The Cushman & Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive listing of The Linkwood Apartments located within Baltimore’s Tuscany-Canterbury neighborhood. The Property is well-placed, equidistant from Johns Hopkins University and Loyola University Maryland, while also adjacent to Roland Park and Guilford, Baltimore City’s two preeminent residential enclaves.

The Linkwood Apartments offer investors the compelling opportunity to acquire a light value-add garden-style apartment community that feature two-bedroom units, and communal amenities such as on-site parking and laundry. Further value can be created through the cosmetic renovation of existing kitchens and bathrooms. The opportunity exists to continue operating the community as conventional multifamily housing or converting the property to student housing. Additionally, all utilities are paid by the Property except for individual electric and select RUBS Billing. Effectuating the Rubs Program consistently throughout the community, as well as billing regularly for parking can bolster existing Net Operating Income.

...
Sold
Linkwood Apartments
48 Units
4000-4014 Linkwood Road
Baltimore, MD  21210
Type:  Multifamily
Closed: 10/14/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 201-unit Carriage House Townhomes community located in Ocala, Florida.

...
Sold
Carriage House Townhomes
202 Units
2701 NE 7th Street
Ocala, FL  34470
Type:  Multifamily
Closed: 10/13/2022
Sold
Summerchase at Riverchase
240 Units
100 Summerchase Drive
Hoover, AL  35244
Closed: 10/13/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Lake Forest Apartment Homes, a 384-unit value-add multifamily community in Daytona Beach, Florida.

...
Sold
Lake Forest
384 Units
600 Jimmy Ann Drive
Daytona Beach, FL  32114
Closed: 10/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Hawthorne at the Crest apartment community located in Ooltewah, Hamilton County, Tennessee. A high growth suburb in Chattanooga, Ooltewah is minutes away from the 1,400 acre Volkswagen production facility, 1M SF Amazon distribution center, as well as several major retail corridors. With the completion of construction in July 2022, Hawthorne at the Crest is set to excel through the combination of strong demographics and demand for quality product. It's completion coincides perfectly with Volkswagen's April 2022 announcement of 1,000 additional jobs being added to its Chattanooga factory.
...
Sold
Hawthorne at the Crest
176 Units
5060 City Station Drive
Ooltewah, TN  37363
Type:  Multifamily
Closed: 10/11/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire BLUME (the “Property”) – a boutique, Class-AAA, 100-apartment high-rise community located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2019 and owned by 37 Gables Property LLC, an affiliate of Greystone, the Property has large floorplans - almost 900 square feet - with a mix of lofts, one-, and two-bedroom units, along with 6,191 square feet of ground floor retail.

The Property provides an exceptional location with proximity to jobs, dining, and nightlife within downtown Coral Gables. Within a one-mile radius of the Property there is 8.9 million square feet of office space. Blume is offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high-rise apartment community with a unique boutique feel, only moments from the center of its most affluent and economically robust city.

...
Sold
Blume Coral Gables
100 Units
1501 SW 37th Avenue
Miami, FL  33145
Closed: 10/10/2022
Sold
Biloxi Oaks
255 Units
1168 Judge Sekul Avenue
Biloxi, MS  39530
Closed: 10/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 320-unit Columns at Vinings apartment community located in northwest suburban Atlanta, Cobb County, GA. This well-located asset is situated in the desirable Vinings neighborhood, with immediate access to over 42M SF of office space and close proximity to major employers such as Home Depot HQ and the new Papa Johns HQ. Columns at Vinings benefits from a top live-work-play destination, surrounded by Truist Park and The Battery, Jubilee Shopping Center (Downtown Vinings) and several recreational trails. Current ownership has renovated 190 units (59%), and average rents at the property trail market rents by $250-$300. A new owner can generate revenue by renovating the remaining 130 units while also pushing rents organically. Built in 1985, Columns at Vinings represents an opportunity to invest in a highly sought after Atlanta submarket with proven value-add and organic rent growth upside.
...
Sold
The Columns at Vinings
320 Units
1900 Tamarron Parkway SE
Atlanta, GA  30339
Type:  Multifamily
Closed: 10/7/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire the 340-unit Blue Isle, located in Coconut Creek Florida. The property features a mid of one- and two-bedroom units spread across 21+ acres for a low-density site plan of only 16 units per acre. Over the past 10 years, Blue Isles has received an infusion of capital invested into the property including the full renovation of 21 units. With only 9% of the units renovated, the property is perfectly positioned to implement a significant renovation program on the remaining units and increase rents with premiums in excess of $300 per month.

