Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Emerald Landings (the “Property”) – a 20-unit, luxury townhome community located in Tamarac, Florida. The property was built in 2015 to sell as individual townhomes. No townhomes were sold and the property operates as a single folio and ownership of all units.

Emerald Landings represents the rare opportunity for an investor to acquire a boutique, luxury townhome community without any HOA obligations. The property offers strong in-place income. Current market rents at the property are $2,364 whereas in place effective rents are $2,210 per month. A new investor can recognize revenue upside by eliminating $36,900 or $154/u/m in loss-to-lease by renewing or offering new leases to the units which are at below market levels. A new owner will also have the potential exit strategy of selling the units individually once the “for sale” market stabilizes.

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Emerald Landings
20 Units
7561 NW 88th Terrace
Tamarac, FL  33321
Closed: 8/31/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean House – the largest garden style multifamily community on Miami Beach. Ocean House is situated on over four-acres with over 750 feet of direct water frontage and totals 186 units in 23 two-story buildings. The property offers a favorable unit mix with 72% of units two or three bedrooms. The property is 97% occupied with exceptional strong collections during COVID-19.

In the past few years ownership has spent over $13 million in renovating the property. All units have been upgraded to one of two finish levels. 96 of the 186 units (±50%) have been upgraded to a “gold standard”. The other 90 units (±50%) have been upgraded to a platinum standard. Platinum units are renting $115 higher per unit per month.

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Ocean House Nobe
186 Units
7750 Tatum Waterway Drive
Miami Beach, FL
Closed: 8/31/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 300-unit value-add multifamily offering, Parc Place Villas, located in Tampa, Florida.

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Parc Place Villas
300 Units
6919 Bonair Drive
Tampa, FL  33617
Closed: 8/31/2021

Cushman & Wakefield is pleased to present the opportunity to acquire Tuscan Reserve - a Class A, 123-unit, two & three-story, garden-style apartment community located in Palm Coast, Florida (the "Property"). Completed in 2021, the Property offers residents top-of-the-market finishes, and immediate proximity to retail and dining options, as well as AdventHealth Palm Coast. Tuscan Reserve is located within minutes of both Interstate 95 and Flagler Beach. With thoughtful unit layouts in a mix of one, two, and three-bedroom apartments, Tuscan Reserve has set a new standard for luxury apartment living in Palm Coast.

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Tuscan Reserve
123 Units
402 Tuscan Reserve Drive
Palm Coast, FL  32164
Closed: 8/31/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 206-unit value-add multifamily offering, Shoreline Communtiy Apartments, located in Jacksonville, Florida.

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Shoreline Community Apartments
206 Units
4455 Confederate Point Road
Jacksonville, FL  32210
Closed: 8/27/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present Residences Uptown Boca, a brand new, 456-apartment home, Class AAA residential community located in Boca Raton, Florida.

Boca Raton is sought after for its A-rated schools, thriving retail corridors and tremendous access to employment. The property is walkable to the newest and most desirable retail in the area which includes 158,000 square feet and will be anchored by a high-end grocer. The property is adjacent to the 100-acre Jewish Federation of South Palm Beach County. This site includes schools, assisted living and community centers and is the largest of its kind in the US. Uptown Boca’s location provides access to over 18 million square feet of office space and over 125,000 jobs.

Residences Uptown Boca’s architecture and five-story design make a stunning impression. Its apartment homes have unrivaled asset quality, best-in-class finishes and thoughtful touches catering to the highest renter profile. The property opened in November and has averaged over 45 leases per month demonstrating the strength of the property and the market.

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The Residences Uptown Boca
456 Units
20940 Uptown Avenue
Boca Raton, FL  33428
Closed: 8/5/2021

Cushman & Wakefield is pleased to present the opportunity to acquire Parkside at East Village, a Class A, 282-unit, three-story, garden-style apartment community located in Lady Lake, Florida.

