The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit Rivoli Run & Park at Northside apartment communities located in Macon, Bibb County, Georgia. These assets asset is situated in the premier North Macon submarket, surrounded by top line retail including Fresh Market, Wesleyan Station (Kroger and Starbucks) and The Shoppes at River Crossing (Dick’s, Dillard’s, and Barnes & Noble), with direct access to downtown Macon, I-75, Wesleyan College and one of the largest medical centers in Macon (Piedmont Macon North). Built in 1995 & 1975 respectively, Rivoli Run & Park at Northside represent well-designed properties that offer an outstanding value-add opportunity with current rents achieving $100+ in renovation premiums over classic units and an opportunity for $190+ total blended premiums through full-scale renovation. Both properties have undergone $1.1M+ of exterior and interior capital expenditures, which include landscaping, amenity enhancements, signage, asphalt seal/restripe and interior upgrades.
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Rivoli Run & Park at Northside (2 properties, 380 units)
Park at Northside
192 Units
3876 Northside Drive
Macon, GA  31210
Type:  Multifamily
Closed: 3/26/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villas at Huffmeister, a 294-unit, 2007-built apartment community, and Villas of Kingwood, a 330-unit, 2008-built apartment community, both located in the Houston MSA. Villas at Huffmeister and Villas of Kingwood offer prospective buyers an exquisite opportunity to acquire institutional quality assets with highly accretive in-place agency debt and significant value-add potential. Both assets possess 100% classic-condition units and are prime candidates for interior renovations that would allow the assets to achieve an estimated $200/unit market rent premium across the board. The communities also enjoy low density site plans containing spacious floorplans and a significant number of direct-access garages. Furthermore, not only are both properties situated within healthy demographics and proximate to schools, jobs, retailers, and major transportation arteries, they’re positioned within one of the most robust, diverse economies in the United States.
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Villas at Huffmeister & Villas of Kingwood (2 properties, 624 units)
Villas at Huffmeister
294 Units
15050 Copper Grove Boulevard
Houston, TX  77095
Type:  Multifamily
Closed: 3/25/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Kipling, a 118-unit Built-To-Rent (BTR) community located in Baldwin County (Foley), AL. Kipling arrives to market as one of the region’s premier single family, detached BTR communities in Baldwin County. The asset is located in the rapidly expanding Foley submarket, recently ranked the highest-growth pocket in Baldwin County. With pristine beaches less than 12 minutes away ($5B+ economic impact) and retail-attractions within a short drive, Kipling offers residents a desirable, single-family suburban lifestyle.

Fully delivered in 2023, the community features a desirable unit mix of 3-5 BR detached homes averaging 1,777 SF, attached garages, private fenced yards & top-of-the-line technology packages. Lease-up performance is strong as average loss-to-lease is less than 1%. Submarket rent growth has averaged 5%+ annually since 2017 while occupancy remains at 95%. Kipling offers new ownership an outstanding opportunity to acquire a sizeable BTR asset in AL’s fastest growing county.

