The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 60-unit, two-property portfolio of Georgian Terrace and Chestnut Hill apartment communities located in Marietta, Georgia. These assets are situated in northwest suburban Atlanta, Cobb County, home to thriving employers such as Lockheed Martin, Dobbins Air Reserve Base, and Kennesaw State University. Built in 1967 and 1968, Georgian Terrace and Chestnut Hill are primed for value-add repositioning and long-term returns in a thriving submarket.
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Georgian Terrace & Chestnut Hill (2 properties, 60 units)
Chestnut Hill
40 Units
246 Chestnut Hill Road SW
Marietta, GA  30064
Closed: 12/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 60-unit, two-property portfolio of Georgian Terrace and Chestnut Hill apartment communities located in Marietta, Georgia. These assets are situated in northwest suburban Atlanta, Cobb County, home to thriving employers such as Lockheed Martin, Dobbins Air Reserve Base, and Kennesaw State University. Built in 1967 and 1968, Georgian Terrace and Chestnut Hill are primed for value-add repositioning and long-term returns in a thriving submarket.
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Georgian Terrace & Chestnut Hill (2 properties, 60 units)
Georgian Terrace
20 Units
1565 Austell Road SE
Marietta, GA  30008
Type: Conventional
Closed: 12/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 12-unit Shady Oaks apartment community located in the desirable Midtown submarket of Montgomery, Alabama. The asset offers direct connectivity to Downtown and Eastchase. Benefiting from a strong manufacturing economy, the metro has garnered more than $1 Billion of capital investments and 7,000+ jobs over the past three years. Shady Oaks is 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 in a desirable submarket, Shady Oaks is in a prime position for growth for the next investor.
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Shady Oaks
12 Units
545 Eastdale Road South
Montgomery, AL  36117
Closed: 12/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 215-unit, Trailside at Reedy Point apartment community located in Greenville, SC. Embedded in one of the most vibrant and walkable areas of Downtown Greenville, Trailside at Reedy Point sits in close proximity to top employment centers, poised to capitalize on the large investments that have helped revitalize the downtown area. With rapid job expansion, employment growth of 14% since 2013, and one of the leading jobs-to-class A supply ratios in the Southeast, Trailside at Reedy Point is poised to capitalize on Greenville’s already impressive 27% rent growth since 2012.
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Trailside at Reedy Point
215 Units
200 South Academy Street
Greenville, SC  29601
Type: Conventional
Closed: 12/11/2019
Well-Maintained Asset with Updated Amenities

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Princeton Parc, a 200-unit, value-add garden community in West Melbourne, Florida. Completed in 2003, the property features a two-story, concrete block design with direct access units. The property features some of the largest floorplans in the submarket at 1,154 square feet on average. Princeton Parc’s location within West Melbourne is a magnet for employees working in the growing aerospace and tech space. The property is less than one mile from I-95 and provides a short commute to the area’s largest employers including Health First, Harris Corporation, Northrop Grumman, Lockheed Martin and Patrick Air Force Base.

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Princeton Parc
200 Units
4714 Crosswind Court
Melbourne, FL  32904
Closed: 12/10/2019
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the listing of the 56-unit Spanish Villas apartment community located in South Daytona, Florida. Spanish Villas offer a Value-Add opportunity to renovate 100% of the units, raise effective rents $173/unit, and earn a 17% return-on-investment after implementation of the proposed renovation plan.

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Spanish Villas
56 Units
1648 S. Palmetto Avenue
South Daytona, FL  32119
Type: Conventional
Closed: 12/10/2019

We're happy to present Stoneridge East and Bedrock East Apartments, a two property portfolio totaling 54 units located on Queen City Ave in Cincinnati. The properties are less than a ½ mile from each other and have been very well maintained by original owners family who built the properties. Great location near major retail and only a 15 minute drive to Downtown Cincinnati or to University of Cincinnati and major medical facilities.

Please contact Don Murphy or Jordan Murphy for the full Offering Memorandum.

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Stoneridge & Bedrock East (2 properties, 54 units)
Bedrock East
24 Units
3000-3010 Queen City Ave
Cincinnati, OH  45238
Type: Conventional
Closed: 12/9/2019
Sold
Maplewood
54 Units
315 College Drive
Hanceville, AL  35077
Closed: 12/9/2019

We're happy to present Stoneridge East and Bedrock East Apartments, a two property portfolio totaling 54 units located on Queen City Ave in Cincinnati. The properties are less than a ½ mile from each other and have been very well maintained by original owners family who built the properties. Great location near major retail and only a 15 minute drive to Downtown Cincinnati or to University of Cincinnati and major medical facilities.

Please contact Don Murphy or Jordan Murphy for the full Offering Memorandum.

