Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire JOYA – a premier transit-oriented, 431-apartment home, 12-story asset located in Miami, Florida. With thoughtful unit layouts in a mix of flats and two-story townhomes, JOYA offers the largest floor plans in the market with an average unit size of 1,105 square feet. The property opened in February 2016 setting the standard for luxury apartment living while offering the most expansive amenities compared to its competitive set. Located within Dadeland, JOYA is less than five minutes from 1.5 million square feet of office and over 2 million square feet of retail. JOYA is also walkable to the Metrorail providing access to the other main employment corridors of Coral Gables, Downtown Miami and Miami’s Health District. Developed by nationally recognized Wood Partners, JOYA’s design elements and presence will stand the test of time.

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JOYA
431 Units
8150 SW 72nd Avenue
Miami, FL  33143
Closed: 9/11/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 44-unit Raleigh Court and Timberlake townhome communities located in Clarksville, Montgomery County, TN. These assets are part of the booming Clarksville MSA, one of the top metros for job growth in Middle Tennessee. Built in 1996, 1997, 1998 and 2006, Raleigh Court and Timberlake offer an outstanding opportunity to invest in fully occupied, cash flowing assets with significant upside. The assets’ positions just south of Interstate-24 offer residents access to all of Nashville’s major job hubs. With demand for proven value-add properties, Raleigh Court and Timberlake are primed for interior repositioning.
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Raleigh Court Townhomes
40 Units
2313 Raleigh Court
Clarksville, TN  37043
Type: Conventional
Closed: 9/10/2018
Sold
St. Francis Apartments
15 Units
20607 Congress Way
Castro Valley, CA  94546
Closed: 9/7/2018
Sold
Sunrise Pointe
344 Units
7716 Sunrise Circle
Birmingham, AL  35210
Closed: 9/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 93-unit Villas on Main apartment community located in the east metropolitan Atlanta community of Lithonia in DeKalb County, Georgia. Built in 1969 and featuring spacious townhome floor plans, Villas on Main is convenient to large employers, the Snapfinger Industrial District, and a planned transformative sports complex. New ownership can garner $153 premiums through completion of a more comprehensive upgrade program that is supported in the submarket.
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Villas on Main
93 Units
6813 Main Street
Lithonia, GA  30058
Type: Conventional
Closed: 9/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 98-unit Ashford Way apartment community located in northeast metropolitan Atlanta’s premier expansion market of Gwinnett County, Georgia, one of the fastest growing counties in the nation for more than two decades. Completed in 1988, Ashford Way is a strong-performer, poised for value-add repositioning due to limited submarket apartment supply and manifest demand for higher level finishes.
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Ashford Way
98 Units
370 Hurricane Shoals Road
Lawrenceville, GA  30045
Type: Conventional
Closed: 9/6/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 323-unit The Marquis on Berkeley apartment community located in Duluth, Gwinnett County, GA. The Marquis on Berkeley is located within the Northeast Atlanta path of progress, just minutes from millions of SF of Class A office space, thousands of jobs, national retail, major entertainment centers, and back-door access to North Fulton. High-income families are moving to the northern suburbs due to the award-winning schools and large concentration of jobs, driving home values and income. Given a five-mile radius of The Marquis on Berkeley, average HHI is projected to grow by more than 15% over the next five years. The Marquis on Berkeley represents an opportunity to acquire a true value-add property in a premier, growing location.
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The Marquis on Berkeley
323 Units
2580 North Berkeley Lake Road
Duluth, GA  30096
Type: Conventional
Closed: 9/6/2018
Sold
338 Alemany
4 Units
338 Alemany Blvd
San Francisco, CA  94110
Type: Conventional
Closed: 8/28/2018
Sold
Carriage House & Williamsburg on the Lake (2 properties, 420 units)
Carriage House - Elkhart
230 Units
1200 Burr Oak Ct
Elkhart, IN  46517
Type: Conventional
Closed: 8/24/2018
Sold
Carriage House & Williamsburg on the Lake (2 properties, 420 units)
Williamsburg on the Lake - Elkhart
190 Units
1000 Portsmouth Drive
Elkhart, IN  46517
Type: Conventional
Closed: 8/24/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 112-unit St. Charles Villas apartment community located in Birmingham, Alabama. This asset is embedded near quality industrial employers like American Cast Iron Pipe Company (1,600 Jobs), and sits just 10 minutes from the heart of Downtown. St. Charles Villas is currently operating under the rare and attractive HAP program. With an enticing townhome physical plant and large floorplans, the subject is desirable in the rental community.
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St. Charles Villas
112 Units
100 Pratt Highway
Birmingham, AL  35214
Type: Conventional
Closed: 8/17/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire Vista Verde (the "Property") - a 302-unit, value-add residential asset located in rarely traded Miami, Florida. The two and three-story surface parked property was built in 1993 and sits adjacent to a Publix-anchored shopping center and across SW 107th Avenue from Florida International University (FIU) the fourth largest university in the United States with a growing enrollment currently at 55,000 students.

