The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Sunset Village is a 233 unit, 2021-built BTR asset built by the nation’s largest homebuilder, D.R. Horton. Arriving to market with excellent in-place rent growth trends (23% rent bumps on renewals), the community is poised as a market leader in its asset class and will continue to benefit as 1st generation leases turn over at higher rates. Sunset Village boasts $124K+ Avg. HH incomes at the property 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 and high-quality residences, Sunset Village presents an outstanding opportunity to acquire a brand new BTR asset in a growing market.
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Sunset Village
233 Units
5284 Emma Grace Drive
Panama City, FL  32404
Closed: 3/23/2022
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Terrace 31, a 79-unit apartment community located in Pelham, Shelby County, Alabama. This asset is situated in the desirable North Shelby County submarket. Built in 1972 / 1998 and renovated in 2015, the property represents an outstanding opportunity to invest in an upward trending asset within a well demanded submarket.
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Terrace 31
79 Units
2059 Little Mountain Circle
Pelham, AL  35124
Type:  Multifamily
Closed: 11/29/2017
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Terrace Court
40 Units | 60 Beds
1124 20th Street South
Birmingham, AL  35205
Closed: 6/17/2021
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Gulf States Multifamily Team, is pleased to present the exclusive listing of The Alden, a 176-unit, 528-bed, student housing community located in Birmingham, Alabama. This 2001 purpose-built asset is located near the University of Alabama at Birmingham as well as Samford University.
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The Alden
176 Units | 528 Beds
500 Palisades Drive
Birmingham, AL  35209
Type:  Multifamily
Closed: 7/22/2021
Sold
The Alexandria
258 Units
1028 Balch Road
Madison, AL  35758
Closed: 10/25/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Apartments at the Venue, a 618-unit gated apartment community located in Valley, AL. Strategically situated in Alabama’s primary auto corridor, the asset sits 20 minutes away from Kia (3,000 jobs) and the upcoming Sentury Tire plant (1,000 jobs by 2019, $530M project). Chambers County has recruited over $170M of projects since 2016, including an all new industrial park adjacent to The Venue. Built in 2008 & 2009, The Venue offers the buyer Class A product at an extremely desirable pricing with in-place high yielding cash flow and a compelling value-add strategy that will further boost returns.
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The Apartments at the Venue
618 Units
1001 Lake Placid Loop
Valley, AL  36854
Type:  Multifamily
Closed: 2/23/2018
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Arlington – 97 units located in Jackson, Hinds County, MS. This well demanded asset sits approximately 8 miles north of the capital city of Downtown Jackson. Maintaining excellent visibility, signage and direct frontage off Ridgewood Rd, The Arlington offers residents quick access to all of Jackson’s primary economic drivers. The asset arrives to market highly occupied with strong cash flows, and double digit yields in year 1. Originally constructed in 1972, The Arlington presents the opportunity to acquire an upward-trending asset with strong cash flows in a high visibility location.
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The Arlington
97 Units
5845 Ridgewood Road
Jackson, MS  39211
Type:  Multifamily
Closed: 3/15/2021
Sold
The Aviator [Ph I]
102 Units
7807 SW Starling Ln
Bentonville, AR  72712
Closed: 8/31/2021
Sold
The Aviator [Ph II] - Closing 1
188 Units
7807 SW Starling Lane
Bentonville, AR  72712
Closed: 4/4/2023
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 180-unit The Belmont apartment community located in Biloxi, Jackson County, Mississippi. This asset is situated in desirable north Biloxi, convenient to downtown and a diverse economic base. Built in 2005, The Belmont offers an outstanding opportunity to invest in a newer deal with value add potential.
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The Belmont - Biloxi
180 Units
14801 Lemoyne Boulevard
Biloxi, MS  39532
Closed: 12/28/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit The Courtyards at Auburn apartment community located in Auburn, Alabama. This asset is situated in the heart of the Auburn-Opelika MSA, offering residents outstanding access to Auburn University, a state-ranked school system, a solid job core, and high quality retail nearby. Auburn is considered one of the fastest-growing cities in the nation. Built in 1964, 1984, and 1986, The Courtyards at Auburn offers an exceptional opportunity to invest in a property with strong historical performance and market-backed value add potential.
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The Courtyards at Auburn
240 Units
420 North Dean Road
Auburn, AL  36830
Type:  Multifamily
Closed: 11/17/2017
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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
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)
The DeSoto
253 Units
1000 Sutton Place
Horn Lake, MS  38637
Type:  Multifamily
Closed: 5/3/2019
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The Fitzroy Chenal
294 Units
15401 Chenal Parkway
Little Rock, AR  72211
Closed: 5/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fitzroy Grove, a 250-unit, 2021-built apartment community located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart Inc, the nation's largest retailer, which is currently constructing new Walmart Global Headquarters, as well as two other fortune 500 companies, each within a 15-mile radius. The property offers the next investor unmatched amenities and finish levels in the marketplace and maintains excellent rental growth throughout lease-up providing substantial value add upside by pushing 2nd generation leases.
