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Hampton Garden Apartments
180 Units
9750 Peace Way
Las Vegas, NV
Type:  Multifamily

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 91 units situated among three properties in two of the best areas in Fort Lauderdale. The properties can be purchased as a portfolio or individually (however Harbour Beach and Harbour Pointe need to be purchased together).

The properties are located in extremely desirable areas of Fort Lauderdale. Two of three properties are sitting on the water. Harbour Pointe features 300’ of boat slips and Coral Ridge Isles feature over 500’ of ocean-access water frontage with the potential of adding boat slips. The properties offer immediate upside through eliminating over $400,000 in loss-to-lease as value-add potential on most buildings.

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Fort Lauderdale Waterfront Portfolio (3 properties, 91 units)
Harbour Beach
24 Units
2323 SE 18th Street
Fort Lauderdale, FL  33316

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 91 units situated among three properties in two of the best areas in Fort Lauderdale. The properties can be purchased as a portfolio or individually (however Harbour Beach and Harbour Pointe need to be purchased together).

The properties are located in extremely desirable areas of Fort Lauderdale. Two of three properties are sitting on the water. Harbour Pointe features 300’ of boat slips and Coral Ridge Isles feature over 500’ of ocean-access water frontage with the potential of adding boat slips. The properties offer immediate upside through eliminating over $400,000 in loss-to-lease as value-add potential on most buildings.

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Fort Lauderdale Waterfront Portfolio (3 properties, 91 units)
Harbour Pointe
34 Units
2201 SE 18th Street,
Fort Lauderdale, FL  33316
Sold
Copperwood/Hartford (2 properties, 78 units)
Hartford Apartments
44 Units
3800 N Hartford St
Oklahoma City, OK  73112
Sold
Hawaiian Terrace & Chapel Arms (2 properties, 34 units)
Hawaiian Terrace
21 Units
5101-5103 Hawaiian Terrace
Cincinnati, OH  45223
Type:  Multifamily
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Heights at Bear Creek
   
Redmond, WA
80-unit purpose-built assisted living facility situated on 5.83 acres. Total improvements contain 65,801 square feet.
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Heritage at Danvers
   
Danvers, MA
The Cushman & Wakefield Student Housing Capital Markets Team is pleased to present the exclusive listing of Heritage Grove, a 192-unit, 384-bed, student housing community located in Tallahassee, Florida. This asset is situated on +/- 37.5 acres and located adjacent to Florida State University off of West Call Street. Built in 2004, Heritage Grove was developed on a ground lease involving both the State of Florida and University to serve the fraternities of FSU. It has since been transitioning its resident base from fraternity members to non-greek affiliated students and currently supports a full reposition and value-add opportunity for a new investor.
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Heritage Grove
192 Units | 384 Beds
1952 Heritage Grove Cir
Tallahassee, FL  32304
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Hickory Point – a well-maintained complex of 175 townhouse-style apartments located in Newport News, one of the fastest-growing and most desirable submarkets within the Hamptons Roads region. Hampton Roads, and Newport News in particular, has experienced a sustained period of economic, population, and employment growth borne out of significant government and government-related investment in the region. Moreover, the Newport News apartment market remains fundamentally strong with 14.7% year-over-over rent growth, vacancy at 3.0%, and concessions well below their long-term averages. The combination of Hickory Point’s access to employment, transportation nodes, and convenient retail makes it prime for rental upside and investment potential.
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Hickory Point Townhomes
175 Units
399-A Hickory Point Blvd
Newport News, VA  23602

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Hillside Residences, a 60-unit, 100% market rate, luxury apartment building located in Quincy Center. The property boasts market leading amenities in both the common areas and within the individual units, such as a state of the art fitness center, a roof deck with spectacular views of the Boston skyline, spacious community areas, under building garage parking and well-appointed unit interiors. The property includes a mix of studio, one bedroom, two bedroom, and four bedroom units with balconies featured in select units.

Hillside Residences is strategically located half a mile from the Quincy Center MBTA station, providing residents with unbeatable access to downtown Boston via the MBTA Red Line subway and Commuter Rail. The property is convenient to the area’s major roadways including Interstate 93, Routes 128/I-95 and Route 3, which provides the location immediate access to all points of the Greater Boston area and beyond.

