The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Fields Archdale Station, a 243-unit, 1969-built apartment community in Charlotte, NC. The property is conveniently located in a sought after South Charlotte neighborhood that is situated along the light-rail, offering tenant’s unparalleled connectivity. The Fields Archdale Station is a recent recipient of a $1.2 Million CapEx infusion that includes extensive exterior work and amenity renovations, allowing incoming investors to focus on the existing interior upgrade initiative. Current ownership has upgraded twenty-eight units for which they are achieving monthly rental premiums of up to $114. This coupled with the organic rent growth the submarket is currently experiencing gives incoming investors the unique opportunity to boost annual NOI by more than 25%
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The Fields Archdale Station
243 Units
6614 Wisteria Drive
Charlotte, NC  28210
Type:  Multifamily
Closed: 5/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the Ashford Pointe and Ashford Cove apartment communities located in Anderson, SC. The combined 316-units are conveniently situated in a highly trafficked area north of downtown Anderson, in close proximity to the region’s top employers and an abundance of walking distance retail. Given Anderson County’s lack of supply with no proposed deliveries until 2021, submarket fundamentals are expected to well outperform the greater MSA. Additionally, these two assets are being offered following a capital infusion of $3.5 million, giving incoming investors the opportunity to focus on enhancing value by an impressive 30% through completion of the already proven interior value-add initiative.
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Ashford Cove & Ashford Pointe (2 properties, 316 units)
Ashford Cove
136 Units
201 Miracle Mile Drive
Anderson, SC  29621
Type:  Multifamily
Closed: 4/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the Ashford Pointe and Ashford Cove apartment communities located in Anderson, SC. The combined 316-units are conveniently situated in a highly trafficked area north of downtown Anderson, in close proximity to the region’s top employers and an abundance of walking distance retail. Given Anderson County’s lack of supply with no proposed deliveries until 2021, submarket fundamentals are expected to well outperform the greater MSA. Additionally, these two assets are being offered following a capital infusion of $3.5 million, giving incoming investors the opportunity to focus on enhancing value by an impressive 30% through completion of the already proven interior value-add initiative.
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Ashford Cove & Ashford Pointe (2 properties, 316 units)
Ashford Pointe
180 Units
200 Country Club Lane
Anderson, SC  29652
Type:  Multifamily
Closed: 4/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Enclave at Rivergate - a 216-unit, 2009-built core-plus opportunity immersed in the rapidly growing Charlotte, NC suburb of Steele Creek. The affluent ($86,638 avg. HHI) and rapidly growing area has swelled 24% since 2010 and is expected to grow an additional 22% through 2022 as incomes are expected to grow by 14% ($98,700). The well-constructed asset boasts the largest average unit size in the submarket (25% larger on average) and is ideally positioned for a multi-layered value-add program yielding a 23% increase in annual NOI. The property is ideally situated in a thriving submarket with the lowest concession level in the MSA, favorable supply/demand dynamics and a submarket-supported rent growth runway of $148 - $296.
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The Enclave at Rivergate
216 Units
12400 Toscana Way
Charlotte, NC  28273
Type:  Multifamily
Closed: 4/24/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 574-unit, 1971-1986 built Reserve at Providence. The property offers a well-located value-add opportunity with economies-of-scale in a premier, high barriers-to-entry submarket with a dwindling supply of Class B properties. The property offers a proven value-add program ($150 - $294 premiums) with 83% of the units remaining (478 units) to be renovated. In addition, further upside remains as value-add competitors and newer competition are averaging rents from $232 to $418 higher than Reserve at Providence.
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Reserve at Providence
574 Units
5931 Providence Road
Charlotte, NC  28226
Type:  Multifamily
Closed: 3/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Myrtle Landing, a 144-unit townhome community in Wilmington, NC. Newly constructed in 2017, the asset is firmly cemented along the path of development in South Wilmington and offers the only low-density, condo-grade townhome community in the MSA. Myrtle Landing is primed to benefit from both pent-up organic rent surges and a market-supported rent runway, offering the unique opportunity to acquire a Class-A asset with substantial rent growth potential. In addition, the property offers investors a legitimate condo conversion exit strategy in a market with exploding population, striking demographics, and a high concentration of wealthy retirees.
