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 on Valley Creek
104 Units
1012 33rd Street SW
Birmingham, AL  35221
Type:  Multifamily
Closed: 11/20/2019
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Hillwood
118 Units
1 Gatsby Drive
Montgomery, AL  36106
Type:  Multifamily
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.
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Olympus Chenal Valley
216 Units
16401 Chenal Valley Drive
Little Rock, AR  72223
Closed: 11/1/2019
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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.
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Serenity Birmingham Portfolio (3 properties, 308 units)
Serenity at Fairfield
64 Units
6702 Forest Drive
Fairfield, AL  35064
Type:  Multifamily
Closed: 10/31/2019
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Arch Street
267 Units
100 Arch Street Place
Madison, AL  35758
Type:  Multifamily
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.
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Legacy at Summerchase
152 Units
100 McQueen Smith Road S
Prattville, AL  36067
Type:  Multifamily
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.
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Family Place
154 Units
3600 Michael Boulevard
Mobile, AL  36609
Type:  Multifamily
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.
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Magnolia Preserve
173 Units
101 Magnolia Ridge Place
Dothan, AL  36303
Type:  Multifamily
Closed: 9/27/2019
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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.
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Willow Point
440 Units
759 Glencross Drive
Jackson, MS  39206
Type:  Multifamily
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.
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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.
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Fern Parc
343 Units
4100 S. Memorial Parkway
Huntsville, AL  35802
Type:  Multifamily
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.
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Ashley at Breakfast Point
360 Units
9700 Panama City Beach Pkwy
Panama City Beach, FL  32407
Type:  Multifamily
Closed: 8/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Pavilion, an 88-unit apartment community located in Hanceville, Cullman County, AL. The city of Cullman has consistently been highly-ranked with regards to business expansion/retention, quality of life, and education. This asset features solid collections figures, excellent historical occupancy, and room to push rents and revenue via value add. Built in 1994, The Pavilion represents an outstanding opportunity to invest in a high-growth asset within a limited supply submarket.
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The Pavilion
88 Units
401 College Drive NE
Hanceville, AL  35077
Closed: 8/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, Florida. This asset is situated along US-98, a high-traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Pensacola is benefiting from the upcoming Navy Federal Credit Union corporate campus expansion (5,000 jobs, $1.2B new investment). Built in 1997 and showing powerful leasing trends, Crystal Lake offers an outstanding opportunity to invest in an asset boasting proven value add potential within a constrained multifamily market.
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Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Closed: 8/23/2019
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Dogwood Park
52 Units
138 Perry Road
Grenada, MS  38901
Closed: 8/15/2019
Sold
Windsor Park
279 Units
5425 Clinton Boulevard
Jackson, MS  39209
Type:  Multifamily
Closed: 8/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of PROSPER Hattiesburg - 304 units located in Hattiesburg, MS, which ranks #1 for job growth state-wide. Optimally situated in the thriving Westside corridor of Hattiesburg, PROSPER Hattiesburg is near major employment drivers, diverse retail options, and the University of Southern Mississippi. Current ownership has successfully tested value add viability on 152 units at the subject, now garnering up to $120 premiums. With an excellent location and proven value add potential, PROSPER Hattiesburg is primed for further value creation through continued upgrade initiatives.
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PROSPER Hattiesburg
304 Units
200 Foxgate Avenue
Hattiesburg, MS  39402
Type:  Multifamily
Closed: 8/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Elevate Grande Pointe - 180 units in Daphne, AL. Situated along the desirable Eastern Shore of Mobile, the subject enjoys an affluent resident profile and close proximity to quality retail and employment. Since acquisition, current ownership has invested $1.8M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to completely round out the community. Built in 1984 (renovated 2018), Elevate Grande Pointe offers an excellent opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.
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Elevate Grande Pointe
180 Units
133 Lake Front Drive
Daphne, AL  36526
Type:  Multifamily
Closed: 7/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Sage Partners Real Estate Solutions are pleased to present the exclusive listing for the 462-unit Chenal Valley Portfolio located in Little Rock, Arkansas. The 2 assets, Carrington Park and Stonebridge at the Ranch, are situated in the highly desirable Chenal Valley section of northwest Little Rock. Built between 1999-2005 and poised to utilize economies of scale, the properties present an outstanding opportunity to invest in value add assets in a highly attractive submarket.
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Chenal Valley Portfolio (2 properties, 462 units)
Carrington Park
202 Units
1801 Champlin Drive
Little Rock, AR  72223
Type:  Multifamily
Closed: 7/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Sage Partners Real Estate Solutions are pleased to present the exclusive listing for the 462-unit Chenal Valley Portfolio located in Little Rock, Arkansas. The 2 assets, Carrington Park and Stonebridge at the Ranch, are situated in the highly desirable Chenal Valley section of northwest Little Rock. Built between 1999-2005 and poised to utilize economies of scale, the properties present an outstanding opportunity to invest in value add assets in a highly attractive submarket.
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Chenal Valley Portfolio (2 properties, 462 units)
Stonebridge at the Ranch
260 Units
1 Stonebridge Circle
Little Rock, AR  72223
Closed: 7/19/2019
Sold
Highland Hills
453 Units
20 North Hill Parkway
Jackson, MS  39206
Closed: 6/28/2019