Cushman & Wakefield is proud to announce the exclusive right to sell the EVO Apartments, a newly-built rental community in Las Vegas, Nevada.

The asset is one of the nicest in the valley, with four resort-style pools, an indoor basketball court, and ease of access to employment centers and major thoroughfares. Las Vegas has experienced a spur of economic development in recent years as new employers flock to the area, attracted by one of the most affordable and dynamic business climates in the U.S. The resulting influx of new jobs has led to increased demand for quality housing, outpacing supply.

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Evo Apartments
376 Units
8760 West Patrick Lane
Las Vegas, NV  89148
Type: Conventional
Closed: 12/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
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Ashley Woods & Whispering Woods (2 properties, 204 units)
Ashley Woods
96 Units
3900 Northside Drive
Macon, GA  31210
Type: Conventional
Closed: 11/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
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Ashley Woods & Whispering Woods (2 properties, 204 units)
Whispering Woods
108 Units
4411 Northside Drive
Macon, GA  31210
Type: Conventional
Closed: 11/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 269-unit The Reserve at Ridgewood apartment community located in Sandy Springs, Fulton County, Georgia, where 85% of the 2005-incorporated city's residential land allows for only detached, single-family homes. The Reserve at Ridgewood is located less than a mile NW of the North Springs MARTA Transit station, and offers desirable access to Roswell Road retail and best-in-metro access to Atlanta's top employment districts. The nearby Central Perimeter corporate center, home to the new Mercedes-Benz and State Farm corporate campuses, is Atlanta's largest job base with 33M SF of office and 135,000+ employed.
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The Reserve at Ridgewood
269 Units
7100 Roswell Road NE
Sandy Springs, GA  30328
Type: Conventional
Closed: 11/26/2019

Arbors at Evansville North/South are adjacent multifamily properties situated on 22 acres. The two communities combined have 271 units of both garden and townhome style residences. To achieve economies of scale and other cost sharing benefits, the current owner, a California-based private equity group, began running the properties together in the summer of 2016.

Arbors North is offered at $31,000 per unit / $4,600,000

Built in 1972, the majority of the units at Arbors North have original interior finishes and offer the new owner the opportunity to complete updates and achieve higher occupancy inline with the submarket, at 93%. Currently, Arbors North receives a 75% Assessed Value deduction which lowers the property real estate tax bill. In exchange for this deduction, the owner agrees that 75% of the units are leased by residents earning 80% or less of the area median income and at least 25% of the units are leased by resident earning 50% or less of the area median income. Up to 25% of the units may be leased with no income restrictions. The new owner of Arbors at Evansville can maintain the assessed value deduction and income restrictions or may opt out of the program and have no income restrictions.

Arbors South is offered at $33,000 per unit / $4,000,000

While originally constructed in 1963, In 2012/2013 Arbors South was fully renovated with new roofs, new windows, complete unit upgrades (including new cabinets, flooring, appliances, light fixtures, etc.), and additional common area upgrades. The portfolio is being offered free and clear, however Arbors South does have attractive assumable debt (Freddie Mac Loan, $3M+/- Balance, 4.56% interest rate, due in June of 2026)

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Arbors at Evansville (2 properties, 271 units)
Arbors at Evansville North
150 Units
1320 Lee Court
Evansville, IN  47714
Closed: 11/22/2019

Arbors at Evansville North/South are adjacent multifamily properties situated on 22 acres. The two communities combined have 271 units of both garden and townhome style residences. To achieve economies of scale and other cost sharing benefits, the current owner, a California-based private equity group, began running the properties together in the summer of 2016.

Arbors North is offered at $31,000 per unit / $4,600,000

Built in 1972, the majority of the units at Arbors North have original interior finishes and offer the new owner the opportunity to complete updates and achieve higher occupancy inline with the submarket, at 93%. Currently, Arbors North receives a 75% Assessed Value deduction which lowers the property real estate tax bill. In exchange for this deduction, the owner agrees that 75% of the units are leased by residents earning 80% or less of the area median income and at least 25% of the units are leased by resident earning 50% or less of the area median income. Up to 25% of the units may be leased with no income restrictions. The new owner of Arbors at Evansville can maintain the assessed value deduction and income restrictions or may opt out of the program and have no income restrictions.

