The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 70-unit Oak Hollow apartment community located in Rock Hill, SC. Built in 1970, the property is situated adjacent to one of the area’s most popular retail and entertainment hubs, Knowledge Park. Rock Hill has emerged as a location of choice for global investment in advanced manufacturing and distribution, serving as a key driver for some of the strongest rent gains in the metro. The growing demand of the submarket paired with muted supply poises the property for consistent returns, with an opportunity to boost NOI through implementation of a value-add 2.0 initiative.
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Oak Hollow
70 Units
810 Finley Road
Rock Hill, SC  29730
Type:  Multifamily
Closed: 2/14/2022
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)
Summerlyn Place
140 Units
750 Boone Station Drive
Burlington, NC  27215
Type:  Multifamily
Closed: 2/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 34-unit NOMA Flats apartment community located in Richland County, Columbia, South Carolina. This asset is situated in the rapidly expanding Elmwood Park neighborhood within the Central Columbia/University submarket. This historic community is known as “Columbia’s Front Porch”, characterized by strong projected rent growth (12.6%), steadily growing HHI (13.5%), and predominately white-collar employment (71%). Built in 1970, NOMA Flats represents an outstanding opportunity to invest in a vibrant and notable community. With 8 units fully renovated, new ownership is provided a value-add opportunity to upgrade the remaining 26 (75%) to the same finish level and commands average premiums of $155.
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NOMA Flats
34 Units
2637 River Drive
Columbia, SC  29201
Type:  Multifamily
Closed: 2/10/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 3-property, 1980s-1990s vintage, 178-unit GSO Portfolio located in Greensboro, NC. Guilford Place, Nottingham, and Pepper Tree apartment communities are ideally located in the rapidly growing West Greensboro submarket where home values, household income growth, employment opportunities, and retail expansion are on the rise. The GSO Portfolio is primed for organic rent growth in a submarket projected to see 4.4% YoY rent growth through 2025. Furthermore, incoming ownership can capitalize on a market supported value-add initiative by pushing rents $150+ culminating in a staggering 60% boost to NOI.
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GSO Portfolio (3 properties, 178 units)
Guilford Place Apartments
44 Units
320 Guilford College Rd
Greensboro, NC  27409
Closed: 1/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 3-property, 1980s-1990s vintage, 178-unit GSO Portfolio located in Greensboro, NC. Guilford Place, Nottingham, and Pepper Tree apartment communities are ideally located in the rapidly growing West Greensboro submarket where home values, household income growth, employment opportunities, and retail expansion are on the rise. The GSO Portfolio is primed for organic rent growth in a submarket projected to see 4.4% YoY rent growth through 2025. Furthermore, incoming ownership can capitalize on a market supported value-add initiative by pushing rents $150+ culminating in a staggering 60% boost to NOI.
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GSO Portfolio (3 properties, 178 units)
Nottingham
62 Units
4240 United Street
Greensboro, NC  27407
Type:  Multifamily
Closed: 1/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 3-property, 1980s-1990s vintage, 178-unit GSO Portfolio located in Greensboro, NC. Guilford Place, Nottingham, and Pepper Tree apartment communities are ideally located in the rapidly growing West Greensboro submarket where home values, household income growth, employment opportunities, and retail expansion are on the rise. The GSO Portfolio is primed for organic rent growth in a submarket projected to see 4.4% YoY rent growth through 2025. Furthermore, incoming ownership can capitalize on a market supported value-add initiative by pushing rents $150+ culminating in a staggering 60% boost to NOI.
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GSO Portfolio (3 properties, 178 units)
Pepper Tree
72 Units
4303 Trinity Avenue
Greensboro, NC  27407
Closed: 1/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 464-unit Pine Crest apartment community located in North Charleston, SC. The 42-acre site is strategically located near the eclectic neighborhood of Park Circle, offering varied dining and entertainment options, as well as the evolving Charleston Navy Base & Shipyard and easy access to I-26. As one of the few workforce housing assets in the Park Circle submarket, Pine Crest has ideal access to multiple large employers and variety among employment options. Built in 1945 and situated on 42 acres, Pine Crest offers an outstanding opportunity to invest in a value-add proposition that is strongly supported by large rent deltas with rent comparables in the market. In addition to the value-add opportunity, investors will be able to acquire 42 favorably-located acres in a dynamic and growing submarket, expected to only improve with the projected transformative construction and reuse projects planned and currently underway in the area.
