Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Broadstone Oceanside (the “Property”) – an iconic 8-story midrise located on Pompano Beach’s A1A and overlooking the Atlantic Ocean and Intracoastal Waterway. Developed by Alliance Residential, the irreplaceable asset opened in October 2019 and is comprised of 211 luxury apartment homes. The Property was meticulously designed to provide residents elegant unit features and resort-style amenity space, while also having direct access to the beach.

...
Sold
Broadstone Oceanside
211 Units
1333 S Ocean Boulevard
Pompano Beach, FL  33062
Closed: 12/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
...
Sold
The Kelston
310 Units
1207 Kelston Place
Charlotte, NC  28212
Type:  Multifamily
Closed: 12/10/2020

Cushman & Wakefield is pleased to offer CASA ANITA, a 224-unit, Class "B", garden-style apartment community located north of the northeast corner of McDowell Road and 83rd Avenue in Phoenix, Arizona. This location offers residents easy access to the I-10 and Loop 101 freeways, providing immediate access to entertainment, shopping, dining and employment in Phoenix and the West Valley.

Built in 1986, Casa Anita is a two-story community featuring a mix of one and two bedroom/two bath units in a park-like setting. Residents are offered numerous amenities including a swimming pool and spa, a gazebo with barbecue grill, lighted basketball court, a 24-hour fitness center, picnic area, children's playground, updated clubhouse with work/study desks, a laundry faciluty and covered parking. Unit interiors feature all-electric kitchen appliances, breakfast bars, custom closet designs, walk-in showers and tubs and private patios/balconies.

...
Sold
Casa Anita
224 Units
1801 North 83rd Avenue
Phoenix, AZ  85035
Type:  Multifamily
Closed: 12/9/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Mosaic at Miramar Town Center, a 487-unit core-plus opportunity located in Miramar, Florida. Developed in 2015, the property contains a unique mix of townhome and midrise units located within the 54-acre master planned Miramar Town Center – a “downtown” with office, retail and civic buildings. The property is well positioned for a new owner to benefit from a value-add program enhancing the unit interiors to include: hard -surface flooring in the bedrooms, new interior paint scheme, backsplash, upgraded refrigerator and technology package. Current ownership has modestly renovated approximately 30 units and has been achieving premiums of $100-200 for bedroom flooring and an additional $25 for new interior paint. There is an established onsite demographic with an average age of 37 and average household income of $104,519 creating a rent-to-income ratio of 21.3%. The location of Mosaic at Miramar Town Center offers the ultimate walkability with excellent access to surrounding jobs, retail amenities and major roadways. Within three miles of the property, there is in excess of 13.2M square feet of office/industrial space.

...
Sold
Mosaic at Miramar Town Center
487 Units
11575 City Hall Promenade
Miramar, FL  33025
Type:  Multifamily
Closed: 12/9/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bridgewater - 334 units located in the rapidly expanding city of Huntsville, AL. Huntsville, arguably one of the hottest economic metros in the U.S., has added 14K+ jobs & $5B of capital investments since 2018. The asset is strategically positioned just north of Cummings Research Park (27K+ jobs) and Redstone Arsenal (40K+ jobs) and near high-end retail (Publix 0.5 miles). Constructed in 2008 with quality materials, Bridgewater is primed for a targeted value add campaign as it trails its competitive set by $175+. The asset is garnering heavy demand from the Huntsville rental market as it has remained 96% occupied with 8%+ effective rent growth over the past 12 months. Bridgewater offers the next investor a quality, well-located asset with market-backed value add upside and in-place organic rent growth.
...
Sold
Bridgewater
334 Units
1501 Old Monrovia Road
Huntsville, AL  35806
Type:  Multifamily
Closed: 12/8/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Legacy 384 portfolio, consisting of 384 units across two well-located assets in Montgomery, AL. Benefiting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create 1,200 additional jobs to build a new light truck model in Montgomery. With proven rent premiums ($100) on renovated units, targeted capital can round out the existing value add program and improve the physical plants at each property to boost exit value. Built in 1977 & 1996, the Legacy 384 portfolio offers an outstanding opportunity to invest in two well-located assets with major value add potential. The assets can be purchased as a portfolio, or individually.
...
Sold
Legacy 384 Portfolio (2 properties, 384 units)
Legacy at the Lake
200 Units
1421 Stonehenge Road
Montgomery, AL  36117
Type:  Multifamily
Closed: 12/8/2020

The acquisition of Pebble Brook Village represents an opportunity to acquire a highly sought after 2001-built property is an affluent location. While very well maintained, unit finishes are largely original to the 2001 construction, offering a clean slate to complete unit upgrades and property enhancements. The property features amenities and unit layouts that compete very well with new construction properties.

The property is located in Noblesville, IN, a desirable high-end high growth suburb of vibrant and growing Indianapolis. Pebble Brook is being offered free and clear.