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Kipling
118 Units
7959 Mandalay
Foley, AL  36535
Closed: 3/22/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Remington Ridge, a 133-unit, 2022-built apartment community located in the thriving Fort Worth suburb of Weatherford. Remington Ridge offers prospective buyers an exceptional opportunity to acquire a newly constructed asset in a rapidly growing suburb of the fastest-growing city in America. Situated seconds from I-20, tenants possess immediate access to Weatherford’s premier retail corridor, quality education centers, and convenient access to Fort Worth and Arlington’s diverse roster of major job hubs. The opportunity is further bolstered by a clear path to additional income provided by the ability to push second-generation leases, development of Phase II, additional Phase I investment, capture of water/sewer reimbursements, and placement of a consistent management team on site.
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Remington Ridge
133 Units
360 Kirkpatrick Dr
Weatherford, TX  76087
Closed: 3/19/2024
The Cushman & Wakefield Student Housing Team, in conjunction with the Cushman & Wakefield Georgia Multifamily Advisory Group, is pleased to present the exclusive listing of The Haven at Kennesaw, a 32-unit, 148-bed cottage apartment community located near Kennesaw State University (KSU). Built in 2017, The Haven has been a top performer in the market, consistently leasing to 100% by June 1st every year since its delivery. This opportunity allows investors to acquire the only true Class A cottage-style community near KSU with significant support for immediate rental growth.
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The Haven at Kennesaw
32 Units | 148 Beds
1805 Shiloh Rd NW
Kennesaw, GA  30144
Closed: 3/19/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.
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The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type:  Land
Closed: 3/15/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Pointe Grand Athens, a 240-unit, 2022-built apartment community located in rapidly growing Athens, GA. This asset is situated in the thriving Northeast Athens submarket. While there is retail and thousands of industrial and manufacturing jobs including Meissner Corporation’s 1,700 job announcement, Pointe Grand Athens also sits minutes away from the University of Georgia and Downtown Athens. In larger scale, the Athens region has benefited greatly from close proximity to Atlanta as well as Commerce, Jefferson, and Lawrenceville, giving residents access to over one million jobs within a 1-hour radius. Having fully leased, Pointe Grand Athens provides an opportunity to continue strong operation of brand-new product into second generation stability, taking full advantage of the Athens and surrounding market progress.
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Pointe Grand Athens
240 Units
625 US HWY 29
Athens, GA  30601
Type:  Multifamily
Closed: 3/7/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Duke apartment community, comprised of 252 units and nestled in the vibrant city of Victoria, TX. This exceptional property presents a highly appealing investment opportunity, boasting assumable debt with an attractive interest rate of 3.5%. Ideally situated in a sought-after Victoria location, The Duke enjoys proximity to prominent retailers and employers, further enhancing its appeal. Moreover, this modern community sets itself apart with the finest unit and community amenities available in the area. Constructed in 2016, The Duke represents a prime chance to invest in a premier asset supported by exceptionally favorable assumable debt terms.
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The Duke
252 Units
301 Augusta Drive
Victoria, TX  77904
Type:  Multifamily
Closed: 2/29/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit The Preserve apartment community in Branson, MO. Branson is located 40 minutes from Springfield hosting 9M tourists annually and crested 10M for the first time in 2021 demonstrating its resiliency as an entertainment destination. Arriving to market with a 98% average T12 occupancy and a fixed all-in 2.65% Interest Rate until 2061, The Preserve is an opportunity to capitalize on in-place trends and increase rents to market via unit interior renovations + recognize LTL created from recent market rent increases.
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The Preserve
184 Units
164 Preserve Drive
Branson, MO  65616
Closed: 2/29/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Marbella, a 96-unit, 2021-built apartment community located in the highly sought after and rapidly growing Baldwin County. Marbella offers residents a beach-style living experience with close proximity to all of Gulf Shores’ lifestyle Amenities. The area is home to some of the nicest beaches in the U.S. which continue to drive strong population and rent growth (8.9% YoY since 2021). Since the beginning of 2022, Marbella has organically pushed rents 15.5%+ on renewals and new leases and arrives to market 95.8% occupied. The Baldwin County market has benefitted tremendously due to the lack of new competitive supply with no units being built between 2009 and 2019. In addition, Baldwin County is the 4th fastest growing small metropolitan area in the U.S. with the Gulf Shores area growing by 73% since 2010 providing further growth for assets such as Marbella. Built in 2021, Marbella represents an outstanding opportunity to invest in a high performing asset with attractive assumable HUD loan in the highly sought after and rapidly growing Baldwin County.
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Marbella
96 Units
1910 East 1st Street
Gulf Shores, AL  36542
Closed: 2/21/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villas at Huffmeister, a 294-unit, 2007-built apartment community, and Villas of Kingwood, a 330-unit, 2008-built apartment community, both located in the Houston MSA. Villas at Huffmeister and Villas of Kingwood offer prospective buyers an exquisite opportunity to acquire institutional quality assets with highly accretive in-place agency debt and significant value-add potential. Both assets possess 100% classic-condition units and are prime candidates for interior renovations that would allow the assets to achieve an estimated $200/unit market rent premium across the board. The communities also enjoy low density site plans containing spacious floorplans and a significant number of direct-access garages. Furthermore, not only are both properties situated within healthy demographics and proximate to schools, jobs, retailers, and major transportation arteries, they’re positioned within one of the most robust, diverse economies in the United States.
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Villas at Huffmeister & Villas of Kingwood (2 properties, 624 units)
Villas of Kingwood
330 Units
300 Forest Center Drive
Kingwood, TX  77339
Closed: 2/13/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Center Pointe Village, a 33-unit townhome community located in Clarksville, Montgomery County, Tennessee. Home to the 2nd largest military base in the U.S., the booming Clarksville market also benefits from being a close outlet to Nashville. Newly built in 2023, Center Pointe Village offers an outstanding asset consisting of well-thought-out townhomes with large floor plans and high-end features. The community is also moments from top employers, the Wilma Rudolph shopping corridor, Austin Peay State University, and Fort Campbell.
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Center Pointe Village
33 Units
169 Center Pointe Dr
Clarksville, TN  37040
Closed: 2/7/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Views at West Town, a 194-unit apartment community located in Knoxville, Knox County, Tennessee. Views at West Town is situated in a highly accessible location just north of Interstate 40, in a sophisticated West Knoxville submarket. Built in 1981 and renovated in 2023, Views at West Town offers an outstanding value-add opportunity achieving $225+ rent premiums. Residents of Views at West Town have direct access to major area employers (U.S. Department of Energy at Oak Ridge, Denso Manufacturing, and the Pilot Company) and many big box retailers including Sam's, Walmart, Target, Trader Joe's and the West Town Mall (Dick's, Chick-fil-A, H&M).
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Views at West Town
194 Units
500 Manor View Drive
Knoxville, TN  37923
Type:  Multifamily
Closed: 2/5/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit Latitude at Richmond Hill apartment community located in Richmond Hill, Bryan County, Georgia. This asset is situated in the desirable Richmond Hill submarket of south Savannah, sporting strong demographics, top schools, and explosive job growth. Built in three phases (2007, 2015 and 2019), Latitude at Richmond Hill represents an outstanding opportunity to invest in a property that consists of 100% classic units and can achieve $195+ rent premiums through a moderate value-add program. The property has seen $1.1M+ spent on capital expenditures including new signage and rebranding, landscaping, and major amenity enhancements. Recent Savannah job announcements are headlined by 17.5K+ new jobs, with 12.5K to be located in Bryan County. This includes the Hyundai EV Plant (8,500 jobs) and Hyundai Mobis (1,500 jobs) - part of the largest economic development project in Georgia history.
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Latitude at Richmond Hill
192 Units
1821 Buckeye Drive
Richmond Hill, GA  31324
Closed: 2/2/2024

