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 Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 148-unit NEXTloft apartment community located in Bluffton, SC (Hilton Head MSA). This asset is situated in a rapidly-expanding coastal community northeast of Savannah, GA with exceptional demographics of $100K+ avg. HHI within a 1-mile radius and projected growth of 10.89% by 2025. Built in 2000, NEXTloft has had over $850K capital injected into the property since 2018 and arrives to market 94.6% occupied with upward income trajectory and proven organic growth.
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NEXTloft
148 Units
1376 Fording Island Road
Bluffton, SC  29910
Type:  Multifamily
Closed: 5/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Caroline, a 237-unit mixed-use apartment community located on Charleston, South Carolina’s peninsula. The property is strategically situated within the new 50-acre urban, waterfront district “WestEdge” masterplan, which has a projected impact of 4,280 new jobs and 2,500+ residents upon completion. Caroline has set the stage for growth by reaching stabilization while still having $700+ in rental headroom. Increased barriers to entry on the peninsula due to numerous municipal and design requirements will shield Caroline from new supply, as it benefits from being one of only two communities with unobstructed views of the Ashley River.
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Caroline
237 Units
99 Westedge Street
Charleston, SC  29403
Type:  Multifamily
Closed: 5/20/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 121-unit Palmetto Gardens & Willwood Gardens apartment community located in Florence, SC. This asset is strategically located just off the I-95 & I-20 interchange near Florence’s major job and retail centers which provide high visibility and ease of travel into the center city. Built in 1984/1987/1991, Palmetto Gardens & Willwood Gardens represent an incredible opportunity to invest in an asset that has been well-maintained, while offering an ideal micro location and tremendous upside through the implementation of a proven value-add program.
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Palmetto Gardens & Willwood Gardens
121 Units
2305 West Palmetto Street
Florence, SC  29501
Closed: 5/19/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Lively at Market Common, a 299-unit timeless community offering its residents best-in-class living space and amenities located in Myrtle Beach. As the newest community in Market Common, The Lively at Market Common is situated in one of the most sought-after locations, with immediate access to the Atlantic Ocean and Myrtle Beach’s most upper echelon lifestyle district. The property offers new ownership the opportunity to purchase a core asset well below replacement cost in a market with dwindling supply compared to a population surge rivaling other coastal cities. Along with outsized population growth comes a job market that is expected to outpace new deliveries by 26:1 in 2021 and 2022, priming the Myrtle Beach market for 10% rent growth through 2024. Myrtle Beach is also a post-pandemic destination, seen as an alternative living option for residents of large US cities with dense infrastructures. With these phenomenal fundamentals and an attractive average move-in rate, the property is poised to capitalize on a lengthy Class-A rent runway $125+ above current rents.
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The Lively at Market Common
299 Units
1231 Hadley Circle
Myrtle Beach, SC  29577
Type:  Multifamily
Closed: 4/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 188-unit Stone Ridge apartment community located in Columbia, SC. This asset is situated in the capital city of South Carolina boasting strong submarket fundamentals including 9% projected rent growth and 13% average household income growth through 2025. Built in 1974, Stone Ridge offers an outstanding opportunity to invest in a property that comes to market with a proven value-add plan set in-place by current ownership leaving 179-Units (95%) to be renovated and command premiums of $140.
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Stone Ridge
188 Units
1000 Watermark Place
Columbia, SC  29210
Type:  Multifamily
Closed: 4/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Mallard Pointe apartment community located in Columbia, SC. Mallard Pointe is ideally situated in the affluent area of Southeast Columbia characterized by its impressive demographics, rising home values and a dwindling multifamily pipeline. Built in 1974, Mallard Pointe arrives to market with a blank slate for incoming investors to capitalize on a market backed value-add initiative by renovating all 120 units to enhance the asset’s position in the market and command premiums of $125-$150.
