The Cushman & Wakefield Southeast Multifamily Advisory Group and Sage Partners Real Estate Solutions are pleased to present the exclusive listing of Olympus Chenal Valley - 216 units located in Little Rock, AR. The subject is ideally positioned in the desirable Chenal Valley section of NW Little Rock, where HH incomes average $117K+ within a 1-mile radius. Current ownership has invested over $3.6M on interior, exterior, and amenity upgrades - creating in-place organic rent growth and upward income trajectory. The asset features 41 "Platinum" upgrades achieving up to $225 eff. rent premiums, leaving 80%+ of interiors for the next investor to fully round out the community. Originally constructed in 1998 and heavily rehabbed in 2017-2019, Olympus Chenal Valley presents the opportunity to acquire a quality physical plant with proven value add demand in a top-tier submarket.
...
Sold
Olympus Chenal Valley
216 Units
16401 Chenal Valley Drive
Little Rock, AR  72223
Closed: 11/1/2019
Sold
Ridge at Crestwood
344 Units
7716 Sunrise Circle
Birmingham, AL  35210
Closed: 11/1/2019
Sold
Country Village Apartments
44 Units
8141 Fair Oaks Blvd
Carmichael, CA  95608
Type: Conventional
Closed: 10/31/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Park Village apartment community located in Orange Park, Florida. The asset is situated in the desirable Orange Park submarket currently experiencing 10.2% YoY rent growth. Built in 1968, Park Village offers an outstanding value-add opportunity that would result in the ability to raise effective rents $281 and earn a 24% return on investment after implementation of the proposed value-add plan.

...
Sold
Park Village
120 Units
741 Park Avenue
Orange Park, FL  32073
Closed: 10/31/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Serenity at Sterling, located in Birmingham, AL which has experienced 25,000+ new jobs and $2B+ in capital investments (Downtown) over the past 3 years. This asset is situated near quality retail with easy access to Downtown. Built in the early 1970’s, but heavily capitalized within the last three years, Serenity at Sterling represents an outstanding opportunity to invest in a cash-flowing property with value add upside near major economic drivers.
...
Sold
Serenity Birmingham Portfolio (3 properties, 308 units)
Serenity at Fairfield
64 Units
6702 Forest Drive
Fairfield, AL  35064
Type: Conventional
Closed: 10/31/2019
Sold
Arch Street
267 Units
100 Arch Street Place
Huntsville, AL  35758
Type: Conventional
Closed: 10/30/2019
Irreplaceable Location in one of Orlando’s Most Dynamic Submarkets

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Haven at Reunion, a brand-new apartment home community in Kissimmee, Florida. The 338-unit property consists of three-story garden style buildings with an average unit size of 989 square feet. Developed in 2019, the property consists of a mix of one-, two- and three-bedroom residences with expansive common area amenities and market leading finishes. The location of Haven at Reunion is just minutes from I-4 providing residents with excellent access to the areas’s top employers such as Walt Disney World, Universal Studios, NeoCity, Lake Nona, Darden Restaurants, Lockheed Martin, and AdventHealth.

...
Sold
Haven at Reunion
338 Units
7995 Haven Way
Kissimmee, FL  34747
Type: Conventional
Closed: 10/29/2019

The Abbey Lane is comprised of 100 one and two bedroom apartment units ranging in size from 839 sf to 1,398 sf. The property offers residents a serene setting amongst a mature wooded area and naturally meandering Coffee Creek. With amenities like a dog park, fitness center, pool, tennis court and playground, Abbey Lane is an idea place for a wide variety of residents.

Over the past 12 months, the property has undergone significant capital projects ($850,000+) including cosmetic interior upgrades to a select number of units, replacement of windows in 33 units, refreshed interior hallways as well as a minor clubhouse renovation and other deferred maintenance items (rebuilding of balconies, bridge reinforcement, etc.). The property is positioned well for the new ownership to purchase a stable, partially renovated property in an attractive location with ample opportunity to create upside.

Minutes from I-94 (to the north) and I-80 (to the south), Abbey Lane is ideally located in the heart of Indiana’s Northwest most affluent county (Porter). Access to Chicago is less than an hour’s drive or a 50-minute commute via the South Shore Line (train).