Luxury Property in Dynamic Walkable Location

AYR is an exquisite property built in 2020, boasting modern and inviting finishes that appeal to high-income residents seeking a luxurious lifestyle. Its prime location offers a walkable experience, with convenient proximity to retail establishments.

Access Broad Ripple, Keystone & Downtown 

AYR's exceptional location places it just a mile from the bustling center of Broad Ripple, ensuring residents can effortlessly immerse themselves in the vibrant entertainment, dining, and cultural offerings. Additionally, its strategic positioning provides quick access to both Downtown Indy and the upscale Keystone area, granting residents the opportunity to conveniently reach top employment centers as well as indulge in the city's premier shopping and dining destinations.

High-End Amenities & Finishes

The property provides an elevated living experience with luxurious finishes featured in the units, along with a range of high-end amenities. Residents can enjoy the convenience of unique Live Work Units, an expansive fitness center, co-working stations provide a productive and collaborative environment. Additionally, the Aqua Lounge offers a stylish and relaxing space for residents to unwind and socialize.

Proven Demand and Rent Growth

AYR experiences consistently high occupancy rates in the mid-90s, reflecting the strong demand for residents to live in the community. Furthermore, the property achieved rent increases ranging from 12% to 13% for both lease renewals and new leases, indicating the desirability of AYR as a sought-after living destination.

