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)
Pelican Pointe
266 Units
3400 Pelican Pointe Dr
Slidell, LA  70458
Type: Conventional
Closed: 10/12/2018
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)
Twin Oaks
302 Units
2766 Oak Grove Road
Hattiesburg, MS  39402
Closed: 10/12/2018
Sold
The Huntley
200 Units
100 Huntley Parkway
Pelham, AL  35124
Type: Conventional
Closed: 9/17/2018
Sold
The Moderne At Providence
300 Units
30 Gates Mill Street NW
Huntsville, AL  35806
Type: Conventional
Closed: 9/12/2018
Sold
Sunrise Pointe
344 Units
7716 Sunrise Circle
Birmingham, AL  35210
Closed: 9/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 112-unit St. Charles Villas apartment community located in Birmingham, Alabama. This asset is embedded near quality industrial employers like American Cast Iron Pipe Company (1,600 Jobs), and sits just 10 minutes from the heart of Downtown. St. Charles Villas is currently operating under the rare and attractive HAP program. With an enticing townhome physical plant and large floorplans, the subject is desirable in the rental community.
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St. Charles Villas
112 Units
100 Pratt Highway
Birmingham, AL  35214
Type: Conventional
Closed: 8/17/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit Serenity of Mobile apartment community located in Mobile, Mobile County, Alabama. This asset is situated near the intersection of Azalea Road and Pleasant Valley Road, just over one mile south of Airport Boulevard. With I-65 less than two miles from the subject, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1975, Serenity of Mobile represents an outstanding opportunity to invest in an asset located in affluent Midtown Mobile with impressive value-add potential.
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Serenity at Mobile
152 Units
557 Azalea Road
Mobile, AL  36609
Type: Conventional
Closed: 8/15/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Birmingham Key 3 Portfolio, 438 total units across three apartment communities in the Birmingham (AL) metro. These assets offer outstanding locations within two of Alabama’s Top 5 suburbs, Homewood and Hoover, both of which maintain heavy restrictions on new multifamily development. All three communities offer residents easy access to dense cores of quality jobs and upper end retail options. Built in the mid-1970’s, The Birmingham Key 3 Portfolio is on the backend of major management adjustments and arrives to market 96% leased. With heavy lifting already completed, the next investor will be able to focus on rounding out the in-place value add initiative.
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Birmingham Key 3 (3 properties, 438 units)
City Heights Hoover
160 Units
2071 Alpine Village
Birmingham, AL  35216
Type: Conventional
Closed: 8/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Birmingham Key 3 Portfolio, 438 total units across three apartment communities in the Birmingham (AL) metro. These assets offer outstanding locations within two of Alabama’s Top 5 suburbs, Homewood and Hoover, both of which maintain heavy restrictions on new multifamily development. All three communities offer residents easy access to dense cores of quality jobs and upper end retail options. Built in the mid-1970’s, The Birmingham Key 3 Portfolio is on the backend of major management adjustments and arrives to market 96% leased. With heavy lifting already completed, the next investor will be able to focus on rounding out the in-place value add initiative.
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Birmingham Key 3 (3 properties, 438 units)
Knoll Crest
150 Units
280 Robert Jemison Road
Birmingham, AL  35209
Closed: 8/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Birmingham Key 3 Portfolio, 438 total units across three apartment communities in the Birmingham (AL) metro. These assets offer outstanding locations within two of Alabama’s Top 5 suburbs, Homewood and Hoover, both of which maintain heavy restrictions on new multifamily development. All three communities offer residents easy access to dense cores of quality jobs and upper end retail options. Built in the mid-1970’s, The Birmingham Key 3 Portfolio is on the backend of major management adjustments and arrives to market 96% leased. With heavy lifting already completed, the next investor will be able to focus on rounding out the in-place value add initiative.
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Birmingham Key 3 (3 properties, 438 units)
Olympia Village
128 Units
218 Olympia Drive
Birmingham, AL  35209
Closed: 8/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Timberfalls apartment community located in the expanding Birmingham, Alabama area. This asset is situated in close proximity to all employment and community amenities in the Birmingham Metro. Built in 1979, this well maintained property represents an outstanding opportunity to invest in a densely occupied asset with unparalleled convenience to an array of Birmingham hot spots.
