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Admiral Pointe & Westwood Landing (2 properties, 228 units)
Admiral Pointe
132 Units
100 Redwood Circle
Pensacola, FL  32506
Type:  Multifamily
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
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Southside Panhandle Portfolio (4 properties, 302 units)
Callaway Bay
60 Units
1406 S Berthe Avenue
Panama City, FL  32404
Closed: 12/22/2021
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Southside Panhandle Portfolio (4 properties, 302 units)
Sound View
84 Units
1100 Pippin Drive
Mary Esther, FL  32569
Closed: 12/22/2021
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Southside Panhandle Portfolio (4 properties, 302 units)
The Cove
78 Units
119 Monahan Drive
Fort Walton Beach, FL  32547
Closed: 12/22/2021
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Admiral Pointe & Westwood Landing (2 properties, 228 units)
Westwood Landing
96 Units
1665 Dogwood Drive
Pensacola, FL  32505
Type:  Multifamily
Closed: 12/22/2021
Sold
Summer Place & Summertree (2 properties, 304 units)
Summer Place
152 Units
557 Azalea Road
Mobile, AL  36609
Type:  Multifamily
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:  Multifamily
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:  Multifamily
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:  Multifamily
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:  Multifamily
Closed: 12/14/2021
Sold
Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
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:  Multifamily
Closed: 11/30/2021
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)
Covington Park
156 Units
100 Covington Park Drive
Jackson, MS  39212
Closed: 11/17/2021
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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Sold
Alabama 858 Portfolio (2 properties, 858 units)
Woodside
240 Units
5089 Government Boulevard
Mobile, AL  36693
Type:  Multifamily
Closed: 11/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Emerald Lakes located in Ocean Springs, MS, and The Village at Hickory Street located in Foley, AL. Each property is a newly delivered, 2021-built BTR asset built by the nation’s largest homebuilder. Arriving to market with excellent in-place rent growth trends (20%+ organic growth), each asset is poised as a market leader in its asset class and will continue to benefit as 1st generation leases turn over at higher rates with no concessions. Each asset boasts exceptional avg. household incomes ($110K+) and is comprised of detached homes featuring attached garages, private fenced in backyards, & premiere unit features offering residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place leasing trends, high-quality residences, Emerald Lakes & Village at Hickory Street present an outstanding opportunity to acquire the only BTR assets in each market. Emerald Lakes and Village at Hickory Street can be purchased individually or together.
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Emerald Lakes & The Village at Hickory Street (2 properties, 226 units)
Emerald Lakes
106 Units
1504 Emerald Lake Drive
Ocean Springs, MS  39564
Type:  Single-family
Closed: 10/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Emerald Lakes located in Ocean Springs, MS, and The Village at Hickory Street located in Foley, AL. Each property is a newly delivered, 2021-built BTR asset built by the nation’s largest homebuilder. Arriving to market with excellent in-place rent growth trends (20%+ organic growth), each asset is poised as a market leader in its asset class and will continue to benefit as 1st generation leases turn over at higher rates with no concessions. Each asset boasts exceptional avg. household incomes ($110K+) and is comprised of detached homes featuring attached garages, private fenced in backyards, & premiere unit features offering residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place leasing trends, high-quality residences, Emerald Lakes & Village at Hickory Street present an outstanding opportunity to acquire the only BTR assets in each market. Emerald Lakes and Village at Hickory Street can be purchased individually or together.
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Emerald Lakes & The Village at Hickory Street (2 properties, 226 units)
The Village at Hickory Street
120 Units
904 Shagbark Rd
Foley, AL  36535
Type:  Single-family
Closed: 10/29/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 512-unit Montgomery Midtown Portfolio located in the desirable East submarket of Montgomery, Alabama. The 2 assets, Arbor Station and Stratford Village, offer direct connectivity to Downtown and Midtown. 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. Arbor Station and Stratford Village are surrounded by some of the metro’s primary job/retail cores, such as AUM, Baptist Health, and The Shoppes at Eastchase. With heavy, in-place capital infusion and strong locations, the Montgomery Midtown Portfolio is in a prime position for growth for the next investor.
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Montgomery Midtown Portfolio (2 properties, 512 units)
Arbor Station
288 Units
2495 Meadow Ridge Lane
Montgomery, AL  36117
Type:  Multifamily
Closed: 10/27/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 512-unit Montgomery Midtown Portfolio located in the desirable East submarket of Montgomery, Alabama. The 2 assets, Arbor Station and Stratford Village, offer direct connectivity to Downtown and Midtown. 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. Arbor Station and Stratford Village are surrounded by some of the metro’s primary job/retail cores, such as AUM, Baptist Health, and The Shoppes at Eastchase. With heavy, in-place capital infusion and strong locations, the Montgomery Midtown Portfolio is in a prime position for growth for the next investor.
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Montgomery Midtown Portfolio (2 properties, 512 units)
Stratford Village
224 Units
2000 London Town Lane
Montgomery, AL  36117
Type:  Multifamily
Closed: 10/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 468-unit Riverchase Landing apartment community located in the highly desirable 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 1984-92, Riverchase Landing presents a rare opportunity to invest in a cash-flowing asset that has an in-place value add campaign (up to $250 premiums) that can be expanded upon, creating significant room for revenue growth for the next investor.
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Riverchase Landing
468 Units
200 River Haven Circle
Hoover, AL  35244
Type:  Multifamily
Closed: 10/26/2021
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The Alexandria
258 Units
1028 Balch Road
Madison, AL  35758
Closed: 10/25/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Meridian at the Port, a 267-unit, 2019-built apartment community located in Mobile, AL. The asset’s luxurious interiors, upscale amenities, and urban aesthetics cater to a markedly affluent profile, exemplified by an average household income of $90K. The asset affords residents luxury finishes with modernized use of space while maintaining walkability to quality dining, shopping, and entertainment options. Built in 2019, Meridian at the Port has demonstrated impressive operational trends, providing new ownership a firm foundation for immediate growth in an irreplaceable location.
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Meridian at the Port
267 Units
300 Water Street
Mobile, AL  36602
Closed: 10/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Edgewater Crossings, a 266-unit, 2014-built apartment community located along Florida’s Gulf Coast. Edgewater Crossings offers residents a "beach-style" living experience with close proximity to all of Panama City Beach’s lifestyle amenities. The area is home to some of the nicest beaches in the U.S. which continues to drive strong population and rent growth, respectively. Built in 2014, Edgewater Crossings represents an outstanding opportunity to invest in an institutional quality asset with extraordinary cash flow in the desirable Panama City Beach submarket.
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Edgewater Crossings
266 Units
204 Potters Bluff Drive
Panama City Beach, FL  32408
Type:  Multifamily
Closed: 10/13/2021