Located in Central Broward, Blue Isle is uniquely positions with access to most of South Florida’s top employment markets. Residents are only minutes away from Florida’s Turnpike and I-95, providing quick commutes to major employment markets such as Boca Raton (17.7M SF), Cypress Creek (8.2M SF), Sunrise/Plantation (12.7M SF) and the Fort Lauderdale CBD (10.1M SF).
...
Sold
Blue Isle
340 Units
5100 West Sample Road
Coconut Creek, FL  33073
Closed: 10/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
...
Sold
Florida 5 Portfolio (4 properties, 466 units)
Bridge Harbor
124 Units
401 Rhett's Loop
Callaway, FL  32404
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Hidden Creek apartment community located in Jeffersonville, Louisville MSA, Indiana. This asset is situated north of the Louisville MSA. River Ridge, a 6,000-acre industrial park that employs 10K+, is just 10 minutes from the property. Additionally, the Ports of Indiana-Jeffersonville, houses 12K annual jobs and is only 3 minutes from the property. Southern Indiana is experiencing rapid rent growth due to population and employment outpacing demand. Built in 1971, Hidden Creek offers an outstanding opportunity to invest in an asset primed for a full interior renovation program embedded in a high growth submarket.
...
Sold
Hidden Creek
184 Units
3130 Middle Road
Jeffersonville, IN  47130
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
...
Sold
Florida 5 Portfolio (4 properties, 466 units)
Indigo
140 Units
5984 Gulf Breeze Parkway
Gulf Breeze, FL  32563
Type:  Multifamily
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
...
Sold
Florida 5 Portfolio (4 properties, 466 units)
Keystone Place
102 Units
110 W Iron Horse Drive
Crestview, FL  32539
Closed: 10/4/2022
Sold
Kings Run
36 Units
1232 W. 73rd Street
Indianapolis, IN  46260
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
...
Sold
Florida 5 Portfolio (4 properties, 466 units)
Parkview at Lynn Haven
100 Units
1009 Parkview Drive
Lynn Haven, FL  32444
Type:  Multifamily
Closed: 10/4/2022
Main & Main | High income & Growth Location

Truly Outstanding “Main & Main” Location in Fishers / Hamilton County, the Wealthiest and Fastest Growing County in Indiana. Located at 116th St & Allisonville Rd, Sanctuary has excellent visibility and is walkable to numerous retail and employment centers and restaurants.

Partially Renovated & Meticulously Maintained

This asset is extremely well maintained with over $4.6M of capital spent on unit and property upgrades. Most units have received light upgrades including flooring, lighting and crown molding.

Flawless Performance & High Growth

The steady 97% T-12 occupancy demonstrates the location and the product are in high demand. Rent growth is extremely strong with year-over-year organic rent increases are 10%.

Timeless Architecture & Sought After Features

The Sanctuary at Fishers is a 1995-built asset with excellent amenities, classic architecture and luxurious sought-after unit features including 9' ceilings, breakfast bars, in-unit washer/dryers and attached garages.

Huge Upside & REnts Below Competition

The Sanctuary at Fishers offers excellent upgrade potential. Through unit renovations, an average forecast rent premium of $290 can be achieved. These rents are still $200-$1,200 below the brand new product in the market.