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Valley Crest
176 Units
316 Beacon Crest Lane
Birmingham, AL  35209
Type: Conventional
Closed: 8/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile5 Portfolio, 2,013 total units located in the A+ Midtown submarket of Mobile, Alabama. Midtown has become an infill submarket over the past decade, boasting high-end grocery, the metro’s top household incomes, The Country Club of Mobile, and over 12M SF of quality retail options. Mobile itself is attracting a wealth of job growth with 4,000 jobs expected to deliver in 2018/2019 via Walmart, Airbus, Amazon, and Continental Motors expansions. Built between 1951-1982, Mobile5 has received approximately $60M in capital improvements since 2000, which will allow the next investor to focus any future additional capital on value add renovations.
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Mobile5 Portfolio (5 properties, 2,013 units)
Crossings at Pinebrook
545 Units
3800 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Closed: 7/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile5 Portfolio, 2,013 total units located in the A+ Midtown submarket of Mobile, Alabama. Midtown has become an infill submarket over the past decade, boasting high-end grocery, the metro’s top household incomes, The Country Club of Mobile, and over 12M SF of quality retail options. Mobile itself is attracting a wealth of job growth with 4,000 jobs expected to deliver in 2018/2019 via Walmart, Airbus, Amazon, and Continental Motors expansions. Built between 1951-1982, Mobile5 has received approximately $60M in capital improvements since 2000, which will allow the next investor to focus any future additional capital on value add renovations.
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Mobile5 Portfolio (5 properties, 2,013 units)
Sandpiper Townhomes
253 Units
4950 Government Boulevard
Mobile, AL  36693
Type: Conventional
Closed: 7/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile5 Portfolio, 2,013 total units located in the A+ Midtown submarket of Mobile, Alabama. Midtown has become an infill submarket over the past decade, boasting high-end grocery, the metro’s top household incomes, The Country Club of Mobile, and over 12M SF of quality retail options. Mobile itself is attracting a wealth of job growth with 4,000 jobs expected to deliver in 2018/2019 via Walmart, Airbus, Amazon, and Continental Motors expansions. Built between 1951-1982, Mobile5 has received approximately $60M in capital improvements since 2000, which will allow the next investor to focus any future additional capital on value add renovations.
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Mobile5 Portfolio (5 properties, 2,013 units)
The Pathways
244 Units
2656 Pathway Place
Mobile, AL  36606
Type: Conventional
Closed: 7/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile5 Portfolio, 2,013 total units located in the A+ Midtown submarket of Mobile, Alabama. Midtown has become an infill submarket over the past decade, boasting high-end grocery, the metro’s top household incomes, The Country Club of Mobile, and over 12M SF of quality retail options. Mobile itself is attracting a wealth of job growth with 4,000 jobs expected to deliver in 2018/2019 via Walmart, Airbus, Amazon, and Continental Motors expansions. Built between 1951-1982, Mobile5 has received approximately $60M in capital improvements since 2000, which will allow the next investor to focus any future additional capital on value add renovations.
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Mobile5 Portfolio (5 properties, 2,013 units)
Windsor Place
384 Units
3661 Airport Boulevard
Mobile, AL  36608
Type: Conventional
Closed: 7/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile5 Portfolio, 2,013 total units located in the A+ Midtown submarket of Mobile, Alabama. Midtown has become an infill submarket over the past decade, boasting high-end grocery, the metro’s top household incomes, The Country Club of Mobile, and over 12M SF of quality retail options. Mobile itself is attracting a wealth of job growth with 4,000 jobs expected to deliver in 2018/2019 via Walmart, Airbus, Amazon, and Continental Motors expansions. Built between 1951-1982, Mobile5 has received approximately $60M in capital improvements since 2000, which will allow the next investor to focus any future additional capital on value add renovations.
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Mobile5 Portfolio (5 properties, 2,013 units)
Yester Oaks
587 Units
146 Yester Oaks Drive
Mobile, AL  36608
Type: Conventional
Closed: 7/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 97-unit Arlington apartment community located in Jackson, Hinds County, Mississippi. Arlington offers superior location in close proximity to employment and retail/recreational amenities. The property has received signification interior, exterior, and amenity renovations since July 2017 and is achieving rent premiums and increased revenue. Built in 1972, Arlington offers an outstanding opportunity to invest in a renovated asset with a high visibility location.