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Pine Crest
464 Units
1920 McMillan Ave
North Charleston, SC  29405
Type:  Multifamily
Closed: 1/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit, Hudson Montford apartment community, a one-of-a-kind, core plus asset immersed in the heart of in-town living. The asset is located in the epicenter of Montford Park, Charlotte’s next core micro market exploding with commercial development and characterized by an affluent resident base ($137,000 avg. HHI), skyrocketing home values ($514,000 MHV), and Charlotte’s premier employment hubs with 195,000 jobs within a 15-minute drive. Built in 1999, Hudson Montford recently received a $6.3M capital infusion - creating thoughtfully reimagined interiors and an upgraded amenity package to match. While these upgraded interiors already rival the submarket’s best, new ownership still has the opportunity to implement a niche, luxury finish package that would differentiate Hudson Montford as the submarket’s crown jewel asset. These exquisite upgrades coupled with an average floorplan size 200+ square feet larger than neighboring infill submarkets provide new ownership a unique opportunity to close the $200 rent gap to nearby competitors as well as the $425 rent gap to the neighboring submarket of South End.
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Hudson Montford
204 Units
1420 Estates Avenue
Charlotte, NC  28209
Type:  Multifamily
Closed: 12/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit, Latitude at West Ashley. The property, built in 1968 and 1973, is located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston and other major employment centers. Latitude at West Ashely is positioned off Sam Rittenberg Blvd and is set to continue pulling from a demographic defined by disposable income with white collar jobs. Current ownership has spent a significant amount of targeted capital infusion on the exterior and amenities, allowing the new buyer to focus on interior upgrades. Latitude at West Ashley offers new ownership the opportunity to complete and enhance the in-place value-add program to bridge the $360 avg rent gap from market competitors.
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Latitude at West Ashley
312 Units
1735 Ashley Hall Road
Charleston, SC  29407
Type:  Multifamily
Closed: 12/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the completely repositioned 97-unit Terrain at Haywood apartment community located in the bustling Greenville metro area. Terrain at Haywood is situated in a desirable pocket of Greenville characterized by its young, affluent and educated demographic base as avg. HHI’s are north of $83k with a 66% white collar population and 46% have obtained a bachelor’s degree or higher. Along with being located in the highly coveted Greenville County School District, the property is also surrounded by an abundance of high-end retail (Haywood Mall & Magnolia Point) and jobs, including 4 of Greenville County’s largest employers within a 5-mile radius. Built in 1983 and repositioned in 2018, Terrain at Haywood has undergone major renovations to both the interior and exterior ($2M+) as all units have been renovated with top-of market finishes and all common areas and amenity spaces have been thoughtfully curated and detailed with modern touches.
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Terrain at Haywood
97 Units
48 McPrice Court
Greenville, SC  29615
Type:  Multifamily
Closed: 12/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Gates at Summerville, a 232-unit apartment community located in bustling Summerville, South Carolina. This asset sits immersed in one of the most desirable submarkets in Charleston. With 66% white collar population, an avg. HHI set to eclipse $105k in 2025, access to the #1 school district, and in close to proximity to major employment nodes, Gates at Summerville is primed to benefit from this windfall. Built in 1979, this property provides investors with the opportunity to acquire a well maintained asset primed for a strategic value add program. Through a $9,200/unit renovation focused on interior revitalization and the addition of washers/ dryers new ownership can command monthly rent premiums in excess of $280. This represents a 26% return on investment.
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Gates at Summerville
232 Units
1225 Boone Hill Road
Summerville, SC  29483
Type:  Multifamily
Closed: 12/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 76-unit Chapman Pointe apartment community located in Dallas, North Carolina (Gastonia). Built in 1999, the property is situated just north of the newly widened I-85, US-321 Interchange, and is poised to benefit from the rise in population anticipated from the infrastructure improvements. Gaston County has emerged as a location of choice for foreign investments in advanced manufacturing, serving as the key driver for some of the strongest rent gains in the metro. The growing demand of Gastonia paired with muted supply in 2020 poises the property for consistent returns and an opportunity to boost annual NOI by $160,000 through continuing the in-place value add program (14% renovated).