...
Sold
Pebble Brook Village
236 Units
5475 Winding River Road
Noblesville, IN  46060
Type:  Multifamily
Closed: 12/7/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire Altis Boca – South Florida’s premier 398-apartment home asset located in Boca Raton, Florida. The property is comprised in a 6-story midrise design with a combined average unit size of 1,005 square feet. Altis Boca is walkable to Park Place Shopping retail center anchored by a Fresh Market and six restaurants, ranging from fast casual to white tablecloth. The property is also located in Palm Beach County largest office market and is adjacent to the 625,000 square foot Office Depot world headquarters; making it one of South Florida’s most dynamic live and work environments. Developed by nationally recognized Altman Companies, Altis Boca Raton represents the rare opportunity to acquire one of the best apartment home communities in the Southeast United States within the highly coveted location of Boca Raton.

...
Sold
Altis Boca Raton
398 Units
5500 North Military Trail
Boca Raton, FL  33496
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.
...
Sold
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.
...
Sold
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 excited to present the exclusive listing of Legacy at Jones Farm. Completed in 2015, Phase I delivered 248 Class A units to the Jones Valley submarket of SE Huntsville, an area of picturesque mountain views, top quality retail, and easy access to Downtown’s job drivers just minutes away. Phase II subsequently delivered 173 units in 2019 rounding out the submarket’s most prized asset. This unique modern community is spread across more than 50 acres and offers top-of-market amenities in each phase. Huntsville has experienced 9.7% annualized apartment rent growth in Q1 2020 following 6.2% in 2018 and 7.9% in 2019. Given its premier location, top-of-market amenities, and ornate residences, this high-demand asset offers an outstanding opportunity to acquire scale within one of America’s most desirable investment locales.
...
Sold
Legacy at Jones Farm
421 Units
1 Legacy Farm Drive
Huntsville, AL  35802
Type:  Multifamily
Closed: 12/1/2020

Coveted opportunity to purchase a 5 property, 837 unit portfolio from long term owner. The Fort Wayne 5 Portfolio consists of 5 properties all with 95%+ occupancy, washer / dryers in all units and each offering value add potential. With 3 properties located adjacent to one another on the city’s southside, one property on the northside and one on the city’s west side, the portfolio offers diversity in terms of both location and unit type. The 3 southside properties were built in the early 70’s and provide well maintained workforce housing. Northcrest Gardens, built in 1964 is located on the northside is near the city’s finest retail and restaurants. Coventry Court West, the newest property in the portfolio, built in 1984 is adjacent to a high income area to the west of the property where household incomes are $75k annually.

Fort Wayne is the 2nd largest city in the state of Indiana and has an extremely stable multifamily market. Citywide average occupancy is 96.7% and has average 95% since 2015. Rents grew in Fort Wayne more than 5% and unemployment is at only 2.6%. Top three employers in Fort Wayne are two large healthcare networks, Parkview and Lutheran, followed by the Fort Wayne Community Schools.

The portfolio is being sold free and clear and offers a new owner immediate economy of scale, stable revenue day one with the opportunity further increase revenue through updates and upgrades.

.
...
Sold
Fort Wayne 5
837 Units
Fort Wayne, IN
Type:  Multifamily
Closed: 11/30/2020

290 Residences, Commercial Garage & Prime Retail

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Park-Line Palm Beaches (the “Property”) – a trophy 26-story residential high-rise developed as a part of the evolutionary Brightline Trains and overlooking the new Rosemary Square, Clematis Street, the Atlantic Ocean, Downtown West Palm Beach, and Palm Beach’s newest multi-tenant office building, 360 Rosemary. This coveted and irreplaceable asset opened in December 2018 and is comprised of 290 luxury residences, 790 parking spaces, of which 442 are master-leased to Brightline, and 13,235 square feet of ground floor, high-value retail. The property has exceptional onsite and neighborhood amenities from a 12th floor recreation deck with Intracoastal and Atlantic Ocean views to immediate walkability to Clematis Street, Rosemary Square, the newest Class-A offices in West Palm Beach, and direct walk-on walk-off ability to Brightline.

...
Sold
Park-Line Palm Beaches
290 Units
591 Evernia Street
West Palm Beach, FL  33401
Closed: 11/25/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Worthington Court, a 152-unit value-add garden community in New Port Richey, Florida. Completed in 1985, the property sits on over 13 acres, providing a low density setting of only 11 units per acre. Worthington Court's location within New Port Richey is ideally located and central to some of the largest metros in Florida including Orlando, Tampa and Pasco County. The property has frontage with over 42,000 VPD and minutes from major retail, Medical Center of Trinity, and the Veteran’s Expressway providing a 30-minute commute to Tampa.

...
Sold
Worthington Court
152 Units
7541 Highwater Drive
New Port Richey, FL  34655
Closed: 11/24/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 500-unit University Oaks apartment community located in Athens, Clarke County, Georgia. This asset is situated in the highly sought-after area of West Athens, characterized by its easy access to premier retail (Fresh Market, Chick-fil-a, Starbucks and Target) as well as Downtown. Centrally located within 5 minutes of Athens’ core economic drivers providing access to nearly 15k jobs; including University of Georgia, St. Mary’s Healthcare, and Piedmont Athens Regional Hospital. Built in 1965, University Oaks represents an outstanding opportunity to invest in a proven value-add asset located in one of the state’s most fundamentally desirable markets.
...
Sold
University Oaks
500 Units
2360 West Broad Street
Athens, GA  30606
Type:  Multifamily
Closed: 11/20/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 108-unit Tealwood Parke Apartments community located in Winter Park, Florida.

