The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Oak Tree, a 55-unit, 2023-built build-to-rent community located in the high-growth Chelsea suburb of Birmingham, AL. This asset is well-positioned in the rapidly expanding city of Chelsea, which was recently recognized as the 3rd fastest growing city in Alabama, as well as the fastest growing city within the Birmingham MSA. The Birmingham MSA has shown tremendous performance in the SFR/BTR space, boasting 7.6% rental growth so far in 2023, ranking fourth in the entire country amongst all major metro areas. Built in 2023, Oak Tree is fully delivered and offers a top-of-the-line quality product built by the nation’s largest home builder, poised in a high growth suburban corridor less than a 30-minute drive from the Birmingham central business district (35K+ Jobs).
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Oak Tree
55 Units
1000 Oak Tree Blvd
Chelsea, AL  35043
Type:  Multifamily
Closed: 6/24/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Timber Leaf, a newly delivered 92-unit Build-to-Rent (BTR) community located in the low-supply, high-growth Bessemer submarket of the Birmingham AL MSA. Timber Leaf is well-positioned just minutes away from some of the metro’s biggest upcoming economic developments, most notably the upcoming $400M UAB Medical West Hospital development which delivers in 2024 (1,000+ jobs) and the upcoming $1.1 Billion Smucker’s facility which delivers in 2025 (750+ jobs). The Bessemer submarket has captured a big chunk of the metro’s job growth especially in the industrial space. Fully delivered in 2023, Timber Leaf offers an outstanding unit mix of 3-5BR detached single family homes with large floorplans (2,017 avg SF) and brick/hardi exteriors. The asset benefits from being the only BTR asset in an under-supplied submarket, which has experienced 5%+ rent growth YOY for the last 5 years. Timber Leaf arrives to market with a strong lease up (73% pre-leased occupancy) and embedded organic rent growth for the next investor.
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Timber Leaf
92 Units
5636 Timber Leaf Loop
Bessemer, AL  35022
Closed: 6/10/2024
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North Alabama 6 Portfolio (6 properties, 384 units)
Briarwood
72 Units
2501 Briarwood Ave
Fort Payne, AL  35967
Closed: 5/17/2024
Sold
North Alabama 6 Portfolio (6 properties, 384 units)
Chateau
32 Units
403 S 6th St
Gadsden, AL  35901
Closed: 5/17/2024
Sold
North Alabama 6 Portfolio (6 properties, 384 units)
Dogwood Trace
72 Units
164 Christopher Street
Rainbow City, AL  35906
Closed: 5/17/2024
Sold
North Alabama 6 Portfolio (6 properties, 384 units)
Orleans
72 Units
129 Llene St
Rainbow City, AL  35906
Closed: 5/17/2024
Sold
North Alabama 6 Portfolio (6 properties, 384 units)
Park Place
48 Units
1266 N Main St
Boaz, AL  35957
Closed: 5/17/2024
Sold
North Alabama 6 Portfolio (6 properties, 384 units)
St. Christopher
88 Units
207 Christopher Street
Rainbow City, AL  35906
Closed: 5/17/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit Hillcrest Village apartment community located in Springdale, AR. Hillcrest Village is attractively situated just west of the I-49 corridor, walking distance from Arvest Ballpark, home to the AA affiliate of the Kansas City Royals, The Northwest Arkansas Naturals. Springdale rests in the heart of the booming NW Arkansas MSA, which is home to 3 Fortune 500 Companies – Walmart, JB Hunt and Tyson Foods. Tyson’s headquarters sits just 2 miles NE of the property, supplying 3,000+ corporate jobs and is 1 of the 3 top US poultry producers located in the city. Hillcrest Village is also uniquely positioned within the fast-growing NW Arkansas healthcare hub with Arkansas Blue Cross/Blue Shield, Arkansas Children’s Hospital NW, Highlands Oncology and Mercy Health all within a 5-minute commute. Still under development, Hillcrest Village offers an outstanding opportunity to invest in a well-located and highly desirable BTR product in one of fastest growing markets in the nation.
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Hillcrest Village
157 Units
2958 Cornell Dr
Springdale, AR  72762
Closed: 4/18/2024
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Bay Vista
98 Units
29100 North Street
Daphne, AL  36526
Type:  Multifamily
Closed: 4/17/2024
The Cushman & Wakefield Student Housing Team, in conjunction with the Cushman & Wakefield Multifamily Advisory Group, is pleased to present the exclusive listing of The Edge at Donaghey, a 120-unit, 432-bed apartment community located adjacent to the University of Central Arkansas (UCA). Built in 2013, The Edge is the only purpose-built student asset in the market catering to UCA. This opportunity allows investors to acquire the only true Class A student community significantly below replacement costs with the ability to achieve immediate returns.
