The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Pavilion, an 88-unit apartment community located in Hanceville, Cullman County, AL. The city of Cullman has consistently been highly-ranked with regards to business expansion/retention, quality of life, and education. This asset features solid collections figures, excellent historical occupancy, and room to push rents and revenue via value add. Built in 1994, The Pavilion represents an outstanding opportunity to invest in a high-growth asset within a limited supply submarket.
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The Pavilion
88 Units
401 College Drive NE
Hanceville, AL  35077
Closed: 8/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Vinings at Market Common, a 288-unit apartment community located in Myrtle Beach, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors, and a market leading amenity package, The Vinings at Market Common is truly the premier multifamily asset in Myrtle Beach. Located a stone’s throw from the Market Common retail district, the property offers an unmatched quality of life, in close proximity to Myrtle Beach’s most coveted retail and entertainment destinations. After a rapid concession-free lease-up to stabilization, new ownership has the opportunity to capitalize on a unique renovation program in South Carolina’s fastest growing county. The metro's job growth is expected to outpace new deliveries by 20:1 through 2021, uniquely positioning The Vinings at Market Common to capitalize on long-term favorable fundamentals.
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The Vinings at Market Common
288 Units
2501 Hammock Street
Myrtle Beach, SC  29577
Type: Conventional
Closed: 8/27/2019
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of LUXE on Chicago, a brand new, mixed-use development with 59 apartment homes and 13,979 sf of ground-floor retail. Completed in 2016, LUXE on Chicago is the first luxury rental building to be built in Ukrainian Village, a rapidly-transforming neighborhood in West Town, bordering the established and trendy Wicker Park. With unparalleled design, LUXE on Chicago offers an outstanding opportunity to acquire West Town’s premier luxury rental building in a sub-market with incredible demographic trends and significant barriers to entry for new construction.
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LUXE on Chicago
59 Units
1838 W. Chicago Avenue
Chicago, IL  60622
Type: Conventional
Closed: 8/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 56-unit Ashton Pointe apartment community located in Monroe, Walton County, Georgia. This asset is situated in the rapidly growing city of Monroe, located just 30 minutes east of Atlanta’s city center, directly accessible via Highway 78. Walton County is not only fundamentally strong in terms of apartment market indicators, but job growth is expected to surge with recent announcements, including a major pharmaceutical merger that will eventually add 500 jobs. Built in 1999, Ashton Pointe will soon be free from all LIHTC restrictions as it completely phases out by October 2019, allowing a new investor to initiate a full value-add strategy.
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Ashton Pointe
56 Units
429 Plaza Drive
Monroe, GA  30655
Type: LIHTC
Closed: 8/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, Florida. This asset is situated along US-98, a high-traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Pensacola is benefiting from the upcoming Navy Federal Credit Union corporate campus expansion (5,000 jobs, $1.2B new investment). Built in 1997 and showing powerful leasing trends, Crystal Lake offers an outstanding opportunity to invest in an asset boasting proven value add potential within a constrained multifamily market.
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Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Closed: 8/23/2019

Multifamily development site consisting of 1.527 acres centrally located in the heart of Downtown Phoenix, Arizona in the iconic Roosevelt Row Arts District - one of the most popular neighborhoods not only in Phoenix, but in the nation. This very walkable community is just steps away from art galleries, restaurants, retail shops, bars and entertainment venues forming the Phoenix area’s only true urban, walkable neighborhood. The property’s location is less than a half-mile away from the I-10 freeway and a short walk to the light rail station at Roosevelt Street and Central Avenue.