...
Sold
Tealwood Parke
108 Units
4704 Lucier Court
Winter Park, FL  32792
Closed: 11/19/2020
Cushman & Wakefield is pleased to present for sale, The Whit, a 74-unit Multifamily community in the charming Whittier neighborhood of Minneapolis.

Newly constructed in 2018, The Whit features expansive floor plans with designer finishes as well as state-of-the-art amenities including a fitness center, enclosed heated parking garage, and rooftop community garden and dining deck offering expansive views of the city.

Located at the center of one of Minneapolis’s most diverse and dynamic areas, The Whit is just a few short blocks from ‘Eat Street,’ encompassing dozens of eateries, bars, and shops as well as the Minneapolis Institute of Art, and the Midtown Greenway. The property is located 1-mile South of Downtown Minneapolis CBD and all the city has to offer.

The Whit is a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community.
...
Sold
The Whit
74 Units
2201 Blaisdell Avenue
Minneapolis, MN  55404
Type:  Multifamily
Closed: 11/19/2020
The Cushman & Wakefield Multifamily Multifamily Advisory Group is pleased to present the exclusive listing of Millstone, a 338-unit, 2019-built apartment community located in the highest growth & income county in the state. The acquisition of Millstone represents an opportunity to acquire a highly sought after 2019-built property in an affluent location. The property is located in Noblesville, IN, a desirable high-end high growth suburb of vibrant and growing Indianapolis. Millstone offers luxurious finishes and amenities that appeal to high income renters by choice. Millstone is being offered free and clear.
...
Sold
Millstone of Noblesville
338 Units
15001 Creekstone Way
Noblesville, IN  46060
Type:  Multifamily
Closed: 11/18/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 91-unit Riverwood Park apartment community located 57 miles northwest of downtown Atlanta in Floyd County, Georgia. This asset is strategically-located amidst all of Rome's three-prong employment drivers (education, healthcare, and manufacturing). Built in 1998, Riverwood Park benefits from a successful in-place value-add campaign, and represents a clear-cut opportunity to invest in a quality built asset with significant room for revenue growth.
...
Sold
Riverwood Park
91 Units
525 West 13th Street NE
Rome, GA  30165
Type:  Multifamily
Closed: 11/16/2020
Property is Located in a Designated Opportunity Zone With Tax Benefits

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Via Roma, a 288-unit value-add multifamily community in Daytona Beach, Florida which has received over $2.8 million in recent capital improvements.

...
Sold
The Park At Via Roma
288 Units
875 Derbyshire Road
Daytona Beach, FL  32117
Closed: 11/12/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit The Carolina & Britain Village apartment communities located in Lawrenceville, Gwinnett County, Georgia. These assets are less than 8 miles from each other and are desirably positioned off I-85/GA-316, along the thriving I-85 northeast Atlanta corridor. Since acquisition, current ownership has invested $440K in capital improvements. Built in 1970 and 1986, The Carolina & Britain Village represent a clear-cut opportunity to invest in heavily demanded assets primed for a value-add campaign, creating significant room for revenue growth for the next investor.
...
Sold
The Carolina & Britain Village (2 properties, 150 units)
Britain Village
68 Units
1271 Britain Drive
Lawrenceville, GA  30044
Type:  Multifamily
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
...
Sold
Delta Crossing
178 Units
6000 Delta Crossing Lane
Charlotte, NC  28212
Type:  Multifamily
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 264-unit Live Oak Trace apartment community located in Denham Springs (Baton Rouge), Livingston Parish, LA. This asset is situated in the desirable region of northeast Baton Rouge, an economy driven by healthcare, petrochemical, education, state government and a vibrant port along the Mississippi River. New ownership can achieve significant rental premiums through a modernization of the amenity package and interior finishes. Built in 2002, Live Oak Trace represents an outstanding opportunity to invest in a proven value-add asset in a recession proof, high-growth market.
...
Sold
Live Oak Trace
264 Units
7615 Magnolia Beach Road
Baton Rouge, LA  70726
Type:  Multifamily
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 1970-built Margate on Cone apartments located in Greensboro, NC. The property offers an outstanding opportunity to invest in a solid performing asset within the economic powerhouse of the Piedmont Triad MSA. The immediate area surrounding Margate on Cone is experiencing a significant amount of spill-over from the city’s most affluent districts, creating a path of growth and development that will help facilitate value enhancement at the property. With all but thirty-four (34) units on the property remaining untouched and rents currently trailing the submarket average by more than $100, new ownership will have the opportunity to capitalize on a two-prong, market supported value-add program through implementing an interior upgrade initiative and implementing utility reimbursements.
...
Sold
Margate on Cone
233 Units
900 East Cone Boulevard
Greensboro, NC  27405
Type:  Multifamily
Closed: 11/10/2020