The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 1,327-unit Mobile Midtown Portfolio located in Mobile, Mobile County, AL. The portfolio is comprised of three of the city’s largest assets: Estates at Lafayette Square, Pine Bend & The Hamptons, and Bel Air. These properties are centered in Mobile’s affluent Midtown district, which boasts the MSA’s highest density of quality retail amenities and extreme proximity to Downtown and the Port of Mobile. Built in the 1970’s, The Mobile Midtown Portfolio offers a rare opportunity to place a considerable amount of capital into well-maintained REIT assets with proven upgrade potential.
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Mobile Midtown Portfolio (3 properties, 1,327 units)
Pine Bend & The Hamptons
452 Units
1030 Montlimar Drive
Mobile, AL  36609
Closed: 7/12/2017
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Pinnacle Park at Chenal Valley
216 Units
16401 Chenal Valley Drive
Little Rock, AR  72223
Closed: 7/13/2022
Sold
Place at Galleria
150 Units
1 Hampton Place
Hoover, AL  35216
Type:  Multifamily
Closed: 12/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Galleria 3 Portfolio, an 825-unit value add portfolio centralized in the desirable Hoover municipality of Birmingham, Alabama. The portfolio is comprised of three communities: The Park at Galleria (431 units), The Place at Galleria (150 units), and The Renaissance at Galleria (244 units). Hoover is ranked the 4th best place to live in Alabama (Niche, 2018), boasting a state ranked school system, affluent demographics, and heavy barriers to entry for multifamily. The municipality also offers access to over 10,000 jobs and 2.8 million square feet of quality retail, along with a healthy pipeline of new economic development. Delivered between 1972 and 2002, The Galleria 3 Portfolio offers proven value add upside and heavy operational upside, both of which can create massive cash flow for the next investor.
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Galleria 3 Portfolio (3 properties, 825 units)
Place at Galleria (ICG 3)
150 Units
1 Hampton Place
Hoover, AL  35216
Type:  Multifamily
Closed: 2/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Plantation apartment community located in Mobile, Mobile County, Alabama. This asset is ideally situated in close proximity to Interstate 10, offering outstanding access to the Mobile Aeroplex and major business developments from Amazon and Walmart (1,500+ total jobs coming). Built in 1977, Plantation represents an outstanding opportunity to invest in a very stable property in a well demanded market.
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Plantation
120 Units
5725 Old Pascagoula Rd
Mobile, AL  36619
Closed: 1/12/2018
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Plantation apartment community located in Mobile, AL This asset is ideally situated in close proximity to two new major business developments - Amazon and Walmart (1,750+ jobs added last 3 years). Interstate 10 also offers outstanding access to the Mobile Aeroplex, home to Airbus and 2,000+ jobs. The property has averaged 97% occupancy over the last twelve months while steadily increasing total collections. Built in 1977, Plantation represents an outstanding opportunity to invest in a stable property with an excellent performance record in a well demanded market.
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Plantation
120 Units
5725 Old Pascagoula Rd
Mobile, AL  36619
Closed: 6/30/2021
Sold
AL 218 Portfolio (4 properties, 218 units)
Plantation Garden
28 Units
1317 Sparknan Street NW
Hartselle, AL  35640
Closed: 10/20/2020
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:  Multifamily
Closed: 1/31/2022
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
Post House Jackson
150 Units
26 Rachel Drive
Jackson, TN  38305
Type:  Multifamily
Closed: 4/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
Post House North
145 Units
26 Revere Circle
Jackson, TN  38305
Type:  Multifamily
Closed: 4/3/2019
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Prattville at Highland Lakes
224 Units
1908 Briarwood Street
Prattville, AL  36067
Closed: 6/23/2020
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President's Gate
257 Units
922 Lawndale Road
Tupelo, MS  38801
Closed: 3/16/2017
Sold
Priceville Manor
24 Units
3058 N Bethel Rd
Decatur, AL  35603
Closed: 1/12/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of PROSPER Hattiesburg - 304 units located in Hattiesburg, MS, which ranks #1 for job growth state-wide. Optimally situated in the thriving Westside corridor of Hattiesburg, PROSPER Hattiesburg is near major employment drivers, diverse retail options, and the University of Southern Mississippi. Current ownership has successfully tested value add viability on 152 units at the subject, now garnering up to $120 premiums. With an excellent location and proven value add potential, PROSPER Hattiesburg is primed for further value creation through continued upgrade initiatives.