...
Sold
Abbey Lane
100 Units
120 Abbey Lane
Chesterton, IN  46304
Type: Conventional
Closed: 10/25/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit Legacy at Summerchase apartment community located in the rapidly-expanding submarket of Prattville, AL. Prattville has benefited from strong schools and its proximity to Alabama’s capital city, Montgomery. The asset is strategically positioned in a high-traffic retail corridor with ingress/egress to McQueen Smith Road and easy access to downtown Montgomery. Built in 1988, Legacy at Summerchase represents an outstanding opportunity to invest in a proven value add asset that is experiencing heavy demand within a budding submarket.
...
Sold
Legacy at Summerchase
152 Units
100 McQueen Smith Road S
Prattville, AL  36067
Type: Conventional
Closed: 10/25/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky are excited to present the exclusive listing of the 300-unit Axis on Lexington community in Louisville, Jefferson County, Kentucky. Completed in November 2017 and representing the ultimate in downtown living, Axis on Lexington is embedded in one of Louisville’s trendiest urban neighborhoods. With Louisville catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Population is projected to expand 20% by 2040, while jobs are projected to increase by nearly 10% by 2022. Axis on Lexington will be able to capitalize on this growth and provides investors a rare opportunity to own one of Louisville’s newest assets.
...
Sold
Axis on Lexington
300 Units
303 Axis Drive
Louisville, KY  40206
Type: Conventional
Closed: 10/22/2019
Sold
The Monterra
256 Units
13401 Legendary Drive
Austin, TX  78727
Type: Conventional
Closed: 10/21/2019
Sold
Birchwood Apartments
17 Units
2601 Delano Avenue
95204
Type: Conventional
Closed: 10/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Fields Lake Lanier and The Fields McEver, two apartment communities in Gainesville, Hall County, Georgia encompassing the Gainesville Value-Add Portfolio. Situated less than three miles from I-985 and two miles from one another, the subjects enjoy close proximity to quality retail and employment. Built in 2001 and 2004 as LIHTC communities, these two assets arrive with massive value-add potential. This portfolio represents an outstanding opportunity to establish a strong platform in the Gainesville-Hall County MSA, one of the top 50 fastest growing areas in the United States.
...
Sold
Gainesville Value-Add Portfolio (2 properties, 335 units)
Indigo
115 Units
150 Orchard Brook Drive
Gainesville, GA  30504
Closed: 10/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Ashberry apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, this 117-unit asset benefits from close-in access to all of Atlanta’s major employment hubs via I-285 and I-20. This is an outstanding opportunity to invest in a solid-performing asset with market-supported value add in a high-growth submarket.
...
Sold
The Ashberry
117 Units
3760 Flat Shoals Road
Decatur, GA  30034
Closed: 10/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Fields Lake Lanier and The Fields McEver, two apartment communities in Gainesville, Hall County, Georgia encompassing the Gainesville Value-Add Portfolio. Situated less than three miles from I-985 and two miles from one another, the subjects enjoy close proximity to quality retail and employment. Built in 2001 and 2004 as LIHTC communities, these two assets arrive with massive value-add potential. This portfolio represents an outstanding opportunity to establish a strong platform in the Gainesville-Hall County MSA, one of the top 50 fastest growing areas in the United States.
...
Sold
Gainesville Value-Add Portfolio (2 properties, 335 units)
The Fields McEver
220 Units
1240 Vineyard Way
Gainesville, GA  30504
Closed: 10/18/2019

Stonegate Apartments is a 1992 vintage, fully-sprinklered 260-unit garden-style community situated on 19.3 beautifully landscaped acres with a large picturesque retention pond. The property is comprised of 52 one bedroom units (20%), 124 two bedroom units (48%), and 83 three bedroom units (32%) averaging 1,082 square feet.

Stonegate Apartments features contemporary architectural design that include individual entries, fireplaces (in select units), large balconies or patios, open kitchen/living areas, and spacious bedrooms with walk-in closets in every master bedroom. The community offers a full amenity package which includes a swimming pool with sundeck, tennis courts, a dog park, a community garden, recently built club house with new fitness and business center.

