The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 350-unit Sandtown Vista apartment community located in Metro Atlanta’s Southern Crescent region. This high quality asset is situated in the thriving South Fulton submarket with top multifamily rent growth and limited new supply. Located just south of I-20, Sandtown Vista benefits from direct access to the Fulton Industrial Corridor. The logistics-driven area has continued to see explosive growth through new developments and job opportunities. Built in 2009 with institutional quality construction and upscale amenities, Sandtown Vista represents an outstanding opportunity to invest in a value-add opportunity located in one of the top U.S. submarkets for rent growth with limited new supply.
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Sandtown Vista
350 Units
1475 Sand Bay Drive
Atlanta, GA  30331
Type: Conventional
Closed: 4/26/2021

Barton Farms is a 262 unit apartment community located in Indianapolis’s popular southside suburb, Greenwood. It is offered free and clear and can be purchased individually or as part of a 500+ unit, 2 property portfolio to include Bexley Village - 276 units.

The community was built in two phases: the duplexes in 1998 followed by the garden style in 2002 and has been well maintained by the original owner. All roofs were replaced in 2012. The community offers an attractive mix of flats and popular cottage style/duplex units. All duplex units, which represent 30% of the property, are single story with attached garages and provide a single-family home lifestyle to residents. A full-size washer and dryer are provided in all units.

While Barton Farms is well maintained, a new owner can upgrade unit interiors and elevate the amenities to increase revenue. In addition to rent premiums available by completing additional unit renovations, organic revenue increase is also expected as the current rents trail market by an average of $116+.

Greenwood was voted one of the best places to live in Indiana. The top four employers in Greenwood are FedEx, Amazon Distribution Center, and two large healthcare networks, Franciscan and Community Health, all of which are close to Barton Farms.

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Barton Farms
262 Units
1630 Saddle Way
Greenwood, IN  46143
Type: Conventional
Closed: 4/23/2021

Bexley Village is a 276 unit apartment community located in Indianapolis’s popular southside suburb, Greenwood on the corner of Smith Valley Road and Emerson Avenue. It is offered free and clear and can be purchased individually or as part of a 500+ unit, 2 property portfolio to include Barton Farms - 262 units.

The community was built between 1997-1998 and has been well maintained by the original owner. All roofs were replaced in 2019. The community offers an attractive mix of 1 & 2 bedroom units. A full-size washer and dryer is provided in all units.

While Bexley Village is well maintained, a new owner can upgrade unit interiors and elevate the amenities to increase revenue. In addition to rent premiums available by completing additional unit renovations, organic revenue increase is also expected as the current rents trail market by an average of $143+.

Greenwood was voted one of the best places to live in Indiana. The top four employers in Greenwood are FedEx, Amazon Distribution Center, and two large healthcare networks, Franciscan and Community Health, all of which are close to Bexley Village.

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Bexley Village
276 Units
700 Bexley Place
Greenwood, IN  46143
Type: Conventional
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 856-unit Gwinnett Value-Add Duo multifamily portfolio located in Northeast suburban Atlanta, Gwinnett County, the second largest county in Georgia. With a population expected to reach 1.4 million by 2040, Gwinnett’s I-85 ‘Golden Corridor’ offers quick access to numerous large employers as well as a gateway to all Atlanta’s major thoroughfares. Built in 1986 and 1988, Carrington Chase and Carrington Court arrive to market in a top submarket, with stellar performance trends, immediate space to push rental rates, and significant value-add upside.
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Gwinnett Value-Add Duo (2 properties, 856 units)
Carrington Chase
410 Units
6280 S. Norcross Tucker Road
Tucker, GA  30084
Type: Conventional
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 856-unit Gwinnett Value-Add Duo multifamily portfolio located in Northeast suburban Atlanta, Gwinnett County, the second largest county in Georgia. With a population expected to reach 1.4 million by 2040, Gwinnett’s I-85 ‘Golden Corridor’ offers quick access to numerous large employers as well as a gateway to all Atlanta’s major thoroughfares. Built in 1986 and 1988, Carrington Chase and Carrington Court arrive to market in a top submarket, with stellar performance trends, immediate space to push rental rates, and significant value-add upside.
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Gwinnett Value-Add Duo (2 properties, 856 units)
Carrington Court
446 Units
3800 Club Drive
Duluth, GA  30096
Type: Conventional
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Mallard Pointe apartment community located in Columbia, SC. Mallard Pointe is ideally situated in the affluent area of Southeast Columbia characterized by its impressive demographics, rising home values and a dwindling multifamily pipeline. Built in 1974, Mallard Pointe arrives to market with a blank slate for incoming investors to capitalize on a market backed value-add initiative by renovating all 120 units to enhance the asset’s position in the market and command premiums of $125-$150.
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Mallard Pointe
120 Units
1101 Hallbrook Drive
Columbia, SC  29209
Closed: 4/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit Mountain Ranch apartment community located in Fayetteville, AR, home to the University of Arkansas and its 32,000+ combined jobs and students. This asset is situated in the booming NW Arkansas MSA, world headquarters to Walmart, and four other Fortune 500 companies. Built in 2009, Mountain Ranch offers an outstanding opportunity to invest in a value add asset in a rapidly growing market.
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Mountain Ranch
360 Units
549 N Coral Canyon Loop
Fayetteville, AR  72704
Closed: 4/23/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 152-unit value-add multifamily offering, Pickwick Apartments, located in Jacksonville, Florida.

