The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 58-unit value-add apartment community, Southern Villas, located in Daytona Beach, Florida.

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Southern Villas
58 Units
239 Oak Tree Circle
Daytona Beach, FL  32114
Closed: 12/31/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 105-unit bulk condominium offering, Whisper Oaks Villas, located in Daytona Beach, Florida.

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Whisper Oaks Villas
105 Units
300 Forest Glen
Daytona Beach, FL  32114
Type: Conventional
Closed: 12/31/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Berkeley Square (or the "Property"), a 48-unit multifamily investment offering in San Jose, California. Featuring 33 fully renovated units, Berkeley Square is a Silicon Valley value-add offering with significant upside through the renovation of the remaining 15 units in classic condition. Current ownership has not yet implemented a RUBS program, allowing a future owner to realize additional revenue from utility billback. A new owner will also be able to capture the significant loss-to-lease factor for renovated units as well as benefit from substantial operational savings for a total upside of 32% of current income.
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Berkeley Square
48 Units
1525 N 1st Street
San Jose, CA  95112
Closed: 12/30/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Deering Groves (the “Property”) – a Class-A, 281-unit garden apartment community located in Miami-Dade, Florida. The property was completed in 2019 and is approaching stabilization with a strong lease-up pace. Deering Groves presents a rare opportunity to acquire a new construction, garden style Miami-Dade opportunity being offered to the market for the first time by its developer, internationally recognized AHS Residential. Deering Groves has a favorable unit mix with 82% of the mix comprised of two- and three-bedroom units. Conveniently located with immediate access to US-1 and Florida’s Turnpike, residents can easily connect to major employment markets within Miami-Dade including Coral Gables, Doral and Downtown Miami. Additionally, two miles south is the Homestead Air Reserve Base which generates $350 million into the local economy.
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Deering Groves
281 Units
13710 SW 256th Street
Homestead, FL  33032
Closed: 12/30/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Solmar on Sixth - a midrise apartment community in downtown Fort Lauderdale, Florida’s emerging Flagler Village neighborhood. The 7-story multifamily asset consists of 286 apartment homes and was built in 2009. The Property recently completed approximately $5 million in improvements that include a full clubhouse renovation, a gym renovation, the addition of a dog park, modernization of the leasing office, and a hallway revamping including energy efficient lighting. Further, the Property completed 236 complete unit renovations, leaving 50 "Classic" units to be renovated by future ownership. The remaining upside, the Property’s uniquely large floorplans, and the Property’s comparative value for the neighborhood present an opportunity for consistent above market performance. Since Solmar on Sixth was first developed, Flagler Village has transformed dramatically and continues to evolve. The neighborhood is poised for further expansion and maturation through numerous new and walkable commercial projects that will greatly enhance the connectivity and demand for this asset.
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Solmar on Sixth
286 Units
408 NE 6th Street
Fort Lauderdale, FL  33304
Closed: 12/30/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listings of the 344-unit Brookview and Centerview Terrace apartment communities located in Douglasville and Smyrna, Georgia. These assets are each embedded in desirable retail, and situated off prominent corridors and proximate to numerous employment drivers. Built in 1967 & 1968, Brookview and Centerview Terrace offer outstanding opportunities to invest in textbook value-add assets in growing northwest suburban Atlanta.
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Brookview & Centerview Terrace (2 properties, 344 units)
Centerview Terrace
128 Units
2300 Benson Poole Road
Smyrna, GA  30082
Type: Conventional
Closed: 12/29/2020

Creekside South is being offered for sale for the first time ever by the original owner/developer. The property is very well maintained, and substantial capital improvements have been made by the current owner including new roofs, HVAC systems, balconies and more. While well cared for and maintained, Creekside South offers largely original interior finishes. The property is a blank slate in terms of upgrade potential. With ample interior common area space in the clubhouse and open green space throughout the property, additional amenities can easily be added. Current rents at Creekside South trail the surrounding competition by as much as $300 per month. In addition to raising rents and upgrading units, other income can be grown by increasing the water/sewer recovery and providing washer/dryer machines to residents.

Located directly on Stop 11 Road on Indy’s Southside, Creekside South benefits from excellent visibility and ample drive-by traffic. In 2020, the Indianapolis south submarket maintained 95%+ average occupancy and rents grew by 4.7%. Residents of Creekside South enjoy easy access to downtown Indianapolis, Greenwood and plentiful nearby employment.

Creekside South has a long history of maintaining mid 90%'s occupancy. Rental revenue has grown by more than 5% in T-12 vs 2019. The property is being offered for sale on a free and clear basis and will qualify for the most attractive new debt.

