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:  Multifamily
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:  Multifamily
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:  Multifamily
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

Cushman & Wakefield, as exclusive advisor, is pleased to present 1200 Marseille, a value-add multifamily opportunity on Miami Beach. The property consists of two buildings. The unit mix is excellent for the location consisting of four 1BR/1BA units and eight 2BR/2BA units with an average unit size of 973 square feet.

The immediate area surrounding the property is poised for significant investment and improvement. The Miami Beach Commission unanimously approved a master plan for the city’s North Beach neighborhood, which stretches from 63rd to 87th Street. The master plan will include a North Beach Town Center and is likely to revitalize the area with hundreds of millions of dollars of new developments and neighborhood improvements.

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1200 Marseille
12 Units
1200 Marseille
Miami Beach, FL  33141
Closed: 4/9/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 288-unit value-add offering, Canopy Creek, located in Jacksonvile, Florida.

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Canopy Creek
288 Units
11291 Harts Road
Jacksonville, FL  32218
Type:  Multifamily
Closed: 3/31/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 92-unit value-add offering, The Palms at Cortez, located in Bradenton, Florida.

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The Palms at Cortez
92 Units
3810 5th Street E
Bradenton, FL  34028
Closed: 3/12/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 108-unit multifamily value-add opportunity, The Studios at Uptown, located in Altamonte Springs, Florida. .

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The Studios at Uptown
108 Units
230 Loraine Drive
Altamonte Springs, FL  32714
Type:  Multifamily
Closed: 3/5/2021
PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

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Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Addington Place
192 Units
4757 Silver Star Road
Orlando, FL  32808
Type:  Multifamily
Closed: 3/1/2021
PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

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Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Jasmine Terrace
319 Units
1250 Skipper Rd.
Tampa, FL  33613
Closed: 3/1/2021
PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

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Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Laurel Crossings
112 Units
13101 Aarans Pond Drive
Tampa, FL  33612
Closed: 3/1/2021
PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

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Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Oak Hill
200 Units
4500 Silver Star Road
Orlando, FL  32808
Closed: 3/1/2021
PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

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Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Oakmont
188 Units
3024 S. Rio Grande Avenue
Orlando, FL  32805
Closed: 3/1/2021

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire the interest in Gatehouse on the Green, a 312-unit asset located in Plantation, Florida. Considered the premier central Broward location, the property was built in 1991 with 9’ ceilings and vaulted ceilings on top floors. None of the units have been upgraded, allowing a new owner tremendous revenue upside with a comprehensive value-add program. The performance of the property has remained consistent through 2020 with strong occupancy and collections. Given its ideal location, the property has excellent access to the major employment markets and retail dynamics in the immediate area. Gatehouse on the Green represents the opportunity to acquire the ultimate value-add opportunity in a thriving, high demand market.

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Gatehouse on the Green
312 Units
150 SW 91st Avenue
Plantation, FL  33324
Type:  Multifamily
Closed: 12/31/2020
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the exclusive listing of the 189-unit Orlando on the Lake apartment community located in Orlando, Florida. Built in 1974, Orlando on the Lake offers an outstanding value-add opportunity that would result in the ability to raise effective rents $152 and earn a 8% return-on- investment after implementation of the proposed value-add plan.

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Orlando on the Lake
189 Units
701 S Ivey Lane
Orlando, FL  32811
Closed: 12/31/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 58-unit value-add apartment community, Southern Villas, located in Daytona Beach, Florida.

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Southern Villas
58 Units
239 Oak Tree Circle
Daytona Beach, FL  32114
Closed: 12/31/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 105-unit bulk condominium offering, Whisper Oaks Villas, located in Daytona Beach, Florida.

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Whisper Oaks Villas
105 Units
300 Forest Glen
Daytona Beach, FL  32114
Type:  Multifamily
Closed: 12/31/2020