Arbors South is offered at $33,000 per unit / $4,000,000

While originally constructed in 1963, In 2012/2013 Arbors South was fully renovated with new roofs, new windows, complete unit upgrades (including new cabinets, flooring, appliances, light fixtures, etc.), and additional common area upgrades. The portfolio is being offered free and clear, however Arbors South does have attractive assumable debt (Freddie Mac Loan, $3M+/- Balance, 4.56% interest rate, due in June of 2026)

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Arbors at Evansville (2 properties, 271 units)
Arbors at Evansville South (Stonebrook)
121 Units
3600 Covert
Evansville, IN  47714
Closed: 11/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 508-unit 3500 The Vine apartment community located in Peachtree Corners, Gwinnett County, Georgia. This asset is desirably positioned just off Peachtree Industrial Blvd., along the thriving I-85 northeast corridor. Since acquisition, current ownership has invested $2.9M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and significant potential for the next investor to completely round out the community. Built in 1981, 3500 The Vine offers an excellent opportunity to acquire a repositioned asset in a high-growth submarket with proven value-add upside.
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3500 The Vine
508 Units
3500 Peachtree Corners Circle
Peachtree Corners, GA  30092
Type: Conventional
Closed: 11/21/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 223-unit Rolling Hills apartment community located in Durham, NC MSA. This asset is situated within an affluent, well-educated labor pool and is poised to benefit from a revitalized downtown Durham, which continues to attract new and expanding tech/healthcare employers. In addition, the asset is positioned within a top submarket projected to see strong rent growth. This coupled with current ownership’s substantial capital investment of $447,000 paves the way for new ownership to take advantage of an untapped value-add opportunity, which would boost NOI by 19%.
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Eagle Point
223 Units
412 East Pilot Street
Durham, NC  27707
Type: Conventional
Closed: 11/21/2019
Sold
Bonterra
221 Units
660 Bonterra Blvd
Fort Wayne, IN  46845
Type: Conventional
Closed: 11/20/2019

English Village is a partially renovated 1987 built property in a desirable location that benefits from limited nearby competition. 71 units have been fully upgraded and achieve rent premiums of $100 +/-.

The new owner could continue to upgrade and updated the remaining 137 unit to increase revenue. Located in Warren Township, on the southeast side of Indianapolis, English Village enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants, employment and medical facilities.

English Village offers very attractive Fannie Mae debt already in place which can be assumed. Debt terms include a low 4.57% interest rate, interest only payments until December of 2022 and loan maturity not until November of 2032.

English Village can be purchased individually or as part of a 600 unit, 3 property portfolio to include Pheasant Run – 184 Units and Echo Ridge 208 Units. All three properties are located on the south eastside of Indianapolis and a portfolio purchases offers economies of scale.

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English Village
184 Units
545 English Village Drive
Indianapolis, IN  46239
Type: Conventional
Closed: 11/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 64-unit Salem Chase apartment community located in Conyers, Georgia. This asset is situated in Rockdale County along East Atlanta’s path of progress, which is fueled by easy access throughout Metro Atlanta via I-20. The strong industrial East Side job market has resulted in excellent rent growth in the submarket. Built in 2006, Salem Chase offers an outstanding opportunity to invest in a solid-performing asset with value-add upside.
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Salem Chase
64 Units
50 Salem Chase Drive
Conyers, GA  30013
Closed: 11/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Estates at Barrington apartment community located in Macon, Bibb County, Georgia. This asset is situated in the charming Barrington Hall community in Northwest Macon, desirable for its unique neighborhood setting paired with excellent access to the market’s finest retail corridors. Macon’s excellent apartment market fundamentals have made way for proven value-add renovation strategies as well as new development that is raising the rent ceiling for the Class A market. Built in 1995, Estates at Barrington Hall arrives generously amenitized and in prime condition to benefit from an aggressive value-add strategy with potential to increase potential annual income by more than $333K.
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Estates at Barrington
176 Units
301 Barrington Hall Drive
Macon, GA  31210
Type: Conventional
Closed: 11/15/2019
Sold
Hillwood
118 Units
1 Gatsby Drive
Montgomery, AL  36106
Type: Conventional
Closed: 11/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 302-unit Lively Indigo Run apartment community located in Ladson, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors and a market leading amenity package, Lively Indigo Run is truly the premier multifamily asset in the Ladson area of North Charleston. With convenient I-26 access, the property is just minutes from Downtown Charleston as well as major employment centers including Boeing (8,200 jobs), Joint Base Charleston (22,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). Located within the Ingelside mixed-use development micromarket, the property offers an unmatched quality of life and is in close proximity to North Charleston’s most coveted retail and entertainment destinations. Lively Indigo Run is uniquely positioned to capitalize on long-term favorable market fundamentals.
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Lively Indigo Run
302 Units
9255 Blue House Road
Ladson, SC  29456
Type: Conventional
Closed: 11/15/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

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South Tampa Value-Add Portfolio (2 properties, 136 units)
Palms at Ballast Point
48 Units
3729 W. Tyson Avenue
Tampa, FL  33611
Type: Conventional
Closed: 11/15/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

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South Tampa Value-Add Portfolio (2 properties, 136 units)
Sun Bay
88 Units
3730 W Bay Avenue
Tampa, FL  33611
Type: Conventional
Closed: 11/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Shoreham apartment community located in Albany, Dougherty County, Georgia. This asset is situated in the desirable Northwest Albany area along arterial corridor, Dawson Road, which quickly connects residents to the market’s premier retail and major job hubs. Built in 1968, Shoreham represents an outstanding opportunity to invest in a moderately renovated, value-add primed asset, poised to benefit from several new jobs coming in the next 12 months, including a brand new hospital (350 jobs) and Georgia-Pacific’s new lumber plant (230 jobs).
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Shoreham
176 Units
2001 Dawson Road
Albany, GA  31707
Type: Conventional
Closed: 11/14/2019

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 267-unit Lexingotn Apartment Homes community located in Sarasota, Florida.