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3rd & Portland NEC
1.53 Acres
3rd Street & Portland Street
Phoenix, AZ  85004
Type: Land
Closed: 8/22/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit Retreat at Stonecrest apartment community located in Lithonia, DeKalb County, GA. This top-of-the-market asset is situated in east metropolitan Atlanta and is convenient to large employers, including the Snapfinger Industrial District and a planned $200M sports complex. Effective rents for the immediate submarket have grown by more than 42% since 2010, and given a five-mile radius of Retreat at Stonecrest, zero units have been delivered in the past 10 years. These incredible supply demand dynamics will translate to compelling growth that can be enhanced by elevating the property's interior finishes to meet market demand. Retreat at Stonecrest is an excellent opportunity to acquire a true value-add investment, where in-place rents lag the comps by more than $180, well below replacement cost.
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Retreat at Stonecrest
276 Units
40 Amanda Drive
Lithonia, GA  30058
Type: Conventional
Closed: 8/21/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 137-unit Oak Ridge apartment community located in Largo, Florida. Built in 1974 of concrete block construction, Oak Ridge apartments offers new ownership the unique opportunity to purchase a rare majority Townhome-style community and capitalize on a proven existing renovation plan.

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Oak Ridge
137 Units
13333 Ridge Road
Largo, FL  33778
Closed: 8/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit Sterling Hills apartment community located in Johnson City, Carter County, Tennessee. This 1980s built asset benefits from its desirable suburban location and is surrounded by mountains and valleys. Future ownership has the opportunity to increase revenue through completion of a market-supported, strategic renovation program.
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Sterling Hills
216 Units
1 Milligan Lane
Johnson City, TN  37601
Type: Conventional
Closed: 8/20/2019

Echo Ridge is a 2002 built property located in a desirable infill location that benefits from limited nearby competition. While well maintained, the property has largely original finishes and amenities and offers the ability to increase revenue with untapped renovation opportunities. The existing unit layouts and features can be easily enhanced and result in premiums of more than $75 / month. With 9-foot ceilings on the first floor and vaulted ceiling on second floor, each floorplan offers spacious living areas.

Located in Franklin Township on the southeast side of Indianapolis, Echo Ridge enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants, employment and medical facilities.

Echo Ridge offers very attractive assumable Fannie Mae debt already in place. Debt terms include a low 4.43% interest rate, interest only payments until November of 2022 and loan maturity not until October of 2032.

Echo Ridge can be purchased individually or as part of a 600 unit, 3 property portfolio to include Pheasant Run – 184 units and English Village 208 units.

All three properties are located on the southeast side of Indianapolis, and a portfolio purchases offers economies of scale.

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Echo Ridge
208 Units
8520 Sierra Ridge Drive
Indianapolis, IN  46239
Type: Conventional
Closed: 8/17/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Altis Bonterra, a brand new, stabilized apartment home community located in greater Miami. The property has 314 residences in three-story buildings, all with private entrances and direct access garages to 35% of the apartment homes. Conveniently located with immediate access to I-75 and the recently completed infrastructure project connecting I-75 and the Florida Turnpike, residents can access the major employment markets within both Broward and Miami-Dade Counties. Additionally, two miles north, the $4 billion, 6.2M-square-foot American Dream Mall is approved and will be a catalyst for the area. Altis Bonterra is considered one of the highest quality suburban multifamily assets within Miami. The property boasts an established demographic with an average age of 37 and average household income exceeding $100,000. Altis Bonterra is being offered to the market for the first time by its nationally-recognized developer, The Altman Companies.

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Altis Bonterra
314 Units
3545 West 98th Street
Hialeah, FL  33018
Type: Conventional
Closed: 8/15/2019
Sold
Dogwood Park
52 Units
138 Perry Road
Grenada, MS  38901
Type: Affordable Housing
Closed: 8/15/2019
Sold
Windsor Park
279 Units
5425 Clinton Boulevard
Jackson, MS  39209
Type: Conventional
Closed: 8/15/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire 8800 Doral (the “Property”) - a Class-AAA, 550-apartment-home, luxury midrise residential community located in the heart of Doral, Florida, offered for the first time by its globally-renowned developer, Hines. The Property was opened in 2018 and recently completed its lease-up. The Property is located at the Doral’s main and main, which makes it steps away from key points of interest such as Trump Doral and billions of dollars in mixed-use developments in Downtown Doral and CityPlace Doral. Within a one-mile radius of the Property is 5.1 million square feet of office space, including multiple international, North American, and regional headquarters. Driven by the abundance of high paying jobs and excellent schools, Doral is projected to continue its rapid growth - strengthening 8800 Doral’s long-term demand. 8800 Doral presents a rare opportunity to acquire a new construction, stabilized Miami-Dade luxury apartment community at the epicenter of its fastest growing city.

