The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 448-unit Crest at Galleria apartment community located in Charlotte, North Carolina. This asset is situated in the highly desirable submarket of Matthews where a highly educated, affluent renter base has supported consistently strong rent growth over the past five years. A thinning development pipeline provides confidence these strong multifamily fundamentals will continue. An excellent location surrounded by retail and proximate to major highways provides residents access to Charlotte's largest employment hubs, including Uptown, in less than 20 minutes. Built in 2005, Crest at Galleria represents a unique opportunity to invest in an extremely well-located asset which offers modern construction as well as massive value-add upside that would generate a 28% increase over current NOI.
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The Crest at Galleria
48 Units
1815 Galleria Club Lane
Charlotte, NC  28270
Type: Conventional
Closed: 5/7/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Twenty25 Barrett, a 238-unit apartment community located in Kennesaw, Georgia. Twenty25 Barrett presents a rare and unique offering of an institutional, suburban multifamily asset in Cobb County. Kennesaw’s high barriers to entry and fantastic growth story create an incredibly secure and dynamic investment opportunity. The area also provides access to necessities, jobs, and lifestyle options. The property has gated access, a robust amenity package, an ideal unit count/mix, and efficiently engineered floorplans. Future upside potential coupled with extremely strong area and property demographics sets the stage for rent growth.
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Twenty25 Barrett
238 Units
2025 Barrett Lakes Blvd NW
Kennesaw, GA  30144
Type: Conventional
Closed: 5/7/2021

Broadstone Rio Salado is a 276-unit Class A apartment community located in Tempe, Arizona. Completed in 2020, Broadstone Rio Salado was developed by Alliance Residential, one of the nation’s leading multifamily developers. Tempe is widely regarded as the Phoenix area’s most dynamic submarket and Broadstone Rio Salado is well positioned to take advantage of its exceptional location at the intersection of the 101 and 202 freeways.

Tempe features some of the Phoenix areas most prominent employers such as State Farm, SRP, Microsoft, Amazon.com, LifeLock, DHL Express, JP Morgan Chase, Comtech Data and Carvana. Tempe is the top submarket for employment growth, with Class A office developments such as Hayden Ferry Lakeside, Rio 2100 and The Watermark, as well as future office developments, including 100 Mill, Novus and Union. Tempe is home to a major recreational source in Tempe Town Lake, and the nation’s largest university, Arizona State University.

Broadstone Rio Salado offers its residents eleven studio, one bedroom and two bedroom floor plans featuring top of the line interior finishes, extensive indoor and outdoor amenities, convenient surface parking and a high-end exterior design. Broadstone Rio Salado is a surface-parked community featuring elevator access to each floor.

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Broadstone Rio Salado
276 Units
2325 East Rio Salado Parkway
Tempe, AZ  85281
Closed: 5/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit Olde Town at Bailey Court apartment community located in Anderson, SC. This asset is situated in a highly trafficked area in close proximity to the areas top employers, including AnMed Health, Anderson University, Electrolux, Techtronics, Bosch and many more. Given Anderson County’s lack of supply with only 109 units proposed delivery through 2022, submarket fundamentals are expected to well outperform the great MSA in both effective rent growth and occupancy levels. Residents of Olde Town at Bailey Court enjoy seamless access to the premier retail in an area, defined by an exceptional demographic base including average HHI of over $63,000 within a 3-mile radius. Bolstered by steady operations, the property is poised to bridge the $400+ delta in effective rents to market competitors through completion of the already proven interior value-add initiative.
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Olde Town at Bailey Court
100 Units
106 Concord Avenue
Anderson, SC  29621
Type: Conventional
Closed: 5/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Lively at Market Common, a 299-unit timeless community offering its residents best-in-class living space and amenities located in Myrtle Beach. As the newest community in Market Common, The Lively at Market Common is situated in one of the most sought-after locations, with immediate access to the Atlantic Ocean and Myrtle Beach’s most upper echelon lifestyle district. The property offers new ownership the opportunity to purchase a core asset well below replacement cost in a market with dwindling supply compared to a population surge rivaling other coastal cities. Along with outsized population growth comes a job market that is expected to outpace new deliveries by 26:1 in 2021 and 2022, priming the Myrtle Beach market for 10% rent growth through 2024. Myrtle Beach is also a post-pandemic destination, seen as an alternative living option for residents of large US cities with dense infrastructures. With these phenomenal fundamentals and an attractive average move-in rate, the property is poised to capitalize on a lengthy Class-A rent runway $125+ above current rents.
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The Lively at Market Common
299 Units
1231 Hadley Circle
Myrtle Beach, SC  29577
Closed: 4/30/2021