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Stoneridge & Bedrock East (2 properties, 54 units)
Stoneridge East
30 Units
2767-2771 Queen City Ave.
Cincinnati, OH  45238
Type: Conventional
Closed: 12/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
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TN Value-Add 5 Portfolio (5 properties, 667 units)
Papermill Square
140 Units
3820 Papermill Square Road
Knoxville, TN  37909
Type: Conventional
Closed: 12/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
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TN Value-Add 5 Portfolio (5 properties, 667 units)
Poplar Village
101 Units
1414 Poplar Avenue
Murfreesboro, TN  37129
Type: Conventional
Closed: 12/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
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TN Value-Add 5 Portfolio (5 properties, 667 units)
Ridgeside
148 Units
6320 Hixson Pike
Hixson, TN  37343
Type: Conventional
Closed: 12/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
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TN Value-Add 5 Portfolio (5 properties, 667 units)
The Hermitage
228 Units
189 Old Hickory Boulevard
Jackson, TN  38305
Closed: 12/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
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TN Value-Add 5 Portfolio (5 properties, 667 units)
Whispering Oaks
50 Units
1985 Campbell Street
Jackson, TN  38305
Closed: 12/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 120-unit Ormond Plantation apartment community located in Metro New Orleans in Destrehan, LA. This highly desirable submarket is a quaint New Orleans suburb located along the Mississippi River and has virtually no competing multifamily properties. With over $2.35M ($19K+ per unit) in strategic capital improvements and renovations spent in the last four years, prior ownership upgraded every aspect of the property, allowing new ownership the opportunity to focus on a minor value-add program. The property repositioning has bolstered its performance, highlighted by 8.9% year-over-year income growth since April 2017. Ormond Plantation presents the opportunity to acquire one of the nicest assets in the Destrehan market.
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Ormond Plantation
120 Units
1952 Ormond Boulevard
Destrehan, LA  70047
Type: Conventional
Closed: 12/4/2019
Cushman & Wakefield’s Florida Multifamily Team, as exclusive marketing representative, is pleased to present The Vue at Belleair, Clearwater’s newest and most exciting luxury rental community. The Vue offers an investor the opportunity to participate at the top tier of one of the strongest submarkets in the Tampa MSA. As of mid-2019, The Vue is completing its initial lease-up and rapidly approaching stabilization. This property enjoys extraordinary highway visibility/access and is positioned just minutes from major employers and neighborhood amenities.
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Vue at Belleair
339 Units
1551 Flournoy Circle West
Clearwater, FL  33764
Type: Conventional
Closed: 12/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
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Ashley Woods & Whispering Woods (2 properties, 204 units)
Ashley Woods
96 Units
3900 Northside Drive
Macon, GA  31210
Type: Conventional
Closed: 11/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
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Ashley Woods & Whispering Woods (2 properties, 204 units)
Whispering Woods
108 Units
4411 Northside Drive
Macon, GA  31210
Type: Conventional
Closed: 11/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 269-unit The Reserve at Ridgewood apartment community located in Sandy Springs, Fulton County, Georgia, where 85% of the 2005-incorporated city's residential land allows for only detached, single-family homes. The Reserve at Ridgewood is located less than a mile NW of the North Springs MARTA Transit station, and offers desirable access to Roswell Road retail and best-in-metro access to Atlanta's top employment districts. The nearby Central Perimeter corporate center, home to the new Mercedes-Benz and State Farm corporate campuses, is Atlanta's largest job base with 33M SF of office and 135,000+ employed.
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The Reserve at Ridgewood
269 Units
7100 Roswell Road NE
Sandy Springs, GA  30328
Type: Conventional
Closed: 11/26/2019

Arbors at Evansville North/South are adjacent multifamily properties situated on 22 acres. The two communities combined have 271 units of both garden and townhome style residences. To achieve economies of scale and other cost sharing benefits, the current owner, a California-based private equity group, began running the properties together in the summer of 2016.

Arbors North is offered at $31,000 per unit / $4,600,000

Built in 1972, the majority of the units at Arbors North have original interior finishes and offer the new owner the opportunity to complete updates and achieve higher occupancy inline with the submarket, at 93%. Currently, Arbors North receives a 75% Assessed Value deduction which lowers the property real estate tax bill. In exchange for this deduction, the owner agrees that 75% of the units are leased by residents earning 80% or less of the area median income and at least 25% of the units are leased by resident earning 50% or less of the area median income. Up to 25% of the units may be leased with no income restrictions. The new owner of Arbors at Evansville can maintain the assessed value deduction and income restrictions or may opt out of the program and have no income restrictions.

