The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Mills at 601 and Havenly Park Villas, 192-units located in the rapidly-expanding and sought-after submarket of Prattville, Alabama. Prattville has benefited from strong schools and its proximity to Alabama’s capital city, Montgomery. Both properties are in the 3-year run-off period of the LIHTC program and are poised to generate robust returns upon exit. Built between 1995-97, the properties present an outstanding opportunity to invest in value-add assets through LIHTC exit and strategic positioning within a budding submarket.
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The Mills at 601 & Havenly Park Villas (2 properties, 192 units)
Havenly Park Villas
56 Units
2002 Summit Parkway
Prattville, AL  36066
Type: Conventional
Posted: 12/5/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit, Hawk Ridge apartment community in Winston-Salem, NC. Built in 1998, the property offers new ownership significant income upside from completion of a proven unit interior renovation program, and potential for a market-supported second phase of upgrades to push rents. Firmly cemented in a top-tier school system and demographic region ($90,000 HHI 3-mile radius), Hawk Ridge offers seamless connectivity by way of I-40 and US-158 to the premier retail and major employers of Winston-Salem - a metro defined by continued growth and a dwindling unemployment rate.
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Under Contract
Hawk Ridge
168 Units
400 Hawk Ridge Drive
Winston-Salem, NC  27103
Type: Conventional
Posted: 9/21/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 269-unit Hawthorne at Clairmont in Atlanta, DeKalb County, Georgia. Located just off of Interstate-85, Hawthorne at Clairmont provides residents immediate proximity to some of Atlanta’s largest employment hubs: Buckhead (100,000 jobs), Midtown (120,000 jobs), and Emory’s medical hub (40,000 jobs). This strategic location is further bolstered by the surrounding demographics where average household income exceeds $97,000 given a three-mile radius. Additionally, Buckhead’s skyrocketing rents are now pushing residents outward, allowing Hawthorne at Clairmont to capture traffic from priced out residents. Hawthorne at Clairmont represent the opportunity to acquire a true value-add property below replacement cost in one of Atlanta’s burgeoning markets
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Hawthorne at Clairmont
269 Units
2345 Peachwood Circle
Atlanta, GA  30345
Type: Conventional
Posted: 8/23/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, Hawthorne Willowbrook apartment community. Delivered in 2000, Hawthorne Willowbrook is located on the cusp of Greenville’s "Industry Triangle" with several of the county’s largest employers (10,500+ jobs) located just minutes from the property. Residents of Hawthorne Willowbrook enjoy seamless access to the premier retail in an area defined by an exceptional demographic base, including an average HHI of over $89,000 within a 3-mile radius. Bolstered by steady operations, the property is poised to bridge the average +$180 delta in effective rents to market competitors through a multi-pronged, proven value-add initiative.
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Hawthorne Willowbrook
Offers Due:  Thursday, February 14, 2019
144 Units
130 Willow Forks Drive
Simpsonville, SC  29681
Type: Conventional
Posted: 1/14/2019

The San Antonio Legacy 7 Portfolio is an exceptional opportunity to acquire well located and meticulously maintained value add assets in the San Antonio market. These properties have been owned and operated as an "all bills paid" portfolio by the current owner for over 36 years. The operating philosophy has been to keep the properties in top condition and fully occupied with a well-qualified resident profile. Rental rates are well below the market and new ownership can potentially increase income dramatically with value-add improvements and operational efficiencies.

All properties are located in mature infill locations that are difficult, if not impossible, to replicate, within Loop 410. Six of the seven properties have north side locations. Each asset has a history of high occupancy and none have been "upgraded" other than regular replacements.

This portfolio of 760 units represents a tremendous opportunity for investors to acquire a well-positioned and operationally efficient portfolio with a clear value add strategy. It could take years to assemble a similar group of properties with equivalent locations through individual acquisitions. These assets are unencumbered by existing debt and can be purchased individually or as a portfolio.

