Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in The Falls at Arden (the “Property”), a 272-unit apartment community located in Sacramento, California. Situated six miles east of Downtown Sacramento and two miles from California State University Sacramento, the Property provides residents convenient access to the region’s major employment centers. Upscale retail, dining, grocery and entertainment options are also in the immediate vicinity.

The Falls at Arden was built in 1986 and over $3.6 million worth of interior and exterior improvements have been completed since March 2016. The Property has a favorable mix of 72 studio units, 144 one-bedroom units, and 56 two-bedroom units. The clubhouse and fitness center have undergone a complete renovation while washers and dryers have been added to approximately 70% of the one and two bedroom units. These improvements have resulted in effective rent growth of 15.6% over the past 12 months.

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The Falls at Arden
272 Units
2345 Northrop Avenue
Sacramento, CA  95825
Type:  Multifamily
Closed: 2/1/2018
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Towne View
88 Units
5 Crosby Road
Mooresville, IN  46158
Type:  Multifamily
Closed: 2/1/2018
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Brentwood Court Apartments
197 Units
5307-5325 Marconi Avenue
Carmichael, CA  95608
Type:  Multifamily
Closed: 1/31/2018
Cushman & Wakefield is please to offer Mission Palms, a 125-unit, boutique style garden apartment community located in the highly desirable North Central area of Phoenix, Arizona. Mission Palms features a mix of one and two bedroom floor plans in an attractive park-like setting. Mission Palms' location on North 16th Street provides easy access to the major employment centers of the Camelback Corridor, Midtown and Downtown Phoenix as well as one of the Phoenix area's most dynamic restaurant scenes. Mission Palms also provides close proximity to shopping at Biltmore Fashion Park, the AZ-51 Freeway and the Phoenix Mountain Preserve.

Mission Palms offers five floor plans, a clubhouse, a WiFi-enabled coffee house, swimming pool and spa, barbecue areas, fitness center, laundry facility and gated access. Interior amenities include all-electric kitchens with dishwashers, vertical blinds and mini-blinds, pantries and walk-in closets in select units, ceiling fans, extra storage and private balconies/patios in select units.

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Mission Palms
125 Units
6131 N. 16th St.
Phoenix, AZ  85016
Closed: 1/31/2018
Heritage Apartments is a 153-unit student oriented community located at 1600 East Hillside Drive in Bloomington, Indiana. The property has an excellent location south of the Indiana University

Campus with easy access to both Walnut Street and College Mall Road, main north/south thoroughfares through the city. The all brick community was built between 1962 and 1965, and it contains a unit mix of 1 studio, 52 one bedroom units (in five floor plans), 94 two bedroom units (in six floor plans), and 6 three bedroom units.

The property amenities include a community pool and sundeck, bark park, a covered picnic/grilling area, three laundry rooms and a leasing/management office.

Apartment features include air conditioning, ceiling fans, fully equipped kitchens including dishwashers and disposals, large closets, some private balconies and some in-unit washer/dryers.

The location of Heritage offers easy access to Walnut Street, College Mall Road and the Bloomington Transit Bus Line; making it convenient for residents to get to the Indiana University Campus or any of the many restaurants, shopping and amenities Bloomington has to offer.

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Heritage - Bloomington
153 Units
1600 E. Hillside Drive
Bloomington, IN  47401
Closed: 1/26/2018

Sassafras Hill Apartments is a 92-unit student oriented community located at 200 E Miller Drive in Bloomington, Indiana. The property has an excellent location right on S Walnut Street, a main north/south thoroughfare through the city.

The all brick community was built in 1964, and it contains a unit mix of all two bedroom / one-and-a-half bath townhomes. The property amenities include a community pool and sundeck, a new bark park, a newly renovated fitness center and a leasing/management office.

Apartment features include washer/dryer sets; air conditioning; ceiling fans fully-equipped kitchens including dishwashers and disposals, two private entries, large closets, energy efficient windows and trash pickup provided.

The location of Sassafras Hill offers easy access to Walnut Street and the Bloomington Transit Bus Line; making it convenient for residents to get to the Indiana University Campus or any of the many restaurants, shopping and amenities Bloomington has to offer.

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Sassafrass Hill
92 Units
200 E. Miller Drive
Bloomington, IN  47401
Type:  Multifamily
Closed: 1/26/2018
Cushman & Wakefield/The Lund Company (“C&W/Lund”) is pleased to present the Grandridge Apartments, located in Northwest Omaha, Nebraska. The property contains 470 homes, 432 garden-style apartments and 38 townhomes. Grandridge offers an investor the opportunity to acquire 470 units in a well-maintained community with a value-add component in the desirable and stable Omaha market. Grandridge benefits from an outstanding location next to an Elementary school, walking distance to grocery and quick interstate access. Residents benefit from short commutes to both the Omaha CBD and the busy West Dodge Corridor.

