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Displaying results 169-192 of 368
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Park at Village Oaks, 124-unit apartment community located in growing Leland, NC. Built in 2007, this property has carried out an extensive interior upgrade initiative, providing investors with a quality, competitive asset at a discount to replacement cost. With the heavy lifting out of the way, investors will have the opportunity to shift their focus to implement additional revenue streams, offering a potential 9% boost to annual NOI. Located only 4 miles from a booming downtown Wilmington, The Park at Village Oaks is perfectly situated to experience all Wilmington has to offer. In addition to the locational benefits of the Wilmington MSA, the site is in the heart of Leland’s Gateway District – an area the town has prioritized for immediate infill redevelopment.
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The Park at Village Oaks
124 Units
136 Parsley Lane
Leland, NC  28451
Closed: 2/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Gleneagle apartment community located in Columbia, SC. This asset is situated in the capital city of South Carolina boasting strong submarket fundamentals including 15% projected rent growth and 13% average household income growth through 2025. Having changed between multiple management companies, current management operations are sound and trending in the right direction. Built in 1973, Gleneagle represents an outstanding opportunity to invest in a property that comes to market with a proven value-add plan set in-place by current ownership leaving 164 units (73%) to be renovated and command premiums of $125.
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Gleneagle
216 Units
601 St. Andrews Road
Columbia, SC  29210
Type:  Multifamily
Closed: 2/1/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 2-property portfolio Planters Trace and Sandover located in Charleston, SC. Both mid-70s build assets are located in fundamentally strong and growing submarkets of Charleston, driven by the plethora of employment opportunities and recent heavy investment into the area. The portfolio presents the opportunity to boost NOI by 31% as 95% of the units are still available for the in-place value-add program, generating proven premiums ranging from $55-$300+.
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Planters Trace & Sandover (2 properties, 233 units)
Sandover
137 Units
4381 Gwinnett Street
North Charleston, SC  29418
Type:  Multifamily
Closed: 1/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 112-unit Bellevue Mill Apartments located in Hillsborough, NC. The asset offers a unique opportunity to acquire the Managing Membership interest in a recently restored cotton mill apartment community completed through Historic Tax Credits. Listed on the National Register of Historic Places, Bellevue Mill is strategically located in a highly educated and high income market within the Triangle MSA. With $18.5M completed in construction and renovation costs, new ownership will be able to capitalize on a solid foundation established through a successful lease up in a supply constrained market with high barriers to entry. With an exceptional location and positive supply-demand dynamics in the Hillsborough/Chapel Hill multifamily market, Bellevue Mill is an attractive investment opportunity that will continue to enjoy organic rent growth as market fundamentals normalize.
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Bellevue Mill
112 Units
206 South Nash Street
Hillsborough, NC  27278
Type:  Multifamily
Closed: 1/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Sterling Magnolia, an irreplaceable core-plus value-add opportunity located in the exclusive submarket of Myers Park. The immediate area is defined by blue-chip demographics ($146,000 Average Household Income), luxurious homes ($536,000 Median Home Value) and proximity to Charlotte’s premier employment hubs, Uptown and Southpark, offering 150K jobs within a 10-minute drive of the property. The 174-unit, 2004-built asset features both garden and urban attributes, condo sized floorplans (1,121 average SF) and is situated in a submarket composed of Charlotte’s most affluent residents, offering investors a unique framework to complete a high-end value-add and close the $0.33 PSF rent delta to submarket competitors.
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Sterling Magnolia
174 Units
3720 Wendwood Lane
Charlotte, NC  28211
Type:  Multifamily
Closed: 12/29/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
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The Avalon
240 Units
6000 Regal Estates Drive
Charlotte, NC  28212
Type:  Multifamily
Closed: 12/23/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
Brighton Park
200 Units
9000 Watson Boulevard
Byron, GA  31095
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 344-unit Harbor Pointe apartment community located Mount Pleasant, South Carolina. This generationally located asset is situated in the highly sought-after Charleston submarket of Mount Pleasant offering direct access to downtown Charleston, walkability to a plethora of retail, dining, and entertainment options, as well as access to the major economic drivers of Charleston. Built in 1987, Harbor Pointe offers an incredible opportunity to infuse the 32-acre property with capital to push rents over $300 and establish market presence in a top southeast location presenting high barriers to entry and untapped future potential.
