The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Gulf States Multifamily Team, is pleased to present the exclusive listing of The Alden, a 176-unit, 528-bed, student housing community located in Birmingham, Alabama. This 2001 purpose-built asset is located near the University of Alabama at Birmingham as well as Samford University.
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The Alden
176 Units | 528 Beds
500 Palisades Drive
Birmingham, AL  35209
Type:  Multifamily
Closed: 7/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,165-unit Legacy Mississippi portfolio. This portfolio offers substantial value add upside as each asset trails its competitive set in effective rental rates. With quality physical plants in place, the next investor can initiate targeted interior upgrades to achieve rental premiums and boost exit value. Built between 1981-2007, the Legacy Mississippi portfolio presents an outstanding opportunity to immediately acquire massive scale in Mississippi with major value add upside.
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Legacy MS Portfolio (6 properties, 1,165 units)
Legacy at Ashton Bay
63 Units
12450 Three Rivers Road
Gulfport, MS  39503
Closed: 7/19/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,165-unit Legacy Mississippi portfolio. This portfolio offers substantial value add upside as each asset trails its competitive set in effective rental rates. With quality physical plants in place, the next investor can initiate targeted interior upgrades to achieve rental premiums and boost exit value. Built between 1981-2007, the Legacy Mississippi portfolio presents an outstanding opportunity to immediately acquire massive scale in Mississippi with major value add upside.
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Legacy MS Portfolio (6 properties, 1,165 units)
Legacy at Gulf Pointe
208 Units
710 Lindh Road
Gulfport, MS  39507
Closed: 7/19/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 94-unit TimberChase apartment community located in Birmingham, AL. This asset is nestled in-between Downtown Birmingham and the affluent municipalities of Homewood and Vestavia Hills with close-proximity to all employment and community amenities in the Birmingham MSA. With a quality physical plant in place, the next investor can round out the interiors and initiate light exterior upgrades to push rents by $100+. Nearby properties have proven value add success on recently renovated units. Built in 1973, TimberChase offers an outstanding opportunity to invest in a well-located, performing asset with quick access to all of Birmingham’s top employment and recreational amenity centers.
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TimberChase
94 Units
925 Beacon Parkway East
Birmingham, AL  35209
Type:  Multifamily
Closed: 7/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,165-unit Legacy Mississippi portfolio. This portfolio offers substantial value add upside as each asset trails its competitive set in effective rental rates. With quality physical plants in place, the next investor can initiate targeted interior upgrades to achieve rental premiums and boost exit value. Built between 1981-2007, the Legacy Mississippi portfolio presents an outstanding opportunity to immediately acquire massive scale in Mississippi with major value add upside.
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Legacy MS Portfolio (6 properties, 1,165 units)
Legacy at Cypress Lakes
160 Units
1632 Grand Casino Pkwy
Robinsonville, MS  38664
Type:  Multifamily
Closed: 7/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,165-unit Legacy Mississippi portfolio. This portfolio offers substantial value add upside as each asset trails its competitive set in effective rental rates. With quality physical plants in place, the next investor can initiate targeted interior upgrades to achieve rental premiums and boost exit value. Built between 1981-2007, the Legacy Mississippi portfolio presents an outstanding opportunity to immediately acquire massive scale in Mississippi with major value add upside.
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Legacy MS Portfolio (6 properties, 1,165 units)
Legacy at River Pointe
152 Units
11594 Old Highway 61 North
Robinsonville, MS  38664
Closed: 7/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,165-unit Legacy Mississippi portfolio. This portfolio offers substantial value add upside as each asset trails its competitive set in effective rental rates. With quality physical plants in place, the next investor can initiate targeted interior upgrades to achieve rental premiums and boost exit value. Built between 1981-2007, the Legacy Mississippi portfolio presents an outstanding opportunity to immediately acquire massive scale in Mississippi with major value add upside.
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Legacy MS Portfolio (6 properties, 1,165 units)
Legacy at Westwind
230 Units
1800 Joy Circle
Horn Lake, MS  38637
Closed: 7/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villa Glen and Heritage Place, a 244-unit portfolio located in Birmingham, AL and Meridian, MS. Birmingham is an economic powerhouse and has experienced 34,000+ new jobs and $2.5B+ in capital investments over the past 3 years. Both assets are situated near the growing I-20/I-59 Corridor, two of the Southeast’s most travelled interstates. Built between 1968-2000, Villa Glen and Heritage Place represent an outstanding opportunity to invest in a cash-flowing portfolio with value add upside.
