The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Tremont - a 224-unit apartment community in the thriving Columbia, SC MSA. Built in 2016 and boasting top-of-market features and amenities, The Tremont is Urban Columbia’s premier upscale multifamily property. The asset is in close proximity to the area’s foremost employment centers as residents enjoy walking distance to University of South Carolina and Downtown Columbia, in addition to private access to the nearly 8-mile-long Cayce Riverwalk. The Tremont’s strong operations and above-market average occupancy in the trailing year (97%) provide the ideal launch-pad for organic rent growth as the property captures the current rent ceiling of $200+ provided by downtown. Minimal new supply that will compete with The Tremont coupled with the Cayce submarket's projection for the metro's highest rent growth through 2022 offer protection for the asset's long-term growth potential.
...
Sold
The Tremont
224 Units
111 Knox Abbott Drive
Cayce, SC  29033
Type: Conventional
Closed: 1/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 98-unit The Park on 23rd apartment community located in the thriving Pell City, AL. This asset is situated just off Interstate 20, within 15 minutes of Honda’s manufacturing plant in Lincoln (4,500 jobs, $140M expansion in 2018). Built in 1998 and undergoing a massive value add campaign, The Park on 23rd offers an outstanding opportunity to invest in a cash-flowing asset with proven value add potential.
...
Sold
The Park on 23rd
98 Units
1103 23rd Street N
Pell City, AL  35125
Closed: 1/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Pines of Wilmington - a 233-unit apartment community in Wilmington, NC constructed in 1975. Bolstered by recent capital improvements and robust operational momentum, The Pines of Wilmington offers investors a potential +37% boost to annual NOI through completion of an underway, proven value-add program. The asset is firmly cemented in the metro’s highest rent growth submarket that is primed to benefit from development expansion moving southward. In addition, The Pines of Wilmington is in close proximity to the principal economic drivers and premier retail nodes of Wilmington - an MSA characterized by rapid population growth, an expanding employment nucleus, and attractive demographics..
...
Sold
The Pines of Wilmington
233 Units
1002 Mayflower Drive
Wilmington, NC  28412
Type: Conventional
Closed: 1/17/2019

Turtle Creek is a 216-unit rental community located in Kokomo, Indiana, 40 miles due north of Indianapolis. The property is well-maintained and exceptionally located on the east side of the city. Built in 1971, the property was constructed on concrete slabs with wood framing and brick exteriors. The property is comprised of two large “X” shaped buildings each with four wings and a common core area in the center. The three-story buildings both have a central elevator.

