Type: Single Family Rental
Posted: 3/21/2022

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Brighton Village, a 68-unit apartment building located in Brighton, Massachusetts. The property, built in 1920, is situated on a quiet side street just steps (less than 0.1 mile) from the MBTA Green Line (Sutherland Road). The building features a mix of studio, one- and two-bedroom units as well as 20 surface parking spaces in the rear of the property.

The property is strategically located near many neighborhood amenities including Whole Foods, Star Market, and TJ Maxx and its proximity to the MBTA Green Line and multiple bus routes provides tenants access to the Fenway area and Downtown Boston in a matter of minutes. The Brighton tenant population is highly educated due in part to the abundance of higher education institutions in the area which also employ a large percentage of that population. Opportunities in academia and the medical field draw young professionals to Brighton and creates demand for housing in the market. Brighton Village offers the opportunity for investors to acquire a rarely available, transit oriented asset in a core plus location.

Brighton Village is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be proved with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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Under Contract
Brighton Village
68 Units
28 Colborne Road
Brighton, MA  02135
Posted: 6/2/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listings of Brighton Woodstock and Brighton Canton, two brand new Build-to-Rent townhome communities in Atlanta’s affluent and high barriers Cherokee county. This offering is an exceptionally rare opportunity to acquire two Atlanta townhome properties (which can be purchased together or separately) in the Southeast’s top growth market. Expected to be completed in October 2022, Brighton Woodstock features 100 units which boast 1,480 square foot average floorplans and curated amenities including a ~1-mile on-site walking trail. Expected to be completed in December 2023, Brighton Canton features 118 duplex style townhome units with spacious floorplans. These brand-new assets are primed to benefit from their strategic suburban locations with desirable supply/demand dynamics. Also, the properties’ offer convenient access to major job hubs, an expansive list of outdoor activities, and several shopping as well as dining options. Brighton Woodstock and Brighton Canton are a unique opportunity to acquire, together or separately, differentiated Build-to-Rent assets with strong long term growth projections.
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Brighton Woodstock & Brighton Canton (2 properties, 218 units)
Brighton Woodstock
100 Units
5900 Woodstock Road
Acworth, GA  30102
Type: Build for Rent
Posted: 7/26/2021
Cushman & Wakefield is pleased to offer for sale BROADSTONE PORTLAND, a premier 161-unit podium style Class A multi-family community located in the vibrant Roosevelt Row district of downtown Phoenix.  Completed in 2022, Broadstone Portland was developed by Alliance Residential, one of the Nation’s leading multi-family developers.  The Roosevelt Row district is widely regarded as the heartbeat of downtown Phoenix featuring restaurants, bars, entertainment venues and a lively street scene, and Broadstone Portland is located in the center of it all.   Broadstone Portland is located in the center of Downtown Phoenix in the iconic Roosevelt Row Arts District, one of the most popular neighborhoods in metropolitan Phoenix.  This very walkable community is steps away from art galleries, restaurants, retail shops, bars and entertainment venues forming the only true urban, walkable neighborhood in Phoenix.
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Broadstone Portland
161 Units
320 East Portland Street
Phoenix, AZ  85004
Posted: 5/11/2022

5.9% T-3 CAP RATE / $140K PER UNIT

Buffalo Creek is being offered free and clear by the long-term owner (15+ years) at an attractive price of $140k per unit. The property is well-performing with an average historical occupancy of 97.5% (last four years). T-3 Cap Rate is 5.9% and Year One Cap Rate (without upgrades) is 6.5%.

PROVEN VALUE-ADD POTENTIAL

The current owner has upgraded 72 units, which are achieving an average monthly rent premium of $131. Further rent growth could be achieved by upgrading 236 classic units and improving upon the 72 units already upgraded. Nearby properties have completed upgrades and are achieving higher rents. A new owner could also continue to operate the property as is without upgrades and achieve organic rent growth.

UNIQUE PROPERTY WITH EXTENSIVE AMENITIES

Ideally situated within an upscale mixed-use planned development, Buffalo Creek was built by J.C. Hart, a well-respected Indianapolis developer. The low-density property offers lush landscaping with five scenic lakes, attractive exterior architecture, beautifully designed units and an extensive list of amenities including a state-of-the-art fitness center, sports courts, dog park, putting green and outdoor social spaces.

EXCELLENT HIGH-GROWTH AREA

The property is adjacent to the city of Greenwood (Johnson County), a sought-after south suburb of Indianapolis enjoying 23% population growth since 2010. Average rents for the south side increased 13.8% year-over-year. The area is also known for well-performing schools and proximity to downtown Indianapolis, offering additional employment opportunities for residents.

HIGH TRAFFIC LOCATION NEAR AREA'S BEST AMENITIES

The property entrance is visible from high-traffic County Line Road (23,386 AADT). Residents benefit from proximity to major employer Community Hospital South, and two dense corridors (Meridian Street/SR-135 and US-31) filled with the south side’s best shopping, dining and entertainment options including the popular Greenwood Park Mall, containing 1.2M SF and more than 150 retailers.

