The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the West Greensboro Portfolio, 370 units across two adjacent properties, The Cypress and The Willow, located in Greensboro, NC. The portfolio is strategically located in the rapidly-expanding West Greensboro submarket, where home values and household income growth are on the rise. Residents enjoy easy access to two of the state’s major interstates which connect them to top notch retail and dining as well as to the Triad’s major employers. Late 1980s vintage, the portfolio offers an outstanding opportunity to invest in a booming area and complete a proven value-add program with additional Other Income upside that can generate an additional $404k in revenue and improve portfolio NOI by 18%.
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West Greensboro Portfolio (2 properties, 380 units)
The Willow
136 Units
101 Meadowood Street
Greensboro, NC  27409
Type:  Multifamily
Closed: 4/1/2022
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Townhomes of Oakleys ("The Property"), a 160-unit, affordable housing multifamily asset in Richmond, Virginia. The Townhomes of Oakleys offers residents a rural setting yet proximate to Downtown Richmond, Richmond International Airport, and many highways including I-64 and I-95. The Property, built in 1974, provides residents with a variety of spacious and unique floor plans at an affordable price. The current market rents at the Property are below the Henrico County’s 2020 Fair Market Section 8 Housing by an average of $415 per unit providing the opportunity to increase current market rents to the Fair Market Section 8 rent in Henrico County. Additional value can be realized once the affordability expires at the Property. The Property is located in the premier Henrico County, one of the best in Richmond, with dynamic regional access to Downtown Richmond, Richmond International Airport, and significant retail and amenities. Within a short walk from the Property is White Oak Village which includes Publix Super Market, Lowe’s, Target, Starbucks, JC Penny and much more. The Richmond MSA has performed exceedingly well throughout the Covid-19 Pandemic with effective rent growth at 10.9% in Q3 2021 and vacancy rates dropping to 2.9%. The Townhomes of Oakleys unique asset quality, affordability, premier location and dynamic access, make it a rare opportunity to acquire an affordable townhome community in Richmond with the ability to mark rents to the Section 8 market in the high growth Richmond apartment market.
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Townhomes of Oakleys
160 Units
4633 Needham Court
Richmond, VA  23231
Closed: 4/1/2022
Sold
Gates 4 Portfolio (4 properties, 876 units)
Arbor Gates
184 Units
901 Gayfer Avenue
Fairhope, AL  36532
Type:  Multifamily
Closed: 3/31/2022
Sold
Gates 4 Portfolio (4 properties, 876 units)
Ashley Gates
248 Units
912 Van Avenue
Daphne, AL  36526
Type:  Multifamily
Closed: 3/31/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 372-unit Genesis Apartments community located in Clearwater, Florida.

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Genesis
372 Units
530 Fairwood Avenue
Clearwater, FL  34619
Type:  Multifamily
Closed: 3/31/2022
Sold
Gates 4 Portfolio (4 properties, 876 units)
Lenox Gates
228 Units
1500 Hillcrest Road
Mobile, AL  35695
Type:  Multifamily
Closed: 3/31/2022
Sold
Gates 4 Portfolio (4 properties, 876 units)
Regency Gates
216 Units
5700 Grelot Road
Mobile, AL  36609
Type:  Multifamily
Closed: 3/31/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Reserve at Brandon, a 982-unit value-add multifamily community in Brandon, Florida.

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Reserve at Brandon
982 Units
1918 Plantation Key Circle
Brandon, FL  33511
Closed: 3/31/2022
Sold
Apple Valley
128 Units
9552 Apple Valley Drive
Independence, KY  41051
Type:  Multifamily
Closed: 3/29/2022
Sold
Southport Crossing
328 Units
1451 E Southport Road
Indianapolis, IN  46227
Type:  Multifamily
Closed: 3/29/2022

Lake Castleton, located on the affluent and popular far north side, is one of Indianapolis’ landmark apartment communities. At 1,261 units, Lake Castleton is the city’s second-largest apartment property.

The current owner has spent more than $10M on property upgrades and updates. 731 units have been upgraded with new cabinetry, countertops, appliances, flooring, light fixtures and plumbing fixtures. Washer and dryers have been added to upgraded units. $155 monthly premiums, on average, have been achieved on unit upgrades and the new owner has the opportunity to continue upgrades on the remaining 530 units.

