Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Inspire Coastal Grand, a 194-unit garden-style active adult community located in Myrtle Beach, South Carolina. Opened in April 2021, Inspire Coastal Grand offers quality finishes, lifestyle amenities and an exceptional location with close access to retail, major highways and the the many locations that make Myrtle Beach renowned. The luxurious and impressive amenities include yoga & spin studio, resort-style pool and sundeck, pickle ball court, bocci ball court, and recurring lifestyle events for residents to enjoy. The top tier finish quality, amenities and location of Inspire Coastal Grand make it a premier asset at the forefront of the active adult market.

...
Sold
Inspire Coastal Grand
194 Units
1749 Sea Pines Blvd
Myrtle Beach, SC  29577
Closed: 10/28/2022
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Florida Multifamily Team, is pleased to present the exclusive listing of Vertex Apartments, a student housing community located under a half of a mile to Florida State University. The property totals 138 units and 310 beds, built in 1968 with property-wide renovations throughout 2021 and 2022. This offering provides investors the opportunity to purchase a student housing asset in a desirable pedestrian location close to campus with significant upside yielding immediate returns.
...
Sold
Vertex
138 Units | 310 Beds
1832-1834 Jackson Bluff Rd
Tallahassee, FL  32304
Closed: 10/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Seaside Grove at Carolina Forest and 216-unit Providence Park, which can be acquired together or individually. The properties are situated in two of South Carolina’s most admired cities, Myrtle Beach and Columbia. As the fastest growing city in the U.S., Myrtle Beach leads the surge of southern coastal migration posting 51% population growth since 2000, outpacing all other coastal markets. The capital city of Columbia also displays persistent growth through its primary employment sectors of medical, education, and government, with rents projected to rise 21% through 2027. Located in the Carolina Forest and East Columbia communities, residents at the properties enjoy direct access to top-tier retail, premier entertainment options, and seamless connectivity to major economic drivers. The immediate areas surrounding the properties boast high average HHIs ($75k+), dominant white-collar populations (65%), and impressive rent growth (21% avg.), representing the ideal time to own in these thriving pockets of South Carolina. New ownership can benefit from the tremendous upside of the portfolio advantage and implement a Class-A value-add campaign to push rents $430+ in three years, yielding additional revenue for years to come.
...
Sold
Seaside Grove & Providence Park (2 properties, 528 units)
Providence Park
216 Units
261 Business Park Boulevard
Columbia, SC  29203
Type:  Multifamily
Closed: 10/27/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 280-unit The Aurora @ Twenty Seven Hundred apartment community located in Lilburn, Gwinnett County, Georgia. This asset is situated in the one of the most high-growth counties in Georgia known for its abundance of retail, dining, entertainment options, and direct access to Atlanta’s largest employers through the I-85 corridor. Built in 1985, The Aurora @ Twenty Seven Hundred offers an outstanding opportunity to invest in an asset on the cusp of repositioning with proven value-add upside.
...
Sold
The Aurora @ Twenty Seven Hundred
280 Units
2700 Park Crossing Way NW
Lilburn, GA  30047
Type:  Multifamily
Closed: 10/26/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit Avana on Breckinridge apartment community located in Duluth, Gwinnett County, Georgia. This asset sits within one of the top-performing multifamily submarkets in the nation, which has demonstrated excellent rent and occupancy trends for more than two decades. Built in 1986, Avana on Breckinridge offers an outstanding opportunity to invest in a proven value-add asset with significant upside for the next investor.
...
Sold
Avana on Breckinridge
400 Units
3450 Breckinridge Boulevard
Duluth, GA  30096
Type:  Multifamily
Closed: 10/21/2022
Booming Westfield

Located in Hamilton County and the City of Westfield, the Cottages at Sanders Glen residents benefit from one of the best locations in the state. Westfield is home to a host exciting new developments and boasts the highest population growth in the state with 7.7% in 2021 and 65.5% since 2010.

Walkable Suburban Asset

Cottages at Sanders Glen is walkable to Downtown Westfield and the new Grand Junctions Plaza as well as resturants, breweries, shoping and the YMCA.

Single Family Feel

Private driveways, attached garages and individual entrances give the property a single family residential feeling.

Stunning High-End Finishes

Cottages at Sanders Glen is a brand new asset with luxurious high-end design and architecture. Beautiful features include vaulted ceilings, bright and airy open floorplans, breakfast bar seating and ample granite countertop space.

...
Sold
Cottages at Sanders Glen
27 Units
1901 Sanders Glen Circle
Westfield, IN  46074
Closed: 10/21/2022

UPCOMING RELEASE FROM INCOME RESTRICTIONS

In August of 2022, Pleasant Springs will be released from the Low Income Housing Tax Credit program which restricts the income level of 100% of the units. The new owner can immediately increase rents for new residents (without restrictions) and can also raise rents for existing income restricted residents at lease renewal between $94 to $527 (on average, varying by floor plan).