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Edge at Donaghey
120 Units | 432 Beds
530 S Donaghey Avenue
Conway, AR  72034
Closed: 4/10/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Kipling, a 118-unit Built-To-Rent (BTR) community located in Baldwin County (Foley), AL. Kipling arrives to market as one of the region’s premier single family, detached BTR communities in Baldwin County. The asset is located in the rapidly expanding Foley submarket, recently ranked the highest-growth pocket in Baldwin County. With pristine beaches less than 12 minutes away ($5B+ economic impact) and retail-attractions within a short drive, Kipling offers residents a desirable, single-family suburban lifestyle.

Fully delivered in 2023, the community features a desirable unit mix of 3-5 BR detached homes averaging 1,777 SF, attached garages, private fenced yards & top-of-the-line technology packages. Lease-up performance is strong as average loss-to-lease is less than 1%. Submarket rent growth has averaged 5%+ annually since 2017 while occupancy remains at 95%. Kipling offers new ownership an outstanding opportunity to acquire a sizeable BTR asset in AL’s fastest growing county.

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Kipling
118 Units
7959 Mandalay
Foley, AL  36535
Type:  Multifamily
Closed: 3/22/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.
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The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type:  Land
Closed: 3/15/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit The Preserve apartment community in Branson, MO. Branson is located 40 minutes from Springfield hosting 9M tourists annually and crested 10M for the first time in 2021 demonstrating its resiliency as an entertainment destination. Arriving to market with a 98% average T12 occupancy and a fixed all-in 2.65% Interest Rate until 2061, The Preserve is an opportunity to capitalize on in-place trends and increase rents to market via unit interior renovations + recognize LTL created from recent market rent increases.
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The Preserve
184 Units
164 Preserve Drive
Branson, MO  65616
Closed: 2/29/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Marbella, a 96-unit, 2021-built apartment community located in the highly sought after and rapidly growing Baldwin County. Marbella offers residents a beach-style living experience with close proximity to all of Gulf Shores’ lifestyle Amenities. The area is home to some of the nicest beaches in the U.S. which continue to drive strong population and rent growth (8.9% YoY since 2021). Since the beginning of 2022, Marbella has organically pushed rents 15.5%+ on renewals and new leases and arrives to market 95.8% occupied. The Baldwin County market has benefitted tremendously due to the lack of new competitive supply with no units being built between 2009 and 2019. In addition, Baldwin County is the 4th fastest growing small metropolitan area in the U.S. with the Gulf Shores area growing by 73% since 2010 providing further growth for assets such as Marbella. Built in 2021, Marbella represents an outstanding opportunity to invest in a high performing asset with attractive assumable HUD loan in the highly sought after and rapidly growing Baldwin County.
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Marbella
96 Units
1910 East 1st Street
Gulf Shores, AL  36542
Closed: 2/21/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Trails at Alabaster, a 200-unit apartment community located in the Alabaster municipality of Birmingham, AL. The asset is extremely well-positioned along the I-65 corridor in a supply-constrained submarket (less than 650 units delivered to the area since 2000) where rents are growing exponentially due to the lack of inventory. Trails at Alabaster offers an outstanding location for residents as it is minutes from 10,000+ quality jobs, state-ranked schools, and Class A retail space. The property is coming off an $1mm+ exterior renovation making the buyer the beneficiary of a quality physical plant and refreshed property look. Built in 1977/1986, Trails at Alabaster offers an opportunity to invest in a quality asset with excellent performance trends and additional upside remaining for new ownership.
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Trails at Alabaster
200 Units
1740 Woodbrook Trail
Alabaster, AL  35007
Type:  Multifamily
Closed: 1/30/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, an 86-unit, 2023-constructed Build-to-Rent (BTR) community located in the thriving and undersupplied Pace submarket. Boracay Cove’s strategic location in the Pensacola market offers residents convenient access throughout the area via US-90 & Interstate-10. The asset is located less than 2 miles away from many major retailers such as Target and Publix. As well as being a top submarket of Pensacola, Pace has experienced 7%+ YoY population growth. Fully delivered in 2023, Boracay Cove offers a rare unit mix of 4 & 5 BR detached single family homes with large floorplans (1,741 avg SF). Lease up performance is outstanding as Boracay Cove has experienced an average of 20 leases per month in May/June. Boracay Cove offers new ownership an outstanding opportunity to acquire a rare high-performing BTR asset.
