The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Granby Crossing apartment community located along the Congaree River in bustling Cayce, SC. The property is situated across the river from the rapidly expanding downtown, Columbia, characterized by its young and affluent demographic base with a 61% white collar population, high HHI growth (14%), and exceptional projected rent growth (19%) through 2026. Located in Lexington County, the property is also surrounded by an abundance of outdoor recreational opportunities, including waterfront activities and an outdoor amphitheater, and a surplus of jobs less than a mile away in downtown. Still under the same ownership as when built in 1990, Granby Crossing represents a unique investment opportunity to complete Class A renovations on all units and command average premiums of $276, aligning the asset with top submarket competitors.
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Granby Crossing
168 Units
100 Granby Crossing
Cayce, SC  29033
Type:  Multifamily
Closed: 12/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the I-85 Corridor Value-Add Portfolio consisting of 4 properties, 570 units strategically situated in North Carolina’s fastest growing markets - Charlotte, Piedmont Triad, and the Raleigh-Durham Research Triangle. The properties are poised for substantial growth with unparalleled access to a plethora of jobs, higher education, strong household income growth, and seamless connectivity through major thoroughfares. The portfolio presents with an opportunity to capitalize on a proven value-add campaign already achieving $100-$175 rent premiums over standard units. Renovating the remaining 50% of units brings huge upside with solid premiums supported by excellent rent growth projections across all three markets. Ranging from late 1980s to mid-2000s vintage, the I-85 Corridor Value-Add portfolio presents an excellent framework to build upon in one of the fastest growing regions in the country.
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I-85 Corridor Value-Add Portfolio (4 properties, 570 units)
Patriots Pointe
240 Units
100 Patriots Pointe Drive
Hillsborough, NC  27278
Type:  Multifamily
Closed: 12/7/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit Caralea Valley apartment community located in Charlotte, NC’s thriving suburb of Concord. Built in 1991, the property is situated just off I-85 and is poised to benefit from Concord’s skyrocketing rent levels and consistently high demand. Providing blue-chip convenience to lifestyle amenities and Charlotte’s most prominent job centers, the affluent suburban submarket is defined by well-educated residents and a predominantly white-collar workforce. Concord’s limited supply pipeline bolsters incoming ownership’s opportunity to boost annual NOI by $447k+ through completion of the existing value-add initiative.
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Caralea Valley
233 Units
2901 Leah Court
Concord, NC  28027
Type:  Multifamily
Closed: 12/2/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit Beldon Spring Lake apartment community located in Columbia, SC. This asset is situated in the resilient state capital of South Carolina characterized by steady employment industries and abundant access to jobs and is further enhanced by strong multifamily market fundamentals. Built in 1973, Beldon Spring Lake offers an outstanding opportunity to invest in a solid asset in the East Columbia submarket which boasts high average HHI’s ($77k+) and white-collar employment (67%) with the potential to continue the in-place value-add program and renovate 90 units (90%) to achieve premiums up to $150.
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Beldon Spring Lake
100 Units
3611 Ranch Road
Columbia, SC  29206
Type:  Multifamily
Closed: 11/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit Spring Garden apartment community located in Greensboro, NC. This asset is strategically situated 2 miles southwest of downtown Greensboro next to the University of North Carolina at Greensboro. Built in 1991 and 1998, Spring Garden is a student run property primed for significant upside through a modern conversion of the asset’s 4BR-2BA units to highly sought-after 2BR-2BA units. This unit transformation will offer one of the largest 2BR floorplans in the submarket, coupled with high barriers to entry, limited development, and desirable demographics. Furthermore, transitioning to conventional operations will allow for improved efficiencies in leasing, occupancy, and utility reimbursements generating attractive returns for incoming investors.
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Spring Garden (192 Beds)
96 Units | 192 Beds
2119 Spring Garden Street
Greensboro, NC  27403
Closed: 11/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 680-unit Charleston ARIUM 3 Portfolio, which can be acquired together or individually. Located in two of Charleston’s most prestigious submarkets, North Charleston and Mt. Pleasant, the assets are situated in highly sought after and high barrier to entry submarkets boasting over 60k+ jobs within 5-miles of each location, unmatched lifestyle amenities including direct access to Shem Creek, top tier retail, Downtown Charleston and higher education paving the way for continued appreciation. The portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well capitalized assets that are primed for a value-add campaign to achieve average premiums of up to $340.
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Charleston ARIUM 3 Portfolio (3 properties, 680 units)
ARIUM Mount Pleasant
240 Units
1054 Anna Knapp Boulevard
Mt. Pleasant, SC  29464
Type:  Multifamily
Closed: 11/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 680-unit Charleston ARIUM 3 Portfolio, which can be acquired together or individually. Located in two of Charleston’s most prestigious submarkets, North Charleston and Mt. Pleasant, the assets are situated in highly sought after and high barrier to entry submarkets boasting over 60k+ jobs within 5-miles of each location, unmatched lifestyle amenities including direct access to Shem Creek, top tier retail, Downtown Charleston and higher education paving the way for continued appreciation. The portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well capitalized assets that are primed for a value-add campaign to achieve average premiums of up to $340.