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Harbor Pointe
344 Units
331 Harbor Pointe Drive
Mt. Pleasant, SC  29464
Type:  Multifamily
Closed: 12/18/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 2-property portfolio Planters Trace and Sandover located in Charleston, SC. Both mid-70s build assets are located in fundamentally strong and growing submarkets of Charleston, driven by the plethora of employment opportunities and recent heavy investment into the area. The portfolio presents the opportunity to boost NOI by 31% as 95% of the units are still available for the in-place value-add program, generating proven premiums ranging from $55-$300+.
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Planters Trace & Sandover (2 properties, 233 units)
Planters Trace
96 Units
2222 Ashley River Road
West Ashley, SC  29414
Type:  Multifamily
Closed: 12/17/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive offering of Riverside Flats at Aberfoyle Village, a 102-unit, 2019-built community situated along the Catawba River in the burgeoning Charlotte suburb of Belmont. The property enjoys one of the most unique locations across the Charlotte metro, located minutes from the Charlotte-Douglas International Airport, with immediate access to I-85 and Highway 74 that provide direct access to Uptown Charlotte (135,000+ jobs). The immediate area is positioned along a path of progress in Belmont, a suburb defined by high incomes, impressive schools, and unparalleled quality of life. The historically underserved submarket has witness outsized multifamily rent growth in recent years and is projecting 18% growth through 2025, while occupancy levels remain at market leading levels. Bolstered by strong submarket fundamentals and recent operational momentum, new ownership has the opportunity to bridge a $200+ rent delta to submarket leaders through proven 2nd generation leasing momentum that has already captured $100 rent increases on select floorplans.
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Riverside Flats at Aberfoyle Village
102 Units
1200 River Drive
Belmont, NC  28012
Type:  Multifamily
Closed: 12/11/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
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The Kelston
310 Units
1207 Kelston Place
Charlotte, NC  28212
Type:  Multifamily
Closed: 12/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
Villas at Lawson Creek
202 Units
9159 Asheville Highway
Boiling Springs, SC  29316
Type:  Multifamily
Closed: 12/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
The Lexington
190 Units
2620 Lejuene Drive
Biloxi, MS  39531
Type:  Multifamily
Closed: 12/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
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Delta Crossing
178 Units
6000 Delta Crossing Lane
Charlotte, NC  28212
Type:  Multifamily
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 1970-built Margate on Cone apartments located in Greensboro, NC. The property offers an outstanding opportunity to invest in a solid performing asset within the economic powerhouse of the Piedmont Triad MSA. The immediate area surrounding Margate on Cone is experiencing a significant amount of spill-over from the city’s most affluent districts, creating a path of growth and development that will help facilitate value enhancement at the property. With all but thirty-four (34) units on the property remaining untouched and rents currently trailing the submarket average by more than $100, new ownership will have the opportunity to capitalize on a two-prong, market supported value-add program through implementing an interior upgrade initiative and implementing utility reimbursements.
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Margate on Cone
233 Units
900 East Cone Boulevard
Greensboro, NC  27405
Type:  Multifamily
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Reserve at Cavalier, a 152-unit apartment community located in Greenville, SC. The Reserve at Cavalier is situated just southeast of rapidly expanding downtown Greenville and located within minutes of some of the county’s largest employers. Built in 1978, The Reserve at Cavalier poses an incredible value-add opportunity, coupled with strong submarket fundamentals and demographics to further enhance and capitalize on its positive operational momentum.
