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"

The River Ranch Apartments is a 188 unit two story garden style complex built in 1986. It is composed of eleven buildings including a stand-alone office. The property is surrounded by single family housing valued in the $380,000-500,000 range, well-above the Phoenix average. The River Ranch Apartments offers an attractive product at an affordable price point with modern touches which make the property highly desirable.

Located in northern Arizona and nestled at the base of the San Francisco Peaks, Rock Ridge Apartments is a garden-style apartment community in Flagstaff, Arizona. This large multifamily property was constructed in 1984 and is comprised of spacious 1 bedroom (40%) and 2 bedroom (60%) units. Each unit has a washer and dryer hookup, individual heating and cooling, wood-style flooring, and abundant off-street parking. Located 5 miles east of the junction of I-40, I-17 and Northern Arizona University, the property is easily accessible to major transportation arteries and just minutes away from numerous employment opportunities, retail amenities, and ample outdoor recreation.

Cushman & Wakefield is pleased to present the opportunity to acquire the Roseland & Frost Collection, a six building 23 unit residential portfolio ideally located in Porter Square in the heart of Cambridge, Massachusetts. The portfolio totals 42,027 GSF and 23 units. The properties vary from a single-family home to an 8-unit apartment building. Across the six properties is a total of 1.02 acres of land.

The buildings in the Roseland & Frost Collection are situated in one of the most highly desirable metro areas in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Frost Street and Roseland Street, the buildings are within a 10-minute walk of the Porter Square MBTA Red Line station, as well as the campuses of Harvard and Lesley University.

Process & Pricing

The Roseland & Frost Collection is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Investors are invited to submit bids for the Roseland & Frost Collection as a single portfolio, sub-portfolios or individual properties.

- 8% In-Place Cap Rate. - Great investment opportunity with immediate cash flow, also primed for an owner occupant. - Properties are also available to be purchased individually. Royal Crest Portfolio is an exciting opportunity comprised of 12 units located in the Southwest submarket of Pueblo, CO. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from its close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park allow new coming residence to feel right at home. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s longterm value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.

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.

$1,100,000

Cushman & Wakefield of Colorado is pleased to announce the exclusive listing of Sommerset Gardens, a 420-unit garden-style apartment community located in Aurora, Colorado. Sommerset Gardens is located near the intersection of Mississippi Avenue and Interstate 225, giving residents immediate access to Aurora’s best employment centers, retail and entertainment amenities. Close proximity to I-225 also provides residents with easy access to the entire metropolitan region including Denver International Airport and the Denver Tech Center. Originally built between 1981 and 1983, the property previously underwent a $4 million renovation, completing much of the required ‘heavy lifting’. Potential investors will have the opportunity to complete additional upgrades to enhance revenue potential.