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Arlington
97 Units
5845 Ridgewood Road
Jackson, MS  39211
Type: Conventional
Closed: 7/16/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Stonegate apartment community located in Birmingham, Jefferson County, AL. This asset is situated in the expanding Oxmoor Valley economic corridor of West Birmingham, just north of the $60M Renaissance at Ross Bridge luxury resort. Built in 2008, Stonegate offers an outstanding opportunity to invest in an upward-trending Class A asset with market-backed value add potential to further boost operating income.
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Stonegate
260 Units
101 Leaf Lake Boulevard
Birmingham, AL  35211
Type: Conventional
Closed: 7/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 226-unit Corner Stone I & II apartment community, consisting of two well-located assets in Midtown Montgomery. Montgomery is producing solid economic growth, with nearly $580 Million invested and 2,700 direct new jobs since 2016. Residents in East Montgomery are afforded outstanding access to the area’s key economic drivers such as Eastdale Mall, AUM, and Baptist Health. Built in 1972/1999, both assets represent an outstanding opportunity to invest in highly-demanded units with value add potential.
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Corner Stone I & II (2 properties, 226 units)
Corner Stone II
32 Units
2900 Steeplechase Lane
Montgomery, AL  36116
Type: Conventional
Closed: 7/10/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 226-unit Corner Stone I & II apartment community, consisting of two well-located assets in Midtown Montgomery. Montgomery is producing solid economic growth, with nearly $580 Million invested and 2,700 direct new jobs since 2016. Residents in East Montgomery are afforded outstanding access to the area’s key economic drivers such as Eastdale Mall, AUM, and Baptist Health. Built in 1972/1999, both assets represent an outstanding opportunity to invest in highly-demanded units with value add potential.
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Corner Stone I & II (2 properties, 226 units)
The Meadows (Corner Stone)
194 Units
2637 The Meadows
Montgomery, AL  36116
Type: Conventional
Closed: 7/10/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Ashford Place apartment community located in Mobile, Alabama. This asset is situated in the highly sought-after West Mobile submarket, home to key economic drivers such as Providence Hospital (1,550 jobs), Publix & Whole Foods, University of South Alabama, Mobile Regional Airport, and over 3 million square feet of quality retail. Built in 1983, Ashford Place is generating exceptional demand from the rental market and has operated at economically full occupancy over the past year. With upward market pressure, the next investor will be able to capitalize by renovating the all original interiors to create additional value.
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Ashford Place
168 Units
6075 Grelot Road
Mobile, AL  36609
Type: Conventional
Closed: 6/20/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit Huntleigh Woods apartment community located in Mobile, Alabama. This asset is situated in the highly sought-after West Mobile submarket, home to key economic drivers such as Providence Hospital (1,550 jobs), Publix & Whole Foods, University of South Alabama, Mobile Regional Airport, and over 3 million square feet of quality retail. Built in 1977, Huntleigh Woods is generating exceptional demand from the rental market and has operated at economically full occupancy over the past year. With upward market pressure, the next investor will be able to capitalize through initiating a value add campaign on the all original interiors.
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Huntleigh Woods
233 Units
375 Hillcrest Road
Mobile, AL  36608
Type: Conventional
Closed: 6/19/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Mountainside apartment community located in the desirable Southside submarket of Downtown Birmingham, Alabama. Southside has proven to be a highly attractive submarket in the metro due to proximity to both Downtown (UAB, CBD, Parkside) and upper echelon suburbs to the south (Mountain Brook, Homewood). Downtown has been truly transformed over the last 5 years and will continue to see an influx of jobs, capital, and residents moving to the urban core. Mountainside arrives to the market on the tail-end of a 3 year, $3.25M renovation campaign that has positioned the asset into one of the top communities in Southside.
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Mountainside
196 Units
101 Penthouse Drive
Birmingham, AL  35205
Type: Conventional
Closed: 6/6/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Southern Oaks apartment community located in Mobile, Alabama. This asset is situated along South University Boulevard, a high-traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Built in 1975, Southern Oaks offers an outstanding opportunity to invest in an asset with a highly visible location. There is also high value add potential, as all unit interiors are originals.
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Southern Oaks
224 Units
833 South University Boulevard
Mobile, AL  36609
Closed: 5/30/2018