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The Reserve at Cavalier
152 Units
105 Cavalier Drive
Greenville, SC  29607
Type:  Multifamily
Closed: 11/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Madison Woods
180 Units
5505 Tomahawk Drive
Greensboro, NC  27410
Type:  Multifamily
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Terrace at Olde Battleground
156 Units
3800 Cotswold Avenue
Greensboro, NC  27410
Type:  Multifamily
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Terrace Oaks
120 Units
3803 Cotswold Avenue
Greensboro, NC  27410
Type:  Multifamily
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Den on Varsity, a recently renovated, 53-unit asset located in Raleigh, North Carolina. On the west side of Raleigh, Den on Varsity is adjacent to North Carolina State University, located within one of the strongest performing MSAs in the country over the past several years. Built in 1972, the property has recently stabilized following a significant repositioning through a capital infusion of $1.29M, or $24k/unit. Den on Varsity offers an outstanding opportunity to invest in a turn key asset primed to capitalize on future rent growth in one of the most recession resistant markets in the United States.
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Den on Varsity
53 Units
1527 Crest Road
Raleigh, NC  27606
Type:  Multifamily
Closed: 10/30/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Reserve at Bradbury Place apartment community located in historic Goldsboro, NC. Thriving in a low-risk, stable economy, the asset offers a modern living experience in the heart of Eastern North Carolina with easy access to top employers and destinations. New ownership has the opportunity to capitalize on Goldsboro’s strong market where apartment rents have been rising at a 5.6% annual rate during the third quarter of 2020, and have posted an average annual gain of 3.7% over the past three years. With just 92 new deliveries since 2010 and zero deliveries projected through 2024, the lack of a development pipeline will continue to drive rent growth in this unique market supported by a young renter demographic.
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Reserve at Bradbury Place
288 Units
560 West New Hope Road
Goldsboro, NC  27534
Type:  Multifamily
Closed: 10/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 353-unit Peppertree apartment community located in North Charleston, South Carolina. The asset is situated off Dorchester Road in close proximity to the top employment drivers in North Charleston where large investments have continually been made to expand and strengthen the Charleston job market. Built in 1983/1989, Peppertree offers an outstanding opportunity to see a 25% Return on Investment by completing the in-place value-add program, with 83% of units left to renovate generating proven premiums of $160. Peppertree also offers potential investors attractive assumable in-place agency financing with a low interest rate.
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Peppertree
353 Units
4640 Forest Hills Drive
North Charleston, SC  29418
Type:  Multifamily
Closed: 10/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit, Marquis Gardens apartment community located in Durham, NC. Built in 1972, this asset received a capital investment of over $2 Million including a clubhouse remodel and 7 roofs replaced in 2018. The surrounding market indicates that potential investors can capitalize on a 400-unit value add program, as current rental rates trail recently renovated competitor properties by $200. Marquis Gardens provides residents, a diverse workforce ranging from manufacturing to global tech industries, with the best value in Durham. The growing infrastructure of Durham, muted submarket supply, and ease of accessibility to retail and jobs, provide a very positive future for potential investors.
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Marquis Gardens
400 Units
901 Chalk Level Road
Durham, NC  27704
Type:  Multifamily
Closed: 10/19/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Flats on 7th apartment community located in Raleigh, North Carolina’s burgeoning suburb of Garner. The property is surrounded by premier retailers and major thoroughfares, providing access to nearby employment hubs and a surging downtown. A recent $3.8 million capital infusion has prompted strong operational momentum and distinguished the asset as the foremost property of its vintage in the submarket. A lack of new supply, a rapidly expanding population, and the second highest occupancy levels across the market have created ideal rent growth conditions. Built in 1982 and renovated in 2018, Flats on 7th represents an outstanding investment opportunity for new ownership to capture $20,000 in immediate organic rent growth as old leases turn, while also capturing the projected 10% rent growth in the submarket over the next 3 years.
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Flats on 7th
136 Units
917 Seventh Avenue
Garner, NC  27529
Type:  Multifamily
Closed: 10/15/2020
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