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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Centralized Southeast 8 (8 properties, 1,362 units)
Post House North
145 Units
26 Revere Circle
Jackson, TN  38305
Type: Conventional
Closed: 4/3/2019
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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Sold
Centralized Southeast 8 (8 properties, 1,362 units)
The Oaks
100 Units
842 North Parkway
Jackson, TN  38305
Type: Conventional
Closed: 4/3/2019
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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Sold
Centralized Southeast 8 (8 properties, 1,362 units)
Woods of Post House
122 Units
39 Thistlewood Drive
Jackson, TN  38305
Type: Conventional
Closed: 4/3/2019
Sold
Spanish Fort Town Center
216 Units
30000 Town Center Avenue
Spanish Fort, AL  36527
Type: Conventional
Closed: 3/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Commando Village apartment community located in Fort Walton Beach, Florida. The Florida Panhandle boasts a stable military backbone, with Eglin Air Force Base and Hurlburt Field (33,000 jobs total) within 15 minutes of Commando Village. The community boasts high visibility and access off Martin Luther King Jr Blvd, a major arterial corridor in Fort Walton Beach that connects with some of the area’s top employers. Built in 1992, Commando Village offers the investor an asset with massive floorplans, home-like amenities, and a proven value add campaign. The property currently operates under a ground lease set to expire in 2051, but there is high renewal potential.
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Commando Village
300 Units
302 Blessinger Drive
Fort Walton Beach, FL  32547
Closed: 3/14/2019
Sold
Chapel Ridge of Jackson
144 Units
1636 Raymond Road
Jackson, MS  39204
Type: LIHTC
Closed: 3/5/2019
Sold
Berkshire Arms
104 Units
4021 N Seabreeze Road
Mobile, AL  36609
Type: Affordable Housing
Closed: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Parkside at Cottage Hill apartment community in the desirable submarket of Midtown Mobile, Alabama, just east of the busy I-65 corridor. Representing one of Mobile’s newest and most upscale multifamily assets, this Class A property is situated in Mobile’s desirable Midtown district, offering premier access to major job cores in Downtown and the Aeroplex. Completed in December 2014, the property is immersed in a 12.1M SF destination retail district that is burgeoning with Mobile’s affluent young professional populace. Parkside at Cottage Hill is a quality investment opportunity ideally positioned for further organic upside.
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Parkside at Cottage Hill
240 Units
3320 Cottage Hill Road
Mobile, AL  36606
Type: Conventional
Closed: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Galleria 3 Portfolio, an 825-unit value add portfolio centralized in the desirable Hoover municipality of Birmingham, Alabama. The portfolio is comprised of three communities: The Park at Galleria (431 units), The Place at Galleria (150 units), and The Renaissance at Galleria (244 units). Hoover is ranked the 4th best place to live in Alabama (Niche, 2018), boasting a state ranked school system, affluent demographics, and heavy barriers to entry for multifamily. The municipality also offers access to over 10,000 jobs and 2.8 million square feet of quality retail, along with a healthy pipeline of new economic development. Delivered between 1972 and 2002, The Galleria 3 Portfolio offers proven value add upside and heavy operational upside, both of which can create massive cash flow for the next investor.
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Galleria 3 Portfolio (3 properties, 825 units)
Renaissance at Galleria
244 Units
3800 Galleria Woods Drive
Hoover, AL  35244
Type: Conventional
Closed: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Galleria 3 Portfolio, an 825-unit value add portfolio centralized in the desirable Hoover municipality of Birmingham, Alabama. The portfolio is comprised of three communities: The Park at Galleria (431 units), The Place at Galleria (150 units), and The Renaissance at Galleria (244 units). Hoover is ranked the 4th best place to live in Alabama (Niche, 2018), boasting a state ranked school system, affluent demographics, and heavy barriers to entry for multifamily. The municipality also offers access to over 10,000 jobs and 2.8 million square feet of quality retail, along with a healthy pipeline of new economic development. Delivered between 1972 and 2002, The Galleria 3 Portfolio offers proven value add upside and heavy operational upside, both of which can create massive cash flow for the next investor.
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Galleria 3 Portfolio (3 properties, 825 units)
Place at Galleria (ICG 3)
150 Units
1 Hampton Place
Hoover, AL  35216
Type: Conventional
Closed: 2/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit Summer Rise apartment community located in the expanding Birmingham, AL. This asset is situated in the growing Northeast submarket of the metro, which recently has announced over 3,000 jobs coming in the next year between two major projects. Built in 1970, Summer Rise represents an outstanding opportunity to invest in a densely occupied asset with robust upside potential near local economic drivers.
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Summer Rise
96 Units
1967 East Bend Circle
Center Point, AL  35215
Type: Conventional
Closed: 1/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Heights at Skyland - 304 units located in Tuscaloosa, AL. This asset is situated in the growing Tuscaloosa submarket, which has attracted 2,700+ future jobs over the next 2 years and is grounded on two expanding pillars of The University of Alabama and the Mercedes-Benz plant. The subject boasts 97 renovated units ($30-$120 premiums), leaving 207 units for the next investor to fully round out the property. Built in 1975 and 1991, The Heights at Skyland represents the opportunity to invest in a well-performing asset in a high-growth market with massive upside via strategic capital improvements.
