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Displaying results 25-48 of 67
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Latitude @ The Commons apartment community located in Myrtle Beach, SC. Developed by Trammell Crow Residential, a multi-family development leader for over 40 years, Latitude @ The Commons is a timeless community offering best-in-class living and amenities. The only institutionally developed community in The Market Common, Latitude @ The Commons offers the most sought-after location in Myrtle Beach’s utmost upper-echelon lifestyle district, while offering residents immediate access to the Atlantic Ocean. Latitude @ The Commons offers new ownership the opportunity to purchase a core plus asset well below replacement cost in a market with dwindling supply compared to a population surge that is rivaling Charleston, SC, and well-surpassing coastal cities Savannah and Wilmington. Along with an outsized population growth comes a job market that is expected to outpace new deliveries by 20:1, priming the Myrtle Beach market for 14% rent growth through 2023 and a vacancy rate forecast to stay at 5%. Latitude @ The Commons is poised to generate average premiums of $145 by meeting the markets’ demand for high-end finishes and completing a Class-A renovation program bridging the rental gap between its competitors for which it currently trails by ~$200.
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Latitude @ The Commons
288 Units
2222 Crow Lane
Myrtle Beach, SC  29577
Type: Conventional
Closed: 12/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 305-unit The Lively at Carolina Forest apartment community located in Myrtle Beach, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors and a market leading amenity package, The Lively at Carolina Forest is truly the premier multifamily asset in Myrtle Beach. Located in the self-sustaining planned community of Carolina Forest, the property offers an unmatched quality of life and is in close proximity to Myrtle Beach’s most coveted retail and entertainment destinations. Nearing completion of a rapid concession-free lease-up, the property offers exciting loss-to-lease upside of over $248,000 as 2nd generation leases are brought to market levels. With metro job growth expected to outpace new deliveries by 20:1 through 2021, The Lively at Carolina Forest is uniquely positioned to capitalize on long-term favorable fundamentals.
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Lively at Carolina Forest
305 Units
107 Village Center Boulevard
Myrtle Beach, SC  29579
Type: Conventional
Closed: 10/3/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 302-unit Lively Indigo Run apartment community located in Ladson, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors and a market leading amenity package, Lively Indigo Run is truly the premier multifamily asset in the Ladson area of North Charleston. With convenient I-26 access, the property is just minutes from Downtown Charleston as well as major employment centers including Boeing (8,200 jobs), Joint Base Charleston (22,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). Located within the Ingelside mixed-use development micromarket, the property offers an unmatched quality of life and is in close proximity to North Charleston’s most coveted retail and entertainment destinations. Lively Indigo Run is uniquely positioned to capitalize on long-term favorable market fundamentals.
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Lively Indigo Run
302 Units
9255 Blue House Road
Ladson, SC  29456
Type: Conventional
Closed: 11/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Magnolia Ridge, a niche 84-unit garden apartment community located in Gaffney, SC. The property is strategically located in close proximity to historic downtown Gaffney and the nationally recognized Limestone College. The property is uniquely positioned in a market with minimal competition and an encouraging value-add story - offering a stable, cash-flowing investment with promising upside. With current rents trailing the submarket by $69, implementation of a value-add program would increase annual NOI by over 33%.
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Magnolia Ridge
84 Units
266 Goldmine Springs Road
Gaffney, SC  29340
Closed: 11/14/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Arbor Glen and Meadow Green apartment communities in Spartanburg, South Carolina. Situated along the commerce-rich I-85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (8,800 employed) and burgeoning high-tech economy. The adjacent subject assets are in desirable east Spartanburg, one mile from the busy East Main Street commercial corridor (Publix, Fresh Market, Aldi). Ripe for value add, these synergistic properties represent outstanding investment potential in the powerful Upstate region.
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Arbor Glen & Meadow Green (2 properties, 272 units)
Meadow Green
116 Units
1504 Fernwood Glendale Road
Spartanburg, SC  29307
Type: Conventional
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 300-unit West Ashley Value-Add Portfolio comprised of Monument Square and The Carlyle. The properties are located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing, Joint Base Charleston, the new Mercedes-Benz plant and Volvo plant. The recent adoption of Plan West Ashley, a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. With recent targeted capex programs complete, new ownership will have the opportunity to complete the in-place value-add programs to further boost NOI across the two properties.