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Charleston ARIUM 3 Portfolio (3 properties, 680 units)
ARIUM North Charleston
192 Units
2225 Greenridge Road
North Charleston, SC  29406
Type:  Multifamily
Closed: 11/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 680-unit Charleston ARIUM 3 Portfolio, which can be acquired together or individually. Located in two of Charleston’s most prestigious submarkets, North Charleston and Mt. Pleasant, the assets are situated in highly sought after and high barrier to entry submarkets boasting over 60k+ jobs within 5-miles of each location, unmatched lifestyle amenities including direct access to Shem Creek, top tier retail, Downtown Charleston and higher education paving the way for continued appreciation. The portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well capitalized assets that are primed for a value-add campaign to achieve average premiums of up to $340.
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Charleston ARIUM 3 Portfolio (3 properties, 680 units)
ARIUM St. Ives
248 Units
7930 St. Ives Road
North Charleston, SC  29406
Type:  Multifamily
Closed: 11/17/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Collier Hills
120 Units
1760 Northside Drive
Atlanta, GA  30318
Type:  Multifamily
Closed: 11/3/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Glenwood
254 Units
3939 Glenwood Avenue
Raleigh, NC  27612
Type:  Multifamily
Closed: 10/29/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present The Morris at Belmont, a proposed 322-unit apartment community development project located in Belmont, NC. The property will be ideally situated in the burgeoning city of Belmont, which is located only 20 minutes from Uptown Charlotte and has nearby proximity to Charlotte’s U.S. National Whitewater Center, Charlotte Douglas International Airport, and access to key job centers, which includes not only the new 2.5M SF Amazon facility and the Water Ridge Office Park, but also Charlotte’s integral employment nodes. In addition, the property will benefit from the proposed expansion of Charlotte’s LYNX Light Rail, which would be within walking distance of the property, as well as a Greenway Initiative that would deliver with the project, allowing for expanded pedestrian space and greenways in Belmont. The property will represent a best-in-class asset for the Belmont submarket with premier amenities and curated, luxury unit features. The Morris at Belmont offers an outstanding opportunity to invest in a new development opportunity for Class A institutional-quality product in one of Charlotte’s up-and-coming submarkets.
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The Morris at Belmont (Equity Raise)
322 Units
6900 Wilkinson Boulevard
Belmont, NC  28012
Type:  Multifamily
Closed: 10/22/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Pelham
422 Units
230 Pelham Road
Greenville, SC  29615
Type:  Multifamily
Closed: 10/21/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Westchester
116 Units
300 Pelham Road
Greenville, SC  29615
Type:  Multifamily
Closed: 10/21/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Landmark Woods & Basswood apartment communities located in Florence, SC. These assets are strategically located by the I-20 and I-95 interchange in a well-off neighborhood near Florence Country Club, healthcare & industrial jobs, and an active retail corridor. The average household’s income within one-mile are $75K+ (Landmark Woods) and $88K+ (Basswood), and projected to increase 13.1% and 10.1% respectively by 2025. Built in 1965/2001, Landmark Woods & Basswood provides a rare upside opportunity to implement a new renovation program to bridge the $200+ submarket rent gap.
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Landmark Woods & Basswood (2 properties, 160 units)
Basswood
56 Units
400 Third Loop Road
Florence, SC  29505
Closed: 10/13/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Landmark Woods & Basswood apartment communities located in Florence, SC. These assets are strategically located by the I-20 and I-95 interchange in a well-off neighborhood near Florence Country Club, healthcare & industrial jobs, and an active retail corridor. The average household’s income within one-mile are $75K+ (Landmark Woods) and $88K+ (Basswood), and projected to increase 13.1% and 10.1% respectively by 2025. Built in 1965/2001, Landmark Woods & Basswood provides a rare upside opportunity to implement a new renovation program to bridge the $200+ submarket rent gap.
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Landmark Woods & Basswood (2 properties, 160 units)
Landmark Woods
104 Units
1400 Cherokee Road
Florence, SC  29501
Closed: 10/13/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Beaufont
312 Units
6839 Carnation Road
Richmond, VA  23225
Closed: 10/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Anker Haus, a 49-unit, 2020-built Class A Build for Rent Townhome community located in one of Charlotte’s most prominent submarkets, Plaza Midwood. Defined by its eclectic, densely concentrated mix of bars, restaurants, and retail, this entertainment center is also home to an affluent, white-collar employee base. As the first pocket neighborhood introduced to Charlotte, Anker Haus’ Build to Rent Townhome product offers chic, European-influenced townhomes with expansive floorplans and curated unit features. Plaza Midwood’s inactive pipeline, strong rent projections, Charlotte’s resilient net migration, and Anker Haus’ recent stabilization result in a perfect confluence for new ownership to comfortably capitalize on organic rent growth. Less than a mile from the center of Plaza Midwood, the property is also ideally situated near Charlotte’s largest job node, Center City, as well as the largest healthcare campus in Charlotte. Anker Haus represents an outstanding opportunity to invest in a newly built, recently stabilized Class A Build to Rent Townhome community.
