The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Axiom Apartments, a 202-unit apartment community situated in proximity to the 78-acre mixed-use Eastland Mall redevelopment anchored by the future practice facilities of Charlotte’s new Major League Soccer team. Convenient location to the desirable thoroughfare of East Independence provides access to ~250K jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show an 8% increase to household income over the next 5 years and a steady long-term unemployment rate in the immediate 1-mile radius. Built in 1987, Axiom represents an outstanding opportunity to realize up to $130 rental premiums that nearby competitive properties are currently achieving in the rapidly transforming East Charlotte submarket.
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Under Contract
Axiom
202 Units
5625 Keyway Boulevard
Charlotte, NC  28215
Type: Conventional
Posted: 2/16/2022

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.

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Under Contract
Baldwin Heights
48 Units
220 Garfield Avenue
Princeton, IN  47270
Type: Conventional
Posted: 1/19/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Main Street Columbia Portfolio, which can be acquired together or individually. Located in the heart of downtown Columbia, SC, all four assets offer direct access and visibility to the city’s most lively streets, major employers and entertainment options. The portfolio offers a rare combination of assets that contain features not commonly found including over 50,000 square feet of retail, historic status’, an array of unique floorplans and considerable tax benefits. Intriguing market fundamentals including a strong white-collar workforce and renter occupied population (~67% and ~71% respectively) position the assets to continue prospering for the long term. Built between 1903 and 1940, the Main Street Columbia Portfolio presents an exceptional opportunity to acquire four meticulously maintained assets with limitless upside as rents can be pushed significantly through the continuation of the value-add programs and organically with the 15% rent growth projected through 2026.
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Under Contract
Main Street Columbia Portfolio (4 properties, 176 units)
Barringer Building
75 Units
1338 Main Street
Columbia, SC
Type: Conventional
Posted: 1/31/2022
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
Bell Parkland
Offers Due:  Tuesday, July 12, 2022
396 Units
5851 Holmberg Road
Parkland, FL  33067
Type: Conventional
Posted: 5/23/2022

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 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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Berkshire Arms
100 Units
4021 N Seabreeze Road
Mobile, AL  36609
Type: Affordable Housing
Posted: 1/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Main Street Columbia Portfolio, which can be acquired together or individually. Located in the heart of downtown Columbia, SC, all four assets offer direct access and visibility to the city’s most lively streets, major employers and entertainment options. The portfolio offers a rare combination of assets that contain features not commonly found including over 50,000 square feet of retail, historic status’, an array of unique floorplans and considerable tax benefits. Intriguing market fundamentals including a strong white-collar workforce and renter occupied population (~67% and ~71% respectively) position the assets to continue prospering for the long term. Built between 1903 and 1940, the Main Street Columbia Portfolio presents an exceptional opportunity to acquire four meticulously maintained assets with limitless upside as rents can be pushed significantly through the continuation of the value-add programs and organically with the 15% rent growth projected through 2026.
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Under Contract
Main Street Columbia Portfolio (4 properties, 176 units)
Berry's On Main
27 Units
1217 Taylor Street
Columbia, SC  29201
Type: Conventional
Posted: 1/31/2022
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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Under Contract
Biscayne 112
402 Units
11200 Biscayne Blvd
Miami, FL  33181
Posted: 3/11/2022
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Sunbelt Multifamily Advisory Group, is pleased to present the exclusive listing of Blanton Common, a student housing community located in Valdosta, Georgia catering to Valdosta State University. The property totals 277 units and 862 beds, built in 2006 with property-wide renovations throughout 2021 and 2022. This offering provides investors the opportunity to purchase a newly renovated student housing asset with significant preleasing momentum and proven upside yielding immediate returns.
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Blanton Common Apartments
277 Units | 862 Beds
1505 Lankford Drive
Valdosta, GA
Type: Student
Posted: 4/27/2022
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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Blue Isle
340 Units
5100 West Sample Road
Coconut Creek, FL  33073
Posted: 4/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Blue Ridge Development Site located 90 miles north of Atlanta in Fannin County, Georgia. This extraordinary land, embedded in the North Georgia mountains, is strategically situated near the intersection of US-76/Appalachian Highway (26,900 VPD) and Blue Ridge Drive (15,900 VPD), 1 mile north of downtown Blue Ridge, and less than 2.5 miles west of Lake Blue Ridge. This rare asset offers potential for a high-density development opportunity in an irreplaceable location recently ranked among "the South's Best Mountain Towns" by Southern Living Magazine.
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Under Contract
Blue Ridge Development Site
33.1 Acres
9849-10017 Blue Ridge Drive
Blue Ridge, GA  30513
Type: Land
Posted: 9/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 13.94-acre, Bluff Road development opportunity in Columbia, SC. Investors can jump at the opportunity for a high-density multifamily development zoned by- right for up 223 units. The current ownership has put together conceptual plans and drawings for 180 units. The site is located on the edge of Downtown Columbia, 1-mile south of USC’s Williams-Brice football stadium and centered on the path of growth to 13 of Richland County’s top 30 employers in Manufacturing and Distribution. Future developers will look to harness the 4,000 jobs within a 5-mile radius, as new and younger residents flock to the region. The East Columbia submarket has witnessed a 22% increase in rents since 2020 that show no sign of slowing with another 10% increase in rental rates projected over the next 2 years. With Bluff Road serving as a major artery from Downtown Columbia to top manufacturing employers, development is bound to fill in the breaks as the city continues to grow at an extreme level. Developers will want to get in early, as this opportunity is only one of few with entitlements and approvals already in place.
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Bluff Road Development Site
13.94 Acres
Blair Road and Bluff Road
Columbia, SC  29201
Type: Land
Posted: 4/14/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire BLUME (the “Property”) – a boutique, Class-AAA, 100-apartment high-rise community located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2019 and owned by 37 Gables Property LLC, an affiliate of Greystone, the Property has large floorplans - almost 900 square feet - with a mix of lofts, one-, and two-bedroom units, along with 6,191 square feet of ground floor retail.

The Property provides an exceptional location with proximity to jobs, dining, and nightlife within downtown Coral Gables. Within a one-mile radius of the Property there is 8.9 million square feet of office space. Blume is offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high-rise apartment community with a unique boutique feel, only moments from the center of its most affluent and economically robust city.

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Blume
Offers Due:  Wednesday, June 15, 2022
100 Units
1501 SW 37th Ave,
Miami, FL  33145
Posted: 5/3/2022
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
For more information regarding this property please contact Jorge Rosa, Anthony (TJ) Liberto, Karen Inman, or Keith Braccia
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Bracken House
232 Units
100 Anderson Street
Pittsburgh, PA  15212
Posted: 4/19/2022
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 LOI
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 pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
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Florida 5 Portfolio (5 properties, 703 units)
Bridge Harbor
124 Units
401 Rhett's Loop
Callaway, FL  32404
Type: Build for Rent
Posted: 5/12/2022
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 Canton
118 Units
1010 Marietta Road
Canton, GA  30114
Posted: 8/6/2021
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 Trio (3 properties, 346 units)
Brighton Park (U/C)
134 Units
Whiskey Road
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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Brighton Village
Offers Due:  Wednesday, June 29, 2022
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: 8/6/2021
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
Offers Due:  Thursday, June 16, 2022
   
320 East Portland Street
Phoenix, AZ  85004
Posted: 5/11/2022