The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Grayson Luxury Apartments, a 330-unit community located in Spring, Texas, a desirable north Houston enclave. Situated just west of Interstate 45, The Grayson offers excellent commuter connectivity to downtown and the burgeoning north Houston region. The Grayson is poised to benefit from significant corporate investment from Exxon Mobil and HP’s new campuses along North Houston’s economic spine. This strategic location is further bolstered by the surrounding demographics where average household income exceeds $100,000 within a one-mile radius. Additionally, skyrocketing rents in the Woodlands submarket to the north are now pushing residents south, allowing The Grayson to capture traffic from priced out corporate employees. The Grayson represents the opportunity to acquire an attractively positioned property in one of Houston’s burgeoning markets with stellar rent growth projections driven by limited pipeline.
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The Grayson
330 Units
4115 Louetta Road
Spring, TX  77388
Type: Conventional
Closed: 4/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 276-unit Millennium Towne Center apartment community located in Baton Rouge, Louisiana. Millennium Towne Center is adjacent to Baton Rouge’s leading retail district, Towne Center at Cedar Lodge which is anchored by a Whole Foods Market. Given a one-mile radius of the property, average household income is roughly $110K and white collar employment levels exceed 76%. As Baton Rouge continues to flourish through the growth of leading employment industries, including healthcare, higher education, petrochemical industries, and shipping, Millennium Towne Center will continue to attract an affluent regional resident profile. Millennium Towne Center is an excellent opportunity to acquire upscale product below replacement cost.
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Millennium Towne Center
276 Units
6810 Jefferson Highway
Baton Rouge, LA  70806
Type: Conventional
Closed: 4/19/2019
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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Greenwood at Marketplace
152 Units
3222 Kenelworth Drive
East Point, GA  30344
Type: Conventional
Closed: 4/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 448-unit Anzio apartment community located in northeast metropolitan Atlanta’s premier expansion market of Gwinnett County, Georgia, one of the fastest growing counties in the nation for more than two decades. This asset is situated in a high barriers-to-entry submarket, characterized by limited new deliveries and strong organic rent growth. With such limitations on new multifamily, occupancy and rent have continued to climb, leading to a strong historical property performance. With demand for upgraded interiors evident in the submarket and at the subject, Anzio is an excellent opportunity to acquire a proven value-add investment.
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Anzio
448 Units
3100 Sweetwater Road
Lawrenceville, GA  30044
Type: Conventional
Closed: 4/11/2019
The Cushman & Wakefield Student Housing Capital Markets Team and Southeast Multifamily Advisory Group is pleased to present the exclusive listing of University Lofts, a 45-unit, 180-bed student housing community located in Carrollton, Georgia. Located adjacent to the University of West Georgia (UWG) campus, the property offers its residents the convenience and luxury of one of the best pedestrian locations within the surrounding off-campus housing market.45
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University Lofts
45 Units | 180 Beds
785 Lovvorn Road
Carrollton, GA  30117
Type: Student
Closed: 4/9/2019
the Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of the 318-unit The Fountains at Andover apartment community located in Lexington, Fayette County, KY. Given a one-mile radius of The Fountains at Andover, average HHI is projected to grow by more than 12% over the next five years. With limitations on new multifamily driven by the Urban Services Boundary restricting developments in rural areas to help preserve farmland, there are minimum sites available suitable for apartments. Due to the restrictions, submarket occupancy and rents have continued to climb, leading to strong property performances. With demand for upgraded units in the submarket and no renovated units at the subject property, The Fountains at Andover is an excellent opportunity to acquire a true value-add investment.
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The Fountains at Andover
318 Units
3200 Todds Road
Lexington, KY  40509
Type: Conventional
Closed: 4/4/2019
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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Mansfield on the Green
308 Units
250 North State Highway 360
Mansfield, TX  76063
Type: Conventional
Closed: 4/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 46-unit Old 4th Ward Flats located in east Atlanta Fulton County, Georgia. Originally built as 50 units, this asset is situated just steps from the Eastside BeltLine and Freedom Parkway Trails in Old 4th Ward, ranked in the Top 10 Neighborhoods nationally and boasting explosive rental demand. Six 1960s-vintage, all-brick buildings offer walkability to redefining new developments such as Krog Street and Ponce City markets, and high-paying jobs in Downtown and Midtown.
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Old 4th Ward Flats
46 Units
195 Randolph Street
Atlanta, GA  30312
Closed: 3/28/2019
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)
Garden Lane
261 Units
1901 Lafayette Street
Gretna, LA  70053
Type: Conventional
Closed: 3/27/2019
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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French Quarter
23 Units
45 Sheridan Drive
Atlanta, GA  30305
Closed: 3/25/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Flats at East Atlanta apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of northeast Atlanta, this asset has close-in access to all of Atlanta’s major employment hubs via I-20 and I-285. Built in 1967, Flats at East Atlanta offers an outstanding opportunity to benefit from lucrative rent growth driven by the asset’s fully renovated exteriors and upscale interior renovations.