Grandridge allows investors to capitalize on Omaha’s well-diversified and stable economy fortified by nine Fortune 1000 companies, a burgeoning innovation scene and a fiscally-sound government. The Property is also minutes from premier universities, health centers and new developments. Most notably, the $1.2 Billion, 500 Acre, Boys Town redevelopment, with a plan for 1.4 million square feet of office, 500,000 square feet of retailer, a 300-room hotel, 1,500 apartments, 140 town houses and 440 single-family houses.

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Grandridge
470 Units
5439 North 100th Plaza
Omaha, NE  68134
Type:  Multifamily
Closed: 1/25/2018
Property Tours:
  • Wednesday, October 18, 2017
  • Wednesday, October 25, 2017
  • Wednesday, November 1, 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 137-unit apartment community located in Athens, Clarke County, Georgia. This asset is situated in the strategically-located neighborhood of northwest Athens. Built in 1972, Westside Commons offers an outstanding opportunity to invest in an proven value-add opportunity.

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Westside Commons
137 Units
205 Westchester Drive
Athens, GA  30606
Closed: 1/23/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 350-unit Legacy Key apartment community, located in north Atlanta’s affluent city of Sandy Springs. Flanked between Roswell Road and Georgia-400, Legacy Key is situated within the Perimeter Center submarket: one of metro Atlanta’s largest employment bases and one of the Southeast’s largest Class A corporate office markets. With over $2M ($6K per unit) in capital improvements spent over the last two years, current ownership repositioned the property via exterior and amenity enhancements. Legacy Key offers a value-add continuation program within a high organic rent growth submarket, allowing new ownership to focus on maximizing value.
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Legacy Key
350 Units
8800 Dunwoody Place
Sandy Springs, GA  30350
Type:  Multifamily
Closed: 1/19/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 173-unit Cobblestone at Essen apartment community located in East Baton Rouge Parish, Baton Rouge, Louisiana. The Baton Rouge economy is strong with an unemployment rate and household income growth that outpace the state. The assets location adjacent to I-10 offers it excellent connectivity to the metros major employers as well as Louisiana State University. Additionally, the subject is proximate the Baton Rouge’s premier retail and entertainment districts. Cobblestone at Essen is a strongly performing asset positively trending gross potential rents and total collections in addition to a proven value-add program.
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Cobblestone at Essen
173 Units
5431 Essen Lane
Baton Rouge, LA  70809
Type:  Multifamily
Closed: 1/18/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 308-unit Manchester Place apartment community in Lithia Springs, GA. Manchester Place is located in one of the most desirable and rapidly expanding logistics/distribution markets in the Atlanta metro area: near the Fulton Industrial Boulevard Corridor, 15 miles east of the Central Business District, and 20 miles north of Atlanta’s Airport. The property is situated in the high barrier-to-entry Douglas County apartment submarket, characterized by limited new deliveries and strong organic rent growth. With such limitations on new multifamily, occupancy and rent have continued to climb, leading to a strong historical property performance. With demand for upgraded interiors in the submarket, Manchester Place is an excellent opportunity to acquire a true value-add investment well below replacement cost.
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Manchester Place
308 Units
1600 Blairs Bridge Road
Lithia Springs, GA  30122
Type:  Multifamily
Closed: 1/18/2018

Offers due by Friday, July 15, 2016

Property Tours:
  • Thursday, June 16, 2016
  • Thursday, June 23, 2016
  • Thursday, June 30, 2016
  • Thursday, July 7, 2016
  • Thursday, July 14, 2016