Cactus Forty-2 is a 200 unit Class A apartment community located on Cactus Road, just west of Tatum Boulevard and nearly adjacent to Paradise Valley Mall in Phoenix, Arizona. This outstanding location provides immediate access to high-end entertainment, shopping, dining, large employment centers, excellent freeway access and unsurpassed drive-by exposure.

Completed in 2014, Cactus Forty-2 offers its residents contemporary urban architecture, a high level of finish in the unit interiors and excellent amenities including a resort-inspired pool and spa, outdoor kitchen, outdoor fireplace and social gathering space, fitness center with on-demand fitness classes, clubhouse with Wi-Fi internet access and unique “living wall” and a pet park.

Interior amenities include nine-foot ceilings, eight-foot entry doors, hardwood-inspired flooring, Shaker-style cabinet doors, granite countertops, stainless steel appliances, washer/dryers and under-mounted sinks, designer accent walls, marble bath vanities and dual-pane glass. Select units include large soaking tubs, subway-style tile shower surrounds and private balconies/patios.

Residents also enjoy gated access, covered parking, lush landscaping and views of the Phoenix Mountain Preserve.

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Cactus Forty-2
200 Units
4242 East Cactus Road
Phoenix, AZ  85032
Closed: 4/29/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the two-property, 72-unit value-add multifamily offering, Riverbreeze & Fairway Apartments, located in Daytona Beach, Florida.

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ESO Daytona Portfolio (2 properties, 72 units)
Fairway Apartments
24 Units
1350 Virginia Avenue
Daytona Beach, FL  32114
Type: Conventional
Closed: 4/29/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the two-property, 72-unit value-add multifamily offering, Riverbreeze & Fairway Apartments, located in Daytona Beach, Florida.

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ESO Daytona Portfolio (2 properties, 72 units)
Riverbreeze Apartments
48 Units
2140 South Palmetto Ave.
South Daytona, FL  32119
Closed: 4/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Point at Fairview – 192 units located in Prattville, AL, a highly desirable suburb of Montgomery. Prattville has proven-out excellent economic progress in recent years as a result of its 55% population growth since 2000. Constructed in two phases, this brick and vinyl asset offers residents immediate access to Prattville’s top-ranked public schools, major employers (Maxwell Air Force Base, Hyundai Manufacturing Corp, International Paper, and James Hardie’s new $220M plant) and to the city’s major retail corridor. Current ownership is achieving up to $85 premiums on upgraded units with room for further upgrades. The Point at Fairview offers the next investor a cash flowing asset with the opportunity to capture additional income through the expansion of in place value-add initiatives.
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The Point at Fairview
192 Units
669 Covered Bridge Parkway
Prattville, AL  36066
Type: Conventional
Closed: 4/29/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 638-unit value-add multifamily offering, Lakeshore Club Apartments & Townhomes, located in Tampa, Florida.

