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
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Grove at Spring Valley – a 152-unit apartment community in Columbia, SC. Built in 1992, the asset offers investors the opportunity to capture a powerful 62% boost to NOI through a market-proven, multi-pronged value-add approach. Encouraging operational trends and over $2.1 Million in capital invested since 2014 afford new ownership an exceptional starting point. The property is well-positioned in an affluent, suburban location that boasts striking economic demographics and premier retail options within a one-mile radius. The Grove at Spring Valley is also situated in close proximity to major employment centers in Columbia – an MSA with favorable projections in rent growth, vacancy, and total employment.
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The Grove at Spring Valley
152 Units
127 Sparkleberry Lane
Columbia, SC  29223
Type: Conventional
Closed: 12/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Hollows, a 212-unit apartment community located in Columbia, SC. Embedded between Downtown Columbia and one of the largest retail corridors, Harbison Boulevard, The Hollows sits near the top employment centers in the area where multiple large investments have continually been made to expand and strengthen the Metro job market. With large forecasted rent growth, top submarket rankings in growth (5.10%) and concession values in the second quarter of 2019, The Hollows offers the chance to boost NOI by $123,000 with over 42% of unit interiors left to be renovated, bringing them in-line with fully renovated units that are averaging $50-$75 rent premiums.
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The Hollows
212 Units
1300 Longcreek Drive
Columbia, SC  29210
Type: Conventional
Closed: 3/6/2020
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the South Carolina Transaction Team, is pleased to present the exclusive listing of the The Southern at 1051 (Phase 1), located in Columbia, South Carolina. This purpose-built student housing asset was built in two phases: Phase I in 2007 comprised of 278 units and 824 beds, and Phase 2 in 2008 comprised of 72 units and 178 beds. The Southern at 1051 is a value provider in the market and caters to the University of South Carolina, a Power Five, Tier One University. This opportunity offers an investor to build immediate scale in a nationally recognized university market while achieving immediate and significant upside and value enhancements.
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The Southern @ 1051 (Phase 1)
278 Units | 824 Beds
1051 Southern Drive
Columbia, SC  29201
Type: Student
Closed: 4/5/2019
The Cushman & Wakefield Student Housing Capital Markets Group, in conjunction with the Southeast Multifamily Advisory Group, is pleased to present the exclusive listing of The Southern @ 1051, located in Columbia, South Carolina. This purpose-built student housing asset was delivered in two phases: Phase I in 2007 comprised of 278-units and 824-beds and Phase 2 in 2008 comprised of 72-units and 178- beds. The Southern @ 1051 is a value provider in the market and caters to the University of South Carolina, a Power Five, Tier One University. This opportunity offers an investor to build immediate scale in a nationally recognized university market while achieving immediate and significant upside through stabilized value-add enhancements.
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The Southern @ 1051 (Phase 2)
72 Units | 178 Beds
1051 Southern Drive
Columbia, SC  29201
Type: Student
Closed: 4/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Vinings at Market Common, a 288-unit apartment community located in Myrtle Beach, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors, and a market leading amenity package, The Vinings at Market Common is truly the premier multifamily asset in Myrtle Beach. Located a stone’s throw from the Market Common retail district, the property offers an unmatched quality of life, in close proximity to Myrtle Beach’s most coveted retail and entertainment destinations. After a rapid concession-free lease-up to stabilization, new ownership has the opportunity to capitalize on a unique renovation program in South Carolina’s fastest growing county. The metro's job growth is expected to outpace new deliveries by 20:1 through 2021, uniquely positioning The Vinings at Market Common to capitalize on long-term favorable fundamentals.
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The Vinings at Market Common
288 Units
2501 Hammock Street
Myrtle Beach, SC  29577
Type: Conventional
Closed: 8/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 215-unit, Trailside at Reedy Point apartment community located in Greenville, SC. Embedded in one of the most vibrant and walkable areas of Downtown Greenville, Trailside at Reedy Point sits in close proximity to top employment centers, poised to capitalize on the large investments that have helped revitalize the downtown area. With rapid job expansion, employment growth of 14% since 2013, and one of the leading jobs-to-class A supply ratios in the Southeast, Trailside at Reedy Point is poised to capitalize on Greenville’s already impressive 27% rent growth since 2012.
