The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 44 -unit, Willow Bend apartment community located in Durham, NC. This asset is situated in the rapidly-expanding area of Southwest Durham, an integral part of the Research Triangle which is home to over 300 companies employing more than 50,000 workers. Willow Bend is just one mile away from Downtown Durham, one and a half miles away from Duke University, and two miles away from the new Google Office. There are also three shopping centers within a 3-mile radius of the property. Built in 1993, Willow Bend offers an outstanding opportunity to invest in the thriving area, while also providing the prospect to complete an in-place value-add program that can generate an additional $53k in revenue and improve NOI by 16%.
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Willow Bend
44 Units
1718 Palmer Street
Durham, NC  27707
Type:  Multifamily
Closed: 7/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 154-unit Avalon Plaza 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 (12.5M SF of Retail) and half a mile west of the I-65 interchange (38,000 VPD), residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1973, Avalon Plaza offers an outstanding opportunity to invest in a partially completed value add opportunity with significant upside for the next investor, with larger sized townhomes representing over 50% of the unit mix.
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Avalon Plaza
154 Units
3600 Michael Boulevard
Mobile, AL  36609
Type:  Multifamily
Closed: 7/7/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Elan Ruby Lake, a 372-unit garden-style apartment community located in Orlando, Florida (the "Property"). Completed in 2022, the Property is situated on 16.8 acres adjacent to Lake Ruby on the west side of Interstate-4.

Elan Ruby Lake features 10 three and four-story residential buildings and a community clubhouse. The average unit size of the apartment homes is 962 s.f. across one, two, and three-bedroom floor plans. Unit interiors feature stainless steel appliances, quartz countertops, built in closet systems, kitchen islands, and natural hardwood plank-style flooring. The Property boasts an impressive amenity package including two swimming pools, a state-of-the-art fitness center and yoga studio, an outdoor game lounge, a business hub with flexible work-spaces, an outdoor kitchen with BBQ stations, an on-site pet spa and dog park, a media and clubhouse game room, 24/7 package lockers, two bocce ball courts, a fitness track, and property-wide walking paths among other offerings.

The Property offers immediate access to a surplus of lifestyle amenities including extensive retail and recreational offerings with more than 1.7 m.s.f. of retail within one mile. Additionally, the Property is ideally positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f. of office space, and adjacent to Interstate-4, providing easy access to a diverse set of major employers throughout the Orlando MSA.

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Elan Ruby Lake
372 Units
9950 Elan Circle
Orlando, FL  32836
Closed: 7/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of The Lofts at Twenty25, a uniquely repositioned 623 unit high-rise asset located in the heart of Atlanta, GA. The Lofts at Twenty25 is perfectly positioned at the intersection of Atlanta’s top Central Business Districts, Midtown (110K Jobs) and Buckhead (100K Jobs). The Lofts’ strategic redevelopment was completed in 2021 and will benefit from its prime location also provides direct and convenient access to Atlanta’s top dining and entertainment options. The Lofts at Twenty25 has proven their desirability via staggering property trends, averaging 68 leases per month, while offering zero historical concessions.
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The Lofts at Twenty25
623 Units
2025 Peachtree Road
Atlanta, GA  30309
Closed: 7/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Arkansas 360 portfolio, 5 properties and 360 total units spanning the North Little Rock, Hot Springs, and Fort Smith markets. Each market offers the investor a diversified tenant pool with stable job growth projections. Built between 1973-2005, the Arkansas 360 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio while allowing the next owner to inject additional capital for interior value add, refreshed exteriors, and boost exit value.
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Arkansas 360 Portfolio (5 properties, 360 units)
Glen Oaks
56 Units
8817 S 28th Street
Fort Smith, AR  72908
Closed: 7/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present The Monroe, a 217 unit institutional multifamily asset located in one of Atlanta’s most desirable intown neighborhoods - Collier Hills. The Monroe is strategically positioned at the intersection of Atlanta’s top Central Business Districts, Midtown (110K Jobs) and Buckhead (100K Jobs). The property is immediately adjacent to one of Atlanta’s largest medical jobs hubs - the property is directly adjacent to Piedmont Hospital’s brand new 1.5M SF expansion. This asset offers a unique opportunity to acquire a stabilized asset in a premier intown with long term sustainability.
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The Monroe
217 Units
222 Colonial Homes Drive
Atlanta, GA  30309
Type:  Multifamily
Closed: 7/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Arkansas 360 portfolio, 5 properties and 360 total units spanning the North Little Rock, Hot Springs, and Fort Smith markets. Each market offers the investor a diversified tenant pool with stable job growth projections. Built between 1973-2005, the Arkansas 360 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio while allowing the next owner to inject additional capital for interior value add, refreshed exteriors, and boost exit value.
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Arkansas 360 Portfolio (5 properties, 360 units)
Village Meadows
40 Units
9801 Meandering Way
Fort Smith, AR  72903
Closed: 7/6/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Ancora, a 289-unit Class A apartment community located in Orlando, Florida (the "Property"). Completed in 2018, the Property is situated on 16.5 acres in the core of Orlando’s tourist corridor.

