The Sycamores Apartments is a well maintained 210 unit community that has been owned and operated by the seller since 1992. The community is situated on 22 acres and located on Indianapolis’ southeast side. The property has mature trees and vast greenspace.

The property offers an attractive unit mix of one, two and three bedroom garden-style units with open floorplans and private entrances. The Sycamores offers untapped value add and upgrade potential by completing unit updated, adding washer/dryer hookups to all unit styles, allowing pets, converting a laundry building to a pet spa and adding a bark park.

The property is located just north of Stop 11 Road and just east of US-31 (the main north-south road in Indianapolis) on the city’s south side. The location provides The Sycamores a quiet atmosphere while being convenient to dining, entertainment and major employment centers.

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Sycamores
210 Units
1614 E. Stop 11 Road
Indianapolis, IN  46227
Type: Conventional
Closed: 5/21/2020

Park 33 is a 188-unit brand new Class A luxury apartment community built in 2018 and located in Goshen, Indiana. The community is situated on 14 acres and has 16 residential buildings, a leasing office and a sparkling pool. The property offers an attractive unit mix of 1 and 2 bedroom units with all single-story buildings, private entries and washer/dryer connections in all units.

The community offers an attractive mix of, 2 and 3-bedroom units and all with a full-size washer/dryer and half with direct garage access. The units include high-end finishes such as granite countertops, wood cabinets with high gauge drawer pulls, a flat glass-top range, a deep under-mount stainless-steel sink, energy-efficient appliances and vinyl plank flooring.

The amenities at Park 33 are equal to or exceed any of its peers. A beautiful clubhouse offers a 24-hour fitness center as well as the leasing and management office. Other amenities include a sparkling swimming pool, a fire pit, a grilling station, a bark park and a 24-hour package room.

The property 's location provides easy access to many employers and an abundance of economic activity.

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Park 33 - Goshen
188 Units
1401 Park 33 Blvd
Goshen, IN  46526
Type: Conventional
Closed: 5/15/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 183-unit Lake Terrace Gardens apartment community located in New Orleans, LA. This asset is situated in the thriving and diverse city of New Orleans, LA, less than five miles north of the French Quarter and less than two miles from the 1,300 acre City Park. Lake Terrace has little to no direct competition, due to the barriers of City Park to the west and Lake Pontchartrain to the north. Built in 1963 and renovated in 2008, Lake Terrace Gardens offers an outstanding value-add opportunity in a prime suburban in-fill location.
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Lake Terrace Gardens
183 Units
1620 Robert E Lee Blvd
New Orleans, LA  70122
Closed: 5/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Briarcliff apartment community located in Wilson, NC. This asset is situated within close proximity to the area’s premier retail and employment and is also strategically located near the intersection of I-95 and I-795, providing ease of access to both Raleigh and Wilmington. In addition to the location advantages, the submarket has seen a phenomenal 6% year-over-year rent growth since 2016. This growth is a result of an increasingly affluent renter base who are projected to see a 10% increase to HHI income over the next 5 years, while unemployment levels dwindle to 3.8%. Built in 1966, Briarcliff represents the opportunity to investment in an asset that has recently received a large-scale exterior renovation and is primed to see a 50% increase to NOI through a multipronged value-add program.
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Briarcliff
80 Units
400 Crestview Ave SW
Wilson, NC  27893
Closed: 4/23/2020

Emerson Village Apartments, situated on 23 acres, is a 352-unit community conveniently located on the southeast side of Indianapolis. With exceptional visibility directly on a major north south thoroughfare, the property has mature trees, two lakes and provides a quiet neighborhood setting.

The well-maintained property was built in two phases, Phase I 1987 and Phase II 1988 with approximately thirty percent of the units currently upgraded allowing the new ownership the ability to further increase revenue by continuing the unit upgrades.

Located in Franklin Township, on the southeast side of Indianapolis, Emerson Village enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants and employment.

Offered Free and Clear, the property’s stable financial performance will allow for the most competitive and attractive new debt structure.

