Cushman & Wakefield, as exclusive advisor, is pleased to present Canyon Park Apartments, a 252-unit value-add multifamily community in Tallahassee, Florida.

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Canyon Park
252 Units
1325 W Tharpe Street
Tallahassee, FL  32303
Closed: 11/12/2021
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Saratoga Apartments
51 Units
9830 Lincoln Village Drive
Sacramento, CA  95827
Closed: 11/12/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 376-unit Greentree and Marsh Cove, located in Savannah, Chatham County, Georgia. Built in 1983-1984, the Portfolio represents an outstanding opportunity to invest in an asset with primarily classic units where a complete renovation program can potentially garner a 23% ROI after completion. The Portfolio’s unmatched access to Savannah’s major employers and retail, which has recently been enhanced by major infrastructure improvements, is fueling its recent population growth and rapidly rising incomes. The recently announced Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further adding to Savannah’s explosive development and job growth.
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Greentree & Marsh Cove (2 properties, 376 units)
Greentree
188 Units
10725 Abercorn Extension
Savannah, GA  31419
Type:  Multifamily
Closed: 11/10/2021
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 336-unit Maple Lane apartment community located in Elkhart, IN. Built between 1987 and 1990 with a brand new phase in 2021, Maple Lane represents an outstanding opportunity to invest in a well-maintained property with in-place cash flow and great upside potential.
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Maple Lane - Elkhart
336 Units
2001 Sugar Maple Lane
Elkhart, IN  46514
Type:  Multifamily
Closed: 11/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 376-unit Greentree and Marsh Cove, located in Savannah, Chatham County, Georgia. Built in 1983-1984, the Portfolio represents an outstanding opportunity to invest in an asset with primarily classic units where a complete renovation program can potentially garner a 23% ROI after completion. The Portfolio’s unmatched access to Savannah’s major employers and retail, which has recently been enhanced by major infrastructure improvements, is fueling its recent population growth and rapidly rising incomes. The recently announced Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further adding to Savannah’s explosive development and job growth.
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Greentree & Marsh Cove (2 properties, 376 units)
Marsh Cove
188 Units
11400 White Bluff Road
Savannah, GA  31419
Type:  Multifamily
Closed: 11/10/2021

Cushman & Wakefield is pleased to present for sale, The Minnehaha Portfolio, a 45-unit recently renovated opportunity in the vibrant neighborhood of Longfellow in South Minneapolis. The portfolio consists of The Miro (11-units), The Moline (17-units) and Coliseum Apartments (17-units) all conveniently located next to each other at 3140, 3146 and 3211 Minnehaha Avenue.

The properties are situated on the corner of Minnehaha Ave and 32nd Street in a quiet, residential setting of Minneapolis. The Minnehaha Portfolio is located steps from the Lake Street - Midtown Light rail station with easy access to downtown Minneapolis. The properties prime location gives residents easy access to everything including the Mississippi River, Minnehaha Falls and numerous parks/trails. Located in the thriving Longfellow neighborhood, the property is steps from Target, Cub Foods, Aldi and numerous locally owned restaurants, cafes and breweries.

The Minnehaha Portfolio has been significantly upgraded over the last eight years with 43 out of the 45 units across the portfolio being renovated and all of the immediate capital items being addressed.

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Minnehaha Portfolio (3 properties, 45 units)
The Coliseum
17 Units
3211 Minnehaha Ave
Minneapolis, MN  55406
Type:  Multifamily
Closed: 11/10/2021

Cushman & Wakefield is pleased to present for sale, The Minnehaha Portfolio, a 45-unit recently renovated opportunity in the vibrant neighborhood of Longfellow in South Minneapolis. The portfolio consists of The Miro (11-units), The Moline (17-units) and Coliseum Apartments (17-units) all conveniently located next to each other at 3140, 3146 and 3211 Minnehaha Avenue.

