The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 1970-built Margate on Cone apartments located in Greensboro, NC. The property offers an outstanding opportunity to invest in a solid performing asset within the economic powerhouse of the Piedmont Triad MSA. The immediate area surrounding Margate on Cone is experiencing a significant amount of spill-over from the city’s most affluent districts, creating a path of growth and development that will help facilitate value enhancement at the property. With all but thirty-four (34) units on the property remaining untouched and rents currently trailing the submarket average by more than $100, new ownership will have the opportunity to capitalize on a two-prong, market supported value-add program through implementing an interior upgrade initiative and implementing utility reimbursements.
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Margate on Cone
233 Units
900 East Cone Boulevard
Greensboro, NC  27405
Type: Conventional
Closed: 11/10/2020

Mariners Village is a 244-unit apartment community located on Indianapolis’ suburban west side just outside of Indianapolis’ interstate loop. The property sits on a tranquil 60-acre springfed lake which offers scenic views from the property’s pool, deck, and from a number of units. Built in 1978, the community consists of fourteen residential buildings and a clubhouse, situated on almost 16 acres.

Mariners Village offers a variety of unit types, including 40 studio units in two floor plans (20 with popular lofts); 102 one-bedroom units (34 with lofts), and 102 two-bedroom units (34 with lofts). Unit features vary by type but include generous floor plans, private patios or balconies, kitchen pantries and large closets.

Community amenities include the clubhouse with community room, fitness center and saunas; the swimming pool with a large deck overlooking the lake, a jogging/walking path, dog park, picnic areas, laundry facilities on the first and second floor of every hall, and available covered parking.

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Mariners Village
244 Units
7135 Islander Drive
Indianapolis, IN  46214
Type: Conventional
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit The Carolina & Britain Village apartment communities located in Lawrenceville, Gwinnett County, Georgia. These assets are less than 8 miles from each other and are desirably positioned off I-85/GA-316, along the thriving I-85 northeast Atlanta corridor. Since acquisition, current ownership has invested $440K in capital improvements. Built in 1970 and 1986, The Carolina & Britain Village represent a clear-cut opportunity to invest in heavily demanded assets primed for a value-add campaign, creating significant room for revenue growth for the next investor.
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The Carolina & Britain Village (2 properties, 150 units)
The Carolina
82 Units
215 Paper Mill Road
Lawrenceville, GA  30046
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 58-unit Madison Village apartment community located in northwest suburban Atlanta, in Smyrna, Georgia. This is a well-located asset on Atlanta Rd. right across from Dobbins Air Reserve Base, and sandwiched between S.Cobb Dr. and Cobb Pkwy - two prominent Cobb County corridors. Built in 1969, the timing is right to begin an updated round of upgrades at Madison Village to further boost performance in an affluent submarket with consistently high demand.
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Madison Village
58 Units
1870 Atlanta Road
Smyrna, GA  30080
Closed: 11/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Reserve at Cavalier, a 152-unit apartment community located in Greenville, SC. The Reserve at Cavalier is situated just southeast of rapidly expanding downtown Greenville and located within minutes of some of the county’s largest employers. Built in 1978, The Reserve at Cavalier poses an incredible value-add opportunity, coupled with strong submarket fundamentals and demographics to further enhance and capitalize on its positive operational momentum.
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The Reserve at Cavalier
152 Units
105 Cavalier Drive
Greenville, SC  29607
Closed: 11/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listings of Shannon Chase and Hidden Lake, two apartment communities in Union City, Fulton County, Georgia. Located less than 3 miles from each other, and strategically situated between 5-7 miles southwest of Hartsfield-Jackson International Airport, these assets benefit from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in the mid-1980s, Shannon Chase and Hidden Lake arrive with massive value-add potential.
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Shannon Chase & Hidden Lake (2 properties, 476 units)
Hidden Lake
320 Units
4050 Morgan Road
Union City, GA  30291
Type: Conventional
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Madison Woods
180 Units
5505-A Tomahawk Drive
Greensboro, NC  27410
Type: Conventional
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Terrace at Olde Battleground
156 Units
3800 Cotswold Avenue
Greensboro, NC  27410
Type: Conventional
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
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Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Terrace Oaks
120 Units
3803 Cotswold Avenue
Greensboro, NC  27410
Type: Conventional
Closed: 11/2/2020

