Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire IMT Florida Club – a 264-unit, value-add residential asset located in Boynton Beach, Florida. Situated on over 17.5 acres, IMT Florida Club offers a mix of one, two and three-bedroom units with a market leading average unit size of 1,143 square feet. Developed in 2001, the property has been impeccably maintained and is positioned for a future investor to modernize the interiors by implementing an in-unit renovation program. With an average occupancy rate of almost 96% over the last 12 months, there is an opportunity to push rents allowing a new owner to further enhance their returns on an asset with an already proven cash flow stream.

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IMT Florida Club
264 Units
7933 Venture Center Way
Boynton Beach, FL  33437
Closed: 5/24/2018
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Princeton Park
200 Units
4714 Crosswind Court
Melbourne, FL  32904
Closed: 5/22/2018
Kinsey Ridge is a 44-unit Class "B" apartment community located just northeast of downtown on Fort Valley Road in Flagstaff, Arizona. The residents of Kinsey Ridge are offered nine spacious one, two and three bedroom floorplans, some of which are townhomes and all of which have either garages or carports. Select units feature dishwashers, microwaves, gas stoves, and fireplaces, and all units are cable-ready. The property is close to Flagstaff Medical Center, shopping, dining, excellent schools, hiking/biking nature trails and the restaurants, bars and breweries located in the historic downtown area of Flagstaff.
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Kinsey Ridge
44 Units
1718 North Fort Valley Road
Flagstaff, AZ  86001
Type: Conventional
Closed: 5/21/2018
Cushman & Wakefield is pleased to offer University Villa at Ironwood, a 140-unit/484-bed, Class "A", purpose built student apartment community located in Tucson, Arizona, approximately 4 miles west of the University of Arizona, 1 mile north of Pima Community College west campus and 4 miles west of Pima Community College downtown campus. This location is within close proximity to major freeways, employment sources, shopping, dining, entertainment and recreational venues.

University Villa at Ironwood offers its residents four spacious floor plans, a resort-style pool and spa, clubhouse, 24-hr fitness center, 24-hr conference room, computer lab and study lounge, 24-hr theater room, basketball court, sand volleyball court, three 5-burner stainless steel barbecues and covered parking.

A major attraction to potential and existing residents of University Villa at Ironwood are the two private shuttles owned and operated by the property that provide free access to both University of Arizona and Pima Community College.

Unit interiors at University Villa at Ironwood include amenities such as washer/dryers, private patios or balconies, large walk-in closets in select units, 42" flat screen TV in living rooms and HD digital cable/internet ready.

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University Villa at Ironwood
140 Units | 484 Beds
2550 West Ironwood Hill Drive
Tucson, AZ  85745
Type: Student
Closed: 5/15/2018
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The Prescott on Thomas
382 Units
1645 East Thomas Road
Phoenix, AZ  85016
Type: Conventional
Closed: 5/14/2018

This is a unique opportunity to purchase a ±9.29 acre infill Tempe development site located at the southeast corner of Rio Salado Parkway and Price Road in Tempe, Arizona. The site is positioned between two outdoor destination shopping centers, Tempe Marketplace and Mesa Riverview, with immediate access to the Loop 101 and 202 freeways, Sky Harbor International Airport and the rest of the Valley.

Arizona State University (ASU) is approximately two miles from the site, and Downtown Tempe/Mill Avenue, with its many dining, shopping and entertainment options, is approximately three miles. Downtown Tempe is one of the strongest and most actively developing submarkets in the entire Phoenix Metro area.