...
Sold
The Sanctuary at Fishers
300 Units
11400 Gables Drive
Fishers, IN  46038
Type:  Multifamily
Closed: 10/3/2022
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 6855 N. Ocean Boulevard, a 2.15+ acre, oceanfront development opportunity positioned in the affluent community of Ocean Ridge, Palm Beach County, Florida. The property is zoned to permit multifamily development making it an ideal candidate for an ultra-luxury, boutique condominium featuring unobstructed ocean views and direct beach access. The site is positioned adjacent to the renowned Ocean Club of Florida, a private social club offering a wide range of amenities, activities and wealthy membership, many of whom represent potential purchasers of condominiums developed on the property.
...
Sold
6855 N Ocean
2.15 Acres
6855 N. Ocean
Ocean Ridge, FL  33435
Type:  Land
Closed: 10/1/2022
Cushman & Wakefield is pleased to present Guardian Place I & II, a unique 236-unit, two property portfolio in Richmond's high growth Scott's Addition neighborhood. The portfolio is comprised of Guardian Place I (121-units) and Guardian Place II (115-units), which are currently age-restricted and affordable under the LIHTC program. Significant value can be added at the expiration of the extended use period which occurs in 2023 for GP I and 2029 for GP II. The portfolio's location within the path of growth in Scott's Addition makes this a rare opportunity within the expanding Richmond MSA.
...
Sold
Guardian Place I & II
236 Units
1620 N Hamilton Street
Richmond, VA  23230
Closed: 10/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the MarQ Vestavia, 170 units located in Vestavia Hills, AL (Birmingham MSA). Vestavia Hills features the state’s 2nd ranked school district (excluding magnet and charter schools), $150k Average Household incomes and heavily restricts new multifamily developments. This newly renovated asset arrives to market 98%+ occupied with strong organic rent growth trends featuring 6%+ rent growth YoY and a diminishing loss-to-lease trend. Originally constructed in 1973 and fully rehabbed in 2017/2018 as part of a $5.3M renovation, MarQ Vestavia represents the opportunity to acquire class A finishes in an idyllic suburban setting.
...
Sold
MarQ Vestavia
170 Units
1800 Arboretum Circle
Vestavia Hills, AL  35216
Type:  Multifamily
Closed: 9/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 304-unit Park 35 apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, this asset has close-in access to all of Atlanta’s major employment hubs via I-285 and I-20. Built in phases from 1965-2000, Park 35 offers an outstanding opportunity to invest in a high-performing, well-located asset, primed for ROI. With essentially 100% classic units, Park 35 allows for an elevated value-add plan to push rents at nearly $500 per unit.
...
Sold
Park 35
304 Units
3529 Robins Landing Way
Decatur, GA  30032
Closed: 9/30/2022
Sold
Pinnacle on Meridian
36 Units
8555 One West Drive
Indianapolis, IN  46260
Type:  Multifamily
Closed: 9/30/2022
Sold
Aspen Chase at Eagle Creek
130 Units
5340 Acorn Lane
Indianapolis, IN  46254
Closed: 9/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of Canebrake Landing, a 96-unit, 2022-built BTR community located in Maurice, LA, just 11 miles outside of Lafayette. Canebrake Landing is the first purpose-built BTR community in the Lafayette MSA. The property benefits from being the only BTR asset in a supply-strained market, where year-over-year rent growth is average 9.4%. Just 15 minutes from Lafayette and up-and-coming Youngsville, LA, the property is surrounded by a number of major employers and retail hubs. Built in 2022, the asset is comprised of large 3BR and 4BR floorplans, boasting premium modern finishes, average unit sizes of 1,498 SF, large 2-car garages and fenced backyards. New ownership is well positioned to capture upward momentum upon stabilization and by burning off current LTL. Canebrake Landing offers investors an outstanding opportunity to invest in a BTR asset in a high income suburb of Lafayette, LA.
...
Sold
Canebrake Landing
96 Units
3503 Minvielle Boulevard
Maurice, LA  70555
Type:  Single-family
Closed: 9/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of FarmHaus by Watermark, a Thompson Thrift Company. The property offers 324 Class A+ units located in one of the premier growth markets in the country, Huntsville AL. Huntsville, arguably one of the hottest economic metros in the U.S., has added $5B+ of capital investments since 2018 and has experienced 8% avg. rent growth since 2019. The asset is easily accessible via Hwy-72 to multiple job cores throughout Huntsville including Redstone Arsenal (44K+ jobs), Cummings Research Park (27K+ jobs), and the newly delivered Toyota-Mazda Plant (4K+ jobs). The area includes a Publix & 350K SF of proposed office space. Delivered in mid-2021, FarmHaus is one of the market’s top luxurious housing communities, featuring numerous designer finishes and top of the line modern amenities. Boasting excellent lease-up velocity (21 units/month on avg. & 0% LTL on last four of five move-ins), the asset is perfectly positioned to capture significant organic rent growth through second-generation leasing. The subject’s superb construction quality, retail proximity and connectivity to massive job cores ensures future ownership is optimally primed to achieve profitable upward momentum.
...
Sold
FarmHaus by Watermark
324 Units
1260 Balch Road
Madison, AL  35757
Closed: 9/29/2022