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Park West
278 Units
1663 Hillcrest Road
Mobile, AL  36695
Type:  Multifamily
Closed: 7/1/2022
Sold
Seleno at Bridge Street
244 Units
6854 Governors West NW
Huntsville, AL  35806
Closed: 6/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of SFR 59 Portfolio, a 59-home SFR portfolio located in the Birmingham, AL MSA. The SFR 59 Portfolio, comprised of 59 Single Family Rental Homes located within 8 existing retail communities, offers an ultra-rare opportunity to acquire scale in the Birmingham market from a prominent local developer. The majority of homes were built within the last 5 years and are strategically located in high-growth suburban markets: Irondale, Trussville, Lakeshore, and Gardendale. These neighborhoods have experienced retail value growth from 5-10% YOY since construction, and in-place rents remain $200-$500 below nearby comps. Demand for SFR assets has steadily increased over the last decade as renters increasingly prefer home-like living without the burden of home ownership, and single-family rentals have emerged as one of the most attractive asset classes to both institutional and private investors.
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SFR 49 Portfolio (6 properties, 49 units)
5th Avenue - Irondale
10 Units
2219 5th Avenue South
Irondale, AL  35210
Type:  Single-family
Closed: 6/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of SFR 59 Portfolio, a 59-home SFR portfolio located in the Birmingham, AL MSA. The SFR 59 Portfolio, comprised of 59 Single Family Rental Homes located within 8 existing retail communities, offers an ultra-rare opportunity to acquire scale in the Birmingham market from a prominent local developer. The majority of homes were built within the last 5 years and are strategically located in high-growth suburban markets: Irondale, Trussville, Lakeshore, and Gardendale. These neighborhoods have experienced retail value growth from 5-10% YOY since construction, and in-place rents remain $200-$500 below nearby comps. Demand for SFR assets has steadily increased over the last decade as renters increasingly prefer home-like living without the burden of home ownership, and single-family rentals have emerged as one of the most attractive asset classes to both institutional and private investors.
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SFR 49 Portfolio (6 properties, 49 units)
Brooks Crossing
9 Units
3207 Chase Court
Trussville, AL  35235
Closed: 6/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 84-unit, 336-bed Huntsville Place student housing apartment community located in Huntsville, AL. This asset is situated less than one-mile northwest of the University of Alabama in Huntsville (9.5K+ students), 1.1 miles directly south of Oakwood University (1,500 students) and roughly 10 minutes away from downtown Huntsville, AL. UAH is consistently ranked as one of the best colleges in salary potential for recent graduates. The purpose-built student housing asset was completed in 2008 and is the only standalone asset of its kind that also offers large 4BD/4BA floorplans. The asset is in a market with 8% avg. rent growth since the first quarter of 2019. Boasting exceptional performance in a top investment market, Huntsville Place represents an outstanding opportunity to invest in a high-performing student asset in one of the top multifamily markets in the U.S.
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Huntsville Place
84 Units | 336 Beds
4955 Century Street NW
Huntsville, AL  35816-1973
Type:  Multifamily
Closed: 6/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of SFR 59 Portfolio, a 59-home SFR portfolio located in the Birmingham, AL MSA. The SFR 59 Portfolio, comprised of 59 Single Family Rental Homes located within 8 existing retail communities, offers an ultra-rare opportunity to acquire scale in the Birmingham market from a prominent local developer. The majority of homes were built within the last 5 years and are strategically located in high-growth suburban markets: Irondale, Trussville, Lakeshore, and Gardendale. These neighborhoods have experienced retail value growth from 5-10% YOY since construction, and in-place rents remain $200-$500 below nearby comps. Demand for SFR assets has steadily increased over the last decade as renters increasingly prefer home-like living without the burden of home ownership, and single-family rentals have emerged as one of the most attractive asset classes to both institutional and private investors.