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Pickwick Apartments
152 Units
3580 Pall Mall Drive
Jacksonville, FL  32257
Type: Conventional
Closed: 4/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Serenity at Huntsville - 231 units located in the rapidly expanding city of Huntsville, AL. Huntsville has experienced 6% annualized apartment rent growth in Q2 2020 following 6.2% in 2018 and 7.9% in 2019. The asset is ideally situated in the South Huntsville corridor, an area of picturesque mountain views, top quality retail, and easy access to Downtown’s job drivers just minutes away. Constructed in 1963/74 with quality materials, the property is primed for a major repositioning as it trails its competitive set by $250+. Serenity at Huntsville offers the next investor a quality, well-located asset with significant value add upside.
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Serenity at Huntsville
231 Units
2022 Golf Road
Huntsville, AL  35802
Type: Conventional
Closed: 4/19/2021
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Timber Ridge
320 Units
6700 Wall Street
Mobile, AL  36695
Type: Conventional
Closed: 4/14/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present 1200 Marseille, a value-add multifamily opportunity on Miami Beach. The property consists of two buildings. The unit mix is excellent for the location consisting of four 1BR/1BA units and eight 2BR/2BA units with an average unit size of 973 square feet.

The immediate area surrounding the property is poised for significant investment and improvement. The Miami Beach Commission unanimously approved a master plan for the city’s North Beach neighborhood, which stretches from 63rd to 87th Street. The master plan will include a North Beach Town Center and is likely to revitalize the area with hundreds of millions of dollars of new developments and neighborhood improvements.

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1200 Marseille
12 Units
1200 Marseille
Miami Beach, FL  33141
Closed: 4/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Bellingham
152 Units
5001 Galaxy Way NW
Huntsville, AL  35816
Type: Conventional
Closed: 4/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Summerhill
223 Units
4515 Bonnell Drive
Huntsville, AL  35816
Type: Conventional
Closed: 4/6/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 288-unit value-add offering, Canopy Creek, located in Jacksonvile, Florida.

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Canopy Creek (need SP & buyer)
288 Units
11291 Harts Road
Jacksonville, FL  32218
Type: Conventional
Closed: 3/31/2021

The Crossroads Apartments is a well maintained 90s vintage asset at the cusp of the high-end Summerlin submarket, nearby the College of Southern Nevada and the US-95 freeway . The asset itself has a total of 32 units (883 SF average), covered & uncovered parking and a current strong pride of ownership. Crossroads is poised to benefit from its unique location, high occupancy rate, and its strong current collection trends.

With in-place rents currently averaging $853 per month, or $0.97 per SF, Crossroads offers investors the unique opportunity to acquire a 90s vintage asset with under market rents. This is especially attractive with the location of this type of asset, as Crossroads is located near the heart of West Las Vegas in a highly desirable submarket.

