The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 330-unit, 200 East apartment community located in Durham, NC. This asset is situated in the rapidly expanding East Durham submarket. 200 East is located in one of the most sought-after geographies through the lens of investors and residents alike, just minutes from Research Triangle Park, the world renowned research campus, home to 300+ companies and Fortune 500 powerhouses. This rare opportunity provides investors access to an exceptional asset with a highly attractive tenant base, and the ability to achieve premiums of $151+ through an interior renovation initiative and operational efficiency, on an already high caliber performing asset.

Closed: 1/31/2025

200 Edinborough Drive
Durham, NC 27709

Closed: 1/30/2025

The Cushman & Wakefield Land Advisory Group is pleased to present The Coves at Lake Wylie, the last remaining large scale development opportunity within The Palisades master planned development. The site will be delivered at closing fully permitted for a 499-lot lakefront residential community, with approval of the Land Disturbance Permit (LDP) expected in Q3 of 2024.

Key Features Include:

Meticulously designed with a diverse product mix: 167 (50’) lots, 188 (40’) lots, 10 lakefront lots, 134 (24’ & 26’) townhome lots, and the opportunity to build an unmatched 3-acre lakefront amenity
Mitigated offsite improvements
The Palisades offers a wider range of amenities than any other neighborhood in Charlotte, as residents have access to a Jack Nicklaus designed golf course, sports complex, equestrian center, and more, all while being on the second largest lake in the Charlotte area
Convenient access to top schools, national retailers, grocers, fast-casual, & local favorite restaurants, all while only a 30-minute drive to Charlotte’s city center

The Coves at Lake Wylie is truly a unique homebuilding opportunity and one of the last of its scale still available in this explosive-growth city.

17440 Landover Rd
Charlotte, NC 27705

The Coves at Lake Wylie

129.67 Acres

Closed: 1/30/2025

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Nine50 Town Lake at Midtown apartment community located in Brazos County, College Station, Texas. This asset is situated in the rapidly-expanding southeast area of College Station. Built in 2023, Nine50 Town Lake at Midtown offers an outstanding opportunity to invest in an asset with an assumable HUD loan within an area characterized by scarce supply and highly favorable demographics.

Nine50 Town Lake at Midtown

264 Units

950 Town Lake Drive
College Station, TX 77845

Closed: 1/29/2025

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is delighted to introduce the exclusive listing of Signal Hill, a 122-unit community situated in Statesville, NC. This property enjoys immediate access to both interstate I-77 and I-40, positioning it strategically amidst three thriving economic centers: Charlotte, Winston Salem, and Greensboro. Nestled within the Mooresville/Statesville submarket, Signal Hill provides convenient proximity to major retailers, an emerging historic Downtown area, and upcoming economic development. Built in 1974, Signal Hill arrives to the market primed for new ownership to implement an attractive value-add campaign. With $150+ rental premiums, the property possesses the potential for organic growth and an additional 16% increase in Net Rental Income over the T12.

138 Signal Hill Drive
Statesville, NC 28625

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit Willington Lakes apartment community located in Orangeburg, SC. This asset is situated in between the booming metro areas of Charleston and Columbia, SC just off I-26, and has welcomed over $221M in capital investments over the past 24 months along with 1,150 new jobs. The property will benefit from continued rent growth with recent leases being signed $46 over the most recent rent roll. Additionally, a new owner has the ability to assume the current in-place loan with 7 months remaining IO at a 3.87% interest rate. Built in 2002, Willington Lakes offers an outstanding opportunity to invest in a thoughtfully maintained asset primed for a Class-A value-add program. Current ownership has spent over $1.2M on capital improvements at the property leaving plenty of headroom for a new owner to achieve significant premiums through an interior value-add program.

Closed: 1/27/2025

401 Willing Lakes Court
Orangeburg, SC 29118

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 99-unit North Chase apartment community located in Wilmington, NC. This asset is situated in a highly sought after pocket of Wilmington, which is characterized by a growing population, rising home values, and exceptional universities. The immediate area surrounding the property is comprised of college educated renters (34%) that are 58% white-collar and average +$72K in median household income. Residents of North Chase have instant access to the New Centre Market & University Centre retail corridor , which provides a plethora of retail, entertainment, and lifestyle amenities just a short drive from the asset. The fruitful industries of manufacturing, technology, and banking ground the Wilmington economy, which is experiencing a major economic boom as economic drivers continue to announce plans to move to/expand in the area. Current ownership has invested over $1.5M in capital expenditures since 2018, and have an in place renovation program that yields $125+ premiums over classic units.

