The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Villas by the Lake apartment community located in Jonesboro, GA. This asset is situated in the in-fill Clayton County apartment submarket, characterized by limited new deliveries and strong organic rent growth of 44% since 2010. Given a five-mile radius, only one market rate deal has been delivered in the past 15 years. Villas by the Lake boasts an exceptional location being less than 20 minutes from Hartsfield-Jackson Atlanta International Airport and just 7 minutes from the area’s leading retail corridor, Fayette Pavilion. With demand for upgraded interiors evident at the subject property and in the submarket, Villas by the Lake is an excellent opportunity to acquire a true value-add investment well below replacement cost.
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Villas by the Lake
256 Units
1 Lakeview Way
Jonesboro, GA  30238
Type: Conventional
Closed: 5/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 371-unit Ashford East Village apartment community located in Atlanta, DeKalb County, GA. Atlanta is experiencing a surge in new jobs and corporate relocations, accounting for more than 26K jobs in the city-center. Via MARTA and proximity to major interstates, Ashford East Village's location within East Atlanta offers residents easy commutes to employment nodes throughout the metro. Following in the wake of the economic explosion occurring in Midtown, Old Fourth Ward, and Inman Park, the subject is located within the path of progress fueling East Atlanta's revitalization. Ashford East Village presents an opportunity to acquire a true value-add property in a submarket lacking high-quality, affordable multifamily options.
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Ashford East Village
371 Units
1438 Bouldercrest Road
Atlanta, GA  30316
Type: Conventional
Closed: 5/30/2019

Oakbrook Park Apartments, located on the desirable north side of Indianapolis, offers buyers the opportunity to purchase a stable, partially renovated property in a solid B location with the demonstrated ability to renovate units and achieve rent premiums.

The property was originally built in 1978 and has received numerous renovations and updates over the years. In 2010 / 2011, a previous owner completed over $1.3M in property renovations/upgrades. These renovations included the replacement of all windows, common area hallway upgrades, full property exterior painting, replacement of 4 roofs, addition of a new fitness facility, yoga studio and business center, clubhouse renovation, installation of a bark park and sand volleyball court, new landscaping and property signage and the updating of 153 apartment units (87 partially renovated and 66 fully renovated units).

The current owner has continued to invest in the property and spent over $1.5M since 2015 in capital improvements. A major project completed by the current owner was the conversion of a previous commercial building. This building was fully renovated and converted into 12 additional apartments. These 12 units have brand new finishes and feel like new construction product. These “new” units are highly sought after and demonstrate the demand for units with higher end finishes and higher rents. Further proving the case for continued unit upgrades, the previous owner fully renovated 66 units in 2011+/- and these units still lease for $50 - $125 more.

Oakbrook Park is being sold free and clear or with the potential to assume the existing debt (assumption NOT required).

