Cushman & Wakefield, as exclusive advisor, is pleased to present Southern Cove Apartments, a 180-unit value-add garden community in Temple Terrace, Florida. Completed in 1974, the property sits on over 9 acres, providing a density setting of only 19.67 units per acre. Southern Cove’s location within Temple Terrace is ideally located at the center of a $1.5 billion redevelopment project created by the Tampa Innovation Alliance. The property is also centrally located within minutes from critical thoroughfares I-75 and I-275 allowing quick access to downtown Tampa, the Westshore Business District and Tampa International Airport

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Southern Cove
180 Units
8741 Grove Terrace
Temple Terrace, FL  33617
Closed: 3/17/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present Integra Sunrise Parc – a brand new, 300-unit luxury garden apartment community located in Kissimmee, Florida. The property was thoughtfully crafted to create the highest design standards and living experience. Located in the Hunter’s Creek/Sunrise City submarket, the property provides rare suburban accessibility to nearby shopping and dining that includes Publix, Walmart, The Loop and Lake Buena Vista Outlets. Residents also have access to one of the most active employment markets in the Orlando metro. Integra Sunrise Parc is being offered for the first time by its developers, Integra Land Company, CrossHarbor Capital and Panther Residential Management LLC.
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Integra Sunrise Parc
300 Units
4701 Luminous Loop
Kissimmee, FL  34746
Type: Conventional
Closed: 3/5/2020

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Silver Lake Multifamily Development Site located in Leesburg, Florida. The asset is situated in the desirable area of the Orlando-Kisimmee-Sanford MSA. Silver Lake Multifamily Development Site is an expansive 46.5 acres and is an approved PUD allowing for up to 256 buildable units. The site also has a rare and attractive 27-acre man made lake stocked with fish.

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Silver Lake Multifamily Development Site
46.5 Acres
Arbour Lake Drive
Leesburg, FL  34788
Type: Land
Closed: 3/5/2020
Institutional Quality Asset within the Innovative Space Coast

Cushman & Wakefield, as exclusive advisor, is pleased to present Ascend at 95 - a 300-unit, Class A garden residential asset. The property is comprised of 12, 3-story garden buildings with a combined average unit size of 977 square feet. Appropriately named, Ascend at 95 is less than ½ mile from I-95 and directly visible to over 160,000 cars daily. Located on Florida’s Space Coast, the area is known for its dynamic job growth and access to some of the top tech and space innovators such as Lockheed Martin, Northrop Grumman, Blue Origin and L3 Harris. Completed in September 2019, the property sets the standard for luxury apartment living with market leading finishes and amenities.

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Ascend at 95
300 Units
110 Sagecrest Circle,
West Melbourne, FL  32904
Type: Conventional
Closed: 2/20/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Pearl Flagler Village – the premier midrise apartment community in the emergent Flagler Village neighborhood within Fort Lauderdale, Florida. Comprising 350 apartment homes, this 7-story multifamily building opened and began leasing in January 2019 and units have been quickly absorbed. The property is nearing the end of its lease-up – it is 83% leased and 73% occupied and is projected to stabilize by the end of December. With a 92 Walk Score the property has access to the rapidly expanding nearby amenities and the most active employment market in Broward County. Developed by Morgan Group, the property sets the standard for luxury apartment living with market leading finishes and amenities.

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Pearl Flagler Village
350 Units
400 NE 3rd Avenue
Fort Lauderdale, FL  33301
Closed: 1/30/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to announce the opportunity to acquire the 275-unit value-add apartment community located in Daytona Beach, Florida - Ridgecrest Park. Built in 1967, Ridgecrest Park offers an outstanding value-add opportunity to capitalize on a well-maintained community with 45 year ownership in a class "B" location with ability to raise rents over $272 through interior and common area renovation enhancements.

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Ridgecrest Park
275 Units
1400 South Nova Road
Daytona Beach, FL  32114
Type: Conventional
Closed: 1/13/2020

Downtown Coral Gables Location Along Miracle Mile
Fully Leased & Stabilized

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire The Mile (the “Property”) – a boutique, Class-AA, 120 apartment home high-rise located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2016 and owned and managed by Greystar, the Property consists of a mix of one-, two-, and three-bedroom units, along with 3,000 square feet of fully occupied ground floor retail. The Property has exceptional walkability to jobs, dining and nightlife within downtown Coral Gables, resulting in a Walk Score of 92. Further, within a one-mile radius of the Property is 8.3 million square feet of office space. The Mile’s offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high rise apartment community steps from the center of its most affluent and economically robust city.

