the Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of the 318-unit The Fountains at Andover apartment community located in Lexington, Fayette County, KY. Given a one-mile radius of The Fountains at Andover, average HHI is projected to grow by more than 12% over the next five years. With limitations on new multifamily driven by the Urban Services Boundary restricting developments in rural areas to help preserve farmland, there are minimum sites available suitable for apartments. Due to the restrictions, submarket occupancy and rents have continued to climb, leading to strong property performances. With demand for upgraded units in the submarket and no renovated units at the subject property, The Fountains at Andover is an excellent opportunity to acquire a true value-add investment.
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The Fountains at Andover
318 Units
3200 Todds Road
Lexington, KY  40509
Type: Conventional
Closed: 4/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
Bradford Chase
148 Units
24 Williamsburg Village Drive
Jackson, TN  38305
Type: Conventional
Closed: 4/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
Post House Jackson
150 Units
26 Rachel Drive
Jackson, TN  38305
Type: Conventional
Closed: 4/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
Post House North
145 Units
26 Revere Circle
Jackson, TN  38305
Type: Conventional
Closed: 4/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
The Oaks
100 Units
842 North Parkway
Jackson, TN  38305
Type: Conventional
Closed: 4/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
Woods of Post House
122 Units
39 Thistlewood Drive
Jackson, TN  38305
Type: Conventional
Closed: 4/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 308-unit Mansfield on the Green apartment community in Mansfield, Texas, a rapidly-expanding suburb of the high-growth DFW Metroplex. Completed in July 2018, this brand new asset is an integral part of a changing landscape of new upscale developments redefining the character of suburban Mansfield. Anchoring the south end of the prolific Texas 360 corridor equidistant to both Fort Worth and Dallas, Mansfield is an exceptional residential community with phenomenal population growth, $155,000+ average household incomes, and $300,000+ average home values. In addition to offering direct connectivity to primary DFW employment districts, Mansfield on the Green benefits from its location next to Mansfield National Golf Club and close proximity to Methodist Mansfield Medical Center and Joe Pool Lake. With its lease up rapidly approaching completion, the subject offers strong investment advantages through second generation rent increases and increasingly strong demand drivers.
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Mansfield on the Green
308 Units
250 North State Highway 360
Mansfield, TX  76063
Type: Conventional
Closed: 4/2/2019
The Cushman & Wakefield Studend Housing Group is pleased to present the exclusive listing of The Connection at Lawrence, a 324-unit, 888-bed, student housing community located in Lawrence, Kansas. This purpose-built asset caters to the Power 5, Tier One University of Kansas that exceeded 27,600 students for the Fall of 2017. Built in 2010, The Connection at Lawrence offers investors an already proven value-add opportunity, allowing the ability to recieve immediate cash flow return upon capital deployment.
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Connection at Lawrence
324 Units | 888 Beds
3100 Ousdahl Road
Lawrence, KS  66046
Type: Student
Closed: 4/1/2019
The Cushman & Wakefield Student Housing Team is pleased to present the exclusive listing of The Place at 117, a 192-unit, 588-bed student housing community located in Savoy, Illinois. This 2001 purpose-built asset offers direct access to University of Illinois at Urbana-Champaign (UIUC) campus. The Place at 117 offers investors a stabilized asset in a growing market with the opportunity to implement a value-add strategy for Fall 2019.
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The Place at 117
192 Units | 588 Beds
117 Sterling Court
Savoy, IL  61874
Type: Student
Closed: 3/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 46-unit Old 4th Ward Flats located in east Atlanta Fulton County, Georgia. Originally built as 50 units, this asset is situated just steps from the Eastside BeltLine and Freedom Parkway Trails in Old 4th Ward, ranked in the Top 10 Neighborhoods nationally and boasting explosive rental demand. Six 1960s-vintage, all-brick buildings offer walkability to redefining new developments such as Krog Street and Ponce City markets, and high-paying jobs in Downtown and Midtown.
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Old 4th Ward Flats
46 Units
195 Randolph Street
Atlanta, GA  30312
Closed: 3/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit, Crescent Commons apartment community located in Fayetteville, NC. Built in two phases in 2002 and 2006, Crescent Commons offers a highly diverse unit mix with a significant discount to replacement cost as the property recently received a capital infusion of $750,000 in 2017. The property is positioned in walking distance to Fayetteville’s newest retail boom in the Skibo Road corridor, while situated 5.5 miles from the largest military installation in the world, Fort Bragg. The Fayetteville development pipeline is nearing stabilization as the market continues to absorb the delivery spike from 2012-2014, providing new ownership with the opportunity to capitalize on a value-add initiative to capture the rental gap and boost existing annual NOI by 29%.
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Crescent Commons
288 Units
812 Crescent Commons Way
Fayetteville, NC  28314
Closed: 3/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Garden Lane
261 Units
1901 Lafayette Street
Gretna, LA  70053
Type: Conventional
Closed: 3/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 23-unit French Quarter apartments located in north metro Atlanta, Fulton County, Georgia. This boutique Buckhead offering is situated in Atlanta’s top urban submarket posting the metro’s strongest rent growth. Built in 1967, French Quarter offers a rare opportunity for short and long-term returns in one of the most sought-after residential districts in the nation.
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French Quarter
23 Units
45 Sheridan Drive
Atlanta, GA  30305
Closed: 3/25/2019
Cushman & Wakefield, as exclusive advisor, is pleased to present Broadstone Harbor Beach – a waterfront, midrise apartment community with 394-units in Fort Lauderdale, Florida. Situated in the heart of the world’s largest yacht mecca, every detail was carefully selected at Broadstone Harbor Beach resulting in the merger of inspirational waterfront living and architecture. The property is being offered for the first time by its developer, Alliance Residential and represents one of only seven waterfront communities in the county.
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Broadstone Harbor Beach
394 Units
1721 SE 17th Street
Fort Lauderdale, FL  33316
Closed: 3/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Flats at East Atlanta apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of northeast Atlanta, this asset has close-in access to all of Atlanta’s major employment hubs via I-20 and I-285. Built in 1967, Flats at East Atlanta offers an outstanding opportunity to benefit from lucrative rent growth driven by the asset’s fully renovated exteriors and upscale interior renovations.
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Flats at East Atlanta
140 Units
2522 Flat Shoals Road
Decatur, GA  30032
Type: Conventional
Closed: 3/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Magnolia Place
148 Units
1001 East Dale Street
New Iberia, LA  70560
Closed: 3/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Steeplechase
192 Units
715 Marie Antoinette Street
Lafayette, LA  70506
Closed: 3/19/2019
Sold
Beech Meadow Apartments
272 Units
147 Diplomat Court
Beech Grove, IN  46107
Type: Conventional
Closed: 3/15/2019
Sold
Spanish Fort Town Center
216 Units
30000 Town Center Avenue
Spanish Fort, AL  36527
Type: Conventional
Closed: 3/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Commando Village apartment community located in Fort Walton Beach, Florida. The Florida Panhandle boasts a stable military backbone, with Eglin Air Force Base and Hurlburt Field (33,000 jobs total) within 15 minutes of Commando Village. The community boasts high visibility and access off Martin Luther King Jr Blvd, a major arterial corridor in Fort Walton Beach that connects with some of the area’s top employers. Built in 1992, Commando Village offers the investor an asset with massive floorplans, home-like amenities, and a proven value add campaign. The property currently operates under a ground lease set to expire in 2051, but there is high renewal potential.
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Commando Village
300 Units
302 Blessinger Drive
Fort Walton Beach, FL  32547
Closed: 3/14/2019

