Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Mosaic at Miramar Town Center, a 487-unit core-plus opportunity located in Miramar, Florida. Developed in 2015, the property contains a unique mix of townhome and midrise units located within the 54-acre master planned Miramar Town Center – a “downtown” with office, retail and civic buildings. The property is well positioned for a new owner to benefit from a value-add program enhancing the unit interiors to include: hard -surface flooring in the bedrooms, new interior paint scheme, backsplash, upgraded refrigerator and technology package. Current ownership has modestly renovated approximately 30 units and has been achieving premiums of $100-200 for bedroom flooring and an additional $25 for new interior paint. There is an established onsite demographic with an average age of 37 and average household income of $104,519 creating a rent-to-income ratio of 21.3%. The location of Mosaic at Miramar Town Center offers the ultimate walkability with excellent access to surrounding jobs, retail amenities and major roadways. Within three miles of the property, there is in excess of 13.2M square feet of office/industrial space.

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Mosaic at Miramar Town Center
487 Units
11575 City Hall Promenade
Miramar, FL  33025
Type: Conventional
Closed: 12/9/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire Altis Boca – South Florida’s premier 398-apartment home asset located in Boca Raton, Florida. The property is comprised in a 6-story midrise design with a combined average unit size of 1,005 square feet. Altis Boca is walkable to Park Place Shopping retail center anchored by a Fresh Market and six restaurants, ranging from fast casual to white tablecloth. The property is also located in Palm Beach County largest office market and is adjacent to the 625,000 square foot Office Depot world headquarters; making it one of South Florida’s most dynamic live and work environments. Developed by nationally recognized Altman Companies, Altis Boca Raton represents the rare opportunity to acquire one of the best apartment home communities in the Southeast United States within the highly coveted location of Boca Raton.

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Altis Boca Raton
398 Units
5500 North Military Trail
Boca Raton, FL  33496
Closed: 12/3/2020

290 Residences, Commercial Garage & Prime Retail

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Park-Line Palm Beaches (the “Property”) – a trophy 26-story residential high-rise developed as a part of the evolutionary Brightline Trains and overlooking the new Rosemary Square, Clematis Street, the Atlantic Ocean, Downtown West Palm Beach, and Palm Beach’s newest multi-tenant office building, 360 Rosemary. This coveted and irreplaceable asset opened in December 2018 and is comprised of 290 luxury residences, 790 parking spaces, of which 442 are master-leased to Brightline, and 13,235 square feet of ground floor, high-value retail. The property has exceptional onsite and neighborhood amenities from a 12th floor recreation deck with Intracoastal and Atlantic Ocean views to immediate walkability to Clematis Street, Rosemary Square, the newest Class-A offices in West Palm Beach, and direct walk-on walk-off ability to Brightline.

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Park-Line Palm Beaches
290 Units
591 Evernia Street
West Palm Beach, FL  33401
Closed: 11/25/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Worthington Court, a 152-unit value-add garden community in New Port Richey, Florida. Completed in 1985, the property sits on over 13 acres, providing a low density setting of only 11 units per acre. Worthington Court's location within New Port Richey is ideally located and central to some of the largest metros in Florida including Orlando, Tampa and Pasco County. The property has frontage with over 42,000 VPD and minutes from major retail, Medical Center of Trinity, and the Veteran’s Expressway providing a 30-minute commute to Tampa.

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Worthington Court
152 Units
7541 Highwater Drive
New Port Richey, FL  34655
Closed: 11/24/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 108-unit Tealwood Parke Apartments community located in Winter Park, Florida.

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Tealwood Parke
108 Units
4704 Lucier Court
Winter Park, FL  32792
Closed: 11/19/2020
Property is Located in a Designated Opportunity Zone With Tax Benefits

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Via Roma, a 288-unit value-add multifamily community in Daytona Beach, Florida which has received over $2.8 million in recent capital improvements.

