The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Cartersville Development Site located 38 miles northwest of downtown Atlanta in Bartow County, Georgia. This extraordinary development site, strategically situated at the busy Interstate 75/Highway 20 interchange (Exit 290), is less than 2 miles east of Georgia Highlands College Campus and Cartersville Medical Center employment hubs. The Cartersville Development Site offers potential for a multiple-phased, multifamily/mixed-use development opportunity in a high-visibility location within a growing submarket.
Under Contract
Cartersville Development Site
600 Units
5628 GA Hwy-20 2 Parcels: PRJ 0777471 & PRJ047126
Cartersville, GA  30121
Posted: 4/22/2020

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Castle Point, a 740-unit, 1974 to 1980-built apartment community located in vibrant South Bend Indiana.

The acquisition of Castle Point represents an opportunity to own a large asset adjacent to the city's highest-end suburb at a 5.5% T-3 Cap Rate and a 6%+ Cap Rate Year 1. The property offers an unmatched set of amenities in a sought-after South Bend location.

Large Iconic Asset - 5.5% T-3 Cap Rate

Castle Point is a well-regarded landmark community with it's massive unmatched amenity center, idyllic setting, and unique unit features and floorplans. Providing an excellent immediate yield, the property is being offered at a 5.5% T-3 Cap Rate and an achievable 6%+ in year one.

Huge Remaining Upside & Proven Premiums

The property offers significant revenue increase potential through continued unit upgrades and converting 2 bedroom units with dens into sought after 3 bedroom units. There are also several free strategies to raise cash flow including: maintaining strong rent increases on lease-trade (currently achieving 15% organically) and rightsizing bad debt and occupancy.

$5.6M Capital Infusion Completed

The current owner has enhanced the property through a $5.6M capital ex program. Improvements included clubhouse upgrades, elevating and adding amenities, and 361 unit interior renovations. 379 classic/previously renovated units remain, offering the new owner the ability to increase revenue by $1M annually.

High Income & Growth Location

Castle Point is located on the north side of South Bend and adjacent to Granger, the most upscale area in the region with the highest single-family home values in the county and touting 56% of households with incomes over $100,000.

The Strength of South Bend

The diverse economy of South Bend has upward momentum with ample new developments and growth. Prestigious Notre Dame University brings stability & educated talent, and the rental market offers an incredible 15.4% rent growth.

Castle Point
740 Units
18011 Cleveland Rd
South Bend, IN  46637
Type: Conventional
Posted: 8/30/2022
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.
Park 3 Portfolio (3 properties, 533 units)
Centerview Park
128 Units
2300 Benson Poole Road
Smyrna, GA  30082
Type: Conventional
Posted: 9/26/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Centre Lake, a transit orientated, incoming producing, development site. Situated on 11.1-acres, the site is adjacent to the Golden Glades Multimodal Transportation Facility and is currently improved with 234-units. The property is part of an areawide rezoning effort that, upon approval, will increase the "as of right" density to 125 units per acre. An additional 25% density bonus can be achieved by incorporating workforce housing or making a “contribution in lieu” payment.


Built in 1986, Centre Lake Apartments is a 234-unit single-story, villa-style property. The property is 94% occupied with below market rents. There is $640,000 of loss-to-lease revenue upside potential to be realized by pushing all the rents to market. Market rents are readily attainable of $1,300 for studios; $1,500 for one bedrooms and $1,925 for two bedrooms; 31 units (13%) are currently renting at or higher than these market rents. Assuming all units are at the respective market rents, there is $640,000 in loss-to-lease before capital enhancements. Current ownership has upgraded three units. New ownership can chose to implement a value-add program and receive $150 per unit rent premiums over the market rents which would add another $420,000 in upside income. All one and two bedroom units (69% of all units) have washer and dryer hookups in place.


The Centre Lake property is positioned within an area that is being considered for up-zoning that would increase the site’s density potential to ± 1,733 units or about 156 units per acre. In September 2022, the Miami-Dade County Commission is scheduled to review a large area rezoning application that would dramatically increase the residential density potential of the N.W. 7th Avenue corridor, including the Centre Lake property, by including it in the North Central Urban Area District (“NCUAD”). As part of the NCUAD, the property will be designated “RM-Core” allowing up to 15 stories and a residential density of up to 125 units per acre "as of right." A density bonus of up to 25% can be achieved by participating in the County’s Workforce housing program, bringing estimated potential density to over 1,700 units. In addition, due to Centre Lake’s proximity to the new Golden Glades Multimodal Transportation Facility, existing bus stops and the Golden Glades Tri-Rail Station, it is eligible for a parking reduction of up to 30%.

