The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Village at Apison Pike, a 248- unit, 2015-built apartment community located in Ooltewah, TN. The community is situated in the rapidly expanding Ooltewah, a suburb of Chattanooga, located minutes from the Volkswagen 1,400 acre production facility, 1M SF Amazon distribution center, as well as several major retail corridors. Coupled with strong demographics and high demand for a quality asset, property performance has excelled as recent leases are currently achieving 20% higher than in-place rents while maintaining an average occupancy north of 95%.
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Village at Apison Pike
248 Units
8605 Tradewind Circle
Ooltewah, TN  37363
Type:  Multifamily
Closed: 12/14/2021

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Villas by Watermark, a 266-unit, 2014-built apartment community located in very desirable Zionsville, IN, Indiana’s most affluent city. .

While extremely well maintained and offering a comprehensive amenity set, the acquisition Villas by Watermark presents a clear opportunity to complete light updates to achieve rent increases. The average income of the current resident is over $150,000 annually providing plenty of bandwidth to pay higher rents. Offers are due October 21st and the seller prefers a closing by the end of 2021.

For access to confidential documents, please register at: VillasByWatermark-CW.com

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Villas by Watermark
265 Units
7145 Anderson Dr.
Zionsville, IN  46077
Closed: 12/14/2021
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Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
Closed: 12/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bee Creek, 224 units located in the resort community of Branson, MO. The asset is well positioned with easy access to the heavily trafficked Branson metro (9M+ annual tourists) and surrounding employments centers. Built in 2010 with high quality materials, Bee Creek is being offered at an extremely attractive basis and has been well-maintained. The asset offers highly desirable unit amenities and layouts providing for a top-of-market property. Arriving to market 98% occupied with favorable historical leasing trends, the property offers new ownership an outstanding opportunity to acquire a stable, low-maintenance asset with a history of consistent income growth.
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Bee Creek
224 Units
200 Buzz Street
Branson, MO  65616
Type:  Multifamily
Closed: 12/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Metro apartment community located in northwest suburban Atlanta, Cobb County, GA. This well-located asset is situated in the Platinum Triangle office district with over 42M SF of office space and home to major employers, such as Home Depot HQ and new Papa Johns HQ. The Metro benefits from a top live-work-play destination, surrounded by Truist Park and The Battery, Heritage Pavilion retail center and several recreational trails. The Metro has undergone a full interior renovation program and amenity upgrades, offering top-of-the-market product. Built in 1983 and renovated in 2017, The Metro represents an outstanding opportunity to invest in a turn-key asset located in a flourishing submarket with high rent growth. A new owner can create ancillary income by improving upon existing space at the property.
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The Metro
200 Units
1500 Parkwood Circle
Atlanta, GA  30339
Closed: 12/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Largo Pointe apartment community located in Savannah, Chatham County, Georgia. This asset is situated in the rapidly-expanding, Colonial Village Submarket of Savannah. Built in 1969, Largo Pointe represents outstanding opportunity to invest in an asset where renovations can potentially garner a 35% ROI after completion. Largo Pointe offers unmatched access to Savannah’s major employers and retail, which has recently been enhanced by major infrastructure improvements, fueling its recent population growth and rapidly rising incomes.
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Largo Pointe
232 Units
12409 Largo Drive
Savannah, GA  31419
Type:  Multifamily
Closed: 12/8/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Moda North Bay Village (the “Property”) – an iconic 8-story midrise located on 4.5 acres on the northernmost point of the North Bay Village islands in Miami Beach and overlooking Biscayne Bay. The property was developed in 2015 by ZOM and comprises 285 luxury apartment homes with an average unit size of just over 1,000 square feet. The property has 1,400 feet of water frontage providing water views for 100% of the units, as well as water access via the marina on the property. A variety of amenities are available to residents including two pools, access to kayaks and paddleboards, and boat/jet ski dockage. Moda is also the newest of four market-rate apartment communities in Miami-Dade to offer an onsite marina. Residents can enjoy ease of commute to downtown Miami/Brickell and Aventura which provide a mix of employment, retail and nightlife. Moda is also less than three miles from the pristine beaches of Miami.

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Moda North Bay Village
285 Units
8000 West Drive
North Bay Village, FL  33141
Closed: 12/8/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Promenade at Ocala. A 241-unit value-add multifamily opportunity located in Ocala, Florida. (North FL.

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Promenade at Ocala
241 Units
1421 SW 27th Avenue
Ocala, FL  34474
Type:  Multifamily
Closed: 12/8/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present The Park at Vincenzo, a 184-unit multifamily community located in Brandon, Florida (Tampa Bay MSA).