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AYR
267 Units
6160 N Rural Street
Indianapolis, IN  46220
Type:  Multifamily
Closed: 1/31/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Trails at Alabaster, a 200-unit apartment community located in the Alabaster municipality of Birmingham, AL. The asset is extremely well-positioned along the I-65 corridor in a supply-constrained submarket (less than 650 units delivered to the area since 2000) where rents are growing exponentially due to the lack of inventory. Trails at Alabaster offers an outstanding location for residents as it is minutes from 10,000+ quality jobs, state-ranked schools, and Class A retail space. The property is coming off an $1mm+ exterior renovation making the buyer the beneficiary of a quality physical plant and refreshed property look. Built in 1977/1986, Trails at Alabaster offers an opportunity to invest in a quality asset with excellent performance trends and additional upside remaining for new ownership.
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Trails at Alabaster
200 Units
1740 Woodbrook Trail
Alabaster, AL  35007
Type:  Multifamily
Closed: 1/30/2024

2007-BUILT <$170K/UNIT | 4.3% FIXED RATE ASSUMABLE LOAN

Summit Pointe presents the opportunity to acquire an exceptional 2007-built property at an attractive basis of less than $170K per unit within an affluent, high-growth immediate area. The appealing existing loan can be assumed at a low 4.3% fixed interest rate with the interest only period still remaining and the potential for a supplemental loan for a blended rate of 5.02%.

IDEAL OPPORTUNITY TO GROW REVENUE

By upgrading 234 units to a luxury-grade finish level and introducing popular amenities, Summit Pointe’s position among its competition could be elevated to top-of-the-market. Doing so could increase market rents by $211/unit, on average, equating to over $648,000 in additional annual income. Additionally, R&M expenses could be lowered by purchasing washer/dryer machines the property is currently leasing.

EXCEPTIONAL FINANCIAL PERFORMANCE

Investors have the opportunity to inherit impressive operations, including historically strong occupancy and 5.6%+ lease tradeout over the last three months. Additionally, total revenue growth was 10.7% for 2022.

DISTINCTIVE PROPERTY WITH POPULAR UNIT FEATURES

This low-density property offers lush landscaping, two large scenic lakes, attractive exterior architecture and all exterior private entries. The meticulously designed units offer spacious floor plans, full size washer/dryer connections, plenty of storage space, 9’ ceilings, elegant crown molding in living rooms, six-panel doors, and the added bonus of both front and back balconies or patios in most units.

FLOURISHING GREENWOOD: FAST-GROWING & AFFLUENT

The property is within the city of Greenwood (Johnson County—4th fastest growing in the state), a sought-after affluent south suburb of Indianapolis with a wealth of employment options. Summit Pointe’s immediate area enjoys impressive demographics such as 65% population growth and an average household income of $111K. Greenwood is known for well-performing schools and is proximate to downtown Indianapolis, offering additional employment and top-notch amenities.

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Summit Pointe
256 Units
2400 E Main Street
Greenwood, IN  46143
Type:  Multifamily
Closed: 1/26/2024

Top-tier Design

Provenance is a meticulously designed community that boasts high-end finishes and luxurious touches throughout. The development, which is part of a larger project that includes for-sale single-family homes, townhomes, and retail space, is widely regarded as the best product in the market. It was developed by the reputable Old Town Companies, who is known for delivering transformational projects.

Exceptional Property Performance

The property's outstanding performance is evident in the substantial growth of average lease rents, which have surged by an impressive 19.77% when comparing the average T-12 rent to the current in-place lease rent. Furthermore, the remarkable 98% current occupancy rate underscores the strong demand for this exceptional product.

Exquisitely Planned Live-Work-Play District

Provenance is situated in the Discovery Park District, a mixed-use development spanning 400 acres adjacent to Purdue University's West Lafayette campus. The district features academic research labs, manufacturing facilities providing high-paying jobs, and various housing options.

Purdue University Growth & Excellence

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.

Impressive Multifaceted Growth Location

Greater Lafayette shows strong 6.2% rent growth and 94% occupancy with limited new construction. The area offers a vibrant community with a variety of cultural and recreational activities. In addition to being a college town, Greater Lafayette attracts diverse businesses and startups, creating employment opportunities and contributing to the region's economic growth.

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Provenance
250 Units
1501 Mitch Daniels Blvd
West Lafayette, IN  47906
Closed: 1/24/2024

7.2% TAX-ADJUSTED TRAILING CAP RATE

The Apex presents a fantastic opportunity to purchase a meticulously renovated property offered with strong yield at high tax-adjusted cap rates of 7.2% on trailing 3 months and an achievable 7.7% in year one. The property’s performance has been outstanding, maintaining an average occupancy rate of 96% over the past year.