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The Mile
120 Units
3622 Coral Way
Miami, FL  33145
Closed: 12/18/2019
Well-Maintained Asset with Updated Amenities

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Princeton Parc, a 200-unit, value-add garden community in West Melbourne, Florida. Completed in 2003, the property features a two-story, concrete block design with direct access units. The property features some of the largest floorplans in the submarket at 1,154 square feet on average. Princeton Parc’s location within West Melbourne is a magnet for employees working in the growing aerospace and tech space. The property is less than one mile from I-95 and provides a short commute to the area’s largest employers including Health First, Harris Corporation, Northrop Grumman, Lockheed Martin and Patrick Air Force Base.

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Princeton Parc
200 Units
4714 Crosswind Court
Melbourne, FL  32904
Closed: 12/10/2019
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the listing of the 56-unit Spanish Villas apartment community located in South Daytona, Florida. Spanish Villas offer a Value-Add opportunity to renovate 100% of the units, raise effective rents $173/unit, and earn a 17% return-on-investment after implementation of the proposed renovation plan.

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Spanish Villas
56 Units
1648 S. Palmetto Avenue
South Daytona, FL  32119
Type: Conventional
Closed: 12/10/2019
Cushman & Wakefield’s Florida Multifamily Team, as exclusive marketing representative, is pleased to present The Vue at Belleair, Clearwater’s newest and most exciting luxury rental community. The Vue offers an investor the opportunity to participate at the top tier of one of the strongest submarkets in the Tampa MSA. As of mid-2019, The Vue is completing its initial lease-up and rapidly approaching stabilization. This property enjoys extraordinary highway visibility/access and is positioned just minutes from major employers and neighborhood amenities.
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Vue at Belleair
339 Units
1551 Flournoy Circle West
Clearwater, FL  33764
Type: Conventional
Closed: 12/3/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

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South Tampa Value-Add Portfolio (2 properties, 136 units)
Palms at Ballast Point
48 Units
3729 W. Tyson Avenue
Tampa, FL  33611
Type: Conventional
Closed: 11/15/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

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South Tampa Value-Add Portfolio (2 properties, 136 units)
Sun Bay
88 Units
3730 W Bay Avenue
Tampa, FL  33611
Type: Conventional
Closed: 11/15/2019

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 267-unit Lexingotn Apartment Homes community located in Sarasota, Florida.

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The Lexington
267 Units
3510 Cheshire Square
Sarasota, FL  34237
Closed: 11/14/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Park Village apartment community located in Orange Park, Florida. The asset is situated in the desirable Orange Park submarket currently experiencing 10.2% YoY rent growth. Built in 1968, Park Village offers an outstanding value-add opportunity that would result in the ability to raise effective rents $281 and earn a 24% return on investment after implementation of the proposed value-add plan.

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Park Village
120 Units
741 Park Avenue
Orange Park, FL  32073
Closed: 10/31/2019
Irreplaceable Location in one of Orlando’s Most Dynamic Submarkets

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Haven at Reunion, a brand-new apartment home community in Kissimmee, Florida. The 338-unit property consists of three-story garden style buildings with an average unit size of 989 square feet. Developed in 2019, the property consists of a mix of one-, two- and three-bedroom residences with expansive common area amenities and market leading finishes. The location of Haven at Reunion is just minutes from I-4 providing residents with excellent access to the areas’s top employers such as Walt Disney World, Universal Studios, NeoCity, Lake Nona, Darden Restaurants, Lockheed Martin, and AdventHealth.

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Haven at Reunion
338 Units
7995 Haven Way
Kissimmee, FL  34747
Type: Conventional
Closed: 10/29/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Orlando Sky apartment community located in Orlando, Florida. The asset is situated in the North West Orlando submarket currently experiencing 6.9% YoY rent growth. Built in 1985 & 1986, Orlando Sky offers an outstanding value-add opportunity that would result in the ability to raise effective rents $190 and earn a 19% return on investment after implementation of the proposed value-add plan.

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Orlando Sky
140 Units
4990 North Lane
Orlando, FL  32808
Type: Conventional
Closed: 10/8/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the investment opportunity to acquire Ventura Pointe – a premier 206-unit apartment home community located in Pembroke Pines, Florida. The property is comprised of four- and five-story elevatored garden buildings with an average unit size of 958 square feet.

Ventura Pointe is centrally located in Pembroke Pines and provides convenient access to the employment markets of Miramar, Plantation, Sunrise and the South Florida Education Corridor. The property is also adjacent to the 301-bed Memorial Hospital Pembroke. Located on University Drive with drive-by exposure to 53,000 cars, residents have excellent access to retail and entertainment along the corridor with a new Lucky’s Market opening less than one mile from the property. Ventura Pointe opened in April 2018 and is finalizing its lease-up.