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Oakbrook Park
256 Units
1808 Century Way
Indianapolis, IN  46260
Type: Conventional
Closed: 5/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of two perfectly primed, late-70s vintage value-add assets in metropolitan Atlanta. Retreat at Marketplace has 330 units in the rapidly expanding aerotropolis district. Ashland Lakeview is a 255-unit community embedded in more than 7M SF of industrial space and offers strategic connectivity to Emory’s ‘Eds and Meds’ corridor. This is an outstanding opportunity to invest in two high-growth submarkets positioned for immediate and long-term returns.
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Retreat at Marketplace & Ashland Lakeview (2 properties, 585 units)
Ashland Lakeview
255 Units
200 Summit Lake Drive
Stone Mountain, GA  30083
Type: Conventional
Closed: 5/29/2019
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Berkeley-Warwick Place Townhomes, two apartment communities totaling 265-units located in Richmond, VA. The Properties are well located, both adjacent to one of the Richmond metro’s largest hospitals, with access to significant employment and retail amenities within a short drive. The Properties offer additional value-add upside through the implementation of an interior unit renovation being proven out in the broader submarket with the ability to gain operational efficiencies through expense reduction. Berkeley-Warwick Place presents investors with the opportunity to acquire well located, value-add apartment communities with substantial growth prospects in the expanding Richmond economy.
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Berkeley & Warwick Place
265 Units
2231 Chalfont Drive
Richmond, VA  23224
Closed: 5/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Madison (216 units) and Southgate (429 Units) - a two-property portfolio in the affluent community of south Greenville, NC. Built in 1992/1997, and renovated in 2014/2015, The Madison offers an outstanding opportunity to invest in a quality asset at an attractive basis with organic rent and ancillary income growth potential. Completed in 1978/1987 and also renovated in 2014/2015, Southgate provides the chance to acquire a property with proven value-add upside bolstered by $4 million of recent capital improvements. A strong demographic base, proximity to Greenville’s major economic centers, and a diminishing supply pipeline ideally positions the assets in a market with favorable fundamentals to drive long-term growth potential.
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The Madison & Southgate (2 properties, 645 units)
Southgate
429 Units
14 Merry Lane
Greenville, NC  27858
Closed: 5/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Madison (216 units) and Southgate (429 Units) - a two-property portfolio in the affluent community of south Greenville, NC. Built in 1992/1997, and renovated in 2014/2015, The Madison offers an outstanding opportunity to invest in a quality asset at an attractive basis with organic rent and ancillary income growth potential. Completed in 1978/1987 and also renovated in 2014/2015, Southgate provides the chance to acquire a property with proven value-add upside bolstered by $4 million of recent capital improvements. A strong demographic base, proximity to Greenville’s major economic centers, and a diminishing supply pipeline ideally positions the assets in a market with favorable fundamentals to drive long-term growth potential.
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The Madison & Southgate (2 properties, 645 units)
The Madison
216 Units
2221 Hyde Drive
Greenville, NC  27858
Type: Conventional
Closed: 5/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 512-unit Midtown Montgomery Portfolio located in the desirable East submarket of Montgomery, Alabama. East Montgomery offers direct connectivity to Downtown, and is producing the bulk of Montgomery’s development. The metro experienced strong economic growth in 2016, bringing in $411M of capital investment and 2,000 new jobs. These assets are surrounded by some of the metro’s primary job/retail cores, such as AUM, Baptist Health, and The Shoppes at Eastchase. With value add potential across the board and strong locations, the Midtown Montgomery Portfolio is in a prime position for growth for the next investor.
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Midtown Montgomery Portfolio (2 properties, 512 units)
Arbor Station
288 Units
2495 Meadow Ridge Lane
Montgomery, AL  36117
Type: Conventional
Closed: 5/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, Hawthorne Willowbrook apartment community. Delivered in 2000, Hawthorne Willowbrook is located on the cusp of Greenville’s "Industry Triangle" with several of the county’s largest employers (10,500+ jobs) located just minutes from the property. Residents of Hawthorne Willowbrook enjoy seamless access to the premier retail in an area defined by an exceptional demographic base, including an average HHI of over $89,000 within a 3-mile radius. Bolstered by steady operations, the property is poised to bridge the average +$180 delta in effective rents to market competitors through a multi-pronged, proven value-add initiative.
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Hawthorne Willowbrook
144 Units
130 Willow Forks Drive
Simpsonville, SC  29681
Type: Conventional
Closed: 5/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 512-unit Midtown Montgomery Portfolio located in the desirable East submarket of Montgomery, Alabama. East Montgomery offers direct connectivity to Downtown, and is producing the bulk of Montgomery’s development. The metro experienced strong economic growth in 2016, bringing in $411M of capital investment and 2,000 new jobs. These assets are surrounded by some of the metro’s primary job/retail cores, such as AUM, Baptist Health, and The Shoppes at Eastchase. With value add potential across the board and strong locations, the Midtown Montgomery Portfolio is in a prime position for growth for the next investor.
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Midtown Montgomery Portfolio (2 properties, 512 units)
Stratford Village
224 Units
2000 London Town Lane
Montgomery, AL  36117
Type: Conventional
Closed: 5/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit, Ashton Oaks apartment community located in Winston-Salem, NC. The asset is situated one mile from the city’s top employer, Wake Forest University, in the desirable North Winston-Salem submarket, boasting a renter population of 84%. Built in 1988, Ashton Oaks offers an outstanding opportunity for an impactful 38% boost to NOI through multiple revenue streams including a water/sewer submetering program and a proven value-add initiative.