8800 Doral has been developed by Hines and designed by Arquitectonica. This combination of an industry leading developer and Miami based, world-class architect has positioned 8800 Doral as a long term, best-in-class asset that has set the standard for luxury living in Doral.

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8800 Doral
550 Units
8800 Doral Blvd.
Doral, FL  33178
Type: Conventional
Closed: 8/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 336-unit Chateaux DiJon apartment community located in Metairie, LA in the New Orleans metro area. This asset is situated in the high barriers-to-entry submarket of Metairie, boasting upscale demographics, solid single-family housing stock, and limited apartment deliveries. The property is minutes from millions of square feet of high-end retail, including Lakeside Shopping Center and Clearview Mall, and Class A office space, such as the Lakeway Office Towers, Galleria Tower and East Jefferson Hospital. Chateaux DiJon presents an opportunity to acquire a true value-add asset in one of New Orleans premier submarkets.
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Chateaux DiJon
336 Units
3301 West Esplanade Avenue N
Metairie, LA  70002
Type: Conventional
Closed: 8/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Iris Glen apartment community located in Conyers, Georgia. This asset is situated in Rockdale County along East Atlanta’s parth of progress, which is fueled by easy access throughout Metro Atlanta via I-20 (113,000 VPD). The strong industrial East Side job market has resulted in excellent rent growth in the submarket. Built in 1983, Iris Glen offers an outstanding opportunity to invest in a solid-performing asset with value-add upside.
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Iris Glen
80 Units
101 Iris Glen Drive
Conyers, GA  30013
Closed: 8/12/2019
CALL FOR OFFERS MARCH 6, 2019
Available Individually or in Conjunction with Lakes at North Port

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Ashley Place, located in New Port Richey, Florida. The asset is a 143-unit class "B" garden-style apartment community built in 1986 of concrete block construction.

The Park at Ashley Place offers a high impact value-add upside. Based on current market competitive set analysis, a value-add program will allow monthly market rents to be increased by an average of $212 per unit from the current in-place rents.

The community is just over a 30-minute commute to Downtown Tampa, Tampa International Airport, the Westshore Business District, plus only minutes from "A" rated Trinity Hospital and over 24 million square feet of new office and industrial space.

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The Park at Ashley Place
143 Units
4031 Vista Verde Drive
New Port Richey, FL  34655
Closed: 8/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The District, a brand new, mixed-use community featuring 309 apartment units and 8,465 square feet of retail space located in urban Asheville, North Carolina’s focal point for retail and entertainment, the Historic Biltmore Village neighborhood. With unparalleled midrise design that represents the pinnacle of apartment living in Asheville, The District offers the rare opportunity to acquire the premier core asset in a rapidly expanding market. Recently achieving stabilization at the conclusion of Asheville’s best lease-up since 2015, The District is poised to continue proven 8%+ rent growth on the next generation of leases, driven by Buncombe County’s highest-earning renter pool, irreplaceable convenience to expanding blue-chip employers, and the highest jobs-to-supply ratio in the Carolinas.
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The District
309 Units
100 District Drive
Asheville, NC  28803
Type: Conventional
Closed: 8/7/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit, Hampton Courts apartment community located in Columbia, SC. Embedded in a strong white-collar submarket, Hampton Courts sits in close proximity to the top employment and retail centers in the region, reaping the benefits of large investments continuously expanding and strengthening the Columbia job market. Coupled with affluent demographics, Hampton Courts offers the chance to boost NOI through organic growth and the implementation of an expanded value-add 2.0 program, positioned to generate $150 premiums.
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Hampton Courts
276 Units
501 Pelham Drive
Columbia, SC  29209
Type: Conventional
Closed: 8/6/2019
Cushman & Wakefield is pleased to present for sale Nicollet Apartments, a 29-unit value-add opportunity in the vibrant neighborhood of Kingfield in Southwest Minneapolis.

