THIS OPPORTUNITY IS BEING OFFERED VIA AN AUCTION PROCESS THROUGH TEN-X
AUCTION DATES: MAY 1 - MAY 3

To access the full OM and sign the CA through Ten-X, you will need to follow the link here

1. CREDITS, INCENTIVES AND ABATEMENTS
The owner of Fourth & Walnut Centre can apply for a variety of incentive programs, including but not limited to state and federal tax incentives, sales tax exemptions for construction materials, and real estate tax abatements on the improved value. A summary of some of these programs and the property’s status is on page 8.

2. FOURTH STREET MOMENTUM
With multiple conversions and recently completed new construction, Fourth Street continues to evolve into a vibrant residential and hospitality corridor within Downtown Cincinnati. Fourth & Walnut Centre’s proximity to The Banks, a preeminent mixed-use development along the Ohio River, and Fountain Square, the social heart of Downtown, positions it well for either a residential or hospitality adaptive reuse.

3. WALKABLE AND TRANSIT-ORIENTED LOCATION
Fourth & Walnut Centre is located within a half-block of the Fountain Square Station for The Connector, a 3.6-mile streetcar line operating throughout the city’s urban core and connecting The Banks with Over-the-Rhine. Cincinnati is also one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%.

4. DOMINANT OHIO MSA
At more than 2.2 million residents, the Greater Cincinnati MSA, comprised of 16 counties in three states, is the largest within the State of Ohio and the 30th largest in the United States. 7 Fortune 500 companies are headquartered in the Greater Cincinnati MSA including 5 located in the CBD.

5. OVER 11,000 CINCINNATIANS CALL DOWNTOWN HOME Downtown Cincinnati supports a richly compact community with abundant amenities. With increased demand to live in the area and new housing options under construction or planned, this number is expected to grow for the foreseeable future. Downtown's population balloons several times over during and after work hours. When work is over, the entertainment corridors light up with residents and visitors alike.

To access the full OM and sign the CA through Ten-X, you will need to follow the link here

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 97-unit Gardens at Knoxwood apartment community located in Knoxville, Knox County, Tennessee. This asset is situated in the scenic East Knoxville submarket, a highly accessible location south of Interstate 40 with quick access to Downtown Knoxville (3 miles) and The University of Tennessee. Built in 1969 and renovated in 2023, Gardens at Knoxwood offers an outstanding value-add opportunity seeing $150+ in rent premiums with the ability to achieve additional premiums through full-scale renovations. Residents of Gardens at Knoxwood have direct access to key Knoxville employers including the University of Tennessee Medical Center, the U.S. Dept. of Energy at Oak Ridge, and Knox County Schools.

1. FULLY ENTITLED DELIVERED SITE
This 10+/- land site is zoned for up to 266 residential units and up to a 4-story product. The site offers a developer the opportunity design & develop a variety of potential products including market rate apartments, townhomes, single family rentals or a for sale product. Along with the existing 84-unit senior living and memory care facility and senior villas, Vision Development & Elmington Capital are under construction with 839 apartment units which include Class A+ market rate, workforce and 55+ age restricted units.

2. LOCATED IN DYNAMIC GROWING COMMUNITY
Union Township is a thriving community just on the outskirts of Cincinnati and is the 9th largest township in the State of OH. Located just minutes from I–275 the development site is nestled between abundant retail amenities and tree lined rapidly growing residential communities

3. PROXIMITY TO LARGE EMPLOYERS
Being known as a well-managed local municipality, Union Township is known as a business-friendly community. Union Township has emerged as a major employment center on the east side of Cincinnati. Home to Total Quality Logistics, the 2nd largest freight brokerage company in the US who is currently expanding their Headquarters which will create 600 new jobs. Nearby employers also include American Modern Insurance and Tata Consultancy Services who each have over 1,000 employees.

4. EASY ACCESS TO RETAIL, ENTERTAINMENT & COMMERCE
Union Commons Development location will not only provide residents access just minutes away to local retail, restaurant and entertainment amenities but also easy access to Downtown Cincinnati & Greater Cincinnati/N KY International Airport.

5. ESTABLISHED + IMPROVING AREA DEMOGRAPHICS – TRAFFIC COUNTS
2 new traffic circle will highlight the entrance to Union Commons from Bach Buxton Rd & Glen-Este Withamsville Rd. These improvements along with the Clepper Lane extension to Bach Buxton Rd. the current 13,375 cars per day will increase significantly. Union Commons is also surrounded by desirable demographics with average household incomes of $95,000 and significantly rising home values.

