The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 155-unit SoHo on Central apartment community located on Central Avenue in one of Charlotte’s most popular neighborhoods, Plaza Midwood. Implanted in Plaza Midwood and next door to Uptown Charlotte, SoHo on Central is uniquely positioned in a rapidly expanding suburb with strong demographics and high quality employment opportunities. With a proven Value-Add initiative in place and a low replacement cost, potential investors can be sure to see high returns
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SoHo on Central
155 Units
3143 Central Avenue
Charlotte, NC  28205
Type:  Multifamily
Closed: 1/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Aventine Greenville - a 346-unit apartment community in burgeoning Greenville, SC. Built in 2013, The Aventine Greenville boasts luxurious amenities/features and high-quality construction that is available for acquisition at an attractive basis. Bolstered by favorable operations, the property is ideally positioned to close the $200+ rent gap to market competitors through completion of a light value-add program. Residents of The Aventine Greenville enjoy walkability to the premier retail outlets in South Greenville - a region defined an exceptional demographic base and a diminishing new development pipeline. In addition, the asset is positioned in the center of Greenville’s thriving "Industry Triangle" as five of the county’s largest employers (10,500+ jobs) are less than two miles from the property.
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The Aventine Greenville
346 Units
97 Market Point Drive
Greenville, SC  29607
Type:  Multifamily
Closed: 12/20/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Bridford West apartment community in rapidly-expanding southwest Greensboro, NC. Built in three phases in 2013 and 2014, Bridford West offers a top-of-the-market features and amenities package rivaling other top assets in the market. The property is ideally located between I-73 and I-40, providing excellent connectivity and access to the area’s top employers and retail. With outstanding demographics and a high rent ceiling, the property is poised for sustained organic rent growth and is being offered at a significant discount to replacement cost, as well as comparable Class A trades in other Carolinas metros.
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Bridford West
264 Units
598 Eagle Road
Greensboro, NC  27407
Type:  Multifamily
Closed: 12/19/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Linden (162 units and 5,808 SF of ground-floor retail) and Lakeside (51 units) - a two-property portfolio in Charlotte’s affluent suburb of Davidson, NC. Built in 2016, The Linden is Davidson’s premier mixed-use asset featuring luxurious amenities and sophisticated interiors while offering multi-dimensional income upside through organic gains, and completion of a light-touch value-add program to capture a $200+ rent runway. Built in 1978, Lakeside provides superior organic rent growth potential bolstered by a recent ~$1.7 million targeted capital improvements program. Minimal new supply projected in Davidson, coupled with blue-chip demographics and continued job growth, ideally position the assets in a static competitive environment along Charlotte's path of progress. Offers will be accepted on the full portfolio and/or on individual properties.
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The Linden & Lakeside (2 properties, 213 units)
The Linden
162 Units
605 Jetton Street
Davidson, NC  28036
Type:  Multifamily
Closed: 12/13/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 312-unit, Ashley Grove. The property, built in 1968 and 1973, is located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing (8,200 jobs), Joint Base Charleston (36,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). The recent adoption of "Plan West Ashley", a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. Ashley Grove, offers new ownership to have the opportunity to complete the in-place value-add programs to further boost NOI across the property
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Ashley Grove
312 Units
1735 Ashley Hall Road
Charleston, SC  29407
Type:  Multifamily
Closed: 11/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit Copus 1 Indian Trail apartment community in the exploding Charlotte, NC suburb of Indian Trail. Built in 2017, and one of only two properties within three miles delivered after 2000, Copus 1 Indian Trail is the premier asset in the underserved Union County submarket. Recently stabilizing in Feb-2018 after an impressive one-year lease-up, the property offers immediate organic upside within a competitive environment that is insulated from future supply and boasts a high rent growth ceiling. In addition, Copus 1 Indian Trail is supremely positioned in the desirable town of Indian Trail - a region defined by affluence, dominant white collar employment, and exponential population and job growth.
