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Palladian at Promenade
110 Units
2150 Hughes Road
Madison, AL  35758
Closed: 9/1/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 192-unit River Park apartment community located in McComb, MS. McComb, located along I-55 and centralized amongst key MSAs, is a budding regional retail hub with nearly 2 million square feet and major big box stores. River Park is part of an upcoming major mixeduse project that is taking shape at the I-55/Hwy-98 interchange, which will feature grocery, retail, office, and flex space. Built and delivered in late 2015, the subject property offers a Class A asset below replacement cost with an outstanding collections trend. The next investor will also benefit from long-term HUD debt that will boost cash-on-cash returns.
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River Park
192 Units
1328 Parklane Road
McComb, MS  39648
Type: Conventional
Closed: 9/1/2020
Sold
Capital Park at 72 West
233 Units
6941 US Highway 72
Huntsville, AL  35806
Type: Conventional
Closed: 8/28/2020
Sold
Summerchase at Riverchase
240 Units
100 Summerchase Drive
Hoover, AL  35244
Closed: 8/27/2020
Sold
Serenity at Bell Oaks
98 Units
3160 Bell Oaks Circle
Montgomery, AL  36116
Type: Senior
Closed: 8/14/2020
Sold
The Park at Deerfield
320 Units
3627 Cedarbrook Drive
Hoover, AL  35216
Type: Conventional
Closed: 7/13/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Watermark at Bridge Street Town Centre, a Thompson Thrift Company. The property offers 244 Class A+ units located in the rapidly expanding city of Huntsville, AL. Huntsville, arguably one of the hottest economic metros in the U.S., has added 12K+ jobs & $5B of capital investments since 2018. Embedded within the Bridge Street Town Centre development, the subject offers walkability to 550K+ SF of Class "A" retail & office space. The asset is adjacent to Cummings Research Park, the 4th largest research park in the world, which is home to 300+ companies & 27K+ jobs. Delivered in March 2019, Watermark is the pinnacle of new residential design, featuring designer finishes & state-of-the-art amenities. The asset has proven out excellent lease-up velocity & is primed to capture substantial organic rent growth through second-generation leasing. The subject’s quality construction, retail walkability, and connectivity to massive job cores will position future ownership to achieve profitable upward momentum.
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Watermark at Bridge Street
244 Units
6854 Governors West NW
Huntsville, AL  35806
Closed: 7/9/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 52-unit Heron Lakes apartment community located in Mobile, Alabama. This asset is desirably positioned just off Government Blvd and within the Heron Lakes Country Club neighborhood (85k HH incomes, $300-$700k home values), which provides the community with a highly affluent renter pool. Heron Lakes also sits minutes from the area’s top employers (Mobile Aeroplex, Downtown) and 12M+ square feet of quality retail space (Shoppes at Bel Air, McGowin Park, etc). Built in 1972 and renovated in the mid-2000’s, Heron Lakes offers the investor a well-maintained property with strong in-place cash flow and substantial further value add upside.
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Heron Lakes
52 Units
1164 Skywood Drive
Mobile, AL  36693
Closed: 6/29/2020
Sold
Prattville at Highland Lakes
224 Units
1908 Briarwood Street
Prattville, AL  36067
Closed: 6/23/2020
Sold
Glenrock
180 Units
2730 Dave Ward Drive
Conway, AR  72034
Type: Conventional
Closed: 5/22/2020
Sold
Elevation Homewood & Vestavia (2 properties, 318 units)
Elevation Homewood
198 Units
1301 Lakeshore Place
Homewood, AL  35209
Type: Conventional
Closed: 3/26/2020
Sold
Elevation Homewood & Vestavia (2 properties, 318 units)
Elevation Vestavia Hills
120 Units
2927 Columbiana Court
Vestavia Hills, AL  35216
Closed: 3/26/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 368-unit Serenity Montgomery Portfolio. Benefiting from a strong manufacturing economy, the Montgomery metro has garnered over $1 Billion in capital investments and approximately 7,000 jobs over the past three years. Hyundai (3,000+ jobs) recently announced additional investments of $400M+ and 100+ jobs. The two assets, Serenity at the Park and Serenity Townhomes, are situated in an "Opportunity Zone" which will provide huge tax benefits to the next investor. Built in 1972 and comprised of all-brick exteriors, the Serenity Montgomery Portfolio offers value add upside at an extremely attractive basis.