6. OPPORTUNITY ZONE
Union Commons development site is located within a Designated Opportunity Zone, one of only two located in Clermont County. Investors in a multi-family development will have the ability to defer existing capital gains and take advantage of the significant long-term hold tax benefits available to investors in projects located in Opportunity Zones.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Grandview Pointe. This unique offering comprises 96 existing multifamily units built in 2009 alongside 30+ acres of contiguous development land. Grandview Pointe is unlike any other multifamily site in the City of Mobile with its frontage on Mobile Bay. The asset boasts 1,400+ feet of shoreline along Mobile Bay, a first-class amenity package and convenient access to Downtown Mobile. The 96 existing multifamily units continue to outperform the market due to the unique location and unmatched livability factor. Grandview Pointe represents a compelling opportunity to acquire a performing asset while also shaping the development land into a prominent community landmark.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Greenbriar Commons apartment community located in Atlanta, Fulton County, Georgia. This asset is situated in the strategically-located, I-20 Fulton Industrial District of southwest Atlanta. Built in 1972, and renovated in 1993, Greenbriar Commons represents an outstanding opportunity to invest in a naturally expiring LIHTC property with excellent value-add potential. Nestled within a thriving logistics-driven submarket, the property benefits from a location that aligns with the demands of modern commerce. Greenbriar Common’s proximity to key transportation and distribution centers positions it as a valuable asset in Atlanta’s logistics and e-commerce hub.

The Cushman & Wakefield Florida Multifamily Group is pleased to present the 130-unit Greenway Apartments community located in Sarasota, Florida.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 268-unit Grove Parkview apartment community located in Gwinnett County, GA. Current ownership has renovated 156 units to a modest finish level and has achieved proven rent premiums of $208 over classic units. By elevating the renovations to an elite finish level, across all 268 units, new ownership has the opportunity to further drive rent premiums. Embedded in the affluent Gwinnett County, Grove Parkview is zoned to a top-notch school district and benefits from a prosperous demographic landscape with predominate white collar employment and ample high-paying job opportunities. New area developments as well as the prominent Northern Arc have propelled population growth across the county. Limited supply coupled with high demand, creates a strong future outlook for Gwinnett’s multifamily dynamics.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 209-unit Harmony apartment community located in Columbus, Muscogee County, Georgia. This asset is in the desirable central corridor of Columbus providing convenient access to major employers (Aflac, TSYS, Synovus, and BlueCross BlueShield) via I-185. Built in 1968-1973, Harmony represents an outstanding opportunity to invest in proven value-add asset with immediate upside, given that only 8% of units have been renovated to a premium level achieving $237 over classics. Additionally, the property has attractive assumable debt with a below market interest rate at 3.68%.

OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 54-unit Hawthorne Heights BTR community located in Bentonville, AR. Hawthorne Heights is attractively situated north of Downtown Bentonville and is just a short distance from Crystal Bridges, Bentonville High School and well-known local hiking/mountain biking trails. Bentonville rests at the head of the booming NW Arkansas MSA, which is home to 3 Fortune 500 Companies – Walmart, JB Hunt and Tyson Foods. Walmart’s headquarters sits just 3-miles Southwest of the asset, supplying 14,000+ corporate jobs and is the World’s largest retailer.

Hawthorne Heights offers a unique asset to a population currently underserved in the growing NW Arkansas market. With final units being delivered soon, Hawthorne Heights offers a premiere opportunity to invest in a well-located asset with the ability to achieve above market returns.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 62-unit Hearthstone Homes OKC duplex community located in Oklahoma City, OK. This asset is strategically located in the South Oklahoma City submarket, where comparable properties are seeing market-leading occupancy numbers (96%). Hearthstone Homes OKC is also highlighted by a proven Value Add campaign, as recent move-ins are achieving ~$150 premiums over classic units. Built in 1984, Hearthstone Homes OKC offers an outstanding opportunity to invest in a proven value add duplex asset in a unique infill location.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit Hidden Valley apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, this asset has close-in access to all of Atlanta’s major employment hubs via I-285 and I-20. Built in 1970, Hidden Valley is located in one of the most popular multifamily submarkets in the Metro with organically rising rents for the past seven years. Hidden Valley has 86% classic units and enters the market ready for an ROI program to push future returns.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit, Holiday Cove apartment community located in Forsyth, Monroe County, Georgia. This asset is situated in the strategically-located Forsyth submarket of Macon and just 60 miles south of Atlanta. Built in 1987, Holiday Cove represents an outstanding opportunity for new ownership to invest in a property with the ability to achieve $150+ premiums through a moderate value-add program while rolling recent leased renovated units that are currently in line with classic units. This property has undergone $800K of exterior and interior capital expenditures, which include landscaping, amenity enhancements, select roof replacements, and interior upgrades. With so few multi-family units in Monroe County, Holiday Cove creates a desirable investment in a limited market. The area’s dynamic economy is bolstered by premiere schools, a booming film industry, and continued job growth (900 new jobs in Locust Grove - 25 miles from the property).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 378-unit Houma Highlands apartment community located in Houma, LA. Strategically situated in Southwest Houma, the property is just minutes from the Houma Crossing retail development and Southland Mall, providing residents convenient access to a plethora of national retailers and entertainment destinations. Houma Highlands benefits from an affluent demographic landscape, boasting an average household income of $117K within a 1-mile radius. Current ownership has fully renovated 49 units, achieving $119 premiums over classic units. New ownership is presented an exceptional opportunity to drive rental income by taking all units to an elevated finish level.