Closed: 1/17/2025

3119 Enterprise Drive
Wilmington, NC 28405

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 365-unit Chroma Park apartment community located in Cobb County/Austell, GA. Chroma Park was constructed in two phases. Built in 1996, Chroma Park West (Phase 1) encompasses 155 units. Chroma Park East (Phase 2) was built in 1999 and comprises 210 units. With exceptional connectivity, off I-285 and the East-West Connector, Chroma Park benefits from the ample employment opportunities across the Platinum Triangle, Perimeter Center, Midtown & Downtown Atlanta, all of which lie within a 30-minute drive. With limited supply, increased population growth, high occupancy and municipal barriers to new multifamily development, the Cobb County market is primed for continued growth. The area surrounding Chroma Park boasts impressive demographics, including a household income of over $89K and a highly competitive single family housing market. Chroma Park presents a unique opportunity to acquire a well-located asset with a blueprint value-add program in-place. New ownership can drive NOI by bringing 80% of the property to an upgraded finish level.

Closed: 1/16/2025

2105 Mesa Valley Way
Austell, GA 30106

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 236-unit Blankenbaker Crossings apartment community located in Louisville, KY. This asset is strategically located at the Blankenbaker interchange, just one mile from I-64 and less than three miles from the I-64 and I-265 interchange. The property joins two of Louisville’s largest employment facilities, Blankenbaker Station Business Park and Bluegrass Commerce Park, with have a combined size of over 2K acres. Additionally, this close proximity to major arteries provides easy access to Downtown Louisville and Louisville’s Health District. The surrounding area boasts an average HHI of over $124K with expected growth of more than 15% by 2027. An abundance of retail is readily available to residents with over 6.3M SF in a three-mile radius.

Closed: 1/14/2025

2515 Shining Water Drive
Louisville, KY 40299

Blankenbaker Crossings

236 Units

The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 134-unit Teakwood Village apartment community located in Baton Rouge, LA. Situated in a thriving metro area, renowned for its prestigious healthcare network and ongoing corporate growth, the property benefits from an abundance of job opportunities, favorable demographics and growing single family housing market. The East Baton Rouge Parish is experiencing a constrained multifamily pipeline with limited future supply as there are currently zero properties under construction within a 5-mile radius of Teakwood Village. Built in 1975, with 52 renovated units (39% of the property), Teakwood Village represents an outstanding opportunity to invest in a textbook value-add asset with the potential for significant future rent growth.

Closed: 1/9/2025

515 Gardere Lane
Baton Rouge, LA 70820

Closed: 1/2/2025

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 150 West, a 201-unit apartment community located in Mooresville, NC. The asset is conveniently situated within a submarket that boasts outstanding demographics ($141k avg HHI, 71% white collar population). The property benefits from having close access to a plethora of lifestyle amenities & big box retailers (Lake Norman, YMCA, Walmart, Mooresville Crossing) and a direct avenue to Highway 150 & I-77 providing easy connectivity to the region. Built in 1999, 150 West represents an outstanding opportunity to invest in the desirable Lake Norman/Mooresville submarket with a highly educated tenant base (77% college educated) and consistent occupancy amid persistent rent growth (15% projected through 2029). Upon completion of the value-add program, new ownership has the opportunity to renovate units to a Class A level and further bridge the gap between the property and surrounding new product ($400+ rental headroom), thus cementing 150 West as the top middle market option in the market.

130 Nile Circle
Mooresville, NC 28117

Closed: 12/20/2024

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of The Heights at Knollwood Crossing, a 192-unit apartment community located in Hamilton, Ohio within the Cincinnati MSA. This asset is situated near major employers and abundant big box retail and restaurants. Built between 2004 and 2006, the property offers an outstanding opportunity to obtain a high demand, well-maintained and operated asset with a fixed rate assumable HUD loan. Additionally, revenue can be optimized by modernizing all units, initiating bill-back for water, sewer, and trash, and introducing sought-after amenities.