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Mallard Pointe
120 Units
1101 Hallbrook Drive
Columbia, SC  29209
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Gleneagle apartment community located in Columbia, SC. This asset is situated in the capital city of South Carolina boasting strong submarket fundamentals including 15% projected rent growth and 13% average household income growth through 2025. Having changed between multiple management companies, current management operations are sound and trending in the right direction. Built in 1973, Gleneagle represents an outstanding opportunity to invest in a property that comes to market with a proven value-add plan set in-place by current ownership leaving 164 units (73%) to be renovated and command premiums of $125.
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Gleneagle
216 Units
601 St. Andrews Road
Columbia, SC  29210
Type:  Multifamily
Closed: 2/1/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 2-property portfolio Planters Trace and Sandover located in Charleston, SC. Both mid-70s build assets are located in fundamentally strong and growing submarkets of Charleston, driven by the plethora of employment opportunities and recent heavy investment into the area. The portfolio presents the opportunity to boost NOI by 31% as 95% of the units are still available for the in-place value-add program, generating proven premiums ranging from $55-$300+.
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Planters Trace & Sandover (2 properties, 233 units)
Sandover
137 Units
4381 Gwinnett Street
North Charleston, SC  29418
Type:  Multifamily
Closed: 1/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Sterling Magnolia, an irreplaceable core-plus value-add opportunity located in the exclusive submarket of Myers Park. The immediate area is defined by blue-chip demographics ($146,000 Average Household Income), luxurious homes ($536,000 Median Home Value) and proximity to Charlotte’s premier employment hubs, Uptown and Southpark, offering 150K jobs within a 10-minute drive of the property. The 174-unit, 2004-built asset features both garden and urban attributes, condo sized floorplans (1,121 average SF) and is situated in a submarket composed of Charlotte’s most affluent residents, offering investors a unique framework to complete a high-end value-add and close the $0.33 PSF rent delta to submarket competitors.
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Sterling Magnolia
174 Units
3720 Wendwood Lane
Charlotte, NC  28211
Type:  Multifamily
Closed: 12/29/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
Brighton Park
200 Units
9000 Watson Boulevard
Byron, GA  31095
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 344-unit Harbor Pointe apartment community located Mount Pleasant, South Carolina. This generationally located asset is situated in the highly sought-after Charleston submarket of Mount Pleasant offering direct access to downtown Charleston, walkability to a plethora of retail, dining, and entertainment options, as well as access to the major economic drivers of Charleston. Built in 1987, Harbor Pointe offers an incredible opportunity to infuse the 32-acre property with capital to push rents over $300 and establish market presence in a top southeast location presenting high barriers to entry and untapped future potential.
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Harbor Pointe
344 Units
331 Harbor Pointe Drive
Mt. Pleasant, SC  29464
Type:  Multifamily
Closed: 12/18/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 2-property portfolio Planters Trace and Sandover located in Charleston, SC. Both mid-70s build assets are located in fundamentally strong and growing submarkets of Charleston, driven by the plethora of employment opportunities and recent heavy investment into the area. The portfolio presents the opportunity to boost NOI by 31% as 95% of the units are still available for the in-place value-add program, generating proven premiums ranging from $55-$300+.
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Planters Trace & Sandover (2 properties, 233 units)
Planters Trace
96 Units
2222 Ashley River Road
West Ashley, SC  29414
Type:  Multifamily
Closed: 12/17/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
Villas at Lawson Creek
202 Units
9159 Asheville Highway
Boiling Springs, SC  29316
Type:  Multifamily
Closed: 12/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
The Lexington
190 Units
2620 Lejuene Drive
Biloxi, MS  39531
Type:  Multifamily
Closed: 12/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Reserve at Cavalier, a 152-unit apartment community located in Greenville, SC. The Reserve at Cavalier is situated just southeast of rapidly expanding downtown Greenville and located within minutes of some of the county’s largest employers. Built in 1978, The Reserve at Cavalier poses an incredible value-add opportunity, coupled with strong submarket fundamentals and demographics to further enhance and capitalize on its positive operational momentum.
