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Displaying results 25-48 of 3388
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 168-unit Reflections of Island Park apartment community located in Shreveport, Cado-Bossier City Parish, Louisiana. This asset is situated amongst several large employers including LSU Shreveport, Barksdale Airforce Base (9,000+ employees) and the new Amazon Distribution Center. Strategically located along Highway 71 with easy access to I-20 and 1-49, the property offers connectivity to all of Louisiana. Built in 2007 and well maintained, Reflections of Island Park represents an outstanding opportunity to invest in a value-add potential in an undersupplied submarket.
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Reflections of Island Park
168 Units
2600 Celebration Cove
Shreveport, LA  71105
Type: Conventional
Closed: 12/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 39-unit 2918 North at Winstead Commons apartment community located in Greensboro, North Carolina. Situated in North Greensboro, an affluent area trending as a top submarket of the Triad, offers attractive demographics paired with 95% occupancy levels and 20.2% home value growth over the past year. Overall, the Triad has seen 18.6% effective rent growth in the past 12 months, and is projected to grow an additional 18.3% by the end of 2022. The area is anchored by a strong employment drivers, such as VF Corporation, Cone Health, and FedEx. In addition, Toyota, Amazon, Publix, Cone Health, and Boom Supersonic have been a large part of economic announcements, coinciding with the completion of the Urban Loop (2023) which will provide easy connectivity to these major employers. Built in 2016, the property represents an outstanding opportunity to invest in luxury units with the ability to organically grow rents by $250/unit, which is in line with market competitors.
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2918 North at Winstead Commons
39 Units
2918 Martinsville Road
Greensboro, NC  27408
Closed: 12/15/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the OM for the 100-unit Berkshire Arms apartment community located in Mobile, AL. This asset sits within a well-performing multifamily submarket, which has demonstrated excellent rent and occupancy trends over the past 5 years. Located just one mile south of Airport Blvd and two miles west of the I-65 interchange, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Berkshire Arms offers an outstanding opportunity to invest in an LIHTC asset that is eligible for conventional conversion, offered at an extremely attractive basis with ample rent upside.
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Berkshire Arms
100 Units
4021 N Seabreeze Road
Mobile, AL  36609
Type: Affordable Housing
Closed: 12/15/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Vue at St. Andrew’s, a 132-unit apartment community located in the thriving capital city of South Carolina. Columbia is well known for its resilient tendencies, boasting a plethora of government, healthcare and educational jobs while promoting enticing multifamily fundamentals. The Vue at St. Andrew’s proximate location provides residents access to downtown, major retail centers including the Harbison Corridor with over 3M+ square feet of retail and top tier education within the Lexington Richland School District 5 (A Ranking). Furthermore, the immediate area provides exceptional demographics and a positive outlook with average household incomes pushing almost $78k, a white-collar workforce of 70% and no units under construction or proposed within 5-miles. Built in 1972, The Vue at St. Andrew’s represents an incredible opportunity to invest in an asset displaying tremendous performance trends with NRI increasing 13% over the T12, recent leases signing 9% over in-place rents and renovated units achieving $160 premiums.
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The Vue at St. Andrews
132 Units
82 Fox Run Lane
Columbia, SC  29210
Type: Conventional
Closed: 12/15/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the premier 312-unit Exchange at Windsor Hill apartment community located in bustling North Charleston, South Carolina. Situated north of the Peninsula in an area experiencing rapid economic growth, the North Charleston submarket continues to prove out its heightened multifamily desirability. With seamless connectivity to major thoroughfares, residents at the property enjoy direct access to the area’s largest employers such as Bosch Automotive (2k jobs), Joint Base Charleston (22k jobs), and Boeing (7k jobs) all within 5 miles of the property. Furthermore, residents at Exchange at Windsor Hill enjoy first class interior finishes with incredible attention to detail and a top-notch amenity package. Built in 2020, Exchange at Windsor Hill offers an exceptional opportunity to acquire a one-of-a-kind asset with tons of embedded upside through unparalleled projected rent growth (30% through 2027) and a $360+ rent delta to submarket comparables.
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Exchange at Windsor Hill
312 Units
8240 Windsor Hill Blvd
North Charleston, SC  29420
Type: Conventional
Closed: 12/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Seaside Grove at Carolina Forest and 216-unit Providence Park, which can be acquired together or individually. The properties are situated in two of South Carolina’s most admired cities, Myrtle Beach and Columbia. As the fastest growing city in the U.S., Myrtle Beach leads the surge of southern coastal migration posting 51% population growth since 2000, outpacing all other coastal markets. The capital city of Columbia also displays persistent growth through its primary employment sectors of medical, education, and government, with rents projected to rise 21% through 2027. Located in the Carolina Forest and East Columbia communities, residents at the properties enjoy direct access to top-tier retail, premier entertainment options, and seamless connectivity to major economic drivers. The immediate areas surrounding the properties boast high average HHIs ($75k+), dominant white-collar populations (65%), and impressive rent growth (21% avg.), representing the ideal time to own in these thriving pockets of South Carolina. New ownership can benefit from the tremendous upside of the portfolio advantage and implement a Class-A value-add campaign to push rents $430+ in three years, yielding additional revenue for years to come.
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Seaside Grove & Providence Park (2 properties, 528 units)
Seaside Grove at Carolina Forest
312 Units
101 Augusta Plantation Drive
Myrtle Beach, SC  29579
Type: Conventional
Closed: 12/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.
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Upstate Value-Add 5 Portfolio (5 properties, 912 units)
The Park at Sondrio
271 Units
3500 Pelham Road
Greenville, SC  29615
Type: Conventional
Closed: 12/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.
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Upstate Value-Add 5 Portfolio (5 properties, 912 units)
The Park at Vietti
204 Units
1000 Hunt Club Lane
Spartanburg, SC  29301
Type: Conventional
Closed: 12/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of The Brunswick, a 193-unit institutional quality multifamily asset in Norcross (Atlanta), GA. Anchored by Lillian Webb Park in historic Downtown Norcross, The Brunswick’s thoughtful interiors and high-end amenities drive premier visibility. Located in Atlanta’s infill arc, the asset’s strategic location provides exceptional access to 1M+ jobs within a 30-minute drive. Furthermore, The Brunswick has demonstrated impressive lease trade-outs, averaging a 10.3% increase on new leases since May. Surrounded by top-notch job-nodes and immediate walkability to Downtown Norcross, The Brunswick is a phenomenal investment opportunity with a strong future growth trajectory in a desirable town center.
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The Brunswick
193 Units
141 Holcomb Bridge Road
Norcross, GA  30071
Closed: 12/9/2022
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Bell Parkland
396 Units
5851 Holmberg Road
Parkland, FL  33067
Type: Conventional
Closed: 12/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Lakes Edge,160-unit apartment community located in Greensboro, North Carolina. This asset is situated in the rapidly expanding West Greensboro submarket. Built in 1975, Lakes Edge represents an outstanding opportunity to invest in a proven value add opportunity. The 54 units that have already seen renovations are achieving on average $240 premiums over unrenovated units. Lakes Edge has $340 rent headroom to the average of comparable. The property is located just 2 miles from the Urban Loop, a 6-lane freeway carrying Interstates 73, 85, 841, and 421. This interstate will provide critical links to high growth areas around West Greensboro.
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Lakes Edge
160 Units
5644 W. Market Street
Greensboro, NC  27409
Type: Conventional
Closed: 12/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.
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Upstate Value-Add 5 Portfolio (5 properties, 912 units)
The Park at Ariano
156 Units
2950 East North Street
Greenville, SC  29615
Type: Conventional
Closed: 12/7/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Core Link at Douglas (the “Property”) – a 312-unit, 22-story, FGBC Silver (pending) class-AAA highrise adjacent to the Douglas Road Metrorail station and Coral Gables’ esteemed Merrick Park neighborhood. A Phase II sister tower, the 421-unit Cascade will deliver in late summer 2022 and further enhance the master-planned living experience of residents with the addition a 22,000 square foot Milam’s Market on its ground floor.

