The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 128-unit Chestnut Ridge apartment community located in Baton Rouge, Louisiana. This asset is embedded amongst Baton Rouge’s healthcare district and less than a ten minute drive from LSU and L’Auberge Casino & Hotel. The asset is also a short drive from many of Baton Rouge’s premier retail locations. In 2020, the asset underwent a full renovation of the interiors, exteriors, and common spaces. Building siding was redone, the clubhouse was completely refurbished, and 100% of unit interiors were upgraded. Built in 1974/2020, Chestnut Ridge represents an outstanding opportunity to invest in a fully renovated asset located near top employers and retail.
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Chestnut Ridge
128 Units
8686 Coy Drive
Baton Rouge, LA  70810
Type: Conventional
Posted: 3/9/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the core-plus investment opportunity to acquire the 700 unit City Center on 7th in Pembroke Pines, Florida. The property features an appealing unit mix with 425 garden style apartment homes and 275 two-bedroom townhomes with a market-leading size of 1,143 square feet. Of the townhomes, 55% have direct-access two car garages while 18% have one car garages. Originally built in two phases in 2014 and 2015, the property has upgraded 320 units – changing Formica countertop in the kitchens and bath to quartz for a $75 monthly premium. Given its two-phase development, the property now has two clubhouses, pools and fitness centers. The recently completed Pines City Center provides residents walkability to 300,000 square feet including Publix and other shopping and dining destinations. Its central Broward location provides residents quick commutes to the major employment centers in South Florida.

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Under Contract
City Center on 7th
700 Units
10170 SW 7th Street
Pembroke Pines, FL  33025
Type: Conventional
Posted: 2/17/2021
For access to confidential documents, please register at: cityfrontplace-cushwake.com
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Cityfront Place
480 Units
400 N McClurg Ct
Chicago, IL  60611
Type: Conventional
Posted: 10/26/2020
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire CityPlace Doral - Tract A, a ±3.4-acre, development site located in the heart of Doral, Miami-Dade County, FL. Part of the landmark CityPlace mixed-use development, the site is just steps from more than 40 entertainment, dining and shopping venues, and centrally-located within one of the region’s highest concentrations of employment.
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Under Contract
CityPlace Doral - Tract A
2.4 Acres
NW 34th Street & NW 85th Court
Doral, FL
Type: Land
Posted: 9/13/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Under Contract
Southeast Value-Add 4 Portfolio (4 properties, 780 units)
Claypond Commons
188 Units
101 Rexford Court
Myrtle Beach, SC  29579
Type: Conventional
Posted: 8/12/2020

This Investment Offering provides the Opportunity for an investor to acquire the CLIFFSIDE APARTMENTS, a 27-unit community located minutes north of Downtown Salt Lake City in the highly desirable Marmalade District. Defined as one of Salt Lake City’s most historic neighborhoods, the area is characterized by its mature landscaping and iconic architecture.

Complimented by the prestigious adjacent Capitol Hill and Avenues neighborhoods, Marmalade continues its transformation from a funky, dated district to a revitalized, active downtown community with a wide variety of development underway.

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Cliffside Apartments
27 Units
720 North Wallstreet
Salt Lake City, UT  84103
Type: Conventional
Posted: 8/28/2018
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 448-unit Cobblestone Crossings apartment community located in Terre Haute, IN. This asset is situated in the desirable and affluent southside of Terre Haute. Built in 2006-2014, Cobblestone Crossing represents an outstanding opportunity to acquire a Class A property at a 5.5% Cap Rate.

Cobblestone Crossings can be purchased with the Garden Quarter Portfolio (498 units) a total portfolio of 946 units offering immediate presence and economies of scale. The properties may also be purchased individually. For information about the Garden Quarter Portfolio visit: LINK

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Cobblestone Crossings
448 Units
7020 Clubhouse Lane
Terre Haute, IN  47802
Type: Conventional
Posted: 5/3/2021

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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Concord Terminal
2.66 Acres
2699 Clayton Road
Concord, CA  94519
Type: Land
Posted: 1/10/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Conyers Development Site located 25 miles southeast of downtown Atlanta in Rockdale County, Georgia. This extraordinary, bank-owned, rare development site is strategically situated a half mile from Publix, Piedmont Rockdale Hospital Medical district, schools, and new SF homes averaging $250K+. The Conyers Development Site offers unlimited commercial/residential development potential in a high-visibility location within one of the fastest growing counties in Georgia.
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Conyers Development Site
65.07 Acres
900 Sigman Road
Conyers, GA  30012
Type: Land
Posted: 8/10/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Cottage Cove - a 468-unit value-add opportunity located in Miami, Florida. Situated on 23.75 acres, Cottage Cove provides a low density, value-add opportunity with above market cash-on-cash returns. The property is offered free & clear although there is an option to assume the current loan. The opportunity to acquire a critical mass of units in Miami is rare. In the past 10 years, there has been less than 2 transactions per year of 400+ unit properties in Miami-Dade on average.