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The Park At Via Roma
288 Units
875 Derbyshire Road
Daytona Beach, FL  32117
Closed: 11/12/2020

Cushman & Wakefield, as exclusive marketing advisor is pleased to present The Palms, a garden-style apartment community consisting of 340 units located in Davie, Florida. Completed in 1998 and set within a low density setting of 9 units per acre, the property features a mix of one, two and three-bedrooms with an average unit size of 987 square feet. The Palms’ Central Broward location, with direct access and exposure to I-595 (144,000 cars daily) allows it to benefit from the recently completed commuter infrastructure project with access to Plantation’s Midtown Business District, Sawgrass Corporate Park, Fort Lauderdale CBD, South Florida Education Center, Fort Lauderdale International Airport, and Port Everglades. Residents also benefit from access to A-rated public schools. The Palms has undergone renovations to 75% of its units and has been achieving premiums of $175. A future investor will be able to continue these renovations, as well as, further enhance the in-unit finish levels and generate additional income potential exceeding $445,000 per year.

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The Palms
340 Units
11000 Cameron Court
Davie, FL  33324
Type: Conventional
Closed: 11/2/2020

Cushman & Wakefield is pleased to present The Lumin Boca Raton, (the “Property”), a 180-unit, Class AA garden-style apartment community located in Boca Raton, Palm Beach County’s most dynamic business hub.

The Lumin Boca Raton was constructed in 2018 and features unparalleled apartment finishes and resort-quality community amenities, all of which result in a standard-setting asset that assures long-term demand and rental growth.

Locationally, The Lumin Boca Raton sits in the Park at Broken Sound, a 700-acre commercial, residential, and hospitality hub which has connections to all residential demand drivers such as top-tier employers, affluent demographics, top-ranked schools, and an unparalleled array of shopping, dining, and recreational lifestyle elements.

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The Lumin and Cade Boca Raton
270 Units
5500 Broken Sound Boulevard NW
Boca Raton, FL  33487
Type: Conventional
Closed: 10/26/2020
Cushman & Wakefield is pleased to present Jacob Apartments, an excellent value-add investment opportunity featuring - 20 oversized apartment units consisting of 12 two-and 8 three bedroom units averaging 1,180 square feet. The area immediately surrounding the property has excellent demographics. Average income in a one mile radius is $80,000, using 25% of income attributable to rent the demographics the immediate support rents of almost $1,700. Nearby public schools are among the best in Broward County which makes the unit mix even more desirable for potential renters.
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Jacob Apartments
20 Units
10120 NW 36th Street
Coral Springs, FL  33065
Closed: 10/15/2020
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire the Aliro Apartments (the “Property”) - an 869-unit value-add multifamily development located in North Miami, Florida. The Property is located along Biscayne Boulevard across from the $4 billion Sole Mia mixed-use development project. The Property’s central, east of I-95, Miami-Dade location is at the center of regional long-term growth. Aliro’s location is highly desirable to prospective residents due to its connectivity to major employment centers, education and medical hubs, and points of interest including numerous parks, malls, and beaches of the Atlantic Ocean.

Aliro offers a tremendous value-add investment opportunity because of its economies of scale, proven performance, and upside. Ownership has spent millions in recent capital improvements and has completed 338 in-unit renovations leaving 531 classic units available to be renovated by future ownership.

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Aliro
869 Units
14000 Biscayne Boulevard
North Miami Beach, FL  33181
Type: Conventional
Closed: 10/1/2020

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the Port Royale Apartments, a 553-unit apartment community located along the Intracoastal Waterway in Fort Lauderdale, Florida. This exclusive waterfront investment opportunity spans approximately 22 acres and features a midrise building with 161-units nestled along 380 feet of water frontage along with 392 garden style units graciously spread across 16 acres. The Port Royale Apartments were developed between 1988-1990 and today are part of an HOA which also includes 230 private condominiums in a single 20-story tower, 555 luxury rental units developed in 2017 and a 64-slip private marina. The 22 acre site is entitled for a total of 845 units, thus there remains the opportunity to develop an additional 292 units. To date, roughly 80% of the Property’s units have been renovated achieving average rent increases of $220. Port Royale represents a very unique investment opportunity in which a buyer can implement several complementary investment strategies to achieve outsized returns.