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Lakeshore Club Apartments & Townhomes
638 Units
6900 Concord Drive
Tampa, FL  33614
Closed: 4/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Brighton
232 Units
2634 East Lake Boulevard
Robinsonville, MS  38664
Type: Conventional
Closed: 4/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 188-unit Stone Ridge apartment community located in Columbia, SC. This asset is situated in the capital city of South Carolina boasting strong submarket fundamentals including 9% projected rent growth and 13% average household income growth through 2025. Built in 1974, Stone Ridge offers an outstanding opportunity to invest in a property that comes to market with a proven value-add plan set in-place by current ownership leaving 179-Units (95%) to be renovated and command premiums of $140.
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Stone Ridge
188 Units
1000 Watermark Place
Columbia, SC  29210
Type: Conventional
Closed: 4/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 350-unit Sandtown Vista apartment community located in Metro Atlanta’s Southern Crescent region. This high quality asset is situated in the thriving South Fulton submarket with top multifamily rent growth and limited new supply. Located just south of I-20, Sandtown Vista benefits from direct access to the Fulton Industrial Corridor. The logistics-driven area has continued to see explosive growth through new developments and job opportunities. Built in 2009 with institutional quality construction and upscale amenities, Sandtown Vista represents an outstanding opportunity to invest in a value-add opportunity located in one of the top U.S. submarkets for rent growth with limited new supply.
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Sandtown Vista
350 Units
1475 Sand Bay Drive
Atlanta, GA  30331
Type: Conventional
Closed: 4/26/2021

Barton Farms is a 262 unit apartment community located in Indianapolis’s popular southside suburb, Greenwood. It is offered free and clear and can be purchased individually or as part of a 500+ unit, 2 property portfolio to include Bexley Village - 276 units.

The community was built in two phases: the duplexes in 1998 followed by the garden style in 2002 and has been well maintained by the original owner. All roofs were replaced in 2012. The community offers an attractive mix of flats and popular cottage style/duplex units. All duplex units, which represent 30% of the property, are single story with attached garages and provide a single-family home lifestyle to residents. A full-size washer and dryer are provided in all units.

While Barton Farms is well maintained, a new owner can upgrade unit interiors and elevate the amenities to increase revenue. In addition to rent premiums available by completing additional unit renovations, organic revenue increase is also expected as the current rents trail market by an average of $116+.

Greenwood was voted one of the best places to live in Indiana. The top four employers in Greenwood are FedEx, Amazon Distribution Center, and two large healthcare networks, Franciscan and Community Health, all of which are close to Barton Farms.

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Barton Farms
262 Units
1630 Saddle Way
Greenwood, IN  46143
Type: Conventional
Closed: 4/23/2021

Bexley Village is a 276 unit apartment community located in Indianapolis’s popular southside suburb, Greenwood on the corner of Smith Valley Road and Emerson Avenue. It is offered free and clear and can be purchased individually or as part of a 500+ unit, 2 property portfolio to include Barton Farms - 262 units.

The community was built between 1997-1998 and has been well maintained by the original owner. All roofs were replaced in 2019. The community offers an attractive mix of 1 & 2 bedroom units. A full-size washer and dryer is provided in all units.

While Bexley Village is well maintained, a new owner can upgrade unit interiors and elevate the amenities to increase revenue. In addition to rent premiums available by completing additional unit renovations, organic revenue increase is also expected as the current rents trail market by an average of $143+.

Greenwood was voted one of the best places to live in Indiana. The top four employers in Greenwood are FedEx, Amazon Distribution Center, and two large healthcare networks, Franciscan and Community Health, all of which are close to Bexley Village.