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SFR 49 Portfolio (6 properties, 49 units)
Montevallo Park
3 Units
2987 Montevallo Park Road
Irondale, AL  35210
Closed: 6/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of SFR 59 Portfolio, a 59-home SFR portfolio located in the Birmingham, AL MSA. The SFR 59 Portfolio, comprised of 59 Single Family Rental Homes located within 8 existing retail communities, offers an ultra-rare opportunity to acquire scale in the Birmingham market from a prominent local developer. The majority of homes were built within the last 5 years and are strategically located in high-growth suburban markets: Irondale, Trussville, Lakeshore, and Gardendale. These neighborhoods have experienced retail value growth from 5-10% YOY since construction, and in-place rents remain $200-$500 below nearby comps. Demand for SFR assets has steadily increased over the last decade as renters increasingly prefer home-like living without the burden of home ownership, and single-family rentals have emerged as one of the most attractive asset classes to both institutional and private investors.
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SFR 49 Portfolio (6 properties, 49 units)
Odum Road Neighborhood
1 Units
415 Odum Road
Gardendale, AL  35071
Closed: 6/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of SFR 59 Portfolio, a 59-home SFR portfolio located in the Birmingham, AL MSA. The SFR 59 Portfolio, comprised of 59 Single Family Rental Homes located within 8 existing retail communities, offers an ultra-rare opportunity to acquire scale in the Birmingham market from a prominent local developer. The majority of homes were built within the last 5 years and are strategically located in high-growth suburban markets: Irondale, Trussville, Lakeshore, and Gardendale. These neighborhoods have experienced retail value growth from 5-10% YOY since construction, and in-place rents remain $200-$500 below nearby comps. Demand for SFR assets has steadily increased over the last decade as renters increasingly prefer home-like living without the burden of home ownership, and single-family rentals have emerged as one of the most attractive asset classes to both institutional and private investors.
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SFR 49 Portfolio (6 properties, 49 units)
Oxmoor Village Neighborhood
11 Units
2745 Village Place
Birmingham, AL  35211
Closed: 6/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of SFR 59 Portfolio, a 59-home SFR portfolio located in the Birmingham, AL MSA. The SFR 59 Portfolio, comprised of 59 Single Family Rental Homes located within 8 existing retail communities, offers an ultra-rare opportunity to acquire scale in the Birmingham market from a prominent local developer. The majority of homes were built within the last 5 years and are strategically located in high-growth suburban markets: Irondale, Trussville, Lakeshore, and Gardendale. These neighborhoods have experienced retail value growth from 5-10% YOY since construction, and in-place rents remain $200-$500 below nearby comps. Demand for SFR assets has steadily increased over the last decade as renters increasingly prefer home-like living without the burden of home ownership, and single-family rentals have emerged as one of the most attractive asset classes to both institutional and private investors.
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SFR 49 Portfolio (6 properties, 49 units)
Woodridge Neighborhood
15 Units
1360 Woodridge Place
Gardendale, AL  35071
Closed: 6/23/2022
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Paces at the Estates
270 Units
1150 Academy Drive
Opelika, AL  36801
Closed: 6/22/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Park on 23rd, 98 units located in Pell City, Alabama (Birmingham MSA) which has the nation’s second lowest unemployment rate according to the Wall Street Journal and 60K+ jobs added since April 2020. The asset is situated 0.5 miles off of I-20 and only a mile from downtown Pell City, a rapidly growing submarket in the Birmingham MSA with YoY rent growth of 12%+ during 2021.This asset’s location puts it 15 minutes from the Honda vehicle assembly plant in Lincoln, AL (4,500+ jobs). Built in 1992, The Park at 23rd represents an outstanding opportunity to invest in a cash flowing asset with strong submarket fundamentals.
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The Park on 23rd
98 Units
1103 23rd Street N
Pell City, AL  35125
Closed: 6/17/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Covington Park & Southbrook Gardens apartment communities located in Jackson, Hinds County, MS. The assets are well located right next to each other with quick access to Downtown Jackson and the MSA’s premiere retail pockets via I-55. Located within a supply constrained submarket with strong rent growth, each asset offers an immediate opportunity to initiate an interior value add program and push rents $75 while remaining in LIHTC compliance. Built in 1975 & 2006, Covington Park & Southbrook Gardens offer an outstanding opportunity to invest in up trending, well-located LIHTC assets.