The properties are situated on the corner of Minnehaha Ave and 32nd Street in a quiet, residential setting of Minneapolis. The Minnehaha Portfolio is located steps from the Lake Street - Midtown Light rail station with easy access to downtown Minneapolis. The properties prime location gives residents easy access to everything including the Mississippi River, Minnehaha Falls and numerous parks/trails. Located in the thriving Longfellow neighborhood, the property is steps from Target, Cub Foods, Aldi and numerous locally owned restaurants, cafes and breweries.

The Minnehaha Portfolio has been significantly upgraded over the last eight years with 43 out of the 45 units across the portfolio being renovated and all of the immediate capital items being addressed.

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Minnehaha Portfolio (3 properties, 45 units)
The Miro
11 Units
3140 Minnehaha Ave
Minneapolis, MN  55406
Type:  Multifamily
Closed: 11/10/2021

Cushman & Wakefield is pleased to present for sale, The Minnehaha Portfolio, a 45-unit recently renovated opportunity in the vibrant neighborhood of Longfellow in South Minneapolis. The portfolio consists of The Miro (11-units), The Moline (17-units) and Coliseum Apartments (17-units) all conveniently located next to each other at 3140, 3146 and 3211 Minnehaha Avenue.

The properties are situated on the corner of Minnehaha Ave and 32nd Street in a quiet, residential setting of Minneapolis. The Minnehaha Portfolio is located steps from the Lake Street - Midtown Light rail station with easy access to downtown Minneapolis. The properties prime location gives residents easy access to everything including the Mississippi River, Minnehaha Falls and numerous parks/trails. Located in the thriving Longfellow neighborhood, the property is steps from Target, Cub Foods, Aldi and numerous locally owned restaurants, cafes and breweries.

The Minnehaha Portfolio has been significantly upgraded over the last eight years with 43 out of the 45 units across the portfolio being renovated and all of the immediate capital items being addressed.

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Minnehaha Portfolio (3 properties, 45 units)
The Moline
17 Units
3146 Minnehaha Ave
Minneapolis, MN  55406
Closed: 11/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Two Blocks, a 400-unit multifamily community in one of Atlanta’s most affluent submarkets. The property is strategically positioned in Dunwoody, a desirable, first-ring suburban submarket with extremely high barriers to entry. The stage is set for continued growth with the asset’s ideal location adjacent to Central Perimeter and Pill Hill - the Sunbelt’s largest central business district and Atlanta’s largest healthcare presence, respectively. Two Blocks is 100% leased and is experiencing exceptional performance trends with 20% organic rent growth on new leases. The property is also primed for substantial upside through the upgrade strategy of fully renovating 228 unrenovated units and also fully renovating 172 partially renovated units.
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Two Blocks
400 Units
4000 Dunwoody Park
Dunwoody, GA  30338
Type:  Multifamily
Closed: 11/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 858-unit Alabama 858 Portfolio spanning two different booming markets in Alabama. Comprised of almost 1,000 units, the Alabama 858 Portfolio offers immediate scale in the Sunbelt, the nationwide leader in both rent and population growth. With 858 total units primed for value add upgrades, the next investor can add $1.1M+ to bottom-line NOI through interior value add. Built between 2008-2012, the Alabama 858 Portfolio offers an outstanding opportunity to invest in a stabilized, cash flowing portfolio with major value add potential.
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Alabama 858 Portfolio (2 properties, 858 units)
Woodside
240 Units
5089 Government Boulevard
Mobile, AL  36693
Type:  Multifamily
Closed: 11/9/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Collier Hills
120 Units
1760 Northside Drive
Atlanta, GA  30318
Type:  Multifamily
Closed: 11/3/2021

1 NEAR BOOMING INDUSTRIAL DEVELOPMENT

There is 9.5 million SF of industrial space under construction in the east submarket, representing 43% of the 22.2 million SF space under construction in the whole Indianapolis market.

2 BENEFITS FROM HANCOCK CO GROWTH

Hancock Co, the eastern door to Indianapolis, has become a fast-growing economic powerhouse. The population has been growing rapidly as people discover the vibrant communities and great job opportunities.

3 STRAIGHTFORWARD VALUE-ADD

Cedar Ridge presents the opportunity to increase revenue through simple unit upgrades, adding new amenities, and implementing a utility bill back program.