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San Antonio Legacy 7 Portfolio (7 properties, 760 units)
Herweck House
34 Units
231 Herweck Drive
San Antonio, TX  78006
Type: Conventional
Posted: 8/15/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 23-unit Holly Tree Townhomes supportive living community located in Riverdale, Clayton County, Georgia. The subject enjoys strong demand drivers resulting from its strategic I-75 South corridor location and proximity to Hartsfield-Jackson International Airport and Atlanta’s booming aerotropolis district. Completed in 1999 and 2001, Holly Tree Townhomes represents a unique opportunity to invest in an asset with efficient operations in the prospering Southern Crescent region of Atlanta.
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Holly Tree Townhomes
23 Units
5930 Highway 85
Riverdale, GA  30274
Posted: 6/20/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Icon Las Olas – an iconic 44-story residential high-rise overlooking historic Las Olas Boulevard, the Atlantic Ocean, downtown Fort Lauderdale and the New River.This coveted and irreplaceable asset opened in October 2017, and is comprised of 272 luxury residences and three top-rated restaurants: Etaru Japanese Bar + Grill, Salt Seven Modern Eatery & Lounge and IT! Italy Café.

A Trophy Residential Tower

Rising 44 stories, Icon is the tallest building in Fort Lauderdale. Suspended atop the skyline and nestled between Las Olas’ preeminent high street and the New River, Icon presents unobstructed views of the ocean, downtown and Las Olas Boulevard. An asset of this awe-inspiring height, condominium quality finish, architecture and irreplaceable location, make it a rare acquisition opportunity and the premier asset of an investment portfolio for generations as it commands the center of a major downtown.

Superior Asset Quality and Unit Sizes

Built with the most discerning residents in mind, Icon Las Olas sets a new standard of excellence. The building’s unique curvature, glass façade, and sheer height evoke feelings of opulence. All units feature floor-to-ceiling glass, interiors designed by internationally recognized Steven G., and exceptional interior finishes that include built-in Sub Zero and Bosch appliances. Average unit sizes are a remarkable 1,516 square feet, dwarfing the market average by over fifty percent.

Performance Fueled by Affluence

Icon Las Olas has performed in record setting fashion as the market enthusiastically responded to the ultra-luxury niche. The property has achieved stabilization in just over 12 months while boasting an affluent tenant base with the highest household incomes in South Florida, placing the rent to income ratios comfortably below market norms.

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Under Contract
Icon Las Olas
272 Units
500 East Las Olas Boulevard
Fort Lauderdale, FL  33301
Posted: 9/21/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Idora Apartments (the "Property" or "Idora"), a 33-unit luxury midrise apartment community located in Oakland, California. Situated in Oakland’s trendy Temescal neighborhood, the property provides the rare combination of modern design, a core location and instant transit access.

Completed in 2017, Idora was constructed to condominium-quality standards and has a condominium map in-place. The Property is a five story luxury apartment community that has a favorable unit mix of 14 one-bedroom and 19 two-bedroom units, in addition to approximately 2,400 square feet of ground floor retail. Idora is located in a thriving Oakland submarket which provides residents easy access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one the world’s premier places to work and play.

Idora Apartments is offered in conjunction with the 50-units located at 777 Broadway located in downtown’s Old Oakland neighborhood. These two properties are available individually or as a portfolio, providing immediate scale.

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Idora Apartments
33 Units
5239 Claremont Avenue
Oakland, CA
Posted: 1/10/2019

The Cushman & Wakefield Multifamily Advisory Group is pleased to present 6484 Indian Creek Drive, a waterfont land lease opportunity on Miami Beach. The land totals +/- 53,000 square feet. Currently on the site there is a 102-unit coop. The property was built in 1957. The land lease expires June 30, 2055 (almost 37 years left). The land lease totals approximately $65,000 per year in net income to the land lease holder.