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Ventura Pointe
206 Units
7850 Pasadena Blvd.
Pembroke Pines, FL  33024
Closed: 9/30/2019
Property is Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Rosemont Country Club apartment community located in Orlando, Florida. The asset is situated in the Rosemont submarket. Built in 1975, Rosemont Country Club offers an incredible opportunity to raise effective rents at the property $627 through a renovation value-add program and achieve a 24% return-on-investment.

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Rosemont Country Club
120 Units
5528 Cinderlane Parkway
Orlando, FL  32808
Closed: 9/11/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present ORA Flagler Village - a luxury midrise apartment community with 292 units in Fort Lauderdale, Florida. Situated in Flagler Village, this rapidly expanding location offers a unique blend of walkability to trending retail and access to the most active office market in the county. The apartment homes were carefully crafted to feature two different finish packages and 10’ & 11’ ceilings throughout, resulting in new levels of luxury.

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ORA Flagler Village
292 Units
673 NE 3rd Avenue
Fort Lauderdale, FL  33304
Closed: 9/2/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 137-unit Oak Ridge apartment community located in Largo, Florida. Built in 1974 of concrete block construction, Oak Ridge apartments offers new ownership the unique opportunity to purchase a rare majority Townhome-style community and capitalize on a proven existing renovation plan.

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Oak Ridge
137 Units
13333 Ridge Road
Largo, FL  33778
Closed: 8/20/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Altis Bonterra, a brand new, stabilized apartment home community located in greater Miami. The property has 314 residences in three-story buildings, all with private entrances and direct access garages to 35% of the apartment homes. Conveniently located with immediate access to I-75 and the recently completed infrastructure project connecting I-75 and the Florida Turnpike, residents can access the major employment markets within both Broward and Miami-Dade Counties. Additionally, two miles north, the $4 billion, 6.2M-square-foot American Dream Mall is approved and will be a catalyst for the area. Altis Bonterra is considered one of the highest quality suburban multifamily assets within Miami. The property boasts an established demographic with an average age of 37 and average household income exceeding $100,000. Altis Bonterra is being offered to the market for the first time by its nationally-recognized developer, The Altman Companies.

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Altis Bonterra
314 Units
3545 West 98th Street
Hialeah, FL  33018
Type: Conventional
Closed: 8/15/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire 8800 Doral (the “Property”) - a Class-AAA, 550-apartment-home, luxury midrise residential community located in the heart of Doral, Florida, offered for the first time by its globally-renowned developer, Hines. The Property was opened in 2018 and recently completed its lease-up. The Property is located at the Doral’s main and main, which makes it steps away from key points of interest such as Trump Doral and billions of dollars in mixed-use developments in Downtown Doral and CityPlace Doral. Within a one-mile radius of the Property is 5.1 million square feet of office space, including multiple international, North American, and regional headquarters. Driven by the abundance of high paying jobs and excellent schools, Doral is projected to continue its rapid growth - strengthening 8800 Doral’s long-term demand. 8800 Doral presents a rare opportunity to acquire a new construction, stabilized Miami-Dade luxury apartment community at the epicenter of its fastest growing city.

8800 Doral has been developed by Hines and designed by Arquitectonica. This combination of an industry leading developer and Miami based, world-class architect has positioned 8800 Doral as a long term, best-in-class asset that has set the standard for luxury living in Doral.

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8800 Doral
550 Units
8800 Doral Blvd.
Doral, FL  33178
Type: Conventional
Closed: 8/14/2019
CALL FOR OFFERS MARCH 6, 2019
Available Individually or in Conjunction with Lakes at North Port

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Ashley Place, located in New Port Richey, Florida. The asset is a 143-unit class "B" garden-style apartment community built in 1986 of concrete block construction.

The Park at Ashley Place offers a high impact value-add upside. Based on current market competitive set analysis, a value-add program will allow monthly market rents to be increased by an average of $212 per unit from the current in-place rents.

The community is just over a 30-minute commute to Downtown Tampa, Tampa International Airport, the Westshore Business District, plus only minutes from "A" rated Trinity Hospital and over 24 million square feet of new office and industrial space.

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The Park at Ashley Place
143 Units
4031 Vista Verde Drive
New Port Richey, FL  34655
Closed: 8/8/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present Mezzo of Tampa Palms, a 340-unit value-add multifamily asset located in Tampa, Florida. Constructed in 1992, the property features 3-story walk-up buildings with large units averaging 1,193 square feet. The seller has invested approximately $3.4 million in capital improvements consisting of extensive exterior renovations, amenity enhancements and partial unit upgrades.

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Mezzo of Tampa Palms
340 Units
15210 Amberly Drive
Tampa, FL  33647
Type: Conventional
Closed: 8/1/2019