Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale Carver Landing, a newly constructed, 34-unit townhome community in Plymouth, Massachusetts. The property is located at 32-98 Paul Francis Way and features luxury townhouses with private yards and separate entrances. Each unit is enhanced with stainless steel appliances, luxury plank flooring and quartz counters as well as in-unit laundry.

Investment Highlights

New Construction Featuring Large Townhomes- Carver Landing features thirty-four luxury townhomes with separate entry and yards. In the post-COVID-19 world, many tenants are seeking this style of living communities. Private yards allow residents to entertain and enjoy their own space outdoors during a time that people are working and spending more time at home. These townhomes provide the amenities of a house with the ease of renting.

100% Leased-Prior to certificate of occupancy, all thirty-four of Carver Landing’s townhomes were leased. There is currently a waiting list at an effective rent of $2,250 with no concessions offered. Carver Landing’s luxury living experience is in high demand as more people are seeking larger, private spaces with quality amenities.

Historical New England Town- Known as "America’s Hometown", Plymouth, MA is a quintessential New England town with its historical architecture and expansive ocean views. Residents of Carver Landing are located less than 5.0 miles from the ocean and are just 3.0 miles from Plymouth’s town center, which is home to numerous museums, shops, pubs, fine restaurants, and entertainment. Additionally, Carver Landing is only a five-minute drive off Route-3 (exit 5) providing residents easy access to Boston, Cape Cod, and everything in-between.

Execeptional Demographics & Strong Fundamentals- Plymouth and the area surrounding the property benefit from strong underlying demographics, including an average household income of $134,500 and median home value of $406,500 within one mile of the Property. In addition, according to Axiometrics, Inc., the Plymouth County submarket has experienced strong rent growth at an average of +4.5% annually over the last five years. Looking forward, rents throughout the submarket are expected to continue to grow at an average of +3.6% annually over the next five years.

Carver Landing is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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Carver Landing
34 Units
32-98 Paul Francis Way
Plymouth, MA  02360
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Celeste Apartments
60 Units
965-983 Fellsway
Medford, MA  02155

Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X, is pleased to present the opportunity to acquire the Cross Street Apartments, an 18-unit, garden style, project-based section-8 apartment community located at 28 Cross Street in Central Falls, Rhode Island.

Located less than 10 minutes from the heart of downtown Providence, the property benefits greatly from its strategic location, along the Rhode Island/Massachusetts border, which provides residents immediate access to employment drivers and transportation options located in both States. The property is ideally situated 0.25 miles from Interstate 95 and 0.5 miles from Route 1, making it easily accessible to residents needing to commute to Providence and the surrounding areas, as well as nearby employers in Massachusetts.

Cross Street Apartments is available on an “as-is, where-is” basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline. Please visit www.ten-x.com/listing/28-cross-st-central-fallsri-02863/29421275/ to sign the confidentiality agreement, download the due diligence materials and register for the auction.

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Cross Street Apartments
18 Units
28 Cross Street
Central Falls, RI  02863

The Offering

Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X, is pleased to offer for sale via auction, Dean Estates, a 48-unit, 100% market rate, value-add apartment investment opportunity located in Cranston, Rhode Island. Built in 1976, the property is comprised of two (2) three-story garden style residential buildings, spread across 1.71 acres. The property boasts an attractive mix of twenty-four (24) one-bedrooms and twenty-four (24) two-bedroom units. Unit sizes far exceed market standard, with one-bedroom units averaging 830 square feet and two-bedrooms averaging 1,150 square feet.

Dean Estates is located in one of suburban Rhode Island’s premier residential submarkets, offering tenants access to the local Municipalities’ strong public schools, as well as countless retail, entertainment, and dining attractions, all located in immediate proximity to the Property. Major brands such as Whole Foods, LA Fitness, Rolex, and Lululemon all have brick and mortar locations within 1.5 miles of the property.

Dean Estates represents an opportunity to acquire a value-add apartment community in a highly regarded submarket at a significant discount to replacement cost and free and clear of any in-place financing.

Pricing and Auction Process

Dean Estates is available on an “as-is, where-is” basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline. Please visit www.Ten-X.com to sign the confidentiality agreement, download the due diligence materials, and register for the auction. The live online auction will commence on Monday, October 21st and will conclude on Wednesday, October 23rd.