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Copus 1 Indian Trail
204 Units
1021 Glenn Valley Lane
Indian Trail, NC  28079
Type:  Multifamily
Closed: 11/15/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of St. Andrews Reserve - a 390-unit apartment community in Wilmington, NC constructed in two phases (1999 / 2003). Bolstered by recent capital improvements and robust operational momentum, St. Andrews Reserve offers investors a potential +18% boost to annual NOI through completion of an in-process, proven value-add program. The asset is firmly cemented in the metro’s highest rent growth submarket that is primed to benefit from development expansion moving southward. In addition, St. Andrews Reserve is in close proximity to the premier retail nodes and principal economic drivers of Wilmington - a MSA characterized by rapid population growth, an expanding employment nucleus, and attractive demographics.
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St. Andrews Reserve
390 Units
814 St. Andrews Drive
Wilmington, NC  28412
Type:  Multifamily
Closed: 10/31/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Reserve at Magnolia Ridge, a 360-unit apartment community in Cary, NC less than 3 miles from Cary’s first Wegmans scheduled to deliver in 2020. Built in 1984, and bolstered by a recent $2.1 million capital infusion, 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 solid demographic region (3.1% unemployment within one mile), the property offers seamless connectivity to Raleigh-Durham’s largest job centers by way of I-40 / US-64. Residents enjoy superior access to Cary’s premier retail outlets - Crossroads Plaza (681,067 SF) and Cary Towne Center (910,200 SF).
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The Reserve at Magnolia Ridge
360 Units
101 Harlon Drive
Cary, NC  27511
Type:  Multifamily
Closed: 10/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit Salem Crest apartment community located in Winston-Salem, NC. Built in 1995, the property (which is sanctioned under the Section 42 Affordability Program) has recently received nearly $550,000 in capital improvements and demonstrated favorable operational momentum in the trailing 90 days. Drafting off of this positive trend, the asset provides an opportunity for a 12% boost to annual NOI through capture of the current rent gap between lease rent and the 60% AMI limits. Located adjacent to I-40, Salem Crest residents enjoy seamless access to the premier retail and major employers of Winston-Salem - a metro defined by continued population growth and a dwindling unemployment rate.
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Salem Crest
144 Units
790 Salem Crest Circle
Winston-Salem, NC  27103
Closed: 10/17/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 305-unit The Lively at Carolina Forest apartment community located in Myrtle Beach, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors and a market leading amenity package, The Lively at Carolina Forest is truly the premier multifamily asset in Myrtle Beach. Located in the self-sustaining planned community of Carolina Forest, the property offers an unmatched quality of life and is in close proximity to Myrtle Beach’s most coveted retail and entertainment destinations. Nearing completion of a rapid concession-free lease-up, the property offers exciting loss-to-lease upside of over $248,000 as 2nd generation leases are brought to market levels. With metro job growth expected to outpace new deliveries by 20:1 through 2021, The Lively at Carolina Forest is uniquely positioned to capitalize on long-term favorable fundamentals.
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Lively at Carolina Forest
305 Units
107 Village Center Boulevard
Myrtle Beach, SC  29579
Type:  Multifamily
Closed: 10/3/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 464-unit Columbia Portfolio, consisting of 240-unit Peachtree Place and 224-unit St. Andrews apartment communities in Columbia, SC. Built in 1971 and 1974, Peachtree Place and St. Andrews are located in a highly accessible location providing convenient access to downtown Columbia and the area’s largest employers. The assets are also barbelled by Downtown Columbia and the Harbison Boulevard area, resulting in seamless accessibility to Columbia’s premier retail nodes. In addition, the properties are uniquely positioned to realize tremendous benefits of an expanded, and submarket-proven, value-add initiative with potential to boost combined NOI by 43%.
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St. Andrews
224 Units
601 St. Andrews Road
Columbia, SC  29210
Type:  Multifamily
Closed: 9/28/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 97-unit Beaucatcher Flats apartment community located in the white hot market of Asheville, NC. Serving as Urban Asheville’s premier upscale multifamily community, Beaucatcher Flats is located less than one mile from Downtown Asheville, and within walking distance to Western Carolina’s largest employer, Mission Health (12,000 total employees). The property is also situated at one of Asheville’s highest elevation points providing picturesque mountain views. Nearing completion of the initial lease-up, Beaucatcher Flats will deliver concession-free with the ability to push rents on 2nd generation leases and grow ancillary income from multiple sources.