For access to confidential documents, please register at: LakeCastleton-CW.com

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Lake Castleton
1,261 Units
7601 Carlton Arms Drive
Indianapolis, IN  46256
Closed: 3/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the 129-unit Ridgeland Ranch apartment community, located in the heavily sought-after Ridgeland suburb of Jackson, Mississippi. Ridgeland is currently ranked the 2nd best municipality in Mississippi, offering one of the state’s most coveted school systems and highest median incomes ($85K 5-Mile radius). Built in 1974, Ridgeland Ranch offers the next investor a uptrending asset within an affluent submarket with market-backed value add upside.
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Ridgeland Ranch
129 Units
1620 East County Line Road
Ridgeland, MS  39157
Closed: 3/25/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ardmore King’s Grant (357 units), located in Charlotte, North Carolina and Ardmore Cates Creek (270 units), located in Hillsborough, North Carolina. These two Core Plus assets provide investors rare-to-find scale (627 units) and diversification across two of the fastest growing markets in the country. The Charlotte and Raleigh-Durham markets currently rank 5th and 6th nationally for rent growth and are on pace to continue capturing double digit rent growth in 2022. Both properties are located in sought-after, suburban locations characterized by blue chip demographics, surrounded by premier retail, and enjoy unmatched connectivity to each market’s major job nodes via Interstate 85. Built in 2015/2016, the assets offer investors optimal bones with 9’ ceilings and premier locations coupled with the opportunity to push rents $300+ by expanding upon the proven value-add program in place, resulting in a $2,300,000 increase to total NOI or an average increase of 45%.
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Ardmore Portfolio (2 properties, 627 units)
Ardmore Cates Creek
270 Units
100 Waterstone Park Cir
Hillsborough, NC  27278
Type:  Multifamily
Closed: 3/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ardmore King’s Grant (357 units), located in Charlotte, North Carolina and Ardmore Cates Creek (270 units), located in Hillsborough, North Carolina. These two Core Plus assets provide investors rare-to-find scale (627 units) and diversification across two of the fastest growing markets in the country. The Charlotte and Raleigh-Durham markets currently rank 5th and 6th nationally for rent growth and are on pace to continue capturing double digit rent growth in 2022. Both properties are located in sought-after, suburban locations characterized by blue chip demographics, surrounded by premier retail, and enjoy unmatched connectivity to each market’s major job nodes via Interstate 85. Built in 2015/2016, the assets offer investors optimal bones with 9’ ceilings and premier locations coupled with the opportunity to push rents $300+ by expanding upon the proven value-add program in place, resulting in a $2,300,000 increase to total NOI or an average increase of 45%.
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Ardmore Portfolio (2 properties, 627 units)
Ardmore King's Grant
357 Units
9015 Kings Grant Drive
Charlotte, NC  28262
Type:  Multifamily
Closed: 3/23/2022
Sold
Cottages on Weaver Avenue
63 Units
9015-9025 Weaver Avenue NE
Leeds, AL  35094
Type:  Single-family
Closed: 3/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Sunset Village is a 233 unit, 2021-built BTR asset built by the nation’s largest homebuilder, D.R. Horton. Arriving to market with excellent in-place rent growth trends (23% rent bumps on renewals), the community is poised as a market leader in its asset class and will continue to benefit as 1st generation leases turn over at higher rates. Sunset Village boasts $124K+ Avg. HH incomes at the property and is comprised of detached homes featuring attached garages, private fenced in backyards, & premiere unit features offering residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place leasing trends and high-quality residences, Sunset Village presents an outstanding opportunity to acquire a brand new BTR asset in a growing market.
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Sunset Village
233 Units
5284 Emma Grace Drive
Panama City, FL  32404
Closed: 3/23/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present The Commons, a 280-unit, garden-style apartment community located in Orlando, Florida (the "Property"). Completed in 1998, the Property will be delivered 100% vacant as it was previously under a master lease to the Walt Disney Company that will be terminated upon closing.

The Commons is situated on 19.28 acres and is comprised of 29 two and three-story residential buildings with spacious floorplans averaging 1,040 s.f. The Property boasts an extensive amenity package including a resort-style swimming pool, fitness center, conference center, lighted tennis court, lighted sand volleyball court, garages, picnic area with grills and gazebo, and a car care center. With largely original interior finishes, coupled with the ability to improve the large current amenity package, new ownership can immediately implement a comprehensive value-add program to bring rents inline with submarket comparables.

The Property has immediate proximity to major employment centers, including the Tourist Corridor office submarket, Lockheed Martin, Orlando Health Dr. P. Phillips Hospital, Universal Studios, SeaWorld, and Disney’s Campus, all less than 15 minutes away. Additionally, the immediate area has over 1.8 m.s.f. of retail and restaurant space within a one-mile radius, including Publix Supermarket, the Orlando Premium Outlets, and Disney Springs..

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The Commons
280 Units | 535 Beds
8050 Gables Commons Drive
Orlando, FL  32821
Closed: 3/23/2022

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of The Whit, a 334-unit, 2019-built apartment community located in the heart of vibrant and growing downtown Indianapolis.

Acquisition of The Whit represents an opportunity to own what is arguably the best property in the best location in the city. The property offers everything downtown high-income dwellers are looking for - from one of the most luxurious and comprehensive amenity sets to the high-end unit finishes and beautiful city views. Included in the sale of The Whit is an attached 540 space parking garage.