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Indian Creek Land
1.22 Acres
6484 Indian Creek
Miami Beach, FL  33141
Type: Land
Posted: 12/1/2017
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Jersey Meadows
288 Units
2700 East 53rd Street
Davenport, IA  52807
Posted: 5/23/2017
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,760 units)
Jones Grant
243 Units
1040 Wake Towne Drive
Raleigh, NC  27609
Type: Conventional
Posted: 11/29/2017

Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire JOYA – a premier transit-oriented, 431-apartment home, 12-story asset located in Miami, Florida. With thoughtful unit layouts in a mix of flats and two-story townhomes, JOYA offers the largest floor plans in the market with an average unit size of 1,105 square feet. The property opened in February 2016 setting the standard for luxury apartment living while offering the most expansive amenities compared to its competitive set. Located within Dadeland, JOYA is less than five minutes from 1.5 million square feet of office and over 2 million square feet of retail. JOYA is also walkable to the Metrorail providing access to the other main employment corridors of Coral Gables, Downtown Miami and Miami’s Health District. Developed by nationally recognized Wood Partners, JOYA’s design elements and presence will stand the test of time.

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Under Contract
JOYA
431 Units
8150 SW 72nd Avenue
Miami, FL  33143
Posted: 3/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit East Tennessee Affordable Portfolio comprised of two properties located in LaFollette and Newport, Tennessee. Both assets are situated just outside the rapidly-expanding Knoxville MSA. Built in 2005, the portfolio offers an outstanding opportunity to invest in high quality, newer vintage, LIHTC assets significantly below replacement cost with substantial upside. Offers will be accepted on the full portfolio and/or on individual properties.
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Under Contract
East Tennessee Affordable Portfolio (2 properties, 176 units)
LaFollette Estates
88 Units
123 Brooke Place Lane
LaFollette, TN  37766
Type: LIHTC
Posted: 7/23/2018
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Under Contract
Lakehouse Luxury
125 Units
3003 S Frontage Road
Plant City, FL  33566

Cushman & Wakefield is pleased to offer LAKESIDE DRIVE A BROADSTONE COMMUNITY: A brand new 150-unit Class "A" luxury rental community centrally located near the heart of Downtown Tempe, Arizona, just steps away from Tempe Town Lake, the Tempe Center for the Arts, and popular Mill Avenue eateries and bars. Lakeside Drive A Broadstone Community features a mix of spacious studio, one, two and three bedroom (penthouse) floor plans and superior amenities. Lakeside Drive’s location near Rio Salado Parkway and Mill Avenue provides easy access to Arizona State University and other top-rated schools, medical centers, Tempe Beach Park, movie theaters, major employers and office parks, and many shopping and dining options. The property’s location is 1 mile away from the Loop 202 freeway and only a half-mile away from the light rail station at Mill Avenue and 3rd Street.

Residents can take advantage of Lakeside Drive’s resort-style swimming pool and spa, poolside cabanas, pool house with air-conditioned social area, outdoor firepits and entertainment pavilion, gourmet grilling stations, rooftop lounge with panoramic city and water views, clubroom with gourmet kitchen, complimentary coffee bar, two-story state-of-the art fitness center, climate controlled interior corridors, interior resident storage units, TransitScreen display, gated community with smartphone resident access, garage parking, WiFi in common areas and complimentary resident beach cruisers. Lakeside Drive A Broadstone Community features the Phoenix area’s first co-working space offered in a multifamily community, which allows residents to truly work from the comfort of their own home.

The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Lakeside Drive’s floor plans feature wood-style flooring, walk-in closets, gourmet kitchens with gas cooktops, Energy Star appliances, granite countertops and modern tile backsplashes, European-style cabinets with brushed aluminum pulls, USB charging outlets, Nest thermostats and front-load washer/dryers. Select units include 19-foot ceilings, en-suite bathrooms with dual vanities and wine refrigerators.

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Lakeside Drive A Broadstone Community
150 Units
500 West 1st Street
Tempe, AZ  85281
Type: Conventional
Posted: 10/4/2018
Cushman & Wakefield is pleased to present for sale, Lofts on 4th Apartments. Lofts on 4th, located in the historic Lowertown Neighborhood of St. Paul, offers highly desirable loft-style apartments steps away from Union Depot, St. Paul Farmers Market, CHS Field, Mears Park, St. Paul CBD and a wide variety of landmark restaurants and nightlife.