Centre Lake
234 Units
15754 NW 7th Avenue
Miami, FL  33169
Type: Conventional
Posted: 8/22/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit, 482-bed, CEV Upstate student housing apartment community located in Spartanburg, SC. Situated along the commerce-rich Interstate 85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (11,000 employed) and burgeoning high-tech economy. The off-campus housing complex lies directly next to the University of South Carolina Upstate in an area of East Spartanburg that supports over 70k jobs within a 20-minute drive, impressive projected rent growth of 15% through 2026, and a strong white-collar workforce (50%). Built in 2008, CEV Upstate arrives to market with a top-notch amenity package and ideally positioned for a Class-A value-add campaign to bridge the gap between submarket competitors and command average premiums of $90+/bed ($270/unit).
CEV Upstate
157 Units | 482 Beds
101 Campus Suites Drive
Spartanburg, SC  29303
Type: Student
Posted: 5/25/2022
Cushman & Wakefield is pleased to present for sale, Charles Street Manor, a 36-unit value-add opportunity in the “first ring” suburb of Fridley Minnesota. The property consists of (3) 12-unit properties located directly adjacent to each other at 101, 179 & 180 Charles Street NE.

The properties are situated just North of 694 on the corner of East River Road and Charles Avenue. The location is just east of the Mississippi River and steps from Chase island that includes numerous walking trails and picturesque views of the River. The property is also located just 10-minutes north of downtown Minneapolis and its proximity to both interstate 694/Interstate 94 allows quick access to anywhere in the metro.

Charles Street Manor has been significantly upgraded over the last 18 months with 18 of the 36 units being renovated with granite countertops, new cabinets, appliances, bathrooms and LVT flooring throughout. The asset is offered free and clear of existing financing. Tours are now being scheduled. Please contact Robert Dulin directly to set up a tour, which will be scheduled by appointment only.
Under Contract
Charles Street Manor Apartments
36 Units
101, 179, 180 Charles Street NE
Fridley, MN  55432
Type: Conventional

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Charlesbank Estates, a 218-unit prime value-add investment property located in Waltham, MA. Built in 1960-1987, the property is ideally situated within walking distance to Brandeis University.

Charlesbank Estates offers a vast amount of untapped value by increasing rents to market levels as well as the opportunity to implement a comprehensive unit renovation program that would generate significant rent upside. Combined with the fact that the property has 100% market rate units, this presents an extremely rare and desirable investment opportunity.

The property is strategically located in the heart of Greater Boston’s largest suburban employment hub, with over 31 million square feet of office and lab space within a five-mile radius. Many of these employers are Fortune 500 companies, including defense contractor Raytheon, medtech corporation PerkinElmer, technology companies and StudentUniverse and the marketing firm Constant Contact. In addition to the numerous employment opportunities within Waltham, residents can also utilize the MBTA Commuter Rail to easily reach jobs in Downtown Boston.

Pricing & Process

Charlesbank Estates is offered for sale on an "as-is" basis and without a formal asking price. Once investors have the opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers" date.

Charlesbank Estates
218 Units
70 Charles River Road B
Waltham, MA  02453
Posted: 9/6/2022
Cushman & Wakefield is pleased to exclusively present Cherryland Place (the "Property"), a fully-entitled mixed-use multifamily development site located in a Qualified Opportunity Zone in unincorporated Hayward, California. Located within 10 minutes of three BART stations and 15 minutes from the San Mateo Bridge, Cherryland Place will provide future residents convenient access to the Peninsula, and a seamless 25 and 35 minute commute to Oakland and San Francisco, respectively. Situated between Interstates 580 & 880, future residents are well connected to San Jose and Silicon Valley - the technology capital of the world.

Cherryland Place’s strategic central Bay Area location provides widespread access to the most innovative companies in the world and is well positioned within a high income growth submarket. Median household incomes in the Hayward area are forecasted to grow 21% by 2024 to $102,426 annually, while the number of local households with annual incomes greater than $150,000 is expected to grow 36% during this same time. As a modern community with on-site retail and easy access to the region’s top employers, Cherryland Place will offer the well-amenitized living experience and embedded upside critical to making the community a highly successful development project.
Cherryland Place
2.78 Acres
20095-20097 Mission Blvd
Hayward, CA
Type: Land
Posted: 2/5/2020

New Construction $200K Build-to-rent Homes

Currently under construction, Circle Point Villas is a new, high end rental home community built by an experienced developer. After rollover of the first leases, additional organic rent growth could be achieved.

High Demand for Home Rentals

There is increasing demand for renters who prefer the privacy and larger size of a home, without the burden of homeownership. Peak home prices coupled with the flexibility of renting and desire for suburban living have boosted the demand for BTR communities.

