Sold
Pensacola 495 (5 properties, 494 units)
Bayfront Apartments
86 Units
1200 Scenic Highway
Pensacola, FL  32503
Closed: 9/9/2020
Sold
Pensacola 495 (5 properties, 494 units)
Colony House
84 Units
800 Scenic Highway
Pensacola, FL  32503
Closed: 9/9/2020
Sold
Pensacola 495 (5 properties, 494 units)
Creekside I & II
216 Units
110 Creekside Court
Pensacola, FL  32514
Closed: 9/9/2020
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.
...
Sold
Shannon Chase & Hidden Lake (2 properties, 476 units)
Shannon Chase
156 Units
5300 Georgia Highway 138
Union City, GA  30291
Type: Conventional
Closed: 9/9/2020
Sold
Pensacola 495 (5 properties, 494 units)
Steeplechase
71 Units
7270 Hilburn Road
Pensacola, FL  32504
Closed: 9/9/2020
Sold
Pensacola 495 (5 properties, 494 units)
The Oaks
37 Units
4435 Marlane Court
Pensacola, FL  32526
Closed: 9/9/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 368-unit Serenity Montgomery Portfolio. Benefiting from a strong manufacturing economy, the Montgomery metro has garnered over $1 Billion in capital investments and approximately 7,000 jobs over the past three years. Hyundai (3,000+ jobs) recently announced additional investments of $400M+ and 100+ jobs. The two assets, Serenity at the Park and Serenity Townhomes, are situated in an "Opportunity Zone" which will provide huge tax benefits to the next investor. Built in 1972 and comprised of all-brick exteriors, the Serenity Montgomery Portfolio offers value add upside at an extremely attractive basis.
...
Sold
Serenity Montgomery (2 properties, 368 units)
Serenity Townhomes
192 Units
4930 Park Towne Way
Montgomery, AL  36116
Type: Conventional
Closed: 9/3/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire AMLI Flagler Village, a midrise apartment community in the emergent Flagler Village neighborhood within Fort Lauderdale, Florida. Comprising 218 apartment homes and seven office units that comprise 7,200 square feet of space, this 7-story multifamily asset offers the opportunity to attain greater yields through implementation of a higher-tier customized modernization program that will increase returns for a new owner and also make it the community of choice given its large floor plans which average 1,047 square feet. With a 93 Walk Score, the property has access to the rapidly expanding nearby amenities and the most active employment market in Broward County.
...
Sold
AMLI Flagler Village
218 Units
440 NE 4th Avenue
Fort Lauderdale, FL  33301
Closed: 9/2/2020

Autumn Trails, built in 1987, is a 165 unit apartment community located on the suburban east side of Indianapolis The community is situated on 9 acres and has 24 single story residential buildings. The property offers an attractive unit mix of studios, 1 and 2 bedroom units with private entries.

The property has undergone major capital expenditures in the last few years including all new metal roofs, the majority of the siding replaced, many new appliances and cabinets and the parking lot resealed and striped. The lack of immediate capital needs allows the new owner the ability to focus on property upgrades that will increase revenue.

Autumn Trails is located just north of 38th street and immediately east of I-465 off Franklin Road on the city’s suburban east side. The location provides convenient access to dining, shopping and employment.

...
Sold
Autumn Trails
165 Units
7981 Red Mill Drive
Indianapolis, IN  46226
Closed: 9/2/2020

20 East is a 156-unit apartment community located in Elkhart, Indiana built-in three phases in 1985, 1986 and 1988. The community is situated on 15 acres and has 18 residential buildings, a leasing office and sparkling pool. The property offers an attractive unit mix of 1 and 2 bedroom units with all single-story buildings, private entries and washer/dryer connections in all units.

The property presents the ability to easily increase revenue by burning off loss-to-lease as demonstrated by the ability to achieve market rents. 20 East has undergone major capital expenditures in the last few years including all new roofs and windows in the last 2-8 years, new siding in 2018 and a new playground in 2018. The lack of immediate capital needs allows the new owner the ability to focus on property upgrades that will increase revenue. The property is located adjacent to an industrial/manufacturing corridor with many employers and a slew of economic activity.