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The Heights at Skyland
304 Units
4527 18th Avenue East
Tuscaloosa, AL  35405
Closed: 1/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 113-unit Sandpiper apartment community located in Birmingham, Jefferson County, AL. This asset is situated in close proximity to all employment and lifestyle amenities in the Birmingham Metro. Built in 1973, this well maintained property represents an outstanding opportunity to invest in an extremely stable cash flowing asset in a desirable Birmingham neighborhood.
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Sandpiper
113 Units
741 Barcelona Court
Birmingham, AL  35209
Type: Conventional
Closed: 1/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 210-unit Crowne at Long Leaf Trace apartment community located in Hattiesburg, Mississippi. This asset is afforded excellent visibility and access at the northwest corner of The University of Southern Mississippi’s campus, the city’s primary economic engine with nearly 14,000 enrollees. Built in 2008, Crowne at Long Leaf Trace represents one of the few Class "A" living options for USM students that is within walking distance of campus, which will encourage continued high occupancy and organic rent growth.
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Crowne at Long Leaf Trace
210 Units | 440 Beds
700 Beverly Hills Road
Hattiesburg, MS  39401
Type: Conventional
Closed: 1/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 98-unit The Park on 23rd apartment community located in the thriving Pell City, AL. This asset is situated just off Interstate 20, within 15 minutes of Honda’s manufacturing plant in Lincoln (4,500 jobs, $140M expansion in 2018). Built in 1998 and undergoing a massive value add campaign, The Park on 23rd offers an outstanding opportunity to invest in a cash-flowing asset with proven value add potential.
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The Park on 23rd
98 Units
1103 23rd Street N
Pell City, AL  35125
Closed: 1/18/2019
Sold
Huntsville Place
84 Units | 336 Beds
4955 Century Street NW
Huntsville, AL  35816-1973
Type: Student
Closed: 1/16/2019
Sold
Covington Park I & II
156 Units
100 Covington Park Drive
Jackson, MS  39212
Type: LIHTC
Closed: 1/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 208-unit 701 South apartment community located in Mobile, AL. This asset is situated in the highly sought-after West Mobile submarket and maintains high visibility and accessibility off two of the city’s major thoroughfares. Built in 1975 and fully-renovated in 2016/2017, 701 South is generating exceptional demand from the rental market and is positioned for powerful future growth.
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701 South
208 Units
701 S University Boulevard
Mobile, AL  36609
Closed: 1/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 137-unit Ridgeland Ranch apartment community, located in the heavily sought-after Ridgeland suburb of Jackson, Mississippi. Ridgeland is currently ranked the 2nd best municipality in Mississippi, offering one of the state’s most coveted school systems and highest median incomes. Built in 1974, Ridgeland Ranch offers the investor a well-located asset with market-suggested value add potential.
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Ridgeland Ranch
137 Units
1620 East County Line Road
Ridgeland, MS  39157
Closed: 12/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group, pleased to present the exclusive listing of Landmark at Lancaster Place, a 240-unit apartment community located in Birmingham, Alabama. This asset sits in the budding municipality of Calera, Birmingham’s 2nd fastest growing city in terms of population growth. With a strategic location that offers access to both the Birmingham and Montgomery job markets, Calera boasts an affluent demographic and state-ranked school system. Built in 2007, Landmark at Lancaster Place offers the next investor both organic in-place rent growth and legitimate value add upside.
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Landmark at Lancaster Place
240 Units
10 Kensington Manor Drive
Calera, AL  35040
Type: Conventional
Closed: 12/5/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit Sandalwood Apartment Community located in Pensacola, FL. Sitting off of Hwy 98, which runs along the Gulf Coast of FL, the asset has excellent visibility. It is centralized amongst major economic drivers that are contributing towards explosive financial growth for the region. Built in 1985 with low-maintenance materials, Sandalwood offers an outstanding opportunity to invest in a cash-flowing asset with substantial upside via strong rent trajectory and an attractive value add story.
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Sandalwood
144 Units
6501 Highway 98 West
Pensacola, FL  32506
Type: Conventional
Closed: 11/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 30-story City Center, an adaptive re-use opportunity located in Birmingham, AL. Comprised of nearly 700,000 square feet of vacated space in the heart of Downtown, City Center offers a once-in-a-cycle opportunity to acquire a large scale re-use project with unlimited future potential. Historically utilized as office space for AT&T, the next investor can modify the interior shell of City Center to open the doorway for multifamily, condos, class A office space, and boutique retail. With an 87 walkability score and heavy barriers to entry, City Center is in a profitable position for adaptive re-use. City Center, if converted to multifamily, would also offer the best walkability to the Central Business District and to the upcoming $300M BJCC project (new stadium, massive existing upgrades).
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City Center
325 Units
600 19th Street North
Birmingham, AL  35203
Closed: 11/1/2018
Sold
Cambridge Park
200 Units
3414 Shortcut Road
Pascagoula, MS  39581
Closed: 10/31/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the LA/MS Portfolio, 1,111-units across 4 apartment communities. This portfolio is comprised of 4 assets: Grand Pointe (Lafayette, LA), Oak Hollow (Southaven, MS), Pelican Pointe (Slidell, LA), and Twin Oaks (Hattiesburg, MS). The LA/MS Portfolio is optimally situated amongst some of Mississippi and Louisiana’s best-performing cities, which will garner substantial interest from the rental market. With value add opportunity across the board and stable cash flow, The LA/MS Portfolio is positioned for powerful future growth.
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LA/MS Portfolio (3 properties, 845 units)
Oak Hollow
277 Units
646 Whispering Oak Drive
Southaven, MS  38671
Type: Conventional
Closed: 10/12/2018