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Parkside at East Village
282 Units
13765 NE 136th Loop Road
Lady Lake, FL  32159
Closed: 8/4/2021

Cushman & Wakefield, as exclusive marketing advisor is pleased to present Village at Boca East, a garden-style apartment community consisting of 84 units located in Boca Raton, Florida. The property has an average unit size of 919 square feet with 83% of the units two or three bedrooms. Built in 1975, the property recently completed a $3.55 million renovation including: upgrading every unit with new kitchen, bathrooms, flooring and adding washer/dryers. The property is 94% occupied with market rents averaging $1,640.

The property is situated on 6.7 acres and has three areas that could allow up to 50 more units to be built on the site. Village at Boca East is located east of I-95 just south of Glades Road and is walking distance to Whole Foods, A-rated Boca Raton High and Middle Schools and less than five minutes from Florida Atlantic University, Boca Town Center and over 10 million square feet of office space.

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Village at Boca East
84 Units
1601 NW 13th Street
Boca Raton, FL  33486
Closed: 8/2/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer this opportunity to acquire one or more South Florida Transit- Oriented Development sites. This TOD land portfolio consists of five sites within immediate proximity to Brightline rail stations in downtown Miami and downtown Fort Lauderdale. All of the sites are zoned to permit intense, mixed-use development. The properties can be acquired individually, in groups, or all sites can be acquired as a portfolio.
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South Florida TOD Land Portfolio (4 properties, 6.29 acres)
FECI Land Fort Lauderdale East Grouping
1.72 Acres
Miami & Fort Launderdale
Type: Land
Closed: 7/20/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer this opportunity to acquire one or more South Florida Transit- Oriented Development sites. This TOD land portfolio consists of five sites within immediate proximity to Brightline rail stations in downtown Miami and downtown Fort Lauderdale. All of the sites are zoned to permit intense, mixed-use development. The properties can be acquired individually, in groups, or all sites can be acquired as a portfolio.
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South Florida TOD Land Portfolio (4 properties, 6.29 acres)
FECI Land Fort Lauderdale North Grouping
1.88 Acres
Miami & Fort Launderdale
Type: Land
Closed: 7/20/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 130-unit value-add multifamily offering, Hamlet Cove Apartments, located in Gainesville Florida.

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Hamlet Cove
132 Units
3010 SW 23rd Terrace
Gainesville, FL  32608
Type: Conventional
Closed: 7/20/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 301-unit value-add multifamily offering, Heritage on the River, located in Jacksonville, Florida.

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Heritage on the River
301 Units
4375 Confederate Point
Jacksonville, FL  32210
Closed: 7/20/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 464-unit value-add multifamily offering, Preserve at Cedar River, located in Jacksonville, Florida.

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Preserve at Cedar River
464 Units
4207 Confederate Point
Jacksonville, FL  32210
Closed: 7/20/2021
Ocean Bay is a 20-unit turnkey waterfront community on Miami Beach. The property has been fully renovated with over $950K in improvements, including: new impact windows, new electrical and plumbing, new roof, new stucco/waterproofing and paint, new railings and entry gate, new a/c units, new kitchen cabinetry with marble tile backsplash and granite countertops, all new appliances, updated bathrooms with bathtubs and vanity cabinets, and new community washers/dryers. Ocean Bay features new outdoor amenities including a new courtyard with seating, outdoor BBQ area and picnic tables overlooking the Tatum Waterway. The property is available below the replacement cost to acquire and renovate comparable properties in the immediate area.
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Ocean Bay
20 Units
8260 Byron Avenue
Miami Beach, FL  33141
Closed: 7/16/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 212-unit value-add multifamily offering, River Pointe Apartment Homes, located in Tampa, Florida.

