Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Crystal Lakes a 716-unit townhome and apartment community located in Richmond, VA. Built between 1967 and 1973, Crystal Lakes offers the ability to acquire one of the largest communities in the Richmond MSA in a distressed situation. The Property has 123 units in unrentable condition and bringing these units back online with a higher finish level can garner rental premiums consistent with other renovated properties in the broader submarket. Additional value can be added through washer and dryer installation. The Property is located in desirable Chesterfield County with direct access to Chippenham Parkway and the balance of the Richmond MSA. Crystal Lakes presents investors with the rare opportunity to acquire a large REO distressed asset with significant current cash flow and value-add upside within the stable and expanding Richmond economy.
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Crystal Lakes
716 Units
3501 Meadowdale Boulevard
Richmond, VA  23234
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit, 1997-built Cypress Run apartments located in Columbia, SC. The property is conveniently situated off of Interstate-26, offering residents easy access to the area’s major economic drivers as well as the city’s premier retail corridor. Cypress Run is a quality, strong performing asset – boasting an average economic and physical occupancy of 96% over the trailing twelve (12) months – that has enormous upside potential through an interior upgrade initiative, and a discount to replacement cost.
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Cypress Run
204 Units
3430 Broad River Road
Columbia, SC  29210
Type: Conventional
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Arbor Glen and Meadow Green apartment communities in Spartanburg, South Carolina. Situated along the commerce-rich I-85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (8,800 employed) and burgeoning high-tech economy. The adjacent subject assets are in desirable east Spartanburg, one mile from the busy East Main Street commercial corridor (Publix, Fresh Market, Aldi). Ripe for value add, these synergistic properties represent outstanding investment potential in the powerful Upstate region.
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Arbor Glen & Meadow Green (2 properties, 272 units)
Meadow Green
116 Units
1504 Fernwood Glendale Road
Spartanburg, SC  29307
Type: Conventional
Closed: 9/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 188-unit, 1976-built Stone Ridge Apartments in Columbia, SC. The property is conveniently located off of I-26 between the Downtown Columbia and Harbison Boulevard Corridors. The asset offers an outstanding opportunity to invest in a solid performing asset with an attractive unit mix and proven potential to boost NOI through completion of a value-add program.
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Stone Ridge
188 Units
1000 Watermark Place
Columbia, SC  29210
Type: Conventional
Closed: 9/27/2017
Property Tours:
  • Thursday, June 29, 2017
  • Thursday, July 6, 2017
  • Thursday, July 13, 2017
  • Thursday, July 20, 2017
  • Thursday, July 27, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 243-unit Fairway View apartment community located in northeast metropolitan Atlanta’s premier expansion market of Gwinnett County, Georgia, one of the fastest growing counties in the nation for more than two decades. Completed in 1974, Fairway View is adjacent to the 200-acre Northwoods Country Club, which offers breathtaking views of its 18-hole golf course. The community, which has 99 townhomes (41%), is poised for organic rent growth due to the limited submarket apartment supply and manifest demand for higher level finishes.

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Fairway View
243 Units
3348 Fairway Oaks Drive
Lawrenceville, GA  30044
Type: Conventional
Closed: 9/26/2017
Cushman & Wakefield of Florida, Inc. is pleased to present the exclusive offering of Ocean Oaks, a 296-unit, Value-Add opportunity. The property is centrally located in scenic Port Orange, Florida, within the Deltona-Daytona Beach-Ormond Beach Metropolitan Statistical Area (MSA). The region is part of the "Fun Coast" and best known for its tourism industry attracting millions of visitors each year due to its proximity to beaches and playing host to a number of motorsport events.
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Ocean Oaks
296 Units
1645 Dunlawton Avenue
Port Orange, FL  32127
Type: Conventional
Closed: 9/26/2017
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Trellis at Lee’s Mill, a 176-unit value-add apartment community located in Newport News, VA. Built in 1974, Trellis at Lee’s Mill has proven value-add upside with in-unit renovations in select units generating significant premiums. Investors will have the ability to continue or enhance these existing renovations, including adding in-unit washers and dryers. The Property’s highly desirable location in close proximity to Fort Eustis, a major Newport News employer, adds to the appeal. Trellis’ exceptional location and significant renovation upside presents investors with the rare opportunity to acquire a well maintained, value-add apartment community with significant future growth prospects within the expanding Hampton Roads economy.
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Trellis at Lee's Mill
176 Units
308 Charles Street
Newport News, VA  23608
Closed: 9/26/2017
Property Tours:
  • Wednesday, May 17, 2017
  • Wednesday, May 24, 2017
  • Wednesday, May 31, 2017
  • Wednesday, June 7, 2017
  • Wednesday, June 14, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of 675 N. Highland, a brand new boutique mixed-use property in Atlanta’s historic Virginia-Highland community. Boasting condo quality construction and market leading finishes, 675 N. Highland is a once-a-cycle opportunity to acquire a top of the market asset with a main and main location in the heart of one of the region’s hottest urban submarkets.