The property is currently implementing an in-unit renovation program of which they have fully renovated 16 units. The last 60 renovated units ("full" and "partial") have achieved average monthly rent premiums of $188 per unit per month. Cushman & Wakefield estimates that by completing the in-unit renovation program, a future investor could generate additional annual cash flow of over $475,000. This would allow for an increased return potential. Notable renovations include adding stainless steel appliances, granite counters, removing popcorn from the ceilings, new flooring, new cabinetry, and sinks. A new investor can further enhance cash flows by continuing this program.

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Vista Verde at Westchester
302 Units
10495 SW 14th Terrace
Miami, FL  33174
Type: Conventional
Closed: 8/16/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit Serenity of Mobile apartment community located in Mobile, Mobile County, Alabama. This asset is situated near the intersection of Azalea Road and Pleasant Valley Road, just over one mile south of Airport Boulevard. With I-65 less than two miles from the subject, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1975, Serenity of Mobile represents an outstanding opportunity to invest in an asset located in affluent Midtown Mobile with impressive value-add potential.
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Serenity at Mobile
152 Units
557 Azalea Road
Mobile, AL  36609
Type: Conventional
Closed: 8/15/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 297-unit Avana Highland Ridge apartment community in desirable North Columbus, Georgia. Completed in 2011, Avana Highland Ridge represents the unique opportunity to acquire a newer-build, stabilized, quality product with all-original interior finishes and amenities that offer exceptional value-add potential. This well-appointed community is located in the North Columbus submarket, home to many of the region’s largest employers including TSYS (4,690 jobs), Aflac (3,670 jobs), and St. Francis Hospital (3,000 jobs) and Columbus’ single largest retail destination hub totaling 6.8M SF. Furthermore, Fort Benning supports 40,000 regional uniformed and civilian personnel and provides a massive $4.8B regional economic impact. Avana Highland Ridge, located in the coveted Northside community, boasts top-rated schools, excellent demographics, and claim to the city’s most sought-after residential address.
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Avana Highland Ridge
297 Units
8500 Franciscan Woods Drive
Columbus, GA  31909
Type: Conventional
Closed: 8/13/2018

Cushman & Wakefield is pleased to present for sale, The Central, a 49-unit “Micro” Multifamily new construction located in a vibrant South Minneapolis neighborhood.

Completed in 2018 and 90% pre-leased upon opening June 1st, The Central was built with state-of-the-art construction while utilizing the highest efficiency standards in the market. The property offers stylish modern layouts with quartz countertops, high-end cabinets, premium wood flooring, stainless-steel appliances and Wi-Fi connected remote access thermostats in all units. The best-in-class amenities at the property are unrivaled to the competition and offer residents a community room with garage door opening to rooftop deck, fitness center, patio with outdoor grill, covered heated parking, heated indoor bike racks/storage, secure package delivery and free Wi-Fi throughout the building.