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Flats at East Atlanta
140 Units
2522 Flat Shoals Road
Decatur, GA  30032
Type: Conventional
Closed: 3/20/2019
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
Closed: 3/19/2019
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)
Steeplechase
192 Units
715 Marie Antoinette Street
Lafayette, LA  70506
Closed: 3/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky are excited to present the exclusive listing of the 306-unit The Henry at Fritz Farm apartment community located in Lexington, Fayette County, Kentucky. The Henry at Fritz Farm is truly integrated into Lexington and the Southeast’s leading entertainment and retail district, The Summit at Fritz Farm. This mixed-use master plan features a 40K+ SF Whole Foods, over 245K of retail and restaurants, 44K+ SF of Class A office, and a 120-room upscale Origin Hotel. As Lexington continues to flourish through the growth of leading employment industries, including regional healthcare, higher education, the equine and bourbon industries, and tourism, The Henry at Fritz Farm will continue to attract an affluent regional resident profile. Lexington’s average household income is projected to increase by nearly 16% by 2022. Catalyzed by this strong job, population, and income growth, The Henry at Fritz Farm will be able to capitalize on this and provides investors a rare opportunity to own one of Lexington’s newest, most unique assets that will continue to achieve potential as additional retail is developed.
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The Henry at Fritz Farm
306 Units
4100 Nicholasville Road
Lexington, KY  40517
Type: Conventional
Closed: 3/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 91-unit Riverwood Park apartment community located in Rome, Floyd County, Georgia. This asset is situated less than a mile from downtown Rome and offers easy connectivity via US-27/Martha Berry Blvd. Rome, home to Berry College, is a thriving city in Northwest Georgia, with a stable economy anchored in the recession-proof education and medical industries. Built in 1997, Riverwood Park represents an outstanding opportunity to invest a very favorable submarket which has experienced 19% growth since 2014.
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Riverwood Park
91 Units
525 West 13th Street
Rome, GA  30165
Type: Conventional
Closed: 2/28/2019
Visit to view listing documents.
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The Flats at West Broad Village
339 Units
3930 Wild Goose Lane
Glen Allen, VA  23060
Closed: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are pleased to present the exclusive listing of the 264-unit 21 South at Parkview apartment community located in Baton Rouge, LA. Situated just minutes from Baton Rouge’s most affluent communities and prestigious retail, 21 South at Parkview’s immediate area boasts average household income of roughly $77K. With approximately $2.8M ($10K per unit) in capital improvements spent since acquisition, current ownership upgraded every aspect of the property. New ownership can focus on a light value-add program to maximize value and increase its already strong market position within the Baton Rouge submarket.
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21 South at Parkview
264 Units
4944 South Sherwood Forest Blvd.
Baton Rouge, LA  70816
Type: Conventional
Closed: 2/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
Nottingham
146 Units
2337 Sharon Drive
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
Nottingham North
161 Units
2401 Nottingham Way
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
The Village
100 Units
2507 Nottingham Way
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit The Grove on Southlake apartment community located in Morrow, Clayton County, GA. This top of the market community boasts a strategic location in Atlanta’s thriving "Southern Crescent". The "Southern Crescent" market, which is roughly defined as the area south of I-20, has accounted for 14% of Atlanta’s population growth while only accounting for 3% of the metro’s new inventory this cycle, a catalyst for continued rent growth. Effective rents for Clayton County have grown by more than 40% since 2010. These incredible supply demand dynamics will translate to compelling growth that can be enhanced by elevating the property’s interior finishes to meet market demand. The Grove on Southlake is an excellent opportunity to acquire a true value-add investment well below replacement cost.
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The Grove on Southlake
260 Units
7290 Southlake Parkway
Morrow, GA  30260
Type: Conventional
Closed: 2/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 294-unit Shadow Ridge apartment community located in Riverdale, Clayton County, GA. This asset is situated in the in-fill Clayton County apartment submarket, characterized by limited new deliveries and strong organic rent growth of 40% since 2010. Shadow Ridge’s location, being less than 30 minutes from the Atlanta Central Business District and less than 15 minutes from Hartsfield-Jackson International Airport and several major distribution corridors, makes it an appealing community in Atlanta’s "Southern Crescent," which is roughly defined as the area south of I-20. With demand for upgraded interiors evident at the subject property and in the submarket and exterior and amenity renovations already completed at the subject property, Shadow Ridge is an excellent value-add investment opportunity.
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Shadow Ridge
294 Units
950 Lake Ridge Parkway
Riverdale, GA  30296
Closed: 2/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Princeton Heights apartment community in northeast Atlanta, Georgia. This well-located property within the heart of Gwinnett County, offers direct access to both I-85 and I-285, and commuter ease to Atlanta’s largest employment districts such as Gwinnett Sugarloaf, Perimeter Center, and Emory/Decatur. Enhanced by such excellent metro connectivity, this partially renovated 1985 asset offers an outstanding proven value-add opportunity.
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Princeton Heights
300 Units
4250 Jimmy Carter Boulevard
Norcross, GA  30093
Type: Conventional
Closed: 2/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of the 20-unit Dundee Place apartment community located in Louisville’s eclectic area known as The Highlands. Constructed by Poe Companies, a prolific local builder known for high-quality, investment-grade architecture and construction, the property has excellent quality, location, and financial performance, offering an opportunity to invest in a thriving economic region.
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Dundee Place
20 Units
2242 Dundee Road
Louisville, KY  40205
Closed: 2/1/2019