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The Park at Vincenzo
184 Units
721 N. Kingstowne Circle
Brandon, FL  33511
Closed: 12/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 269-unit The Reserve at Ridgewood apartment community located in Sandy Springs, Fulton County, Georgia. This asset is situated in the bustling north central perimeter of Atlanta, the Sunbelt’s largest central business district and Atlanta’s largest healthcare presence. Built in 1981, with condominium level features and some of the largest floor plans in the submarket, The Reserve at Ridgewood benefits from Sandy Springs’ skyrocketing rent levels and consistently high demand. The property arrives at market primed for immediate and future returns through proven value add implementation and outsized organic rent growth.
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The Reserve at Ridgewood
269 Units
7100 Roswell Road NE
Sandy Springs, GA  30328
Type:  Multifamily
Closed: 12/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the I-85 Corridor Value-Add Portfolio consisting of 4 properties, 570 units strategically situated in North Carolina’s fastest growing markets - Charlotte, Piedmont Triad, and the Raleigh-Durham Research Triangle. The properties are poised for substantial growth with unparalleled access to a plethora of jobs, higher education, strong household income growth, and seamless connectivity through major thoroughfares. The portfolio presents with an opportunity to capitalize on a proven value-add campaign already achieving $100-$175 rent premiums over standard units. Renovating the remaining 50% of units brings huge upside with solid premiums supported by excellent rent growth projections across all three markets. Ranging from late 1980s to mid-2000s vintage, the I-85 Corridor Value-Add portfolio presents an excellent framework to build upon in one of the fastest growing regions in the country.
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I-85 Corridor Value-Add Portfolio (4 properties, 570 units)
Patriots Pointe
240 Units
100 Patriots Pointe Drive
Hillsborough, NC  27278
Type:  Multifamily
Closed: 12/7/2021

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group was pleased to represent our client, in the refinance of 1504 Upshire Road. Our team worked on behalf of ownership to place new non-recourse debt, in the form of a Fannie Mae Small Balance Loan.

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1504 Upshire Road
15 Units
1504 Upshire Road
Baltimore, MD  21218
Type:  Multifamily
Closed: 12/2/2021

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group was pleased to represent our client, in the refinance of 9 E. Read Street. Our team worked on behalf of ownership to place new non-recourse debt, in the form of a Fannie Mae Small Balance Loan.

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9 E. Read Street
9 Units
9 E. Read Street
Baltimore, MD  21202
Type:  Multifamily
Closed: 12/2/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit Caralea Valley apartment community located in Charlotte, NC’s thriving suburb of Concord. Built in 1991, the property is situated just off I-85 and is poised to benefit from Concord’s skyrocketing rent levels and consistently high demand. Providing blue-chip convenience to lifestyle amenities and Charlotte’s most prominent job centers, the affluent suburban submarket is defined by well-educated residents and a predominantly white-collar workforce. Concord’s limited supply pipeline bolsters incoming ownership’s opportunity to boost annual NOI by $447k+ through completion of the existing value-add initiative.
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Caralea Valley
233 Units
2901 Leah Court
Concord, NC  28027
Type:  Multifamily
Closed: 12/2/2021

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive listing of Mount Vernon Place Apartments, located in the historic Baltimore City Neighborhood of Mount Vernon. The Property is well suited for a value-add business plan, while preserving the Property’s historic features and distinct Brownstone façade. The Property contains 8 residential units, ample storage space, and is impeccably located across from the Baltimore Washington Monument.

Investors are afforded a compelling value-add opportunity in the heart of one of Baltimore's most desirable residential enclaves. Asset Revenue can be improved both through kitchen and bathroom renovations, followed by rent increases and streamlining of management operations, as current rents trail market rents by as much as 30%. With 8-12-foot ceilings, ample natural light, hardwood floors, three private outdoor terraces and patios, and original historic details. The Mount Vernon Place Apartments attract a sophisticated urban renter, while lagging behind the rents of the highly amenitized rent comparables in the neighborhood.

Located in the historic Mount Vernon neighborhood this solidly fashionable and lively neighborhood feature a charming assortment of well-preserved 19th century architecture, elegant residences, and celebrated landmarks. While these neighborhoods have countless nods to the past, they have been modernized with a plethora of chic restaurants, bars, and shops. The Mount Vernon Place Apartments are in close proximity to Baltimore’s Penn Station which is set to undergo a $90 Million Renovation later this year. The Master Plan will include up to 1.6 Million Square Feet of hotel, office, retail and residential space. Residents of the Property are able to commute door to door from their residence to Downtown Washington D.C. in less than 70 minutes.

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Mount Vernon Place Apartments
8 Units
24 E. Mount Vernon Place
Baltimore, MD  21202
Type:  Multifamily
Closed: 12/1/2021

The Cushman & Wakefield Student Housing Capital Markets Team and Gulf States Multifamily Team is pleased to present the exclusive listing of The Current at Coastal, a 128-unit, 440-bed, off-campus student housing apartment community located in Conway, South Carolina.  This asset is situated directly adjacent to Coastal Carolina University with immediate access on the northwest side of campus. Built in 2012, The Current at Coastal offers an outstanding opportunity to invest in a well maintained, quality asset, at an extremely attractive basis below replacement costs in a market with no forward development pipeline.