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Anker Haus
49 Units
2925 Commonwealth Avenue
Charlotte, NC  28205
Closed: 10/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Carrington Place at Wildewood apartment community located in Columbia, SC. Built in 2005, Carrington Place at Wildewood has been meticulously maintained by institutional ownership and is the premier asset in the market. Nestled in the affluent Wildewood neighborhood, the large floor plans with 9ft ceilings and serene setting (over 29 Acres) offer investors a unique opportunity to further enhance the in-place value-add program. By taking all units to C&W’s proposed renovation level, a new investor will receive monthly rental premiums up to $360 for an ROI of 44%.
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Carrington Place at Wildewood
240 Units
751 Mallet Hill Road
Columbia, SC  29223
Type:  Multifamily
Closed: 9/30/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Bluff
216 Units
201 West Montgomery Cross Rd
Savannah, GA  31406
Type:  Multifamily
Closed: 9/30/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Oaks
184 Units
3200 Oakwood Village Lane
Atlanta, GA  30341
Type:  Multifamily
Closed: 9/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 2002-built, 60-unit Century Oaks on College apartment community located in Greensboro, NC. The asset is situated in burgeoning West Greensboro less than 7 miles from the expanding Piedmont Triad International Airport and in close proximity to a variety of retail options. The plethora of employers located in this submarket have driven submarket fundamentals such as population, household income, and rent growth significantly upward in recent years. The surrounding areas truly mirror the Greensboro economy’s recent shift toward expanding its white-collar workforce through educational attainment and growing financial and tech market sectors. New ownership has the opportunity to boost NOI by nearly 43% by implementing a proven interior renovation program.
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Century Oaks at College
60 Units
337 Guilford College Road
Greensboro, NC  27409
Type:  Multifamily
Closed: 9/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 252-unit Oak Ridge at Pelham apartment community located in the burgeoning Greenville, SC area. This asset is situated in the highly coveted Thornblade neighborhood characterized by an affluent and educated demographic pool as HHI’s are $115k+, 52% of people have a bachelor’s degree or higher, and 75% are white collar employees. Built in 1986, Oak Ridge at Pelham presents an outstanding opportunity to invest in an extremely well maintained asset within the thriving Greenville market distinguished by attractive multifamily fundamentals, a diminishing multifamily development pipeline and an opportunity to achieve $150 average rent premiums through a Class-A value-add 2.0 campaign.
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Oak Ridge at Pelham
252 Units
150 Oak Ridge Place
Greenville, SC  29615
Type:  Multifamily
Closed: 9/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Mosby University City, a 309-unit newly built apartment community located in Charlotte, NC. The property is ideally situated in the University City submarket of Charlotte. This booming submarket is highlighted as one of Charlotte’s largest employment centers (~75k total employees), features 23 Fortune 500 companies, 430 Retail locations, 11M SF of office space, the University of North Carolina at Charlotte, and direct access to the Lynx Light Rail through multiple stations. The property offers large floorplans coupled with premier, luxury features, with ideal lifestyle amenities conveniently located nearby. Mosby University City presents an outstanding opportunity to invest in a newly built Class A institutional-quality asset located in a thriving submarket that offers organic rent growth through rental headroom from nearby competitors.
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Mosby University City
309 Units
404 Gallop Lane
Charlotte, NC  28213
Type:  Multifamily
Closed: 9/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Capital Club at Indian Land, a 312-unit, 2020-built Class A community located in one of Charlotte’s most up-and-coming submarkets, Indian Land. This affluent South Carolina submarket is defined by its high-income, white-collar workforce resident base, highly-rated school system, and expansive population growth over the past decade. Among the limited Class A supply in Indian Land, Capital Club at Indian Land stands apart with its differentiated Build to Rent Townhome component and best-in-class, premier amenity package available to its impressive resident demographics. The property’s proximate location to major local employers, retail and entertainment options, and ideal access to the established job nodes of affluent Ballantyne and SouthPark offer residents of Capital Club an ideal mix of lifestyle amenities and deep employment options. Capital Club at Indian Land represents a fantastic opportunity to invest in a newly built, Class A community with impressive leasing velocity, favorable market rent projections, and recent leasing activity already proving out higher rents during lease-up.
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Capital Club at Indian Land
312 Units
2278 Capital Club Way
Indian Land, SC  29707
Type:  Multifamily
Closed: 9/14/2021