ADJACENT TO TRENDY NEIGHBORHOODS

The Fountain Square and Bates-Hendricks neighborhoods are just north of Pleasant Springs, where modern new-build and rehabbed homes are selling between $400K-800K. Fountain Square is a popular destination for eclectic dining, shopping, arts and entertainment. Bates-Hendricks is an up-and-coming hot spot with unique home and existing/planned businesses. Nearby apartments are renting for significantly higher than Pleasant Springs.

WELL-BUILT PROPERTY SOLD BY ORIGINAL DEVELOPER

Pleasant Springs was well-built and is being offered free and clear by the long-term owner and original developer. The property is well-maintained and offers a diverse unit mix with spacious one-, two-, three- and four-bedroom floor plans.

CLOSE TO DOWNTOWN INDY EMPLOYMENT & AMENITIES

The location of Pleasant Springs allows for quick access to downtown Indy just under two miles away. Downtown offers abundant employment, dining, shopping and entertainment options.

...
Sold
Pleasant Springs
78 Units
1015 Vesper Place
Indianapolis, IN  46203
Closed: 10/20/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit Thomaston Crossing apartment community located in Macon, Bibb County, Georgia. This asset is situated in rapidly-expanding northwest area of Macon. Built in 2014, Thomaston Crossing offers an outstanding opportunity to invest in very desirable product in high growth location with immediate access to major employers. Additionally, the property has the ability to increase rents significantly through both value-add and second generation leases, allowing for strong upside day one.
...
Sold
Thomaston Crossing
250 Units
5744 Thomaston Road
Macon, GA  31220
Type:  Multifamily
Closed: 10/20/2022

The Cushman & Wakefield Mid-Atlantic Single-Family Advisory Group is pleased to present The Citadel Single-Family Portfolio located in Baltimore, MD. The Offering is comprised of 20 single-family rental units primarily in Northeast Baltimore with centralized management operations. The Portfolio is well positioned for a value-add business plan executing a leasing strategy to attract renters receiving housing vouchers and rental subsidies. With average rents of almost $1,300 the opportunity exists to increase rents as much as $200-$300 with minimal capital expenditure, while actively leasing to residents receiving rental vouchers. Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include a 99% occupancy rate, 8.5% annualized vacant-to-occupied (V2O), an increase of 5x the 2020 Rate. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels.

...
Sold
The Citadel Single-Family Rental Portfolio
18 Units
Various
Baltimore, MD  21213
Closed: 10/19/2022
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Sunbelt Multifamily Team, is pleased to present the exclusive listing of Eclipse on Broad, an 32-unit, 128-bed student housing apartment community located in Athens, Georgia. Built in 2013, the property is situated in a highly desirable location in downtown Athens, just a few minute walk to the University of Georgia's campus and local restaurants. Eclipse on Broad offers an outstanding investment opportunity in a thriving Power 5 market with record enrollment growth that shows no signs of slowing.
...
Sold
Eclipse on Broad
32 Units | 128 Beds
805 E Broad Street
Athens, GA  30601
Closed: 10/17/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Emblem Grayson, a 344-unit institutional quality garden asset in Grayson (Atlanta), GA. Among the limited supply in Grayson, Emblem Grayson’s thoughtful site plan, spacious floorplans, and expansive amenities including 1+ acre of greenspace drive prominent visibility. The asset is strategically positioned in an undersupplied and highly sought-after suburban submarket. Pent-up demand fueled by industrial job growth and access to strong employment corridors is demonstrated through the property’s leasing velocity, netting an average of 27 leases per month since January. Also, Emblem Grayson’s unique suburban location provides direct access to Downtown Lawrenceville as well as Atlanta’s sprawling I-85 industrial corridor. Surrounded by quality demographics and top-notch schools, Emblem Grayson is a phenomenal investment opportunity with a strong future growth trajectory.
...
Sold
Emblem Grayson
344 Units
605 Athens Highway
Loganville, GA  30052
Type:  Multifamily
Closed: 10/14/2022

The Cushman & Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive listing of The Linkwood Apartments located within Baltimore’s Tuscany-Canterbury neighborhood. The Property is well-placed, equidistant from Johns Hopkins University and Loyola University Maryland, while also adjacent to Roland Park and Guilford, Baltimore City’s two preeminent residential enclaves.

The Linkwood Apartments offer investors the compelling opportunity to acquire a light value-add garden-style apartment community that feature two-bedroom units, and communal amenities such as on-site parking and laundry. Further value can be created through the cosmetic renovation of existing kitchens and bathrooms. The opportunity exists to continue operating the community as conventional multifamily housing or converting the property to student housing. Additionally, all utilities are paid by the Property except for individual electric and select RUBS Billing. Effectuating the Rubs Program consistently throughout the community, as well as billing regularly for parking can bolster existing Net Operating Income.

...
Sold
Linkwood Apartments
48 Units
4000-4014 Linkwood Road
Baltimore, MD  21210
Type:  Multifamily
Closed: 10/14/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 201-unit Carriage House Townhomes community located in Ocala, Florida.