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Emerson Village
352 Units
5140 Emerson Village Drive
Indianapolis, IN  46237
Type: Conventional
Closed: 4/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Nissen Building Apartments - a 145-unit, historic mixed-use, high-rise asset in the heart of flourishing downtown Winston-Salem. Attention to detail during the 2005 Nissen Building redevelopment, unique amenities, and existing quality of finishes provides the ideal canvas for a market-supported value-add platform to close a $200+ rent gap to competing downtown properties, while a perpetual 50% tax abatement drives cash flow. With frontage on 4th Street, Nissen Building residents enjoy supreme walkability to the Triad’s largest employers and eclectic entertainment venues in downtown Winston-Salem - a center city submarket that has witnessed nearly $2B of investment since 2000 as part of a continued renaissance. Drastically underserved by class A apartment units, downtown Winston-Salem boasts picture-perfect supply/demand fundamentals, offering investors of Nissen Building Apartments a chance to acquire a high-rise asset at an attractive basis with a protected rent growth runway.
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Nissen Building Apartments
145 Units
310 Fourth Street West
Winston-Salem, NC  27101
Type: Conventional
Closed: 4/17/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit The Hills on Breckinridge apartment community located in Duluth, Gwinnett County, Georgia. This asset is desirably positioned just off Pleasant Hill Rd., along the thriving I-85 northeast Atlanta corridor. Since acquisition, current ownership has invested $3M in capital improvements - creating in-place organic rent growth and significant potential for the next investor to completely round out the community. Built in 1985, The Hills on Breckinridge offers a rare opportunity in Gwinnett's high-growth submarket with proven upside.
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The Hills on Breckinridge
400 Units
3450 Breckinridge Boulevard
Duluth, GA  30096
Type: Conventional
Closed: 4/16/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit, Abbington Place apartment community located in Greensboro, North Carolina. Built in 2 phases (1995/1997), the low-density property received a recent capital investment of $3.86M that included new roofs, community amenity and parking lot enhancements, structural repairs, and interior upgrades to 65% of units. The demographics of the 1-mile radius surrounding Abbington Place outperform the broader market on nearly all fronts, with a 72% white collar workforce, 1.9% unemployment rate, and 50% of the population possessing higher education degrees. As the Greensboro-High Point MSA pipeline remains steady, the submarket will see a pause in development, having absorbed a recent surge in supply with ease. This strong market indicates the potential to take current, mid-tier renovations a step further at the property with the opportunity to boost annual NOI by 41% through a multi-faceted value-add 2.0 program.
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Abbington Place
360 Units
1521 Bridford Parkway
Greensboro, NC  27407
Type: Conventional
Closed: 4/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of the 241-unit Lofts at Zebulon apartments in Macon, Georgia. Completed in 2019, Lofts at Zebulon represents an outstanding opportunity to invest in a high-performing, best-in-class asset. Lofts at Zebulon is primed to explore additional revenue streams through second generation lease growth, charging for additional utilities, digital monument advertising, and on-site retail. The property is located adjacent to the premier shopping district Plantation Center and in a market with impressive fundamentals. The Macon-Warner Robins MSA is supported by its major economic drivers: Healthcare, Education, Manufacturing and Aerospace. Major employers such as Geico, Amazon, Navicent Health, Robins Air Force Base, and Tyson call Middle-Georgia home.
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Lofts at Zebulon
241 Units
5801 Zebulon Road
Macon, GA  31210
Type: Conventional
Closed: 4/14/2020

Parc Bordeaux is a 208-unit garden apartment community on Indianapolis’ suburban south side. The community was originally built in 1968 but has been extensively renovated. In 2002, the previous owner spent more than $3M on renovations which included the full renovation of 67 units, renovation of the clubhouse and extensive new landscaping. The current owner has spent almost $2M since 2015 and renovated the remaining 141 units.The community contains 20 two-story and 4 two-and-one-half-story residential buildings.

Floor plans include 11 studio units, 106 one-bedroom/one-bath units (in three floor plans), and 91 twobedroom /one-bath units (in two floor plans). Unit features include private entries, balconies or patios (in all 2nd level units). Kitchens include dishwashers, disposals (except in studios), electric oven/range and frost free refrigerator. The property offers residents access to a clubhouse with community room, 24-hour fitness center, pool with sundeck, sauna, playground, basketball courts, and tennis courts. Laundry centers are located in each building.