TRANSFORMATIONAL RENOVATION COMPLETED

The property has undergone a complete transformation, with substantial enhancements to its mechanical systems and upgraded community amenities. Additionally, all units have been fully upgraded. Despite being built in 1970, The Apex has been repositioned and rebranded to give it a modern appearance and appeal, making it the premier property in its submarket. A new owner can easily concentrate on increasing rents during turnover or lease renewal and reducing the loss to lease.

CONVENIENT TO INTERSTATES, EMPLOYMENT & AMENITIES

Within a 15-minute drive, residents can easily access the bustling downtown area, a wide range of employment opportunities, a variety of amenities, and top-notch healthcare facilities. This prime location ensures that residents of The Apex have easy access to all the essentials and attractions Cincinnati has to offer.

TWO-PROPERTY CINCINNATI PORTFOLIO OPPORTUNITY

The Apex (317 units) can be purchased alone, or together with The Parkton (352 units), located just 15 minutes north. Together, the two properties total 669 units, offering the opportunity for scale in Cincinnati.

 
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The Apex
317 Units
5293 E Knoll Street
Cincinnati, OH  45239
Type:  Multifamily
Closed: 1/19/2024

7% TAX-ADJUSTED TRAILING CAP RATE

The Parkton offers an excellent opportunity to acquire a well-built property that recently underwent an extensive renovation. Offered with strong yield at high tax-adjusted cap rates of 7% on trailing 3 months and an achievable 7.4% in year one. Property performance is strong, operating at a consistently high occupancy of 94%, on average, over the past 12 months.

TRANSFORMATIONAL RENOVATION COMPLETED: $54K/UNIT - $18.8M TOTAL SPENT

The property has been fully transformed with significant mechanical improvements, new and improved community amenities, and 100% of the units have been upgraded. Built in 1970, The Parkton has the look and feel of a newer property, and was repositioned and re-branded to make it the top property in the submarket. A new owner can simply focus on increasing rents upon turnover or renewal, and burn off loss to lease.

PROXIMATE TO INTERSTATES, LARGEST MSA EMPLOYMENT HUB & POPULAR AMENITIES

Located less than one mile from I-275, The Parkton has excellent access to all of Cincinnati and also Dayton via I-75. The city’s largest logistics hub (122M SF) housing numerous employers, popular amenities and the Mercy Health Fairfield Hospital are all less than 10 minutes from the property.

TWO-PROPERTY CINCINNATI PORTFOLIO OPPORTUNITY

The Parkton (352 units) can be purchased alone, or together with The Apex (317 units), located just 15 minutes south. Together, the two properties total 669 units, offering the opportunity for scale in Cincinnati.

 
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The Parkton
352 Units
2300 Walden Glen Circle
Cincinnati, OH  45231
Type:  Multifamily
Closed: 1/19/2024
1. CREDITS, INCENTIVES AND ABATEMENTS
The property’s inclusion on the National Register of Historical Places provides an opportunity for an adaptive reuse investor to seek tax credits, in addition to other available programs and abatements. The owner can apply for a variety of incentive programs,

2. ICONIC CBD PROPERTY
On the National Register of Historic Places since 1986, 19 Garfield Place was designed by Tietig and Lee and constructed in 1923. Terracotta tiles cover the eightstory façade with elements of metal and marble. The building has earned ENERGY STAR certification for the last seven years

3. URBAN OASIS
With Piatt Park, the oldest park in Cincinnati, at the front door of 19 Garfield Place and stretching two blocks from Vine Street to Elm Street, tenants and guests alike can take advantage of its shaded beauty. Immediately to the Northeast, the recently revitalized Court Street Plaza, a $5.5 million project, is not only a great public gathering space featuring wide, pedestrian-friendly sidewalks and community artwork, it’s also situated at the center of many unique small businesses.

4. DOMINANT OHIO MSA
At more than 2.2 million residents, the Greater Cincinnati MSA, comprised of 16 counties in three states, is the largest within the State of Ohio and the 30th largest in the United States. Five Fortune 500 companies are headquartered in the Greater Cincinnati MSA including 4 located in the CBD.