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Villa Glen & Heritage Place (2 properties, 244 units)
Heritage Place
128 Units
3830 Poplar Springs Dr
Meridian, MS  39305
Closed: 7/7/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villa Glen and Heritage Place, a 244-unit portfolio located in Birmingham, AL and Meridian, MS. Birmingham is an economic powerhouse and has experienced 34,000+ new jobs and $2.5B+ in capital investments over the past 3 years. Both assets are situated near the growing I-20/I-59 Corridor, two of the Southeast’s most travelled interstates. Built between 1968-2000, Villa Glen and Heritage Place represent an outstanding opportunity to invest in a cash-flowing portfolio with value add upside.
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Villa Glen & Heritage Place (2 properties, 244 units)
Villa Glen
116 Units
900 Division Street
Bessemer, AL  35020
Closed: 7/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile 148 Portfolio. Mobile is the Gulf Coast’s dominant corridor for shipping & aerospace, attracting key players such as Walmart, Amazon and Airbus (4,000+ new jobs). Comprised of 148 units across 3 properties, the Mobile 148 Portfolio arrives to market with heavy capital infusion, proven value add upside, and excellent leasing trends.
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Mobile 148 Portfolio (3 properties, 148 units)
Arbor Pointe
56 Units
100 Dairy Road
Mobile, AL  36612
Closed: 6/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 301-unit ARIUM Emerald Isle apartment community located in Fort Walton Beach, FL. This asset is well-located with close proximity to state ranked schools, and all of Ft. Walton’s primary economic drivers. The Ft. Walton Beach market has seen tremendous growth with 6%+ Avg. YoY rent growth since 2017 providing the next investor a solid base to initiate high-yield upgrades and boost rents $100-$175+. Built between 1989-1996, ARIUM Emerald Isle offers an outstanding opportunity to invest in an asset with walkability to quality retail and commercial properties and major value add upside.
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ARIUM Emerald Isle
301 Units
214 Racetrack Road
Fort Walton Beach, FL  32547
Type:  Multifamily
Closed: 6/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile 148 Portfolio. Mobile is the Gulf Coast’s dominant corridor for shipping & aerospace, attracting key players such as Walmart, Amazon and Airbus (4,000+ new jobs). Comprised of 148 units across 3 properties, the Mobile 148 Portfolio arrives to market with heavy capital infusion, proven value add upside, and excellent leasing trends.
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Mobile 148 Portfolio (3 properties, 148 units)
Bird's Nest
32 Units
2901 Pleasant Valley Rd
Mobile, AL  36066
Closed: 6/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Plantation apartment community located in Mobile, AL This asset is ideally situated in close proximity to two new major business developments - Amazon and Walmart (1,750+ jobs added last 3 years). Interstate 10 also offers outstanding access to the Mobile Aeroplex, home to Airbus and 2,000+ jobs. The property has averaged 97% occupancy over the last twelve months while steadily increasing total collections. Built in 1977, Plantation represents an outstanding opportunity to invest in a stable property with an excellent performance record in a well demanded market.
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Plantation
120 Units
5725 Old Pascagoula Rd
Mobile, AL  36619
Closed: 6/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile 148 Portfolio. Mobile is the Gulf Coast’s dominant corridor for shipping & aerospace, attracting key players such as Walmart, Amazon and Airbus (4,000+ new jobs). Comprised of 148 units across 3 properties, the Mobile 148 Portfolio arrives to market with heavy capital infusion, proven value add upside, and excellent leasing trends.