...
Sold
20 East
156 Units
2125 Toledo Road
Elkhart, IN  46516
Closed: 9/1/2020
Sold
Palladian at Promenade
110 Units
2150 Hughes Road
Madison, AL  35758
Closed: 9/1/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 192-unit River Park apartment community located in McComb, MS. McComb, located along I-55 and centralized amongst key MSAs, is a budding regional retail hub with nearly 2 million square feet and major big box stores. River Park is part of an upcoming major mixeduse project that is taking shape at the I-55/Hwy-98 interchange, which will feature grocery, retail, office, and flex space. Built and delivered in late 2015, the subject property offers a Class A asset below replacement cost with an outstanding collections trend. The next investor will also benefit from long-term HUD debt that will boost cash-on-cash returns.
...
Sold
River Park
192 Units
1328 Parklane Road
McComb, MS  39648
Type: Conventional
Closed: 9/1/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Magnolia Terrace apartment community located in Charlotte, North Carolina. The asset is situated in the amenity rich University City suburb, which is experiencing phenomenal gains in population and employment – firmly cementing it as the second largest employment node in the MSA. Submarket performance continues to outpace the broader metro in rent growth, as average effective rent levels are expected to increase by $120 through 2022, while occupancy remains stable at 95%. Built in 1989, Magnolia Terrace is demonstrating spectacular operating momentum on the back of a recent $3.14M capital infusion and represents an outstanding opportunity to invest in an asset that can capture a 31% NOI boost through a multi-pronged value-add platform.
...
Sold
Magnolia Terrace
264 Units
8301 Paces Oaks Boulevard
Charlotte, NC  28213
Type: Conventional
Closed: 8/31/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 282-unit Accent Cumberland development located in the MetroCenter submarket of Nashville, Tennessee. The site is situated minutes from Downtown and is ideally positioned between Nashville’s fastest growing neighborhoods. MetroCenter is one of Nashville’s strongest office submarkets, featuring over 3M SF of office space, and is recognized for its urban infill setting surrounded by high-growth areas, an expanding amenity base, and connectivity to all of the city’s major hubs. Accent Cumberland will benefit tremendously upon the submarket’s urbanizing trajectory and growth.
...
Sold
Accent Glassworks (U/C)
282 Units
521 Great Circle Road
Nashville, TN  37228
Type: Conventional
Closed: 8/28/2020
Sold
Capital Park at 72 West
233 Units
6941 US Highway 72
Huntsville, AL  35806
Type: Conventional
Closed: 8/28/2020
Sold
Summerchase at Riverchase
240 Units
100 Summerchase Drive
Hoover, AL  35244
Closed: 8/27/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of 53 West in Hall County, Georgia. The property boasts best-in-class interiors and amenities nestled into a private, nature-filled environment. 53 West has demonstrated its extreme desirability throughout a lease-up that averaged 23+ move-ins per month, all while offering zero concessions. The property is now 100% leased, providing a solid, sustainable foundation for market rent growth via strategic rent increases across all floorplans. Located in Oakwood, a rapidly growing suburb Northeast of Atlanta, and directly proximate to all surrounding economic nodes, 53 West is primed for years of sustained growth and impressive performance.
...
Sold
53 West
266 Units
1000 Wood Acres Road
Oakwood, GA  30566
Type: Conventional
Closed: 8/25/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 85-unit Capital Flats & Magnolia Square apartment community located in Raleigh, North Carolina. This asset is situated in the heart of Raleigh, one of the fastest growing downtowns in the country. Built in 1982 with a $1.9M renovation completed in early 2020, Capital Flats offers an outstanding opportunity to invest in a unique asset primed to capitalize on growing demand for quality housing in the densest office market in the Triangle. With $2.3B in the current downtown development pipeline, Raleigh continues to grow and attract new residents, top businesses, and highly desirable retail.
...
Sold
Capital Flats & Magnolia Square
90 Units
500 E Hargett Street
Raleigh, NC  27601
Closed: 8/24/2020

Brixton Apartments, situated on 9.93 acres, is a 120-unit community conveniently located on the southeast side of Indianapolis. With exceptional location, the property has mature trees and provides a quiet neighborhood setting.

The well-maintained property was built in 1982. The current owner has partially renovated 104 units. New ownership has the ability to increase revenue by continuing with unit upgrades.

Located in Marion County, on the southeast side of Indianapolis, Brixton Apartments enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants and employment.

Offered Free and Clear, the property’s stable financial performance will allow for the most competitive and attractive new debt structure.

...
Sold
Brixton
120 Units
4929 Red Robin Drive
Beech Grove, IN  46107
Closed: 8/20/2020
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 407-unit bulk condominium offering in Tzadik Oaks located in Tampa, Florida.

...
Sold
Tzadik Oaks
407 Units
1250 E. 113th Ave.
Tampa, FL  33612
Closed: 8/17/2020
Sold
2013 8th Street
6 Units
2013 8th Street
Sacramento, CA  95818
Type: Conventional
Closed: 8/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 336-unit, North Lakes apartment community located in Greensboro, NC. The property offers an outstanding opportunity to invest in a well-performing asset within the economic powerhouse of the Piedmont Triad, strategically located beside a proposed exit off the future Greensboro Urban Loop (840). Built in 1972, North Lakes received a capital investment of over $2 Million in exterior amenities, including 71 roofs replaced in 2019, and ownership-implemented interior upgrades to 125 units. The immediate area is compacted with blue chip demographics, with averages HHI’s of over $94K expected to rise 13% by 2024. A high income renter base paired with the planned Urban Loop presents potential investors with the opportunity to complete the in-place value add program on the remaining 211 units to achieve an additional 26% in annual NOI.
...
Sold
North Lakes
336 Units
2905 Cottage Place
Greensboro, NC  27455-2305
Type: Conventional
Closed: 8/14/2020
Sold
Serenity at Bell Oaks
98 Units
3160 Bell Oaks Circle
Montgomery, AL  36116
Type: Senior
Closed: 8/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 180-unit The Hamptons apartment community (the "Property") located in Charlotte, North Carolina. Built in 1996, The Hamptons represents the ideal value-add investment vehicle. The current value-add program is realizing average rental premiums of $170, and a new owner will be poised to capture a 16% increase in NOI through the completion of the program. The Property is situated in an optimal location along prominent thoroughfare, W.T. Harris Blvd, which provides access to the region’s premier retailers and largest employment nodes - totaling 114,000 jobs within 5 miles. The tailwinds of rising home values and increased employment in North Charlotte have resulted in ideal submarket growth fundamentals. Projections show the submarket realizing 3.3% year-over-year rent growth through 2023, resulting in an average rent increase of $148.
...
Sold
The Hamptons
180 Units
8415 University Station Circle
Charlotte, NC  28269
Type: Conventional
Closed: 8/14/2020