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ASU Surplus Land
9.29 Acres
2325 E. Rio Salado Parkway
Tempe, AZ  85281
Type: Land
Closed: 5/11/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Fields Archdale Station, a 243-unit, 1969-built apartment community in Charlotte, NC. The property is conveniently located in a sought after South Charlotte neighborhood that is situated along the light-rail, offering tenant’s unparalleled connectivity. The Fields Archdale Station is a recent recipient of a $1.2 Million CapEx infusion that includes extensive exterior work and amenity renovations, allowing incoming investors to focus on the existing interior upgrade initiative. Current ownership has upgraded twenty-eight units for which they are achieving monthly rental premiums of up to $114. This coupled with the organic rent growth the submarket is currently experiencing gives incoming investors the unique opportunity to boost annual NOI by more than 25%
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The Fields Archdale Station
243 Units
6614 Wisteria Drive
Charlotte, NC  28210
Type: Conventional
Closed: 5/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the 431-unit 32Hundred Lenox apartments in Atlanta, Georgia, which is strategically situated in the high rent Buckhead submarket, next door to the Lenox MARTA rail station. Walkable to Lenox Square and surrounded by luxury residential neighborhoods, 32Hundred Lenox is an exceptional "mid-century" residential asset enhanced by lucrative rent growth driven by its transit location and upscale period-friendly renovation, which is more than 40% complete. Catalyzed by thousands of existing and new Buckhead jobs plus direct commuter access via MARTA, residential demand for this Lenox Road location has historically been and remains exceptionally high.
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32Hundred Lenox
431 Units
3200 Lenox Road
Atlanta, GA  30324
Type: Conventional
Closed: 5/3/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of High River, a 176-unit apartment community located in Tuscaloosa, Alabama. Tuscaloosa has produced outstanding growth over the past decade, benefiting from an economy backed by two pillars: University of Alabama ($1.8B impact) and the Mercedes-Benz plant ($1.3B expansion). High River is situated in the thriving Northport submarket, boasting the metro’s top suburbs, highest household incomes, and heavy multifamily supply restrictions. The next investor will be acquiring an asset with massive upside potential, having maintained 98% occupancy over the last 4 years and 4.2% organic rent growth. With renovations in 2007, the community is positioned for a 2nd generation of upgrades with 4 enhanced units already achieving $100 rent premiums.
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High River
176 Units
1900 Rice Mine Road
Tuscaloosa, AL  35406
Type: Conventional
Closed: 5/1/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 95-unit Ski Lodge apartment community located in Anniston, Alabama. This asset is strategically-located in between downtown Anniston and Interstate 20. Built from 1973 to 1980, Ski Lodge offers an outstanding opportunity to invest in a quality asset with impressive value add potential.
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Ski Lodge
95 Units
2320 Coleman Road
Anniston, AL  36207
Type: Conventional
Closed: 5/1/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the Ashford Pointe and Ashford Cove apartment communities located in Anderson, SC. The combined 316-units are conveniently situated in a highly trafficked area north of downtown Anderson, in close proximity to the region’s top employers and an abundance of walking distance retail. Given Anderson County’s lack of supply with no proposed deliveries until 2021, submarket fundamentals are expected to well outperform the greater MSA. Additionally, these two assets are being offered following a capital infusion of $3.5 million, giving incoming investors the opportunity to focus on enhancing value by an impressive 30% through completion of the already proven interior value-add initiative.
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Ashford Cove & Ashford Pointe (2 properties, 316 units)
Ashford Cove
136 Units
201 Miracle Mile Drive
Anderson, SC  29621
Type: Conventional
Closed: 4/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the Ashford Pointe and Ashford Cove apartment communities located in Anderson, SC. The combined 316-units are conveniently situated in a highly trafficked area north of downtown Anderson, in close proximity to the region’s top employers and an abundance of walking distance retail. Given Anderson County’s lack of supply with no proposed deliveries until 2021, submarket fundamentals are expected to well outperform the greater MSA. Additionally, these two assets are being offered following a capital infusion of $3.5 million, giving incoming investors the opportunity to focus on enhancing value by an impressive 30% through completion of the already proven interior value-add initiative.
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Ashford Cove & Ashford Pointe (2 properties, 316 units)
Ashford Pointe
180 Units
200 Country Club Lane
Anderson, SC  29652
Type: Conventional
Closed: 4/30/2018
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Lloyd Place
48 Units
1808 Lloyd Street
Bellevue, NE  68005
Closed: 4/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Enclave at Rivergate - a 216-unit, 2009-built core-plus opportunity immersed in the rapidly growing Charlotte, NC suburb of Steele Creek. The affluent ($86,638 avg. HHI) and rapidly growing area has swelled 24% since 2010 and is expected to grow an additional 22% through 2022 as incomes are expected to grow by 14% ($98,700). The well-constructed asset boasts the largest average unit size in the submarket (25% larger on average) and is ideally positioned for a multi-layered value-add program yielding a 23% increase in annual NOI. The property is ideally situated in a thriving submarket with the lowest concession level in the MSA, favorable supply/demand dynamics and a submarket-supported rent growth runway of $148 - $296.
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The Enclave at Rivergate
216 Units
12400 Toscana Way
Charlotte, NC  28273
Type: Conventional
Closed: 4/24/2018

Plantation at Walden Lake is a 352-unit, garden apartment community located in Plant City, Florida. The property was constructed in phases from 1990-1994, consisting of 23, two-story apartment buildings situated on 43+ acres. The Property offers a mix of well-appointed one-, two- and three-bedroom apartments along with a comprehensive array of recreational and community amenities.

Plantation at Walden Lake has had the benefit of attentive, professional management and the property is in excellent physical condition. During the past 3 years, the seller has invested $1.8 million in capital improvements, including community amenity enhancements and interior updates to 43 (12%) of the units. The significant number of un-renovated units positions Plantation at Walden Lake as an exciting value-add investment opportunity.