Ancora features two four-story residential buildings with first and second-floor common areas. The average unit size of the apartment homes is 969 s.f. across one, two, and three-bedroom floor plans. The Property features best-in-class amenities including a 24-hour two-story fitness center with yoga studio, Fitness-On-Demand, and boxing zone, infinity pool with summer kitchen and cabanas, resident game room with billiards and virtual golf simulator, theater room, business center, kid’s room, dog wash and spa, electric car charging stations, and package concierge among other community offerings.

The Property is located along iconic International Drive, offering residents immediate access to an unmatched set of shopping and dining attractions, first-class resorts, theme parks, and golf courses. Additionally, the Property is well-positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f of office space, and in close proximity to Interstate-4, providing direct access to a wide range of employment hubs throughout the Orlando Metro Area.

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Ancora
289 Units
10107 Ancora Circle
Orlando, FL  32821
Type:  Multifamily
Closed: 7/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 297-unit Osprey and Heron on the Bluffs apartments located in Savannah, Chatham County, Georgia. This portfolio’s unmatched access to Savannah’s major employers and retail is enhanced by major infrastructure improvements. All of which spurs the recent population growth and rapidly rising income. Built in 1986, Osprey and Heron represent an outstanding opportunity to invest in a portfolio coupled with a proven value-add program that can be elevated to garner premiums north of $200. The recently announced Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further adding to Savannah’s explosive development and job growth.
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Bluffs Portfolio (2 properties, 297 units)
Heron on the Bluffs
120 Units
10014 White Bluff Road
Savannah, GA  31406
Type:  Multifamily
Closed: 7/1/2022
The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of Huntley Ridge Apartments, an 88-unit apartment community located in the Kettering submarket of Dayton, OH. This asset is located in an excellent school district and close to major retail and restaurant corridors. Built in 1945 Huntley Ridge represents an outstanding opportunity to invest in a well maintained, partially renovated asset, in a highly demanded submarket.

1. VALUE ADD OPPORTUNITY
Current owners have begun interior upgrades in select units, resulting in increases over $100 in some units. Huntley Ridge presents an opportunity for an investor to come in and finish the upgrades to all units and add property amenities in order to continue to push rents higher. Additionally, current owner did not allow pets which a new owner can permit and add substantial additional income.

2 . DIVERSE UNIT TYPES INCLUDING COVETED TOWNHOMES
With 1, 2 and 2-bedroom townhouses, Huntley Ridge offers a great mix of unit styles attracting a wide base of potential residents. 32 of units at the property are townhomes.

3 WELL LOCATED TO RETAIL, RECREATION & EMPLOYMENT
Residents of Huntley Ridge are minutes from all daily conveniences and leisure activities. The property is within a 2-mile radius to numerous retail and restaurant amenities. Huntley Ridge is also conveniently located near major employment such as 3 miles to the University of Dayton & Wright Patterson Air Force Base is a 15 minute drive.

