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Displaying results 73-96 of 369
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)
Country Club
110 Units
900 West Wilson Avenue
Mooresville, NC  28117
Type:  Multifamily
Closed: 12/15/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit portfolio Creekside at Wellington and Garden Villas in Gaffney, SC and Gastonia, NC, respectively. These strategically located, well-maintained properties are both located less than half a mile off of I-85 with access to major employment centers of the Upstate and Charlotte, while offering investors value-add opportunities in markets with scarce competition. Creekside at Wellington has untapped potential income with existing storage units on site and potential to boost NOI with implementation of a value-add initiative. With a proven value-add program in place, Garden Villas is well positioned to capitalize on Charlotte MSA’s tightening fundamentals.
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Creekside at Wellington & Garden Villas (2 properties, 192 units)
Creekside at Wellington
92 Units
1230 Overbrook Drive
Gaffney, SC  29341
Type:  Multifamily
Closed: 10/2/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit, Crescent Commons apartment community located in Fayetteville, NC. Built in two phases in 2002 and 2006, Crescent Commons offers a highly diverse unit mix with a significant discount to replacement cost as the property recently received a capital infusion of $750,000 in 2017. The property is positioned in walking distance to Fayetteville’s newest retail boom in the Skibo Road corridor, while situated 5.5 miles from the largest military installation in the world, Fort Bragg. The Fayetteville development pipeline is nearing stabilization as the market continues to absorb the delivery spike from 2012-2014, providing new ownership with the opportunity to capitalize on a value-add initiative to capture the rental gap and boost existing annual NOI by 29%.
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Crescent Commons
288 Units
812 Crescent Commons Way
Fayetteville, NC  28314
Closed: 3/27/2019
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)
Crescent Oaks
80 Units
130 West Crescent Square Drive
Graham, NC  27253
Closed: 2/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 259-unit Crest at Greylyn apartment community located in Charlotte, NC. This asset is situated in the highly desirable submarket of Matthews where a highly educated, affluent renter base has supported consistently strong rent growth over the past five years. A thinning development pipeline provides confidence these strong multifamily fundamentals will continue. An excellent location surrounded by retail and proximate to several major highways provides residents direct access to Charlotte’s largest employment hubs, including Uptown (135,000 daily employees), in less than 20 minutes. Built in 2013, Crest at Greylyn presents an unprecedented investment opportunity to inherit Class A construction and community amenities coupled with the potential for an interior renovation program that would achieve $150 premiums and ultimately increase NOI by 19%.
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Crest at Greylyn
259 Units
9415 Lucy Jane Lane
Charlotte, NC  28270
Type:  Multifamily
Closed: 5/7/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit South Carolina Value-Add Portfolio located in two of South Carolina’s most admired cities, Columbia and Spartanburg. Both assets are situated in South Carolina’s most robust and diverse markets with major employment centers and multifamily fundamentals that will support both assets for the long haul. Both the East Columbia and East Spartanburg submarkets are characterized by impressive rent growth, 15% and 20% respectively, dominant white-collar workforces, and majority renter occupied populations. Arbors at Windsor Lake and Cross Creek are both set to benefit from their strong micro locations with qualities such as impressive area demographics and seamless connectivity to economic drivers. Built in 1991/1981, the portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in high growth southeastern markets with strong value-add opportunities to command average premiums of $255.
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South Carolina Value-Add Portfolio (2 properties, 380 units)
Cross Creek
152 Units
345 Bryant Road
Spartanburg, SC  29303
Type:  Multifamily
Closed: 8/17/2022
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit, 1997-built Cypress Run apartments located in Columbia, SC. The property is conveniently situated off of Interstate-26, offering residents easy access to the area’s major economic drivers as well as the city’s premier retail corridor. Cypress Run is a quality, strong performing asset – boasting an average economic and physical occupancy of 96% over the trailing twelve (12) months – that has enormous upside potential through an interior upgrade initiative, and a discount to replacement cost.
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Cypress Run
204 Units
3430 Broad River Road
Columbia, SC  29210
Type:  Multifamily
Closed: 9/27/2017
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
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Delta Crossing
178 Units
6000 Delta Crossing Lane
Charlotte, NC  28212
Type:  Multifamily
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Den on Varsity, a recently renovated, 53-unit asset located in Raleigh, North Carolina. On the west side of Raleigh, Den on Varsity is adjacent to North Carolina State University, located within one of the strongest performing MSAs in the country over the past several years. Built in 1972, the property has recently stabilized following a significant repositioning through a capital infusion of $1.29M, or $24k/unit. Den on Varsity offers an outstanding opportunity to invest in a turn key asset primed to capitalize on future rent growth in one of the most recession resistant markets in the United States.