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Ashton Oaks
288 Units
2030 Northcliffe Drive
Winston-Salem, NC  27106
Type: Conventional
Closed: 5/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Mills at 601 and Havenly Park Villas, 192-units located in the rapidly-expanding and sought-after submarket of Prattville, Alabama. Prattville has benefited from strong schools and its proximity to Alabama’s capital city, Montgomery. Both properties are in the 3-year run-off period of the LIHTC program and are poised to generate robust returns upon exit. Built between 1995-97, the properties present an outstanding opportunity to invest in value-add assets through LIHTC exit and strategic positioning within a budding submarket.
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The Mills at 601 & Havenly Park Villas (2 properties, 192 units)
Havenly Park Villas
56 Units
2002 Summit Parkway
Prattville, AL  36066
Type: Conventional
Closed: 5/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit, Heron Lake apartment community. Delivered in 2008, Heron Lake is located in the heart of northern Richland County’s path of growth. Residents of Heron Lake enjoy seamless access to the premier retail and employment in an area defined by an exceptional demographic base including an average HHI of over $84,000 within a three-mile radius. Bolstered by large floor plans and outstanding amenities, the property is poised to bridge the +340 delta in effective rents to market competitors through a market-supported value-add initiative.
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Heron Lake
216 Units
1340 North Brickyard Road
Columbia, SC  29223
Type: Conventional
Closed: 5/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Mills at 601 and Havenly Park Villas, 192-units located in the rapidly-expanding and sought-after submarket of Prattville, Alabama. Prattville has benefited from strong schools and its proximity to Alabama’s capital city, Montgomery. Both properties are in the 3-year run-off period of the LIHTC program and are poised to generate robust returns upon exit. Built between 1995-97, the properties present an outstanding opportunity to invest in value-add assets through LIHTC exit and strategic positioning within a budding submarket.
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The Mills at 601 & Havenly Park Villas (2 properties, 192 units)
The Mills at 601
136 Units
601 McQueen Village Road
Prattville, AL  36066
Type: Conventional
Closed: 5/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit, 1990-built York Ridge apartment community located in one of Charlotte’s fastest growing submarket. Situated off of a major thoroughfare and bound by an abundance of employment and retail destinations, York Ridge provides a desirable, connected suburban location. York Ridge is perfectly positioned to capitalize on Charlotte’s prolific economic development and North Pineville’s projected rent growth providing new ownership the opportunity to expand upon the property’s exceptional operations and high occupancy levels. This superb asset provides new ownership the opportunity to boost revenue via cosmetic value-add initiatives to meet submarket competitors.
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York Ridge
240 Units
13001 York Ridge Drive
Charlotte, NC  28273
Type: Conventional
Closed: 5/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 272-unit Bedford Park apartment community located in northeast Atlanta, DeKalb County, Georgia. This asset is situated along the prolific I-85 northeastern corridor and is strategically surrounded by Atlanta’s largest employment centers. Built in 1966, Bedford Park is poised for future rent growth through a market-supported value-add program.
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Bedford Park
272 Units
2739 Shallowford Road
Chamblee, GA  30341
Type: Conventional
Closed: 5/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Heights, 164 Class A+ units located within Alabama’s capital city of Montgomery, Alabama. The Heights truly embodies its name and is the pinnacle of apartment living in Downtown Montgomery, offering an irreplaceable riverfront location with urban walkability. The community is enveloped by some of the metro’s top job drivers, within 5 minutes from the Central Business District, Maxwell Air Force Base, and I-65. Montgomery itself has generated nearly $600 Million in capital investment and 2,700+ new jobs over the past two years. As the urban core continues to re-surge with new development, The Heights will benefit from a growing flow of millennial renters looking for a live-work-play atmosphere. There is a substantial lack of Downtown apartment supply, with zero units planned or under construction and Downtown living options being limited to boutique lofts.
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The Heights
164 Units
605 Maxwell Boulevard
Montgomery, AL  36104
Type: Conventional
Closed: 5/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 16-unit 1294 Piedmont apartment building located in Atlanta, Fulton County, Georgia. This asset is situated across the street from Piedmont Park and the Atlanta Botanical Garden in the heart of Midtown. Highly walkable, Midtown has the highest density of art and cultural institutions in the Southeast, and its network of transit options, easily navigable streets, and well-lit sidewalks make walking and biking easy. Freshly modernized with luxury finishes, 1294 Piedmont represents a rare opportunity to invest in one of the most elite areas of Atlanta.
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1294 Piedmont
16 Units
1294 Piedmont Avenue
Atlanta, GA  30309
Type: Conventional
Closed: 5/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 66-unit Rio Vista apartment community located in close-in northeast Atlanta, DeKalb County, Georgia. This asset is situated along I-85N, less than 2 miles southeast of Buckhead, 1 mile east of Lindbergh, and 2 miles northwest of Emory’s ‘Eds & Meds’ employment corridor as well as the Briarcliff/North Druid Hills neighborhoods. Built between 1966-1973, this boutique asset presents a rare opportunity to collect long-term ROI in one of Atlanta’s most popular and thriving communities.
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Rio Vista
66 Units
2716 Buford Hwy NE
Brookhaven, GA  30324
Closed: 5/15/2019
Available Together or Separately

