The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Jackson 560 Portfolio which consists of two assets in Jackson, MS’ best suburbs. The Gables (168 units) features above market rents in the highly sought-after suburb of Ridgeland which maintains “A” ranked schools and $90K+ incomes (5-mile radius). With 392 units, The Reserve of Byram presents the next investor the opportunity to own 44% of the Byram submarket. Each property benefits from quick access to Downtown Jackson and the MSA’s premiere retail pockets in East Jackson and the Madison/Ridgeland Corridor via I-55 and presents immediate opportunity to boost rents $100-$150 through value add campaigns. Built in 2003 & 2000/2006, the Jackson 560 Portfolio presents an outstanding opportunity to invest in value add assets with convenient access to jobs/retail. The assets can be purchased individually or as a portfolio.
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Jackson 560 Portfolio (2 properties, 560 units)
The Reserve of Byram
392 Units
350 Byram Drive
Byram, MS  39272
Closed: 12/23/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 780 units)
Brighton Park
200 Units
9000 Watson Boulevard
Byron, GA  31095
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 504-unit Arden Pointe apartment community located in Montgomery, AL. This asset is situated in the growing Midtown submarket offering unmatched access to both Downtown and booming East Montgomery. Built in 1974, Arden Pointe is perhaps the most well-located 70’s vintage asset in Montgomery. Boasting 504 units, there is immediate scale at the property to harness operational efficiencies with massive value add potential.
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Arden Pointe
504 Units
5600 Carmichael Road
Montgomery, AL  36117
Type: Conventional
Closed: 12/21/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Artisan Twickenham Square, 246 units in Huntsville, AL. The multifamily units can be purchased in conjunction with 56K+ SF of Publix-anchored retail in the adjoining development, including two ground floor spaces under the multifamily. The asset’s luxurious interiors, upscale amenities, and urban aesthetics cater to a markedly affluent profile, exemplified by an average household income of $130K+. Residents at the property benefit from immediate access to The Shops Twickenham Square which features boutique retail, eateries and the major grocery chain, Publix. The property sits just 2 blocks from Huntsville Hospital (9,000+ jobs), 1 block from Redstone Federal’s new 67K SF office building (400 jobs), and adjacent to the $250M Orthopedic and Spine Tower that will be completed in 2021. Built in 2014/2015, Artisan Twickenham Square has demonstrated impressive operational trends, providing new ownership a firm foundation for immediate growth in an irreplaceable location.
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Artisan Twickenham Square
246 Units
700 Dorothy Ford Lane
Huntsville, AL  35801
Type: Conventional
Closed: 12/18/2020
Sold
Evergreens at Mahan
412 Units
901 Riggins Road
Tallahassee, FL  32308
Type: Conventional
Closed: 12/16/2020
Sold
Tremont at 22
270 Units | 600 Beds
22 Campbell Scenic Drive
Hattiesburg, MS  29401
Type: Student
Closed: 12/16/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bridgewater - 334 units located in the rapidly expanding city of Huntsville, AL. Huntsville, arguably one of the hottest economic metros in the U.S., has added 14K+ jobs & $5B of capital investments since 2018. The asset is strategically positioned just north of Cummings Research Park (27K+ jobs) and Redstone Arsenal (40K+ jobs) and near high-end retail (Publix 0.5 miles). Constructed in 2008 with quality materials, Bridgewater is primed for a targeted value add campaign as it trails its competitive set by $175+. The asset is garnering heavy demand from the Huntsville rental market as it has remained 96% occupied with 8%+ effective rent growth over the past 12 months. Bridgewater offers the next investor a quality, well-located asset with market-backed value add upside and in-place organic rent growth.
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Bridgewater
334 Units
1501 Old Monrovia Road
Huntsville, AL  35806
Type: Conventional
Closed: 12/8/2020
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 the Lake
200 Units
1421 Stonehenge Road
Montgomery, AL  36117
Type: Conventional
Closed: 12/8/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 780 units)
Villas at Lawson Creek
202 Units
9159 Asheville Highway
Boiling Springs, SC  29316
Type: Conventional
Closed: 12/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 780 units)
The Lexington
190 Units
2620 Lejuene Drive
Biloxi, MS  39531
Type: Conventional
Closed: 12/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Legacy at Jones Farm. Completed in 2015, Phase I delivered 248 Class A units to the Jones Valley submarket of SE Huntsville, an area of picturesque mountain views, top quality retail, and easy access to Downtown’s job drivers just minutes away. Phase II subsequently delivered 173 units in 2019 rounding out the submarket’s most prized asset. This unique modern community is spread across more than 50 acres and offers top-of-market amenities in each phase. Huntsville has experienced 9.7% annualized apartment rent growth in Q1 2020 following 6.2% in 2018 and 7.9% in 2019. Given its premier location, top-of-market amenities, and ornate residences, this high-demand asset offers an outstanding opportunity to acquire scale within one of America’s most desirable investment locales.
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Legacy at Jones Farm
421 Units
1 Legacy Farm Drive
Huntsville, AL  35802
Type: Conventional
Closed: 12/1/2020
Sold
Village at Westland Cove
240 Units
9635 Westland Cove Way
Knoxville, TN  37922
Closed: 10/22/2020
Sold
AL 218 Portfolio (4 properties, 218 units)
Arlington Park
50 Units
135 Royal Drive
Madison, AL  35758
Closed: 10/20/2020
Sold
AL 218 Portfolio (4 properties, 218 units)
Plantation Garden
28 Units
1317 Sparknan Street NW
Hartselle, AL  35640
Closed: 10/20/2020
Sold
AL 218 Portfolio (4 properties, 218 units)
River Valley
56 Units
217 Cedar Lake Road SW
Decatur, AL  35603
Type: Affordable Housing
Closed: 10/20/2020
Sold
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
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: Conventional
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: Conventional
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: Conventional
Closed: 9/16/2020
Sold
Pensacola 495 (5 properties, 494 units)
Bayfront Apartments
86 Units
1200 Scenic Highway
Pensacola, FL  32503
Closed: 9/9/2020
Sold
Pensacola 495 (5 properties, 494 units)
Colony House
84 Units
800 Scenic Highway
Pensacola, FL  32503
Closed: 9/9/2020
Sold
Pensacola 495 (5 properties, 494 units)
Creekside I & II
216 Units
110 Creekside Court
Pensacola, FL  32514
Closed: 9/9/2020
Sold
Pensacola 495 (5 properties, 494 units)
Steeplechase
71 Units
7270 Hilburn Road
Pensacola, FL  32504
Closed: 9/9/2020