...
Sold
Turtle Creek - Kokomo
216 Units
2241 W. Jefferson
Kokomo, IN  46901
Type: Conventional
Closed: 1/17/2019
Sold
Huntsville Place (336 Beds)
84 Units | 336 Beds
4955 Century Street NW
Huntsville, AL  35816-1973
Type: Student
Closed: 1/16/2019
Sold
Lakehouse Luxury
125 Units
3003 S Frontage Road
Plant City, FL  33566
Closed: 1/15/2019
Sold
Woodbrooke Apartments
60 Units
466-474 Pedretti Ave
Cincinnati, OH  45238
Type: Conventional
Closed: 1/15/2019
Sold
Covington I & II (2 properties, 156 units)
Covington I & II
96 Units
100 Covington Park Drive
Jackson, MS  39212
Closed: 1/11/2019
Sold
Covington I & II (2 properties, 156 units)
Covington I & II
60 Units
100 Covington Park Dr
Jackson, MS  39212
Closed: 1/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Apartments at Shade Tree, a 248-unit apartment community located in Johns Island, South Carolina. The property is located in a fast-growing submarket with high visibility off major artery Maybank Highway, which is currently being transformed into four lanes, paving the way for future rental growth as the area continues to expand. With a high rent growth ceiling between the property and its competitors, as well as the immediate opportunity to implement water/sewer and valet trash charges at the property, the property offers tremendous rent and NOI growth upside. The property is being offered at a significant discount to recent nearby trades and replacement cost. With high barriers to new development throughout Charleston, the property is well-positioned to enjoy long-term rent growth and offers an outstanding return on investment.
...
Sold
The Apartments at Shade Tree
248 Units
2030 Wildts Battery Boulevard
Johns Island, SC  29455
Type: Conventional
Closed: 1/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 208-unit 701 South apartment community located in Mobile, AL. This asset is situated in the highly sought-after West Mobile submarket and maintains high visibility and accessibility off two of the city’s major thoroughfares. Built in 1975 and fully-renovated in 2016/2017, 701 South is generating exceptional demand from the rental market and is positioned for powerful future growth.
...
Sold
701 South
208 Units
701 S University Boulevard
Mobile, AL  36609
Closed: 1/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Linden (162 units and 5,808 SF of ground-floor retail) and Lakeside (51 units) - a two-property portfolio in Charlotte’s affluent suburb of Davidson, NC. Built in 2016, The Linden is Davidson’s premier mixed-use asset featuring luxurious amenities and sophisticated interiors while offering multi-dimensional income upside through organic gains, and completion of a light-touch value-add program to capture a $200+ rent runway. Built in 1978, Lakeside provides superior organic rent growth potential bolstered by a recent ~$1.7 million targeted capital improvements program. Minimal new supply projected in Davidson, coupled with blue-chip demographics and continued job growth, ideally position the assets in a static competitive environment along Charlotte's path of progress. Offers will be accepted on the full portfolio and/or on individual properties.
...
Sold
The Linden & Lakeside (2 properties, 213 units)
Lakeside
51 Units
900 Lakeview Avenue
Davidson, NC  28036
Type: Conventional
Closed: 1/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit Springdale Glen apartment community located in northeast metropolitan Atlanta, DeKalb County, Georgia. This asset is situated in the high connectivity and fast-developing Northlake area anchored by affluent demographics. Built in 1973, Springdale Glen offers an outstanding opportunity to invest in a solid-performing asset primed for value-add returns.
...
Sold
Springdale Glen
276 Units
3800 Brockett Road
Clarkston, GA  30021
Type: Conventional
Closed: 1/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 37-unit Embry Hills apartment community located in Chamblee, DeKalb County, Georgia. This boutique asset is situated adjacent to northeast metro Atlanta’s burgeoning I-85 corridor and transformational projects underway in northeast Atlanta. Built in 1964, Embry Hills offers all-brick, ground-level units with extremely large private patios/decks. This is an outstanding opportunity to invest in a solid-performing asset with market-supported value add in a high-growth submarket.
...
Sold
Embry Hills
37 Units
3693 Embry Circle
Atlanta, GA  30341
Closed: 1/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 155-unit SoHo on Central apartment community located on Central Avenue in one of Charlotte’s most popular neighborhoods, Plaza Midwood. Implanted in Plaza Midwood and next door to Uptown Charlotte, SoHo on Central is uniquely positioned in a rapidly expanding suburb with strong demographics and high quality employment opportunities. With a proven Value-Add initiative in place and a low replacement cost, potential investors can be sure to see high returns
...
Sold
SoHo on Central
155 Units
3143 Central Avenue
Charlotte, NC  28205
Type: Conventional
Closed: 1/3/2019
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Island Club Apartments, a 144-unit apartment community located in Salisbury, MD. Built in 1987, Island Club offers investors the opportunity to acquire a proven value-add apartment community within the stable Salisbury market. The Property can be repositioned through upgraded kitchens and bathrooms, garnering additional rental premiums and creating a distinctive advantage against its competitive set. The Property’s convenient location within Salisbury provides direct access to the region’s major employment, retail, lifestyle amenities and major roadways. Island Club presents investors with the opportunity to acquire a proven value-add community within an opportunity zone that has strong future growth prospects in the stable Salisbury economy.
...
Sold
Island Club
144 Units
1500 Sharen Drive
Salisbury, MD  21804
Closed: 1/2/2019

Cushman & Wakefield, as exclusive advisor is pleased to present the opportunity to acquire Elan Maison, a brand new, 394-apartment home community located with greater Ft. Lauderdale. The property recently stabilized by averaging over 30 leases per month.

Elan Maison redefines the standard for apartment living being the only garden-style apartment with enclosed air-conditioned corridors and cutting-edge finish levels both inside the units and throughout the common areas. It has unmatched accessibility along I-595 with direct access the major South Florida Roadways.

Elan Maison is being offered for the first time to the market by its developer, nationally recognized Greystar.
...
Sold
Elan Maison
394 Units
6220 Reese Road
Davie, FL  33314
Type: Conventional
Closed: 12/27/2018

Lodge at Trails Edge is a 268-unit luxury apartment community located in the popular Nora/Castleton area on Indianapolis’ affluent far north side. The community was originally built in 1981. In 2001 a building with twenty units was added. Situated on 20 well-landscaped acres, the property has great curb appeal and offers its residents a truly park-like setting and that includes a lake with two fountains, many mature trees, and ample green space. The immensely popular Monon Trail runs along the property’s western edge.

The site includes the clubhouse/office/amenity building, a shop, and 13 residential buildings. Lodge at Trails Edge offers a mix of 136 one-bedroom flats and 132 two-bedroom flats. Features vary by unit type but include attractive floor plans with kitchens with breakfast bar, ample pantry space, a full appliance package, private patios and/or balconies, and oversized closets..

Ninety-six units have fireplaces; sixty-one units have washer/dryer hookups, and seventy-two units overlook the central lake and its two fountains.