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Mobile 148 Portfolio (3 properties, 148 units)
The Retreat at Pleasant Valley
60 Units
2904 Pleasant Valley Rd
Mobile, AL  36606
Closed: 6/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Station at Town Madison, a 274-unit, 2020-built apartment community. The property is situated within the 563-acre Town Madison master development highlighted by Toyota Field, home to Huntsville’s new minor league baseball team. Huntsville has experienced 7.2% annualized apartment rent growth in Q1 2021, following 9.7% in 2020, and 6.0% in 2019. Delivered in March 2020, The Station at Town Madison is now 81% occupied / 88% leased with stabilization expected in April following a tremendous leasing season that averaged 29 units/month from June-Sep 2020. The property boasts unmatched amenities and finishes in the marketplace and has maintained excellent leasing velocity offering the next investor substantial value add upside by pushing 2nd generation leases
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The Station at Town Madison
274 Units
200 Town Madison Boulevard
Madison, AL  35758
Closed: 6/29/2021
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Barrington
342 Units
5775 Summer Place Parkway
Hoover, AL  35244
Type:  Multifamily
Closed: 6/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Valley Crest apartment community located in Birmingham, Alabama. The asset is nestled in-between Downtown Birmingham and affluent municipalities of Homewood and Vestavia Hills with 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 a proven value add strategy and 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:  Multifamily
Closed: 6/21/2021
Sold
Terrace Court
40 Units | 60 Beds
1124 20th Street South
Birmingham, AL  35205
Closed: 6/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of the 69-unit Rock Ridge Estates in Pensacola, FL. Rock Ridge is a 69-Unit Purpose-built Class A Build-for-Rent neighborhood, located 1.5 miles from Navy Federal Credit Union’s (NFCU) rapidly expanding campus that is ahead of schedule to employ 10,000+ by 2026. Arriving to market 100% occupied / 100% leased with excellent in-place rent growth trends, Rock Ridge is poised as a market leader in its asset class and will continue to benefit from explosive employment growth nearby. Completed in October 2020, Rock Ridge delivered the 1st top of the line BFR home community in Pensacola. With 69 individual homes featuring private, fenced yards, top-of-market interior amenities, garages, neighborhood signage and streets, Rock Ridge offers the next investor a quality BFR product with professional property management efficiencies. Given its proximity to major employers, high-quality residences and strong leasing trends, this high-demand asset offers an outstanding opportunity to acquire a unique asset in the burgeoning BFR market.
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Rock Ridge Estates
69 Units
9907 Cali Lane
Pensacola, FL  32526
Type:  Single-family
Closed: 6/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Park at Wakefield & Wellington, 408 units located in Hoover, AL, the highly desirable suburb of Birmingham. Birmingham, Alabama is experiencing significant momentum with 2019 being a record year for job creation followed by 30,000+ new jobs added since the start of the pandemic. Hoover is ranked the 4th best place to live in Alabama (Niche, 2020), boasting a highly ranked school system, affluent demographics ($106K average HHI 2-mile radius), and heavy barriers to entry for multifamily. Delivered in 1973, the property presents a rare opportunity to invest in a cash flowing, value add asset in a highly desirable submarket.
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The Park at Wakefield & Wellington
408 Units
861 Tyler Circle
Hoover, AL  35226
Closed: 5/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Legacy at River Run - 70 units situated in Wetumpka, AL, just north of the Alabama’s capitol city, Montgomery. Benefitting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create an additional 1,200 jobs to build a new light truck model in Montgomery. Wetumpka is expanding rapidly as it benefits from strong schools and proximity to quality employment opportunities. Built in 1976/2001, Legacy at River Run arrives to market 96% occupied with upward income trajectory and proven organic rent growth.
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Legacy at River Run
70 Units
35 Cherry Street
Wetumpka, AL  36092
Closed: 5/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,165-unit Legacy Mississippi portfolio. This portfolio offers substantial value add upside as each asset trails its competitive set in effective rental rates. With quality physical plants in place, the next investor can initiate targeted interior upgrades to achieve rental premiums and boost exit value. Built between 1981-2007, the Legacy Mississippi portfolio presents an outstanding opportunity to immediately acquire massive scale in Mississippi with major value add upside.
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Legacy MS Portfolio (6 properties, 1,165 units)
Legacy at Pecan Grove
352 Units
7320 Highway 161 North
Walls, MS  38680
Closed: 5/21/2021
Sold
The Fitzroy Chenal
294 Units
15401 Chenal Parkway
Little Rock, AR  72211
Closed: 5/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 296-unit Cottages of Fort Smith (72 Units) and Country Meadows (224 units) apartment communities located in the Fort Smith and Little Rock, AR MSAs. Well located within each respective submarket, Cottages of Fort Smith and Country Meadows arrive to market 95% occupied with strong trending collections and upward leasing momentum. Built in 2005 & 1998, each asset offers an outstanding opportunity to invest in a strong performing asset with a quality physical plant in place providing prime value add potential.
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Cottages of Fort Smith & Country Meadows (2 properties, 296 units)
Cottages of Fort Smith
72 Units
6100 South 66th St
Fort Smith, AR  72903
Closed: 5/20/2021