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Chapman Pointe
76 Units
500 Chapman Pointe Circle
Dallas, NC  28034
Closed: 12/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 110-unit Bellingham Park condominium community located in Wilmington, NC, the 3rd fastest growing city in the state. The offering is for 110 units out of the total 284-unit Bellingham Park community. Built in 2006/2012, Bellingham Park is a strong performing asset with excellent occupancy and rent growth trends. Wilmington is experiencing significant population growth due to in-migration accelerated by the pandemic, as remote workers love the affordable beach lifestyle and beautiful scenery that the North Carolina coast has to offer. Impressive leasing trends are expected to continue with Wilmington ranking top 20 city in the United States for in-bound population growth in 2020 contributing to the impressive 8.5% rent growth in the market over the past year. Incoming investors can capitalize on strong market fundamentals by completing the in-place value-add program that will generate $111K in annual revenue yielding a 14.5% boost to NOI.
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Bellingham Park
110 Units
1522 Cadfel Court
Wilmington, NC  28412
Type:  Multifamily
Closed: 12/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, 1979-built Aven apartments in Durham, NC. The property is ideally located in the heart of the Research Triangle, home to over 300 companies employing more than 50,000 workers including 2 recent announcements of Google and Apple establishing offices in the area. Raleigh-Durham is 2021’s top market for Multi-family acquisition and Aven is primed to capitalize on impressive rent growth, superb demographics, robust economic activity, and seamless access to the area’s premier employment, retail, and dining destinations by way of Interstate-54, the Triangle Expressway, and Interstate 40. With little deferred maintenance and a proven interior renovation program, new ownership will be uniquely positioned to complete the in-place program generating $90-$160 premiums.
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Aven Apartments
144 Units
3207 Stones Throw Lane
Durham, NC  27713
Type:  Multifamily
Closed: 12/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 256-unit Dwell at Greenridge apartment community located in the prestigious submarket of North Charleston, SC. This asset is situated in a highly sought-after area, perfectly located between Charleston and two of South Carolina’s largest manufacturers (Boeing and Volvo), boasting over 35k+ jobs within 3 miles and unmatched lifestyle amenities, including direct access to top tier retail and the Charleston International Airport. Built in 1980, Dwell at Greenridge represents an outstanding opportunity to invest in a high growth southeastern market benefiting from proximity of top employers, sizable tourism, and local pricing, while offering an unprecedented value add opportunity commanding average premiums of $209.
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Dwell at Greenridge
256 Units
7910 Crossroads Drive
North Charleston, SC  29406
Type:  Multifamily
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 354-unit, Foxfire apartment community located in Durham, NC. Strategically located in North Durham, Foxfire enjoys easy access to nearby top employers and a vast selection of retail and entertainment options. Incoming investors can capitalize on Foxfire’s value-add potential as submarket rents continue to rise in response to Durham and the NC Triangle’s strong economic growth. As Downtown Durham continues to revitalize its infrastructure, this quality asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.
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Foxfire
354 Units
1400 Wyldewood Road
Durham, NC  27704
Type:  Multifamily
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 667-unit KRC Columbia Value-Add 4 Portfolio, which can be acquired together or individually. Located in three of Columbia’s most prestigious submarkets, Wildewood, Dutch Fork, and Lexington, the assets are situated in highly sought-after submarkets with immediate access to top tier retail, Downtown Columbia 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 four attractive assets that are poised for substantial growth through value-add strategies and market-backed rental upside.
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Columbia KRC 4 Portfolio (4 properties, 667 units)
KRC Foxfire
200 Units
408 Foxfire Drive
Columbia, SC  29212
Type:  Multifamily
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 667-unit KRC Columbia Value-Add 4 Portfolio, which can be acquired together or individually. Located in three of Columbia’s most prestigious submarkets, Wildewood, Dutch Fork, and Lexington, the assets are situated in highly sought-after submarkets with immediate access to top tier retail, Downtown Columbia 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 four attractive assets that are poised for substantial growth through value-add strategies and market-backed rental upside.