Cushman & Wakefield is pleased to offer BROADSTONE ROOSEVELT ROW: A brand new 316-unit, Class "A" luxury rental community centrally located in the heart of Downtown Phoenix, Arizona in the iconic Roosevelt Row Arts District - one of the most popular neighborhoods not only in Phoenix, but in the nation. This very walkable community is just steps away from art galleries, restaurants, retail shops, bars and entertainment venues forming the Phoenix area’s only true urban, walkable neighborhood. Broadstone Roosevelt Row features a mix of spacious studio, one, two and three bedroom floor plans as well as superior amenities. Broadstone Roosevelt Row’s location is the gateway to and from Downtown Phoenix and provides residents access to all the Roosevelt Row and Downtown Phoenix has to offer, all located literally just steps away. The property’s location is less than a half-mile away from the I-10 freeway and only a 7-minute walk to the light rail station at Roosevelt Street and Central Avenue.

Residents can take advantage of Broadstone Roosevelt Row’s two-story clubhouse with upscale chef’s kitchen, classic arcades and billiard games, pool and spa with five private cabanas, swim house featuring a complimentary coffee bar, oversized TV and billiard games, rooftop deck with fire pits, three landscaped outdoor patios with lounge seating, fire pits and barbecue grills, climate controlled interior corridors, direct access parking garage, resident bike storage, interior resident storage units, smartphone resident access system, Butterfly MX video intercom system, WiFi in gathering spaces, water features, resident beach cruisers and on-site restaurant and retail.

The extensive amenities offered residents are matched by the high level interior finishes provided in each individual residence. Broadstone Roosevelt Row’s floor plans feature gourmet kitchens with gas cooktops, energy efficient GE stainless-steel appliances, modern cabinetry with brushed nickel pulls, quartz countertops, wood style flooring, tile backsplash in kitchens and baths, USB charging outlets, Nest learning thermostats and front-load washers/dryers. Select units feature soaring 19-foot ceilings, DuChateau hardwood flooring, pendant lighting, en-suite bathrooms with dual vanities, walk-in closets, Sonos sound system, wine refrigerators and personal balconies/patios.