Adjacent Property Also Available For Sale
(Same Owner)

Knollwood Crossing Phase I
240 Units

Heights at Knollwood Crossing

192 Units

3298 Reflection Pointe
Hamilton, OH 45011

Cushman & Wakefield is pleased to offer for sale the Copper Point Apartments, 107-unit apartment community located in Mesa, Arizona. Built in 1986 Copper Point offers a mix of large one and two bedroom floor plans featuring attractive kitchens, patios or balconies, in unit washer /dryers or hook-ups, fireplaces, full size garages and individual HVAC units. Select units offers vaulted ceilings, clerestory windows, upgraded kitchens and bathrooms and wood plank style flooring. Community amenities include: a large pool and spa area, attractive landscaping, central laundry facility and access to an adjacent biking / walking path. Copper Point has been under the same ownership since 1996 and while the current owners has done and excellent job maintaining the asset there is an exceptional opportunity to add value through a program of updating unit interiors and enhancing existing amenities. Copper Point is being offered on a free and clear basis allowing investors to bring in new financing tailored to their specific investment goals.

Closed: 12/19/2024

1111 E Brown Road
Mesa, AZ 85203

Copper Point Apartments

107 Units

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Lory of Hoover apartment community located in Birmingham, AL. This asset is situated less than a mile south of the I-459 and I-65 Interchange, allowing residents to experience convenient access to all of Birmingham’s employment opportunities, retail amenities, and leisure activities. The asset exited its LIHTC program in 2020 and allows the next investor to implement a value-add campaign and further boost rents. Built in 1974, Lory of Hoover offers an outstanding opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.

Closed: 12/18/2024

2149 Emerald Pointe Drive
Hoover, AL 35216

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Cityscape apartment community located in Houston, Texas. Situated in the rapidly-expanding southern part of Houston, this 2022-built property emphasizes superior construction standards and premium amenities. The Property’s close proximity to the growing Texas Medical Center and other surrounding job hubs ensures steady demand. Cityscape represents an outstanding opportunity to invest in a newly-built asset with an irreplaceable, assumable HUD loan.

Closed: 12/18/2024

13351 Cityscape Ave.
Houston, TX 77047

Closed: 12/17/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of WILLIS Avondale Estates, a 197-unit mixed-use development in the thriving Avondale Estates Entertainment District. This is an excellent opportunity to acquire an exceptional asset with a unique tax abatement offered significantly below replacement cost. Avondale Estates is an affluent node of Decatur, offering an excellent blend of authenticity and culture through its historic charm and collection of restaurants and breweries, while also providing extremely high barriers to entry. WILLIS Avondale Estates is directly adjacent to Downtown Decatur’s curated 426K+ SF of destination retail and five Michelin recommended restaurants, as well as the MARTA Avondale station. In addition, this asset is situated near Atlanta’s prolific Ed’s and Med’s Corridor, with 40K+ medical jobs and $15B+ in annual economic impact and convenient access to ~360K jobs.

2700 E. College Avenue
Decatur, GA 30030

WILLIS Avondale Estates

197 Units

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit Sedgefield Apartments located in Winston-Salem, NC. This asset is situated in the rapidly growing North Winston-Salem submarket, and benefits from continued expansion of the manufacturing and distribution industries. The property is ideally located with streamlined access to the area’s top employers, including Wake Forest University and the groundbreaking Toyota Greensboro-Randolph Megasite. Built in 1987, Sedgefield offers an outstanding opportunity to invest in an asset with significant growth potential through the in-place value-add program, where renovated units yield $170+ premiums over classic units.

Closed: 12/17/2024

4755 Country Club Road
Winston-Salem, NC 27104

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit Portico at Lanier apartment community located in Gainesville, Hall County, Georgia. As the destination for numerous new large-scale developments, Gainesville has seen steady rent and job growth in the past 10 years. With recently refreshed amenities and exteriors, Portico at Lanier is well positioned for significant rent growth in this supply-constrained multifamily submarket. A new owner can boost income with interior improvements, achieving peak premiums by upgrading the remaining classic and partially renovated units to the seller’s fully renovated level or upgrading 100% of units to an elite level. Built in 2004, Portico at Lanier represents an outstanding opportunity to invest in a proven value-add asset located in a flourishing Atlanta suburb, well below replacement cost, estimated to be in excess of $268K/door.