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The Fitzroy Grove
250 Units
2901 S 26th Pl
Rogers, AR  72758
Type:  Multifamily
Closed: 7/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Jackson 560 Portfolio which consists of two assets in Jackson, MS’ best suburbs. The Gables (168 units) features above market rents in the highly sought-after suburb of Ridgeland which maintains “A” ranked schools and $90K+ incomes (5-mile radius). With 392 units, The Reserve of Byram presents the next investor the opportunity to own 44% of the Byram submarket. Each property benefits from quick access to Downtown Jackson and the MSA’s premiere retail pockets in East Jackson and the Madison/Ridgeland Corridor via I-55 and presents immediate opportunity to boost rents $100-$150 through value add campaigns. Built in 2003 & 2000/2006, the Jackson 560 Portfolio presents an outstanding opportunity to invest in value add assets with convenient access to jobs/retail. The assets can be purchased individually or as a portfolio.
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Jackson 560 Portfolio (2 properties, 560 units)
The Gables
168 Units
880 William Boulevard
Ridgeland, MS  39157
Type:  Multifamily
Closed: 1/21/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
The Gardens
26 Units
314 Virginia Drive
Dothan, AL  36301
Type:  Multifamily
Closed: 3/12/2020
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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
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Gates at South Bend, 147 units located in Tuscaloosa, Alabama. Tuscaloosa has produced outstanding growth over the past decade, benefitting from an economy backed by two pillars: University of Alabama ($2.8B impact) the Mercedes-Benz plant ($5.8B investment). Gates at South Bend is centrally located in Tuscaloosa with virtually immediate access to I-20. Residents are within 20 minutes of the Mercedes Benz manufacturing plant and 10 minutes of UA’s main campus. Originally constructed between 1976-1980 and heavily rehabbed from 2017-2021, Gates at South Bend offers future ownership a performing, heavily capitalized asset well below replacement cost.
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The Gates at South Bend
147 Units
3831 3rd Avenue E
Tuscaloosa, AL  35405
Type:  Multifamily
Closed: 6/30/2023
Sold
The Glens
72 Units
1800 Crabtree Road
Tuscaloosa, AL  35405
Closed: 11/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 195-unit apartment communities of Elevate at 604 West and The Greens on 5th, located in Fort Walton Beach, FL. These assets are well-situated with proximity to state ranked schools and all of Ft Walton's primary economic drivers. Built in 1974 and 1983, the assets have undergone significant interior and exterior renovations and are trending strongly, arriving to market 97% occupied. The Ft Walton Beach market is experiencing solid 10+% cumulative population growth and 6%+ Avg. YoY rent growth since 2017. Both assets have achieved exceptional rent growth (12%+ since acquisition) amid a major capital injection. Elevate at 604 West and The Greens on 5th offer the next investor an outstanding opportunity to acquire repositioned assets with exceptional rent growth and stable cash flow in a high growth submarket.
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Fort Walton Beach 195 Portfolio (2 properties, 195 units)
The Greens on 5th
96 Units
5 Mooney Road Northeast
Fort Walton Beach, FL  32547
Closed: 10/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.
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The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type:  Land
Closed: 3/15/2024
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Heights, 164 Class A+ units located within Alabama’s capital city of Montgomery, Alabama. The Heights truly embodies its name and is the pinnacle of apartment living in Downtown Montgomery, offering an irreplaceable riverfront location with urban walkability. The community is enveloped by some of the metro’s top job drivers, within 5 minutes from the Central Business District, Maxwell Air Force Base, and I-65. Montgomery itself has generated nearly $600 Million in capital investment and 2,700+ new jobs over the past two years. As the urban core continues to re-surge with new development, The Heights will benefit from a growing flow of millennial renters looking for a live-work-play atmosphere. There is a substantial lack of Downtown apartment supply, with zero units planned or under construction and Downtown living options being limited to boutique lofts.
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The Heights
164 Units
605 Maxwell Boulevard
Montgomery, AL  36104
Type:  Multifamily
Closed: 5/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Heights at Skyland - 304 units located in Tuscaloosa, AL. This asset is situated in the growing Tuscaloosa submarket, which has attracted 2,700+ future jobs over the next 2 years and is grounded on two expanding pillars of The University of Alabama and the Mercedes-Benz plant. The subject boasts 97 renovated units ($30-$120 premiums), leaving 207 units for the next investor to fully round out the property. Built in 1975 and 1991, The Heights at Skyland represents the opportunity to invest in a well-performing asset in a high-growth market with massive upside via strategic capital improvements.
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The Heights at Skyland
304 Units
4527 18th Avenue East
Tuscaloosa, AL  35405
Closed: 1/31/2019