Strategically positioned at the nexus of four mature and affluent neighborhoods, the Property’s highly desirable combination of high-rise Biscayne Bay views, asset quality, expansive amenities, walkability, and TOD access in this coveted submarket have attracted superb resident demographics with average household incomes near $250,000. Core Link at Douglas represents a rare opportunity to acquire a newly completed, transit-oriented, class-AAA high-rise in one of the highest barrier-to-entry and most affluent submarkets in Miami.
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CORE Link at Douglas
312 Units
3060 SW 37th Avenue
Miami, FL  33133
Closed: 12/6/2022

WELL PERFORMING, BEST IN MARKET ASSET

New residents are drawn to the city’s best asset with condo-quality finishes and high-end living. The community amenities provide an upscale lifestyle feel and include a resort-style pool area with a grilling pavilion and TV lounge with fireplace.

LUXURIOUS SINGLE-FAMILY FEEL

The design and layout of Sycamore Terrace provide a quiet and secluded single-family feel with features like spacious units (1,236 Avg. SF) with open floor plans, 9’ to 10’+ ceilings, ample storage, and 50% of the units offer attached direct access garages.

RENT ELEVATION WITH LIGHT UPGRADES

Sycamore Terrace could be further elevated with minor enhancements to bring the property to the next level. This will assist in driving resident appeal and increasing rental rates.

