Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Victoria Place
36 Units
831 Forrest Drive
Newport News, VA  23606
Sold
Villa Azure
624 Units
Los Angeles, CA
Sold
Villa de Anza
120 Units
Cupertino, CA

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Villa Esta, a 28-unit apartment building located in San Leandro, California. Situated within walking distance of the San Leandro BART station and immediately proximate to Interstates-880 and -580, the Property offers market proven value-add potential with strategic access to the San Francisco Bay Area’s most notable employers.

Current ownership has self-managed Villa Esta for approximately 40 years. Completed capital improvement projects include: seismic retrofit, elevator mechanical systems replacement, resurfacing of driveways/parking stalls and partial roof replacement.

Villa Esta provides the unique opportunity to acquire a sizeable value-add property situated in a preferred inner East Bay community. No units at the Property have been updated to modern finishes – 1 bedroom and 2 bedroom rents average $1,201 and $1,400, respectively. Meanwhile, rehabbed 1 bedroom rents in the immediate area command rents up to $2,150 and renovated 2 bedroom units lease for upwards of $2,395. With three vacancies and 25 month-to-month leases, investors can execute on the neighborhood’s market proven value-add strategy and quickly unlock Villa Esta’s tremendous upside potential.

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Villa Esta
28 Units
355 Estabrook Street
San Leandro, CA  94577
Type: Conventional
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Village Grove
104 Units
Corona, CA
Sold
Village Oaks
280 Units
Chino Hills, CA
Sold
Village on the Lake
160 Units
9200 N MacArthur Blvd
Oklahoma City, OK  73132
Type: Conventional
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Vines Apartments
36 Units
1119 NW 82nd Street
Oklahoma City, OK  73114
Type: Conventional
*****Sold*****
    Value-add opporuntity in the vibrant West Side Neighborhood of St. Paul
    • Property boasts a walk score of 80 with a variety of shops and restaurants in close proximity
    • Current rents are roughly 15%-20% below market
    Excellent location, 1 mile south of Downtown St. Paul
    • Located minutes from Harriet Island and next door to the Wabasha Street Caves
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Wabasha Apartments
20 Units
424 Wabasha Street South
St. Paul, MN  55107
Type: Conventional
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Walden Pond Apartments
316 Units
Everett, WA
Sold
Emerald Green Portfolio (3 properties, 100 units)
Wardall Apartments
36 Units
2996-3000 Wardall Ave
Cincinnati, OH  45211
Type: Conventional
Sold
Waterstone at Glendale
78 Units
Glendale, CA
Sold
Waterstone at Moorpark
312 Units
4767 Moorpark Avenue
Moorpark, CA
Sold
Watterson Lakeview Apts
184 Units
3703 W Wheatmore Dr
Louisville, KY  40215
Type: Conventional
Incredible ALF development opportunity position at the entrance to WCI's exclusive Pelican Preserve active adult community. Site enjoys superb access and is proximate to shopping, employment and numerous demand generators. This property is one of multiple land parcels that can be acquired from the same seller individually or as a portfolio. Additional portfolio information is available from C&W.
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WCI - Pelican Preserve ALF Site
   
Fort Myers, FL
Electronically sign the Confidentiality Agreement to gain access to the online package. Site Tours: August 14, 21, 28 & September 6 & 11, 2007 Offers Due: Wednesday, September 19, 2007 Call Jim Jarrell 404-853-5275 or David Gutting 404-853-5228 to discuss/schedule tour.
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Wendover at River Oaks
216 Units
1 River Oaks Drive
Greensboro, NC  27409
Type: Conventional
Sold
West Bay Apartments
240 Units
4711 Bay Run Dr
Columbus, OH
Sold
West Chester Development Site
308 Units
5623 West Chester Rd
West Chester, OH  45069
Sold
Westcourt
515 Units
Colton, CA
Cushman & Wakefield San Antonio Commercial Advisors is pleased to announce the closing of Western Trails, a 99 unit apartment community located in Southwest Austin.
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Western Trails
99 Units
2422 Western Trails Blvd
Austin, TX  78745
Sold
Westminster Court
64 Units
1225 Westminster St
St. Paul, MN  55130
Type: Conventional
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
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Whispering Wind
40 Units
360 Church St
Newtown, OH  45359
Type: Conventional
Williams Gateway is a 72-unit, two-story, garden-style complex built in 1982. It is comprised of 6 rental buildings with stucco frame construction and pitched tile roofs. This well maintained property is individually metered for utilities. Property amenities include a stand alone rental office, swimming pool, laundry facility, dog park, community BBQ and outdoor dining space.
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Williams Gateway
   
5850 S. Power Road
Gilbert, AZ  85295