Sold
Place at Galleria
150 Units
1 Hampton Place
Hoover, AL  35216
Type: Conventional
Closed: 12/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
...
Sold
Southeast 698 Portfolio (3 properties, 698 units)
Georgetown Crossing
168 Units
1015 King George Boulevard
Savannah, GA  31419
Type: Conventional
Closed: 12/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
...
Sold
Southeast 698 Portfolio (3 properties, 698 units)
Paces Brook
260 Units
113 Paces Brook Avenue
Columbia, SC  29212
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Palladian at Daphne - 120 units located within the affluent Daphne municipality of Mobile, Alabama. Baldwin County, the fastest growing county in the state, has garnered 53% population growth since 2000 and boasts a median HH income nearly 25% greater than the statewide statistic. Situated along the desirable Eastern Shore of Mobile, Palladian at Daphne enjoys an affluent resident profile and close proximity to quality retail and employment. The subject asset features massive, 1,800 SF average floor plans with 100% attached garages and ground floor entry, providing residents with "home style" living at a low cost per foot. Constructed in 2017, Palladian at Daphne offers the investor a newly delivered asset producing strong, stable cash flow in an A+ Daphne location.
...
Sold
Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
...
Sold
Southeast 698 Portfolio (3 properties, 698 units)
Retreat at Schillinger
270 Units
1313 Schillinger Road South
Mobile, AL  36695
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Sandstones - 172 units located in Pensacola, FL. The subject maintains a convenient location with close proximity to Hwy-98, a high-traffic thoroughfare which runs along the Gulf Coast of FL. Sandstones is centralized amongst major economic drivers that are contributing towards explosive financial growth for the region. Pensacola is benefiting from the upcoming Navy Federal Credit Union corporate campus expansion (5,000 jobs, $1.2B new investment). Built in 1966/1973 and strategically positioned along Hwy-98, Sandstones presents the opportunity to acquire a cash-flowing asset with market-backed value add upside.
...
Sold
Sandstones
172 Units
190 N Old Corry Field Road
Pensacola, FL  32507
Type: Conventional
Closed: 12/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 12-unit Shady Oaks apartment community located in the desirable Midtown submarket of Montgomery, Alabama. The asset offers direct connectivity to Downtown and Eastchase. Benefiting from a strong manufacturing economy, the metro has garnered more than $1 Billion of capital investments and 7,000+ jobs over the past three years. Shady Oaks is surrounded by some of the metro’s primary job/retail cores, such as AUM, Baptist Health, and The Shoppes at Eastchase. With value add potential in a desirable submarket, Shady Oaks is in a prime position for growth for the next investor.
...
Sold
Shady Oaks
12 Units
545 Eastdale Road South
Montgomery, AL  36117
Closed: 12/13/2019
Sold
Maplewood
54 Units
315 College Drive
Hanceville, AL  35077
Closed: 12/9/2019
Sold
The Kenzie
213 Units
4501 Old Caldwell Mill Road
Birmingham, AL  35242
Type: Conventional
Closed: 12/4/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Serenity at Sterling, located in Birmingham, AL which has experienced 25,000+ new jobs and $2B+ in capital investments (Downtown) over the past 3 years. This asset is situated near quality retail with easy access to Downtown. Built in the early 1970’s, but heavily capitalized within the last three years, Serenity at Sterling represents an outstanding opportunity to invest in a cash-flowing property with value add upside near major economic drivers.
...
Sold
Serenity Birmingham Portfolio (3 properties, 308 units)
Serenity on Valley Creek
104 Units
1012 33rd Street SW
Birmingham, AL  35221
Type: Conventional
Closed: 11/20/2019
Sold
Hillwood
118 Units
1 Gatsby Drive
Montgomery, AL  36106
Type: Conventional
Closed: 11/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Sage Partners Real Estate Solutions are pleased to present the exclusive listing of Olympus Chenal Valley - 216 units located in Little Rock, AR. The subject is ideally positioned in the desirable Chenal Valley section of NW Little Rock, where HH incomes average $117K+ within a 1-mile radius. Current ownership has invested over $3.6M on interior, exterior, and amenity upgrades - creating in-place organic rent growth and upward income trajectory. The asset features 41 "Platinum" upgrades achieving up to $225 eff. rent premiums, leaving 80%+ of interiors for the next investor to fully round out the community. Originally constructed in 1998 and heavily rehabbed in 2017-2019, Olympus Chenal Valley presents the opportunity to acquire a quality physical plant with proven value add demand in a top-tier submarket.
...
Sold
Olympus Chenal Valley
216 Units
16401 Chenal Valley Drive
Little Rock, AR  72223
Closed: 11/1/2019
Sold
Ridge at Crestwood
344 Units
7716 Sunrise Circle
Birmingham, AL  35210
Closed: 11/1/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Serenity at Sterling, located in Birmingham, AL which has experienced 25,000+ new jobs and $2B+ in capital investments (Downtown) over the past 3 years. This asset is situated near quality retail with easy access to Downtown. Built in the early 1970’s, but heavily capitalized within the last three years, Serenity at Sterling represents an outstanding opportunity to invest in a cash-flowing property with value add upside near major economic drivers.
...