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Crossroads
32 Units
1110 Redwood St
Las Vegas, NV  89146
Type: Conventional
Closed: 3/31/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of the 353-unit The Ridge at Hamilton Crossing apartments in Maryville, TN, submarket of the Knoxville MSA. Located adjacent to one of Maryville’s largest retail districts, Hamilton Crossing, The Ridge at Hamilton Crossing’s central location offers unmatched access to both premier retail and local jobs. As the submarket’s newest and only true Class A asset, The Ridge at Hamilton Crossing is poised to benefit from Knoxville’s largest recent employment announcements, its highly underserved and appealing submarket fundamentals, and an opportunity to acquire one of the newest stabilized assets in the area.
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The Ridge at Hamilton Crossing
353 Units
100 Hamilton Drive
Maryville, TN  37801
Type: Conventional
Closed: 3/31/2021
Sold
Haven
220 Units
2600 Waterford Place
Hoover, AL  35244
Type: Conventional
Closed: 3/30/2021
Sold
High River
176 Units
1900 Rice Mine Road
Tuscaloosa, AL  35406
Type: Conventional
Closed: 3/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
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Southeast 979 Portfolio (5 properties, 979 units)
Park at Ashburn
184 Units
671 Westgate Pkwy
Dothan, AL  36303
Type: Conventional
Closed: 3/24/2021
Avalon is a garden-style community with value-add potential located in the desireable Biltmore/Camelback Corridor area of Phoenix. Amenities include a resort-style pool, fire pit, barbecue grills, fitness center, laundry facilities and a dog park.
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Avalon
117 Units
3851 North 28th Street
Phoenix, AZ  85016
Closed: 3/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Arlington – 97 units located in Jackson, Hinds County, MS. This well demanded asset sits approximately 8 miles north of the capital city of Downtown Jackson. Maintaining excellent visibility, signage and direct frontage off Ridgewood Rd, The Arlington offers residents quick access to all of Jackson’s primary economic drivers. The asset arrives to market highly occupied with strong cash flows, and double digit yields in year 1. Originally constructed in 1972, The Arlington presents the opportunity to acquire an upward-trending asset with strong cash flows in a high visibility location.
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The Arlington
97 Units
5845 Ridgewood Road
Jackson, MS  39211
Type: Conventional
Closed: 3/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 84-unit Park South duplex 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 1950, Park South has received over $1.35M in capex injected into the property including roof repair/replacement, landscaping, leasing office remodel and interior upgrades. The asset provides an outstanding opportunity to invest in a proven value-add asset, as the property is currently achieving rent premiums of $125 on renovated units.
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Park South
84 Units
2907 Jackson Street
Augusta, GA  30906
Type: Conventional
Closed: 3/12/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 92-unit value-add offering, The Palms at Cortez, located in Bradenton, Florida.

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The Palms at Cortez
92 Units
3810 5th Street E
Bradenton, FL  34028
Closed: 3/12/2021

The acquisition of Cross Creek provides investors with the rare opportunity to acquire 1990 built property with 6% cap rate year one WITHOUT additional renovations. Offered free and clear and primed for the best new debt terms available such as interest only and high leverage which will allows for an immediate double-digit yield.

The current owner skillfully renovated 100% of the units in 2016 with installation of new kitchen and bath cabinets, countertops, appliances, lighting and plumbing fixtures. The clubhouse was also upgraded in 2016 and provides a high end, open and modern atmosphere ideal for leasing.

Cross Creek arrives to market with over 96% trailing 3 months average occupancy and T-12 occupancy of 94%. In addition to strong occupancy, the property has achieved 4.6% organic rental income growth T-3 vs T-12. Recent leases prove the ability to quickly increase revenue easily by simply burning off the $61k annualized Loss to Lease.

Cross Creek is offered free and clear and can be purchased individually or as part of a 914 unit, 3 property portfolio that includes Beechmill (256 units) and Woodbridge – Ft Wayne (450 units). A portfolio purchase offers economies of scale.

Download an Executive Summary below. Full Offering Memorandum is coming soon.

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Cross Creek
208 Units
5756 Cross Creek Drive
Indianapolis, IN  46254
Closed: 3/11/2021