4. STRONG MARKET FUNDEMENTALS
The Kettering submarket of Dayton has experienced substantial rent growth with rents growing 6% Year over Year. Kettering will continue to achieve high rent growth due to a lack of new multifamily development. This submarket has also seen occupancy consistently be over 95%
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Huntley Ridge
88 Units
520 Aberdeen Ave
Dayton, OH  45416
Type:  Multifamily
Closed: 7/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 297-unit Osprey and Heron on the Bluffs apartments located in Savannah, Chatham County, Georgia. This portfolio’s unmatched access to Savannah’s major employers and retail is enhanced by major infrastructure improvements. All of which spurs the recent population growth and rapidly rising income. Built in 1986, Osprey and Heron represent an outstanding opportunity to invest in a portfolio coupled with a proven value-add program that can be elevated to garner premiums north of $200. The recently announced Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further adding to Savannah’s explosive development and job growth.
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Bluffs Portfolio (2 properties, 297 units)
Osprey on the Bluffs
177 Units
11900 White Bluff Road
Savannah, GA  31419
Type:  Multifamily
Closed: 7/1/2022
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Park West
278 Units
1663 Hillcrest Road
Mobile, AL  36695
Type:  Multifamily
Closed: 7/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit South Carolina Value-Add Portfolio located in two of South Carolina’s most admired cities, Columbia and Spartanburg. Both assets are situated in South Carolina’s most robust and diverse markets with major employment centers and multifamily fundamentals that will support both assets for the long haul. Both the East Columbia and East Spartanburg submarkets are characterized by impressive rent growth, 15% and 20% respectively, dominant white-collar workforces, and majority renter occupied populations. Arbors at Windsor Lake and Cross Creek are both set to benefit from their strong micro locations with qualities such as impressive area demographics and seamless connectivity to economic drivers. Built in 1991/1981, the portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in high growth southeastern markets with strong value-add opportunities to command average premiums of $255.
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South Carolina Value-Add Portfolio (2 properties, 380 units)
Arbors at Windsor Lake
228 Units
8720 Windsor Lake Boulevard
Columbia, SC  29223
Type:  Multifamily
Closed: 6/30/2022

New Construction with Revenue Upside

Completed in 2021, the current owner does not bill back for water and sewer, and provides bulk internet and cable. Additional revenue could be made by billing back for water/sewer and internet/cable.

7.0% Cap Rate with Five-year Tax Abatement/ 5.8% Cap Rate without Tax Abatement

Baldwin Heights offers immediate cash flow selling at a 7.0% cap rate with a five-year tax abatement in place. Without the abatement, the cap rate is 5.75%.

Near Significant Employment

Toyota Motor Manufacturing | Indiana (7,296 employees) is less than five miles from Baldwin Heights. The company is adding an additional 1,400 employees by the end of 2023. Additional employers nearby include Duke Energy (1,400 emp), Vuteq Corp. (654 emp), Deaconess Gibson Hospital (350 emp) and Hansen Corp. (233 emp).

Desirable Unit Features

All units offer full size washer/dryer connections and machines, open layout, modern kitchens and bathrooms, ceiling fans, and a full appliance package. Units are large, averaging 999 square feet.

Limited Competition

There is very little direct competition for Baldwin Heights. Vail Estates is the only other apartment property that is comparable.

