Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Emerald Landings (the “Property”) – a 20-unit, luxury townhome community located in Tamarac, Florida. The property was built in 2015 to sell as individual townhomes. No townhomes were sold and the property operates as a single folio and ownership of all units.

Emerald Landings represents the rare opportunity for an investor to acquire a boutique, luxury townhome community without any HOA obligations. The property offers strong in-place income. Current market rents at the property are $2,364 whereas in place effective rents are $2,210 per month. A new investor can recognize revenue upside by eliminating $36,900 or $154/u/m in loss-to-lease by renewing or offering new leases to the units which are at below market levels. A new owner will also have the potential exit strategy of selling the units individually once the “for sale” market stabilizes.

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Emerald Landings
20 Units
7561 NW 88th Terrace
Tamarac, FL  33321
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Empire & Buena Vista Development Site
   
Burbank, CA
Cushman & Wakefield is pleased to present the exclusive listing of the 296-unit Landmark at Lake Ellenor apartment community in south Orlando, Orange County, Florida. Located a half mile west of US-441 and 2.5 miles east of the I-4 corridor, the asset offers quick access to south Orlando’s major employment centers, including Walt Disney World, Universal Orlando, Sea World, Darden Restaurants, and Lockheed Martin. Built in 1973, Landmark at Lake Ellenor offers investors an outstanding investment opportunity in one of Orlando’s highest rent growth submarkets.
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Enclave at Lake Ellenor
296 Units
2100 W. Oak Ridge Road
Orlando, FL  32809
Type: Conventional
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Emerald Green Portfolio (3 properties, 100 units)
Epworth Apartments
44 Units
3333-3339 Epworth Ave
Cincinnati, OH  45211
Type: Conventional
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Fairwood Landing Apartments
194 Units
Renton, WA
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Forest Oaks on Purdue
256 Units
5628 NW 23rd Street
Oklahoma City, OK  73127
Type: Conventional
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Forrest Court
46 Units
827 Forrest Drive
Newport News, VA  23606
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Boston Cove, Victoria Place & Forrest Court (3 properties, 116 units)
Forrest Court
46 Units
827 Forrest Drive
Newport News, VA  23606

1. Proven Value Add Opportunity a. Current Owner has upgraded 184 units with new black appliances, new cabinet door and hardware, new light fixtures and flooring. These upgrades achieve up to a $80 premium depending on the floorplan. A new owner has the opportunity to upgrade the remaining 57 units.

2. Excellent Northside Infill Location a. Fountain Parc is located off I-69, only minutes from Broad Ripple, Castleton, Keystone at the Crossing, and a short drive to downtown Indianapolis.

3. Recent Capital Improvements Completed a. Property has undergone $1M in capital improvements in the last 2 years including fitness center renovation, new leasing center, new signage, interior unit upgrades, and new bark park, playground, and bocce.

4. Strong Northeast Indy Submarket a. With 96% Average Occupancy of the surrounding comps and Rent Growth of 3.3% in 2020 the Northside of Indy continues to display growth and stability.

5. Offered Free & Clear a. The ability to purchase Fountain Parc free and clear allows new owners to take advantage of current all-time low rates, interest only periods and maximum leverage which all increase buyer returns

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Fountain Parc
240 Units
4901 Whitton Place
Indianapolis, IN  46220
*PRICE RECENTLY REDUCED* Price: $249,000 Price/Unit: $24,900
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Galaxy Estates
10 Units
4838, 4900, & 4902 East Culver Street
Phoenix, AZ  85008
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Garden
32 Units
2608-2618 East Roosevelt Street & 2623 East Portland Street
Phoenix, AZ  85008
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Garden Apartments
120 Units
1613 N MacArthur Blvd
Oklahoma City, OK  73127
Type: Conventional
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Glenbrook East
200 Units
26 Waverly Dr # G
Stroudesburg, PA  18360
Type: Conventional
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Gloria Park Villas
240 Units
3625 S. Decatur Blvd.
Las Vegas, NV  89103
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Grand Baldwin Building
190 Units
655 Eden Park Drive
Cincinnati, OH  45202
Sold
Grant's Trail
76 Units
2616 Union Road
St. Louis, MO  63125
Type: Conventional
Posted: 11/10/2017
Acacia Pointe sold on 10/15/13 for $8,528,000. Colony sold on 10/22/13 for $8,600,000.
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Greater Phoenix Multifamily Portfolio Opportunity
   
AZ
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Greenwood Apartments
291 Units
Englewood, CO
December 2014
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Grotto Apartments - 2014
11 Units
996 Grotto St N
St. Paul, MN  55103
Type: Conventional
December 2012
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Grotto Apartments 2012
11 Units
996 Grotto St N
St. Paul, MN  55103
Type: Conventional
Please do not disturb on-site management. All property visits must be scheduled with listing agent.
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Gulf Breeze Apartments & Storage
   
1727 Main Street
La Marque, TX  77568
Sold
Hammond Manor
98 Units
6214 NW 38th St
Oklahoma City, OK  73008
Type: Conventional
Sold
Hampton Garden Apartments
180 Units
9750 Peace Way
Las Vegas, NV
Type: Conventional