Centrally located in the heart of South Minneapolis, just off of Interstate 35W at the corner of 2nd Avenue South and East 35th Street, The Central’s prime position gives residents easy access to everything. The property is located minutes from Downtown Minneapolis, Uptown, Lyn-Lake, Eat Street, Lake Harriet, Lake Calhoun, Powderhorn Park, Midtown and Lake Nokomis. The Central is also steps from the thriving “Kingfield” neighborhood with locally acclaimed restaurants including Grand Café, Victor’s 1959 Café, Blackbird Café, Nighthawks Diner & Bar, Hola Arepa, Five Watt Coffee, Kyatchi, Pat’s Tap, Rincon 38 and Butter Bakery Café.

The Central is a unique opportunity to acquire a new construction, best-in-class “Micro” Multifamily asset in a desirable community with limited to no competition of similar properties in this price point.

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The Central
49 Units
3503 2nd Ave South
Minneapolis, MN  55408
Type: Conventional
Closed: 8/10/2018
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Falling Creek Apartments, a 348 unit apartment community with 3 commercial spaces, located in Richmond, VA. Built in 1964, Falling Creek offers investors the opportunity to acquire a value-add property in the expanding Richmond market. Unit enhancements were recently completed in a number of units. The opportunity exists to further upgrade kitchens and bathrooms to increase rents consistent with similar upgrades in the immediate submarket. The Property is located in desirable Chesterfield County with direct access to Chippenham Parkway and I-95 providing immediate connectivity to the entirety of the Richmond MSA. Falling Creek Apartments presents investors with the opportunity to acquire a large, value-add apartment community with significant future growth prospects within the stable and expanding Richmond economy.
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Falling Creek Apartments
348 Units
2530 Marina Drive
Richmond, VA  23234
Closed: 8/8/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 329-unit Junction at Antiquity apartment community located in the high growth Lake Norman area of the Charlotte, NC MSA. Embedded in the "smart-growth" planned community of Antiquity, Junction is uniquely positioned in a rapidly expanding suburb with blue-chip demographics, top-notch public schools and high quality employment opportunities. Boasting high-end finishes and market leading amenities, Junction at Antiquity is poised to experience impressive organic upside as initial lease-up rents are brought to current market levels.
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Junction at Antiquity
329 Units
22415 Market Street
Cornelius, NC  28031
Type: Conventional
Closed: 8/8/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Birmingham Key 3 Portfolio, 438 total units across three apartment communities in the Birmingham (AL) metro. These assets offer outstanding locations within two of Alabama’s Top 5 suburbs, Homewood and Hoover, both of which maintain heavy restrictions on new multifamily development. All three communities offer residents easy access to dense cores of quality jobs and upper end retail options. Built in the mid-1970’s, The Birmingham Key 3 Portfolio is on the backend of major management adjustments and arrives to market 96% leased. With heavy lifting already completed, the next investor will be able to focus on rounding out the in-place value add initiative.
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Birmingham Key 3 (3 properties, 438 units)
City Heights Hoover
160 Units
2071 Alpine Village
Birmingham, AL  35216
Type: Conventional
Closed: 8/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Birmingham Key 3 Portfolio, 438 total units across three apartment communities in the Birmingham (AL) metro. These assets offer outstanding locations within two of Alabama’s Top 5 suburbs, Homewood and Hoover, both of which maintain heavy restrictions on new multifamily development. All three communities offer residents easy access to dense cores of quality jobs and upper end retail options. Built in the mid-1970’s, The Birmingham Key 3 Portfolio is on the backend of major management adjustments and arrives to market 96% leased. With heavy lifting already completed, the next investor will be able to focus on rounding out the in-place value add initiative.
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Birmingham Key 3 (3 properties, 438 units)
Knoll Crest
150 Units
280 Robert Jemison Road
Birmingham, AL  35209