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Monument Square and The Carlyle (2 properties, 300 units)
Monument Square
139 Units
1551 Sam Rittenberg Boulevard
Charleston, SC  29407
Type: Conventional
Closed: 8/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit, 1987-built Paces Run located in Columbia, SC and the 208-unit, 1985-built Chatham Wood located in High Point, NC. Embedded in a strong blue-collar region, both properties sit less than 7 miles from large-scale new and expanding distribution facilities that continue to drive population and organic rent growth. Paces Run recently received a capital infusion of $600,000, including new roofs on all but 2 buildings over the past 5 years, and Chatham Wood has undergone exterior renovations of over $1.2M, prepping the communities for a proven value add initiative that could potentially boost NOI by 32%-35%.
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Chatham Wood & Paces Run (2 properties, 468 units)
Paces Run
260 Units
100 Paces Run Court
Columbia, SC  29223
Type: Conventional
Closed: 3/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Palmetto Grove, a 368-unit garden apartment community located in the heart of North Charleston just minutes from Downtown Charleston. With convenient I-26 access, the property is just minutes from Downtown Charleston as well as major employment centers including Boeing (8,200 jobs), Joint Base Charleston (36,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). The property offers significant upside as current rents trail the submarket by $89 and nearby Class A competitors by $192 to $247 on average. The property is also located adjacent to Ingleside - a 1,500 acre mixed-use development currently under construction that will feature over 8 million SF of office, industrial and retail space.
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Palmetto Grove
368 Units
7927 St. Ives Road
North Charleston, SC  29406
Type: Conventional
Closed: 12/18/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 272-unit, 1990-built Park at Boulder Creek apartments in Columbia, SC. Located at the confluence of Richland and Lexington Counties, the property offers ease of transit to the area’s economic catalysts and seamless accessibility to the most premier retail nodes of the greater Columbia MSA. A recent capital infusion of $3 million offers investors an ideal launch-pad for a two-prong value-add approach. In addition to $100 rental premiums through the in-place upgrade package, incoming ownership will be able to focus on bridging the gap between the property’s rents and rents currently achieved in the surrounding submarkets. The combined value-add initiatives will ultimately result in impactful NOI growth potential of 45%
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Park at Boulder Creek
272 Units
1000 Bentley Court
Columbia, SC  29210
Type: Conventional
Closed: 7/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 96-unit Planters Trace apartment community. The property is located in the heart of the West Ashley neighborhood just minutes from Downtown Charleston. With convenient I-526 access, Planters Trace is located within close proximity to Downtown Charleston as well as major employment centers including Boeing (8,200 jobs), Joint Base Charleston (36,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). With recent targeted capex programs complete, new ownership will have the opportunity to complete the in-place value-add program (84% of units remaining) and add nearly $80,000 in annual NOI.
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Planters Trace
96 Units
2222 Ashley River Road
West Ashley, SC  29414
Type: Conventional
Closed: 2/15/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the 215-unit, 1972-built Quail Hollow apartments and the 100-unit, 1981-built West Winds apartments located in the Columbia MSA. While both properties are located off of Interstate-26, Quail Hollow offers easy access to the area’s major economic drivers, and West Winds provides close proximity to the city’s premiere retail corridor and top-notch recreation. With interior value-add programs in place at both properties, new ownership has the opportunity to grow annual NOI at Quail Hollow and West Winds by an additional 17% and 23%, respectively.
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Quail Hollow & West Winds (2 properties, 315 units)
Quail Hollow (portfolio sale)
215 Units
2700 Feather Run Trail
West Columbia, SC  29169
Type: Conventional
Closed: 12/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 260-unit, 2000-built Reserve at Mill Landing. The property is located in Lexington, SC, just 11 miles west of Downtown Columbia. With rents trailing the submarket by $107, Reserve at Mill Landing offers an impressive value-add foundation with excellent curb appeal (hardi-plank siding) as well as 9’ ceilings and full-size w/d connections in each unit. The property is located in an affluent Columbia, MSA suburb with average HHI’s eclipsing $78,000 and an unemployment rate of just 2.53%.