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Parc Bordeaux
208 Units
3410 Rue Chanel
Indianapolis, IN  46227
Type: Conventional
Closed: 4/1/2020
A Well-Maintained Asset with Value-Add Upside

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean Oaks, a 296-unit value-add garden community in Port Orange, Florida. Completed in 1988, the property features a two-story design with direct access units. The property sits on over 21 acres, providing a low density setting of only 14 units per acre. The property has undergone an extensive rehab program with over $2.5 million invested in capital improvements. Current ownership has also upgraded 68 units and is achieving rent premiums in excess of $150 per month. Ocean Oaks’ location within Port Orange is ideally located and central to some of the largest metros in Florida including Orlando, Jacksonville and Brevard County. The property is less than 1/2 mile from I-95 and provides a short commute to the areas largest employers including AdventHealth, Halifax Health, International Speedway, Boston Whaler, Frontier Communications and more. Ocean Oaks is located on the north side of Dunlawton Avenue which serves as a main thoroughfare in the area, with various retail and dining options within a short drive.

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Ocean Oaks
296 Units
1645 Dunlawton Avenue
Port Orange, FL  32127
Type: Conventional
Closed: 3/31/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Residences at Diamond Ridge (336 units) and The Residences at 1805 (200 units) apartment communities located in the thriving Piedmont Triad, which ranked 4th in the nation for non-major market rent growth in the second quarter of 2019. Both properties enjoy excellent proximity to the largest employment hubs across the Triad, as The Residences at Diamond Ridge is bordering downtown Winston-Salem (27,000+ jobs), and The Residences at 1805 is only a short drive from the Piedmont Triad International Airport area (26,000+ jobs) in Greensboro. After receiving a combined capital infusion of nearly $2 million over the past 18 months, both assets are primed to complete targeted interior value-add programs that would see rental premiums of $100-150, resulting in an annual NOI boost of up to 86%.
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The Residences at 1805
200 Units
1805 Fairfax Road
Greensboro, NC  27407
Type: Conventional
Closed: 3/31/2020
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: Conventional
Closed: 3/31/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Paddock Club apartment community located in Florence, KY (Cincinnati Metro). This asset is situated in the high-growth market of Florence, in the southern area of the Cincinnati MSA. The property is a quarter mile from the dominant retail center in Northern Kentucky, which includes the 941K SF Florence Mall along with an additional 5M SF of retail in the immediate submarket. New developments and job counts are expected to rapidly increase in the submarket, with Amazon Prime's new $1.5 billion cargo hub under construction at the nearby Cincinnati/Northern Kentucky International Airport (3 miles). Built in 1995, Paddock Club represents an outstanding opportunity to invest in an exciting value-add asset in a fast-growing market.
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Paddock Club
200 Units
8000 Preakness Drive
Florence, KY  41042
Type: Conventional
Closed: 3/30/2020
Sold
32 Union
210 Units
17340 Fleming Street
Noblesville, IN  46060
Type: Conventional
Closed: 3/26/2020
Sold
Elevation Homewood & Vestavia (2 properties, 318 units)
Elevation Homewood
198 Units
1301 Lakeshore Place
Homewood, AL  35209
Type: Conventional
Closed: 3/26/2020
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Elevation Homewood & Vestavia (2 properties, 318 units)
Elevation Vestavia Hills
120 Units
2927 Columbiana Court
Vestavia Hills, AL  35216
Closed: 3/26/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 368-unit Serenity Montgomery Portfolio. Benefiting from a strong manufacturing economy, the Montgomery metro has garnered over $1 Billion in capital investments and approximately 7,000 jobs over the past three years. Hyundai (3,000+ jobs) recently announced additional investments of $400M+ and 100+ jobs. The two assets, Serenity at the Park and Serenity Townhomes, are situated in an "Opportunity Zone" which will provide huge tax benefits to the next investor. Built in 1972 and comprised of all-brick exteriors, the Serenity Montgomery Portfolio offers value add upside at an extremely attractive basis.
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Serenity Montgomery (2 properties, 368 units)
Serenity at the Park
176 Units
4900 Plaza Drive
Montgomery, AL  36116
Type: Conventional
Closed: 3/26/2020
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 1939 Market Street (the "Property"), a ±0.27 acre high-density mixed-use development site in San Francisco, CA. Situated at the nexus of Hayes Valley, Duboce Triangle and Mission Dolores, the Property’s zoning places no limits on unit-density and allows for the construction of structures up to 85-feet in height. 1939 Market Street’s central, infill location combined with a world-class Transit Score of 100 provides future residents immediate access to the city’s renowned live-work-play offerings.
1939 Market Street is currently a two-story office building and a 16 space parking lot. Under the current NCT-3 zoning an investor is afforded the opportunity to program the highest-and-best use for the site. San Francisco’s housing crisis coupled with statewide efforts to stimulate dense housing development near transit services, makes the Property an ideal site for a luxury apartment homes or condominium community.
With a central location on one of the city’s iconic thoroughfares, the 1939 Market Street Site will benefit from San Francisco’s position as a leading business and cultural center that continues to attract the world’s most affluent residents and notable employers.
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1939 Market
0.27 Acres
1939 Market Street
San Francisco, CA  94103
Type: Land
Closed: 3/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 278-unit Park West apartment community located in Mobile, AL. This asset is situated in the affluent West Mobile submarket, just south of Airport Boulevard, with convenient access to top employers and major retail destinations. The immediate area is home to key economic drivers such as Providence Hospital (1,540 jobs), University of South Alabama (16,440+ students), Mobile Regional Airport, and over 1.5 million square feet of quality retail within a 3-mile radius. Built in 1977, Park West presents an opportunity to invest in a true value add asset in a flourishing submarket.
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Park West
278 Units
1663 Hillcrest Road
Mobile, AL  36695
Type: Conventional
Closed: 3/17/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Southern Cove Apartments, a 180-unit value-add garden community in Temple Terrace, Florida. Completed in 1974, the property sits on over 9 acres, providing a density setting of only 19.67 units per acre. Southern Cove’s location within Temple Terrace is ideally located at the center of a $1.5 billion redevelopment project created by the Tampa Innovation Alliance. The property is also centrally located within minutes from critical thoroughfares I-75 and I-275 allowing quick access to downtown Tampa, the Westshore Business District and Tampa International Airport