This property will be offered at a reserve auction through the Ten X platform. All due diligence will need to be performed prior to the scheduled auction dates of October 25 - 27. Closing period will begin immediately after the winning bid is accepted and deposit is made.  Visit the Ten-X Website here to review the information, set up an account and provide proof of funds prior to participating in the October auction.

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The Current at Coastal
128 Units | 440 Beds
650 Highway 544
Conway, SC  29526
Closed: 12/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit Beldon Spring Lake apartment community located in Columbia, SC. This asset is situated in the resilient state capital of South Carolina characterized by steady employment industries and abundant access to jobs and is further enhanced by strong multifamily market fundamentals. Built in 1973, Beldon Spring Lake offers an outstanding opportunity to invest in a solid asset in the East Columbia submarket which boasts high average HHI’s ($77k+) and white-collar employment (67%) with the potential to continue the in-place value-add program and renovate 90 units (90%) to achieve premiums up to $150.
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Beldon Spring Lake
100 Units
3611 Ranch Road
Columbia, SC  29206
Type:  Multifamily
Closed: 11/30/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Card Sound Apartments (the “Property”) – a 105 unit garden style apartment community located in Miami-Dade, Florida.

The property was built in 1974 and gut renovated in 2012 with the intent to sell units as individual condos. No units were ever sold and ownership controls 100% interest in the property. The property is 98% occupied and has maintained a 95%+ occupancy over the past few years. With in-place rents averaging only $833 per unit, there is over $100 per unit upside potential through a minimal value add program.

The property is walking distance to the soon to be built Bus Express Rapid Transit (BRT) corridor. This estimated $300 million project will provide seamless access to the Dadeland South Metrorail Station. The immediate area around the property has among the highest population growth rates in Florida.

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Card Sound
105 Units
27707 S Dixie Highway
Homestead, FL  33032
Closed: 11/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Central Park a 384-unit apartment community located in Montgomery, AL. The asset is situated in the highly sought-after Midtown submarket of east Montgomery with easy access to downtown via I-85 (1 mile). Benefitting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create an additional 1,200 jobs to build a new light truck model. Built in 2000, Central Park offers an outstanding opportunity to invest in a cash-flowing asset with significant value add upside.
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Central Park
384 Units
2400 Central Parkway
Montgomery, AL  36106
Type:  Multifamily
Closed: 11/30/2021

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the Indiana Affordable Portfolio. This is a rare opportunity to acquire a 1,094-unit portfolio of 7 affordable properties in 7 cities throughout Indiana (including 358 units in Indianapolis).

For access to confidential documents, please register at: indiana7affordable-cw.com

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Indiana Affordable Portfolio
1,094 Units
Closed: 11/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Liberty Club, a 240-unit, 2020-built apartment community located in Hinesville, GA. Liberty Club is a high cash flowing asset with strong property performance that has seen continual rental increases since delivery at the beginning of 2020. Recent leases are achieving 30% higher than current in-place rents and are continuing to rise. As Hinesville residents continue to look for luxury, the demand for high quality assets coupled with the lack of recent multifamily developments has propelled such rental increase. In addition to strong property performance, Liberty Club is strategically located only 2 miles from Fort Stewart, walking distance from grocery and restaurants and minutes away from Hwy-84 providing quick access to Richmond Hill and Savannah.
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Liberty Club
240 Units
915 E General Stewart Way
Hinesville, GA  31313
Type:  Multifamily
Closed: 11/30/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Mareas at Botanica (the “Property”) – a Class-AAA, 408-unit luxury garden apartment home community located in Miami, Florida. The property recently stabilized and offers an investor the opportunity for an additional 192-units within the future Phase II of the property. Designed with a commitment to quality, the property is set on 18 acres within 18 three-story buildings and an average unit size of 1,035 square feet. Mareas at Botanica also features 34 detached garages along with an expansive amenity package highlighted by the two-level 11,000 square feet clubhouse.

Centrally located along SW 152nd Avenue, the property has exposure to 53,000 cars daily and is located one mile from the Florida Turnpike, proving access to the major employment markets of Coral Gables, Downtown Miami, Blue Lagoon, Doral and Downtown Dadeland. Mareas at Botanica is also walkable to 230,000 square feet of retail anchored by a Walmart with a grocer, Starbucks, Panera Bread, Chili’s and PDQ.

Mareas at Botanica is being offered for the first time by its developer, Ram Realty Advisors and presents a rare opportunity to acquire a newly built, suburban garden apartment community in the epicenter of one of Miami’s fastest growing cities.

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Mareas at Botanica
408 Units
15520 SW 127th Avenue
Miami, FL  33177
Closed: 11/30/2021
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Sutter Triangle
11 Units
5191 Sutter Parkway & 533 53rd Street
Sacramento, CA  95819
Type:  Multifamily
Closed: 11/30/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present The Park at Rossini, a 120-unit multifamily community located in Atlantic Beach, Florida (Jacksonville MSA).

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The Park at Rossini
120 Units
2768 State Road A1A
Atlantic Beach, FL  32233
Closed: 11/30/2021