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Reserve at Mill Landing
260 Units
809 East Main Street
Lexington, SC  29072
Type: Conventional
Closed: 3/1/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 307-unit Riverwalk apartment community located in burgeoning Rock Hill, SC (Charlotte MSA). Embedded in the 1,008-acre, $600M master-planned development of Riverwalk along the banks of the Catawba River, the property boasts premier walkability to expanding retail and lifestyle amenities. Recently delivered in two phases (2016/2018), Riverwalk offers the rare opportunity to acquire a newly constructed asset below replacement cost, while imminent stabilization and a significant rent runway provide immediate income upside potential. In addition, Riverwalk is poised to benefit from a tightening rental environment, as minimal new supply coupled with rapid economic growth in York County's I-77 corridor will drive favorable fundamentals.
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Riverwalk
307 Units
517 Pink Moon Drive
Rock Hill, SC  29730
Type: Conventional
Closed: 6/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 415-unit Serenity at Three Rivers apartment community in West Columbia, SC. Built in 1968 - 1974, Serenity at Three Rivers is ideally located just 2 miles west of Downtown Columbia, providing convenient access to major employment centers in both Richland and Lexington counties. The property is finalizing a $5.0 Million CapEx program focused on capital preservation and has fully upgraded eight units that are obtaining $100 - $145 rent premiums on average. In addition, the newly stabilized property offers tremendous organic upside as current rents are $262 below the submarket average. With a comprehensive value-add program bringing rents up to submarket averages, Serenity at Three Rivers would post an additional $1.3 Million in annual NOI.
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Serenity at Three Rivers
415 Units
100 Riverbend Drive
West Columbia, SC  29619
Type: Conventional
Closed: 12/20/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 352-unit, Southern Pines apartment community in Spartanburg, SC. Delivered in 1976, Southern Pines is located along the commerce-rich Interstate 85 corridor and is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (+8,000 employees) and burgeoning high-tech economy. Southern Pines lies in an area of East Spartanburg that supports over 10,500 jobs in a three mile radius and sits only three miles from the busy East Main Street commercial corridor (Publix, Fresh Market, Aldi). With most units already up fitted with light renovations, Southern Pines is ripe for an enhanced value-add program to realize tremendous growth in income.
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Southern Pines
352 Units
350 Bryant Road
Spartanburg, SC  29303
Type: Conventional
Closed: 6/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 304-unit, 2013-built Springs at Greenville apartments in Greenville, SC. The property is located just off of Interstate-385 in the heart of the "Industry Triangle," home to 8 of the city’s 10 largest employers and 50,000 jobs. The property’s ideal location also give residents the pleasure of being able to walk to premiere retail destinations along Woodruff Road. Springs at Greenville is a core-plus asset built with a unique architectural style, and has support to boost NOI 14% through a comprehensive interior value-add initiative.
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Springs at Greenville
304 Units
1000 Oak Springs Drive
Greenville, SC  29615
Type: Conventional
Closed: 11/29/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 464-unit Columbia Portfolio, consisting of 240-unit Peachtree Place and 224-unit St. Andrews apartment communities in Columbia, SC. Built in 1971 and 1974, Peachtree Place and St. Andrews are located in a highly accessible location providing convenient access to downtown Columbia and the area’s largest employers. The assets are also barbelled by Downtown Columbia and the Harbison Boulevard area, resulting in seamless accessibility to Columbia’s premier retail nodes. In addition, the properties are uniquely positioned to realize tremendous benefits of an expanded, and submarket-proven, value-add initiative with potential to boost combined NOI by 43%.
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St. Andrews
224 Units
601 St. Andrews Road
Columbia, SC  29210
Type: Conventional
Closed: 9/28/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 188-unit, 1976-built Stone Ridge Apartments in Columbia, SC. The property is conveniently located off of I-26 between the Downtown Columbia and Harbison Boulevard Corridors. The asset offers an outstanding opportunity to invest in a solid performing asset with an attractive unit mix and proven potential to boost NOI through completion of a value-add program.
