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Displaying results 73-96 of 352
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bessemer Place, 136 units located in the Bessemer suburb of Birmingham, AL. Originally developed as a LIHTC asset, Bessemer Place has gone through its QC Period and is now in the process of converting to a conventional community. The next investor will enjoy both organic upside by upgrading the tenant base and value add upside by upgrading interior units. Bessemer is a rapidly expanding submarket and has become a bullseye destination for job growth, with several key job announcements including Amazon (1,500+ jobs), FedEx (285+ jobs), Mercedes-Benz (950+ jobs), Lowe’s (200+jobs) and Carvana (300+ jobs).
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Bessemer Place
136 Units
600 Flint Hill Road
Bessemer, AL  35022
Type: LIHTC
Closed: 2/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,545-unit Gulf States 7 Portfolio spanning two different markets in Alabama and Mississippi. Comprised of 1,545 units, the Gulf States 7 Portfolio offers immediate scale throughout the Southeast, the nationwide leader in both rent and population growth. With 1,545 total units primed for value add upgrades, the next investor can add $2.5M+ to bottom-line NOI through interior value add. Built between 1972-1987, the Gulf States 7 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Gulf States 7 Portfolio (8 properties, 1,951 units)
Corner Stone
226 Units
2637 The Meadows
Montgomery, AL  36116
Closed: 2/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Grande Pointe – 181 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. Located in Baldwin County, Grande Pointe belongs to the 7th fastest growing county in the US. The asset’s interior, exterior, and community amenity areas have been heavily capitalized in recent years – creating in-place organic rent growth and space for the next investor to completely round out the community. Built in 1984 (renovated 2018-2021), 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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Grande Pointe
181 Units
133 Lake Front Drive
Daphne, AL  36526
Type: Conventional
Closed: 1/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the 342-unit Portofino apartment community located in Mobile, AL. The asset was purchased in 2017 and subsequently received $11.9M of CAPEX to principally deliver a brand-new asset. The Mobile MSA has experienced significant wins in recent years with large projects initiated by Walmart, Amazon and Airbus which are providing for job growth and heavy capital expenditures. Built in 1973 and 100% revitalized, Portofino offers an outstanding opportunity to invest in a cash-flowing asset that is poised to generate strong returns through second generation leases.
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Portofino
342 Units
3907 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Closed: 1/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the 620-unit Montgomery 4 Portfolio located in Montgomery, AL. 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. Targeted capital has improved the physical plant and helped boost collections across the portfolio. Built between 1971-1974 the Montgomery 4 portfolio offers an outstanding opportunity to invest well-maintained assets with major value add potential.
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Montgomery 4 Portfolio (4 properties, 620 units)
Woodley Gardens
152 Units
3639 Woodley Road
Montgomery, AL  36116
Type: Conventional
Closed: 1/25/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the 620-unit Montgomery 4 Portfolio located in Montgomery, AL. 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. Targeted capital has improved the physical plant and helped boost collections across the portfolio. Built between 1971-1974 the Montgomery 4 portfolio offers an outstanding opportunity to invest well-maintained assets with major value add potential.
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Montgomery 4 Portfolio (4 properties, 620 units)
Woodley Oaks
104 Units
3731 Woodley Rd
Montgomery, AL  36116
Closed: 1/25/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the 620-unit Montgomery 4 Portfolio located in Montgomery, AL. 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. Targeted capital has improved the physical plant and helped boost collections across the portfolio. Built between 1971-1974 the Montgomery 4 portfolio offers an outstanding opportunity to invest well-maintained assets with major value add potential.
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Montgomery 4 Portfolio (4 properties, 620 units)
Woodley Terrace
120 Units
3923 Woodley Road
Montgomery, AL  36116
Closed: 1/25/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Grande View apartment community located in Biloxi, Mississippi. This asset is located between Beach Blvd and Pass Rd which offers access to two major employment centers in Gulfport and Biloxi (59K+ total jobs). Built in 2003 and well-amenitized, the asset boasts exceptional performance trends (22.8% avg. growth on leases). In addition to the property's desirable offerings, Grande View lies within one mile of over 1.3 million square feet of retail and across the street from the Biloxi beaches thus providing for a top-of-market position. Arriving to market 96% occupied, the asset offers next ownership a rare opportunity to acquire a well-performing asset with value-add upside in a highly sought-after micro location (95%+ sub-market occupancy).
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Grande View
240 Units
151 Grande View Drive
Biloxi, MS  39531
Type: Conventional
Closed: 12/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Station at Clift Farm, a 315-unit, 2021-built apartment community located in one of the top growth markets in the country, Huntsville, AL. Delivering its first units in June 2021 with over 35 leases signed each month in the 1st 2 months of leasing, The Station at Clift Farm offers the most upscale and sought-after finishes, amenities and features in the region. The asset is nestled in the Clift Farm development which provides future residents unmatched walkability to retail while maintaining superb connectivity to the area’s major job cores. The property will also feature a top-of-the-line technology package that is only offered at the nation’s most prestigious assets. The Station at Clift Farm offers the next investor a Class A+ asset in one of the hottest markets in the country.
