The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Fern Parc - 343 units located in Huntsville, AL, ranked #1 in AL and #6 in the Nation for job growth. Huntsville attracted over $2.7B in capital investment in 2018 and added 9,500+ new jobs YoY, well outperforming both state and national averages. Notably Huntsville now has the #1 most technical workforce in the country, with nearly 17% of the workforce in a STEMrelated field and earning $95k+ salaries. The metro’s mass influx of capital and quality jobs, sourced by low business costs and a favorable tax climate, will continue to lure some of the country’s leading science, manufacturing, and industrial companies. Fern Parc features high visibility off Memorial Pkwy along Huntsville’s South Corridor, offering residents first-rate connectivity to the metro’s key employment drivers and mixed use projects. Originally constructed in 1974 and fully rehabbed in 2014/2015, Fern Parc represents the opportunity acquire a quality physical plant within the premier Huntsville investment space.
...
Sold
Fern Parc
343 Units
4100 S. Memorial Parkway
Huntsville, AL  35802
Type:  Multifamily
Closed: 9/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 486-unit Parkside at Camp Creek apartment community located in south metropolitan Atlanta, Fulton County, Georgia. Strategically situated less than three miles west of Hartsfield-Jackson International Airport, this asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1970, Parkside at Camp Creek offers an outstanding opportunity to invest in a strong-performing asset with proven value-add potential.
...
Sold
Parkside at Camp Creek
486 Units
4031 Seven Oaks Lane SW
East Point, GA  30344
Type:  Multifamily
Closed: 9/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 71-unit apartment community located in Warner Robins, Houston County, Georgia. This asset is situated strategically just 2.5 miles from Robins Air Force Base, which recently announced aggressive strategy to add 1,200 tech and cyber security related jobs to Warner Robins. Built in 1976, Stonehenge represents an outstanding opportunity to invest in a value-add ready asset in a submarket with superb growth indicators and market fundamentals, as Middle Georgia maintains its place as a leading Georgia growth market.
...
Sold
Stonehenge
71 Units
613 Greenbriar Road
Warner Robins, GA  31093
Closed: 9/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 3.27-acre Germantown Land development site located in Nashville, Davidson County, Tennessee. This site is situated in the rapidly-expanding and desirable Germantown neighborhood of Nashville. Located 1 mile from Downtown, with excellent visibility and easy access to I-65, the site offers an outstanding opportunity for new multifamily construction. Additionally, the owner is open to a JV structure.
...
Sold
Germantown Land
371 Units
1703 Rosa L Parks Blvd
Nashville, TN  37208
Closed: 9/9/2019
Cushman & Wakefield is pleased to present for sale the FreightYard Townhomes & Flats, located in the historic North Loop Neighborhood of Minneapolis. FreightYard offers 96 units with a brick and timber design and walkable access to the light rail, five Fortune 500 headquarters, nightlife, sports venues, and an impressive array of award-winning restaurants.

The North Loop is the metro’s highest profile urban neighborhood and its multifamily properties consistently perform at 98% occupancy or better. FreightYard presents investors the rare opportunity to acquire an irreplaceable North Loop asset with historic charm and luxury amenities.