The property is located just off I-35W on the bustling street of Nicollet Avenue. Nicollet Apartments’ prime location gives residents easy access to everything. The property is located minutes from Downtown, Uptown, Lake Harriet, Lake Calhoun, Midtown, and Lake Nokomis. Located in the thriving Kingfield neighborhood, the property is steps from locally acclaimed restaurants including Grand Café, Victor’s 1959 Café, Blackbird Café, Patisserie 46, Revival, Tap Society, and the Kingfield Farmers Market.

Nicollet Apartments is a true value-add opportunity with legitimate immediate upside. The unit-mix is predominantly three-bedrooms with large open floor plans and vinyl plank flooring in select units. The average in-place rent is currently 20% below comparable properties in the sub-market, allowing opportunistic investors the ability to capture their desired returns through implementing a “light” in-unit and common area renovation plan.

Nicollet Apartments is offered free and clear of existing financing and tours will begin the week of April 29th. Please contact Robert Dulin directly to set up a tour, which will be scheduled by appointment only.
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Nicollet Apartments
29 Units
4429 Nicollet Ave S
Minneapolis, MN  55419
Type: Conventional
Closed: 8/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of PROSPER Hattiesburg - 304 units located in Hattiesburg, MS, which ranks #1 for job growth state-wide. Optimally situated in the thriving Westside corridor of Hattiesburg, PROSPER Hattiesburg is near major employment drivers, diverse retail options, and the University of Southern Mississippi. Current ownership has successfully tested value add viability on 152 units at the subject, now garnering up to $120 premiums. With an excellent location and proven value add potential, PROSPER Hattiesburg is primed for further value creation through continued upgrade initiatives.
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PROSPER Hattiesburg
304 Units
200 Foxgate Avenue
Hattiesburg, MS  39402
Type: Conventional
Closed: 8/2/2019

The Cardinal Pointe Portfolio consists of 4 properties currently owned by an out- ofstate private equity group that purchased the properties approximately 10 years ago. Three of the four properties (Cardinal Pointe I, Cardinal Pointe II and University Apartments) are predominately occupied by Ball State undergrad students and are adjacent to campus. Wheeling Manor, the smallest of the four properties (24 units) is occupied by mainly non-student residents. All properties are leased by the unit, not by the bed, and have a history of high 95%+/- occupancy.

The majority of the units have original interior finishes and offer the new owner the opportunity to complete updates and achieve rent premiums .

The portfolio is being offering free and clear.

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Cardinal Pointe Portfolio (4 properties, 195 units)
Cardinal Pointe I
62 Units
808 W. Riverside Avenue
Muncie, IN  47303
Type: Conventional
Closed: 8/1/2019

The Cardinal Pointe Portfolio consists of 4 properties currently owned by an out- ofstate private equity group that purchased the properties approximately 10 years ago. Three of the four properties (Cardinal Pointe I, Cardinal Pointe II and University Apartments) are predominately occupied by Ball State undergrad students and are adjacent to campus. Wheeling Manor, the smallest of the four properties (24 units) is occupied by mainly non-student residents. All properties are leased by the unit, not by the bed, and have a history of high 95%+/- occupancy.

The majority of the units have original interior finishes and offer the new owner the opportunity to complete updates and achieve rent premiums .

The portfolio is being offering free and clear.

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Cardinal Pointe Portfolio (4 properties, 195 units)
Cardinal Pointe II
57 Units
2000 N. Oakwood Avenue
Muncie, IN  47304
Type: Conventional
Closed: 8/1/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present Mezzo of Tampa Palms, a 340-unit value-add multifamily asset located in Tampa, Florida. Constructed in 1992, the property features 3-story walk-up buildings with large units averaging 1,193 square feet. The seller has invested approximately $3.4 million in capital improvements consisting of extensive exterior renovations, amenity enhancements and partial unit upgrades.

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Mezzo of Tampa Palms
340 Units
15210 Amberly Drive
Tampa, FL  33647
Closed: 8/1/2019