Current ownership has spent approximately $3.4 million in improving the property, ensuring limited need for major capital expenditures. Part of the renovations include replacing 94 out of 100 roofs in 2018. A future investor can further enhance the existing cash flows by implementing an in-unit renovation program to modernize the units by replacing carpet with vinyl tile flooring and upgrading kitchens and bathrooms to generate potential additional income of about $440,000. (6.6% over current market rents). There 45 units (9.6%) fully upgraded at the property. These units receive $140 premium over the classic units.

Cottage Cove provides immediate positive cash flow. In the past 12 months, the retention rate at the property was 65% with the most recent month’s retention rate hitting 85%. Over the past year, there has been 229 rent renewals that averaged an astonishing 6% in rent bumps making rent renewal a better option as opposed to renting the units to new tenants at market rents.

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Cottage Cove
Offers Due:  Wednesday, June 16, 2021
468 Units
12 NE 188th Street
North Miami, FL  33179
Type: Conventional
Posted: 4/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Arkansas 360 portfolio, 5 properties and 360 total units spanning the North Little Rock, Hot Springs, and Fort Smith markets. Each market offers the investor a diversified tenant pool with stable job growth projections. Built between 1973-2005, the Arkansas 360 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio while allowing the next owner to inject additional capital for interior value add, refreshed exteriors, and boost exit value.
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Arkansas 360 Portfolio (5 properties, 360 units)
Cottages of Hot Springs
72 Units
921 Shady Grove Rd
Hot Springs, AR  71901
Posted: 6/11/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Covington Park & Southbrook Gardens apartment communities located in Jackson, Hinds County, MS. The assets are well located right next to each other with quick access to Downtown Jackson and the MSA’s premiere retail pockets via I-55. Located within a supply constrained submarket with strong rent growth, each asset offers an immediate opportunity to initiate an interior value add program and push rents $75 while remaining in LIHTC compliance. Built in 1975 & 2006, Covington Park & Southbrook Gardens offer an outstanding opportunity to invest in up trending, well-located LIHTC assets.
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Under Contract
Covington Park & Southbrook Gardens (2 properties, 256 units)
Covington Park
156 Units
100 Covington Park Drive
Jackson, MS  39212
Type: LIHTC
Posted: 11/18/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 254-unit Decatur Value-Add Portfolio located in Decatur, DeKalb County, Georgia. These two strong-performing multifamily assets are situated in the rapidly-expanding Decatur area of northeast Atlanta, recently rated A+ by Niche.com as the #1 Best Place to Live in Georgia. Built in 1962 and 1972, Decatur Estates and Austin Estates offer an excellent opportunity to invest in one of Atlanta’s most sought-after neighborhoods with value-add assets and organic rising rents. Both properties are offered as loan assumptions with below-market interest rates and almost five years of interest-only payments remaining.
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Decatur Value-Add Portfolio (2 properties, 254 units)
Decatur Estates
136 Units
3961-3975 Covington Highway
Decatur, GA  30032
Posted: 1/7/2021

The acquisition of Deercross provides investors with the rare opportunity to acquire 372 units at a 6%+ trailing cap rate and the proven ability to increase rent with light unit upgrades.. Deercross is being sold subject to the assumption of the existing Fannie Mae loan and therefore will not require upfront escrows and has interest only payments until June of 2025.

51 units at Deercross have been lightly renovated and have achieved $60+/- premiums. The new owner has the ability to continue to renovate units and grow revenue.

Deercross is located on the west side of Indianapolis and offers very convenient access to some of the city’s largest employers. Located directly on 38th street, a major east/ west thoroughfare with an average daily traffic count of 45,000, Deercross maintains extremely high leasing traffic.