...
Sold
Carriage House Townhomes
202 Units
2701 NE 7th Street
Ocala, FL  34470
Type:  Multifamily
Closed: 10/13/2022
Sold
Summerchase at Riverchase
240 Units
100 Summerchase Drive
Hoover, AL  35244
Closed: 10/13/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Lake Forest Apartment Homes, a 384-unit value-add multifamily community in Daytona Beach, Florida.

...
Sold
Lake Forest
384 Units
600 Jimmy Ann Drive
Daytona Beach, FL  32114
Closed: 10/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Hawthorne at the Crest apartment community located in Ooltewah, Hamilton County, Tennessee. A high growth suburb in Chattanooga, Ooltewah is minutes away from the 1,400 acre Volkswagen production facility, 1M SF Amazon distribution center, as well as several major retail corridors. With the completion of construction in July 2022, Hawthorne at the Crest is set to excel through the combination of strong demographics and demand for quality product. It's completion coincides perfectly with Volkswagen's April 2022 announcement of 1,000 additional jobs being added to its Chattanooga factory.
...
Sold
Hawthorne at the Crest
176 Units
5060 City Station Drive
Ooltewah, TN  37363
Type:  Multifamily
Closed: 10/11/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire BLUME (the “Property”) – a boutique, Class-AAA, 100-apartment high-rise community located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2019 and owned by 37 Gables Property LLC, an affiliate of Greystone, the Property has large floorplans - almost 900 square feet - with a mix of lofts, one-, and two-bedroom units, along with 6,191 square feet of ground floor retail.

The Property provides an exceptional location with proximity to jobs, dining, and nightlife within downtown Coral Gables. Within a one-mile radius of the Property there is 8.9 million square feet of office space. Blume is offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high-rise apartment community with a unique boutique feel, only moments from the center of its most affluent and economically robust city.

...
Sold
Blume Coral Gables
100 Units
1501 SW 37th Avenue
Miami, FL  33145
Closed: 10/10/2022
Sold
Biloxi Oaks
255 Units
1168 Judge Sekul Avenue
Biloxi, MS  39530
Closed: 10/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 320-unit Columns at Vinings apartment community located in northwest suburban Atlanta, Cobb County, GA. This well-located asset is situated in the desirable Vinings neighborhood, with immediate access to over 42M SF of office space and close proximity to major employers such as Home Depot HQ and the new Papa Johns HQ. Columns at Vinings benefits from a top live-work-play destination, surrounded by Truist Park and The Battery, Jubilee Shopping Center (Downtown Vinings) and several recreational trails. Current ownership has renovated 190 units (59%), and average rents at the property trail market rents by $250-$300. A new owner can generate revenue by renovating the remaining 130 units while also pushing rents organically. Built in 1985, Columns at Vinings represents an opportunity to invest in a highly sought after Atlanta submarket with proven value-add and organic rent growth upside.
...
Sold
The Columns at Vinings
320 Units
1900 Tamarron Parkway SE
Atlanta, GA  30339
Type:  Multifamily
Closed: 10/7/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire the 340-unit Blue Isle, located in Coconut Creek Florida. The property features a mid of one- and two-bedroom units spread across 21+ acres for a low-density site plan of only 16 units per acre. Over the past 10 years, Blue Isles has received an infusion of capital invested into the property including the full renovation of 21 units. With only 9% of the units renovated, the property is perfectly positioned to implement a significant renovation program on the remaining units and increase rents with premiums in excess of $300 per month.

Located in Central Broward, Blue Isle is uniquely positions with access to most of South Florida’s top employment markets. Residents are only minutes away from Florida’s Turnpike and I-95, providing quick commutes to major employment markets such as Boca Raton (17.7M SF), Cypress Creek (8.2M SF), Sunrise/Plantation (12.7M SF) and the Fort Lauderdale CBD (10.1M SF).
...
Sold
Blue Isle
340 Units
5100 West Sample Road
Coconut Creek, FL  33073
Closed: 10/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
...
Sold
Florida 5 Portfolio (4 properties, 466 units)
Bridge Harbor
124 Units
401 Rhett's Loop
Callaway, FL  32404
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Hidden Creek apartment community located in Jeffersonville, Louisville MSA, Indiana. This asset is situated north of the Louisville MSA. River Ridge, a 6,000-acre industrial park that employs 10K+, is just 10 minutes from the property. Additionally, the Ports of Indiana-Jeffersonville, houses 12K annual jobs and is only 3 minutes from the property. Southern Indiana is experiencing rapid rent growth due to population and employment outpacing demand. Built in 1971, Hidden Creek offers an outstanding opportunity to invest in an asset primed for a full interior renovation program embedded in a high growth submarket.
...
Sold
Hidden Creek
184 Units
3130 Middle Road
Jeffersonville, IN  47130
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
...
Sold
Florida 5 Portfolio (4 properties, 466 units)
Indigo
140 Units
5984 Gulf Breeze Parkway
Gulf Breeze, FL  32563
Type:  Multifamily
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
...
Sold
Florida 5 Portfolio (4 properties, 466 units)
Keystone Place
102 Units
110 W Iron Horse Drive
Crestview, FL  32539
Closed: 10/4/2022