Cushman & Wakefield, as exclusive marketing advisor is pleased to present The Palms, a garden-style apartment community consisting of 340 units located in Davie, Florida. Completed in 1998 and set within a low density setting of 9 units per acre, the property features a mix of one, two and three-bedrooms with an average unit size of 987 square feet. The Palms’ Central Broward location, with direct access and exposure to I-595 (144,000 cars daily) allows it to benefit from the recently completed commuter infrastructure project with access to Plantation’s Midtown Business District, Sawgrass Corporate Park, Fort Lauderdale CBD, South Florida Education Center, Fort Lauderdale International Airport, and Port Everglades. Residents also benefit from access to A-rated public schools. The Palms has undergone renovations to 75% of its units and has been achieving premiums of $175. A future investor will be able to continue these renovations, as well as, further enhance the in-unit finish levels and generate additional income potential exceeding $445,000 per year.

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The Palms
340 Units
11000 Cameron Court
Davie, FL  33324
Type: Conventional
Closed: 11/2/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Den on Varsity, a recently renovated, 53-unit asset located in Raleigh, North Carolina. On the west side of Raleigh, Den on Varsity is adjacent to North Carolina State University, located within one of the strongest performing MSAs in the country over the past several years. Built in 1972, the property has recently stabilized following a significant repositioning through a capital infusion of $1.29M, or $24k/unit. Den on Varsity offers an outstanding opportunity to invest in a turn key asset primed to capitalize on future rent growth in one of the most recession resistant markets in the United States.
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Den on Varsity
53 Units
1527 Crest Road
Raleigh, NC  27606
Type: Conventional
Closed: 10/30/2020
Cushman & Wakefield is pleased to present this well located, value-add opportunity in Shawnee, Kansas.
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Meadow Park
60 Units
10302 West 62nd Street
Shawnee, KS  66203
Type: Conventional
Closed: 10/30/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of The View of Fort Worth, a 300-unit, Class-A apartment community in rapidly growing Fort Worth, Texas. Completed in 2020, this distinctive river-front asset boasts upscale amenities, market leading finishes, and unrivaled views of downtown. The location offers superb connectivity to all major job centers, retail, entertainment, and all of the amazing amenities that Fort Worth has to offer.
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The View of Fort Worth
300 Units
1852 E. Northside Drive
Fort Worth, TX  76106
Type: Conventional
Closed: 10/30/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Novo Avondale apartment community, recently ranked among the top 250 properties in the nation by Apartment Ratings and Satisfacts. Situated in the rapidly expanding Uptown Decatur area of northeast Atlanta, this 374-unit asset is across the street from the Kensington MARTA Station, less than a mile from downtown Avondale Estates, and near Memorial Drive. Current ownership invested $15.5M in this 1972-vintage property for a modernization metamorphosis, during which the property was completely depopulated, then transformed with fully renovated exteriors, upscale interior renovations, and on-trend amenities. Now finishing lease-up, Novo Avondale offers a rare opportunity to invest in one of Atlanta's most sought-after neighborhoods, benefit from a 15-year tax abatement, and compete as a Class A value provider.
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Novo Avondale
374 Units
3330 Mountain Drive
Decatur, GA  30032
Type: Conventional
Closed: 10/27/2020

Cushman & Wakefield is pleased to present The Lumin Boca Raton, (the “Property”), a 180-unit, Class AA garden-style apartment community located in Boca Raton, Palm Beach County’s most dynamic business hub.

The Lumin Boca Raton was constructed in 2018 and features unparalleled apartment finishes and resort-quality community amenities, all of which result in a standard-setting asset that assures long-term demand and rental growth.

