The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Galleria 3 Portfolio, an 825-unit value add portfolio centralized in the desirable Hoover municipality of Birmingham, Alabama. The portfolio is comprised of three communities: The Park at Galleria (431 units), The Place at Galleria (150 units), and The Renaissance at Galleria (244 units). Hoover is ranked the 4th best place to live in Alabama (Niche, 2018), boasting a state ranked school system, affluent demographics, and heavy barriers to entry for multifamily. The municipality also offers access to over 10,000 jobs and 2.8 million square feet of quality retail, along with a healthy pipeline of new economic development. Delivered between 1972 and 2002, The Galleria 3 Portfolio offers proven value add upside and heavy operational upside, both of which can create massive cash flow for the next investor.
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Galleria 3 Portfolio (3 properties, 825 units)
Renaissance at Galleria
244 Units
3800 Galleria Woods Drive
Hoover, AL  35244
Type: Conventional
Closed: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 91-unit Riverwood Park apartment community located in Rome, Floyd County, Georgia. This asset is situated less than a mile from downtown Rome and offers easy connectivity via US-27/Martha Berry Blvd. Rome, home to Berry College, is a thriving city in Northwest Georgia, with a stable economy anchored in the recession-proof education and medical industries. Built in 1997, Riverwood Park represents an outstanding opportunity to invest a very favorable submarket which has experienced 19% growth since 2014.
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Riverwood Park
91 Units
525 West 13th Street
Rome, GA  30165
Type: Conventional
Closed: 2/28/2019
Visit to view listing documents.
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The Flats at West Broad Village
339 Units
3930 Wild Goose Lane
Glen Allen, VA  23060
Closed: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit The Chimneys of Greenville apartment community located in Taylors, South Carolina. The Chimneys of Greenville is strategically positioned along I-85 between Atlanta and Charlotte and in the heart of Greenville’s "Industry Triangle." The Chimneys of Greenville provides easy access to Greenville and Spartanburg’s largest employers. In addition, the property is well positioned to realize remarkable benefits and a 36% boost in NOI with the completion of the in-place value-add program.
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The Chimneys of Greenville
168 Units
4990 Old Spartanburg Road
Taylors, SC  29687
Type: Conventional
Closed: 2/27/2019

Nestled among a lush landscape, including sweeping willow trees and a large, peaceful pond with multiple fountains, Waterleaf Apartments sprawls across 22 acres in the popular Greentree neighborhood of Madison.  The asset is a perfect value-add opportunity that affords an owner the ability to renovate units and add amenities.  Comprising 176 one-, two- and three bedroom units, Waterleaf Apartments provides endless options to increase value.  Until recently, Waterleaf Apartments was encumbered by a LURA (Land Use Restrictive Agreement) with rent restrictions.  However, now that the building is fully unrestricted, ownership has begun to push rents on renewals and new leases.  A new investor will be able to continue this practice and implement a strategic value-add strategy that could include interior renovations and additional amenities and upgrades.  Both the submarket and Madison itself experiences srong rent growth and high occupancies.  Rent growth over the past three years has averaged 2.7% and occupancies have hovered around 95%, allowing for long term growth and strong returns.

