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Spanish Fort Town Center
216 Units
30000 Town Center Avenue
Spanish Fort, AL  36527
Type: Conventional
Closed: 3/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Commando Village apartment community located in Fort Walton Beach, Florida. The Florida Panhandle boasts a stable military backbone, with Eglin Air Force Base and Hurlburt Field (33,000 jobs total) within 15 minutes of Commando Village. The community boasts high visibility and access off Martin Luther King Jr Blvd, a major arterial corridor in Fort Walton Beach that connects with some of the area’s top employers. Built in 1992, Commando Village offers the investor an asset with massive floorplans, home-like amenities, and a proven value add campaign. The property currently operates under a ground lease set to expire in 2051, but there is high renewal potential.
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Commando Village
300 Units
302 Blessinger Drive
Fort Walton Beach, FL  32547
Closed: 3/14/2019

Cushman & Wakefield is pleased to offer BROADSTONE ROOSEVELT ROW: A brand new 316-unit, Class "A" luxury rental community centrally located in the heart of Downtown Phoenix, Arizona in the iconic Roosevelt Row Arts District - one of the most popular neighborhoods not only in Phoenix, but in the nation. This very walkable community is just steps away from art galleries, restaurants, retail shops, bars and entertainment venues forming the Phoenix area’s only true urban, walkable neighborhood. Broadstone Roosevelt Row features a mix of spacious studio, one, two and three bedroom floor plans as well as superior amenities. Broadstone Roosevelt Row’s location is the gateway to and from Downtown Phoenix and provides residents access to all the Roosevelt Row and Downtown Phoenix has to offer, all located literally just steps away. The property’s location is less than a half-mile away from the I-10 freeway and only a 7-minute walk to the light rail station at Roosevelt Street and Central Avenue.

Residents can take advantage of Broadstone Roosevelt Row’s two-story clubhouse with upscale chef’s kitchen, classic arcades and billiard games, pool and spa with five private cabanas, swim house featuring a complimentary coffee bar, oversized TV and billiard games, rooftop deck with fire pits, three landscaped outdoor patios with lounge seating, fire pits and barbecue grills, climate controlled interior corridors, direct access parking garage, resident bike storage, interior resident storage units, smartphone resident access system, Butterfly MX video intercom system, WiFi in gathering spaces, water features, resident beach cruisers and on-site restaurant and retail.

The extensive amenities offered residents are matched by the high level interior finishes provided in each individual residence. Broadstone Roosevelt Row’s floor plans feature gourmet kitchens with gas cooktops, energy efficient GE stainless-steel appliances, modern cabinetry with brushed nickel pulls, quartz countertops, wood style flooring, tile backsplash in kitchens and baths, USB charging outlets, Nest learning thermostats and front-load washers/dryers. Select units feature soaring 19-foot ceilings, DuChateau hardwood flooring, pendant lighting, en-suite bathrooms with dual vanities, walk-in closets, Sonos sound system, wine refrigerators and personal balconies/patios.

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Broadstone Roosevelt Row
316 Units
330 East Roosevelt Street
Phoenix, AZ  85004
Type: Conventional
Closed: 3/12/2019

Eco Square is a 108-unit garden apartment community on the southeast side of Evansville, Indiana. Built in 1966, the property is comprised of eleven two-story residential buildings. Buildings have brick exteriors with mansard roofs. All windows have been replaced since original construction. Eco Square is named to reflect its environmental and sustainability focus. Residents enjoy eco-friendly living amenities such as community gardening and composting and on-site recycling. Many units have energy saving light bulbs and low-flow water devices. The community offers a resortstyle swimming pool, a large, well landscaped courtyard, grilling areas and bike stations.

With the exception of one efficiency unit, the property consists of 107 Two Bedroom/One bath units with identical 825 square foot floor plans. The leasing office and maintenance shop are located in one of the Two Bedroom units.

Units feature large living rooms and walk in closets in the master bedrooms.

Terra Trace is an 84-unit garden apartment community on the east side of Evansville, Indiana. The property was built in 1978 and is comprised of eleven two-story residential buildings and a single story clubhouse/ office. Building exteriors are brick and new vinyl siding (installed in 2013). Roofs are pitched with composite shingles. Nine roofs were replaced in 2013-2014. Other recent capital improvements include replacement of balconies, new signage, new landscaping and hallway refurbishment. This refurbishment included painting, new light fixtures and new flooring at stair landings in all twenty-two halls and carpet in ten halls.

The property consists of 56 One Bedroom/One Bath units (in two floor plans), 20 Two Bedroom/One Bath units and 8 Two Bedroom/One and One-half Bath units. Units have generous floor plans, are all electric and include private access intercom systems. Select units include private patios or balconies and outside storage. Eight units have upgraded kitchens (stained cabinets, new cabinet hardware, counters, lighting) and new bathroom vanities. Upgraded units command rents between $35 and $65 per month more than non-upgraded units.

In addition to a clubhouse with Wi-Fi, community amenities include a swimming pool and on-site laundry facilities.