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Myrtle Landing
144 Units
7220 Myrtle Grove Road
Wilmington, NC  28409
Type:  Multifamily
Closed: 3/23/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Wedgewood Townhomes, a 122-unit townhome community in North Charleston, SC. Built in 1984, the property boasts an attractive unit mix of spacious townhomes that are 204 SF larger than the competitive submarket average. The property is in the midst of a positive operational trend - trailing six-month and three-month EGI sit +1.42% and +3.82% above trailing twelve-month levels, respectively. New ownership has the opportunity to leverage this up-tick, and realize a potential 51% boost to annual NOI through completion of a market-supported upgrade package - to bring trailing rents to the submarket average. The asset is also well-positioned in a booming submarket - +31% rent growth since 2012 - as residents enjoy close proximity and seamless access to the area’s major economic drivers and retail corridors.
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Wedgewood Townhomes
122 Units
4791 Apartment Boulevard
North Charleston, SC  29418
Type:  Multifamily
Closed: 3/23/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Oak Creek Village, a 501-unit 1972-built (substantially renovated in 2007) apartment community in Durham, NC. The property has 648 feet of frontage on U.S. 15-501 (Durham-Chapel Hill Boulevard), the major artery between downtown Durham and Chapel Hill. The nearby I-40 interchange provides further connectivity to Research Triangle Park, Raleigh, and Greensboro. The opportunity offers multiple value-add investment strategies, where NOI growth of varying levels is available depending on the scale of investment. There is a "plug and play" approach where minor capital investment results in 21% NOI growth and a full-scale approach with interior upgrades where 67% NOI growth is available. Investors can benefit from one or a combination of both options.
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The Garrett (Oak Creek Village)
501 Units
4230 Garrett Road
Durham, NC  27707
Type:  Multifamily
Closed: 3/15/2018

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Preserve at Pine Valley, a 219-unit apartment community in Wilmington, NC. Located in a market with exploding population, striking demographics, and a booming economy, The Preserve at Pine Valley is poised to benefit from a market-supported rent runway. Operational trends at the property have responded well to a recent $825,000 CapEx injection as monthly collections have grown 20% since Sept-16. With almost all of the units at The Preserve at Pine Valley remaining in their original state and rents resting $195 below the submarket average, new ownership can focus on a market supported interior value-add initiative that is proven to boost annual NOI by more than 38%.

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The Preserve at Pine Valley
219 Units
3314 Wickslow Road
Wilmington, NC  28412
Type:  Multifamily
Closed: 2/28/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 386-unit Oaks at Northgate and Leon Court apartment community in the Durham, NC MSA. Recently renovated in 2016 /2017, the property is located in a rapidly expanding jobs market that will outpace multifamily supply by a 14:1 ratio (in 2019); and is also in close proximity to key employers, retail centers, and thriving Downtown Durham (2 miles). The property’s immediate submarket zone boasts immense pricing velocity for recent single family and multifamily trades that currently sit above the broader submarket average 6% and 26%, respectively. New ownership has the opportunity to capture a potential 82% boost to NOI through a proven, multi-pronged value-add program. The $1 Million recently spent on exterior improvements offers investors a jump-start to realize this prospective NOI jolt within a shorter time-frame.
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Oaks at Northgate & Leon Court
386 Units
1306-C Leon Street
Durham, NC  27705
Type:  Multifamily
Closed: 2/16/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 96-unit Planters Trace apartment community. The property is located in the heart of the West Ashley neighborhood just minutes from Downtown Charleston. With convenient I-526 access, Planters Trace is located within close proximity to Downtown Charleston as well as major employment centers including Boeing (8,200 jobs), Joint Base Charleston (36,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). With recent targeted capex programs complete, new ownership will have the opportunity to complete the in-place value-add program (84% of units remaining) and add nearly $80,000 in annual NOI.
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Planters Trace
96 Units
2222 Ashley River Road
West Ashley, SC  29414
Type:  Multifamily
Closed: 2/15/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Parkway Crossing, a 248-unit, 1974-built garden apartment community in East Asheville, NC. Located two miles from Interstate 240, Parkway Crossing is situated within close proximity to some of Asheville’s premier retail destinations, including the Asheville Mall, the largest mall in Western North Carolina. With effective rents trailing its competitors by $161 on average and only light upgrades completed on 28 of the units, the property is primed for a full-scale, market supported value-add program. Additional NOI growth can be achieved by implementation of a water submetering program.
