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.
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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.
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The George & The Leonard (2 properties, 217 units)
The Leonard
85 Units
301 Memorial Drive
Atlanta, GA  30312
Type: Conventional
Closed: 10/11/2019
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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.

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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.
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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.

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Orlando Sky
140 Units
4990 North Lane
Orlando, FL  32808
Type: Conventional
Closed: 10/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Vistana, a striking 247-unit apartment tower in downtown San Antonio, Texas. As San Antonio’s only residential highrise, this marquee asset is primed to benefit from the city’s nationally-leading population growth and its location in the top state for business. High-profile corporate relocations and expansions, coupled with catalytic local developments such as the San Pedro Creek Culture Park and Alameda Theater restoration, continue to fan San Antonio’s unprecedented downtown revitalization. Further, investors will appreciate immediate investment upside via moderate interior upgrades and amenity enhancements. Overall, The Vistana represents a markedly rare opportunity to acquire the most prominent San Antonio multifamily asset at significantly below replacement cost value.
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The Vistana
247 Units
100 N Santa Rosa Street
San Antonio, TX  78207
Type: Conventional
Closed: 10/8/2019

The Cushman & Wakefield Fogler/Nicoluzakis Multifamily Capital Markets Team is pleased to offer CENTERRA, a renovated, 202-unit, garden-style apartment community located near Frank Lloyd Wright Boulevard and Shea Boulevard in North Scottsdale, Arizona, one of the Phoenix area's most exclusive neighborhoods.

Centerra is a gardden-style, two and three story community featuring a mix of one and two bedroom/two bath units with washers and dryers. All 202 units have been completely upgraded with new Whirlpool stainless steel appliances, new cabinets (in kitchens and bathrooms), new flooring, granite countertops (in kitchens) along with new light and plumbing fixtures.

In addition to the unit interiors, the exterior of the property and amenities were updated. Exterior improvements included the addition of a fitness center, updates to the leasing/business center, new roofs and a complete repaint of the community. While Centerra has been updated, there is still value-add potential remaining through targeted upgrades.

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Centerra
202 Units
11100 N. 115th Street
Scottsdale, AZ  85259
Type: Conventional
Closed: 10/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 154-unit Family Place apartment community located in Mobile, Alabama. This asset is situated on Michael Boulevard, just over one mile south of Airport Boulevard. With I-65 under a half mile from the subject, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1973, Family Place offers an outstanding opportunity to invest in a property that is coming out of LIHTC and has exceptional value add potential.
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Family Place
154 Units
3600 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Closed: 10/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Ellis, a timeless apartment community located in Savannah, GA. Completed in 2019, The Ellis represents a rare opportunity to acquire one of Savannah’s only fully-amenitized, true Class A multifamily assets near Downtown. The property’s strategic market position provides a compelling value proposition with direct connectivity to a plethora of retail, dining, and entertainment, as well as convenient access to the barrier islands. The Ellis will directly benefit from Savannah’s continued population and job growth, as well as the city’s prolific economic impact on Georgia and the nation.
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The Ellis
235 Units
3 Woodcock Road
Savannah, GA  31404
Type: Conventional
Closed: 10/3/2019

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.71 acre multifamily development site in Phoenix's rapidly transforming Central Corridor. The opportunity consists of ±117,907 square feet of developable land north of the northwest corner of Osborn Road and 4th Avenue.

This rare site is located near the Valley Metro Light Rail, with a station within walking distance of the property at Central Avenue and Osborn Road. Phoenix's urban revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University's downtown campus and Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions within the Central Corridor.

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4th Ave & Osborn Rd Dev Site
2.71 Acres
3500 North 4th Avenue
Phoenix, AZ  85013
Type: Land
Closed: 9/30/2019

The acquisition of The E’laan provides an investor the opportunity to purchase a brand new, Class A apartment property in the hottest neighborhood (Market East) in booming downtown Indianapolis. Also, the investment offers the opportunity to acquire fully entitled land to build a second phase to the E’laan with up to 70 more units.