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Under Contract
Deercross
372 Units
7007 Deer Path Drive
Indianapolis, IN  46254
Type: Conventional
Posted: 3/25/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Douglas Square on Hope Mills, a 198-unit apartment community located in Fayetteville, North Carolina. The asset is surrounded by the region’s prominent thoroughfares, which provide residents convenient access to the plethora of retail in the immediate area as well as the largest employers in the city, including Fort Bragg. Built in 1972 with a complete repositioning in 2020, Douglas Square on Hope Mills offers an outstanding opportunity to invest in a property with very little deferred maintenance with a recent capital infusion of $2.2MM+ and a successful value-add initiative that is underway, presenting a potential 24% boost in annual NOI.
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Under LOI
Douglas Square on Hope Mills
198 Units
5052 Watauga Rd
Fayetteville, NC  28304
Posted: 3/25/2021
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire East Main Street (the "Property"), a 100% market-rate, ±5.50 acre mixed-use development site located in a priority development area in Vacaville, California. Situated within a half-mile from an Interstate-80 onramp, the Property benefits from convenient access to the area’s largest and most renowned employers including Genentech, Kaiser Permanente, NorthBay VacaValley Hospital, Anheuser-Busch, UC Davis and Travis Air Force Base. Recognizing the critical need for infill housing, the City of Vacaville created the East Main District Master Plan, which identifies East Main Street as a priority development site and allows for the development of up to 304 units.
With direct access to 5 million jobs, Vacaville has emerged as one of the top performing housing submarkets in the San Francisco Bay Area. Local rents are projected to grow 20% by 2025 while median household incomes are expected to grow by 15% to $96,838 annually by 2024. Situated one block from Main Street, residents of East Main Street will be steps from the retail, dining, and entertainment offerings in downtown Vacaville. A rare opportunity with multiple exit strategies, developers can build a for rent or for sale project. As a 100% market rate community with minimal future competition, East Main Street will offer the high end, convenient living experience critical to attracting the region’s most affluent residents.
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East Main Street
4.68 Acres
East Main Street
Vacaville, CA  95688
Type: Land
Posted: 6/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Edgewater Crossings, a 266-unit, 2014-built apartment community located along Florida’s Gulf Coast. Edgewater Crossings offers residents a "beach-style" living experience with close proximity to all of Panama City Beach’s lifestyle amenities. The area is home to some of the nicest beaches in the U.S. which continues to drive strong population and rent growth, respectively. Built in 2014, Edgewater Crossings represents an outstanding opportunity to invest in an institutional quality asset with extraordinary cash flow in the desirable Panama City Beach submarket.
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Edgewater Crossings
266 Units
204 Potters Bluff Drive
Panama City Beach, FL  32408
Type: Conventional
Posted: 6/2/2021
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interests in H16 Apartments ("H16") and Eleanor Apartments ("Eleanor") which collectively compose the Midtown Portfolio (the "Portfolio") located in one of the nation’s top performing apartment markets. The Portfolio offers the rare opportunity to acquire one or both of the newest and highest-quality multifamily communities in Sacramento, CA at a ±10% discount to replacement cost. Situated in an Opportunity Zone in the heart of the region’s most dynamic and desirable urban locale, H16 and Eleanor are highly attractive to the area’s fast-growing renter-by-choice demographic. Cushman & Wakefield is presenting these assets either as individual offerings or as a portfolio.
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Midtown Portfolio (2 properties, 190 units)
Eleanor
95 Units
501 16th Street
Sacramento, CA  95814
Posted: 1/5/2021

The Cushman & Wakefield Multifamily Advisory group is pleased to present this exclusive offering to purchase the 312-unit "Ely at Centennial Hills“ (Ely) and the 312-unit "Pointe at Centennial Hills“ (Pointe). Ely & Pointe are located in the highly desirable Centennial Hills submarket, which experiences drivers from nearby shopping, high-end medical employment hubs, and recent development trends & high-end residential communities.

Investors are welcome to submit offers on Ely and Pointe as a portfolio, or individually, as each property is operated separately, with its own clubhouse, amenity space, and leasing office. Ely has recently undergone a massive renovation program, including a full overhaul of the clubhouse, leasing office, and amenity space, while 14% of the units were elevated to a full renovation scope. Pointe, on the other hand, has remained largely in classic condition, with ownership maintaining the partial renovation scope from prior ownership while operating for natural market growth.

In turn, fully renovated units are achieving $430 over the prior leased rate at Ely, while Pointe has maintained excellent occupancy and organic rent growth above the market.

ESMI ranked Las Vegas at #2 on their Talent Attraction Scorecard, and Yardi ranked Las Vegas at #3, nationally, for rent growth among major metros. Centennial Hills is emerging as one of the more "core" submarkets in Las Vegas and rent growth has been supported by this shift. This offering will give investors the unique opportunity to scaleup in Las Vegas & the booming northwest valley.

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ECH x PCH (2 properties, 624 units)
Ely at Centennial Hills
312 Units
5900 Sky Pointe Dr
Las Vegas, NV  89130
Type: Conventional
Posted: 5/13/2021

The Cushman & Wakefield Multifamily Advisory Group is pleased to present this confidential offering to purchase the Ely at Spring Valley Apartments, in Las Vegas, Nevada. This 180-unit asset was built in 2000 and has recently received a large capital injection in order to implement a strong value-add campaign. The asset is located at the edge of Spring Valley, near Summerlin South, one of the most desirable submarkets in the greater Las Vegas MSA, with nearby shopping, high-end residential communities, & employment hubs.