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Boracay Cove
86 Units
4765 Malay Circle
Pace, FL  32571
Type:  Multifamily
Closed: 12/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present Jennings Place, a 237-unit, class A, build-to-rent community in Pensacola FL, built by the nation’s largest builder, D.R. Horton. Jennings Place is located in Pensacola, ranked the #3 emerging multifamily market in the US. The asset is 1.5 miles from Navy Federal Credit Union’s (NFCU) $1B+ campus that is ahead of schedule to employ 10,000+ by 2026, and directly across from OLF-8, a 630-acre master plan initiative. The BTR community features 100% attached garage, private, fenced yards, top-of-market interior amenities, and smart technology packages. The proximity of NFCU’s expanding campus, the OLF-8 initiative, favorable leasing trends (19 new move-ins since the start of 2023 as of 2/13/2023), and high resident median HHI ($121K+) combine to make Jennings Place an outstanding opportunity to acquire a top of market BTR asset in a nationally ranked emerging market. The property was fully delivered in the last quarter of 2022, and is currently going through lease-up, with Ph. I currently occupied at 74%.
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Jennings Place
237 Units
5799 Frank Reeder Rd
Pensacola, FL  32526
Closed: 9/28/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, 86 units located in Pace, FL, and Monarch Place, 137 units in Pensacola, FL. These newly constructed build-to-rent (BTR) communities are located in two high growth suburbs of the Pensacola MSA (7% annual rent growth since 2018). Each asset is within minutes of thoroughfares (I-10, I-110 & US-90) thus providing residents convenient accessibility throughout the metro. Bolstered by limited rental supply of 4BR+ units and favorable submarket fundamentals, both assets arrive to market with outstanding lease-up trends (30+ combined move ins per month). Constructed in 2023, Boracay Cove and Monarch Place offer new ownership an outstanding opportunity to acquire strategically located, high performing BTR assets in high growth emerging markets.
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Boracay Cove & Monarch Place (2 properties, 223 units)
Monarch Place
137 Units
420 Monarch Lane
Pensacola, FL  32503
Type:  Multifamily
Closed: 9/28/2023
The Sunbelt Multifamily Advisory Group of Cushman & Wakefield and Greystone are pleased to present the exclusive listing of Legend Park, 360-units in Lawton, OK. The premier property is near major thoroughfares, Lawton's largest employers, including Fort Sill (16,500 military troops and 7,000 civilian jobs), top retailers, and outdoor recreation. Built in 2010, this exceptional asset comes with attractive assumable debt in place, favorable unit mix, premium amenities, and a value-add program that can boost rents $50-100. Legend Park offers an outstanding opportunity to invest in a high performing asset with true value add potential.
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Legend Park
360 Units
3501 E Gore Boulevard
Lawton, OK  73501
Closed: 9/21/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Summer Place apartment community. The asset is situated in the rapidly expanding West Mobile submarket, which has experienced 14% rent growth over the past two years and 95% average occupancy. Located minutes away from Airport Blvd and Interstate-65, the asset offers residents convenient access to all of Mobile’s economic job drivers, retail amenities and recreational activities. Built in 1975, Summer Place offers new ownership an outstanding opportunity to invest in a market backed value-add asset offered at an extremely attractive basis with significant operational upside.
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Summer Place
152 Units
557 Azalea Road
Mobile, AL  36609
Type:  Multifamily
Closed: 8/22/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Country Meadows community located in the Little Rock, AR MSA. This asset is situated NE of Little Rock in Searcy, AR with a top ranked public school system and two universities (9,000+ students) within 20 minutes of the property. Country Meadows comes with attractive assumable debt in place, a quality physical plant, and an interior value add program which can boost rents $150. Built in 1998, Country Meadows offers an outstanding opportunity to invest in a high performing asset with true value add potential.
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Country Meadows
224 Units
909 Holmes Rd
Searcy, AR  72143
Closed: 8/3/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fitzroy Grove, a 250-unit, 2021-built apartment community located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart Inc, the nation's largest retailer, which is currently constructing new Walmart Global Headquarters, as well as two other fortune 500 companies, each within a 15-mile radius. The property offers the next investor unmatched amenities and finish levels in the marketplace and maintains excellent rental growth throughout lease-up providing substantial value add upside by pushing 2nd generation leases.
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The Fitzroy Grove
250 Units
2901 S 26th Pl
Rogers, AR  72758
Type:  Multifamily
Closed: 7/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Uptown Terrace, a 260-unit, 2021-built apartment community with 28,075 SF of commercial space located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart, which is currently constructing its new Global Headquarters, as well as 2 other fortune 500 companies, each within a 15-mile radius. Uptown Terrace is now 95%+ occupied following a tremendous leasing season that averaged 26+ units/month velocity from January 2022- May 2022. The property offers the next investor unmatched amenities and finishes in the marketplace and has maintained excellent rental growth throughout lease-up offering substantial value add upside by pushing 2nd generation leases.
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Uptown Terrace
260 Units
4600 S Pinnacle Hills Pkwy
Rogers, AR  72758
Closed: 7/27/2023