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Casa Loma Apartments
28 Units
403 O Street
Sanger, CA  93657
Type: Conventional
Sold
Castlepark Resort Apartments
508 Units
2065 W. College Avenue
San Bernardino, CA  92407
Type: Conventional
Sold
Cedarbrook Apartments
515 Units
Colton, CA
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
Celsius
474 Units
9404 Perimeter Station Drive
Charlotte, NC  28216
Type: Conventional
CLOSED 3/31/2016

Cushman & Wakefield/NorthMarq is pleased to present Century Commons, a premier value-add investment opportunity. The property offers 153 student bedrooms (39 units) directly adjacent to Century College, Minnesota’s largest two-year community and technical college (11,000 students). Investors are offered the opportunity to acquire a strategically located, well-maintained student housing property with substantial value-add potential through kitchen renovations and light common area upgrades.

Century Commons provides students with a unique living environment that cannot be replicated in the marketplace. Furnished units are rented by-the-bedroom with lease structures catering to the academic calendar. Amenities appeal to the unique needs of students and include wireless internet, study lounge with computers and snack machines, controlled entry, video surveillance system and barbeque area.

Future ownership will be able to build on a multi-year year track record of NOI growth and benefit from a captive audience of student renters. Low long-term interest rates, continued rent growth and minimal ongoing capital requirements will make Century Commons a solid investment with strong cash-on-cash returns.

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Century Commons
153 Units
3515 Century Ave N
White Bear Lake, MN  55110
Type: Student
Sold
Hawaiian Terrace & Chapel Arms (2 properties, 34 units)
Chapel Arms
13 Units
1308 Chapel St.
Cincinnati, OH  45206
Type: Conventional

City View Apartments is a 112-unit property located in the West-Central submarket of Las Vegas and is poised to take advantage of the recent surge of nearby activity. Constructed in 1977, City View is a quaint community that offers proven renovation upside in both floor plans, ample common areas, a pool, and a lightly renovated clubhouse.

Las Vegas was the number one metro for rent growth in 2018, recording 7%+ growth. Las Vegas also recorded rent growth of 6%+ in 2016 and 2017. With the strong rent growth in Las Vegas, City View has been able to prove out $130 per month lifts in rents through a light interior improvement plan, while remaining "under market". Renovations include countertops, appliances, baseboards, paint, and hardware.

The West-Central submarket continues to be a proponent of higher rental rates as newer assets begin value-add campaigns & luxury projects continue to be developed in the immediate vicinity. Rent comps like the Sedona Ridge and Tower at Tropicana have rental rates $150-$200 per month higher than the renovated rates at City View. Sales in the submarket are exceptionally strong as well. The Green Leaf Lotus Apartments, less than one mile away, recently sold for $261,016.95 per unit. The 1988-vintage "Sequoia Meadows", just 0.9 miles away, recently sold for $163,602.94 per unit. Additionally, nearby Chinatown is experiencing a BOOM in the retail sector, as there proves to be huge demand to live, work, & eat in this corridor. Population growth in this pocket is projected at 9.41% through 2023