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Stone Ridge
188 Units
1000 Watermark Place
Columbia, SC  29210
Type: Conventional
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Apartments at Shade Tree, a 248-unit apartment community located in Johns Island, South Carolina. The property is located in a fast-growing submarket with high visibility off major artery Maybank Highway, which is currently being transformed into four lanes, paving the way for future rental growth as the area continues to expand. With a high rent growth ceiling between the property and its competitors, as well as the immediate opportunity to implement water/sewer and valet trash charges at the property, the property offers tremendous rent and NOI growth upside. The property is being offered at a significant discount to recent nearby trades and replacement cost. With high barriers to new development throughout Charleston, the property is well-positioned to enjoy long-term rent growth and offers an outstanding return on investment.
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The Apartments at Shade Tree
248 Units
2030 Wildts Battery Boulevard
Johns Island, SC  29455
Type: Conventional
Closed: 1/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Aventine Greenville - a 346-unit apartment community in burgeoning Greenville, SC. Built in 2013, The Aventine Greenville boasts luxurious amenities/features and high-quality construction that is available for acquisition at an attractive basis. Bolstered by favorable operations, the property is ideally positioned to close the $200+ rent gap to market competitors through completion of a light value-add program. Residents of The Aventine Greenville enjoy walkability to the premier retail outlets in South Greenville - a region defined an exceptional demographic base and a diminishing new development pipeline. In addition, the asset is positioned in the center of Greenville’s thriving "Industry Triangle" as five of the county’s largest employers (10,500+ jobs) are less than two miles from the property.
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The Aventine Greenville
346 Units
97 Market Point Drive
Greenville, SC  29607
Type: Conventional
Closed: 12/20/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 300-unit West Ashley Value-Add Portfolio comprised of Monument Square and The Carlyle. The properties are located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing, Joint Base Charleston, the new Mercedes-Benz plant and Volvo plant. The recent adoption of Plan West Ashley, a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. With recent targeted capex programs complete, new ownership will have the opportunity to complete the in-place value-add programs to further boost NOI across the two properties.
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Monument Square and The Carlyle (2 properties, 300 units)
The Carlyle
161 Units
1476 Orange Grove Road
Charleston, SC  29407
Type: Conventional
Closed: 8/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit The Chimneys of Greenville apartment community located in Taylors, South Carolina. The Chimneys of Greenville is strategically positioned along I-85 between Atlanta and Charlotte and in the heart of Greenville’s "Industry Triangle." The Chimneys of Greenville provides easy access to Greenville and Spartanburg’s largest employers. In addition, the property is well positioned to realize remarkable benefits and a 36% boost in NOI with the completion of the in-place value-add program.
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The Chimneys of Greenville
168 Units
4990 Old Spartanburg Road
Taylors, SC  29687
Type: Conventional
Closed: 2/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Commons at Fort Mill, 144-unit apartment community. Delivered in 2009, The Commons at Fort Mill is located in the heart of the thriving Rock Hill / Fort Mill submarket, located just minutes from Fort Mill and Charlotte MSA’s top employers. The property is defined by an exceptional demographic base including an average HHI of over $109,000 within a one-mile radius and 76% white collar employment. Supported by steady operations, The Commons at Fort Mill is setup to bridge the +$275 delta in effective rents to market competitors through a layup value-add initiative, poised to generate premiums of $175.
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The Commons at Fort Mill
144 Units
221 Embassy Drive
Fort Mill, SC  29715
Type: Conventional
Closed: 5/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present The Corners, a 176-unit, 1973-built garden apartment community conveniently located in Spartanburg, SC. Situated along the commerce-rich I-85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (8,800 employed) and burgeoning high-tech economy. The Corners offers a well-maintained asset with a recent targeted capex program completed that included both asset preservation as well as amenity upgrades. The Corners is ideally situated for completion of the proven in-place value-add program which is obtaining $91 to $97 premiums on average. With 109 units remaining to be renovated, The Corners offers the ability to increase annual NOI by 19%.
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The Corners
176 Units
151 Fernwood Drive
Spartanburg, SC  29307
Type: Conventional
Closed: 11/3/2017
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