Closed: 8/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Birmingham Key 3 Portfolio, 438 total units across three apartment communities in the Birmingham (AL) metro. These assets offer outstanding locations within two of Alabama’s Top 5 suburbs, Homewood and Hoover, both of which maintain heavy restrictions on new multifamily development. All three communities offer residents easy access to dense cores of quality jobs and upper end retail options. Built in the mid-1970’s, The Birmingham Key 3 Portfolio is on the backend of major management adjustments and arrives to market 96% leased. With heavy lifting already completed, the next investor will be able to focus on rounding out the in-place value add initiative.
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Birmingham Key 3 (3 properties, 438 units)
Olympia Village
128 Units
218 Olympia Drive
Birmingham, AL  35209
Closed: 8/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Timberfalls apartment community located in the expanding Birmingham, Alabama area. This asset is situated in close proximity to all employment and community amenities in the Birmingham Metro. Built in 1979, this well maintained property represents an outstanding opportunity to invest in a densely occupied asset with unparalleled convenience to an array of Birmingham hot spots.
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Valley Crest
176 Units
316 Beacon Crest Lane
Birmingham, AL  35209
Type: Conventional
Closed: 8/7/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 300-unit West Ashley Value-Add Portfolio comprised of Monument Square and The Carlyle. The properties are located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing, Joint Base Charleston, the new Mercedes-Benz plant and Volvo plant. The recent adoption of Plan West Ashley, a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. With recent targeted capex programs complete, new ownership will have the opportunity to complete the in-place value-add programs to further boost NOI across the two properties.
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Monument Square and The Carlyle (2 properties, 300 units)
Monument Square
139 Units
1551 Sam Rittenberg Boulevard
Charleston, SC  29407
Type: Conventional
Closed: 8/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 300-unit West Ashley Value-Add Portfolio comprised of Monument Square and The Carlyle. The properties are located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing, Joint Base Charleston, the new Mercedes-Benz plant and Volvo plant. The recent adoption of Plan West Ashley, a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. With recent targeted capex programs complete, new ownership will have the opportunity to complete the in-place value-add programs to further boost NOI across the two properties.
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Monument Square and The Carlyle (2 properties, 300 units)
The Carlyle
161 Units
1476 Orange Grove Road
Charleston, SC  29407
Type: Conventional
Closed: 8/2/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Royal Oaks Townhomes (the “Property”) – a 69-unit, luxury townhome community located in Hollywood, Florida. Completed in 2009, Royal Oaks offers the rare opportunity to acquire a boutique, luxury townhome community without any HOA obligations. The property is 97% occupied and offers oversized three-bedroom, two and one-half bathroom floor plans with 1,695 square feet of living space in two levels (excluding garage space). All of the residences include a private direct access garage, terraces and balconies accented by decorative wrought iron railings, and a semi private back yard. Market rents are $2,490 or $2,061,000 per year.

Royal Oaks Townhomes was originally designed as a “for sale” townhome community but no units were ever sold and the community has been operated as a luxury rental since it was completed. All interiors are luxuriously appointed with features and finishes one would expect to find in high end custom homes. Tenants within Royal Oaks average over $90,000 in household income, which is over three times the market rent. The property is adjacent to Emerald Hills which has homes selling for as high as $3 Million.

Royal Oaks Townhomes is located on the south side of Stirling Road approximately half mile west of Interstate 95 and about three miles east of the Florida’s Turnpike. In addition the property is equally 1 mile from South Florida’s expanding Tri-Rail two stations, Fort Lauderdale Airport Station to the north and Sheridan Station to the South. With a new link to downtown Miami coming online later in 2019, the railway will improve connectivity for residents and establish the community as a true rental alternative to downtown Miami’s high rent apartments.

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Royal Oaks
   
3200 Stirling Road
Hollywood, FL  33021
Closed: 8/1/2018