CLOSE TO AMPLE EMPLOYMENT & AMENITIES

The city’s newest major amenity—Queen of Terre Haute Casino, (500 jobs coming late 2023) is less than one mile away. Sycamore Terrace also benefits from ample adjacent retail/dining, and quick access to I-70, SR-46, diverse employment, Terre Haute Regional Airport, four colleges/universities, and downtown Terre Haute.

EXCEPTIONAL MARKET FUNDAMENTALS

The Terre Haute multifamily market shows strong rent growth at 8.7% year-over-year and an average market-wide occupancy of 97%. Additionally, there has been very limited new construction over the last five years with nothing currently in the pipeline.

CITY'S MOST AFFLUENT AREA

The property is situated in the city’s most affluent area. The average household income within one mile of Sycamore Terrace is over $101,000 with an average home value of $232,524.

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Sycamore Terrace
250 Units
100 Antioch Circle East
Terre Haute, IN  47803
Type: Conventional
Closed: 12/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Banks at Bridgewater, a newly constructed 252-unit Garden multifamily property, and Stepping Stone at Bridgewater, a 44-unit Built-to-Rent duplex community in Myrtle Beach, SC. Strategically located in one of the nation’s fastest growing cities, with 22% population growth since 2015, the assets are situated in the primary residential and recreation node, with access to top retail, entertainment, healthcare, and job centres. Myrtle Beach’s rapidly expanding population highlights its diverse demographics supporting strong multifamily and Build-to-Rent fundamentals, resulting in unprecedented rent and supply growth in both asset classes. Historically high home ownership barriers to entry is pricing potential buyers out of the market, further increasing demand for apartments and Build-to-Rent communities. Completed in 2020, Stepping Stone at Bridgewater offers spacious units, private driveways, attached garages, and features desirable modern finishes and neighborhood lifestyle. Adjacent, with expected final delivery by September, is The Banks at Bridgewater, presenting open floor plans with luxurious finishes and modern amenity package.
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The Banks & Stepping Stone at Bridgewater (2 properties, 296 units)
Stepping Stone at Bridgewater
44 Units
943 Lilyturf Circle
Little River, SC  29566
Type: Build for Rent
Closed: 12/2/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Banks at Bridgewater, a newly constructed 252-unit Garden multifamily property, and Stepping Stone at Bridgewater, a 44-unit Built-to-Rent duplex community in Myrtle Beach, SC. Strategically located in one of the nation’s fastest growing cities, with 22% population growth since 2015, the assets are situated in the primary residential and recreation node, with access to top retail, entertainment, healthcare, and job centres. Myrtle Beach’s rapidly expanding population highlights its diverse demographics supporting strong multifamily and Build-to-Rent fundamentals, resulting in unprecedented rent and supply growth in both asset classes. Historically high home ownership barriers to entry is pricing potential buyers out of the market, further increasing demand for apartments and Build-to-Rent communities. Completed in 2020, Stepping Stone at Bridgewater offers spacious units, private driveways, attached garages, and features desirable modern finishes and neighborhood lifestyle. Adjacent, with expected final delivery by September, is The Banks at Bridgewater, presenting open floor plans with luxurious finishes and modern amenity package.
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The Banks & Stepping Stone at Bridgewater (2 properties, 296 units)
The Banks at Bridgewater
252 Units
719 Lantern Walk Drive
Little River, SC  29566
Type: Conventional
Closed: 12/2/2022
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Florida Multifamily Team, is pleased to present the exclusive listing of OnShore, a student housing community located in Daytona Beach, Florida. Built in 2020, the property is the newest asset in the market totaling 210 units and 636 beds and offers market-leading luxury amenities to residents.
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OnShore Daytona
210 Units | 636 Beds
1100 Halifax Medical Center Dr.
Daytona Beach, FL  32114
Type: Student
Closed: 12/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of the The Enzo at Ariston, a 265-unit newly built institutional multifamily asset in Atlanta’s rapidly growing I-85 North Corridor. The property is strategically positioned in one of Atlanta’s strongest suburban markets and will directly benefit from Gwinnett County’s attractive supply/demand dynamics. This Core asset features immediate walkability to 2M+ SF of high-quality retail and dining/entertainment options as well as has top-tier access to Atlanta’s sprawling I-85 North jobs corridor. The property is primed for substantial rent growth, as Gwinnett County has historically demonstrated impressive absorption with limited future supply. Furthermore, The Enzo at Ariston has experienced robust leasing velocity, netting an average of 27 leases per month since May 2022.
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The Enzo at Ariston
265 Units
3025 Woodward Crossing Blvd.
Buford, GA  30519
Type: Conventional
Closed: 12/1/2022

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive listing of 517 S. Broadway, a residential development opportunity in the iconic Baltimore City Neighborhood of Fells Point. The Property is zoned both residential and commercial, boding well for multifamily or mixed-use contruction.