FreightYard Townhomes and Flats features 40 townhouse style units and 56 flats. All units offer stacked washers/dryers, individual HVAC, exposed brick/timber, and high ceilings. The property is offered free and clear of existing financing and tours begin the week of June 4th. Please contact Lance Steiger directly to set up a tour, which will be scheduled by appointment only.
...
Sold
FreightYard Townhomes & Flats
96 Units
50 North 4th Avenue
Minneapolis, MN  55401
Closed: 9/6/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 62-unit two-property Carrollton Portfolio located in Carrollton, Carroll County, Georgia. Residents of Carrollton are attracted to the city’s high quality of life, abundance of recreation, and convenient access to Atlanta’s westside job hubs within 40 minutes. Notably, these properties are within the Carrollton City School district, which was just ranked the #8 “Best School District in Georgia” by Niche.com for 2019. Situated in the desirable southside area of Carrollton, these properties are highly accessible to the market’s major employers and premier retail. Built in 1974 and 1980 and located less than a quarter mile apart, Governor’s Court and Maple Ridge together represent an outstanding opportunity to invest in a value-add ready, synergistic portfolio in a flourishing suburban Atlanta community.
...
Sold
Carrollton Portfolio (2 properties, 62 units)
Governor's Court
40 Units
201 Hays Mill Road
Carrollton, GA  30117
Type:  Multifamily
Closed: 9/6/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 62-unit two-property Carrollton Portfolio located in Carrollton, Carroll County, Georgia. Residents of Carrollton are attracted to the city’s high quality of life, abundance of recreation, and convenient access to Atlanta’s westside job hubs within 40 minutes. Notably, these properties are within the Carrollton City School district, which was just ranked the #8 “Best School District in Georgia” by Niche.com for 2019. Situated in the desirable southside area of Carrollton, these properties are highly accessible to the market’s major employers and premier retail. Built in 1974 and 1980 and located less than a quarter mile apart, Governor’s Court and Maple Ridge together represent an outstanding opportunity to invest in a value-add ready, synergistic portfolio in a flourishing suburban Atlanta community.
...
Sold
Carrollton Portfolio (2 properties, 62 units)
Maple Ridge
22 Units
1101 Maple Street
Carrollton, GA  30117
Closed: 9/6/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present ORA Flagler Village - a luxury midrise apartment community with 292 units in Fort Lauderdale, Florida. Situated in Flagler Village, this rapidly expanding location offers a unique blend of walkability to trending retail and access to the most active office market in the county. The apartment homes were carefully crafted to feature two different finish packages and 10’ & 11’ ceilings throughout, resulting in new levels of luxury.

...
Sold
ORA Flagler Village
292 Units
673 NE 3rd Avenue
Fort Lauderdale, FL  33304
Closed: 9/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of Ashley at Breakfast Point, 360 units located in the heart of Panama City Beach, Florida. Situated along Highway 98 with excellent visibility, the community is within minutes of the beach, ranked #3 on TripAdvisor’s Top Beaches in the country, and 1.2 million SF of upscale retail, golf courses, and community attractions. Delivered in 2007, Ashley at Breakfast Point offers residents a "beach-style" living experience with close proximity all of Panama City Beach’s lifestyle amenities. With excellent in-place organic rent growth and further room to boost returns through value add, Ashley at Breakfast Point can provide profitable upward momentum and cash flow for the next investor.
...
Sold
Ashley at Breakfast Point
360 Units
9700 Panama City Beach Pkwy
Panama City Beach, FL  32407
Type:  Multifamily
Closed: 8/30/2019

City View Apartments is a 221-unit apartment mid-rise, located in an Opportunity Zone in downtown Omaha. City View offers an investor a rare opportunity to own an asset in the highly desirable downtown submarket of Omaha, an area that is seeing a significant amount of redevelopment and new construction projects. This location offers proximity to a dynamic variety of employers including four Fortune 500 companies, universities such as Creighton University and the Nebraska Medical Center, and fantastic restaurant and entertainment amenities located in the downtown and midtown areas of Omaha.

...
Sold
City View
221 Units
604 S. 22nd Street
Omaha, NE  68102
Type:  Multifamily
Closed: 8/30/2019
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Hidden Creek Apartment Homes, a 300 unit luxury apartment community in one of Maryland’s most sought after locales. The Property, built in 2012, combines high quality unit finishes with best in class amenities which are unrivaled in suburban apartment communities. The Property’s position along the I-270 technology corridor with immediate access to some of the region’s largest employers provides consistent tenant demand from high-earning renters by choice. Hidden Creek is being offered subject to an in-place loan with below market interest rate and accretive LTV. Hidden Creek’s exceptional location within Montgomery County, Maryland and top of the market unit features and amenities make it a rare opportunity to acquire a high-quality asset with attractive in-place cash flow in the expanding Washington metro regional economy.
...
Sold
Hidden Creek
300 Units
430 Allied Place Suite 1110
Gaithersburg, MD  20877
Closed: 8/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 438-unit Chattanooga Value-Add Portfolio located in Chattanooga, Hamilton County, Tennessee. These assets are situated in desirable east Chattanooga and benefit from unparalleled access to Chattanooga’s best retail corridor. Built between 1974-1994, the Chattanooga Value-Add Portfolio offers an outstanding opportunity to immediately establish a strong investment platform in one of Chattanooga’s fastest growing neighborhoods.
...
Sold
Chattanooga Value-Add Portfolio (2 properties, 438 units)
Evergreen at Hickory Valley
200 Units
1507 Hickory Valley Road
Chattanooga, TN  37421
Closed: 8/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 184-unit Live Oaks apartment community located in Baton Rouge, Louisiana. Situated within one of Baton Rouge’s most affluent communities, Live Oaks' immediate area boasts average household income of nearly $100K. The strong demographic and economic support paired with modern, renovated units have propelled the financial performance over the last several years exhibited by annual NOI growing approximately 6.5% year-over-year since 2016. With this cash flowing asset’s performance on the rise, Live Oaks is primed for a continuation of the in-place renovation program to help increase its already strong market position within the Baton Rouge community.
...
Sold
Live Oaks
184 Units
12901 Jefferson Highway
Baton Rouge, LA  70816
Type:  Multifamily
Closed: 8/29/2019