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Covington Park & Southbrook Gardens (2 properties, 256 units)
Southbrook Gardens
100 Units
345 Daniel Lake Blvd
Jackson, MS  39212
Closed: 6/13/2022
Sold
Dothan 262 Portfolio (5 properties, 262 units)
Chateau
32 Units
1308 Sioux Street
Dothan, AL  36303
Type:  Multifamily
Closed: 6/9/2022
Sold
Highland Lakes
224 Units
1908 Briarwood Street
Prattville, AL  36067
Closed: 6/9/2022
Sold
Dothan 262 Portfolio (5 properties, 262 units)
Rock Creek
100 Units
1304 Cornell Avenue
Dothan, AL  36303
Type:  Multifamily
Closed: 6/9/2022
Sold
Dothan 262 Portfolio (5 properties, 262 units)
Summer Tree
72 Units
560 Fortner Street
Dothan, AL  36301
Closed: 6/9/2022
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Dothan 262 Portfolio (5 properties, 262 units)
The Gardens
27 Units
314 Virginia Drive
Dothan, AL  36301
Type:  Multifamily
Closed: 6/9/2022
Sold
Dothan 262 Portfolio (5 properties, 262 units)
Virginia Terrace
31 Units
107 Virginia Drive
Dothan, AL  36301
Type:  Multifamily
Closed: 6/9/2022
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)
Colony Woods
414 Units
2000 Colony Park Drive
Birmingham, AL  35243
Type:  Multifamily
Closed: 5/24/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 169-unit The Willows apartment community located in the highly sought-after Hoover suburb of Birmingham, AL. Hoover features state-ranked schools (#5) and heavily restricts new multifamily developments. This asset offers an outstanding location for tenants as it is minutes from 10,000+ jobs and 5.5M square feet of quality retail amenities. Built in 1973, The Willows represents an outstanding opportunity to invest in a value add asset in a booming submarket.
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The Willows
169 Units
3565 Lorna Road
Hoover, AL  35216
Type:  Multifamily
Closed: 5/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 40-unit Robertsdale Village apartment community located in Robertsdale, AL. The asset is well-located in Baldwin County, the 7th fastest growing county in the US and 1st in the state. Originally built as a LIHTC community, Robertsdale Village has completed the QC period and is currently in the 3-year decontrol period, allowing the next investor to begin converting to market-rate and bridging a $400+ rent gap to nearby comps. Built in 1996 with quality brick construction, Robertsdale Village offers an outstanding opportunity to invest in a quality, value add asset poised to generate higher returns amidst Baldwin County’s continued growth.
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Robertsdale Village
40 Units
22625 Mattingly Street
Robertsdale, AL  36567
Closed: 4/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 287-unit Camelot apartment community located in Jackson, Mississippi. The asset is situated in west Jackson with close proximity to interstates 220 and 20 with easy access to the entire Jackson MSA (296K+ jobs). The property recently delivered 44 units that were previously down thus offering new ownership the opportunity to boost NRI $300K+ via stabilization. Offered at a very attractive basis, Camelot represents a great opportunity to acquire a well-positioned asset with value-add upside.
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Camelot
287 Units
2840 Robinson Road
Jackson, MS  39209
Type:  Multifamily
Closed: 4/20/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Estelle, a 280-unit, 2021-built apartment community located in Birmingham, AL. The property is situated in Midtown Birmingham which has experienced 34% rent growth among class A & B properties in the last 5 years, offers residents quick and convenient access to Samford University (5,729 students), the University of Alabama at Birmingham (UAB) and its 45K+ combined jobs and students, and the top Hospitals and employment drivers in the MSA. Estelle is now 96%+ occupied following a tremendous leasing season that averaged 53 units/month velocity from May-August 2021. The property boasts unmatched amenities and finishes in the marketplace and has maintained excellent rental growth throughout lease-up offering the next investor substantial value add upside by pushing 2nd generation leases.
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Estelle
280 Units
100 Wildwood Court
Birmingham, AL  35209
Type:  Multifamily
Closed: 4/18/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit City Heights Hoover apartment community located in the highly desirable Hoover suburb in Birmingham, AL. Hoover features state ranked schools (#5) and heavily restricts new multifamily developments. The asset offers an outstanding location for tenants as it is minutes from 10,000+ jobs and 5.5M square feet of quality retail amenities. Built in 1975 and trailing its comparable set by $200+ in effective rents, City Heights Hoover presents the next investor the opportunity to inject fresh capital into the property and substantially boost rents.
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City Heights Hoover
160 Units
2071 Alpine Village
Birmingham, AL  35216
Type:  Multifamily
Closed: 4/14/2022