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Waterleaf Apartments
176 Units
6701-6785 Schroeder Rd.
Madison, WI  53711
Type: Conventional
Closed: 2/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are pleased to present the exclusive listing of the 264-unit 21 South at Parkview apartment community located in Baton Rouge, LA. Situated just minutes from Baton Rouge’s most affluent communities and prestigious retail, 21 South at Parkview’s immediate area boasts average household income of roughly $77K. With approximately $2.8M ($10K per unit) in capital improvements spent since acquisition, current ownership upgraded every aspect of the property. New ownership can focus on a light value-add program to maximize value and increase its already strong market position within the Baton Rouge submarket.
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21 South at Parkview
264 Units
4944 South Sherwood Forest Blvd.
Baton Rouge, LA  70816
Type: Conventional
Closed: 2/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit, 1987-built Paces Run located in Columbia, SC and the 208-unit, 1985-built Chatham Wood located in High Point, NC. Embedded in a strong blue-collar region, both properties sit less than 7 miles from large-scale new and expanding distribution facilities that continue to drive population and organic rent growth. Paces Run recently received a capital infusion of $600,000, including new roofs on all but 2 buildings over the past 5 years, and Chatham Wood has undergone exterior renovations of over $1.2M, prepping the communities for a proven value add initiative that could potentially boost NOI by 32%-35%.
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Chatham Wood & Paces Run (2 properties, 468 units)
Chatham Wood
208 Units
808 Lakecrest Avenue
High Point, NC  27265
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
Nottingham
146 Units
2337 Sharon Drive
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
Nottingham North
161 Units
2401 Nottingham Way
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 407-unit Northwest Albany Portfolio of apartment communities located in Albany, Dougherty County, Georgia. These synergistic assets are situated in the strategically-located Northwest submarket of Albany, highlighted by its immediate access to the market’s destination retail district. Built between 1969 and 1978, the assets represent an outstanding opportunity to invest in one portfolio with a unique combination of advantages: vast economies of scale, management upside, and value-add potential.
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Northwest Albany Portfolio (3 properties, 407 units)
The Village
100 Units
2507 Nottingham Way
Albany, GA  31707
Type: Conventional
Closed: 2/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit The Grove on Southlake apartment community located in Morrow, Clayton County, GA. This top of the market community boasts a strategic location in Atlanta’s thriving "Southern Crescent". The "Southern Crescent" market, which is roughly defined as the area south of I-20, has accounted for 14% of Atlanta’s population growth while only accounting for 3% of the metro’s new inventory this cycle, a catalyst for continued rent growth. Effective rents for Clayton County have grown by more than 40% since 2010. These incredible supply demand dynamics will translate to compelling growth that can be enhanced by elevating the property’s interior finishes to meet market demand. The Grove on Southlake is an excellent opportunity to acquire a true value-add investment well below replacement cost.
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The Grove on Southlake
260 Units
7290 Southlake Parkway
Morrow, GA  30260
Type: Conventional
Closed: 2/15/2019
Calais Park offers an investor the opportunity to significantly enhance revenue and value through implementation of a market-supported unit upgrade program. Construted in 2003, the apartments at Calais Park are among the largest in the region. The community is positioned along Interstate 275, immediately proximate to an I-275 interchange placing it within minutes of several large employment centers and the downtown St. Petersburg entertainment district.
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Calais Park Lofts
261 Units
5800 Calais Lane
St. Petersburg, FL  33714
Closed: 2/14/2019

Castle Point is a distinctive 740-unit property located at 18011 Cleveland Road in South Bend, Indiana. Built in three phases between 1974 and 1980, the property sits on almost 50 acres and consists of an exceptionally large clubhouse / amenity center and thirty-one two-story residential buildings and a maintenance shop. Due to its size, proximity to University of Notre Dame, and its many amenities, the community is an apartment landmark in South Bend.

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Castle Point
740 Units
18011 Cleveland Rd
South Bend, IN  46637
Type: Conventional
Closed: 2/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit East Tennessee Affordable Portfolio comprised of two properties located in LaFollette and Newport, Tennessee. Both assets are situated just outside the rapidly-expanding Knoxville MSA. Built in 2005, the portfolio offers an outstanding opportunity to invest in high quality, newer vintage, LIHTC assets significantly below replacement cost with substantial upside. Offers will be accepted on the full portfolio and/or on individual properties.
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East Tennessee Affordable Portfolio (2 properties, 176 units)
Cocke Estates
88 Units
100 Elena Lane
Newport, TN  37766
Type: LIHTC
Closed: 2/13/2019

Harbour Town Apartments is a 104-unit luxury apartment community located on beautiful Morse Lake in affluent and fast-growing Noblesville, Hamilton County, Indiana. Recent property renovations include all new windows and patio doors. Many units have received various levels of upgrade, 34 of which receive rent premiums of $75-$165. The community also offers residents a pool with sundeck, fitness center, playground, dog park, picnic areas, available covered parking and the very unique feature of private boat docks. All units feature private patios or balconies, wood burning fireplaces, large closets and fully-equipped kitchens including microwaves. Select units have washer/dryer connections and wrap-around balconies.