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Dean Estates
48 Units
383-435 Oaklawn Ave
Cranston, RI  02920
Type:  Multifamily
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Forest Ridge
90 Units
6 Mary Anna Drive
Fitchburg, MA  01420
Type:  Multifamily

Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X, is pleased to present the opportunity to acquire the Franklin Woods Apartments, a 36-unit, garden style, project-based section-8 apartment community located at 11 Plains Court in Franklin, New Hampshire.

Situated along Daniel Webster Drive, just off Route 11, the property encompasses 3.5 acres and features three, twelve-unit apartment buildings. Currently 92% + leased, the residences include a mix of one and two-bedroom units. Additionally, the property offers ample parking as well as a management office and maintenance repair workshop.

Process & Pricing

Franklin Woods is available on an "as-is, where-is" basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline.

Please visit https://www.ten-x.com/listing/11-plains-ct-franklin-nh-03235/27743365/ to sign the confidentiality agreement, download the due diligence materials and register for the auction.

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Franklin Woods
36 Units
11 Plains Court
Franklin, NH  03235
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Greater Worcester Portfolio
   
2 Townhouse Court
Spencer, MA  01562
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Greenwood Commons
72 Units
328 Greenwood Street
Worcester, MA  01607
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Harborview on Post
   
3920 Post Road
Warwick, RI  02886

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Hillside Residences, a 60-unit, 100% market rate, luxury apartment building located in Quincy Center. The property boasts market leading amenities in both the common areas and within the individual units, such as a state of the art fitness center, a roof deck with spectacular views of the Boston skyline, spacious community areas, under building garage parking and well-appointed unit interiors. The property includes a mix of studio, one bedroom, two bedroom, and four bedroom units with balconies featured in select units.

Hillside Residences is strategically located half a mile from the Quincy Center MBTA station, providing residents with unbeatable access to downtown Boston via the MBTA Red Line subway and Commuter Rail. The property is convenient to the area’s major roadways including Interstate 93, Routes 128/I-95 and Route 3, which provides the location immediate access to all points of the Greater Boston area and beyond.

Hillside Residences is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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Hillside Residences
60 Units
23 Bridge Street
Quincy, MA  02169
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Nagog Gardens
   
488 Great Road
Acton, MA  01720
Type:  Multifamily

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire the Phillips Wendell Collection, an irreplaceable 10 property portfolio, totaling 85,000 +/- GSF located in Harvard Square, the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the lease-up of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, and the potential for new ground-up residential construction, among other options and strategies.

The Phillips Wendell Collection is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Wendell Street, Philips Place, and Sacramento Street, each building is located within a 10-minute walk of a MBTA Redline station, as well as Harvard and Lesley University.

Process & Pricing

Phillips Wendell Collection is offered on an "as-is" basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a "Call for Offers".

Investors are invited to submit bids for the Phillips Wendell Collection as a single portfolio, sub-portfolios or individual properties.

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Phillips Wendell Collection
   
3 Phillips Place
Cambridge, MA  02138
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ReNew Amherst
   
44 Southpoint Drive
Amherst, MA  01022
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Rise 475
31 Units
475 Main Street
Reading, MA  01867

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale Rising Sun Mills, a unique opportunity to acquire a brick and beam apartment community strategically located in the heart of Providence, Rhode Island. The four-story brick mill building, which consists of 135 loft-style market-rate units and 30,000 +/- SF of commercial space, is situated on Providence’s West Side at the intersection of the rapidly transforming neighborhoods of Federal Hill, Broadway and the Armory District. The property was converted from its former industrial use in 2005 and is surrounded by a rich array of bars & restaurants, shopping, employers, and green space.

UNIQUE APARTMENT COMMUNITY - Rising Sun Mills offers unmatched appeal and outstanding amenities in an ideal central location, just 10 minutes west of downtown Providence. Converted into loft-style apartment homes in 2005, the 100% market rate Property offers unique layouts and spacious floor plans with units averaging 867 square feet. These apartments have been renovated with modern fixtures and high-efficient appliances while maintaining the original charm of the old mill through wood beam architecture, brick accents, and original hardwood floors. Additional unit features include in-unit laundry, central heat & A/C, oversized windows, and generous ceiling heights. The building also offers a 24/7 fitness center, private courtyard with grill, community room, communal library, billiards & game room, modern event space, coworking spaces, and various picnic spots along the Woonasquatucket River.