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The Station at Clift Farm
315 Units
165 John Thomas Drive
Madison, AL  35758
Closed: 12/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,545-unit Gulf States 7 Portfolio spanning two different markets in Alabama and Mississippi. Comprised of 1,545 units, the Gulf States 7 Portfolio offers immediate scale throughout the Southeast, the nationwide leader in both rent and population growth. With 1,545 total units primed for value add upgrades, the next investor can add $2.5M+ to bottom-line NOI through interior value add. Built between 1972-1987, the Gulf States 7 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Gulf States 7 Portfolio (8 properties, 1,951 units)
Van Mark
300 Units
6811 Old Canton Road
Ridgeland, MS  39157
Closed: 12/30/2021
Sold
Admiral Pointe & Westwood Landing (2 properties, 228 units)
Admiral Pointe
132 Units
100 Redwood Circle
Pensacola, FL  32506
Type: Conventional
Closed: 12/22/2021
Sold
Southside Panhandle Portfolio (4 properties, 302 units)
Briarwood
80 Units
2203 Beck Avenue
Panama City, FL  32405
Closed: 12/22/2021
Sold
Southside Panhandle Portfolio (4 properties, 302 units)
Callaway Bay
60 Units
1406 S Berthe Avenue
Panama City, FL  32404
Closed: 12/22/2021
Sold
Southside Panhandle Portfolio (4 properties, 302 units)
Sound View
84 Units
1100 Pippin Drive
Mary Esther, FL  32569
Closed: 12/22/2021
Sold
Southside Panhandle Portfolio (4 properties, 302 units)
The Cove
78 Units
119 Monahan Drive
Ft. Walton Beach, FL  32547
Closed: 12/22/2021
Sold
Admiral Pointe & Westwood Landing (2 properties, 228 units)
Westwood Landing
96 Units
1665 Dogwood Drive
Pensacola, FL  32505
Type: Conventional
Closed: 12/22/2021
Sold
Summer Place & Summertree (2 properties, 304 units)
Summer Place
152 Units
557 Azalea Road
Mobile, AL  36609
Type: Conventional
Closed: 12/17/2021
Sold
Summer Place & Summertree (2 properties, 304 units)
Summertree
152 Units
608 Azalea Rd
Mobile, AL  36609
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 858-unit Alabama 858 Portfolio spanning two different booming markets in Alabama. Comprised of almost 1,000 units, the Alabama 858 Portfolio offers immediate scale in the Sunbelt, the nationwide leader in both rent and population growth. With 858 total units primed for value add upgrades, the next investor can add $1.1M+ to bottom-line NOI through interior value add. Built between 2008-2012, the Alabama 858 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Alabama 858 Portfolio (2 properties, 858 units)
Apartments at the Venue
618 Units
1001 Lake Placid Loop
Valley, AL  36854
Type: Conventional
Closed: 12/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 429-unit Lakeshore Ridge and 192-unit Oaks of St. Clair apartment communities located in the Birmingham, AL MSA. The Birmingham MSA has added 50,000+ jobs since April 2020 and is ranked #2 in the US for the lowest unemployment contributing to explosive rent growth in each submarket. Each property arrives to market 99% occupied and lag comparable properties by $115-$300+ in effective rents, but current ownership has seen significant rental increases (8%-12%+), even before any upgrades. Built between 2002-2017 Lakeshore Ridge and The Oaks of St. Clair offer a rare opportunity to invest in high-performing, cash-flowing assets that have major market-backed value add potential that will create significant room for revenue growth and boost exit value for the next investor. Subject properties are offered as a portfolio and on an individual basis as a fee simple sale or recap opportunity.
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Lakeshore Ridge & The Oaks of St. Clair (2 properties, 621 units)
Lakeshore Ridge I & II
429 Units
1700 Lakeshore Ridge
Birmingham, AL  35211
Type: Conventional
Closed: 12/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 429-unit Lakeshore Ridge and 192-unit Oaks of St. Clair apartment communities located in the Birmingham, AL MSA. The Birmingham MSA has added 50,000+ jobs since April 2020 and is ranked #2 in the US for the lowest unemployment contributing to explosive rent growth in each submarket. Each property arrives to market 99% occupied and lag comparable properties by $115-$300+ in effective rents, but current ownership has seen significant rental increases (8%-12%+), even before any upgrades. Built between 2002-2017 Lakeshore Ridge and The Oaks of St. Clair offer a rare opportunity to invest in high-performing, cash-flowing assets that have major market-backed value add potential that will create significant room for revenue growth and boost exit value for the next investor. Subject properties are offered as a portfolio and on an individual basis as a fee simple sale or recap opportunity.
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Lakeshore Ridge & The Oaks of St. Clair (2 properties, 621 units)
The Oaks of St. Clair
192 Units
5050 Oaks of St. Clair Circle
Moody, AL  35004
Type: Conventional
Closed: 12/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Grayton on Dean apartment community located in Auburn, AL. This asset is situated in the heart of the Auburn-Opelika MSA with close proximity to Opelika Road allowing convenient access to Auburn University, the state’s #1 ranked collegiate institution as well as premiere retail destinations and other economic drivers. Following a full $3.8M+ renovation the property arrives to market 100% pre-leased with exceptional rent growth (13%+ on new leases) with further room to push rents on 2nd generation leases. Built in 1964, 1984, and 1986, Grayton on Dean offers an outstanding opportunity to invest in a newly renovated property with exceptional rent and income growth trends.
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Grayton on Dean
240 Units
420 North Dean Road
Auburn, AL  36830
Type: Conventional
Closed: 12/14/2021
Sold
Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
Type: Build for Rent
Closed: 12/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Central Park a 384-unit apartment community located in Montgomery, AL. The asset is situated in the highly sought-after Midtown submarket of east Montgomery with easy access to downtown via I-85 (1 mile). 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. Built in 2000, Central Park offers an outstanding opportunity to invest in a cash-flowing asset with significant value add upside.
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Central Park
384 Units
2400 Central Parkway
Montgomery, AL  36106
Type: Conventional
Closed: 11/30/2021
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