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Parkway Crossing
248 Units
102 La Mancha Drive
Asheville, NC  28805
Type:  Multifamily
Closed: 1/4/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the 215-unit, 1972-built Quail Hollow apartments and the 100-unit, 1981-built West Winds apartments located in the Columbia MSA. While both properties are located off of Interstate-26, Quail Hollow offers easy access to the area’s major economic drivers, and West Winds provides close proximity to the city’s premiere retail corridor and top-notch recreation. With interior value-add programs in place at both properties, new ownership has the opportunity to grow annual NOI at Quail Hollow and West Winds by an additional 17% and 23%, respectively.
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Quail Hollow & West Winds (2 properties, 315 units)
Quail Hollow (portfolio sale)
215 Units
2700 Feather Run Trail
West Columbia, SC  29169
Type:  Multifamily
Closed: 12/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Grove at Spring Valley – a 152-unit apartment community in Columbia, SC. Built in 1992, the asset offers investors the opportunity to capture a powerful 62% boost to NOI through a market-proven, multi-pronged value-add approach. Encouraging operational trends and over $2.1 Million in capital invested since 2014 afford new ownership an exceptional starting point. The property is well-positioned in an affluent, suburban location that boasts striking economic demographics and premier retail options within a one-mile radius. The Grove at Spring Valley is also situated in close proximity to major employment centers in Columbia – an MSA with favorable projections in rent growth, vacancy, and total employment.
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The Grove at Spring Valley
152 Units
127 Sparkleberry Lane
Columbia, SC  29223
Type:  Multifamily
Closed: 12/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the 215-unit, 1972-built Quail Hollow apartments and the 100-unit, 1981-built West Winds apartments located in the Columbia MSA. While both properties are located off of Interstate-26, Quail Hollow offers easy access to the area’s major economic drivers, and West Winds provides close proximity to the city’s premiere retail corridor and top-notch recreation. With interior value-add programs in place at both properties, new ownership has the opportunity to grow annual NOI at Quail Hollow and West Winds by an additional 17% and 23%, respectively.
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Quail Hollow & West Winds (2 properties, 315 units)
West Winds (Portfolio Sale)
100 Units
105 Hillpine Road
Columbia, SC  29212
Type:  Multifamily
Closed: 12/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 415-unit Serenity at Three Rivers apartment community in West Columbia, SC. Built in 1968 - 1974, Serenity at Three Rivers is ideally located just 2 miles west of Downtown Columbia, providing convenient access to major employment centers in both Richland and Lexington counties. The property is finalizing a $5.0 Million CapEx program focused on capital preservation and has fully upgraded eight units that are obtaining $100 - $145 rent premiums on average. In addition, the newly stabilized property offers tremendous organic upside as current rents are $262 below the submarket average. With a comprehensive value-add program bringing rents up to submarket averages, Serenity at Three Rivers would post an additional $1.3 Million in annual NOI.
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Serenity at Three Rivers
415 Units
100 Riverbend Drive
West Columbia, SC  29619
Type:  Multifamily
Closed: 12/20/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Palmetto Grove, a 368-unit garden apartment community located in the heart of North Charleston just minutes from Downtown Charleston. With convenient I-26 access, the property is just minutes from Downtown Charleston as well as major employment centers including Boeing (8,200 jobs), Joint Base Charleston (36,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). The property offers significant upside as current rents trail the submarket by $89 and nearby Class A competitors by $192 to $247 on average. The property is also located adjacent to Ingleside - a 1,500 acre mixed-use development currently under construction that will feature over 8 million SF of office, industrial and retail space.
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Palmetto Grove
368 Units
7927 St. Ives Road
North Charleston, SC  29406
Type:  Multifamily
Closed: 12/18/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Arbor Creek, a 280-unit, 1969-built garden apartment community located in Raleigh, NC. Conveniently situated in the Cary submarket of the explosive Raleigh-Durham MSA, Arbor Creek provides tenants with close proximity to the area’s premier retail destinations and economic drivers, and a highly sought after school system. Additionally, the submarket’s projected rent growth and occupancy rates of 13% and 97%, respectively, will complement property performance for years to come. With over $3 million in CapEx recently completed, Arbor Creek is a low-maintenance, clean asset with two different levels of proven value-add that have potential to increase annual NOI up to 15% upon completion.