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River Pointe
212 Units
8024 Hidden River Drive
Tampa, FL  33617
Closed: 7/2/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the core-plus investment opportunity to acquire the 700 unit City Center on 7th in Pembroke Pines, Florida. The property features an appealing unit mix with 425 garden style apartment homes and 275 two-bedroom townhomes with a market-leading size of 1,143 square feet. Of the townhomes, 55% have direct-access two car garages while 18% have one car garages. Originally built in two phases in 2014 and 2015, the property has upgraded 320 units – changing Formica countertop in the kitchens and bath to quartz for a $75 monthly premium. Given its two-phase development, the property now has two clubhouses, pools and fitness centers. The recently completed Pines City Center provides residents walkability to 300,000 square feet including Publix and other shopping and dining destinations. Its central Broward location provides residents quick commutes to the major employment centers in South Florida.

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City Center on 7th
700 Units
10170 SW 7th Street
Pembroke Pines, FL  33025
Type: Conventional
Closed: 6/18/2021

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire 100% interest in Marina Del Rey, a 108-unit waterfront value-add opportunity located in Miami Beach, Florida. The property offers over 400 feet on the water with a private boardwalk providing expansive Biscayne Bay views.

None of the units have been upgraded, allowing a new owner tremendous revenue upside with a comprehensive value-add program. Nearby renovated properties are commanding rent premiums providing a future buyer with rent upside of over $350 per unit. For example, the property next door to Marina Del Rey has been renovated with one and two bedrooms rent of $1,650 and $2,300. The current market rents for one and two bedrooms at Marina Del Rey are $1,250 and $1,660 respectively, providing a clear and compelling value add strategy for a new buyer.

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Marina Del Rey
108 Units
1006 Bay Drive
Miami Beach, FL  33141
Closed: 5/27/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 78-unit value-add multifamily offering, Sunwood Village Apartments, located in Leesburg, Florida.

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Sunwood Village
78 Units
39 Herald Drive
Leesburg, FL  34748
Closed: 5/26/2021
Cushman & Wakefield is pleased to present Milano Lakes, a newly stabilized luxury rental development in the affluent community of Naples, Florida. Milano Lakes offers exceptionally large and lavishly appointed apartment homes on a sprawling site with three lakes and extensive community amenities. This newly constructed, gated community lies just minutes from Interstate 75, convenient to shopping, employment and more.
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Milano Lakes
296 Units
3713 Milano Lakes Circle
Naples, FL  34114
Closed: 5/25/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the two-property, 72-unit value-add multifamily offering, Riverbreeze & Fairway Apartments, located in Daytona Beach, Florida.

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ESO Daytona Portfolio (2 properties, 72 units)
Fairway Apartments
24 Units
1350 Virginia Avenue
Daytona Beach, FL  32114
Type: Conventional
Closed: 4/29/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the two-property, 72-unit value-add multifamily offering, Riverbreeze & Fairway Apartments, located in Daytona Beach, Florida.

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ESO Daytona Portfolio (2 properties, 72 units)
Riverbreeze Apartments
48 Units
2140 South Palmetto Ave.
South Daytona, FL  32119
Closed: 4/29/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 638-unit value-add multifamily offering, Lakeshore Club Apartments & Townhomes, located in Tampa, Florida.

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Lakeshore Club Apartments & Townhomes
638 Units
6900 Concord Drive
Tampa, FL  33614
Closed: 4/28/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 152-unit value-add multifamily offering, Pickwick Apartments, located in Jacksonville, Florida.

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Pickwick Apartments
152 Units
3580 Pall Mall Drive
Jacksonville, FL  32257
Type: Conventional
Closed: 4/22/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to develop Aventura Crossing (the “Site”): a 2.04-acre residential development project located immediately across from the Aventura Mall in the prestigious Aventura submarket. Aventura Crossing offers developers the chance to construct up to 387 units (90 residential units per acre) in an up to 12-story configuration, located in the heart of the affluent Biscayne Corridor — surrounded by Aventura, Bal Harbour and Sunny Isles Beach.
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Aventura Crossings (Proposed)
382 Units
19301 W Dixie Hwy
Miami, FL  33180
Closed: 4/16/2021