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Beaucatcher Flats
97 Units
128 Florence Street
Asheville, NC  28801
Closed: 9/21/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 329-unit Junction at Antiquity apartment community located in the high growth Lake Norman area of the Charlotte, NC MSA. Embedded in the "smart-growth" planned community of Antiquity, Junction is uniquely positioned in a rapidly expanding suburb with blue-chip demographics, top-notch public schools and high quality employment opportunities. Boasting high-end finishes and market leading amenities, Junction at Antiquity is poised to experience impressive organic upside as initial lease-up rents are brought to current market levels.
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Junction at Antiquity
329 Units
22415 Market Street
Cornelius, NC  28031
Type:  Multifamily
Closed: 8/8/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 300-unit West Ashley Value-Add Portfolio comprised of Monument Square and The Carlyle. The properties are located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing, Joint Base Charleston, the new Mercedes-Benz plant and Volvo plant. The recent adoption of Plan West Ashley, a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. With recent targeted capex programs complete, new ownership will have the opportunity to complete the in-place value-add programs to further boost NOI across the two properties.
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Monument Square and The Carlyle (2 properties, 300 units)
Monument Square
139 Units
1551 Sam Rittenberg Boulevard
Charleston, SC  29407
Type:  Multifamily
Closed: 8/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 300-unit West Ashley Value-Add Portfolio comprised of Monument Square and The Carlyle. The properties are located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing, Joint Base Charleston, the new Mercedes-Benz plant and Volvo plant. The recent adoption of Plan West Ashley, a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. With recent targeted capex programs complete, new ownership will have the opportunity to complete the in-place value-add programs to further boost NOI across the two properties.
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Monument Square and The Carlyle (2 properties, 300 units)
The Carlyle
161 Units
1476 Orange Grove Road
Charleston, SC  29407
Type:  Multifamily
Closed: 8/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 272-unit, 1990-built Park at Boulder Creek apartments in Columbia, SC. Located at the confluence of Richland and Lexington Counties, the property offers ease of transit to the area’s economic catalysts and seamless accessibility to the most premier retail nodes of the greater Columbia MSA. A recent capital infusion of $3 million offers investors an ideal launch-pad for a two-prong value-add approach. In addition to $100 rental premiums through the in-place upgrade package, incoming ownership will be able to focus on bridging the gap between the property’s rents and rents currently achieved in the surrounding submarkets. The combined value-add initiatives will ultimately result in impactful NOI growth potential of 45%
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Park at Boulder Creek
272 Units
1000 Bentley Court
Columbia, SC  29210
Type:  Multifamily
Closed: 7/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Fountains at Mooresville Town Square - a 227-unit, 2012-built institutional quality asset with market-supported upside. Embedded within the Mooresville Town Square lifestyle center, residents of Fountains enjoy a walkable mixed-use community offering everything from necessities to nightlife. Home to global corporations and commonly referred to as "Race City USA", Mooresville is well known for its dense collection of 60+ race teams and motorsports suppliers of NASCAR. With rapid population growth, an affluent resident pool and a diminished supply pipeline, Fountains is uniquely positioned to capitalize on a tightening rental market. In addition, the property offers market-supported value-add with expected $120 premiums - representing a potential to boost income by 18%.
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Fountains at Mooresville Town Square
227 Units
170 Mooresville Commons Way
Mooresville, NC  28117
Type:  Multifamily
Closed: 7/18/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit, 1967-built Grandeagle apartments in Greenville, SC. The property is located within the Upstate’s “Industry Triangle” that plays home to 8 of the city’s 10 largest employers and 50,000 jobs. Grandeagle offers residents walking distance dining options and seamless access to the area’s premier retail destinations given its proximity to Interstate-385. A recent capital infusion of more than $850k offers investors an ideal launch-pad for unit interior upgrades to escalate income. New ownership will be uniquely positioned to select from multiple go-forward value-add strategies – completing the current platform achieving $135 premiums, or pivoting to a market-supported “Value-Add 2.0” with impactful NOI growth potential of 66%.
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Grandeagle
152 Units
50 Glenwood Road
Greenville, SC  29615
Type:  Multifamily
Closed: 7/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Forest Edge Townhomes, a 134-unit townhome community in Raleigh, NC. Built in 1986 and recently renovated, the property is positioned in a rapidly expanding MSA - projected to post 19% population growth through 2022. The property’s submarket boasts impressive schools and economic fundamentals as rent growth and occupancy are expected to outpace the broader metro. Residents enjoy seamless access to top employment and retail centers as the asset is barbelled by Garner, NC and the booming Downtown Raleigh. Given the over $1.2 million of CapEx recently completed, investors have the chance to obtain a clean, all-townhome property with the prospect to boost NOI +12% through completion of a well-established value-add program.