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Arbor Creek
280 Units
5400 Portree Place
Raleigh, NC  27606
Type:  Multifamily
Closed: 12/15/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of Park at Clearwater, a 280-unit, 2000 / 2004-built apartment community in Aberdeen, NC. Fueled by its proximity to Fort Bragg, the local economy has blossomed in recent years, posting superior market fundamentals to both the state and Fayetteville. The property’s convenient location offers premiere retail at a walking distance and easy accessibility to the area’s primary economic drivers. Built in 2000 / 2004 with a unique architectural style and following a capital infusion of nearly $650,000, Park at Clearwater is a low-maintenance, quality asset with a proven in-place value-add program. With rents trailing the submarket average and upgraded units proving $95 monthly premiums, incoming investors will have the opportunity to boost annual NOI by an impressive 26%.
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Park at Clearwater
280 Units
800 Churchill Downs Drive
Aberdeen, NC  28315
Type:  Multifamily
Closed: 12/13/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 296-unit, two-property portfolio consisting of Berkshire Manor (104 units - 1972) and Berkshire Manor West (192 units - 1979). The properties are located across the street from each other in Carrboro, NC just two (2) miles from the University of North Carolina at Chapel Hill. The portfolio offers an outstanding opportunity to invest in two (2) solid performing assets with proven value-add opportunity in an affluent Chapel Hill submarket sheltered from future supply.
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Berkshire Manor & Berkshire Manor West (2 properties, 296 units)
Berkshire Manor
104 Units
101 Highway 54 Bypass
Carrboro, NC  27510
Type:  Multifamily
Closed: 12/4/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 296-unit, two-property portfolio consisting of Berkshire Manor (104 units - 1972) and Berkshire Manor West (192 units - 1979). The properties are located across the street from each other in Carrboro, NC just two (2) miles from the University of North Carolina at Chapel Hill. The portfolio offers an outstanding opportunity to invest in two (2) solid performing assets with proven value-add opportunity in an affluent Chapel Hill submarket sheltered from future supply.
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Berkshire Manor & Berkshire Manor West (2 properties, 296 units)
Berkshire Manor West
192 Units
112 Highway 54 Bypass
Carrboro, NC  27510
Type:  Multifamily
Closed: 12/4/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 304-unit, 2013-built Springs at Greenville apartments in Greenville, SC. The property is located just off of Interstate-385 in the heart of the "Industry Triangle," home to 8 of the city’s 10 largest employers and 50,000 jobs. The property’s ideal location also give residents the pleasure of being able to walk to premiere retail destinations along Woodruff Road. Springs at Greenville is a core-plus asset built with a unique architectural style, and has support to boost NOI 14% through a comprehensive interior value-add initiative.
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Springs at Greenville
304 Units
1000 Oak Springs Drive
Greenville, SC  29615
Type:  Multifamily
Closed: 11/29/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit The Quarters at Stones Bay located in Sneads Ferry, Onslow County, NC. The asset sits just 3 miles southwest of Camp Lejeune, the area’s largest economic driver. Built in two phases in 2012 and 2014, The Quarters at Stones Bay features an outstanding features and amenities package and presents an opportunity to acquire a top of the market asset at an attractive basis while building upon the already strong property-level economics. Additionally, there is an opportunity to develop 5 commercial outparcels totaling 9.89 acres to add additional scale at the property.
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Evolve at Stones Bay
240 Units
1001 Quarters Landing Circle
Sneads Ferry, NC  28460
Type:  Multifamily
Closed: 11/15/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Magnolia Ridge, a niche 84-unit garden apartment community located in Gaffney, SC. The property is strategically located in close proximity to historic downtown Gaffney and the nationally recognized Limestone College. The property is uniquely positioned in a market with minimal competition and an encouraging value-add story - offering a stable, cash-flowing investment with promising upside. With current rents trailing the submarket by $69, implementation of a value-add program would increase annual NOI by over 33%.
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Magnolia Ridge
84 Units
266 Goldmine Springs Road
Gaffney, SC  29340
Closed: 11/14/2017