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The Reserve at Cavalier
152 Units
105 Cavalier Drive
Greenville, SC  29607
Type:  Multifamily
Closed: 11/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Madison Woods
180 Units
5505 Tomahawk Drive
Greensboro, NC  27410
Type:  Multifamily
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Terrace at Olde Battleground
156 Units
3800 Cotswold Avenue
Greensboro, NC  27410
Type:  Multifamily
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Terrace Oaks
120 Units
3803 Cotswold Avenue
Greensboro, NC  27410
Type:  Multifamily
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 353-unit Peppertree apartment community located in North Charleston, South Carolina. The asset is situated off Dorchester Road in close proximity to the top employment drivers in North Charleston where large investments have continually been made to expand and strengthen the Charleston job market. Built in 1983/1989, Peppertree offers an outstanding opportunity to see a 25% Return on Investment by completing the in-place value-add program, with 83% of units left to renovate generating proven premiums of $160. Peppertree also offers potential investors attractive assumable in-place agency financing with a low interest rate.
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Peppertree
353 Units
4640 Forest Hills Drive
North Charleston, SC  29418
Type:  Multifamily
Closed: 10/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 511 Queens, a 64-unit boutique apartment community located in Charlotte’s affluent submarket of Myers Park. The walkable neighborhood is defined by upscale retail, trendy restaurants, and is one of the most sought-after residential submarkets in the Southeast. Myers Park is nestled between Uptown, the vibrant downtown employment district offering 116,000+ jobs, and SouthPark, a premier infill live-work-play destination. It is also moments from the city’s largest hospitals of Novant and Atrium, creating 32,000+ total jobs. Propelled by luxurious best-in-class features and a distinguished presence along Queens Road, 511 Queens arrives nearing stabilization after a rapid lease-up with strong in-place rents. With stabilization imminent, investors are ideally positioned to realize embedded rent growth driven by the continuation of proven lease-up concession burn off, attractive fundamentals highlighted by blue-chip renter profiles, and catalyzing new development surrounding Myers Park, positioning 511 Queens as Charlotte’s premier boutique asset.
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511 Queens
64 Units
511 Queens Road
Charlotte, NC  28207
Type:  Multifamily
Closed: 6/16/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit, Vantage at Wildewood apartment community. Delivered in 1998, Vantage at Wildewood is located in the heart of Richland County’s Northeastern path of growth. Residents enjoy seamless access to the premier retail and employment in an area defined by an exceptional demographic base, including an average HHI of over $94,000 within a three-mile radius. Bolstered by large floor plans, substantial interior renovations completed throughout 2012-2013, and outstanding amenities, the property is poised to bridge a significant rental delta in effective rents with market competitors through a market-supported Class-A renovation initiative to capture $150 premiums.
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Vantage at Wildewood
264 Units
811 Mallet Hill Road
Columbia, SC  29223
Type:  Multifamily
Closed: 3/31/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit, Hidden Park & the 100-unit, Quail Pointe apartment communities located in Spartanburg, SC. Embedded just outside of downtown Spartanburg Hidden Park & Quail Pointe sits in close proximity to the top employment centers in the Upstate area where large investments have continually been made to expand and strengthen the Upstate job market. With a massive infusion of $1.2 million, and affluent demographics, Hidden Park & Quail Pointe offers the chance to boost NOI by 48% with over 84% of units left to renovate generating $100 premiums.
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Hidden Park & Quail Pointe (2 properties, 200 units)
Hidden Park
100 Units
320 Spruce Street
Spartanburg, SC  29303
Type:  Multifamily
Closed: 3/9/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit, Hidden Park & the 100-unit, Quail Pointe apartment communities located in Spartanburg, SC. Embedded just outside of downtown Spartanburg Hidden Park & Quail Pointe sits in close proximity to the top employment centers in the Upstate area where large investments have continually been made to expand and strengthen the Upstate job market. With a massive infusion of $1.2 million, and affluent demographics, Hidden Park & Quail Pointe offers the chance to boost NOI by 48% with over 84% of units left to renovate generating $100 premiums.
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Hidden Park & Quail Pointe (2 properties, 200 units)
Quail Pointe
100 Units
460 East Blackstock Road
Spartanburg, SC  29301
Type:  Multifamily
Closed: 3/9/2020