Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale Rising Sun Mills, a unique opportunity to acquire a brick and beam apartment community strategically located in the heart of Providence, Rhode Island. The four-story brick mill building, which consists of 135 loft-style market-rate units and 30,000 +/- SF of commercial space, is situated on Providence’s West Side at the intersection of the rapidly transforming neighborhoods of Federal Hill, Broadway and the Armory District. The property was converted from its former industrial use in 2005 and is surrounded by a rich array of bars & restaurants, shopping, employers, and green space.

UNIQUE APARTMENT COMMUNITY - Rising Sun Mills offers unmatched appeal and outstanding amenities in an ideal central location, just 10 minutes west of downtown Providence. Converted into loft-style apartment homes in 2005, the 100% market rate Property offers unique layouts and spacious floor plans with units averaging 867 square feet. These apartments have been renovated with modern fixtures and high-efficient appliances while maintaining the original charm of the old mill through wood beam architecture, brick accents, and original hardwood floors. Additional unit features include in-unit laundry, central heat & A/C, oversized windows, and generous ceiling heights. The building also offers a 24/7 fitness center, private courtyard with grill, community room, communal library, billiards & game room, modern event space, coworking spaces, and various picnic spots along the Woonasquatucket River.

VALUE ADD OPPORTUNITY - The Property has undergone renovations to update the residential units with 73 of 135 units renovated to date. The unit renovations have included new granite kitchen and bathroom countertops, updated stainless steel appliances, and new washer & dryer units. The renovations thus far have increased the average monthly rent per unit by approximately $175.

Rising Sun Mills is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering memorandum (containing property data and financial information) and access to due diligence materials via the Real Capital Markets website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers"

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.