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
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)
Country Meadows
224 Units
909 Holmes Rd
Searcy, AR  72143
Closed: 5/13/2021
Sold
Village at the Gateway Phase 1b
110 Units
12506 Vimy Ridge Road
Alexander, AR  72202
Closed: 5/12/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the City Heights Homewood - 278 units located in the coveted Homewood submarket of Birmingham, AL. This asset maintains an outstanding location within one of Alabama’s Top 5 suburbs, Homewood, which maintains heavy restrictions on new multifamily development. Residents at the asset are afforded easy access to dense cores of quality jobs and upper end retail options. With renovation staging already completed, the next investor will be able to focus on expanding upon in-place value add initiatives.
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City Heights Homewood
278 Units
218 Olympia Drive
Homewood, AL  35209
Type:  Multifamily
Closed: 5/7/2021
Sold
Village at the Gateway Phase 2
54 Units
12506 Vimy Ridge Road
Alexander, AR  72202
Closed: 5/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Point at Fairview – 192 units located in Prattville, AL, a highly desirable suburb of Montgomery. Prattville has proven-out excellent economic progress in recent years as a result of its 55% population growth since 2000. Constructed in two phases, this brick and vinyl asset offers residents immediate access to Prattville’s top-ranked public schools, major employers (Maxwell Air Force Base, Hyundai Manufacturing Corp, International Paper, and James Hardie’s new $220M plant) and to the city’s major retail corridor. Current ownership is achieving up to $85 premiums on upgraded units with room for further upgrades. The Point at Fairview offers the next investor a cash flowing asset with the opportunity to capture additional income through the expansion of in place value-add initiatives.
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The Point at Fairview
192 Units
669 Covered Bridge Parkway
Prattville, AL  36066
Type:  Multifamily
Closed: 4/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Brighton
232 Units
2634 East Lake Boulevard
Robinsonville, MS  38664
Type:  Multifamily
Closed: 4/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit Mountain Ranch apartment community located in Fayetteville, AR, home to the University of Arkansas and its 32,000+ combined jobs and students. This asset is situated in the booming NW Arkansas MSA, world headquarters to Walmart, and four other Fortune 500 companies. Built in 2009, Mountain Ranch offers an outstanding opportunity to invest in a value add asset in a rapidly growing market.
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Mountain Ranch
360 Units
549 N Coral Canyon Loop
Fayetteville, AR  72704
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Serenity at Huntsville - 231 units located in the rapidly expanding city of Huntsville, AL. Huntsville has experienced 6% annualized apartment rent growth in Q2 2020 following 6.2% in 2018 and 7.9% in 2019. The asset is ideally situated in the South Huntsville corridor, an area of picturesque mountain views, top quality retail, and easy access to Downtown’s job drivers just minutes away. Constructed in 1963/74 with quality materials, the property is primed for a major repositioning as it trails its competitive set by $250+. Serenity at Huntsville offers the next investor a quality, well-located asset with significant value add upside.
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Serenity at Huntsville
231 Units
2022 Golf Road
Huntsville, AL  35802
Type:  Multifamily
Closed: 4/19/2021
Sold
Timber Ridge
320 Units
6700 Wall Street
Mobile, AL  36695
Type:  Multifamily
Closed: 4/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Bellingham
152 Units
5001 Galaxy Way NW
Huntsville, AL  35816
Type:  Multifamily
Closed: 4/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Summerhill
223 Units
4515 Bonnell Drive
Huntsville, AL  35816
Type:  Multifamily
Closed: 4/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of the 353-unit The Ridge at Hamilton Crossing apartments in Maryville, TN, submarket of the Knoxville MSA. Located adjacent to one of Maryville’s largest retail districts, Hamilton Crossing, The Ridge at Hamilton Crossing’s central location offers unmatched access to both premier retail and local jobs. As the submarket’s newest and only true Class A asset, The Ridge at Hamilton Crossing is poised to benefit from Knoxville’s largest recent employment announcements, its highly underserved and appealing submarket fundamentals, and an opportunity to acquire one of the newest stabilized assets in the area.
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The Ridge at Hamilton Crossing
353 Units
100 Hamilton Drive
Maryville, TN  37801
Type:  Multifamily
Closed: 3/31/2021
Sold
Haven
220 Units
2600 Waterford Place
Hoover, AL  35244
Type:  Multifamily
Closed: 3/30/2021
Sold
High River
176 Units
1900 Rice Mine Road
Tuscaloosa, AL  35406
Type:  Multifamily
Closed: 3/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Ashburn
184 Units
671 Westgate Pkwy
Dothan, AL  36303
Type:  Multifamily
Closed: 3/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Arlington – 97 units located in Jackson, Hinds County, MS. This well demanded asset sits approximately 8 miles north of the capital city of Downtown Jackson. Maintaining excellent visibility, signage and direct frontage off Ridgewood Rd, The Arlington offers residents quick access to all of Jackson’s primary economic drivers. The asset arrives to market highly occupied with strong cash flows, and double digit yields in year 1. Originally constructed in 1972, The Arlington presents the opportunity to acquire an upward-trending asset with strong cash flows in a high visibility location.
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The Arlington
97 Units
5845 Ridgewood Road
Jackson, MS  39211
Type:  Multifamily
Closed: 3/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Arlington
188 Units
30 Grosslake Parkway
Covington, GA  30016
Type:  Multifamily
Closed: 2/18/2021
Sold
Towne Park at Har-Ber
237 Units
257 Arborside Rd
Springdale, AR  72762
Closed: 2/11/2021