...
Sold
Stonegate Apartments
260 Units
4301 Stonegate Blvd.
Elkton, MD  21921
Type: Conventional
Closed: 10/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 232-unit 464 Bishop apartment community in the affluent Loring Heights, Buckhead’s southernmost neighborhood. Completed in 2017, this top-of-market urban infill midrise represents an impressive long-term hold opportunity due to the unwavering job growth in Midtown and new commercial development in West Midtown. Strategically rooted in Loring Heights, surrounded by game-changing development, and the emergence of the westside Beltline positions 464 Bishop to continue driving rents. The recently stabilized 464 Bishop has demonstrated substantial effective rent growth and concession burn-off through the fourth quarter of 2018, demonstrating the unlimited long-term asset appreciation.
...
Sold
464 Bishop
232 Units
464 Bishop Street
Atlanta, GA  30318
Type: Conventional
Closed: 10/16/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the historic, 166-unit Highland Mill Lofts apartment community in the heart of Charlotte, North Carolina’s unique epicenter for arts and entertainment, the North Davidson neighborhood (NoDa). With a prominent presence on North Davidson Street, and barbelled by two LYNX Blue Line stations, Highland Mill Lofts offers investors the rare opportunity to acquire a historic landmark that provides a 50% perpetual annual tax abatement, boasts the largest floor plans in the submarket, and delivers a diversified income stream through over 11,000 sqft of leased retail space. Highland Mill Lofts is ideally positioned in Charlotte’s fastest growing submarket, as NoDa promises an attractive value proposition for those seeking a unique community with seamless connectivity.
...
Sold
Highland Mill Lofts
166 Units
2901 N. Davidson Street
Charlotte, NC  28205
Type: Conventional
Closed: 10/16/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The George & The Leonard, two premier apartment communities in the rapidly-expanding Memorial Drive corridor of Atlanta’s Eastside submarket. Completed in 2017 and 2015, Urban Realty Partners consistently delivers institutional quality product in rapidly evolving locations. The properties are complemented by their own 11,581 SF of boutique retail and are also strategically positioned along Memorial Drive and integrated with Atlanta’s BeltLine Trail connecting The George & The Leonard to the city’s most powerful amenities. The properties boast established transit-oriented locations via immediate proximity to the King Memorial Marta Station. Furthermore, The George & The Leonard’s Memorial Drive location provides direct connectivity to Midtown and Downtown, Atlanta’s major hubs for jobs and culture.
...
Sold
The George & The Leonard (2 properties, 217 units)
The George
132 Units
275 Memorial Drive SE
Atlanta, GA  30312
Type: Conventional
Closed: 10/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The George & The Leonard, two premier apartment communities in the rapidly-expanding Memorial Drive corridor of Atlanta’s Eastside submarket. Completed in 2017 and 2015, Urban Realty Partners consistently delivers institutional quality product in rapidly evolving locations. The properties are complemented by their own 11,581 SF of boutique retail and are also strategically positioned along Memorial Drive and integrated with Atlanta’s BeltLine Trail connecting The George & The Leonard to the city’s most powerful amenities. The properties boast established transit-oriented locations via immediate proximity to the King Memorial Marta Station. Furthermore, The George & The Leonard’s Memorial Drive location provides direct connectivity to Midtown and Downtown, Atlanta’s major hubs for jobs and culture.
...
Sold
The George & The Leonard (2 properties, 217 units)
The Leonard
85 Units
301 Memorial Drive
Atlanta, GA  30312
Type: Conventional
Closed: 10/11/2019
Sold
2725 I Street
6 Units
2725 I Street
Sacramento, CA
Type: Conventional
Closed: 10/10/2019

Peak 16 is a newly completed 233-unit, Class "A", podium-style luxury apartment community located near 16th Street and Camelback Road in the highly desirable Camelback Corridor area of Phoenix. Peak 16 is within close proximity to a variety of employment, shopping and entertainment venues and has immediate access to the State Route 51 and minutes away from notable employers such as Phoenix Children’s Hospital and Charles Schwab. Residents also benefit from close proximity to top-rated schools including "A" rated Madison Camelview Elementary, serving grades pre-school through 4th.

Peak 16 offers residents a resort-style lap pool and spa with cabanas, outdoor grilling stations, outdoor fireplaces in courtyard settings, a state-of-the-art fitness center, a clubhouse with WiFi in common areas, gaming area with a pool table and televisions, resident tech lounge and a 24-hour package locker system. Four elevators and climate controlled interior corridors provide convenient access to each unit.

Interior amenities include, wood-style plank flooring, modern kitchens with islands, stainless steel appliance package including gas cooktops, tile backsplashes, "French door" style refrigerators, modern cabinetry, quartz countertops, contemporary lighting, washer/dryers and private patios/balconies. Ceiling heights range from 9 to 25 feet throughout the community.

...
Sold
Peak 16
233 Units
5151 North 16th Street
Phoenix, AZ  85016
Type: Conventional
Closed: 10/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Serenity Apartments at Fayetteville community located in Fayetteville, NC. Built in 1972, this asset received a recent investment of $1.12 million in improvements. The property is positioned in walking distance to high-end retail & dining options while surrounded by Fayetteville’s major arteries of I-295 & US-401, providing connectivity to the metro’s economic drivers and top employers. The MSA’s development pipeline has nearly stabilized after the delivery surplus from 2012-2014, offering an outstanding opportunity for an impactful 56% boost to NOI through multiple revenue streams including a water/sewer submetering program and a value add 2.0 initiative to bridge the $280 rental gap with submarket leaders.
...
Sold
Serenity Apartments at Fayetteville
240 Units
157 Treetop Drive
Fayetteville, NC  28311
Type: Conventional
Closed: 10/10/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Orlando Sky apartment community located in Orlando, Florida. The asset is situated in the North West Orlando submarket currently experiencing 6.9% YoY rent growth. Built in 1985 & 1986, Orlando Sky offers an outstanding value-add opportunity that would result in the ability to raise effective rents $190 and earn a 19% return on investment after implementation of the proposed value-add plan.

...
Sold
Orlando Sky
140 Units
4990 North Lane
Orlando, FL  32808
Type: Conventional
Closed: 10/8/2019