VALUE ADD OPPORTUNITY - The Property has undergone renovations to update the residential units with 73 of 135 units renovated to date. The unit renovations have included new granite kitchen and bathroom countertops, updated stainless steel appliances, and new washer & dryer units. The renovations thus far have increased the average monthly rent per unit by approximately $175.

Rising Sun Mills is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering memorandum (containing property data and financial information) and access to due diligence materials via the Real Capital Markets website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers"

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Rising Sun Mills
135 Units
166 Valley Street
Providence, RI  02909
Type:  Multifamily

Cushman & Wakefield is pleased to present the opportunity to acquire the Roseland & Frost Collection, a six building 23 unit residential portfolio ideally located in Porter Square in the heart of Cambridge, Massachusetts. The portfolio totals 42,027 GSF and 23 units. The properties vary from a single-family home to an 8-unit apartment building. Across the six properties is a total of 1.02 acres of land.

The buildings in the Roseland & Frost Collection are situated in one of the most highly desirable metro areas in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Frost Street and Roseland Street, the buildings are within a 10-minute walk of the Porter Square MBTA Red Line station, as well as the campuses of Harvard and Lesley University.

Process & Pricing

The Roseland & Frost Collection is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Investors are invited to submit bids for the Roseland & Frost Collection as a single portfolio, sub-portfolios or individual properties.

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Roseland & Frost Collection
23 Units
28 Roseland Street
Cambridge, MA  02140
Type:  Multifamily
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Royale Apartments
   
65-75 Oaklawn Avenue
Cranston, RI  02920

Cushman & Wakefield’s Multifamily Advisory Group is pleased to offer for sale Tanglewood Village Apartments, a 176-unit market rate value-add apartment investment opportunity located in West Warwick, Rhode Island. Built in 1972-1973, the property is comprised of nine three-story residential buildings and a recently renovated clubhouse on 11.64 acres. Tanglewood Village is situated in a quiet residential neighborhood situated just one mile west of Route 2 (Bald Hill Road), Rhode Island’s premier retail corridor offering 5+ million square feet of shopping and entertainment, and two miles west of I-95, providing residents with unmatched regional accessibility. In recent years the property has been repositioned with over $1.5+ million in capital directed at base building improvements, interior common area upgrades, clubhouse renovations, amenity enhancements and select unit renovations.

Following the recent infusion of capital, and the strength in today’s apartment market fundamentals, Tanglewood Village offers a vast amount of untapped value to realize by increasing rents to market levels (mark-to-market) as well as the opportunity to implement a comprehensive unit renovation program that would generate significant rent upside.

Tanglewood Village is offered for sale on an "as-is" basis and without a formal asking price. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers" date.

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Tanglewood Village Apartments
176 Units
47 Tanglewood Drive
West Warwick, RI  02893
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The Residences at Lincoln Park
42 Units
1 Candy Apple Drive
Dartmouth, MA  02747

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire TToren Flats, a 30-unit apartment building with one retail unit located in the bustling Boston neighborhood of Allston. Totaling 40,004 GSF, this boutique building includes a mix of units varying from studios to four bedrooms. Completed in Fall of 2021, and built to superior energy standards, all units in TToren Flats feature high-end finishes with stainless steel appliances and open floor plans.

Ttoren Flats is ideally located in the heart of Allston and is within walking distance to Boston Landing and Allston Yards providing unmatched access to shopping, dining, and recreation. The property presents investors the rare opportunity to infiltrate a high barrier to entry residential market. The Allston neighborhood is in close proximity to some of Boston’s most prestigious higher education institutions and is well connected to both the Downtown Financial District and Back Bay. Opportunities in academia and the medical field draw young professionals to Allston and drives demand for housing in the market.

Process & Pricing

Ttoren Flats is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed Confidentiality Agreement, qualified investors will be provided with access to due diligence materials via the Cushman & Wakefield website. Once investors have had the opportunity to review the offering materials and tour the properties, Cushman & Wakefield will schedule a “Call for Offers”.

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Ttoren Flats
30 Units
44 North Beacon Street
Allston, MA  02134