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Forest Edge Townhomes
134 Units
2920 Boone Trail
Raleigh, NC  27610
Type:  Multifamily
Closed: 6/29/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 320-unit, 1985-built Emerald Forest apartments in Durham, NC. The property is located next door to the Research Triangle Park that plays home to over 200 companies employing more than 50,000 workers. Emerald Forest offers residents seamless access to the area’s premier dining and shopping destinations by way of Highway 54. A recent capital infusion of almost $3 million offers investors an ideal launch-pad for unit interior upgrades to escalate income. New ownership will be uniquely positioned to select from multiple go-forward value-add strategies - completing the current platform achieving $115 premiums, or pivoting to a market-supported "Value-Add 2.0" with impactful NOI growth potential of 46%.
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Emerald Forest
320 Units
4512 Emerald Forest Drive
Durham, NC  27713
Type:  Multifamily
Closed: 6/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of 1420 Magnolia – an irreplaceable core-plus value-add opportunity immersed in the heart of in-town living. The 204-unit, 1999-built asset is positioned in the epicenter of Montford Park, Charlotte’s next core micro market exploding with new commercial development and characterized by blue chip demographics ($102,439 avg. HHI’s), high-end homes ($403,700 MHV) and Charlotte’s premier employment hubs with 190,000+ jobs within a 15-minute drive. Featuring both garden and urban attributes, the asset offers a truly unique framework primed for immediate value-add in an area that’s witnessed $300 value-add premiums.
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1420 Magnolia
204 Units
1420 Estates Avenue
Charlotte, NC  28209
Type:  Multifamily
Closed: 5/24/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Fields Archdale Station, a 243-unit, 1969-built apartment community in Charlotte, NC. The property is conveniently located in a sought after South Charlotte neighborhood that is situated along the light-rail, offering tenant’s unparalleled connectivity. The Fields Archdale Station is a recent recipient of a $1.2 Million CapEx infusion that includes extensive exterior work and amenity renovations, allowing incoming investors to focus on the existing interior upgrade initiative. Current ownership has upgraded twenty-eight units for which they are achieving monthly rental premiums of up to $114. This coupled with the organic rent growth the submarket is currently experiencing gives incoming investors the unique opportunity to boost annual NOI by more than 25%
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The Fields Archdale Station
243 Units
6614 Wisteria Drive
Charlotte, NC  28210
Type:  Multifamily
Closed: 5/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the Ashford Pointe and Ashford Cove apartment communities located in Anderson, SC. The combined 316-units are conveniently situated in a highly trafficked area north of downtown Anderson, in close proximity to the region’s top employers and an abundance of walking distance retail. Given Anderson County’s lack of supply with no proposed deliveries until 2021, submarket fundamentals are expected to well outperform the greater MSA. Additionally, these two assets are being offered following a capital infusion of $3.5 million, giving incoming investors the opportunity to focus on enhancing value by an impressive 30% through completion of the already proven interior value-add initiative.
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Ashford Cove & Ashford Pointe (2 properties, 316 units)
Ashford Cove
136 Units
201 Miracle Mile Drive
Anderson, SC  29621
Type:  Multifamily
Closed: 4/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the Ashford Pointe and Ashford Cove apartment communities located in Anderson, SC. The combined 316-units are conveniently situated in a highly trafficked area north of downtown Anderson, in close proximity to the region’s top employers and an abundance of walking distance retail. Given Anderson County’s lack of supply with no proposed deliveries until 2021, submarket fundamentals are expected to well outperform the greater MSA. Additionally, these two assets are being offered following a capital infusion of $3.5 million, giving incoming investors the opportunity to focus on enhancing value by an impressive 30% through completion of the already proven interior value-add initiative.
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Ashford Cove & Ashford Pointe (2 properties, 316 units)
Ashford Pointe
180 Units
200 Country Club Lane
Anderson, SC  29652
Type:  Multifamily
Closed: 4/30/2018