Trending Demographics Support Rental Rates

Circle Point Villas is primed for a high-level resident profile. Average household incomes within five miles are $66K and is expected to increase by 10% over the next four years. Nearly 52% of residents earn over $50K. Spending 30% of a $66K average gross income for housing equates to rents starting at $1,650.

Maintenance Free Rentals with Flexibility

BTR homes attract millennials, baby boomers and prospective home buyers tired of the house hunt with the flexibility to move when they want, and maintenance free living with professional on-site management. Circle Point Villas offer spacious open layouts, direct access garages, green space, patio and front porch, laundry room with W/D and a full appliance package.

Near Significant Employment

Toyota Motor Manufacturing | Indiana (7,296 employees) is less than five miles from Circle Point Villas. 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).

Under Contract
Circle Point Villas
117 Units
Princeton, IN  47670
Type: Build for Rent
Posted: 6/9/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 148-unit City Heights at Magnolia Place apartment community located 30 minutes south of Lafayette in New Iberia, LA. This asset is situated just off of Hwy 90, giving residents convenient access to major Lafayette employers. Surrounding the property is the Port of Iberia, home to over 5,000 employees and 100+ companies. Built in 1984, City Heights at Magnolia Place offers an outstanding opportunity to invest in a value-add asset in a limited supply submarket.
City Heights at Magnolia Place
148 Units
1001 East Dale Street
New Iberia, LA  70560
Posted: 4/25/2022
CUSHMAN & WAKEFIELD, as exclusive marketing advisor, and in collaboration with Colliers - Urban Core Division, is pleased to present this exciting development opportunity ideally positioned in downtown Miami’s Central Business District. The site offers intense, mixed-use zoning with extraordinary walkability and immediate access to mass transit.
Clear Residences Site
0.55 Acres
130 SE 1st Street
Miami, FL  33131
Type: Land
Posted: 8/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Coastal Exchange, a 300-unit apartment community located in Myrtle Beach, South Carolina. The property is strategically located in the nation’s fastest growing city, characterized by soaring population and skyrocketing home values. The Class-A community will feature modern finishes and best-in-class amenities, positioning it as the one of the submarket’s leading assets. Situated just off Highway-17, the property offers residents unmatched access to the area’s foremost employers as well as an array of retail and entertainment, including 66-miles of shoreline just minutes away. Furthermore, the submarket enjoys ideal fundamentals propelled by the influx of new residents, with 23% rent growth anticipated by 2026. Market comparables and submarket projections outline the property’s vast rent potential ($1,950+ at final CO) and highlight incoming ownership’s opportunity to acquire a top-tier asset at an extremely attractive basis.
Under Contract
Coastal Exchange
300 Units
5895 Arbor Isle Way
Myrtle Beach, SC  29577
Type: Conventional
Posted: 4/13/2022

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.

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.
Under Contract
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 the opportunity to acquire Core Link at Douglas (the “Property”) – a 312-unit, 22-story, FGBC Silver (pending) class-AAA highrise adjacent to the Douglas Road Metrorail station and Coral Gables’ esteemed Merrick Park neighborhood. A Phase II sister tower, the 421-unit Cascade will deliver in late summer 2022 and further enhance the master-planned living experience of residents with the addition a 22,000 square foot Milam’s Market on its ground floor.

Strategically positioned at the nexus of four mature and affluent neighborhoods, the Property’s highly desirable combination of high-rise Biscayne Bay views, asset quality, expansive amenities, walkability, and TOD access in this coveted submarket have attracted superb resident demographics with average household incomes near $250,000. Core Link at Douglas represents a rare opportunity to acquire a newly completed, transit-oriented, class-AAA high-rise in one of the highest barrier-to-entry and most affluent submarkets in Miami.
Under Contract
CORE Link at Douglas
312 Units
3060 SW 37th Avenue
Miami, FL  33133
Posted: 3/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Country Meadows community located in the Little Rock, AR MSA. This asset is situated NE of Little Rock in Searcy, AR with a top ranked public school system and two universities (9,000+ students) within 20 minutes of the property. Country Meadows comes with attractive assumable debt in place, a quality physical plant, and an interior value add program which can boost rents $150. Built in 1998, Country Meadows offers an outstanding opportunity to invest in a high performing asset with true value add potential.
Country Meadows
224 Units
909 Holmes Road
Searcy, AR  72143
Posted: 7/7/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 80-unit Courtyard Villas Apartments community located in Orlando, Florida.