Summerlin South has the highest rent levels in the Las Vegas valley, and some of the strongest demographics in town as well. The average rents at Ely at Spring Valley are $1,326 per month. Classic units are renting for $1,250 on average and renovated units are renting for $1,488 on average. There’s 11.31% in loss to lease on the current rent roll and rent comps in the immediate area are achieving rents of up to $300 per month more than the renovated rents at Ely at Spring Valley.

Given that Las Vegas saw net in-migration topping 45,000 people in 2020 it’s no surprise that ESMI ranked Las Vegas at #2 on their Talent Attraction Scorecard and Yardi ranked Las Vegas at #5 for rent growth among major metros. Additionally, Las Vegas continues to see limited construction for multifamily, and CoStar projects Las Vegas to be in the top 3 among major metros for rent growth over the next 5 years.

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Ely at Spring Valley
180 Units
9750 Peace Way
Las Vegas, NV
Type: Conventional
Posted: 1/28/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Emerald Landings (the “Property”) – a 20-unit, luxury townhome community located in Tamarac, Florida. The property was built in 2015 to sell as individual townhomes. No townhomes were sold and the property operates as a single folio and ownership of all units.

Emerald Landings represents the rare opportunity for an investor to acquire a boutique, luxury townhome community without any HOA obligations. The property offers strong in-place income. Current market rents at the property are $2,364 whereas in place effective rents are $2,210 per month. A new investor can recognize revenue upside by eliminating $36,900 or $154/u/m in loss-to-lease by renewing or offering new leases to the units which are at below market levels. A new owner will also have the potential exit strategy of selling the units individually once the “for sale” market stabilizes.

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Under Contract
Emerald Landings
20 Units
7561 NW 88th Terrace
Tamarac, FL  33321
Posted: 4/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Enclave at Pamalee Square, a 242-unit apartment community located in Fayetteville, North Carolina. Surrounded by the region’s prominent thoroughfares residents of Enclave at Pamalee Square enjoy convenient access to prime retail and dining, as well as the largest employers in the city, including Fort Bragg. Enclave at Pamalee Square offers investors the opportunity to invest in a strong performing asset showing impressive operational momentum through 2020 and into 2021. The asset is primed for a value-add program to capitalize on market rental head room in a recession proof market that ranked #1 in annual effective rent growth in 4Q20 out of 150 ranked markets.
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Under Contract
Enclave at Pamalee Square
242 Units
1014 Enclave Drive
Fayetteville, NC  28301
Posted: 3/11/2021

FORMER INCOME RESTRICTED PROPERTY
In February of 2021, Falcon Creek was released from the Low Income Housing Tax Credit program which restricted the income level of 86% of the units. The new owner can immediately increase rents for new residents (with no restrictions) and can also raise rents for existing income restricted residents at lease renewal between $100 and $450 (varying by floorplan). The property also benefits from a long term Project Based HAP contract in which 12 units receive guaranteed income and are leased to Veterans. This Project Based HAP Contract runs through 2026.

HIGHLY SOUGHT AFTER 1999 BUILT VALUE ADD
Offering Washer / Dryer connections in all units, attached garages in select units and spacious floorplans, a comprehensive property and interior unit upgrade will allow a new owner to significantly raise rents. Current rents at Falcon Creek trail the market by an average of $179. The property offers a large clubhouse which, when renovated, can offer ample amenities to residents that are currently missing.

STRONG WESTSIDE INDY SUBMARKET
The westside of Indianapolis offers favorable dynamics with an average submarket occupancy of 95.5% and an impressive 4.3% rent growth in 2020.

NEARBY BY RETAIL
The property is very near many shopping centers and retailers including Aldi, Walmart, Meijer, Fedex, and many others.

CLOSE PROXIMITY TO KEY ECONOMIC DRIVERS
Falcon Creek is less than a 15 minute drive to downtown and near many major employers, millions of square feet of warehousing and the city’s largest logistics hub.

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Under Contract
Falcon Creek Place
131 Units
4301 Falcon Creek Boulevard
Indianapolis, IN  46254
Type: Conventional
Posted: 1/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 22-acre Falcon Parkway Development Site located in Hall County, Georgia, home to the country's #3 Best Performing Small Metro. Since 2015, more than 100 new and expanded businesses have announced 5,500 jobs and $1.2 billion in capital investment in Hall County. Falcon Parkway Development Site is a rare opportunity to procure acreage with multifamily development potential in a rapidly growing Atlanta suburb proximate to the thriving I-85/I-985 northeast corridor.
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Under Contract
Falcon Parkway Development Site
   
3870 Falcon Parkway
Flowery Branch, GA  30542
Posted: 3/18/2020