Brentwood consists of six buildings totaling of 120 units. The community is currently being marketed to residents 55 years and older but is not deed restricted to maintain that strategy. There are three styles of buildings on the property. There is an elevator in one building (four story building), there is a single story buildings for less mobile residents and four two story buildings. Each building has secured / intercom entryways or individual access. The property is situated on 4.67 acres and offers a tranquil setting surrounded by mature trees. The current owner is a not-for-profit that specializes in new construction and subsidized senior housing. When they purchased Brentwood, as an older, existing property, it was outside their expertise.

Brentwood is ideally located on the northeast side of Fort Wayne near the intersection of Coliseum Blvd and State Blvd with visibility from Coliseum Blvd. This location offers excellent access to public transportation, restaurants and medical facilities. There is added shopping just south of the property and within ten minutes of Glenbrook Square, Fort Wayne’s largest retail center and a regional shopping node in northeast Indiana.

Brentwood is offered at ±$36,000 per unit / $4,300,000

Brentwood’s first building was constructed in 1967 with the last phase built in 1988. Some units have undergone renovations with new fixtures, appliances, flooring and bathrooms. Each building has laundry facilities while some floorplans offer washer dryer hookups. There are opportunities to enhance revenue to add value. Some of those opportunities include completing unit upgrades, enhancing the property’s curb appeal through additional landscaping and upgrading the leasing office.

...
Sold
Brentwood Seniors
120 Units
2510 Farnsworth Drive
Fort Wayne, IN  46805
Closed: 8/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky are pleased to present the exclusive listing of the 265-unit Phoenix Place apartment community located in Louisville, KY. Phoenix Hill is centrally located next to trendy neighborhoods (NuLu, Highlands, and Downtown Louisville) and embedded in Louisville's Medical District, which features over 25K jobs. Following in the wake of the economic explosion occurring in Louisville intown neighborhoods, the subject is located within the path of progress fueling the Phoenix Hill revitalization. Phoenix Place presents an opportunity to acquire a true repositioning opportunity in a submarket lacking high-quality, affordable multifamily options.
...
Sold
Phoenix Place
265 Units
802 E Madison Street A
Louisville, KY  40204
Closed: 8/28/2019

Prime Multi-Family development land along the Ohio River
2.77 Acres
Located at the foot of the "Purple People Bridge" connecting Cincinnati and Newport on the Levee.

Please contact Don or Jordan for the full OM

...
Sold
601 E Pete Rose Way
   
601 E Pete Rose Way
Cincinnati, OH  45202
Type:  Land
Closed: 8/27/2019

Harbour Pointe is a 336-unit apartment community located on Indianapolis’ popular northeast side.  The community was built in two phases in 1969 and 1970 and has been owned and well maintained by the current owner (a family company) since 1990.  Recent capital improvements performed by the seller include, repainting and carpeting of all hallways in 2016, $100,000 spent on landscaping in 2016, and paving and seal coating work in parking areas and drives.

Harbour Pointe’s amenities include a large swimming pool and multi-level sundeck, a full fitness center and a sand volleyball court.  Eighty-seven covered parking spaces are available for rental.  Just across the street from the property is the Fall Creek Greenway, a very popular 8 mile walking, jogging and biking trail which connects northeast Indianapolis and downtown.

Harbour Pointe has a history of very high occupancy (over 98% for the last five years) and often has a waiting list.  The property offers opportunities to an investor to increase revenue significantly through upgrades of unit interiors, the bill back of water, sewer and trash; converting two of the three models to rental units and enhancement of the current amenity package.