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Port Royale
553 Units
3101 Port Royale Boulevard
Fort Lauderdale, FL  33308
Closed: 9/11/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire AMLI Flagler Village, a midrise apartment community in the emergent Flagler Village neighborhood within Fort Lauderdale, Florida. Comprising 218 apartment homes and seven office units that comprise 7,200 square feet of space, this 7-story multifamily asset offers the opportunity to attain greater yields through implementation of a higher-tier customized modernization program that will increase returns for a new owner and also make it the community of choice given its large floor plans which average 1,047 square feet. With a 93 Walk Score, the property has access to the rapidly expanding nearby amenities and the most active employment market in Broward County.
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AMLI Flagler Village
218 Units
440 NE 4th Avenue
Fort Lauderdale, FL  33301
Closed: 9/2/2020
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 407-unit bulk condominium offering in Tzadik Oaks located in Tampa, Florida.

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Tzadik Oaks
407 Units
1250 E. 113th Ave.
Tampa, FL  33612
Closed: 8/17/2020
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present The Whittier, a 19-unit unique waterfront opportunity located at 4035 North Meridian Avenue in Miami Beach. The units average 721 square feet and are currently 100% occupied. The property is owned by an investor out of the country and managed with a third party company. A new owner has the ability to improve the operational performance at the property with more “hands on” management. Comparable properties are renting for $150 per unit higher than in-place rents.
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The Whittier
19 Units
4035 North Meridian Avenue
Miami Beach, FL  33140
Closed: 7/21/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Woodland Key Apartments, a 416-unit value-add multifamily community in Clearwater, Florida.

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Woodland Key
416 Units
2770 Roosevelt Blvd
Clearwater, FL  33760
Closed: 7/17/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Innovo Living on Atlantic (the “Property”) —a 310 unit, multifamily asset located in Coral Springs, Florida. The property is comprised of 48% one-bedrooms, 52% two-bedrooms. Completed in 1987, Innovo Living on Atlantic received an extensive capital infusion which included a brand new 5,138 square foot clubhouse featuring an expansive lounge area, climbing wall, fitness center, Yoga and Pilates studio, lap pool and business center. The interior units were completely repositioned to feature new cabinets, counter tops, appliances, lighting and hard surface flooring throughout. Additionally, the second floor units were modified to feature vaulted ceilings in the living area. The property has excellent drive-by visibility along Atlantic Boulevard with exposure to over 36,000 cars daily and is less than two miles from the Sawgrass Expressway providing access to over 47.7 million square feet of office within the major employment sectors of Sunrise, Plantation, Cypress Creek, Fort Lauderdale and Boca Raton.

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Innovo Living on Atlantic
310 Units
790 Harbor Inn Drive
Coral Springs, FL  33071
Closed: 6/25/2020
A Well-Maintained Asset with Value-Add Upside

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean Oaks, a 296-unit value-add garden community in Port Orange, Florida. Completed in 1988, the property features a two-story design with direct access units. The property sits on over 21 acres, providing a low density setting of only 14 units per acre. The property has undergone an extensive rehab program with over $2.5 million invested in capital improvements. Current ownership has also upgraded 68 units and is achieving rent premiums in excess of $150 per month. Ocean Oaks’ location within Port Orange is ideally located and central to some of the largest metros in Florida including Orlando, Jacksonville and Brevard County. The property is less than 1/2 mile from I-95 and provides a short commute to the areas largest employers including AdventHealth, Halifax Health, International Speedway, Boston Whaler, Frontier Communications and more. Ocean Oaks is located on the north side of Dunlawton Avenue which serves as a main thoroughfare in the area, with various retail and dining options within a short drive.

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Ocean Oaks
296 Units
1645 Dunlawton Avenue
Port Orange, FL  32127
Type: Conventional
Closed: 3/31/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Southern Cove Apartments, a 180-unit value-add garden community in Temple Terrace, Florida. Completed in 1974, the property sits on over 9 acres, providing a density setting of only 19.67 units per acre. Southern Cove’s location within Temple Terrace is ideally located at the center of a $1.5 billion redevelopment project created by the Tampa Innovation Alliance. The property is also centrally located within minutes from critical thoroughfares I-75 and I-275 allowing quick access to downtown Tampa, the Westshore Business District and Tampa International Airport

