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Village at Westland Cove
240 Units
9635 Westland Cove Way
Knoxville, TN  37922
Closed: 10/22/2020
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AL 218 Portfolio (4 properties, 218 units)
Arlington Park
50 Units
135 Royal Drive
Madison, AL  35758
Closed: 10/20/2020
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AL 218 Portfolio (4 properties, 218 units)
Plantation Garden
28 Units
1317 Sparknan Street NW
Hartselle, AL  35640
Closed: 10/20/2020
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AL 218 Portfolio (4 properties, 218 units)
River Valley
56 Units
217 Cedar Lake Road SW
Decatur, AL  35603
Closed: 10/20/2020
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AL 218 Portfolio (4 properties, 218 units)
Windscape
84 Units
2220 Windscape Drive
Athens, AL  35611
Closed: 10/20/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Inverness, a 208-unit apartment community located in Tuscaloosa, Alabama. This asset is situated in the growing Tuscaloosa submarket, which has attracted 2,700+ future jobs over the next 2 years and is grounded on two expanding pillars of The University of Alabama and the Mercedez-Benz plant. Inverness is arguably the most unique community in the area, the only property to offer home-like design and attached garages. Built in 1996, Inverness also boasts 54 renovated units ($75-$125 premiums) and the next investor can push this even further via targeted exterior enhancements. With a proven value add strategy and the most unique physical plant in "T-Town", Inverness has the potential to become a top-of-market asset.
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Inverness
208 Units
8816 Old Greensboro Road
Tuscaloosa, AL  35405
Type:  Multifamily
Closed: 10/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Legacy 384 portfolio, consisting of 384 units across two well-located assets in Montgomery, AL. Benefiting 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 1,200 additional jobs to build a new light truck model in Montgomery. With proven rent premiums ($100) on renovated units, targeted capital can round out the existing value add program and improve the physical plants at each property to boost exit value. Built in 1977 & 1996, the Legacy 384 portfolio offers an outstanding opportunity to invest in two well-located assets with major value add potential. The assets can be purchased as a portfolio, or individually.
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Legacy 384 Portfolio (2 properties, 384 units)
Legacy at Festival
184 Units
500 Festival Place
Montgomery, AL  36117
Type:  Multifamily
Closed: 10/7/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 431-unit Ascent at Jones Valley apartment community located in Huntsville, AL, arguably one of the hottest metros in the entire U.S, which has added over 12K jobs and $5B of capital investments since the start of 2018. This asset is situated in the rapidly-expanding Jones Valley corridor of Southeast Huntsville, with $110K+ avg. household incomes, direct access to top schools, retail, and other amenities close by. Built in 1978, Ascent at Jones Valley offers an outstanding opportunity to invest in a proven value-add asset in a top-5 U.S. market for rent growth.
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Ascent at Jones Valley
431 Units
1225 Willowbrook Drive
Huntsville, AL  35802
Type:  Multifamily
Closed: 9/18/2020
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.
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Serenity Birmingham Portfolio (3 properties, 308 units)
Serenity at Sterling
140 Units
107 Sterling Court NW
Birmingham, AL  35215
Type:  Multifamily
Closed: 9/16/2020
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Pensacola 495 (5 properties, 494 units)
Bayfront Apartments
86 Units
1200 Scenic Highway
Pensacola, FL  32503
Closed: 9/9/2020
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Pensacola 495 (5 properties, 494 units)
Colony House
84 Units
800 Scenic Highway
Pensacola, FL  32503
Closed: 9/9/2020
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Pensacola 495 (5 properties, 494 units)
Creekside I & II
216 Units
110 Creekside Court
Pensacola, FL  32514
Closed: 9/9/2020
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Pensacola 495 (5 properties, 494 units)
Steeplechase
71 Units
7270 Hilburn Road
Pensacola, FL  32504
Closed: 9/9/2020
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Pensacola 495 (5 properties, 494 units)
The Oaks
37 Units
4435 Marlane Court
Pensacola, FL  32526
Closed: 9/9/2020
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 Townhomes
192 Units
4930 Park Towne Way
Montgomery, AL  36116
Type:  Multifamily
Closed: 9/3/2020
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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:  Multifamily
Closed: 9/1/2020
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Capital Park at 72 West
233 Units
6941 US Highway 72
Huntsville, AL  35806
Type:  Multifamily
Closed: 8/28/2020
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Summerchase at Riverchase
240 Units
100 Summerchase Drive
Hoover, AL  35244
Closed: 8/27/2020
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Serenity at Bell Oaks
98 Units
3160 Bell Oaks Circle
Montgomery, AL  36116
Closed: 8/14/2020
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The Park at Deerfield
320 Units
3627 Cedarbrook Drive
Hoover, AL  35216
Type:  Multifamily
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
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Prattville at Highland Lakes
224 Units
1908 Briarwood Street
Prattville, AL  36067
Closed: 6/23/2020