The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Cahaba Brook and Cahaba Park - 54 units across two assets located in the affluent communities of Vestavia Hills and Homewood, ranked #4 and #2 of Alabama’s top suburbs, respectively. Birmingham’s most desirable municipalities of Vestavia Hills, Homewood and Mountain Brook maintain heavy multifamily restrictions, with only 5 assets constructed in these areas since 2000. Residents at the subjects are afforded easy access to dense cores of quality jobs, upper echelon retail options and state-ranked school systems. Built in 1991 and 1954, and heavily capitalized over the past 4 years, Cahaba Brook and Cahaba Park represent the opportunity to acquire well-demanded assets with ample space for the next investor to implement a "2.0" renovation program and create outstanding exit value.
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Cahaba Brook & Cahaba Park (2 properties, 54 units)
Cahaba Brook
20 Units
3252 Bearden Court
Vestavia Hills, AL  35243
Closed: 3/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Chaney Place apartment community located in the rapidly expanding city of Huntsville, AL. Huntsville’s economy has added over 12K jobs and $5B of capital investments since the start of 2018 and is one of the top-ranked investment markets in the entire U.S. Notably, Huntsville now has the #1 most technical workforce in the country with nearly 17% of the workforce in a STEM related field earning $95k+ average salaries. Chaney Place features a class "A" home-like experience with 100% ground floor entry townhomes, massive 1,350 SF average floor plans and highly desirable amenities. Delivered between 2008-2015, Chaney Place represents the rare opportunity to acquire an attractive, cash flowing asset within the premier Huntsville investment space.
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Chaney Place
80 Units
1060 Chaney Place Dr
Huntsville, AL  35803
Closed: 3/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Arlington Park - 252 units located in Mobile, Alabama. The subject is situated in the affluent West Mobile submarket, just south of Airport Boulevard, with $100K+ HH incomes and state-ranked schools. The immediate area is home to key economic drivers such as Providence Hospital (1,540 jobs), University of South Alabama (16,440+ students), Mobile Regional Airport, and over 1.5 million square feet of quality retail within a 2-mile radius. Constructed in 2001, Arlington Park offers the investor quality product well below replacement cost with excellent in-place cash flow that is primed for a full-scale value add campaign.
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Arlington Park
252 Units
7070 Grelot Road
Mobile, AL  36695
Type: Conventional
Closed: 2/26/2020
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Retreat at Panama City Beach
360 Units
90 Sandal Lane
Panama City Beach, FL  32413
Type: Conventional
Closed: 1/31/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Trails at Cahaba River - 400 units located in Birmingham, AL. This asset is desirably situated along the thriving US-280 Corridor, one of the metro’s high growth areas with nearly 10M SF of top-tier retail and office space. Embedded near quality employment opportunities and upscale amenities, the community attracts a high quality resident profile. Current ownership has invested over $6.6M in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to initiate next-level upgrades. Built in 1987/1988, The Trails at Cahaba River offers the investor an outstanding opportunity to acquire a cash-flowing asset with proven value add upside far below replacement cost.
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The Trails at Cahaba River
400 Units
801 Cahaba Forest Cove
Birmingham, AL  35242
Type: Conventional
Closed: 1/29/2020
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Place at Galleria
150 Units
1 Hampton Place
Hoover, AL  35216
Type: Conventional
Closed: 12/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Georgetown Crossing
168 Units
1015 King George Boulevard
Savannah, GA  31419
Type: Conventional
Closed: 12/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Paces Brook
260 Units
113 Paces Brook Avenue
Columbia, SC  29212
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Palladian at Daphne - 120 units located within the affluent Daphne municipality of Mobile, Alabama. Baldwin County, the fastest growing county in the state, has garnered 53% population growth since 2000 and boasts a median HH income nearly 25% greater than the statewide statistic. Situated along the desirable Eastern Shore of Mobile, Palladian at Daphne enjoys an affluent resident profile and close proximity to quality retail and employment. The subject asset features massive, 1,800 SF average floor plans with 100% attached garages and ground floor entry, providing residents with "home style" living at a low cost per foot. Constructed in 2017, Palladian at Daphne offers the investor a newly delivered asset producing strong, stable cash flow in an A+ Daphne location.
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Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Retreat at Schillinger
270 Units
1313 Schillinger Road South
Mobile, AL  36695
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Sandstones - 172 units located in Pensacola, FL. The subject maintains a convenient location with close proximity to Hwy-98, a high-traffic thoroughfare which runs along the Gulf Coast of FL. Sandstones is centralized amongst major economic drivers that are contributing towards explosive financial growth for the region. Pensacola is benefiting from the upcoming Navy Federal Credit Union corporate campus expansion (5,000 jobs, $1.2B new investment). Built in 1966/1973 and strategically positioned along Hwy-98, Sandstones presents the opportunity to acquire a cash-flowing asset with market-backed value add upside.
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Sandstones
172 Units
190 N Old Corry Field Road
Pensacola, FL  32507
Type: Conventional
Closed: 12/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 12-unit Shady Oaks apartment community located in the desirable Midtown submarket of Montgomery, Alabama. The asset offers direct connectivity to Downtown and Eastchase. Benefiting from a strong manufacturing economy, the metro has garnered more than $1 Billion of capital investments and 7,000+ jobs over the past three years. Shady Oaks is surrounded by some of the metro’s primary job/retail cores, such as AUM, Baptist Health, and The Shoppes at Eastchase. With value add potential in a desirable submarket, Shady Oaks is in a prime position for growth for the next investor.
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Shady Oaks
12 Units
545 Eastdale Road South
Montgomery, AL  36117
Closed: 12/13/2019
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Maplewood
54 Units
315 College Drive
Hanceville, AL  35077
Closed: 12/9/2019
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The Kenzie
213 Units
4501 Old Caldwell Mill Road
Birmingham, AL  35242
Type: Conventional
Closed: 12/4/2019
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 on Valley Creek
104 Units
1012 33rd Street SW
Birmingham, AL  35221
Type: Conventional
Closed: 11/20/2019
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Hillwood
118 Units
1 Gatsby Drive
Montgomery, AL  36106
Type: Conventional
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: Conventional
Closed: 10/31/2019
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Arch Street
267 Units
100 Arch Street Place
Huntsville, AL  35758
Type: Conventional
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: Conventional
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: Conventional
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: Conventional
Closed: 9/27/2019
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: Conventional
Closed: 9/23/2019