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Broadstone Roosevelt Row
316 Units
330 East Roosevelt Street
Phoenix, AZ  85004
Type: Conventional
Closed: 3/12/2019

Eco Square is a 108-unit garden apartment community on the southeast side of Evansville, Indiana. Built in 1966, the property is comprised of eleven two-story residential buildings. Buildings have brick exteriors with mansard roofs. All windows have been replaced since original construction. Eco Square is named to reflect its environmental and sustainability focus. Residents enjoy eco-friendly living amenities such as community gardening and composting and on-site recycling. Many units have energy saving light bulbs and low-flow water devices. The community offers a resortstyle swimming pool, a large, well landscaped courtyard, grilling areas and bike stations.

With the exception of one efficiency unit, the property consists of 107 Two Bedroom/One bath units with identical 825 square foot floor plans. The leasing office and maintenance shop are located in one of the Two Bedroom units.

Units feature large living rooms and walk in closets in the master bedrooms.

Terra Trace is an 84-unit garden apartment community on the east side of Evansville, Indiana. The property was built in 1978 and is comprised of eleven two-story residential buildings and a single story clubhouse/ office. Building exteriors are brick and new vinyl siding (installed in 2013). Roofs are pitched with composite shingles. Nine roofs were replaced in 2013-2014. Other recent capital improvements include replacement of balconies, new signage, new landscaping and hallway refurbishment. This refurbishment included painting, new light fixtures and new flooring at stair landings in all twenty-two halls and carpet in ten halls.

The property consists of 56 One Bedroom/One Bath units (in two floor plans), 20 Two Bedroom/One Bath units and 8 Two Bedroom/One and One-half Bath units. Units have generous floor plans, are all electric and include private access intercom systems. Select units include private patios or balconies and outside storage. Eight units have upgraded kitchens (stained cabinets, new cabinet hardware, counters, lighting) and new bathroom vanities. Upgraded units command rents between $35 and $65 per month more than non-upgraded units.

In addition to a clubhouse with Wi-Fi, community amenities include a swimming pool and on-site laundry facilities.

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Eco Square & Terra Trace (2 properties, 192 units)
Eco Square Apartments
108 Units
700 Chateau Drive
Evansville, IN  47715
Type: Conventional
Closed: 3/12/2019

Eco Square is a 108-unit garden apartment community on the southeast side of Evansville, Indiana. Built in 1966, the property is comprised of eleven two-story residential buildings. Buildings have brick exteriors with mansard roofs. All windows have been replaced since original construction. Eco Square is named to reflect its environmental and sustainability focus. Residents enjoy eco-friendly living amenities such as community gardening and composting and on-site recycling. Many units have energy saving light bulbs and low-flow water devices. The community offers a resortstyle swimming pool, a large, well landscaped courtyard, grilling areas and bike stations.

With the exception of one efficiency unit, the property consists of 107 Two Bedroom/One bath units with identical 825 square foot floor plans. The leasing office and maintenance shop are located in one of the Two Bedroom units.

Units feature large living rooms and walk in closets in the master bedrooms.

Terra Trace is an 84-unit garden apartment community on the east side of Evansville, Indiana. The property was built in 1978 and is comprised of eleven two-story residential buildings and a single story clubhouse/ office. Building exteriors are brick and new vinyl siding (installed in 2013). Roofs are pitched with composite shingles. Nine roofs were replaced in 2013-2014. Other recent capital improvements include replacement of balconies, new signage, new landscaping and hallway refurbishment. This refurbishment included painting, new light fixtures and new flooring at stair landings in all twenty-two halls and carpet in ten halls.

The property consists of 56 One Bedroom/One Bath units (in two floor plans), 20 Two Bedroom/One Bath units and 8 Two Bedroom/One and One-half Bath units. Units have generous floor plans, are all electric and include private access intercom systems. Select units include private patios or balconies and outside storage. Eight units have upgraded kitchens (stained cabinets, new cabinet hardware, counters, lighting) and new bathroom vanities. Upgraded units command rents between $35 and $65 per month more than non-upgraded units.

In addition to a clubhouse with Wi-Fi, community amenities include a swimming pool and on-site laundry facilities.

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Eco Square & Terra Trace (2 properties, 192 units)
Terra Trace Apartments
84 Units
1715 Theater Drive
Evansville, IN  47715
Type: Conventional
Closed: 3/12/2019
Sold
Chapel Ridge of Jackson
144 Units
1636 Raymond Road
Jackson, MS  39204
Type: LIHTC
Closed: 3/5/2019