The Cushman & Wakefield Student Housing Team is pleased to present the exclusive listing of the 224-unit, 600-bed, Evolve at Allendale student housing community located in Allendale, Michigan. This 2016 purpose-built asset offers direct access to Grand Valley State University (GVSU) - Allendale Campus. Evolve Allendale represents one of the few newly built Class "A", off-campus housing options for GVSU students that is within walking distance to campus and offers the opportunity for future stabilization of occupancy and rent growth for subsequent years.
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Evolve at Allendale
224 Units | 600 Beds
4967 Pierce Street
Allendale Charter Twsp, MI  49401
Type: Student
Posted: 1/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 43-unit Fairington Club apartment community located in Lithonia, DeKalb County, Georgia. This boutique asset is situated in east metropolitan Atlanta and is convenient to large employers, the Snapfinger Industrial District, and a planned transformative sports complex. Built in 2007, Fairington Club is a solid-performing property with attractive, spacious units and substantial value-add potential.
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Fairington Club
43 Units
3301 Fairington Club Drive
Lithonia, GA  30038
Type: Fractured
Posted: 6/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Under Contract
Centralized Southeast 8 (8 properties, 1,362 units)
Fairways at Hartland
240 Units
850 Wilkinson Trace
Bowling Green, KY  42103
Type: Conventional
Posted: 10/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 154-unit Family Place apartment community located in Mobile, Alabama. This asset is situated on Michael Boulevard, just over one mile south of Airport Boulevard. With I-65 under a half mile from the subject, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1973, Family Place offers an outstanding opportunity to invest in a property that is coming out of LIHTC and has exceptional value add potential.
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Family Place
154 Units
3600 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Posted: 2/14/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Footprints on the Bay (the "Property") a 96-unit garden-style apartment community located in Monterey, California. Situated in a highly sought after coastal market, Footprints on the Bay is Monterey’s second largest multifamily property and provides residents convenient access to the region’s diverse employers such as the Naval Post Graduate School, Community Hospital of Monterey Peninsula, Cal State Monterey Bay, Dole Fresh Vegetables Company and Pebble Beach Resorts.

Footprints on the Bay was built in 1972 and is situated on 4.32 acres of mature, landscaped grounds. The well-amenitized property has a favorable unit mix of 8 Studios, 44 one-bedroom units and 44 two-bedroom units. Footprints on the Bay has the added benefit of an existing condo map. 116 former apartment units have been sold off as condos. Although current ownership has diligently maintained the asset, no units at Footprints on the Bay have undergone a modern renovation program. With the opportunity to invest in an asset repositioning, an investor can execute on a market proven value-add strategy and unlock the tremendous upside potential of Footprints on the Bay.

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Under Contract
Footprints on the Bay
96 Units
300 Glenwood Circle
Monterey, CA
Type: Conventional
Posted: 1/10/2019

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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Under Contract
San Antonio Legacy 7 Portfolio (7 properties, 760 units)
Four Seasons
46 Units
1779 Nacogdoches
San Antonio, TX  78209
Type: Conventional
Posted: 8/15/2018

Fox Brook and Walnut Manor are 2 properties located adjacent to one another; currently owned by a private equity group looking to recycle its current capital stack.

Most of the units have original interior finishes and offer the new owner the opportunity to complete updates and achieve rent premiums. The current owner has refinished flooring throughout both properties (potentially a handful of exceptions) with vinyl plank flooring in the main livings areas.

Current rents are below the market comparables. Other rental premiums that are not currently being charged are: wash/dry, vaulted ceilings and upgraded flooring.

The portfolio is being offered free and clear; however, there is current HUD debt in place that can be assumed. This is an attractive opportunity to acquire newer multifamily product in a great location with achievable upside through modest upgrades.