Lowertown is St. Paul’s highest profile urban neighborhood and its multifamily properties consistently perform at 98% occupancy or better. Additionally, the current average rent for the downtown St. Paul submarket is up 5.2% year-over-year bringing that figure to a new high of $1,535/month. This “Lofts on 4th” offering presents investors the rare opportunity to acquire an irreplaceable Lowertown asset with tremendous upside potential through in-unit and common area renovations.

Lofts on 4th features 24 loft-style apartments with 14’-20’ ceilings, exposed brick and large windows in select units. The property also includes 4 basement art studios and 2 street level retail tenants (Lowertown Wine & Spirits and Master Framers). The property is offered free and clear of existing financing.
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Under Contract
Lofts on 4th
24 Units
262 4th Street E
St. Paul, MN  55101
Type: Conventional
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Lucia nel Cielo Development Site
   
701 16th Street
San Diego, CA  92101
Type: Land
Posted: 7/7/2015
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LUXE on Chicago
Offers Due:  Wednesday, February 6, 2019
59 Units
1838 W. Chicago Ave.
Chicago, IL  60622
Type: Conventional
Posted: 11/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Magnolia Place
148 Units
1001 East Dale Street
New Iberia, LA  70560
Posted: 10/16/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 173-unit Magnolia Preserve apartment community located in Dothan, Alabama. Dothan is widely regarded as the “southeastern gem” of the state, with a growing medical/industrial economy and major local job growth. Magnolia Preserve maintains one of the best multifamily locations in the submarket, within the Montgomery Highway retail corridor (3M+ SF) and $70K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding organic rent growth since delivery (4.9% YoY) and stable occupancy. The next investor can further increase collections through rounding out the in-place value add campaign.
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Magnolia Preserve
173 Units
101 Magnolia Ridge Place
Dothan, AL  36303
Type: Conventional
Posted: 5/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group, in conjunction with the Cushman & Wakefield Student Housing Team, is pleased to present the exclusive listing of the 156-bed Main 608 apartment community located in Clarksville, Montgomery County, Tennessee. This asset is situated directly across from the rapidly-expanding Austin Peay State University (APSU) campus. Delivering in July 2018, Main 608 offers an outstanding opportunity to invest in a strategically located, true Class A asset that is poised to benefit from one of Tennessee’s fastest growing markets.
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Under Contract
Main 608
77 Units | 156 Beds
608 Main Street
Clarksville, TN  37040
Type: Student
Posted: 5/16/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 308-unit Mansfield on the Green apartment community in Mansfield, Texas, a rapidly-expanding suburb of the high-growth DFW Metroplex. Completed in July 2018, this brand new asset is an integral part of a changing landscape of new upscale developments redefining the character of suburban Mansfield. Anchoring the south end of the prolific Texas 360 corridor equidistant to both Fort Worth and Dallas, Mansfield is an exceptional residential community with phenomenal population growth, $155,000+ average household incomes, and $300,000+ average home values. In addition to offering direct connectivity to primary DFW employment districts, Mansfield on the Green benefits from its location next to Mansfield National Golf Club and close proximity to Methodist Mansfield Medical Center and Joe Pool Lake. With its lease up rapidly approaching completion, the subject offers strong investment advantages through second generation rent increases and increasingly strong demand drivers.
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Under LOI
Mansfield on the Green
308 Units
250 North State Highway 360
Mansfield, TX  76063
Type: Conventional
Posted: 8/21/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 2.68-acre Marathon Village Land development site located in Nashville, Davidson County, Tennessee. The site qualifies as an Opportunity Zone and is uniquely situated in the Marathon Village neighborhood, while bordering the highly affluent North Gulch. An additional 1.1-acre site is available in the immediate area. Located less than 1 mile from Downtown Nashville, the site offers an outstanding opportunity for new multifamily construction. Average rents are based on comparable properties outlined in Offering Memorandum.
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Marathon Village Land
   
1501 Herman Street
Nashville, TN  37208
Type: Land
Posted: 1/16/2019
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)
Meadow Wood
76 Units
4315 Orchard Road
Pascagoula, MS  39581
Posted: 10/31/2018