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Southern Cove
180 Units
8741 Grove Terrace
Temple Terrace, FL  33617
Closed: 3/17/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 318-unit, 2001-built Stone Ridge & 252-unit, 1996-built Whitehall Estates apartment communities located in Charlotte, NC. Bound by an abundance of employment, including an average of +71,500 jobs within a 3-mile radius and +42.8M SF of industrial, office, and retail space, the properties provide an unmatched, connected suburban location. The duo is primed to continue benefitting from prolific economic development and population influx driving a +9.25% submarket rent growth projection through 2022, while portfolio operating synergies bolster consistently strong financial performance. With significant rent headroom of +$400 per unit to submarket leaders, new ownership is ideally positioned to continue the dynamic in-process value-add program or execute an enhanced strategy to meet Class-A competitors.
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Stone Ridge & Whitehall Estates (2 properties, 570 units)
Stone Ridge
318 Units
8940 Camden Creek Lane
Charlotte, NC  28273
Type: Conventional
Closed: 3/13/2020

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Brandywine Crossing apartment community located in northwest Peoria, Peoria County, Illinois.  This asset is embedded in a lifestyle retail district and is less than five miles from Peoria’s top employers, including the medical district, downtown, and riverfront. Built in 1969, Brandywine Crossing offers an outstanding opportunity to benefit from proven value-add upside in Peoria’s strong multifamily market.

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Brandywine Crossing
312 Units
4010 N. Brandywine Drive
Peoria, IL  61614
Type: Conventional
Posted: 9/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
Chateau
32 Units
1308 Sioux Street
Dothan, AL  36303
Type: Conventional
Closed: 3/12/2020