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Under Contract
Fox Brook & Walnut Manor (2 properties, 161 units)
Fox Brook Apartments
41 Units
4000 N. Walnut Street
Muncie, IN  47303
Type: Conventional
Posted: 3/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 164-Unit, Fox Ridge Manor in Raleigh, NC. The property has experienced a surge in organic rent growth due to a recent $1 million capital infusion, including new roofs, paired with its position along the path of progress in Raleigh. Built in 1972, Fox Ridge Manor offers an additional 5.5 acres of excess land and is comprised of a unique set of 2BR and 3BR townhomes with market leading floorplan sizes, while the Southern Raleigh submarket has outpaced the broader metro in occupancy and rent growth. Fox Ridge Manor also offers new ownership the opportunity for an impactful 39% boost to NOI through multiple revenue streams including a recent water/sewer submetering program and a proven value add initiative.
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Under Contract
Fox Ridge Manor
164 Units
2200 Fox Ridge Manor Road
Raleigh, NC  27610
Posted: 10/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 23-unit French Quarter apartments located in north metro Atlanta, Fulton County, Georgia. This boutique Buckhead offering is situated in Atlanta’s top urban submarket posting the metro’s strongest rent growth. Built in 1967, French Quarter offers a rare opportunity for short and long-term returns in one of the most sought-after residential districts in the nation.
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Under Contract
French Quarter
23 Units
45 Sheridan Drive
Atlanta, GA  30305
Posted: 5/31/2018
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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Under Contract
Louisiana 4 Portfolio (4 properties, 649 units)
Garden Lane
261 Units
1901 Lafayette Street
Gretna, LA  70053
Type: Conventional
Posted: 10/16/2018

Garden Pointe Apartments was originally built in 1973. The property received a very substantial renovation in 1992. At that time all windows, patio door and roofs were replaced. All units were fully upgraded in 1992 as well. The 1992 renovation included creating open concept kitchen layouts, adding washer / dryer connections to 50% of units (all second-floor units), new cabinetry, appliances, light fixtures and flooring. The current owner purchased Garden Pointe from a “distressed owner” in cooperation with their lender (since their loan was in default). At the time of their purchase the property has substantial physical need. The current owner has spent over $1.7M in the past year completing property renovations to bring all units back on line. One of the fourteen buildings (Building M) was down and has now been completely renovated. All 32 units in building M are now branded the LUX style and have high-end finishes that include quartz countertops, new wood cabinets, black appliances, nickel light and plumbing fixtures, paneled doors, vinyl plank flooring and a new trim package. These 32 units also received new HVAC systems, windows and patio doors.

In addition to the 32 LUX units, there are 12 units throughout the property that were previously down and now have all new interior unit finishes.

The acquisition of Garden Pointe Apartments offers a new owner the opportunity to continue to upgrade units and achieve rent premiums. Current rents trail the market by $25 - $105. The large clubhouse and expansive grounds allow for enhancements to the amenities in addition to upgrading the units.

Garden Pointe is being offered free and clear for an attractive price of $17,000,000 / $55,920 per unit.

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Under LOI
Garden Pointe
304 Units
5005 Lily Lane
Indianapolis, IN  46254
Type: Conventional
Posted: 3/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 3.27-acre Germantown Land development site located in Nashville, Davidson County, Tennessee. This site is situated in the rapidly-expanding and desirable Germantown neighborhood of Nashville. Located 1 mile from Downtown, with excellent visibility and easy access to I-65, the site offers an outstanding opportunity for new multifamily construction. Additionally, the owner is open to a JV structure.
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Under LOI
Germantown Land
3.27 Acres
1703 Rosa L Parks Blvd
Nashville, TN  37208
Type: Land
Posted: 8/20/2018
Golden Memories Apartments
58 Units
855 Southfield Drive
Plainfield, IN  46168
Type: Conventional
Posted: 3/14/2019
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)
Granada
84 Units
3416 Chicot St
Pascagoula, MS  39581
Posted: 10/31/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 79-unit Greenbriar Mill apartment community located in Atlanta, Fulton County, Georgia. Strategically situated just three miles northwest of Hartsfield-Jackson International Airport, this 1969-built asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Greenbriar Mill offers expansive floor plans (1,090 SF avg.) and low deferred maintenance - an outstanding opportunity to invest in a strong-performer with proven value-add potential.
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Under LOI
Greenbriar Mill
79 Units
3301 N Camp Creek Pkwy SW
Atlanta, GA  30331
Type: Conventional
Posted: 10/29/2018