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Den on Varsity
53 Units
1527 Crest Road
Raleigh, NC  27606
Type:  Multifamily
Closed: 10/30/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 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 Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 223-unit Rolling Hills apartment community located in Durham, NC MSA. This asset is situated within an affluent, well-educated labor pool and is poised to benefit from a revitalized downtown Durham, which continues to attract new and expanding tech/healthcare employers. In addition, the asset is positioned within a top submarket projected to see strong rent growth. This coupled with current ownership’s substantial capital investment of $447,000 paves the way for new ownership to take advantage of an untapped value-add opportunity, which would boost NOI by 19%.
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Eagle Point
223 Units
412 East Pilot Street
Durham, NC  27707
Type:  Multifamily
Closed: 11/21/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Element at East North, the 152-unit apartment community located in flourishing Greenville, SC. This asset is situated in a sought-after pocket of Greenville characterized by its young, affluent, and educated demographic base boasting high HHI’s ($84k+), white-collar workforce (64%), and exceptional projected rent growth (24% through 2026). The property is set to benefit from its desirable micro location surrounded by an abundance of high-end retail (Haywood Mall & Magnolia Point), Greenville County’s nationally ranked school district, and easy access to I-85 for residents to reach over 94k jobs within a 15-minute drive. Built in 1967, Element at East North arrives to market with a proven in-place value-add program that can be enhanced with Class-A finishes to command average premiums north of $250.
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Element at East North
152 Units
50 Glenwood Road
Greenville, SC  29615
Type:  Multifamily
Closed: 9/22/2022
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 320-unit, 1985-built Emerald Forest apartments in Durham, NC. The property is located next door to the Research Triangle Park that plays home to over 200 companies employing more than 50,000 workers. Emerald Forest offers residents seamless access to the area’s premier dining and shopping destinations by way of Highway 54. A recent capital infusion of almost $3 million offers investors an ideal launch-pad for unit interior upgrades to escalate income. New ownership will be uniquely positioned to select from multiple go-forward value-add strategies - completing the current platform achieving $115 premiums, or pivoting to a market-supported "Value-Add 2.0" with impactful NOI growth potential of 46%.
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Emerald Forest
320 Units
4512 Emerald Forest Drive
Durham, NC  27713
Type:  Multifamily
Closed: 6/12/2018
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Enclave at Pamalee Square, a 242-unit apartment community located in Fayetteville, North Carolina. Surrounded by the region’s prominent thoroughfares residents of Enclave at Pamalee Square enjoy convenient access to prime retail and dining, as well as the largest employers in the city, including Fort Bragg. Enclave at Pamalee Square offers investors the opportunity to invest in a strong performing asset showing impressive operational momentum through 2020 and into 2021. The asset is primed for a value-add program to capitalize on market rental head room in a recession proof market that ranked #1 in annual effective rent growth in 4Q20 out of 150 ranked markets.
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Enclave at Pamalee Square
242 Units
1014 Enclave Drive
Fayetteville, NC  28301
Type:  Multifamily
Closed: 6/14/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 384-unit Enclave Blythewood apartment community located in the Columbia, SC MSA. Delivered in two phases (2008/15), Enclave Blythewood features high-quality design available significantly below replacement cost. Reinforced by favorable operations, the property is poised for a potential 50% NOI boost driven by a multi-faceted value-add program. Ideally located in North Richland County's affluent and rapidly expanding economic core, Enclave Blythewood is within two miles of 2,600 current jobs and 1,825 recent new jobs announced. Continued employment growth coupled with minimal supply positions Enclave Blythewood to enjoy the benefits of a tightening rental market.
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Enclave Blythewood
384 Units
2051-2 Blythewood Crossing Lane
Blythewood, SC  29016
Type:  Multifamily
Closed: 4/30/2019
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 Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the premier 312-unit Exchange at Windsor Hill apartment community located in bustling North Charleston, South Carolina. Situated north of the Peninsula in an area experiencing rapid economic growth, the North Charleston submarket continues to prove out its heightened multifamily desirability. With seamless connectivity to major thoroughfares, residents at the property enjoy direct access to the area’s largest employers such as Bosch Automotive (2k jobs), Joint Base Charleston (22k jobs), and Boeing (7k jobs) all within 5 miles of the property. Furthermore, residents at Exchange at Windsor Hill enjoy first class interior finishes with incredible attention to detail and a top-notch amenity package. Built in 2020, Exchange at Windsor Hill offers an exceptional opportunity to acquire a one-of-a-kind asset with tons of embedded upside through unparalleled projected rent growth (30% through 2027) and a $360+ rent delta to submarket comparables.
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Exchange at Windsor Hill
312 Units
8240 Windsor Hill Blvd
North Charleston, SC  29420
Type:  Multifamily
Closed: 12/14/2022
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Fiddlers Creek apartment community located in Winston-Salem, North Carolina. Given the proximity to major thoroughfares, residents can enjoy a short commute to downtown Winston-Salem, Hanes Mall and all of the region’s top employment. In addition to locational advantages, the submarket has seen 11% rent growth over the past 3.5 years and has no units proposed through 2021. The asset is sheltered from new competition and is set to continue strong rent growth trends. New ownership is presented with a unique investment opportunity to boost NOI by 62% through a multi-pronged value add approach totaling $355K in new revenue.