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Columbia KRC 4 Portfolio (4 properties, 667 units)
KRC Quail Hollow
215 Units
2700 Feather Run Trail
West Columbia, SC  29169
Type:  Multifamily
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 667-unit KRC Columbia Value-Add 4 Portfolio, which can be acquired together or individually. Located in three of Columbia’s most prestigious submarkets, Wildewood, Dutch Fork, and Lexington, the assets are situated in highly sought-after submarkets with immediate access to top tier retail, Downtown Columbia 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 four attractive assets that are poised for substantial growth through value-add strategies and market-backed rental upside.
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Columbia KRC 4 Portfolio (4 properties, 667 units)
KRC West Winds
100 Units
105 Hillpine Road
Columbia, SC  29212
Type:  Multifamily
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 667-unit KRC Columbia Value-Add 4 Portfolio, which can be acquired together or individually. Located in three of Columbia’s most prestigious submarkets, Wildewood, Dutch Fork, and Lexington, the assets are situated in highly sought-after submarkets with immediate access to top tier retail, Downtown Columbia 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 four attractive assets that are poised for substantial growth through value-add strategies and market-backed rental upside.
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Columbia KRC 4 Portfolio (4 properties, 667 units)
KRC Wildewood
152 Units
127 Sparkleberry Lane
Columbia, SC  29223
Type:  Multifamily
Closed: 12/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 23-acre Navassa Road Land located in Leland, North Carolina. Situated within an opportunity zone inside the fastest growing town in NC, the site is in a prime location for new development with lenient zoning standards of 24 dwelling units per acre. Located only 4 miles from a booming downtown Wilmington, Navassa Road Land is perfectly situated to experience all that Wilmington has to offer, while Leland implements developmental changes to its infrastructure in order to capture the 73% population growth the town has achieved since 2010. The site is in the heart of Leland’s Gateway District - an area the town has prioritized for immediate infill redevelopment. Navassa Road Land is poised to benefit from upward trending demographics and continual redevelopment growth plans, including the rebranded Leland Innovation District, that will reward developers for decades to come.
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Navassa Road Land - 23.07 Acres
23.07 Acres
Navassa Road
Leland, NC  28451
Type:  Land
Closed: 12/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 172-unit Orchard Park apartment community located in burgeoning Greenville, SC. This asset is positioned in the heart of a market emerging as a national powerhouse, providing ease of access to Greenville’s largest employment nodes including the Prisma Health Patewood Hospital campus and major retail in the Haywood Mall. Situated in the affluent and educated North Greenville submarket, Orchard Park benefits from impressive surrounding fundamentals as 3-mile demographics boast high avg. HHI’s ($82k+), 67% of people work a white-collar job and rent growth is projected to rise 13% by 2026. On the heels of an extensive exterior renovation, new ownership is presented the opportunity to continue the in-place Class-A renovation scope on the remaining 68 units (40%) achieving premiums up to $194 over classic units.
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Orchard Park
172 Units
49 Orchard Park Drive
Greenville, SC  29615
Type:  Multifamily
Closed: 12/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit Willowbrook apartment community located just outside of one of the nation’s fastest emerging primary markets in Greenville, SC. This asset is situated in the highly affluent and educated South Greenville submarket as average household incomes are projected to soar to almost $104k by 2025 with 72% of the population working white collar jobs and 44% obtaining a bachelor’s degree or higher. Built in 2000, Willowbrook arrives to market with 72 units (50%) renovated with class-a features achieving premiums up to $224 paving the way for new ownership to finish out the successful renovation campaign currently in place.
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Willowbrook
144 Units
130 Willow Forks Drive
Simpsonville, SC  29681
Type:  Multifamily
Closed: 12/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 107-unit, Azalea Park apartment community located in Durham, NC. Built in 1973 and revamped in 2006, this asset is strategically located near Interstate 85, with easy access to nearby top employers and a vast selection of retail and entertainment options. The property has received over $1M in capital improvements since 2017 and incoming investors can capitalize on Azalea Park’s value-add potential as submarket rents continue to rise in response to Durham and the NC Triangle’s strong economic growth. As Downtown Durham continues to revitalize its infrastructure, this quality asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.
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Azalea Park
108 Units
2105 Bogarde Street
Durham, NC  27705
Type:  Multifamily
Closed: 12/15/2021