Arbors South is offered at $33,000 per unit / $4,000,000

While originally constructed in 1963, In 2012/2013 Arbors South was fully renovated with new roofs, new windows, complete unit upgrades (including new cabinets, flooring, appliances, light fixtures, etc.), and additional common area upgrades. The portfolio is being offered free and clear, however Arbors South does have attractive assumable debt (Freddie Mac Loan, $3M+/- Balance, 4.56% interest rate, due in June of 2026)

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Arbors at Evansville (2 properties, 271 units)
Arbors at Evansville North
150 Units
1320 Lee Court
Evansville, IN  47714
Closed: 11/22/2019

Arbors at Evansville North/South are adjacent multifamily properties situated on 22 acres. The two communities combined have 271 units of both garden and townhome style residences. To achieve economies of scale and other cost sharing benefits, the current owner, a California-based private equity group, began running the properties together in the summer of 2016.

Arbors North is offered at $31,000 per unit / $4,600,000

Built in 1972, the majority of the units at Arbors North have original interior finishes and offer the new owner the opportunity to complete updates and achieve higher occupancy inline with the submarket, at 93%. Currently, Arbors North receives a 75% Assessed Value deduction which lowers the property real estate tax bill. In exchange for this deduction, the owner agrees that 75% of the units are leased by residents earning 80% or less of the area median income and at least 25% of the units are leased by resident earning 50% or less of the area median income. Up to 25% of the units may be leased with no income restrictions. The new owner of Arbors at Evansville can maintain the assessed value deduction and income restrictions or may opt out of the program and have no income restrictions.

Arbors South is offered at $33,000 per unit / $4,000,000

While originally constructed in 1963, In 2012/2013 Arbors South was fully renovated with new roofs, new windows, complete unit upgrades (including new cabinets, flooring, appliances, light fixtures, etc.), and additional common area upgrades. The portfolio is being offered free and clear, however Arbors South does have attractive assumable debt (Freddie Mac Loan, $3M+/- Balance, 4.56% interest rate, due in June of 2026)

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Arbors at Evansville (2 properties, 271 units)
Arbors at Evansville South (Stonebrook)
121 Units
3600 Covert
Evansville, IN  47714
Closed: 11/22/2019
Cushman & Wakefield San Antonio Commercial Advisors is please to exclusively offer the La Bella Apartments in San Antonio, TX. The asset consists of 24-units in three buildings with brick and cement composite exteriors.There are five different floor plans ranging from approximately 480 SF to 750 SF. La Bella Apartments represents an outstanding investment. Rents are below-market and there is currently no RUBS in place. With light interior and exterior renovations, and based on a five-year hold, the asset offers potential returns of 14% cash-on-cash and an IRR of 18%. The 11 units on Club Drive were built in 1960 with concrete slab foundations and flat roofs. Central HVAC is provided by roof-mounted condensing units and gas furnaces, and the owner pays the master-metered gas. The gas boiler providing hot water for all 11 units is only 3-4 years old. The 13 units on Fredericksburg were built in the 1930's with pier-and-beam foundation and pitched composition shingle roofs. It has window AC units and electric wall-mounted heat. Natural gas is individually-metered and paid by the tenants. The four small one-bed units share a single gas water heater, as do the laundry room and the two efficiency units above it. Each remaining unit has its own gas water heater. All roofs were replaced in the last three years. Electricity is individuallymetered, and all electrical wiring is copper. Natural gas services all stoves and the dryers in the laundry room, and rents include water. Common amenities include a central, gated swimming pool area, an onsite management office and a clothes care facility. There is also plenty of covered parking, continuously monitored by the digital surveillance system. Unit interiors feature a mix of vinyl plank, carpet and ceramic tile flooring, full appliance packages with gas stoves, and spacious floor plans with ample closets and built-ins. There are also (14) individual storage closets that can be rented for additional income.
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La Bella Apartments
24 Units
106 Club Dr.
San Antonio, TX  78201
Type: Conventional
Closed: 11/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 508-unit 3500 The Vine apartment community located in Peachtree Corners, Gwinnett County, Georgia. This asset is desirably positioned just off Peachtree Industrial Blvd., along the thriving I-85 northeast corridor. Since acquisition, current ownership has invested $2.9M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and significant potential for the next investor to completely round out the community. Built in 1981, 3500 The Vine offers an excellent opportunity to acquire a repositioned asset in a high-growth submarket with proven value-add upside.
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3500 The Vine
508 Units
3500 Peachtree Corners Circle
Peachtree Corners, GA  30092
Type: Conventional
Closed: 11/21/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 223-unit Rolling Hills apartment community located in Durham, NC MSA. This asset is situated within an affluent, well-educated labor pool and is poised to benefit from a revitalized downtown Durham, which continues to attract new and expanding tech/healthcare employers. In addition, the asset is positioned within a top submarket projected to see strong rent growth. This coupled with current ownership’s substantial capital investment of $447,000 paves the way for new ownership to take advantage of an untapped value-add opportunity, which would boost NOI by 19%.
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Rolling Hills
223 Units
412 East Pilot Street
Durham, NC  27707
Type: Conventional
Closed: 11/21/2019