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City View Apartments
112 Units
3355 Arville Street
Las Vegas, NV  89102
Sold
Cloman Apartments
8 Units
7575 & 7585 Cloman Way
Inver Grove Heights, MN
Type: Conventional
Sold
Coldwater Canyon Chalet
32 Units
Sherman Oaks, CA
Sold
Colony Park
24 Units
1425 Bidwell Street
West St Paul, MN  55118
Type: Conventional
Cushman & Wakefield is pleased to announce the exclusive listing of an excellent opportunity to acquire 475 units in Denver Metro and Colorado Springs. The Colorado Portfolio consists of two properties located in Denver Metro totaling 216 units and two properties located in Colorado Springs totaling 259 units. Nestled among the trees close to Old Town Arvada, Aspen Point is country-style living with easy access to Denver and Boulder. Located just off Wadsworth Blvd. and W. 58th, Aspen Point is close to numerous retail and shopping centers, as well as minutes away from Downtown Denver. The retail center includes big-box tenants such as Costco, Home Depot, Lowe’s, Sam’s Club, Sport’s Authority, and numerous other retail shops. With easy access to the Rocky Mountains from I-70 and 6th Ave, Mountain Run is located in Lakewood, Colorado between W. Alameda and S. Union Blvd. Mountain Run sits within minutes of numerous job centers, including the Denver Federal Center which employs over 6,200 federal employees and 26 different agencies, making it the largest concentration of Federal agencies outside of Washington, D.C. Citadel Village and Village East both sit in the Rustic Hills Sub-Market of Colorado Springs. Citadel Village is located just off of North Academy and Galley Rd. and in very close proximity to the Citadel Mall and shopping center. Village East sits east of the North Powers and E Platte Ave intersection and just north of the Colorado Springs Municipal Airport. In early November, Frontier Airlines announced plans to build its heavy maintenance hangar in Colorado Springs, which will bring 225 high paying jobs to Colorado Springs. The Army recently announced they will base a newly formed brigade combat team at Fort Carson, bringing nearly 4,900 more soldiers to the post. The new unit would bring the total number of active-duty troops at the Colorado Springs post to nearly 30,000, compared with about 14,500 in 2003.
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Colorado Portfolio
475 Units
Denver Metro & Colorado Springs
Denver & Colorado Springs
Sign the electronic Confidentiality Agreement to gain access to the online package. Property Tours: • Thursday, May 15, 2014 • Thursday, May 22, 2014 • Thursday, May 29, 2014 • Thursday, June 5, 2014 Call For Offers: • Friday, June 6, 2014 Please contact Brandon Whitesell 404-853-5200, Nathan Swenson 404-853-5246, Chris Spain 404-853-5234 or Alex Brown 404-853-5274 to discuss or schedule a tour.
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Concord Village & Gwinnett Station
362 Units
Concord Village & Gwinnett Station
Atlanta, GA
The Cushman & Wakefield Studend Housing Group is pleased to present the exclusive listing of The Connection at Lawrence, a 324-unit, 888-bed, student housing community located in Lawrence, Kansas. This purpose-built asset caters to the Power 5, Tier One University of Kansas that exceeded 27,600 students for the Fall of 2017. Built in 2010, The Connection at Lawrence offers investors an already proven value-add opportunity, allowing the ability to recieve immediate cash flow return upon capital deployment.
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Connection at Lawrence
324 Units | 888 Beds
3100 Ousdahl Road
Lawrence, KS  66046
Type: Student
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
CORE Lindbergh
358 Units
741 Morosgo Drive
Atlanta, GA  30324
Type: Conventional
Sold
Corte Bella
32 Units
1441 Casa Buena Drive
Corte Madera, CA  94925
Type: Conventional
Sold
Country Club
222 Units
3030 North 7th Street
Phoenix, AZ  85014
Sign the electronic Confidentiality Agreement to gain access to the online package. SITE TOURS: • Thursday, February 27, 2014 • Thursday, March 6, 2014 • Thursday, March 13 2014 • Thursday, March 20, 2014 OFFERS DUE: Friday, March 21, 2014 Please contact Brandon Whitesell 404-853-5200, Alex Brown 404-853-5274, or Nathan Swenson 404-853-5246 to discuss or schedule a tour.
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Country Club, Cobblestone, & Magnolia Run
528 Units
Greenville & Anderson, SC
Sold
Courtney Trace and The Addison (2 properties, 455 units)
Courtney Trace
288 Units
1131 Courtney Trace Circle
Brandon, FL  33511
Sold
Creekside Apartments
152 Units
Riverside, CA
Sold
Creekside Village
326 Units
San Bernardino, CA
Sold
Desert Blossom
10 Units
902 South 28th Avenue
Phoenix, AZ  85009
Short-Sale Approval Required Price: $650,000 Price/Unit: $14,444 Price/SF: $22.22
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Desert Meadowlark
45 Units
405 North 40th Avenue
Phoenix, AZ  85009
29 units offered for sale | Buyer may obtain new financing PRICE: $1,425,000 PRICE/UNIT: $49,138 PRICE/SF: $71.93
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Desert Villa
29 Units
1826 North 51st Street
Phoenix, AZ  85008

The “Echelon at Centennial Hills” is a bite-sized institutional-quality asset in the desirable “Centennial Hills” submarket in Las Vegas. The asset combines oversized units (1,829 SF average), quality podium construction, structured parking, and a top-tier amenity base. The property is poised to take advantage of the accelerating trends of the northwest Vegas market through improved operations and a possible value-add program.

Location and asset type make this a unique offering, as Centennial Hills is the newest area of expansion in Las Vegas. The Centennial Hills location already rivals the established “Green Valley” submarket in the southeast. Single family developers, multifamily developers, and even high-end retail shops are thriving in the northwest. New multifamily projects are thriving, and luxury developers have plans to take advantage of the desirable demographics in the near future; the Calida group has plans to build an “Elysian” branded asset at the former “Great Mall of Las Vegas” location.

Las Vegas is the 29th largest MSA in the United States, and number one in rent growth among major metros. Rent growth figures averaged above 7.2% through 2018, with stronger growth in “lifestyle” assets than “workforce” assets. Additionally, Las Vegas leads the country in job creation, with year-over-year job gains of 3.2%. In total, 43,800 jobs were created through 2016 & 2017, and unemployment has recently dropped to 4.8%%. This job growth, paired with above-average population growth of 2.4%, continues to expand the local rental market. Additionally, personal income growth for Vegas was 6.1% in 2018, continuing to prove that the market has depth.

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Echelon Apartments
62 Units
9051 Echelon Point Dr
Las Vegas, NV  89149