For access to confidential documents, please register at: CW-TheWhit.com

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The Whit
334 Units
307 N. Pennsylvania St.
Indianapolis, IN  46204
Closed: 3/22/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 104-unit Green Meadows @ 2910 apartment community located in Augusta, Richmond County, Georgia. This asset is situated in South Augusta, close to major retail and restaurant corridors as well as immediate access, via I-520, to over 50K Downtown employment opportunities and 25K Fort Gordon jobs. Built in 1968, Green Meadows @ 2910 represents an outstanding opportunity to invest in a proven value-add asset, with 80% of units left to renovate, a new owner can garner an additional $165 through a moderate value-add strategy.
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Green Meadows @ 2910
104 Units
2910 Richmond Hill Road
Augusta, GA  30906
Type:  Multifamily
Closed: 3/16/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 120-unit Park Village Apartments community located in Orange Park, Florida (Jacksonville MSA).

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Park Village
138 Units
741 Park Avenue
Orange Park, FL  32073
Closed: 3/16/2022

1 IRREPLACEABLE LOCATION ON CANAL WALK

Located directly on Indy’s popular Canal Walk, a waterside promenade popular for walkers, runners, bikers and sightseers. White River State Park and its amenities are a short walk from the community along the Canal Walk.

2 RENOVATED WITH UPSIDE

In 2015, Canal Overlook was renovated with new windows, a fresh exterior paint scheme, unit upgrades and more. While well maintained, the new owner of Canal Overlook can continue property enhancements to further grow revenue.

3 PRIVATE GARAGE PARKING & DESIRABLE AMENITIES

Residents enjoy direct access to a private gated 158 space parking garage. Units offer high end finishes, amazing canal and downtown views and access to a full amenity set.

4 UNMATCHED URBAN LIVING

Downtown Indianapolis is vibrant, diverse and growing more each year. It offers some of the country’s best arts, culture, sports, music, events, entertainment and food.

5 CONVENIENT TO DIVERSE EMPLOYMENT

Canal Overlook brings ‘Live-Work-Play’ to another level with award-winning employers within walking distance. The diversity of employers in the area (from tech to education and healthcare) offers a high level of stability in resident employment.

6 THE STEADY EXPANSION OF DOWNTOWN

Downtown Indianapolis is continuing incredible growth and expansion. With new developments in all sectors from housing to hotels, entertainment and retail. Downtown is and will continue to be the top place in the city to live work & play.

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Canal Overlook
132 Units
430 Indiana Avenue
Indianapolis, IN  46202
Closed: 3/15/2022
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 460-unit Park at Peachtree Corners apartment community located in Peachtree Corners, GA. This asset is situated in northeast metropolitan Atlanta’s premier expansion market of Gwinnett County, one of the fastest growing counties in the southeast. Within a 3-mile radius of the property, there are several large employment nodes and over 33M SF of industrial space. While over $5M has been spent on capital improvements, the property is primed for an interior value-add program to further modernize interiors. Built in 1985 by Post Properties, Park at Peachtree Corners offers an outstanding opportunity to invest in a well-maintained asset with significant value-add potential and a historically strong property performance in a high-barrier submarket.
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Park at Peachtree Corners
460 Units
3341 Peachtree Corners Circle
Norcross, GA  30092
Type:  Multifamily
Closed: 3/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Tapestry on Vaughn, 252 units in Montgomery, AL. The asset is situated in the highly sought-after East Montgomery submarket near upscale retail with easy access to downtown via Vaughn Road. Benefitting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create an additional 1,200 jobs to build a new light truck model. Built in 1988-1994, The Tapestry on Vaughn offers an outstanding opportunity to invest in a cash-flowing asset with significant value add upside.
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The Tapestry on Vaughn
252 Units
3201 Watchman Drive
Montgomery, AL  36116
Type:  Multifamily
Closed: 3/11/2022

The Cushman & Wakefield Mid-Atlantic Single-Family Advisory Group is pleased to present the exclusive listing of the Canterbury Single-Family Portfolio. The Portfolio offers future ownership the rare opportunity to acquire 52 Single-Family Rentals which have been renovated to premium levels with highly coveted interior amenities. These features include in-unit washer/dryers, granite countertops, backsplashes, updated cabinets, stainless steel appliances, modern bathrooms and new hardwood floors and carpeting. All of the homes are lead-free, and feature new mechanicals and roofs, as future ownership will enjoy virtually no deferred maintenance.

Single-Family Rentals have emerged as one of the most attractive asset classes to both institutional and private investors, with high yields and robust resident demand. Nearly all of the residents receive Baltimore City Section 8 Vouchers, providing stable, guaranteed income, with consistent gradual rent increases. A large cluster of the units are within a short distance of Johns Hopkins University and Johns Hopkins Hospital, two of Baltimore's Largest Regional Employers.

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Canterbury Single-Family Rental Portfolio
52 Units
Various
Baltimore, MD  21214
Type:  Single-family
Closed: 3/8/2022