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire together or separately two core, suburban infill, garden apartment assets in Miami, Florida – Doral View and Town Fontainebleau Lakes. Both properties are each 360-units in 3-story garden design, which has become an increasingly rare and thinly traded building type due to available land. Completed in 2014 and 2016, Doral View and Town Fontainebleau Lakes were developed with the highest design standards. Both properties feature a mix of one-, two- and three-bedroom residences with expansive, state-of-the-art amenities and finish levels. Further, the properties have unmatched visibility with their location along the Dolphin Expressway and its 122,000 cars daily. This highway adjacent location has driven strong, qualified renter traffic seeking excellent connectivity to nearby major employment centers including Doral, Blue Lagoon, Florida International University (FIU), and downtown Miami.

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Doral View & Town Fontainebleau Lakes (2 properties, 720 units)
Doral View
360 Units
901 NW 97th Avenue
Miami, FL  33172
Closed: 5/14/2019
Closed above asking price in just 30 days!
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Reyal Apartments
17 Units
2311 U Street
Sacramento, CA
Closed: 5/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 684-unit Canopy apartment community located in Norcross, Gwinnett County, GA. This asset, situated along the rapidly expanding, and thriving I-85 Pathway of Progress, has 78% of its units renovated with upscale finishes and best-in-class, in-demand amenities. With the heavy lifting already complete, the next owner has an attractive, well-managed canvas to make additional enhancements to increase ROI. Built in 1987, Canopy represents an outstanding opportunity to invest in Northeast Metropolitan Atlanta’s premier expansion market of Gwinnett County, one of the fastest growing counties in the nation for more than two decades.
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Canopy
684 Units
1635 Pirkle Road
Norcross, GA  30093
Type: Conventional
Closed: 5/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit, Hawk Ridge apartment community in Winston-Salem, NC. Built in 1998, the property offers new ownership significant income upside from completion of a proven unit interior renovation program, and potential for a market-supported second phase of upgrades to push rents. Firmly cemented in a top-tier school system and demographic region ($90,000 HHI 3-mile radius), Hawk Ridge offers seamless connectivity by way of I-40 and US-158 to the premier retail and major employers of Winston-Salem - a metro defined by continued growth and a dwindling unemployment rate.
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Hawk Ridge
168 Units
400 Hawk Ridge Drive
Winston-Salem, NC  27103
Type: Conventional
Closed: 5/9/2019

Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Avana Cypress Creek, a 220 unit multifamily asset located in Broward County. The property was delivered in 2009 at the start of the current development cycle. The property represents a first generation value-add opportunity with a continuation of a light renovation program enhancing unit interiors. Current ownership has started renovating the units and is achieving average premiums of $70. With well-designed floorplans and direct-access garages in 36% of the units, Avana Cypress Creek is poised to better compete with the newer assets which were recently delivered in the market. The current upgrades include vinyl-plank flooring, backsplash, Nest thermostats and other in-unit upgrades. The property is located adjacent to Florida’s Turnpike, providing excellent exposure and connectivity to South Florida’s largest employment centers of Cypress Creek, Sunrise, Plantation and Boca Raton.

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Avana Cypress Creek
220 Units
1700 South State Road 7
North Lauderdale, FL  33068
Type: Conventional
Closed: 5/8/2019