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Bexley Village
276 Units
700 Bexley Place
Greenwood, IN  46143
Type: Conventional
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 856-unit Gwinnett Value-Add Duo multifamily portfolio located in Northeast suburban Atlanta, Gwinnett County, the second largest county in Georgia. With a population expected to reach 1.4 million by 2040, Gwinnett’s I-85 ‘Golden Corridor’ offers quick access to numerous large employers as well as a gateway to all Atlanta’s major thoroughfares. Built in 1986 and 1988, Carrington Chase and Carrington Court arrive to market in a top submarket, with stellar performance trends, immediate space to push rental rates, and significant value-add upside.
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Gwinnett Value-Add Duo (2 properties, 856 units)
Carrington Chase
410 Units
6280 S. Norcross Tucker Road
Tucker, GA  30084
Type: Conventional
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 856-unit Gwinnett Value-Add Duo multifamily portfolio located in Northeast suburban Atlanta, Gwinnett County, the second largest county in Georgia. With a population expected to reach 1.4 million by 2040, Gwinnett’s I-85 ‘Golden Corridor’ offers quick access to numerous large employers as well as a gateway to all Atlanta’s major thoroughfares. Built in 1986 and 1988, Carrington Chase and Carrington Court arrive to market in a top submarket, with stellar performance trends, immediate space to push rental rates, and significant value-add upside.
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Gwinnett Value-Add Duo (2 properties, 856 units)
Carrington Court
446 Units
3800 Club Drive
Duluth, GA  30096
Type: Conventional
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Mallard Pointe apartment community located in Columbia, SC. Mallard Pointe is ideally situated in the affluent area of Southeast Columbia characterized by its impressive demographics, rising home values and a dwindling multifamily pipeline. Built in 1974, Mallard Pointe arrives to market with a blank slate for incoming investors to capitalize on a market backed value-add initiative by renovating all 120 units to enhance the asset’s position in the market and command premiums of $125-$150.
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Mallard Pointe
120 Units
1101 Hallbrook Drive
Columbia, SC  29209
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit Mountain Ranch apartment community located in Fayetteville, AR, home to the University of Arkansas and its 32,000+ combined jobs and students. This asset is situated in the booming NW Arkansas MSA, world headquarters to Walmart, and four other Fortune 500 companies. Built in 2009, Mountain Ranch offers an outstanding opportunity to invest in a value add asset in a rapidly growing market.
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Mountain Ranch
360 Units
549 N Coral Canyon Loop
Fayetteville, AR  72704
Closed: 4/23/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 152-unit value-add multifamily offering, Pickwick Apartments, located in Jacksonville, Florida.

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Pickwick Apartments
152 Units
3580 Pall Mall Drive
Jacksonville, FL  32257
Type: Conventional
Closed: 4/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Serenity at Huntsville - 231 units located in the rapidly expanding city of Huntsville, AL. Huntsville has experienced 6% annualized apartment rent growth in Q2 2020 following 6.2% in 2018 and 7.9% in 2019. The asset is ideally situated in the South Huntsville corridor, an area of picturesque mountain views, top quality retail, and easy access to Downtown’s job drivers just minutes away. Constructed in 1963/74 with quality materials, the property is primed for a major repositioning as it trails its competitive set by $250+. Serenity at Huntsville offers the next investor a quality, well-located asset with significant value add upside.
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Serenity at Huntsville
231 Units
2022 Golf Road
Huntsville, AL  35802
Type: Conventional
Closed: 4/19/2021
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Timber Ridge
320 Units
6700 Wall Street
Mobile, AL  36695
Type: Conventional
Closed: 4/14/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present 1200 Marseille, a value-add multifamily opportunity on Miami Beach. The property consists of two buildings. The unit mix is excellent for the location consisting of four 1BR/1BA units and eight 2BR/2BA units with an average unit size of 973 square feet.

The immediate area surrounding the property is poised for significant investment and improvement. The Miami Beach Commission unanimously approved a master plan for the city’s North Beach neighborhood, which stretches from 63rd to 87th Street. The master plan will include a North Beach Town Center and is likely to revitalize the area with hundreds of millions of dollars of new developments and neighborhood improvements.

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1200 Marseille
12 Units
1200 Marseille
Miami Beach, FL  33141
Closed: 4/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Bellingham
152 Units
5001 Galaxy Way NW
Huntsville, AL  35816
Type: Conventional
Closed: 4/6/2021