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675 N. Highland
125 Units
675 North Highland Avenue
Atlanta, GA  30306
Type: Conventional
Closed: 9/25/2017
Property Tours:
  • Tuesday, May 16, 2017
  • Tuesday, May 23, 2017
  • Tuesday, May 30, 2017
  • Tuesday, June 6, 2017
  • Tuesday, June 13, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the 500-unit Trees of Avalon in McDonough, Henry County, Georgia. Henry County is one of Atlanta’s top growth corridors with over 15% projected population growth over the next 5 years. Despite this impressive growth, Henry County’s 96%+ occupied apartment market has been extremely undersupplied this development cycle, providing a catalyst for continued rent growth. As a well-built 2008/2009 vintage asset, Trees of Avalon has excellent bones and large floorplans ripe for interior and exterior upgrades that can generate a market-supported $250 rent increase upon completion

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Trees of Avalon
500 Units
2014 Avalon Parkway
McDonough, GA  30253
Type: Conventional
Closed: 9/13/2017
Sold
Vistara at SanTan Village
366 Units
1725 S. Coronado Road
Gilbert, AZ  85295
Closed: 9/12/2017
Property Tours:
  • Thursday, April 27, 2017
  • Thursday, May 4, 2017
  • Thursday, May 11, 2017
  • Thursday, May 18, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 344-unit Waterford Point apartment community located in the rapidly growing west metro Atlanta suburb of Lithia Springs, Douglas County, Georgia. Douglas County is home to the SE headquarters of the American Red Cross and major recent investments by Google and Keurig. The asset is situated a half-mile north of Atlanta’s East-West I-20 corridor, 6 miles west of I-285, and is adjacent to the prolific Thornton Road and Fulton Industrial Boulevard industrial and warehouse districts. Built between 1989 and 1992, Waterford Point offers prime investment potential for a revenue-producing value-add program in a high-barriers submarket.

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Waterford Point
344 Units
670 Thornton Road
Lithia Springs, GA  30122
Type: Conventional
Closed: 9/12/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 404-unit Birmingham Four Portfolio, located in the expanding Birmingham, Alabama. This portfolio, consisting of 4 properties (Summer Rise, Summer Terrace, Westlee Park, and Wellington Place) is situated around the Birmingham radius and features quick access to Downtown. Built in the early 1970’s, the Birmingham Four Portfolio represents an outstanding opportunity to invest in highly occupied assets with robust upside potential near local economic drivers.
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Birmingham Four Portfolio (4 properties, 404 units)
Summer Terrace
140 Units
107 Sterling Court NW
Birmingham, AL  35215
Type: Conventional
Closed: 9/8/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 404-unit Birmingham Four Portfolio, located in the expanding Birmingham, Alabama. This portfolio, consisting of 4 properties (Summer Rise, Summer Terrace, Westlee Park, and Wellington Place) is situated around the Birmingham radius and features quick access to Downtown. Built in the early 1970’s, the Birmingham Four Portfolio represents an outstanding opportunity to invest in highly occupied assets with robust upside potential near local economic drivers.
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Birmingham Four Portfolio (4 properties, 404 units)
Wellington Place
64 Units
6702 Forest Drive
Fairfield, AL  35064
Type: Conventional
Closed: 9/8/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 404-unit Birmingham Four Portfolio, located in the expanding Birmingham, Alabama. This portfolio, consisting of 4 properties (Summer Rise, Summer Terrace, Westlee Park, and Wellington Place) is situated around the Birmingham radius and features quick access to Downtown. Built in the early 1970’s, the Birmingham Four Portfolio represents an outstanding opportunity to invest in highly occupied assets with robust upside potential near local economic drivers.
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Birmingham Four Portfolio (4 properties, 404 units)
Westlee Park
104 Units
1012 33rd Street SW
Birmingham, AL  35221
Type: Conventional
Closed: 9/8/2017
Sold
Cottages on Tazewell
251 Units
5000 Tazewell Pike
Knoxville, TN  37918
Type: Conventional
Closed: 9/7/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Hawthorne Glen at Strickland, a niche 156-unit, 2000-built garden apartment community in affluent northwest Raleigh, NC. Located within the I-540 loop, the affluent and predominantly single-family residential neighborhood boasts average HHI’s of $125,000, median home values of $342,000 and is in close proximity to Raleigh’s major employment nodes featuring 70,000 high-paying jobs at employers such as Lenovo, IBM, BASF, Cisco Systems, Oracle, Qualcomm and Lockheed Martin. The property, which features some of the largest average unit sizes in the submarket, includes a fully renovated amenity package and an in-place value-add program obtaining a 24% ROI. In addition, the property is primed to execute a Class A interior renovation with $250 premiums as newer supply is averaging $285 - $446 higher rents.
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Hawthorne Glen at Strickland
156 Units
12203 Strickland Road
Raleigh, NC  27613
Type: Conventional
Closed: 9/7/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Hawthorne Westside, a 200-unit garden apartment community located in the heart of the West Ashley neighborhood just minutes from Downtown Charleston. With direct I-526 access, the property offers convenient access to major employment centers including Boeing, Joint Base Charleston, the new Mercedes-Benz plant, and Volvo plant. The well-maintained, 1987-built property offers the best amenity package in the submarket and includes a proven value-add program obtaining $115 to $150 premiums on a $4,900 to $5,700 renovation scope. Further upside remains as: (1) new supply is averaging $350 - $500 higher rents and (2) 1980’s value-add product on James Island is averaging rents $140 - $240 above Hawthorne Westside.
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Hawthorne Westside
200 Units
2235 Ashley Crossing Drive
Charleston, SC  29414
Type: Conventional
Closed: 9/6/2017
Sold
The Pepper Building
184 Units
1830 Lombard Street
Philadelphia, PA  19146
Closed: 9/1/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 17-unit 78 Sheridan apartments located in north metro Atlanta, Fulton County, Georgia. This boutique Buckhead offering is situated in Atlanta’s top urban submarket posting the metro’s strongest rent growth. Built in 1965, 78 Sheridan offers a rare opportunity for short and long-term returns in one of the most sought-after residential districts in the nation.
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78 Sheridan
17 Units
78 Sheridan Drive
Atlanta, GA  30305
Closed: 8/31/2017
Property Tours:
  • Tuesday, March 7, 2017
  • Tuesday, March 14, 2017
  • Tuesday, March 21, 2017
  • Tuesday, March 28, 2017
  • Tuesday, April 4, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 306-unit Ansley at Princeton Lakes apartments in Atlanta, Georgia. Developed in 2009 by Hathaway Development, this strategically-located Class A asset is part of an elite six-property Class A niche that serves the Hartsfield-Jackson International Airport "Aerotropolis" economic engine, which is Georgia’s largest employment center with 63,300+ jobs on site, 450,000+ jobs regionally, and a $65B annual economic impact. Given its niche Class A position immersed in a rapidly-expanding economic base, Ansley at Princeton Lakes offers the perfect canvas for value-add improvements and near and long-term investment growth.