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Plantation at Walden Lake
352 Units
1400 Plantation Boulevard
Plant City, FL  33567
Closed: 4/19/2018

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.0 acre, high density multifamily development site in Phoenix's rapidly transforming Central Corridor. This rare site is located along the Valley Metro Ligh Rail, with a station within walking distance of the property.

Phoenix's urgan revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University's downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus.

The opportunity consists of eight parcels with a combined total of ±86,095 square feet of developable land on the northeast corner of Central Avenue and Columbus Avenue. This transit oriented development site is bound by three streets and provides for intense densities and height.

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Central & Columbus Dev Site
1.98 Acres
3617 North Central Avenue
Phoenix, AZ  85012
Type: Land
Closed: 4/12/2018
Property Tours:
  • Tuesday, September 12, 2017
  • Tuesday, September 19, 2017
  • Tuesday, September 26, 2017
  • Tuesday, October 3, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 230-unit Villas at West Ridge apartment community located in high-barriers west suburban Atlanta, Douglas County, Georgia. Douglas County is projected to grow by 70% during the next 20 years, a rate more than double that forecast for the Atlanta MSA. Built in 2003 by Davis Development, one of the Southeast’s premier apartment developers, Villas at West Ridge offers proximity to prolific employment centers and proven value-add potential.

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Villas at West Ridge
230 Units
7850 Lee Road
Lithia Springs, GA  30122
Type: Conventional
Closed: 4/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit Sunchase apartment community located in Dougherty County. This asset is strategically-located off Liberty Expressway in Albany, GA. Built in 1997 / 1998, residents of Sunchase enjoy close proximity to several major employers and destination retail. This well positioned asset is poised for significant rent growth through a value-add strategy.
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Sunchase
100 Units
1308 Hobson Street
Albany, GA  31705
Type: Conventional
Closed: 4/10/2018
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Paragon Apartment Homes
216 Units
 
Closed: 4/4/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 504-unit The Crossings at Carmichael apartment community located in Montgomery, AL. This asset is situated in the growing Midtown submarket, offering unmatched access to both Downtown and the booming East Montgomery. Built in 1974, The Crossings at Carmichael is perhaps the most well-located 70’s vintage asset in Montgomery. There is efficiency available given its high unit count and upside to further push rents and occupancy in 2017.
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The Crossings at Carmichael
504 Units
5600 Carmichael Road
Montgomery, AL  36117
Type: Conventional
Closed: 4/3/2018
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Palm Islands
402 Units
 
Closed: 3/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 574-unit, 1971-1986 built Reserve at Providence. The property offers a well-located value-add opportunity with economies-of-scale in a premier, high barriers-to-entry submarket with a dwindling supply of Class B properties. The property offers a proven value-add program ($150 - $294 premiums) with 83% of the units remaining (478 units) to be renovated. In addition, further upside remains as value-add competitors and newer competition are averaging rents from $232 to $418 higher than Reserve at Providence.
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Reserve at Providence
574 Units
5931 Providence Road
Charlotte, NC  28226
Type: Conventional
Closed: 3/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Myrtle Landing, a 144-unit townhome community in Wilmington, NC. Newly constructed in 2017, the asset is firmly cemented along the path of development in South Wilmington and offers the only low-density, condo-grade townhome community in the MSA. Myrtle Landing is primed to benefit from both pent-up organic rent surges and a market-supported rent runway, offering the unique opportunity to acquire a Class-A asset with substantial rent growth potential. In addition, the property offers investors a legitimate condo conversion exit strategy in a market with exploding population, striking demographics, and a high concentration of wealthy retirees.
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Myrtle Landing
144 Units
7220 Myrtle Grove Road
Wilmington, NC  28409
Type: Conventional
Closed: 3/23/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Wedgewood Townhomes, a 122-unit townhome community in North Charleston, SC. Built in 1984, the property boasts an attractive unit mix of spacious townhomes that are 204 SF larger than the competitive submarket average. The property is in the midst of a positive operational trend - trailing six-month and three-month EGI sit +1.42% and +3.82% above trailing twelve-month levels, respectively. New ownership has the opportunity to leverage this up-tick, and realize a potential 51% boost to annual NOI through completion of a market-supported upgrade package - to bring trailing rents to the submarket average. The asset is also well-positioned in a booming submarket - +31% rent growth since 2012 - as residents enjoy close proximity and seamless access to the area’s major economic drivers and retail corridors.
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Wedgewood Townhomes
122 Units
4791 Apartment Boulevard
North Charleston, SC  29418
Type: Conventional
Closed: 3/23/2018