Locationally, The Lumin Boca Raton sits in the Park at Broken Sound, a 700-acre commercial, residential, and hospitality hub which has connections to all residential demand drivers such as top-tier employers, affluent demographics, top-ranked schools, and an unparalleled array of shopping, dining, and recreational lifestyle elements.

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The Lumin and Cade Boca Raton
270 Units
5500 Broken Sound Boulevard NW
Boca Raton, FL  33487
Type: Conventional
Closed: 10/26/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Reserve at Bradbury Place apartment community located in historic Goldsboro, NC. Thriving in a low-risk, stable economy, the asset offers a modern living experience in the heart of Eastern North Carolina with easy access to top employers and destinations. New ownership has the opportunity to capitalize on Goldsboro’s strong market where apartment rents have been rising at a 5.6% annual rate during the third quarter of 2020, and have posted an average annual gain of 3.7% over the past three years. With just 92 new deliveries since 2010 and zero deliveries projected through 2024, the lack of a development pipeline will continue to drive rent growth in this unique market supported by a young renter demographic.
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Reserve at Bradbury Place
288 Units
560 West New Hope Road
Goldsboro, NC  27534
Type: Conventional
Closed: 10/22/2020
Sold
Village at Westland Cove
240 Units
9635 Westland Cove Way
Knoxville, TN  37922
Closed: 10/22/2020
Sold
AL 218 Portfolio (4 properties, 218 units)
Arlington Park
50 Units
135 Royal Drive
Madison, AL  35758
Closed: 10/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 353-unit Peppertree apartment community located in North Charleston, South Carolina. The asset is situated off Dorchester Road in close proximity to the top employment drivers in North Charleston where large investments have continually been made to expand and strengthen the Charleston job market. Built in 1983/1989, Peppertree offers an outstanding opportunity to see a 25% Return on Investment by completing the in-place value-add program, with 83% of units left to renovate generating proven premiums of $160. Peppertree also offers potential investors attractive assumable in-place agency financing with a low interest rate.
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Peppertree
353 Units
4640 Forest Hills Drive
North Charleston, SC  29418
Type: Conventional
Closed: 10/20/2020
Sold
AL 218 Portfolio (4 properties, 218 units)
Plantation Garden
28 Units
1317 Sparknan Street NW
Hartselle, AL  35640
Closed: 10/20/2020
Sold
AL 218 Portfolio (4 properties, 218 units)
River Valley
56 Units
217 Cedar Lake Road SW
Decatur, AL  35603
Type: Affordable Housing
Closed: 10/20/2020
Sold
AL 218 Portfolio (4 properties, 218 units)
Windscape
84 Units
2220 Windscape Drive
Athens, AL  35611
Closed: 10/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 330-unit Indigo Park apartment community located in Baton Rouge, East Baton Rouge Parish, Louisiana. This institutional-quality asset boasts condo-quality amenities and over-sized floorplans, in addition to being located within one of Baton Rouge’s most affluent communities. The subject’s position relative to Bluebonnet Boulevard offers residents ease-of-access to numerous retail and employment hubs, L’Auberge Casino & Hotel, and a 10-minute commute to Louisiana State University.
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Indigo Park
330 Units
11959 Nicholson Drive
Baton Rouge, LA  70810
Type: Conventional
Closed: 10/19/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit, Marquis Gardens apartment community located in Durham, NC. Built in 1972, this asset received a capital investment of over $2 Million including a clubhouse remodel and 7 roofs replaced in 2018. The surrounding market indicates that potential investors can capitalize on a 400-unit value add program, as current rental rates trail recently renovated competitor properties by $200. Marquis Gardens provides residents, a diverse workforce ranging from manufacturing to global tech industries, with the best value in Durham. The growing infrastructure of Durham, muted submarket supply, and ease of accessibility to retail and jobs, provide a very positive future for potential investors.
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Marquis Gardens
400 Units
901 Chalk Level Road
Durham, NC  27704
Type: Conventional
Closed: 10/19/2020