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Trailside at Reedy Point
215 Units
200 South Academy Street
Greenville, SC  29601
Type: Conventional
Closed: 12/11/2019
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: Conventional
Closed: 3/31/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 95-unit apartment community located in Spartanburg, SC. Embedded just outside of downtown Spartanburg in one of city’s most popular neighborhoods, Village at Willow Lakes sits near the top employment centers in the Upstate area where large investments have continually been made to expand and strengthen the Upstate job market. With affluent demographics boasting $90,000 average HHI and 66% white-collar employment within a 1-Mile radius, Village at Willow Lakes offers the chance to boost NOI by 30% by completing a market driven value-add campaign set to achieve $100 premiums while still maintaining an extensive rent runway to key comparables in the submarket.
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Village at Willow Lakes
95 Units
2900 Reidville Road
Spartanburg, SC  29301
Closed: 12/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 378-unit, Waterside Greene apartment community. Delivered in two phases (2005/2015), Waterside Greene is located in the heart of Greenville’s "Industry Triangle" with five of the county’s largest employers (10,500+ jobs) located just minutes from the property. Residents of Waterside Greene enjoy seamless access to the premier retail in an area defined by an exceptional demographic base including an average HHI of over $74,000 within a one-mile radius. Bolstered by steady operations, the property is poised to bridge the $300+ delta in effective rents to market competitors through a multipronged value-add initiative.
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Waterside Greene
378 Units
741 Woodruff Road
Greenville, SC  29607
Type: Conventional
Closed: 6/6/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Wedgewood Townhomes, a 122-unit townhome community in North Charleston, SC. Built in 1984, the property boasts an attractive unit mix of spacious townhomes that are 204 SF larger than the competitive submarket average. The property is in the midst of a positive operational trend - trailing six-month and three-month EGI sit +1.42% and +3.82% above trailing twelve-month levels, respectively. New ownership has the opportunity to leverage this up-tick, and realize a potential 51% boost to annual NOI through completion of a market-supported upgrade package - to bring trailing rents to the submarket average. The asset is also well-positioned in a booming submarket - +31% rent growth since 2012 - as residents enjoy close proximity and seamless access to the area’s major economic drivers and retail corridors.
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Wedgewood Townhomes
122 Units
4791 Apartment Boulevard
North Charleston, SC  29418
Type: Conventional
Closed: 3/23/2018
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)
West Winds (Portfolio Sale)
100 Units
105 Hillpine Road
Columbia, SC  29212
Type: Conventional
Closed: 12/27/2017
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
Avana on Main
363 Units
508 Main Street NE
Atlanta, GA  30324
Type: Conventional
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
33 West
376 Units
6300 SW 24th Place
Davie, FL  33314
Type: Conventional
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
Altis Shingle Creek
356 Units
4350 Osceola Trail Road
Kissimmee, FL  34747
Type: Conventional
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
ARIUM Brookhaven
230 Units
1295 Dresden Drive NE
Brookhaven, GA  30319
Type: Conventional
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
Celsius
474 Units
9404 Perimeter Station Drive
Charlotte, NC  28216
Type: Conventional
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
CORE Lindbergh
358 Units
741 Morosgo Drive
Atlanta, GA  30324
Type: Conventional
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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Sold
AVR Portfolio (13 properties, 3,988 units)
Perimeter Station
203 Units
9829 Perimeter Station Drive
Charlotte, NC  28216
Type: Conventional
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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Sold
AVR Portfolio (13 properties, 3,988 units)
Sheridan Village
300 Units
16700 Sheridan Street
Pembroke Pines, FL  33028
Type: Conventional
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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Sold
AVR Portfolio (13 properties, 3,988 units)
SkyHouse Channelside
320 Units
112 North 12th Street
Tampa, FL  33602
Type: Conventional