4 WELL MAINTAINED BY ORIGINAL DEVELOPER

Offered for sale by the original developer, Cedar Ridge is very well maintained with no deferred maintenance. The property also maintains very low turnover with many longterm tenants. The average length of tenancy is 61 months.

5 UNIQUE UNIT FEATURES

Cedar Ridge offers unique and desirable unit features including fireplaces, unique loft floorplans, vaulted ceilings, in-unit washer/dryer machines and private in-unit storage space.

6 PURCHASE INDIVIDUALLY OR PORTFOLIO

Cedar Ridge can be purchased with Crooked Creek together as a portfolio of 384 total units creating some economies of scale. The properties can also be purchased individually.

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Cedar Ridge
168 Units
3820 Cedar Ridge Road
Indianapolis, IN  46236
Type:  Multifamily
Closed: 11/1/2021
The Cushman and Wakefield Southwest Multifamily Advisory Group is pleased to present the exclusive listing of the 324 unit Avery On the Green Apartment Homes located in Chandler, Arizona.
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Avery on the Green
324 Units
125 S. Alma School Road
Chandler, AZ  85224
Type:  Multifamily
Closed: 10/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Emerald Lakes located in Ocean Springs, MS, and The Village at Hickory Street located in Foley, AL. Each property is a newly delivered, 2021-built BTR asset built by the nation’s largest homebuilder. Arriving to market with excellent in-place rent growth trends (20%+ organic growth), each asset is poised as a market leader in its asset class and will continue to benefit as 1st generation leases turn over at higher rates with no concessions. Each asset boasts exceptional avg. household incomes ($110K+) and is comprised of detached homes featuring attached garages, private fenced in backyards, & premiere unit features offering residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place leasing trends, high-quality residences, Emerald Lakes & Village at Hickory Street present an outstanding opportunity to acquire the only BTR assets in each market. Emerald Lakes and Village at Hickory Street can be purchased individually or together.
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Emerald Lakes & The Village at Hickory Street (2 properties, 226 units)
Emerald Lakes
106 Units
1504 Emerald Lake Drive
Ocean Springs, MS  39564
Type:  Single-family
Closed: 10/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Greenbriar Commons apartment community located in south Atlanta, Fulton County, Georgia. This asset is strategically-located in the Atlanta aerotropolis region, teaming with industrial and logistics jobs. The 100% LIHTC property is eligible to enter the QC process for decontrol in 2026. The community, built in 1969, features brick-built townhomes with expansive floor plans (1,237 average SF), and offers an outstanding opportunity to acquire a lucrative investment and benefit from impressive rent premiums.
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Greenbriar Commons
174 Units
3000 Stone Hogan Connector
Atlanta, GA  30331
Closed: 10/29/2021
Hermitage can be purchased as a part of a 3 property 905 unit portfolio. The properties may also be purchased individually.

Hermitage can be purchased with:

Lawrence Landing (354 units) More Information

Coldwater Flats (271 units) More Information

1 RENOVATED COMMUNITY - 6.6% YR1 CAP / 5.4% T-3 CAP

Hermitage is available at a 5.4% Trailing 3 Cap Rate and a 6.6% Cap Rate on Year 1 (with no additional renovations). The community offers reliable cash flow and a strong return immediately and can be purchased free & clear.

2 OVER $3.9M SPENT ON CAPITAL IMPROVEMENTS

While the property was originally built in 1971, the current owner has spent more than $3.9M on the property and has substantially renovated the property in the past 10 years giving the property a newer look and feel.

3 POTENTIAL TO INCREASE REVENUE

The new owner can continue to burn off the loss to lease. In Trailing 3 months, revenue grew by more than 7% which was organic rent growth and not as a result of unit upgrades. Leases signed in the past 90 days are on average $134 higher than the legacy lease rents.

4 UNIQUE SPEEDWAY LOCATION

Hermitage is located in Speedway, a popular city on the westside of Indianapolis, which offers quick easy access to Downtown Indy. Employment and entertainment options are plentiful on the westside and downtown and are very easy to access from the property.