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Ansley at Princeton Lakes
306 Units
3871 Redwine Road
Atlanta, GA  30344
Type: Conventional
Closed: 8/31/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit Villas at Lanier apartment community located in Gainesville, Hall County, Georgia. Gainesville-Hall County experienced a 39.2% MSA growth rate from 2000 - 2015. Villas at Lanier is located in the high barrier-to- entry Hall County submarket, characterized by limited new deliveries and strong organic rent growth. The asset’s superior physical plant, coupled with an exceptional surrounding demographic profile, have led to strong historical property performance highlighted by a 9% increase in NOI year-over-year from March 2016. With demand for upgraded interiors evident in the submarket, Villas at Lanier is an excellent investment opportunity.
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Villas at Lanier
150 Units
1750 Columns Drive
Gainesville, GA  30504
Type: Conventional
Closed: 8/31/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 228-unit, 1991-built The Arbors at Windsor Lake apartments in Columbia, SC. The property is conveniently located off of I-77 nearby some of the area’s top employers, and is barbelled between the affluent Forest Lake and Wildewood communities. The Arbors at Windsor Lake is a strong performing asset primed for a value-add initiative that is being offered at a discount to replacement cost.
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Arbors at Windsor Lake
228 Units
8720 Windsor Lake Boulevard
Columbia, SC  29223
Type: Conventional
Closed: 8/30/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 752-unit Northeast Atlanta Portfolio consisting of three apartment communities (Bella, Centre at Peachtree Corners, and Summit at Dawson) located in Norcross, Gwinnett County, Georgia. The properties share a similar vintage and location, situated three miles apart, offering new ownership economies of scale and operational efficiencies. With over $22.7M ($30K/unit) in strategic capital improvements spent in the last four years, prior ownership upgraded every aspect of the properties, allowing new ownership to focus on a minor value-add program to maximize portfolio value. The Northeast Atlanta Portfolio is very well maintained with fully-amenitized communities featuring oversized floor plans. The properties’ locations are poised for significant appreciation as both population and employment growth in the Northeast Corridor are projected to outpace the rest of the Atlanta Metro through 2030. Properties can be purchased individually or as a portfolio.
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Northeast Atlanta Portfolio (3 properties, 752 units)
Centre at Peachtree Corners
272 Units
3325 Holcomb Bridge Road
Peachtree Corners, GA  30092
Type: Conventional
Closed: 8/29/2017

Anzio is a 240 unit Class B apartment community located on Broadway Road at Priest Drive in Tempe, Arizona. This outstanding location provides residents with access to major Valley freeways, Arizona State University, Tempe Town Lake and Mill Avenue with its unique shops, restaurants and entertainment.

Anzio offers its residents two swimming pools with spa, a clubhouse, resident business center, fitness center, basketball court, children’s playground, on-site pet park, picnic area with barbecue, laundry facilities, secured bike storage, gated access and covered parking. Interior amenities include fully equipped kitchens with dishwashers and pantries, walk-in closets, ceiling fans, vertical blinds and private balconies/patios.

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Anzio
240 Units
1330 West Broadway Road
Tempe, AZ  85282
Closed: 8/28/2017