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Buffalo Creek
Offers Due:  Friday, December 16, 2022
308 Units
720 Buffalo Run Drive
Indianapolis, IN  46227
Posted: 11/16/2022
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Sunbelt Multifamily Advisory Group, is pleased to present the exclusive listing of the 54-unit, 154-bed, Bulldog Crossing student housing apartment community, located in Athens, Georgia. This newly renovated, townhouse style community is situated in a highly desirable location, offering residents unique flexible floorplans and includes significant upside through a value-add component for an investor. Bulldog Crossing offers a value-add student investment opportunity in the thriving and nationally recognized University of Georgia market.
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Bulldog Crossing
54 Units | 154 Beds
148 Old Will Hunter Road
Athens, GA  30606
Type: Student
Posted: 9/8/2022

Cushman & Wakefield is pleased to present the opportunity to acquire Bungalow Walk at Lakewood Ranch - a Class AA, 228-unit, single-family, build for rent community (the "Property"). The Property is located in Sarasota, Florida, within Lakewood Ranch, the nation’s second-fastest selling master-planned community.

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Bungalow Walk at Lakewood Ranch
228 Units
University Parkway
Sarasota, FL
Posted: 2/5/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of Burgundy Court Apartments. The community consists of 234 units including 32 - 1 Bedroom units, 140 – 2 Bedroom units and 62 – 3 Bedroom, 2-story Townhomes. Burgundy Court was built in 1967 and is located in Colerain Township, a desirable community in the northwest area of Greater Cincinnati.

1. EXCELLENT VALUE ADD POTENTIAL
Burgundy Court offers an excellent true value-add upgrade potential. Through unit renovations and adding additional property amenities, a forecast rent premium of $175 - $325 can be achieved.

2. UNDER MARKET RENTS
Current rents at Burgundy Court are currently on average 20% below nearby competition. A new owner could operate the property as-is and enjoy strong organic growth.

3. PROXIMITY TO EMPLOYMENT AND RETAIL
The properties positioning near Rt 126, the Ronald Reagan Cross County Highway, and I-275, along with the immediate access to a myriad of retail, restaurants and top employers nearby make the property a highly desirable location for tenants.

4. FAVORABLE MARKET FUNDAMENTALS
Cincinnati’s rent growth is currently 9.5% (YOY), submarket vacancy is 4.8% and job growth is projected to be 2.6%. These fundamentals along with Cincinnati’s diverse economy make it well-positioned for both short and long-term growth.

5. IDEAL UNIT MIX COUPLED WITH OPERATING EFFICIENCY UPSIDE
Burgundy Court is a quality asset with an ideal unit mix including 62 sought after 3BR Townhomes. Additional growth can be achieved by adding additional amenities and cost saving opportunities such as implementing a bulk internet/cable package & energy saving LED lighting.
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Burgundy Court
234 Units
3295 Rocker Dr.
Cincinnati, OH  45239
Type: Conventional
Posted: 8/22/2022
Caleres
   
8300 Maryland Avenue
St. Louis, MO  63105
Posted: 5/18/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Cambridge Park, 200 units located in Pascagoula, MS. Pascagoula is part of the Biloxi-Gulfport-Pascagoula MSA, the second largest metro area in the state. The city experienced 9.6% rental growth over the past 12 months and is home to numerous major employers including Ingalls (11,500 jobs) and a Chevron Refinery (1,500 jobs). Built in 2002, Cambridge Park represents an outstanding opportunity to invest in a high performing LIHTC asset at an attractive basis well below replacement cost.
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Cambridge Park
200 Units
3414 Shortcut Road
Pascagoula, MS  39581
Type: LIHTC
Posted: 9/8/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 252-unit Canyon Part Apartments community located in Tallahassee, Florida.

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Canyon Park
252 Units
1325 W Tharpe Street
Tallahassee, FL  32303
Posted: 9/19/2022

Cushman & Wakefield's Manufactured Housing Group is pleased to present the exclusive listing of Carlton Heights a manufactured housing community in Sturgeon Bay, WI. The Park consists of 43 Tenant-Owned homes, and 1 Single- Family Home. The Park offers investors the compelling opportunity to acquire a value-add community with demonstrated rent increases and the ability to immediately raise revenue.

Carlton Heights is located in beautiful Sturgeon Bay, named one of the top 10 happiest Seaside Towns in the U.S. by Coastal Living Magazine. The community is situated between vineyards, is less than 2 miles from the shore of Lake Michigan. Door County offers more miles of shoreline, one of the highest concentrations of lighthouses and 5 state parks, more than any other county in Wisconsin. The area offers a wide variety of outdoor recreation and is also known for its art galleries and performing arts

A significant portion of the housing supply in Door County, is occupied on a seasonal basis, leading to a greater need for workforce and seasonal housing for workers in the area's booming tourism industry. Housing prices in Door County have increased 23% in the past 24 months.

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Under Contract
Carlton Heights
44 Units
5707 W. Carlsville Road
Sturgeon Bay, WI  54235
Type: Mobile Home Park
Posted: 8/29/2022