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Baldwin Heights
48 Units
220 Garfield Avenue
Princeton, IN  47270
Type:  Multifamily
Closed: 6/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 305-unit Lively at Carolina Forest apartment community located in Myrtle Beach, S.C. As the fastest growing city in the United States, Myrtle Beach is leading the surge of southern coastal migration posting 51% population growth since 2000, outpacing all other coastal markets. Unmatched multifamily market fundamentals including impressive rent growth (41% since 2015) and population growth prime The Lively at Carolina Forest for years to come. The property is centrally located within the planned Carolina Forest community which is characterized by a highly educated, affluent, white-collar workforce and is surrounded by an array of lifestyle amenities including top tier schools and retail. Built in 2017, featuring awe-inspiring curb appeal and a top notch amenity package, The Lively at Carolina Forest presents an exceptional opportunity to invest in a high-quality sought after product with potential to drastically increase rents through a light value-add campaign to bridge the $535+ average rent gap that exists between top market competitors.
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Lively at Carolina Forest
305 Units
107 Village Center Boulevard
Myrtle Beach, SC  29579
Type:  Multifamily
Closed: 6/30/2022
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Seleno at Bridge Street
244 Units
6854 Governors West NW
Huntsville, AL  35806
Closed: 6/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 124-unit Waldan Pond apartment community located in Acworth, GA. This asset is situated in the North Atlanta suburbs with desirable supply constraints allowing rent growth in the submarket to surpass 67% over the last five years. The property benefits from impressive surrounding demographics, including an average household income of $100K within a 5-mile radius. Currently trailing nearby properties by an average $500, Waldan Pond is primed for an interior value-add program. Built in 1986, Waldan Pond represents an outstanding opportunity to invest in an under-supplied location with strong recent leases and market proven upside.
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Waldan Pond
124 Units
450 Waldan Circle
Acworth, GA  30102
Type:  Multifamily
Closed: 6/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 50-unit Sycamore Apartment Homes apartment community located in Fayetteville, NC. This asset is situated in by the region’s prominent thoroughfares, which provide residents convenient access to the plethora of retail in the immediate area as well as the largest employers in the area, including Fort Bragg. Sycamore Apartment Homes offers investors the opportunity to invest in a strong performing asset with a proven value-add that is asking $150 rent premiums proven over classic units. With a limited delivery pipeline and vacancy hovering around record lows of 3.3%, the asset is primed to capitalize on this strong submarket that has achieved 11.9% rent growth YoY.
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Sycamore Apartment Homes
50 Units
813 Carol Street
Fayetteville, NC  28303
Closed: 6/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of 2050 Morningside in Atlanta, Georgia. 2050 Morningside provides an opportunity to acquire a strategic institutional asset with significant rental upside. The property is surrounded by major intown rental pressure at the true center of Atlanta’s job driver triangle created by Midtown, Buckhead, and the Clifton Corridor. The Morningside submarket has experienced explosive growth with continued investment and commitment to providing a highly desired intown culture. Future developments such as the new MARTA line extending through the Clifton Corridor to create an intown loop will further solidify 2050 Morningside’s positioning within the growing Morningside submarket.
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2050 Morningside
198 Units
2050 Cheshire Bridge Road
Atlanta, GA  30324
Type:  Multifamily
Closed: 6/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 72 & 56-unit Chambers Cove and Linkwood Manor apartment communities located in Macon, Bibb County, GA. This portfolio is strategically located in West Macon, moments away from big-box retailers like Sam's Club, Best Buy, Kroger, The Home Depot and minutes away from the $100M Macon Mall Revitalization project. Built in 1968, 1990 & 1995, Chambers Cove and Linkwood Manor offer an outstanding opportunity to invest in an asset primed for value-add as 100% of the units are classic allowing for large rental premiums.
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Chambers Cove & Linkwood Manor (2 properties, 128 units)
Chambers Cove
72 Units
208 Chambers Cove Drive
Macon, GA  31206
Type:  Multifamily
Closed: 6/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 72 & 56-unit Chambers Cove and Linkwood Manor apartment communities located in Macon, Bibb County, GA. This portfolio is strategically located in West Macon, moments away from big-box retailers like Sam's Club, Best Buy, Kroger, The Home Depot and minutes away from the $100M Macon Mall Revitalization project. Built in 1968, 1990 & 1995, Chambers Cove and Linkwood Manor offer an outstanding opportunity to invest in an asset primed for value-add as 100% of the units are classic allowing for large rental premiums.
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Chambers Cove & Linkwood Manor (2 properties, 128 units)
Linkwood Manor
56 Units
3387 Rice Mill Road
Macon, GA  31206
Closed: 6/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Flats at Arrowood, a 301-unit apartment community located in Southeast Charlotte, North Carolina. Located just south of South End, one of the strongest MSA submarkets in the nation, the asset benefits from an increasingly affluent tenant base characterized by soaring HHI (94k+) and growing renter population (55%). A dwindling supply pipeline and skyrocketing population bolster submarket fundamentals, providing confidence the area can achieve significant rent growth (30% by 2026). This unique investment provides investors the opportunity to capitalize on the property’s strong operational momentum, with potential to boost NOI by $830k+ through completion of a proven value-add initiative capable of achieving up to $325 premiums.
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The Flats at Arrowood
301 Units
8508 Lodge S. Circle
Charlotte, NC  28217
Type:  Multifamily
Closed: 6/28/2022

Cushman & Wakefield is pleased to exclusively offer for sale 2525 Turtle Creek Boulevard (the “Property”), located in one of Dallas’ most sought-after enclaves. The Property is one of the only remaining parcels of its size suitable for high-density development under its existing zoning within the Turtle Creek submarket. Originally built in 1961, the ±4.446-acre Property consists of 108 condominium units and is named the Turtle Creek Gardens Condominiums. The current low-density condominiums no longer constitute the Property’s highest and best use, as there has been an unprecedented surge in demand for high-density development in the area. This surge in demand can be attributed to Dallas’ unrivaled employment growth, having led the nation in new jobs over the past three years. Due to its low cost of living, high quality of life and pro-business environment, Dallas continues to see an influx of corporate relocations from across the country, which drives its rapid expansion.

Offering Memorandum and related documents can be found at 2525turtlecreekblvd.com.

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2525 Turtle Creek
4.44 Acres
2525 Turtle Creek Blvd.
Dallas, TX  75219
Type:  Land
Closed: 6/27/2022

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IndySix Portfolio
2,103 Units
Indianapolis, IN
Type:  Multifamily
Closed: 6/25/2022