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The Lexington
267 Units
3510 Cheshire Square
Sarasota, FL  34237
Closed: 11/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 202-unit Axiom apartment community located in the Charlotte, North Carolina. This asset is situated in rapidly expanding eastern Charlotte along a very desirable thoroughfare, which provides convenient access to 250,000 jobs within a 15-minute drive, as well as convenience to the most popular entertainment hubs throughout the city. Strong demographic trends show a 15% increase to household income over the next 5 years and an unemployment rate below 4% in the immediate three-mile radius. Built in 1987, Axiom represents an outstanding opportunity to invest in an untapped value-add that would realize $150-250 rental premiums and see an annual NOI Boost of nearly $475K representing a 57% increase over current levels.
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Axiom Apartments
202 Units
5625 Keyway Boulevard
Charlotte, NC  28215
Type: Conventional
Closed: 11/13/2019

Brookview Apartments is an attractive 220 unit community that has been well maintained by the original owner and is located on 25.66 acres on Indianapolis’ east side. Built in 1975, the property has mature trees, vast greenspace and a large stocked lake.

The property offers an attractive unit mix of 1 and 2 bedroom garden style units and 2 or 3 bedroom townhomes with beautiful open floorplans. There remains upgrade potential by adding washer / dryer hookups and machines, a bark park, a grilling station by the pool and creating a walking path around the lake.

Brookview is located one street north of busy Washington Street (US 40) and just east of Interstate -465 (Indianapolis’ interstate beltway) on the city’s suburban east side. The location provides the community with a quiet atmosphere while being exceptionally convenient to dining, shopping and major employment centers.

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Brookview
220 Units
1151 Aqua Vista Dr
Indianapolis, IN  46229
Type: Conventional
Closed: 11/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Inspire SouthPark, a generational, 369-unit NGBS-Bronze-Certified apartment community located in Charlotte’s most affluent submarket of SouthPark. As one of the most sought-after residential locations in the Southeast, SouthPark is infill Charlotte’s premier live-work-play destination defined by upscale retail, trendy restaurants, and Fortune 500 employment centers across a walkable urban backdrop. Recognized as the city’s "Best Residential Development" by the Charlotte Business Journal at the 2018 CRE Heavy Hitters Awards, Inspire SouthPark boasts best-in-market amenities focused on micro-experiences, a distinguished presence along heavily-trafficked Sharon Road, and the neighborhood’s best access to Charlotte’s CBD. With stabilization imminent following Inspire SouthPark’s remarkably rapid lease-up, investors are ideally positioned to realize embedded rent growth driven by the continuation of lease-up burn off, attractive fundamentals highlighted by blue-chip renter profiles, and catalyzing new development that will redefine SouthPark’s positioning as Charlotte’s premier submarket.
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Inspire SouthPark
369 Units
345 Sharon Township Lane
Charlotte, NC  28211
Type: Conventional
Closed: 11/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 70-unit Salem Terrace apartment community located in Covington, Georgia in eastern suburban Atlanta. Newton County is strategically located along East Atlanta’s prolific I-20 corridor. The strong east side manufacturing base has resulted in excellent submarket fundamentals. Built in 1977, Salem Terrace has proven value-add upside and represents an outstanding investment opportunity.
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Salem Terrace
70 Units
3400 Salem Road
Covington, GA  30209
Type: Conventional
Closed: 11/7/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Belvoir - 100 multifamily units located in Chattanooga, Hamilton County, Tennessee. Strategically located just 15 minutes from downtown Chattanooga, the property offers quick accessibility to major employers, health care, and retail centers via I-24. Built in 1970, The Belvoir represents an outstanding opportunity to acquire a true value-add asset in a thriving market.
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The Belvoir
100 Units
3725 Fountain Avenue
Chattanooga, TN  37412
Type: Conventional
Closed: 11/7/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Laurel View, a newly-constructed 174-unit apartment community in Charlotte, NC’s thriving suburb of Concord. Recently stabilized in Feb-2019 after rapid absorption, Laurel View offers new ownership the chance to acquire a brand new asset poised for immediate rent growth to close the current $160+ gap to class A competitors in Concord - an affluent suburban submarket defined by well-educated residents and dominant white collar employment. Concord’s diminishing supply pipeline ideally positions Laurel View within an insulated competitive submarket that offers blue-chip convenience to expanding lifestyle amenities and Charlotte’s most prominent job centers via seamless access to I-85.
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Laurel View
174 Units
350 Joshua Place NW
Concord, NC  28027
Type: Conventional
Closed: 11/6/2019