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

Cushman & Wakefield is excited to present the 180-unit Grande Pointe apartments on the affluent eastern shore of Mobile Bay, in Daphne, Baldwin County, Alabama. Strategically located in a destination retail district known for its high quality of life and higher household incomes, Grande Pointe is nine miles east of downtown Mobile via direct highway access. Average income within a three-mile radius of the subject is $83,792, which is significantly higher than the metro average of $45,100. Grande Pointe residents also enjoy proximity to Gulf Coast beaches and the top schools in the Mobile MSA.
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Grande Pointe
180 Units
133 Lake Front Drive
Daphne, AL  36526
Type:  Multifamily
Closed: 1/17/2018
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The Win - Broad Ripple
24 Units
6159 Winthrop Ave
Indianapolis, IN  46220
Closed: 1/17/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Plantation apartment community located in Mobile, Mobile County, Alabama. This asset is ideally situated in close proximity to Interstate 10, offering outstanding access to the Mobile Aeroplex and major business developments from Amazon and Walmart (1,500+ total jobs coming). Built in 1977, Plantation represents an outstanding opportunity to invest in a very stable property in a well demanded market.
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Plantation
120 Units
5725 Old Pascagoula Rd
Mobile, AL  36619
Closed: 1/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 370-unit The Reserve at Gwinnett apartment community located in Norcross, Gwinnett County, GA. This asset is situated in the high barrier-to-entry Gwinnett County apartment submarket, characterized by a highly regulated apartment market and stout community opposition to new developments. With metro leading net-migration and population growth, there is enormous demand for apartments in Gwinnett County. These factors, coupled with a strong organic rent growth and surrounding demographic profile, have led to better-than-market property performance. With demand for upgraded interiors evident at the subject property and in the submarket, The Reserve at Gwinnett is an excellent investment opportunity.
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The Reserve at Gwinnett
370 Units
1780 Graves Road
Norcross, GA  30092
Type:  Multifamily
Closed: 1/12/2018
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Fountain Parc
240 Units
4901 Whitton Place
Indianapolis, IN  46220
Closed: 1/11/2018
The Cushman & Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present WestWind Apartment Homes, a 288-unit value add apartment community in Roanoke, Virginia. The asset is situated in close proximity to Valley View Mall, the premier retail amenity in the Roanoke MSA, with easy access to additional lifestyle amenities and major roadways. Built in 1981 & 1985, WestWind Apartment Homes represents an outstanding value-add opportunity through the continuation of washer and dryer installation and through light interior upgrades with premiums being proven in the broader market. The Property’s exceptional location within the expanding Roanoke economy presents investors a rare opportunity to acquire a well-positioned community significant future growth opportunities.
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WestWind
288 Units
3069-E Ordway Dr. NW
Roanoke, VA  24017
Closed: 1/11/2018
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Steeplechase Apartments, a 240-unit value-add apartment community in Largo, MD. Built in 1987, Steeplechase offers proven value-add upside through in-unit renovations at the Property garnering significant premiums. The Property’s highly desirable location in dynamic Largo, MD affords residents access to some of the area’s largest employers, desirable retail amenities and enhanced access via Metro. Steeplechase’s exceptional location and significant renovation upside presents investors with the rare opportunity to acquire a well maintained, value-add apartment community with significant growth prospects in the expanding Washington metro economy.
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Steeplechase Apartments
240 Units
150 Steeplechase Way
Largo, MD  20772
Closed: 1/9/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 56-unit Harbor Crossing apartment community located in Bay Minette, Baldwin County, AL. This asset is situated in the desirable community of northeast Mobile, offering strong connectivity across the Gulf Coast. Built in 1998, Harbor Crossing represents an outstanding opportunity to invest in a recently repositioned asset, with an attractive physical plant and room to organically grow rents.
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Harbor Crossing
56 Units
603 S Dobson Ave
Bay Minette, AL  36507
Closed: 1/8/2018
The Cushman & Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present Lee’s Landing a 136-unit value-add apartment community located in Newport News, VA. Built in 1987, Lee’s Landing has proven value-add upside with light in-unit renovations generating additional rental premiums. Investors will have the ability to continue or enhance these existing renovations. The Property’s highly desirable location with immediate access to major employers in Williamsburg and Newport News adds to the Property’s appeal. Lee’s Landings exceptional location, renovation upside and recent capital invested presents investors with the rare opportunity to acquire a well maintained, value-add apartment community with significant future growth prospects within the expanding Hampton Roads market.
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Lee's Landing
136 Units
104 Republic Road
Newport News, VA  23603
Closed: 1/5/2018
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Tower on Ryan Park
141 Units
758 St. Michael Street
Mobile, AL  36602
Type:  Multifamily
Closed: 1/5/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Parkway Crossing, a 248-unit, 1974-built garden apartment community in East Asheville, NC. Located two miles from Interstate 240, Parkway Crossing is situated within close proximity to some of Asheville’s premier retail destinations, including the Asheville Mall, the largest mall in Western North Carolina. With effective rents trailing its competitors by $161 on average and only light upgrades completed on 28 of the units, the property is primed for a full-scale, market supported value-add program. Additional NOI growth can be achieved by implementation of a water submetering program.
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Parkway Crossing
248 Units
102 La Mancha Drive
Asheville, NC  28805
Type:  Multifamily
Closed: 1/4/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 351-unit 500 Northside apartment community located in Midtown Atlanta, Fulton County, Georgia. This asset, situated three miles north of downtown Atlanta, provides strategic access to Atlanta’s primary employment/retail hubs in Atlantic Station, Midtown, Downtown, and Buckhead. Built in 1968-1970, 500 Northside represents an outstanding opportunity to invest in one of Atlanta’s most desirable locations with incredible value-add upside.
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500 Northside
351 Units
500 Northside Circle
Atlanta, GA  30309
Type:  Multifamily
Closed: 12/28/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Chace Lake Villas apartment community located in Birmingham, Alabama. This asset offers an outstanding location for tenants within the Riverchase PUD, and the asset is within walking distance of 2.8 million square feet of retail and a five-minute drive to 10,000+ jobs. Built in 1996, Chace Lake Villas represents a clear-cut opportunity to invest in an asset with quality construction and an in-place value add campaign, creating significant room for revenue growth for the next investor.
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Chace Lake Villas
264 Units
98 Chace Lake Parkway
Birmingham, AL  35244
Type:  Multifamily
Closed: 12/28/2017