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Serenity Montgomery (2 properties, 368 units)
Serenity at the Park
176 Units
4900 Plaza Drive
Montgomery, AL  36116
Type: Conventional
Closed: 3/26/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 278-unit Park West apartment community located in Mobile, AL. This asset is situated in the affluent West Mobile submarket, just south of Airport Boulevard, with convenient access to top employers and major retail destinations. The immediate area is home to key economic drivers such as Providence Hospital (1,540 jobs), University of South Alabama (16,440+ students), Mobile Regional Airport, and over 1.5 million square feet of quality retail within a 3-mile radius. Built in 1977, Park West presents an opportunity to invest in a true value add asset in a flourishing submarket.
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Park West
278 Units
1663 Hillcrest Road
Mobile, AL  36695
Type: Conventional
Closed: 3/17/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
Chateau
32 Units
1308 Sioux Street
Dothan, AL  36303
Type: Conventional
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
Rock Creek
100 Units
1304 Cornell Avenue
Dothan, AL  36303
Type: Conventional
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
Summer Tree
72 Units
560 Fortner Street
Dothan, AL  36301
Type: LIHTC
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
The Gardens
26 Units
314 Virginia Drive
Dothan, AL  36301
Type: Conventional
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
Virginia Terrace
30 Units
107 Virginia Drive
Dothan, AL  36301
Type: Conventional
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Cahaba Brook and Cahaba Park - 54 units across two assets located in the affluent communities of Vestavia Hills and Homewood, ranked #4 and #2 of Alabama’s top suburbs, respectively. Birmingham’s most desirable municipalities of Vestavia Hills, Homewood and Mountain Brook maintain heavy multifamily restrictions, with only 5 assets constructed in these areas since 2000. Residents at the subjects are afforded easy access to dense cores of quality jobs, upper echelon retail options and state-ranked school systems. Built in 1991 and 1954, and heavily capitalized over the past 4 years, Cahaba Brook and Cahaba Park represent the opportunity to acquire well-demanded assets with ample space for the next investor to implement a "2.0" renovation program and create outstanding exit value.
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Cahaba Brook & Cahaba Park (2 properties, 54 units)
Cahaba Brook
20 Units
3252 Bearden Court
Vestavia Hills, AL  35243
Closed: 3/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Chaney Place apartment community located in the rapidly expanding city of Huntsville, AL. Huntsville’s economy has added over 12K jobs and $5B of capital investments since the start of 2018 and is one of the top-ranked investment markets in the entire U.S. Notably, Huntsville now has the #1 most technical workforce in the country with nearly 17% of the workforce in a STEM related field earning $95k+ average salaries. Chaney Place features a class "A" home-like experience with 100% ground floor entry townhomes, massive 1,350 SF average floor plans and highly desirable amenities. Delivered between 2008-2015, Chaney Place represents the rare opportunity to acquire an attractive, cash flowing asset within the premier Huntsville investment space.
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Chaney Place
80 Units
1060 Chaney Place Dr
Huntsville, AL  35803
Closed: 3/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Arlington Park - 252 units located in Mobile, Alabama. The subject is situated in the affluent West Mobile submarket, just south of Airport Boulevard, with $100K+ HH incomes and state-ranked schools. The immediate area is home to key economic drivers such as Providence Hospital (1,540 jobs), University of South Alabama (16,440+ students), Mobile Regional Airport, and over 1.5 million square feet of quality retail within a 2-mile radius. Constructed in 2001, Arlington Park offers the investor quality product well below replacement cost with excellent in-place cash flow that is primed for a full-scale value add campaign.
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Arlington Park
252 Units
7070 Grelot Road
Mobile, AL  36695
Type: Conventional
Closed: 2/26/2020
Sold
Retreat at Panama City Beach
360 Units
90 Sandal Lane
Panama City Beach, FL  32413
Type: Conventional
Closed: 1/31/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Trails at Cahaba River - 400 units located in Birmingham, AL. This asset is desirably situated along the thriving US-280 Corridor, one of the metro’s high growth areas with nearly 10M SF of top-tier retail and office space. Embedded near quality employment opportunities and upscale amenities, the community attracts a high quality resident profile. Current ownership has invested over $6.6M in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to initiate next-level upgrades. Built in 1987/1988, The Trails at Cahaba River offers the investor an outstanding opportunity to acquire a cash-flowing asset with proven value add upside far below replacement cost.
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The Trails at Cahaba River
400 Units
801 Cahaba Forest Cove
Birmingham, AL  35242
Type: Conventional
Closed: 1/29/2020