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.
...
Sold
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.
...
Sold
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).
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
Azalea Park
108 Units
2105 Bogarde Street
Durham, NC  27705
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.
...
Sold
I-85 Corridor Value-Add Portfolio (4 properties, 570 units)
Country Club
110 Units
900 West Wilson Avenue
Mooresville, NC  28117
Type:  Multifamily
Closed: 12/15/2021
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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.
...
Sold
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