The E’laan is a brand-new (first occupancy May 2018) luxury community that appeals to the professionals looking for a high-end urban living experience. The property has a boutique hotel feel with a first-floor lobby that offers seating, WIFI and a Starbucks coffee machine. The 5-story building with a roof-top sundeck has great views of downtown Indianapolis. The roof-top deck offers seating for 20 surrounded by a beautiful green roof. The one and two-bedroom units are exceptionally large for an urban community offering an average size of over 1,100 square feet. There are four floors of apartments built on a concrete podium first floor parking structure. There are 14 garage parking spaces and 16 surface spaces.

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The E'laan
24 Units
515 E Market Street
Indianapolis, IN  46204
Type: Conventional
Closed: 9/30/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the investment opportunity to acquire Ventura Pointe – a premier 206-unit apartment home community located in Pembroke Pines, Florida. The property is comprised of four- and five-story elevatored garden buildings with an average unit size of 958 square feet.

Ventura Pointe is centrally located in Pembroke Pines and provides convenient access to the employment markets of Miramar, Plantation, Sunrise and the South Florida Education Corridor. The property is also adjacent to the 301-bed Memorial Hospital Pembroke. Located on University Drive with drive-by exposure to 53,000 cars, residents have excellent access to retail and entertainment along the corridor with a new Lucky’s Market opening less than one mile from the property. Ventura Pointe opened in April 2018 and is finalizing its lease-up.