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Eco Square & Terra Trace (2 properties, 192 units)
Eco Square Apartments
108 Units
700 Chateau Drive
Evansville, IN  47715
Type: Conventional
Closed: 3/12/2019

Eco Square is a 108-unit garden apartment community on the southeast side of Evansville, Indiana. Built in 1966, the property is comprised of eleven two-story residential buildings. Buildings have brick exteriors with mansard roofs. All windows have been replaced since original construction. Eco Square is named to reflect its environmental and sustainability focus. Residents enjoy eco-friendly living amenities such as community gardening and composting and on-site recycling. Many units have energy saving light bulbs and low-flow water devices. The community offers a resortstyle swimming pool, a large, well landscaped courtyard, grilling areas and bike stations.

With the exception of one efficiency unit, the property consists of 107 Two Bedroom/One bath units with identical 825 square foot floor plans. The leasing office and maintenance shop are located in one of the Two Bedroom units.

Units feature large living rooms and walk in closets in the master bedrooms.

Terra Trace is an 84-unit garden apartment community on the east side of Evansville, Indiana. The property was built in 1978 and is comprised of eleven two-story residential buildings and a single story clubhouse/ office. Building exteriors are brick and new vinyl siding (installed in 2013). Roofs are pitched with composite shingles. Nine roofs were replaced in 2013-2014. Other recent capital improvements include replacement of balconies, new signage, new landscaping and hallway refurbishment. This refurbishment included painting, new light fixtures and new flooring at stair landings in all twenty-two halls and carpet in ten halls.

The property consists of 56 One Bedroom/One Bath units (in two floor plans), 20 Two Bedroom/One Bath units and 8 Two Bedroom/One and One-half Bath units. Units have generous floor plans, are all electric and include private access intercom systems. Select units include private patios or balconies and outside storage. Eight units have upgraded kitchens (stained cabinets, new cabinet hardware, counters, lighting) and new bathroom vanities. Upgraded units command rents between $35 and $65 per month more than non-upgraded units.

In addition to a clubhouse with Wi-Fi, community amenities include a swimming pool and on-site laundry facilities.

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Eco Square & Terra Trace (2 properties, 192 units)
Terra Trace Apartments
84 Units
1715 Theater Drive
Evansville, IN  47715
Type: Conventional
Closed: 3/12/2019
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)
Paces Run
260 Units
100 Paces Run Court
Columbia, SC  29223
Type: Conventional
Closed: 3/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky are excited to present the exclusive listing of the 306-unit The Henry at Fritz Farm apartment community located in Lexington, Fayette County, Kentucky. The Henry at Fritz Farm is truly integrated into Lexington and the Southeast’s leading entertainment and retail district, The Summit at Fritz Farm. This mixed-use master plan features a 40K+ SF Whole Foods, over 245K of retail and restaurants, 44K+ SF of Class A office, and a 120-room upscale Origin Hotel. As Lexington continues to flourish through the growth of leading employment industries, including regional healthcare, higher education, the equine and bourbon industries, and tourism, The Henry at Fritz Farm will continue to attract an affluent regional resident profile. Lexington’s average household income is projected to increase by nearly 16% by 2022. Catalyzed by this strong job, population, and income growth, The Henry at Fritz Farm will be able to capitalize on this and provides investors a rare opportunity to own one of Lexington’s newest, most unique assets that will continue to achieve potential as additional retail is developed.
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The Henry at Fritz Farm
306 Units
4100 Nicholasville Road
Lexington, KY  40517
Type: Conventional
Closed: 3/1/2019
Sold
Berkshire Arms
104 Units
4021 N Seabreeze Road
Mobile, AL  36609
Type: Affordable Housing
Closed: 2/28/2019

The Cushman & Wakefield Multifamily Advisory Group is pleased to present 6484 Indian Creek Drive, a waterfont land lease opportunity on Miami Beach. The land totals +/- 53,000 square feet. Currently on the site there is a 102-unit coop. The property was built in 1957. The land lease expires June 30, 2055 (almost 37 years left). The land lease totals approximately $65,000 per year in net income to the land lease holder.

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Indian Creek Land
1.22 Acres
6484 Indian Creek
Miami Beach, FL  33141
Type: Land
Closed: 2/28/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Parkside at Cottage Hill apartment community in the desirable submarket of Midtown Mobile, Alabama, just east of the busy I-65 corridor. Representing one of Mobile’s newest and most upscale multifamily assets, this Class A property is situated in Mobile’s desirable Midtown district, offering premier access to major job cores in Downtown and the Aeroplex. Completed in December 2014, the property is immersed in a 12.1M SF destination retail district that is burgeoning with Mobile’s affluent young professional populace. Parkside at Cottage Hill is a quality investment opportunity ideally positioned for further organic upside.
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Parkside at Cottage Hill
240 Units
3320 Cottage Hill Road
Mobile, AL  36606
Type: Conventional
Closed: 2/28/2019
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)
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