The subject site is a unique opportunity to acquire a suburban multifamily development site that has LCRA abatement approval for development with 320 units. The 28-acre site is currently developed with a former golf driving range and building with an asphalt paved parking lot. The site is level and is mostly a grass field. The property is located in an area that is truly superior in terms of accessibility, demographic profile, and proximity to amenities and upscale housing. The site is located near State Line in Missouri, less than one mile east of the Leawood, Kansas, and just north of Loch Lloyd. The immediate area consists of several national retailers along primary thoroughfares. The site is located along "Main Street" in Martin City and has access from East 135th Street, which is a primary roadway in the area.

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Kensington Crossing and Magnolia Falls, a two property, 676-unit portfolio in Fredericksburg, Virginia. The 476-unit Kensington Crossing and 200-unit Magnolia Falls are minutes away from one another offering investors intriguing scale in Stafford County, one of Northern Virginia’s fastest growing jurisdictions. Kensington Crossing was built in three phases, with 152 units built between 1991 and 1992, and 320 units completed in 2003 with 9’ ceilings and fully sprinklered buildings. The Portfolio is located minutes away from some of Stafford County’s largest employers and within close proximity to significant retail amenities. The area’s appeal is demonstrated in the outsized population growth which has been experienced in the immediate area around the assets, outpacing that of Stafford County as a whole. This demand translates to lofty apartment market fundamentals with current and projected rent growth expected to exceed the broader DC metro area and average over 4.0% annually over the next 5-years. In addition to organic growth potential, Kensington Crossing and Magnolia Falls present intriguing mark to market potential with new leases achieving trade-out growth of 16.6% and 14.2% respectively. Each asset has seen significant capital invested in base building, amenities and unit renovations limiting capital risk. Both properties are being offered subject to below market existing financing to further magnify returns. Please note ownership will accept offers on a portfolio or individual asset basis.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 214-unit Kristopher Woods Apartments. Located in Clarkston, DeKalb County, Georgia, the property is situated in a thriving multifamily market in Northeast suburban Atlanta and proximate to multiple job drivers via the I-285 perimeter. Built in 1973, this offering arrives to market displaying attractive fundamentals including steady occupancy levels, with organic rent growth for continued appreciation, and primed for a continuing value-add program.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Legacy of Athens apartment community located in Athens, Clarke County, Georgia. This asset is situated in the desirable southeast corridor of Athens, GA with close proximity to the University of Georgia and Downtown Athens. Built in 1968, Legacy of Athens offers an outstanding opportunity to invest in a proven value-add story with strong market fundamentals.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is honored to present the exclusive listing of lilli Midtown, an award-winning boutique, trophy high-rise strategically positioned in the heart of Midtown Atlanta. lilli Midtown’s exceptional architecture and top-notch finishes draw in an affluent resident demographic. The property boasts custom designed amenity spaces, best-in-class views, and a rare rooftop pool. This asset offers a luxurious lifestyle with walkability to Atlanta’s renowned attractions, such as the Fox Theatre and Lyla Lila, a Michelin rated restaurant located within lilli Midtown. This unique and exciting location is at the crosshairs of the prominent Peachtree Street and Ponce De Leon corridors, anchored by numerous office, retail, and healthcare developments, providing easy access to Atlanta’s desirable Eastside BeltLine trail. lilli Midtown provides a highly attractive opportunity to invest in an irreplaceable Midtown asset at well below replacement cost.