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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Under Contract
San Antonio Legacy 7 Portfolio (7 properties, 760 units)
Greenwich Village
70 Units
215 Jackson-Keller
San Antonio, TX  78216
Type: Conventional
Posted: 8/15/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit Greenwood at Marketplace apartment community located in East Point, Fulton County, Georgia. Strategically situated in south metropolitan Atlanta, just two miles west of Hartsfield-Jackson International Airport, this asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1971, Greenwood at Marketplace represents or offers an outstanding opportunity to invest in a strong-performing asset with proven value-add potential.
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Under Contract
Greenwood at Marketplace
152 Units
3222 Kenelworth Drive
East Point, GA  30344
Type: Conventional
Posted: 8/22/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit, Hampton Courts apartment community located in Columbia, SC. Embedded in a strong white-collar submarket, Hampton Courts sits in close proximity to the top employment and retail centers in the region, reaping the benefits of large investments continuously expanding and strengthening the Columbia job market. Coupled with affluent demographics, Hampton Courts offers the chance to boost NOI through organic growth and the implementation of an expanded value-add 2.0 program, positioned to generate $150 premiums.
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Under Contract
Hampton Courts
276 Units
501 Pelham Drive
Columbia, SC  29209
Type: Conventional
Posted: 10/29/2018
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 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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Under LOI
Hawthorne Willowbrook
144 Units
130 Willow Forks Drive
Simpsonville, SC  29681
Type: Conventional
Posted: 1/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit, Heights at McArthur Park. Built in 2 Phases (2009 & 2010), this low maintenance asset holds a strong core plus value-add opportunity nestled into northern Fayetteville. The property is positioned in walking distance to high-end retail and dining options while surrounded by Fayetteville’s major arteries of I-295, US-401, and NC-210, providing connectivity to the metro’s economic drivers and top employers. The MSA’s development pipeline has nearly stabilized after the delivery surplus from 2012-2014, providing new ownership an opportunity to capitalize on the impressive, existing amenity package by implementing a value add program to reduce the $240 rent ceiling gap and boost existing NOI by 18%.
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Heights at McArthur Park
Offers Due:  Thursday, March 21, 2019
288 Units
2523 Mulranny Dr
Fayetteville, NC  28311
Type: Conventional
Posted: 2/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit, Heron Lake apartment community. Delivered in 2008, Heron Lake is located in the heart of northern Richland County’s path of growth. Residents of Heron Lake enjoy seamless access to the premier retail and employment in an area defined by an exceptional demographic base including an average HHI of over $84,000 within a three-mile radius. Bolstered by large floor plans and outstanding amenities, the property is poised to bridge the +340 delta in effective rents to market competitors through a market-supported value-add initiative.
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Heron Lake
216 Units
1340 North Brickyard Road
Columbia, SC  29223
Type: Conventional
Posted: 1/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 52-unit Heron Lakes apartment community located in Mobile, Alabama. This asset is desirably positioned just off Government Blvd and within the Heron Lakes Country Club neighborhood (85k HH incomes, $300-$700k home values), which provides the community with a highly affluent renter pool. Heron Lakes also sits minutes from the area’s top employers (Mobile Aeroplex, Downtown) and 12M+ square feet of quality retail space (Shoppes at Bel Air, McGowin Park, etc). Built in 1972 and renovated in the mid-2000’s, Heron Lakes offers the investor a well-maintained property with strong in-place cash flow and substantial further value add upside.
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Heron Lakes
52 Units
1164 Skywood Drive
Mobile, AL  36693
Posted: 3/12/2019