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Fiddlers Creek
160 Units
2180 Fiddlers Court
Winston-Salem, NC  27107
Type:  Multifamily
Closed: 12/31/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.21-acre, Fitzroy Huntsville land site located in Huntsville, AL. Investors can invest in the opportunity to construct a multifamily community zoned and approved for 272 apartment units. This site is situated along the strategically-located Research Park Submarket of west Huntsville. Huntsville is arguably one of the hottest economic metros in the U.S. and is ranked #6 market in the nation for job growth with over $8B in capital investments and 23K+ new jobs since the start of 2018. This asset has direct access to Huntsville’s numerous job cores such as Redstone Arsenal (44K+ jobs) and Cummings Research Park (27K+ jobs). With all of the due diligence done, and building permits submitted for, Fitzroy Huntsville offers an outstanding opportunity to for a developer to break ground in short order within one of nations hottest markets.
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Fitzroy Huntsville
8.21 Acres
Research Park Boulevard NW / Research Park Service Road
Huntsville, AL
Type:  Land
Closed: 7/19/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 5.27-acre Flats at General Time Development opportunity located in Athens, Clarke County, Georgia. The land is situated in the rapidly-expanding, northeast corridor. The Flats at General Time land offers an outstanding opportunity to invest in a large-scale master development plan, surrounded by employment opportunities and entertainment with retail, office, and hotel on the horizon. Wayfair recently announced more than 500 customer support jobs with its plan to occupy 45K SF of the General Time re-development which itself will feature over 250K SF.
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Flats at General Time 5.27 Acres
5.27 Acres
180 Newton Bridge Road
Athens, GA  30607
Type:  Land
Closed: 7/22/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Flats on 7th apartment community located in Raleigh, North Carolina’s burgeoning suburb of Garner. The property is surrounded by premier retailers and major thoroughfares, providing access to nearby employment hubs and a surging downtown. A recent $3.8 million capital infusion has prompted strong operational momentum and distinguished the asset as the foremost property of its vintage in the submarket. A lack of new supply, a rapidly expanding population, and the second highest occupancy levels across the market have created ideal rent growth conditions. Built in 1982 and renovated in 2018, Flats on 7th represents an outstanding investment opportunity for new ownership to capture $20,000 in immediate organic rent growth as old leases turn, while also capturing the projected 10% rent growth in the submarket over the next 3 years.
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Flats on 7th
136 Units
917 Seventh Avenue
Garner, NC  27529
Type:  Multifamily
Closed: 10/15/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Forest Edge Townhomes, a 134-unit townhome community in Raleigh, NC. Built in 1986 and recently renovated, the property is positioned in a rapidly expanding MSA - projected to post 19% population growth through 2022. The property’s submarket boasts impressive schools and economic fundamentals as rent growth and occupancy are expected to outpace the broader metro. Residents enjoy seamless access to top employment and retail centers as the asset is barbelled by Garner, NC and the booming Downtown Raleigh. Given the over $1.2 million of CapEx recently completed, investors have the chance to obtain a clean, all-townhome property with the prospect to boost NOI +12% through completion of a well-established value-add program.
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Forest Edge Townhomes
134 Units
2920 Boone Trail
Raleigh, NC  27610
Type:  Multifamily
Closed: 6/29/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 136 unit, 1980-built Forest Hills, located in Garner, NC within the Raleigh MSA. The asset is embedded in a prime location with convenient access to downtown Raleigh (4.5 miles), the Research Triangle Park (18 miles) and high-quality retail including nearby White Oak Crossing (2 miles). Formerly a LIHTC development with rent restrictions lifted in 2015, Forest Hills offers an outstanding opportunity to boost rents through a marketsupported value-add program and will further benefit from the strong fundamentals of the overall Triangle and Garner markets.
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Forest Hills (TC)
136 Units
917 Seventh Avenue
Garner, NC  27529
Type:  Multifamily
Closed: 2/17/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Fountains at Mooresville Town Square - a 227-unit, 2012-built institutional quality asset with market-supported upside. Embedded within the Mooresville Town Square lifestyle center, residents of Fountains enjoy a walkable mixed-use community offering everything from necessities to nightlife. Home to global corporations and commonly referred to as "Race City USA", Mooresville is well known for its dense collection of 60+ race teams and motorsports suppliers of NASCAR. With rapid population growth, an affluent resident pool and a diminished supply pipeline, Fountains is uniquely positioned to capitalize on a tightening rental market. In addition, the property offers market-supported value-add with expected $120 premiums - representing a potential to boost income by 18%.
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Fountains at Mooresville Town Square
227 Units
170 Mooresville Commons Way
Mooresville, NC  28117
Type:  Multifamily
Closed: 7/18/2018
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