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PROSPER Hattiesburg
304 Units
200 Foxgate Avenue
Hattiesburg, MS  39402
Type:  Multifamily
Closed: 8/2/2019
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Gates 4 Portfolio (4 properties, 876 units)
Regency Gates
216 Units
5700 Grelot Road
Mobile, AL  36609
Type:  Multifamily
Closed: 3/31/2022
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Galleria 3 Portfolio, an 825-unit value add portfolio centralized in the desirable Hoover municipality of Birmingham, Alabama. The portfolio is comprised of three communities: The Park at Galleria (431 units), The Place at Galleria (150 units), and The Renaissance at Galleria (244 units). Hoover is ranked the 4th best place to live in Alabama (Niche, 2018), boasting a state ranked school system, affluent demographics, and heavy barriers to entry for multifamily. The municipality also offers access to over 10,000 jobs and 2.8 million square feet of quality retail, along with a healthy pipeline of new economic development. Delivered between 1972 and 2002, The Galleria 3 Portfolio offers proven value add upside and heavy operational upside, both of which can create massive cash flow for the next investor.
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Galleria 3 Portfolio (3 properties, 825 units)
Renaissance at Galleria
244 Units
3800 Galleria Woods Drive
Hoover, AL  35244
Type:  Multifamily
Closed: 2/28/2019
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Retreat at Panama City Beach
360 Units
90 Sandal Lane
Panama City Beach, FL  32413
Type:  Multifamily
Closed: 1/31/2020
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:  Multifamily
Closed: 12/19/2019
Sold
Ridge at Crestwood
344 Units
7716 Sunrise Circle
Birmingham, AL  35210
Closed: 11/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 137-unit Ridgeland Ranch apartment community, located in the heavily sought-after Ridgeland suburb of Jackson, Mississippi. Ridgeland is currently ranked the 2nd best municipality in Mississippi, offering one of the state’s most coveted school systems and highest median incomes. Built in 1974, Ridgeland Ranch offers the investor a well-located asset with market-suggested value add potential.
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Ridgeland Ranch
137 Units
1620 East County Line Road
Ridgeland, MS  39157
Closed: 12/7/2018
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the 129-unit Ridgeland Ranch apartment community, located in the heavily sought-after Ridgeland suburb of Jackson, Mississippi. Ridgeland is currently ranked the 2nd best municipality in Mississippi, offering one of the state’s most coveted school systems and highest median incomes ($85K 5-Mile radius). Built in 1974, Ridgeland Ranch offers the next investor a uptrending asset within an affluent submarket with market-backed value add upside.
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Ridgeland Ranch
129 Units
1620 East County Line Road
Ridgeland, MS  39157
Closed: 3/25/2022
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 192-unit River Park apartment community located in McComb, MS. McComb, located along I-55 and centralized amongst key MSAs, is a budding regional retail hub with nearly 2 million square feet and major big box stores. River Park is part of an upcoming major mixeduse project that is taking shape at the I-55/Hwy-98 interchange, which will feature grocery, retail, office, and flex space. Built and delivered in late 2015, the subject property offers a Class A asset below replacement cost with an outstanding collections trend. The next investor will also benefit from long-term HUD debt that will boost cash-on-cash returns.
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River Park
192 Units
1328 Parklane Road
McComb, MS  39648
Type:  Multifamily
Closed: 9/1/2020
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AL 218 Portfolio (4 properties, 218 units)
River Valley
56 Units
217 Cedar Lake Road SW
Decatur, AL  35603
Closed: 10/20/2020
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