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Harbour Town
104 Units
222 Waterfront Court
Noblesville, IN  46060
Type: Conventional
Closed: 2/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit East Tennessee Affordable Portfolio comprised of two properties located in LaFollette and Newport, Tennessee. Both assets are situated just outside the rapidly-expanding Knoxville MSA. Built in 2005, the portfolio offers an outstanding opportunity to invest in high quality, newer vintage, LIHTC assets significantly below replacement cost with substantial upside. Offers will be accepted on the full portfolio and/or on individual properties.
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East Tennessee Affordable Portfolio (2 properties, 176 units)
LaFollette Estates (TC)
88 Units
123 Brooke Place Lane
LaFollette, TN  37766
Type: LIHTC
Closed: 2/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 294-unit Shadow Ridge apartment community located in Riverdale, Clayton County, GA. This asset is situated in the in-fill Clayton County apartment submarket, characterized by limited new deliveries and strong organic rent growth of 40% since 2010. Shadow Ridge’s location, being less than 30 minutes from the Atlanta Central Business District and less than 15 minutes from Hartsfield-Jackson International Airport and several major distribution corridors, makes it an appealing community in Atlanta’s "Southern Crescent," which is roughly defined as the area south of I-20. With demand for upgraded interiors evident at the subject property and in the submarket and exterior and amenity renovations already completed at the subject property, Shadow Ridge is an excellent value-add investment opportunity.
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Shadow Ridge
294 Units
950 Lake Ridge Parkway
Riverdale, GA  30296
Closed: 2/13/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Galleria 3 Portfolio, an 825-unit value add portfolio centralized in the desirable Hoover municipality of Birmingham, Alabama. The portfolio is comprised of three communities: The Park at Galleria (431 units), The Place at Galleria (150 units), and The Renaissance at Galleria (244 units). Hoover is ranked the 4th best place to live in Alabama (Niche, 2018), boasting a state ranked school system, affluent demographics, and heavy barriers to entry for multifamily. The municipality also offers access to over 10,000 jobs and 2.8 million square feet of quality retail, along with a healthy pipeline of new economic development. Delivered between 1972 and 2002, The Galleria 3 Portfolio offers proven value add upside and heavy operational upside, both of which can create massive cash flow for the next investor.
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Galleria 3 Portfolio (3 properties, 825 units)
Place at Galleria (ICG 3)
150 Units
1 Hampton Place
Hoover, AL  35216
Type: Conventional
Closed: 2/11/2019
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Belle Isle Terrace
96 Units
4809 N Blackwelder Avenue
Oklahoma City, OK  73118
Type: Conventional
Closed: 2/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Princeton Heights apartment community in northeast Atlanta, Georgia. This well-located property within the heart of Gwinnett County, offers direct access to both I-85 and I-285, and commuter ease to Atlanta’s largest employment districts such as Gwinnett Sugarloaf, Perimeter Center, and Emory/Decatur. Enhanced by such excellent metro connectivity, this partially renovated 1985 asset offers an outstanding proven value-add opportunity.
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Princeton Heights
300 Units
4250 Jimmy Carter Boulevard
Norcross, GA  30093
Type: Conventional
Closed: 2/8/2019
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1713 Nicollet Ave
1.46 Acres
1713 Nicollet Ave
Minneapolis, MN  55403
Type: Land
Closed: 2/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of the 20-unit Dundee Place apartment community located in Louisville’s eclectic area known as The Highlands. Constructed by Poe Companies, a prolific local builder known for high-quality, investment-grade architecture and construction, the property has excellent quality, location, and financial performance, offering an opportunity to invest in a thriving economic region.
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Dundee Place
20 Units
2242 Dundee Road
Louisville, KY  40205
Closed: 2/1/2019

Cushman & Wakefield is pleased to offer LAKESIDE DRIVE A BROADSTONE COMMUNITY: A brand new 150-unit Class "A" luxury rental community centrally located near the heart of Downtown Tempe, Arizona, just steps away from Tempe Town Lake, the Tempe Center for the Arts, and popular Mill Avenue eateries and bars. Lakeside Drive A Broadstone Community features a mix of spacious studio, one, two and three bedroom (penthouse) floor plans and superior amenities. Lakeside Drive’s location near Rio Salado Parkway and Mill Avenue provides easy access to Arizona State University and other top-rated schools, medical centers, Tempe Beach Park, movie theaters, major employers and office parks, and many shopping and dining options. The property’s location is 1 mile away from the Loop 202 freeway and only a half-mile away from the light rail station at Mill Avenue and 3rd Street.

Residents can take advantage of Lakeside Drive’s resort-style swimming pool and spa, poolside cabanas, pool house with air-conditioned social area, outdoor firepits and entertainment pavilion, gourmet grilling stations, rooftop lounge with panoramic city and water views, clubroom with gourmet kitchen, complimentary coffee bar, two-story state-of-the art fitness center, climate controlled interior corridors, interior resident storage units, TransitScreen display, gated community with smartphone resident access, garage parking, WiFi in common areas and complimentary resident beach cruisers. Lakeside Drive A Broadstone Community features the Phoenix area’s first co-working space offered in a multifamily community, which allows residents to truly work from the comfort of their own home.

The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Lakeside Drive’s floor plans feature wood-style flooring, walk-in closets, gourmet kitchens with gas cooktops, Energy Star appliances, granite countertops and modern tile backsplashes, European-style cabinets with brushed aluminum pulls, USB charging outlets, Nest thermostats and front-load washer/dryers. Select units include 19-foot ceilings, en-suite bathrooms with dual vanities and wine refrigerators.

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Lakeside Drive, a Broadstone Community
150 Units
500 West 1st Street
Tempe, AZ  85281
Type: Conventional
Closed: 1/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit Summer Rise apartment community located in the expanding Birmingham, AL. This asset is situated in the growing Northeast submarket of the metro, which recently has announced over 3,000 jobs coming in the next year between two major projects. Built in 1970, Summer Rise represents an outstanding opportunity to invest in a densely occupied asset with robust upside potential near local economic drivers.
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Summer Rise
96 Units
1967 East Bend Circle
Center Point, AL  35215
Type: Conventional
Closed: 1/31/2019