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Creekside South
190 Units
8055 Crossing Drive
Indianapolis, IN  46227
Type: Conventional
Closed: 12/29/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Sterling Magnolia, an irreplaceable core-plus value-add opportunity located in the exclusive submarket of Myers Park. The immediate area is defined by blue-chip demographics ($146,000 Average Household Income), luxurious homes ($536,000 Median Home Value) and proximity to Charlotte’s premier employment hubs, Uptown and Southpark, offering 150K jobs within a 10-minute drive of the property. The 174-unit, 2004-built asset features both garden and urban attributes, condo sized floorplans (1,121 average SF) and is situated in a submarket composed of Charlotte’s most affluent residents, offering investors a unique framework to complete a high-end value-add and close the $0.33 PSF rent delta to submarket competitors.
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Sterling Magnolia
174 Units
3720 Wendwood Lane
Charlotte, NC  28211
Type: Conventional
Closed: 12/29/2020

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Union Green, a 172-unit, 2019-built apartment community located in high growth and affluent Brownsburg, IN.

Union Green is a brand new, Class A mixed-use apartment community located in one of Indiana’s hottest and most affluent submarkets. Hendricks County is among the country’s fastest-growing and offers residents an exceptionally high quality of life. Union Green is part of a recent $80M+ development corridor in downtown Brownsburg including residential, office (+co-working) and retail in a newly minted walkable, urban setting. Amenities at Union Green are best in class, with no equal among the submarket competition.

Rush on Main (Chicago-Inspired Eatery) occupies the approximately 3,908sf of the +/-14,000sf of retail. With a high level of interest from the retail community, lease-up of the remaining space is imminent.

Click below for Virtual Tours:

Model

Prospect A

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Union Green
172 Units
SR 267
Brownsburg, IN  46112
Closed: 12/29/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Swan Lake Apartments, a 640-unit value-add multifamily community in Tampa, Florida.

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Swan Lake
640 Units
3401 N. Lakeview Drive
Tampa, FL  33618
Closed: 12/23/2020
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.
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The Avalon
240 Units
6000 Regal Estates Drive
Charlotte, NC  28212
Type: Conventional
Closed: 12/23/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Jackson 560 Portfolio which consists of two assets in Jackson, MS’ best suburbs. The Gables (168 units) features above market rents in the highly sought-after suburb of Ridgeland which maintains “A” ranked schools and $90K+ incomes (5-mile radius). With 392 units, The Reserve of Byram presents the next investor the opportunity to own 44% of the Byram submarket. Each property benefits from quick access to Downtown Jackson and the MSA’s premiere retail pockets in East Jackson and the Madison/Ridgeland Corridor via I-55 and presents immediate opportunity to boost rents $100-$150 through value add campaigns. Built in 2003 & 2000/2006, the Jackson 560 Portfolio presents an outstanding opportunity to invest in value add assets with convenient access to jobs/retail. The assets can be purchased individually or as a portfolio.
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Jackson 560 Portfolio (2 properties, 560 units)
The Reserve of Byram
392 Units
350 Byram Drive
Byram, MS  39272
Closed: 12/23/2020
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.
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Southeast Value-Add 4 Portfolio (4 properties, 780 units)
Brighton Park
200 Units
9000 Watson Boulevard
Byron, GA  31095
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 76-unit Harvest Oak apartment community located five miles west of Downtown Atlanta in Fulton County, Georgia. This close-in infill asset is situated in rapidly developing Westside Atlanta - a swiftly evolving employment and entertainment hub with unparalleled access to all of Atlanta's major job centers. Built in 1960, Harvest Oak offers a well-located asset in a burgeoning district of the City with proven value-add potential.
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Harvest Oak
76 Units
2948 Delmar Lane NW
Atlanta, GA  30311
Closed: 12/22/2020

A Trophy Residential High-Rise in Midtown Miami

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Midtown Five (the “Property”) – a 25-story, class-AAA high-rise in the center of master-planned Midtown Miami. Midtown Five is composed of 400 luxury residences with 23,312 square feet of ground floor retail that sit along Midtown Miami’s main thoroughfare. The Property has outperformed the market in occupancy and collections and is well positioned for continued success due to its top-of-the-market unit finishes, expansive amenity package, and its irreplaceable location with immediate walkability to the 645,000 square foot Shops at Midtown, multiple under construction office projects, and two proposed Brightline stations. Midtown Five presents an extremely rare urban Miami high-rise acquisition opportunity that is poised to greatly benefit a long-term investor through Miami’s continued growth towards a first-tier world-class city.