Closed: 12/13/2024

1750 Columns Drive
Gainesville, GA 30504

The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 161-unit The Local on Severn apartment community located in New Orleans’ most affluent neighborhood. This asset is situated off of I-10, just before Lake Pontchartrain and adjacent to Lakeside Shopping Center, giving residents prime access to major New Orleans, Metairie, Slidell and Covington employers. With minimal supply in the area, the property is primed for future rent growth. Built in 1974 and renovated in 2018, The Local on Severn represents an outstanding opportunity to invest in a value-add opportunity in a prime location with strong submarket fundamentals.

Closed: 12/12/2024

3409 Severn Avenue
Metairie, LA 70002

Closed: 12/10/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Printing Press Lofts – 21 fully renovated units located in the heart of Historic Downtown Montgomery, AL. Redeveloped in 2013, The Printing Press Lofts now boasts full interior, exterior and amenity renovations. The asset provides residents convenient access to employment hubs and walkability to top-tier dining and entertainment venues off Commerce Street and Fountain Square. Arriving to market with impressive performance (98.2% T12 avg. occ.), The Printing Press Lofts offers new ownership an outstanding opportunity to acquire a heavily capitalized, desirably located asset with excellent trends in place.

215 North Court Street
Montgomery, AL 36104

The Printing Press Lofts

21 Units

6407 E 163rd St
Belton, MO 64012

Closed: 12/6/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Encore, a 322-unit, 2023-built apartment community located in the burgeoning suburb of Kansas City, Belton, MO, which has seen 6.5% population growth over the past three (3) years. Strategically located less than 1/2 mile from Interstate 49, Encore offers residents premier access to local jobs and amenities, situated less than 25 minutes from Downtown Kansas City (120K+ jobs). With top-tier finishes and a community-driven, sophisticated amenity package that rivals any asset in the MSA, Encore is seen as one of the premier properties in all of Kansas City. The forthcoming investor is also set to benefit from Belton’s expansive growth, evident in the asset’s leasing trends, as the last two (2) leases signed per floorplan are achieving an average 5.7%+ increase over in-place effective rents. Encore represents the rare opportunity to acquire a top-tier multifamily asset with explosive, organic upside.

Encore is under a PILOT tax abatement, with a fixed annual property tax schedule through 12/31/2041.

Posted: 7/19/2024

Cushman & Wakefield is pleased to present for sale, R7 Lofts, a 48-unit multifamily property located in the heart of Lowertown/Art’s District of Downtown St. Paul.

Newly converted to apartments in 2019, R7 Lofts is a historic, turn-of-the-century building offering oversized one, two, and three- bedroom loft-style luxury units. Each apartment is equipped with SMART technology features, has central air conditioning, custom shades and blinds, a designer lighting package, full-sized washer and dryer, stainless steel appliances, and quartz countertops.

The property also features high-end community amenities including a business center, car wash, fitness center, pet wash, roof deck, rooftop lounge, among others.

R7 is located in the Lowertown/Art’s District of Downtown St. Paul. A vibrant artists' quarter with a Walk Score of 97, residents at R7 Lofts are within walking distance to Lunds & Byerlys, dozens of breweries, restaurants, and CHS field. In addition, the property is close to the Mississippi River, major freeways, public transportation, and both St. Paul and Minneapolis’ Central Business Districts.

R7 Lofts represents a prime opportunity to acquire brand new, high-end apartments at a steep discount to replacement cost.

133 E 7th Street
St. Paul, MN 55101

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 281-unit Union at Cooper Hill apartment community located in Birmingham, AL. This high performing asset (95%+ T12 Occ.) is situated off Montclair Road which runs through one of the wealthiest suburbs in the state of Alabama. Built in five phases between 1964-1998, the property has undergone more than $5M on both interior and exterior renovations. Due to all of the units not currently being renovated to the same level, the next investor is presented with the opportunity to grow the bottom line NOI by finish out these renovations and beginning to implement new incomes. New ownership is offered the opportunity to acquire a high performing, quality physical plant well below replacement cost.

Closed: 12/4/2024

1522 Cooper Hill Rd
Birmingham, AL 35210