The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 296-unit Cottages of Fort Smith (72 Units) and Country Meadows (224 units) apartment communities located in the Fort Smith and Little Rock, AR MSAs. Well located within each respective submarket, Cottages of Fort Smith and Country Meadows arrive to market 95% occupied with strong trending collections and upward leasing momentum. Built in 2005 & 1998, each asset offers an outstanding opportunity to invest in a strong performing asset with a quality physical plant in place providing prime value add potential.
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Cottages of Fort Smith & Country Meadows (2 properties, 296 units)
Cottages of Fort Smith
72 Units
6100 South 66th St
Fort Smith, AR  72903
Closed: 5/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Arkansas 360 portfolio, 5 properties and 360 total units spanning the North Little Rock, Hot Springs, and Fort Smith markets. Each market offers the investor a diversified tenant pool with stable job growth projections. Built between 1973-2005, the Arkansas 360 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio while allowing the next owner to inject additional capital for interior value add, refreshed exteriors, and boost exit value.
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Arkansas 360 Portfolio (5 properties, 360 units)
Cottages of Hot Springs
72 Units
921 Shady Grove Rd
Hot Springs, AR  71901
Closed: 7/22/2022
Sold
Cottages on Weaver Avenue
63 Units
9015-9025 Weaver Avenue NE
Leeds, AL  35094
Type:  Single-family
Closed: 3/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 296-unit Cottages of Fort Smith (72 Units) and Country Meadows (224 units) apartment communities located in the Fort Smith and Little Rock, AR MSAs. Well located within each respective submarket, Cottages of Fort Smith and Country Meadows arrive to market 95% occupied with strong trending collections and upward leasing momentum. Built in 2005 & 1998, each asset offers an outstanding opportunity to invest in a strong performing asset with a quality physical plant in place providing prime value add potential.
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Cottages of Fort Smith & Country Meadows (2 properties, 296 units)
Country Meadows
224 Units
909 Holmes Road
Searcy, AR  72143
Closed: 5/13/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Country Meadows community located in the Little Rock, AR MSA. This asset is situated NE of Little Rock in Searcy, AR with a top ranked public school system and two universities (9,000+ students) within 20 minutes of the property. Country Meadows comes with attractive assumable debt in place, a quality physical plant, and an interior value add program which can boost rents $150. Built in 1998, Country Meadows offers an outstanding opportunity to invest in a high performing asset with true value add potential.
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Country Meadows
224 Units
909 Holmes Road
Searcy, AR  72143
Closed: 8/3/2023
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
Sold
Covington Park I & II
156 Units
100 Covington Park Drive
Jackson, MS  39212
Closed: 1/11/2019
Sold
Pensacola 495 (5 properties, 494 units)
Creekside I & II
216 Units
110 Creekside Court
Pensacola, FL  32514
Closed: 9/9/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile5 Portfolio, 2,013 total units located in the A+ Midtown submarket of Mobile, Alabama. Midtown has become an infill submarket over the past decade, boasting high-end grocery, the metro’s top household incomes, The Country Club of Mobile, and over 12M SF of quality retail options. Mobile itself is attracting a wealth of job growth with 4,000 jobs expected to deliver in 2018/2019 via Walmart, Airbus, Amazon, and Continental Motors expansions. Built between 1951-1982, Mobile5 has received approximately $60M in capital improvements since 2000, which will allow the next investor to focus any future additional capital on value add renovations.
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Mobile5 Portfolio (5 properties, 2,013 units)
Crossings at Pinebrook
545 Units
3800 Michael Boulevard
Mobile, AL  36609
Type:  Multifamily
Closed: 7/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 210-unit Crowne at Long Leaf Trace apartment community located in Hattiesburg, Mississippi. This asset is afforded excellent visibility and access at the northwest corner of The University of Southern Mississippi’s campus, the city’s primary economic engine with nearly 14,000 enrollees. Built in 2008, Crowne at Long Leaf Trace represents one of the few Class "A" living options for USM students that is within walking distance of campus, which will encourage continued high occupancy and organic rent growth.
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Crowne at Long Leaf Trace
210 Units | 440 Beds
700 Beverly Hills Road
Hattiesburg, MS  39401
Type:  Multifamily
Closed: 1/24/2019
Cushman & Wakefield is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, Florida. This asset is situated along US-98, a high-traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Built in 1997, Crystal Lake offers an outstanding opportunity to invest in an asset boasting proven value add potential within an increasingly constrained multifamily market.
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Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Closed: 1/25/2017
Sold
Dogwood Park
52 Units
138 Perry Road
Grenada, MS  38901
Closed: 8/15/2019
The Cushman & Wakefield Student Housing Team, in conjunction with the Cushman & Wakefield Multifamily Advisory Group, is pleased to present the exclusive listing of The Edge at Donaghey, a 120-unit, 432-bed apartment community located adjacent to the University of Central Arkansas (UCA). Built in 2013, The Edge is the only purpose-built student asset in the market catering to UCA. This opportunity allows investors to acquire the only true Class A student community significantly below replacement costs with the ability to achieve immediate returns.
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Edge at Donaghey
120 Units | 432 Beds
530 S Donaghey Avenue
Conway, AR  72034
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
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)
Elevate at 604 West
99 Units
604 Colonial Drive
Fort Walton Beach, FL  32547
Closed: 10/4/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Elevate Grande Pointe - 180 units in Daphne, AL. Situated along the desirable Eastern Shore of Mobile, the subject enjoys an affluent resident profile and close proximity to quality retail and employment. Since acquisition, current ownership has invested $1.8M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to completely round out the community. Built in 1984 (renovated 2018), Elevate Grande Pointe offers an excellent opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.
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Elevate Grande Pointe
180 Units
133 Lake Front Drive
Daphne, AL  36526
Type:  Multifamily
Closed: 7/30/2019
Sold
Elevation Homewood & Vestavia (2 properties, 318 units)
Elevation Homewood
198 Units
1301 Lakeshore Place
Homewood, AL  35209
Type:  Multifamily
Closed: 3/26/2020
Sold
Elevation Homewood & Vestavia (2 properties, 318 units)
Elevation Vestavia Hills
120 Units
2927 Columbiana Court
Vestavia Hills, AL  35216
Closed: 3/26/2020
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 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)
Estates at Lafayette Square
675 Units
900 Downtowner Boulevard
Mobile, AL  36609
Closed: 7/12/2017
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
Sold
Evergreens at Mahan
412 Units
901 Riggins Road
Tallahassee, FL  32308
Type:  Multifamily
Closed: 12/16/2020
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)
Fairways at Hartland
240 Units
850 Wilkinson Trace
Bowling Green, KY  42103
Type:  Multifamily
Closed: 4/25/2019
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:  Multifamily
Closed: 10/4/2019