...
Sold
Harbour Pointe
336 Units
4400 E. Fall Creek Parkway North Drive
Indianapolis, IN  46205
Type:  Multifamily
Closed: 8/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Pavilion, an 88-unit apartment community located in Hanceville, Cullman County, AL. The city of Cullman has consistently been highly-ranked with regards to business expansion/retention, quality of life, and education. This asset features solid collections figures, excellent historical occupancy, and room to push rents and revenue via value add. Built in 1994, The Pavilion represents an outstanding opportunity to invest in a high-growth asset within a limited supply submarket.
...
Sold
The Pavilion
88 Units
401 College Drive NE
Hanceville, AL  35077
Closed: 8/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Vinings at Market Common, a 288-unit apartment community located in Myrtle Beach, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors, and a market leading amenity package, The Vinings at Market Common is truly the premier multifamily asset in Myrtle Beach. Located a stone’s throw from the Market Common retail district, the property offers an unmatched quality of life, in close proximity to Myrtle Beach’s most coveted retail and entertainment destinations. After a rapid concession-free lease-up to stabilization, new ownership has the opportunity to capitalize on a unique renovation program in South Carolina’s fastest growing county. The metro's job growth is expected to outpace new deliveries by 20:1 through 2021, uniquely positioning The Vinings at Market Common to capitalize on long-term favorable fundamentals.
...
Sold
The Vinings at Market Common*
288 Units
2501 Hammock Street
Myrtle Beach, SC  29577
Type:  Multifamily
Closed: 8/27/2019
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of LUXE on Chicago, a brand new, mixed-use development with 59 apartment homes and 13,979 sf of ground-floor retail. Completed in 2016, LUXE on Chicago is the first luxury rental building to be built in Ukrainian Village, a rapidly-transforming neighborhood in West Town, bordering the established and trendy Wicker Park. With unparalleled design, LUXE on Chicago offers an outstanding opportunity to acquire West Town’s premier luxury rental building in a sub-market with incredible demographic trends and significant barriers to entry for new construction.
...
Sold
LUXE on Chicago
59 Units
1838 W. Chicago Avenue
Chicago, IL  60622
Type:  Multifamily
Closed: 8/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 56-unit Ashton Pointe apartment community located in Monroe, Walton County, Georgia. This asset is situated in the rapidly growing city of Monroe, located just 30 minutes east of Atlanta’s city center, directly accessible via Highway 78. Walton County is not only fundamentally strong in terms of apartment market indicators, but job growth is expected to surge with recent announcements, including a major pharmaceutical merger that will eventually add 500 jobs. Built in 1999, Ashton Pointe will soon be free from all LIHTC restrictions as it completely phases out by October 2019, allowing a new investor to initiate a full value-add strategy.
...
Sold
Ashton Pointe
56 Units
429 Plaza Drive
Monroe, GA  30655
Closed: 8/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, Florida. This asset is situated along US-98, a high-traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Pensacola is benefiting from the upcoming Navy Federal Credit Union corporate campus expansion (5,000 jobs, $1.2B new investment). Built in 1997 and showing powerful leasing trends, Crystal Lake offers an outstanding opportunity to invest in an asset boasting proven value add potential within a constrained multifamily market.
...
Sold
Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Closed: 8/23/2019

Multifamily development site consisting of 1.527 acres 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. The property’s location is less than a half-mile away from the I-10 freeway and a short walk to the light rail station at Roosevelt Street and Central Avenue.

...
Sold
3rd & Portland NEC
1.53 Acres
3rd Street & Portland Street
Phoenix, AZ  85004
Type:  Land
Closed: 8/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit Retreat at Stonecrest apartment community located in Lithonia, DeKalb County, GA. This top-of-the-market asset is situated in east metropolitan Atlanta and is convenient to large employers, including the Snapfinger Industrial District and a planned $200M sports complex. Effective rents for the immediate submarket have grown by more than 42% since 2010, and given a five-mile radius of Retreat at Stonecrest, zero units have been delivered in the past 10 years. These incredible supply demand dynamics will translate to compelling growth that can be enhanced by elevating the property's interior finishes to meet market demand. Retreat at Stonecrest is an excellent opportunity to acquire a true value-add investment, where in-place rents lag the comps by more than $180, well below replacement cost.
...
Sold
Retreat at Stonecrest
276 Units
40 Amanda Drive
Lithonia, GA  30058
Type:  Multifamily
Closed: 8/21/2019