Hillside Residences is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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Hillside Residences
60 Units
23 Bridge Street
Quincy, MA  02169
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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The Lynchburg Collection (4 properties, 55 units)
Holland House
18 Units
3710 Fort Avenue
Lynchburg, VA
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Hollywood Studio Club
243 Units
Hollywood, CA
Sold
Hunters Ridge
198 Units
5625 Hunters Valley Court
St. Louis, MO  63129
Type:  Multifamily
Posted: 11/13/2017

Cushman & Wakefield has been retained as exclusive advisor and agent by the owner to offer for sale the Capital Properties DC Multifamily Portfolio (the "Portfolio" or the "Properties"), an unprecedented 1,400 unit apartment portfolio in the DC Metro area. Consisting of four properties - Vaughan Place (Washington, DC), Huntington Gateway (Alexandria, VA), the Residences at Capital Crescent Trail (Bethesda, MD), and North Park Apartments (Chevy Chase, MD) - the Portfolio offers investors immense scale in these infill locations with additional embedded upside. Built between 1973 and 2002, the Properties present a variety of renovation opportunities while all holding significant rent deltas with the top of their respective competitive sets. The Portfolio is well positioned to take advantage of stable apartment fundamentals stemming from attractive future growth in the DC region. The Properties all have dynamic connectivity to core economic drivers like the federal government, a robust biosciences sector, and Amazon HQ2, which position the DC region as an outperformer moving forward compared to similar metros. This Offering provides investors with the unique opportunity to acquire significant scale in this safe-haven market with attractive organic economic growth prospects and embedded value-add upside. The Portfolio is offered as a 100% fee simple interest or as a recapitalization opportunity with the sponsor, Capital Properties. Offers on the entire portfolio or on individual assets will be entertained.

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Capital Properties Portfolio (4 properties, 1,400 units)
Huntington Gateway
443 Units
5982 Richmond Hwy
Alexandria, VA  22303
Sold
Huntley Ridge
88 Units
520 Aberdeen Ave
Dayton, OH  45416
Type:  Multifamily
Sold
Huntley Ridge
70 Units
2010 Port Royal
Crystal City, MO  63019
Type:  Multifamily
Posted: 11/9/2017

Inspirado Apartments, located in the Northwest part of the Valley, is a well maintained 2010 vintage asset in Centennial Hills, next to the Santa Fe Station Hotel & Casino. Inspirado was designed by one of the area’s finest custom home builders, and features a European style swimming pool, relaxing hot tub, cabana area with built in gas grill, a fitness facility and a business center.

With asking rents currently averaging $1,278 per month, or $1.30 PSF, Inspirado is a prime value-add candidate. The finishes of the unit interiors provides for the opportunity to perform renovations in each unit by adding wood-look flooring, upgrading appliances, hardware, lighting, countertops, and paint. There is also an additional opportunity to improve the clubhouse and amenity package for the property. Renovations and upgrades to the clubhouse & fitness center can assist the property in appealing to higher profile residents. The average household income within one mile of the property is around $80,000 per year and there are over 400K people living within a 5-mile radius of the property.

Inspirado Apartments is a prime value-add candidate located in an affluent area of the Las Vegas Valley. Additionally, Yardi Matrix projects rent growth above 7.1% for Las Vegas in 2020.

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Inspirado Apartments
252 Units
6885 W. Lone Mountain Road
Las Vegas, NV  89108
Sold
Integra Cove
338 Units
6801 Integra Cove Blvd.
Orlando, FL  32821
Type:  Multifamily
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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The Lynchburg Collection (4 properties, 55 units)
Ivy Court
8 Units
681 Leesville Road
Lynchburg, VA
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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Sold
The Lynchburg Collection (4 properties, 55 units)
Ivy Ridge
17 Units
1609 McVeigh Road
Lynchburg, VA
Sold
Jefferson at Racoon Creek
360 Units
Littleton, CO
Sold
Jersey Meadows
288 Units
2700 East 53rd Street
Davenport, IA  52807
Cushman & Wakefield is pleased to present Kenilworth at Hazelwood & Windridge and Northwood Ridge, a rare opportunity to acquire a premier value-add portfolio in dynamic locations within the city of Baltimore, MD. Both Properties continue to attract residents due to their unique combination of proximity to strong and growing employment nodes, convenient regional connectivity and relative affordability within the MSA. This renter demand is filtering into incredible Property level operations with rent growth of over 4.0% at both communities over the past 12-months and average annual rent growth of 4.0% since 2017. New investors will be able to generate additional value through in-unit renovations that are being proven out at the Properties and in the broader submarket. Expansion of the current renovation package to include full vinyl wood flooring, granite countertops, in-unit washers and dryers and more will generate additional premiums and create a differentiating factor between the Properties and the competitive set. Upon full renovation, operations will continue to exceed the greater market as the Properties are well positioned to capture a large portion of pent up renter demand for rare premium workforce housing.
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Kenilworth at Hazelwood & Northwood Ridge (2 properties, 595 units)
Kenilworth at Hazelwood and Windridge
345 Units
5738 Cedonia Ave
Baltimore, MD  21206
Sold
Keystone Townhomes
33 Units
256 Hinton Blvd
Mannford, OK  74044
Type:  Multifamily