Sold
Serenity Birmingham Portfolio (3 properties, 308 units)
Serenity at Fairfield
64 Units
6702 Forest Drive
Fairfield, AL  35064
Type: Conventional
Closed: 10/31/2019
Sold
Arch Street
267 Units
100 Arch Street Place
Huntsville, AL  35758
Type: Conventional
Closed: 10/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit Legacy at Summerchase apartment community located in the rapidly-expanding submarket of Prattville, AL. Prattville has benefited from strong schools and its proximity to Alabama’s capital city, Montgomery. The asset is strategically positioned in a high-traffic retail corridor with ingress/egress to McQueen Smith Road and easy access to downtown Montgomery. Built in 1988, Legacy at Summerchase represents an outstanding opportunity to invest in a proven value add asset that is experiencing heavy demand within a budding submarket.
...
Sold
Legacy at Summerchase
152 Units
100 McQueen Smith Road S
Prattville, AL  36067
Type: Conventional
Closed: 10/25/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 154-unit Family Place apartment community located in Mobile, Alabama. This asset is situated on Michael Boulevard, just over one mile south of Airport Boulevard. With I-65 under a half mile from the subject, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1973, Family Place offers an outstanding opportunity to invest in a property that is coming out of LIHTC and has exceptional value add potential.
...
Sold
Family Place
154 Units
3600 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Closed: 10/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 173-unit Magnolia Preserve apartment community located in Dothan, Alabama. Dothan is widely regarded as the "southeastern gem" of the state, with a growing medical/industrial economy and major local job growth. Magnolia Preserve maintains one of the best multifamily locations in the submarket, within the Montgomery Highway retail corridor (3M+ SF) and $80K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding NRI growth since delivery (9.2% YoY last 3 years) and stable occupancy. The next investor can further juice collections through rounding out the in-place value add campaign. The asset is offered as a debt assumption or on an all-cash basis.
...
Sold
Magnolia Preserve
173 Units
101 Magnolia Ridge Place
Dothan, AL  36303
Type: Conventional
Closed: 9/27/2019
Sold
Golflinks & Royale (2 properties, 195 units)
Golflinks
96 Units
5 Mooney Road Northeast
Fort Walton Beach, FL  32547
Closed: 9/26/2019
Sold
Golflinks & Royale (2 properties, 195 units)
Royale
99 Units
604 Colonial Drive
Fort Walton Beach, FL  32547
Closed: 9/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Willow Point, 440 units located in Jackson, MS. This well demanded asset sits approximately 10 miles north of the capital city of Downtown Jackson. Willow Point exited its LIHTC program in October 2018 and has proven out outstanding collections growth in recent months as the remaining affordable units turn to full market rates. Originally constructed in 1994 / 1997 under the LIHTC program, Willow Point represents an outstanding opportunity to acquire an asset with significant upside in rental revenue at an attractive basis.
...
Sold
Willow Point
440 Units
759 Glencross Drive
Jackson, MS  39206
Type: Conventional
Closed: 9/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of West Woods Haven, 268 Class A+ units located down the street from Navy Federal Credit Union’s massive campus expansion (5K+ new jobs coming by 2020) in Pensacola, Florida. West Woods Haven maintains a prime location with high visibility and accessibility off West Nine Mile Road, virtually immediate access to I-10, and is near additional multi-use developments anticipated to spawn from the strong job growth nearby. Completed in two phases between 2016 and 2017, West Woods Haven offers best-in-class livability with an A+ amenity package and top-of-the-line unit features. With outstanding in-place organic growth potential and a wealth of high-salary jobs coming in nearby, West Woods Haven can provide profitable upward momentum and cash flow for the next investor.
...
Sold
West Woods Haven
268 Units
3202 W Nine Mile Road
Pensacola, FL  32534
Closed: 9/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Fern Parc - 343 units located in Huntsville, AL, ranked #1 in AL and #6 in the Nation for job growth. Huntsville attracted over $2.7B in capital investment in 2018 and added 9,500+ new jobs YoY, well outperforming both state and national averages. Notably Huntsville now has the #1 most technical workforce in the country, with nearly 17% of the workforce in a STEMrelated field and earning $95k+ salaries. The metro’s mass influx of capital and quality jobs, sourced by low business costs and a favorable tax climate, will continue to lure some of the country’s leading science, manufacturing, and industrial companies. Fern Parc features high visibility off Memorial Pkwy along Huntsville’s South Corridor, offering residents first-rate connectivity to the metro’s key employment drivers and mixed use projects. Originally constructed in 1974 and fully rehabbed in 2014/2015, Fern Parc represents the opportunity acquire a quality physical plant within the premier Huntsville investment space.
...
Sold
Fern Parc
343 Units
4100 S. Memorial Parkway
Huntsville, AL  35802
Type: Conventional
Closed: 9/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of Ashley at Breakfast Point, 360 units located in the heart of Panama City Beach, Florida. Situated along Highway 98 with excellent visibility, the community is within minutes of the beach, ranked #3 on TripAdvisor’s Top Beaches in the country, and 1.2 million SF of upscale retail, golf courses, and community attractions. Delivered in 2007, Ashley at Breakfast Point offers residents a "beach-style" living experience with close proximity all of Panama City Beach’s lifestyle amenities. With excellent in-place organic rent growth and further room to boost returns through value add, Ashley at Breakfast Point can provide profitable upward momentum and cash flow for the next investor.
...
Sold
Ashley at Breakfast Point
360 Units
9700 Panama City Beach Pkwy
Panama City Beach, FL  32407
Type: Conventional
Closed: 8/30/2019