Under LOI
Courtyard Villas
80 Units
3764 South Rio Grande Avenue
Orlando, FL  32839
Type: Conventional
Posted: 9/24/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 248-unit Creek27 Single Family Rental community located in San Angelo, Tom Green County, Texas. This best-in-class asset is situated in southwest San Angelo, minutes from major employment centers, San Angelo's premier retail corridor, and an array of outdoor and cultural amenities. Built in 2022, Creek27 represents an outstanding opportunity to acquire a newly-built, single family rental asset in a market that is poised for extended growth as its diverse economy continues to attract talent and investment.
248 Units
5702 Melrose Ave
San Angelo, TX  76901
Type: Build for Rent
Posted: 7/8/2022
Crosby Park
216 Units
5535 NW Cache Rd
Lawton, OK  73505
Type: Conventional
Posted: 8/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Cross Hill apartment community located in booming Columbia, SC. This asset is situated in the desirable Central Columbia area just over 3 miles from downtown Columbia, providing residents seamless connectivity to premier retail and top employment nodes. The property’s exceptional micro location boasts blue-chip demographics including high avg. HHI ($86k+), a dominant white-collar workforce (72%), and impressive projected rent growth (22% through 2026). In a sought-after pocket of Richland County, residents at Cross Hill enjoy walkability to over 255k SF of high-end retail in their own backyard including Whole Foods and Athleta, with Target, World Market, and Publix less than a mile away. Built in 1972, Cross Hill arrives to market meticulously maintained with a proven Class-A value-add campaign ($200+ avg. premiums) for investors to complete on all units to push rents $215+, aligning the asset with top submarket competitors.
Cross Hill
Offers Due:  Wednesday, November 30, 2022
184 Units
4427 Blossom Street
Columbia, SC  29205
Posted: 5/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, FL. This asset is situated along US-98 (23K+ VPD), a high traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Pensacola is benefitting from Navy Federal Credit Union’s rapidly expanding campus that is ahead of schedule to employ 10,000+ by 2026. Current owners have successfully started an interior value add program that has achieved $245 avg. rent increases over prior unrenovated rents. Built in 1997 with a quality physical plant, Crystal Lake provides an excellent opportunity to invest in a performing asset with proven value-add premiums.
Under Contract
Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Posted: 3/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 58-unit Cumberland Court apartment community located in Valdosta, Lowndes County, Georgia. This asset is situated in the thriving North Valdosta region, just off major thoroughfare North Valdosta Road and within minutes of major retailers such as Publix and Chick-fil-A. Built in 1985, Cumberland Court offers an outstanding opportunity to invest in a high-performing, well-located asset, primed for value-add. With 100% classic units, Cumberland Court allows for an elevated value-add plan to push rents $264.
Cumberland Court
58 Units
8 Meadow Run Circle
Valdosta, GA  31601
Posted: 3/21/2022


Currently under construction, Cypress Point is the only Class A multifamily property in Washington, IN.


The closest direct competitor to Cypress Point is Baldwin Heights, located 40+ minutes south in Princeton, IN and was built by the same developer.


Located within a newly established economic revitalization area, Cypress Point has a 5-year tax abatement in place that ends in the year 2027. This favorable tax abatement will offer the new owner increased cash flow.


Located adjacent to the new I-69 North American Super Corridor, Cypress Point benefits from:

- 178,000+ Workforce within a 60 minute drive

- 80% of the US population within a one day drive

- Westgate at Crane Technology Park (30 Minute Drive)

- Naval Surface Warfare Center - Crane Division (30 Min. Drive)

- Toyota Motor Manufacturing - 7,296 Employees (45 Min. Drive)

- Direct commute to Indianapolis and Evansville

- Washington, IN is the county seat of Daviess County

Cypress Point
144 Units
2005 E. National Highway
Washington, IN  47501
Type: Conventional
Posted: 6/7/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,152-unit, Cross Country 5 Portfolio located in Arkansas, Oklahoma, and West Virginia. This portfolio is distributed across the Little Rock, Tulsa, and Huntington markets that have seen 7.8%, 10.4%, and 4.8% YoY rent growth, respectively. Little Rock is the state capital of AR and is home to over 60K State and Local Government jobs. With an average household income of over $90K, Broken Arrow is the largest suburb of Tulsa, OK, the second largest city in the state. Built between 1964 and 2017 this portfolio offers an outstanding opportunity to invest in a value-add portfolio in some of the strongest performing markets in the Sunbelt.

DLP Wexford, located in West Virginia, is co-brokered with Century Realty, LLC: Century Centre, 1233 Main Street, Suite 1500, Wheeling, WV 26003. John D. Aderholt, Exclusive West Virginia Broker, +1 304 232 5411,

Cross Country 5 Portfolio (5 properties, 1,152 units)
DLP Wexford
340 Units
98 Devonshire Dr
Scott Depot, WV  25560
Posted: 9/7/2022