...
Sold
Lodge at Trails Edge
268 Units
9535 Benchmark Drive
Indianapolis, IN  46240
Type: Conventional
Closed: 12/21/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Aventine Greenville - a 346-unit apartment community in burgeoning Greenville, SC. Built in 2013, The Aventine Greenville boasts luxurious amenities/features and high-quality construction that is available for acquisition at an attractive basis. Bolstered by favorable operations, the property is ideally positioned to close the $200+ rent gap to market competitors through completion of a light value-add program. Residents of The Aventine Greenville enjoy walkability to the premier retail outlets in South Greenville - a region defined an exceptional demographic base and a diminishing new development pipeline. In addition, the asset is positioned in the center of Greenville’s thriving "Industry Triangle" as five of the county’s largest employers (10,500+ jobs) are less than two miles from the property.
...
Sold
The Aventine Greenville
346 Units
97 Market Point Drive
Greenville, SC  29607
Type: Conventional
Closed: 12/20/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Bridford West apartment community in rapidly-expanding southwest Greensboro, NC. Built in three phases in 2013 and 2014, Bridford West offers a top-of-the-market features and amenities package rivaling other top assets in the market. The property is ideally located between I-73 and I-40, providing excellent connectivity and access to the area’s top employers and retail. With outstanding demographics and a high rent ceiling, the property is poised for sustained organic rent growth and is being offered at a significant discount to replacement cost, as well as comparable Class A trades in other Carolinas metros.
...
Sold
Bridford West
264 Units
598 Eagle Road
Greensboro, NC  27407
Type: Conventional
Closed: 12/19/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 406-unit Silver Oak Apartments located in east Atlanta, DeKalb County, Georgia. This asset is situated in the rapidly-expanding Clarkston apartment market where within a two-mile radius of the subject, only two properties have delivered since 1989. Built in 1971, Silver Oak Apartments has shown consistently solid statistics throughout 2016, and is offered with manifest value add and outstanding rent growth potential.
...
Sold
Silver Oak Apartments
406 Units
1281 Brockett Road
Clarkston, GA  30021
Type: Conventional
Closed: 12/18/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the new 303-unit Solis Parkview apartment community in Atlanta, Georgia. Completed in late 2017 as part of the new Parkview on Peachtree mixed-use community, Terwilliger Pappas’ Solis Parkview represents the pinnacle in new urbanism residential midrises. Complemented by Parkview’s 45k SF of boutique retail and loft office space, and an integrated network of walking and fitness trails, Solis Parkview’s extraordinary amenities and location attract a discerning renter profile, resulting in a rapid lease up with relatively limited concessions. Its Chamblee location, just north of Buckhead and south of Central Perimeter, is one of Atlanta’s newest and most dynamic transit-oriented hot spots, walkable to the Chamblee MARTA rail station and a new Whole Foods. Catalyzed by Integral’s mammoth Assembly Yards development one MARTA stop north, Chamblee’s burgeoning renaissance continues with new retail, restaurants, and 500k SF of new office space under construction while already ranked among Atlanta’s most energetic new urban nodes.
...
Sold
Solis Parkview
303 Units
5070 Peachtree Boulevard
Chamblee, GA  30341
Type: Conventional
Closed: 12/18/2018

Kenwood Village, located in the Duluth Heights/Kenwood neighborhood of Duluth, MN, is a Class A apartment building with 14,000 square feet of first floor retail. The property received its certificate of occupancy in February 2017 and leased up with a high degree of interest from university employees, graduate students and people who recently sold their nearby homes in the Kenwood neighborhood. The strong performance of Kenwood Village can be attributed to its close proximity to the University of Minnesota - Duluth and the College of St Scholastica, superior amenities, access to public transit, nearby shopping and spectacular views.

The retail portion offers long-term leases by Amazon Proof retailers. Three of the four current tenants have signed 10-year leases including Caribou Coffee/Einstein Bagels, Crooked Pint, and Duluth Teachers Credit Union, making up 73% of the retail space. Runa Yoga and Experimac complete the list of current tenants and there is value-add potential in leasing up the remaining 1,082 square feet of vacant space. Other key retailers in this area include SuperOne Foods, Papa Murphys, Arby’s, UPS, Cost Cutters, Erbert’s & Gerbert’s and Walgreens.

...
Sold
Kenwood Village
83 Units
1515 Kenwood Avenue
Duluth, MN  55811
Type: Conventional
Closed: 12/14/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 246-unit The Emerson 1600 apartment community located in the west Atlanta suburb of Smyrna, Georgia. This asset is situated in flourishing Cobb County and maintains high visibility and accessibility off two of the Atlanta’s major thoroughfares. Transformational new developments in Cobb include the new Atlanta Braves stadium and Smyrna and Vinings mixed-use upscale retail centers. Built in 1985, The Emerson 1600 has produced outstanding organic rent growth and stable occupancy. The next investor can further increase collections through rounding out the in-place value-add campaign.
...
Sold
The Emerson 1600
246 Units
1600 Tibarron Parkway
Smyrna, GA  30080
Type: Conventional
Closed: 12/14/2018