Potential developers are able to acquire land at an attractive cost basis, with approved plans. The Property is in close proximity to The Sagamore Pendry, and recently redeveloped Broadway Market, with ease of access to Thames Street nightlife attractions.

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517 S. Broadway
   
517 S. Broadway
Baltimore, MD  21231
Type: Land
Closed: 11/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Axiom Apartments, a 202-unit apartment community situated in proximity to the 78-acre mixed-use Eastland Mall redevelopment anchored by the future practice facilities of Charlotte’s new Major League Soccer team. Convenient location to the desirable thoroughfare of East Independence provides access to ~250K jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show an 8% increase to household income over the next 5 years and a steady long-term unemployment rate in the immediate 1-mile radius. Built in 1987, Axiom represents an outstanding opportunity to realize up to $130 rental premiums that nearby competitive properties are currently achieving in the rapidly transforming East Charlotte submarket.
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Axiom
202 Units
5625 Keyway Boulevard
Charlotte, NC  28215
Type: Conventional
Closed: 11/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Flats at Perimeter Place, a prominent 323-unit midrise apartment community located in the heart of Atlanta’s dynamic Central Perimeter (135K+ jobs) district. Strategically positioned in Dunwoody’s vibrant Perimeter Place office/retail center, residents truly enjoy a live/work environment. Central Perimeter is the preeminent Sunbelt CBD, long established as a Fortune 500 stronghold and thriving job enclave anchored by global corporations like State Farm and Insight Global, as well as Pill Hill (20K+ healthcare jobs). The district’s magnetic appeal and energetic growth continues, as evidenced by the new $2B High Street development, which is a 10-block, multi-phase that will bridge the adjoining cities of Dunwoody and Sandy Springs with new Class A office and curated retail intertwined with bicycle-friendly streets and expansive public areas. Flats at Perimeter Place has demonstrated impressive lease trade-outs, averaging an 18.4% increase on new leases since June 2022. Current ownership has substantially renovated ~50% of the units while also injecting nearly $1M into the amenities and common areas, presenting an exceptional opportunity to revamp the remaining units and capitalize on the proven premiums.
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Flats at Perimeter Place
323 Units
60 Perimeter Center Pl
Dunwoody, GA  30346
Type: Conventional
Closed: 11/29/2022
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Evansville 3 Portfolio
638 Units
Evansville, IN
Type: Conventional
Closed: 11/28/2022

5.7% Cap - 2000 Built Property - $105K/Unit

Mill Pond offers the rare opportunity to purchase a 2000s built well maintained asset with a 5.7% going-in cap rate and at a low $105K/unit basis with upside potential.

Proven Rent Premiums

A new owner has the opportunity to continue to upgrade units and add and enhance the amenity set. Proven rent premiums for upgraded units are up to $385.

City's Highest Income Area

The northeast side of Muncie is the highest-end area of the city with average household incomes of $74,000+ . The location offers nearly instant access to and viability on McGalliard Rd, the city's main commercial corridor.

$1.5M Capital Infusion Completed

A $1.5M+ capital infusion included extensive interior renovations with all new luxury-level finishes, new kitchens and baths, and new LVP flooring in 14 units. Other improvements included 100% roof replacement, hallways updates and more.

Meds and Eds

Muncie is best known for its medical and educational institutions. Ball State University boasts 22,000 students and is the state's most prestigious school for education and architecture. Ball Memorial Hospital is a teaching hospital and the city's only hospital.

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Mill Pond
120 Units
5420 W. Keller Road
Muncie, IN  47304
Closed: 11/22/2022
1 WALKABLE URBAN LOCATION The Ellsworth is ideally located in connected and vibrant Downtown Lafayette and West Lafayette. This irreplaceable location offers walkable access to retail, dining, parks, trails and entertainment. 2 HIGH-END FINISHES AND FEATURES The Ellsworth brings the best of luxury to downtown dwellers with high-end finishes from corner to corner and an open floorplan living area. The elevated amenity set offers residents the comfort and convenience they demand. 3 OPPORTUNITY ZONE BENEFITS Closing acquisition of this asset before the certificate of occupancy (estimated Aug 2022) allows the buyer to step into the developer position and reap the benefits of the opportunity zone 4 GROWING PURDUE Since 2014, Purdue’s annual applications to the university are up 48%. Purdue now ranks as one of the nation’s top U.S. public institutions as well as one of its most innovative. 5 MULTIFACETED GREATER LAFAYETTE The Greater Lafayette Area is continuing incredible growth, innovation and expansion. With new developments in both education and industry, This area continues to be the top place to live work and play. 6 ALL CASH OR ASSUME EXISTING DEBT The Ellsworth can be purchased on an all cash basis or through assumption of the existing $13M fixed rate loan with a 3.87% interest rate.
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The Ellsworth
99 Units
437 South 5th Street
Lafayette, IN  47901
Type: Conventional
Closed: 11/22/2022
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