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Midtown Five
400 Units
125 NE 32nd Street
Miami, FL  33137
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 690-unit Park at Hurstbourne apartment community located in Louisville, Jefferson County, Kentucky. Louisville’s strong economic drivers are expected to see 40% employment growth over the next ten years. The asset’s excellent micro-location provides easy connectivity to major employers, including GE Appliance Park, home to over 6,500 jobs. Park at Hurstbourne has a superior amenity package that includes indoor and outdoor pools, an indoor basketball court and outdoor sports court, and a newly renovated clubhouse. Further, there is room to push rents through a tested interior value-add scenario. The property’s elite amenity package paired with an interior value-add scenario will propel the asset to the top of its submarket.
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The Park at Hurstbourne
690 Units
5555 Big Ben Drive
Louisville, KY  40291
Type: Conventional
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 504-unit Arden Pointe apartment community located in Montgomery, AL. This asset is situated in the growing Midtown submarket offering unmatched access to both Downtown and booming East Montgomery. Built in 1974, Arden Pointe is perhaps the most well-located 70’s vintage asset in Montgomery. Boasting 504 units, there is immediate scale at the property to harness operational efficiencies with massive value add potential.
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Arden Pointe
504 Units
5600 Carmichael Road
Montgomery, AL  36117
Type: Conventional
Closed: 12/21/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Artisan Twickenham Square, 246 units in Huntsville, AL. The multifamily units can be purchased in conjunction with 56K+ SF of Publix-anchored retail in the adjoining development, including two ground floor spaces under the multifamily. The asset’s luxurious interiors, upscale amenities, and urban aesthetics cater to a markedly affluent profile, exemplified by an average household income of $130K+. Residents at the property benefit from immediate access to The Shops Twickenham Square which features boutique retail, eateries and the major grocery chain, Publix. The property sits just 2 blocks from Huntsville Hospital (9,000+ jobs), 1 block from Redstone Federal’s new 67K SF office building (400 jobs), and adjacent to the $250M Orthopedic and Spine Tower that will be completed in 2021. Built in 2014/2015, Artisan Twickenham Square has demonstrated impressive operational trends, providing new ownership a firm foundation for immediate growth in an irreplaceable location.
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Artisan Twickenham Square
246 Units
700 Dorothy Ford Lane
Huntsville, AL  35801
Type: Conventional
Closed: 12/18/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 344-unit Harbor Pointe apartment community located Mount Pleasant, South Carolina. This generationally located asset is situated in the highly sought-after Charleston submarket of Mount Pleasant offering direct access to downtown Charleston, walkability to a plethora of retail, dining, and entertainment options, as well as access to the major economic drivers of Charleston. Built in 1987, Harbor Pointe offers an incredible opportunity to infuse the 32-acre property with capital to push rents over $300 and establish market presence in a top southeast location presenting high barriers to entry and untapped future potential.
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Harbor Pointe
344 Units
331 Harbor Pointe Drive
Mt. Pleasant, SC  29464
Type: Conventional
Closed: 12/18/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 2-property portfolio Planters Trace and Sandover located in Charleston, SC. Both mid-70s build assets are located in fundamentally strong and growing submarkets of Charleston, driven by the plethora of employment opportunities and recent heavy investment into the area. The portfolio presents the opportunity to boost NOI by 31% as 95% of the units are still available for the in-place value-add program, generating proven premiums ranging from $55-$300+.
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Planters Trace & Sandover (2 properties, 233 units)
Planters Trace
96 Units
2222 Ashley River Road
West Ashley, SC  29414
Type: Conventional
Closed: 12/17/2020
Sold
The Sterling
107 Units
1303 West Juniper Avenue
Gilbert, AZ  85233
Closed: 12/17/2020
Sold
Evergreens at Mahan
412 Units
901 Riggins Road
Tallahassee, FL  32308
Type: Conventional
Closed: 12/16/2020
Cushman & Wakefield, Inc., as exclusive advisor, is pleased to present The Villas On Fir, a brand new, best-in-class development with 290 residences in the heart Granger, Indiana. This unique opportunity allows new ownership to own a stabilized asset with powerful tenant and market demographics with an unmatched location in greater South Bend, Indiana. The area economy is not only powered by Notre Dame University but also by a health care and manufacturing scene that is one of the top in the nation. A professional, well-educated, renter dominated population fuels the demand for new, highly amenitized apartments in a market with record low vacancies, real rent growth and minimal new construction.

For access to confidential documents, please register at: villasonfir-cw.com
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The Villas on Fir
290 Units
6205 N Fir Rd
Granger, IN  46530
Closed: 12/16/2020
Sold
Tremont at 22
270 Units | 600 Beds
22 Campbell Scenic Drive
Hattiesburg, MS  29401
Type: Student
Closed: 12/16/2020