Cushman & Wakefield is pleased to present Guardian Place I & II, a unique 236-unit, two property portfolio in Richmond's high growth Scott's Addition neighborhood. The portfolio is comprised of Guardian Place I (121-units) and Guardian Place II (115-units), which are currently age-restricted and affordable under the LIHTC program. Significant value can be added at the expiration of the extended use period which occurs in 2023 for GP I and 2029 for GP II. The portfolio's location within the path of growth in Scott's Addition makes this a rare opportunity within the expanding Richmond MSA.
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Guardian Place I & II
236 Units
1620 N Hamilton Street
Richmond, VA  23230
Closed: 10/1/2022
For more information about this property please contact Jorge Rosa or Anthony (TJ) Liberto.
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Jefferson Square at Washington Hill
304 Units
101 N Wolfe Street
Baltimore, MD  21231
Type:  Multifamily
Closed: 4/21/2022
Cushman & Wakefield is pleased to present Kenilworth at Hazelwood & Windridge and Northwood Ridge, a rare opportunity to acquire a premier value-add portfolio in dynamic locations within the city of Baltimore, MD. Both Properties continue to attract residents due to their unique combination of proximity to strong and growing employment nodes, convenient regional connectivity and relative affordability within the MSA. This renter demand is filtering into incredible Property level operations with rent growth of over 4.0% at both communities over the past 12-months and average annual rent growth of 4.0% since 2017. New investors will be able to generate additional value through in-unit renovations that are being proven out at the Properties and in the broader submarket. Expansion of the current renovation package to include full vinyl wood flooring, granite countertops, in-unit washers and dryers and more will generate additional premiums and create a differentiating factor between the Properties and the competitive set. Upon full renovation, operations will continue to exceed the greater market as the Properties are well positioned to capture a large portion of pent up renter demand for rare premium workforce housing.
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Kenilworth at Hazelwood & Northwood Ridge (2 properties, 595 units)
Kenilworth at Hazelwood and Windridge
345 Units
5738 Cedonia Ave
Baltimore, MD  21206
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Kingstowne
384 Units
500 Oscar Loop
Newport News, VA  23606
Modera Fairfax Ridge is a rare opportunity to acquire a best-in-class asset in one of the leading jurisdictions in the dynamic Northern Virginia market. The Property’s location at the nexus of I-66 and VA Route 50 provides direct connectivity to the region’s largest economic engines and employment centers including Tysons, Reston/Herndon, the R-B Corridor, Alexandria, and downtown Washington DC. This coupled with a pronounced outmigration trend from the urban core has led to strong renter demand from an affluent population historically and over the previous 12-months. The asset’s location in proximity to George Mason University provides additional pent up rental demand once students return to in-person learning. The micro market surrounding Modera Fairfax Ridge is supply constrained with limited future supply under construction or planned. This will allow Modera Fairfax Ridge to experience above market growth with tight occupancy through 2021 and beyond. The asset’s Fairfax County location makes for a stable, consistent investment with strong future growth prospects in one of the nation’s safest metropolitan areas during times of economic uncertainty.
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Modera Fairfax Ridge
213 Units
3887 Fairfax Ridge Rd
Fairfax, VA  22030
Closed: 5/20/2021
For more information about this property please contact Jorge Rosa or Anthony (TJ) Liberto.
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Northview Apartments
132 Units
411-515 Yorkshire St
Salem, VA 24153, VA  24153
Type:  Multifamily
Cushman & Wakefield is pleased to present Kenilworth at Hazelwood & Windridge and Northwood Ridge, a rare opportunity to acquire a premier value-add portfolio in dynamic locations within the city of Baltimore, MD. Both Properties continue to attract residents due to their unique combination of proximity to strong and growing employment nodes, convenient regional connectivity and relative affordability within the MSA. This renter demand is filtering into incredible Property level operations with rent growth of over 4.0% at both communities over the past 12-months and average annual rent growth of 4.0% since 2017. New investors will be able to generate additional value through in-unit renovations that are being proven out at the Properties and in the broader submarket. Expansion of the current renovation package to include full vinyl wood flooring, granite countertops, in-unit washers and dryers and more will generate additional premiums and create a differentiating factor between the Properties and the competitive set. Upon full renovation, operations will continue to exceed the greater market as the Properties are well positioned to capture a large portion of pent up renter demand for rare premium workforce housing.
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Kenilworth at Hazelwood & Northwood Ridge (2 properties, 595 units)
Northwood Ridge
250 Units
1177 or 1179 Kitmore Road
Baltimore, MD  21239
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Boston Cove
34 Units
828 Forrest Dr
Newport News, VA
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Forrest Court
46 Units
827 Forrest Drive
Newport News, VA  23606
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Victoria Place
36 Units
831 Forrest Drive
Newport News, VA  23606
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Bluff
216 Units
201 West Montgomery Cross Rd
Savannah, GA  31406
Type:  Multifamily
Closed: 9/30/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Collier Hills
120 Units
1760 Northside Drive
Atlanta, GA  30318
Type:  Multifamily
Closed: 11/3/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Glenwood
254 Units
3939 Glenwood Avenue
Raleigh, NC  27612
Type:  Multifamily
Closed: 10/29/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Oaks
184 Units
3200 Oakwood Village Lane
Atlanta, GA  30341
Type:  Multifamily
Closed: 9/24/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Pelham
422 Units
230 Pelham Road
Greenville, SC  29615
Type:  Multifamily
Closed: 10/21/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Westchester
116 Units
300 Pelham Road
Greenville, SC  29615
Type:  Multifamily
Closed: 10/21/2021