5. WALKABLE AND TRANSIT-ORIENTED LOCATION 19 Garfield Place is located within a block and a half of the Seventh & Walnut stop for The Connector, a 3.6-mile streetcar line operating throughout the city’s urban core and connecting The Banks with Over-the-Rhine. Cincinnati is also one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%. Whether it’s the gentrified old-world charm of the Over-the-Rhine neighborhood a few blocks to the north or the more modern amenities located within the CBD and at The Banks to the south, 19 Garfield Place is a short walk or streetcar ride to both of Downtown’s vibrant social scenes.

6. STRONG MARKET FUNDAMENTALS FOR NEW MULTI-FAMILY CONSTRUCTION
New Class-A multi-family product in the downtown Cincinnati market has recently outperformed the rest of the Cincinnati MSA. Pairing an average of 95% occupancy with an impressive $2.26/SF, these fundamentals present an exciting opportunity to redevelop 19 Garfield Place into apartments.

7. OUTSTANDING RENT GROWTH IN DOWNTOWN MARKET In the Cincinnati downtown market, rent growth for Class-A properties in the last 5 years has been over 13%. The remaining downtown properties experienced rent growth around 8% in that same time period. The average asking rent for Class A properties downtown is $2,102/month.

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19 Garfield Place
   
19 Garfield Place
Cincinnati, OH  45202
Closed: 1/5/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 247-unit Soncel at the Lakes apartment community located in Kingsland, Camden County, Georgia. This asset is situated in the strategically-located I-95 corridor, within driving distance of the ports of Brunswick, Jacksonville, and Savannah as well as having rail access throughout the County. Built in 1990 through 2018, Soncel at the Lakes represents an outstanding opportunity to invest in a proven value-add property seeing $200+ rent premiums with the ability to usher in an additional ~$400 premiums by bringing renovations up to market comparables. Residents of Soncel at the Lakes benefit from close proximity to one of the area's major employers (SE Georgia Health Systems - Camden Campus, 2,200 jobs), top Camden County schools, and ease of travel to Jacksonville, Florida's robust job economy (830K workforce pool).
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Soncel at the Lakes
247 Units
140 Lakes Boulevard
Kingsland, GA  31548
Closed: 1/4/2024

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Knollwood Crossing Phase I apartment community located in Hamilton, Ohio (Cincinnati MSA). This asset is situated close to key employment areas and prominent retailers. Built between 2000-2001, Knollwood Crossing Phase I offers an outstanding opportunity with substantial value-add and optional seller financing. There is a tremendous opportunity to transition the AMI restricted units to 100% market rate. Presently owned by a non-profit entity, 180 of the 240 units are subject to 60% or 80% AMI restrictions. Upon the sale to a for-profit entity, these restrictions would be lifted (existing leases must be upheld).

Adjacent Property Also Available For Sale
(Same Owner)


The Heights at Knollwood Crossing
192 Units

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Knollwood Crossing PH I
240 Units
5 Fall Wood Drive
Cincinnati, OH  45011
Type:  Multifamily
Closed: 12/29/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Giddy Hall, a 171-unit apartment community located in Charlotte, NC. Built in 2023, the property is strategically located in the flourishing pocket of Steele Creek, a submarket characterized by rapid population growth and skyrocketing home values. The Class-A community features best-in-class finishes and top amenities tailored to appeal to area’s burgeoning high-end renter class ($94k Avg. HHI).

Situated in the heart of Steele Creek’s retail corridor, Giddy Hall offers a plethora of dining and entertainment options within minutes including Topgolf, Target, Harris Teeter, Publix and more, as well as direct access to the city’s top employment hubs via nearby I-485. The property has demonstrated impressive lease-up performance, consistently pushing rental rates while offering little to no concessions. Market comparables offer more than $200 in headroom, highlighting Giddy Hall as an exceptional opportunity to invest in a high-quality asset offering substantial organic rent growth potential through a mark-to-market leasing strategy.

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Giddy Hall
171 Units
10833 Steele Creek Road
Charlotte, NC  28273
Type:  Multifamily
Closed: 12/28/2023