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Southern Cove
180 Units
8741 Grove Terrace
Temple Terrace, FL  33617
Closed: 3/17/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present Integra Sunrise Parc – a brand new, 300-unit luxury garden apartment community located in Kissimmee, Florida. The property was thoughtfully crafted to create the highest design standards and living experience. Located in the Hunter’s Creek/Sunrise City submarket, the property provides rare suburban accessibility to nearby shopping and dining that includes Publix, Walmart, The Loop and Lake Buena Vista Outlets. Residents also have access to one of the most active employment markets in the Orlando metro. Integra Sunrise Parc is being offered for the first time by its developers, Integra Land Company, CrossHarbor Capital and Panther Residential Management LLC.
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Integra Sunrise Parc
300 Units
4701 Luminous Loop
Kissimmee, FL  34746
Type: Conventional
Closed: 3/5/2020

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Silver Lake Multifamily Development Site located in Leesburg, Florida. The asset is situated in the desirable area of the Orlando-Kisimmee-Sanford MSA. Silver Lake Multifamily Development Site is an expansive 46.5 acres and is an approved PUD allowing for up to 256 buildable units. The site also has a rare and attractive 27-acre man made lake stocked with fish.

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Silver Lake Multifamily Development Site
46.5 Acres
Arbour Lake Drive
Leesburg, FL  34788
Type: Land
Closed: 3/5/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Cortona, a 220-unit value-add multifamily asset located in Lakeland, Florida. Constructed in 1989, the lakefront property features 3-story walk-up buildings with 8-foot ceilings on the first and second floors and vaulted ceilings on the top floors, and an average unit size of 794 square feet. The Park at Cortona has been well-maintained with over $2.3 million in recent capital improvements by the seller and represents a tremendous opportunity for increased cash flow generated through the continuation of an in-unit renovation program. Additional enhancement potential can be realized through development of the 9.16-acre Phase II land planned for 160 additional units.

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Park at Cortona
220 Units
5233 US 98 N
Lakeland, FL  33809
Closed: 3/3/2020
Institutional Quality Asset within the Innovative Space Coast

Cushman & Wakefield, as exclusive advisor, is pleased to present Ascend at 95 - a 300-unit, Class A garden residential asset. The property is comprised of 12, 3-story garden buildings with a combined average unit size of 977 square feet. Appropriately named, Ascend at 95 is less than ½ mile from I-95 and directly visible to over 160,000 cars daily. Located on Florida’s Space Coast, the area is known for its dynamic job growth and access to some of the top tech and space innovators such as Lockheed Martin, Northrop Grumman, Blue Origin and L3 Harris. Completed in September 2019, the property sets the standard for luxury apartment living with market leading finishes and amenities.

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Ascend at 95
300 Units
110 Sagecrest Circle,
West Melbourne, FL  32904
Type: Conventional
Closed: 2/20/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Pearl Flagler Village – the premier midrise apartment community in the emergent Flagler Village neighborhood within Fort Lauderdale, Florida. Comprising 350 apartment homes, this 7-story multifamily building opened and began leasing in January 2019 and units have been quickly absorbed. The property is nearing the end of its lease-up – it is 83% leased and 73% occupied and is projected to stabilize by the end of December. With a 92 Walk Score the property has access to the rapidly expanding nearby amenities and the most active employment market in Broward County. Developed by Morgan Group, the property sets the standard for luxury apartment living with market leading finishes and amenities.

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Pearl Flagler Village
350 Units
400 NE 3rd Avenue
Fort Lauderdale, FL  33301
Closed: 1/30/2020
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to purchase or joint venture 45 Winwood (the "Project"): a 2.14-acre development site located between NW 2nd and North Miami Avenues in the hip Wynwood submarket of Miami. The offering presents investors and developers with an exciting ground-up development opportunity for up to 321 multifamily units or 642 hotel keys, plus retail space. The Property currently has ±41,048 leaseable square feet that can be leased as is or renovated and retrofitted for high-end retail or creative office space to achieve maximum cash flow. With direct frontage on NW 24th and NW 25th Streets, 45 Winwood offers immediate walkability to what Vogue Magazine has dubbed one of the "Coolest Neighborhoods in the World."
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45 Winwood
2.14 Acres
45 NW 24th Street
Miami, FL  33180
Type: Land
Closed: 1/15/2020