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Ventura Pointe
206 Units
7850 Pasadena Blvd.
Pembroke Pines, FL  33024
Closed: 9/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 220-unit Hickory Falls apartment community located in Villa Rica, Carroll County, Georgia. The asset’s position just southwest of the GA-61/I-20 interchange offers it access to all of Atlanta’s major job hubs, including more than 88M SF of industrial space. Limited apartment supply in Carroll County has created a solid apartment market and is driving strong performance at the property. With strong demand for high-end finishes and proven value-add within its competitive set, Hickory Falls is primed for repositioning with nearly 100% classic units.
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Hickory Falls
220 Units
801 Hickory Level Road
Villa Rica, GA  30180
Type: Conventional
Closed: 9/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 173-unit Magnolia Preserve apartment community located in Dothan, Alabama. Dothan is widely regarded as the "southeastern gem" of the state, with a growing medical/industrial economy and major local job growth. Magnolia Preserve maintains one of the best multifamily locations in the submarket, within the Montgomery Highway retail corridor (3M+ SF) and $80K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding NRI growth since delivery (9.2% YoY last 3 years) and stable occupancy. The next investor can further juice collections through rounding out the in-place value add campaign. The asset is offered as a debt assumption or on an all-cash basis.
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Magnolia Preserve
173 Units
101 Magnolia Ridge Place
Dothan, AL  36303
Type: Conventional
Closed: 9/27/2019
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Golflinks & Royale (2 properties, 195 units)
Golflinks
96 Units
5 Mooney Road Northeast
Fort Walton Beach, FL  32547
Closed: 9/26/2019
Randall Highlands is situated in a resort-like setting is in the village of North Aurora in the Kane County suburb of Chicago. Built in 2013, this core-plus property consists of 146 two- and three-bedroom townhomes and amenities include a zero-entry pool, fully-amenitized clubhouse including fitness center, locker rooms and resident lounge. The asset is a perfect opportunity that affords a new owner the ability to impellent value enhancements both in unit and across the amenities. The submarket provides convenient access to Chicagoland’s I-88 business corridor. The corridor continues to see employment growth and serves as Chicago’s second largest employment hub outside of the downtown CBD. Rent growth in the Aurora multifamily market over the past 12 months has averaged 3% and occupancies have hovered around 95%, allowing for long term growth and strong returns.
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Randall Highlands Rental Townhomes
146 Units
1241 Ritter Street
North Aurora, IL  60542
Type: Conventional
Closed: 9/26/2019
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Golflinks & Royale (2 properties, 195 units)
Royale
99 Units
604 Colonial Drive
Fort Walton Beach, FL  32547
Closed: 9/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 172-unit The Terraces & Highbury Court apartment communities located in south metropolitan Atlanta, Fulton County, Georgia. Strategically situated less than two miles northeast of Hartsfield-Jackson International Airport, these assets benefit from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1969 with some of the largest units in the submarket, The Terraces & Highbury Court offer an outstanding opportunity to invest in strong performing assets with untapped value-add potential.
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The Terraces & Highbury Court
172 Units
50 Mount Zion Road
Atlanta, GA  30354
Closed: 9/26/2019
Located in the heart of Old Town Scottsdale, The Winfield of Scottsdale offers newly renovated one and two bedroom apartments featuring concrete or wood style flooring, stainless steel appliances, glass tile kitchen backsplashes, wrap-around subway tile in bathrooms and private patios. Community amenities include a resort-style swimming pool, a fitness center, grilling stations, a dog park and two scenic courtyards. Old Town Scottsdale provides residents with plenty of shopping, dining and entertainment venues as well as museums, golf courses and parks.
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The Winfield of Scottsdale
95 Units
8021 East Osborn Road
Scottsdale, AZ  85251
Type: Conventional
Closed: 9/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 90-unit Chastain Woods apartment community located in south metropolitan Atlanta, Fulton County, Georgia. Strategically situated six miles northwest of Hartsfield-Jackson International Airport, this asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Built in 1973, Chastain Woods boasts the largest floor plans in the submarket (1,333 Avg. SF), and is a consistently well-occupied asset with proven value-add potential.
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Chastain Woods
90 Units
2929 Landrum Drive
Atlanta, GA  30311
Type: Conventional
Closed: 9/23/2019
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Pines of Newpointe and Lynnbrook Forest, a 181-unit two property portfolio located in Virginia Beach, Virginia. Built in 1996 and 1985 respectively, the Properties are uniquely comprised of two and three bedroom rental flat style and townhouse units with modern unit layouts within one of the region’s strongest economies. Pines of Newpointe and Lynnbrook Forest are well maintained with significant capital invested including a refresh of original interior finishes. The Properties exhibit strong value-add fundamentals through in-unit renovation potential which can garner additional rent increases. Pines of Newpointe and Lynnbrook Forest’s location within Virginia Beach provides residents access to a significant amount of convenience retail and proximity to some of Hampton Road’s largest employers. Pines of Newpointe and Lynnbrook Forest’s exceptional location and unique construction type make it a rare opportunity to acquire two stable, cash flowing assets with additional upside in one of the strongest municipalities in the expanding Hampton Roads economy.
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Pines of Newpointe & Lynnbrook Forest (2 properties, 181 units)
Lynnbrook Forest
56 Units
665 Goose Creek Rd
Virginia Beach, VA  23462
Closed: 9/23/2019
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Pines of Newpointe and Lynnbrook Forest, a 181-unit two property portfolio located in Virginia Beach, Virginia. Built in 1996 and 1985 respectively, the Properties are uniquely comprised of two and three bedroom rental flat style and townhouse units with modern unit layouts within one of the region’s strongest economies. Pines of Newpointe and Lynnbrook Forest are well maintained with significant capital invested including a refresh of original interior finishes. The Properties exhibit strong value-add fundamentals through in-unit renovation potential which can garner additional rent increases. Pines of Newpointe and Lynnbrook Forest’s location within Virginia Beach provides residents access to a significant amount of convenience retail and proximity to some of Hampton Road’s largest employers. Pines of Newpointe and Lynnbrook Forest’s exceptional location and unique construction type make it a rare opportunity to acquire two stable, cash flowing assets with additional upside in one of the strongest municipalities in the expanding Hampton Roads economy.
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Pines of Newpointe & Lynnbrook Forest (2 properties, 181 units)
Pines of Newpointe
125 Units
5510 Seawall Court
Virginia Beach, VA  23462
Closed: 9/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Willow Point, 440 units located in Jackson, MS. This well demanded asset sits approximately 10 miles north of the capital city of Downtown Jackson. Willow Point exited its LIHTC program in October 2018 and has proven out outstanding collections growth in recent months as the remaining affordable units turn to full market rates. Originally constructed in 1994 / 1997 under the LIHTC program, Willow Point represents an outstanding opportunity to acquire an asset with significant upside in rental revenue at an attractive basis.
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Willow Point
440 Units
759 Glencross Drive
Jackson, MS  39206
Type: Conventional
Closed: 9/23/2019