5 PURCHASE INDIVIDUALLY OR 905 UNIT PORTFOLIO

Hermitage can be purchased with Coldwater Flats (271 units in Evansville, IN) and Lawrence Landing (354 units in Indianapolis, IN) for a total portfolio of 905 units, offering immediate presence and economies of scale. The properties can also be purchased individually.

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Hermitage
280 Units
2226 Hermitage Way
Indianapolis, IN  46224
Type:  Multifamily
Closed: 10/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 198-unit ReNew Peachtree City apartment community located in southwest suburban Atlanta, Fayette County, GA. This asset is situated in the popular Peachtree City community, known for its quality of life, excellent schools, and staunch opposition to multifamily development. The average household income at the property is $90,135, and is $135,714 within a three-mile radius. Built in 1986, ReNew Peachtree City presents a rare opportunity to invest in a cash flowing, value-add asset in a highly desirable submarket. New leases on move ins are being signed at an average increase of 18% over old leases.
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ReNew Peachtree City
198 Units
1000 Stevens Entry
Peachtree City, GA  30269
Type:  Multifamily
Closed: 10/29/2021
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the Sterling 7 Southeast Portfolio - 7 assets totaling 1,624 units, located in the desirable submarkets of Atlanta, GA, Savannah, GA, Greenville, SC, Raleigh, NC, and Richmond, VA. The portfolio represents a significant value creation opportunity to invest in strong quality assets where significant Capex has already been invested. Situated in bustling micro locations across high-growth Southeastern states, these assets are poised for substantial growth with unparalleled access to a plethora of jobs and seamless connectivity to major thoroughfares. Built in 1964-1986, the Sterling 7 Southeast Portfolio presents an excellent value-add framework to build upon.
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Sterling 7 Southeast Portfolio (7 properties, 1,624 units)
Sterling Glenwood
254 Units
3939 Glenwood Avenue
Raleigh, NC  27612
Type:  Multifamily
Closed: 10/29/2021

The Cushman & Wakefield Multifamily Advisory Group is pleased to present this exclusive offering to purchase 241 of the 280 units at 9620 West Russell Road, referred to as "The Russell Apartments" (Russell)

This 2001 vintage, "A" class project benefits from its proximity to the affluent Summerlin neighborhood, with exceptional 2-mile demographics, including an average household income of nearly $95k and average annual population growth of 4.8% from 2010 to 2021. Ownership has implemented a renovation program to take advantage of the strength of this submarket, renovating approximately 50% of the units to a "full" scope and 35% of the units to a "partial scope", seeing lifts of over $350 per month in some cases. The average spend on these renovations is $11,400 per unit. Additional upside exists through improving the common areas and implementing further improvements to the units, including tech packages, high-end finishes, etc.

Las Vegas has seen one of the sharpest economic rebounds in the country. Gaming revenue saw record-setting numbers in early Q2, mask mandates have been lifted, and convention traffic is scaling to meet pent up demand. On top of that, market rent growth over the trailing 12 months averaged over 7.5%, projected population growth (and rent growth) is among the top five major metros in the United States, and the Summerlin submarket is expected to outperform the valley in most measurable metrics.

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The Russell
241 Units
9620 W Russell Rd
Las Vegas, NV  89148
Type:  Multifamily
Closed: 10/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Emerald Lakes located in Ocean Springs, MS, and The Village at Hickory Street located in Foley, AL. Each property is a newly delivered, 2021-built BTR asset built by the nation’s largest homebuilder. Arriving to market with excellent in-place rent growth trends (20%+ organic growth), each asset is poised as a market leader in its asset class and will continue to benefit as 1st generation leases turn over at higher rates with no concessions. Each asset boasts exceptional avg. household incomes ($110K+) and is comprised of detached homes featuring attached garages, private fenced in backyards, & premiere unit features offering residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place leasing trends, high-quality residences, Emerald Lakes & Village at Hickory Street present an outstanding opportunity to acquire the only BTR assets in each market. Emerald Lakes and Village at Hickory Street can be purchased individually or together.
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Emerald Lakes & The Village at Hickory Street (2 properties, 226 units)
The Village at Hickory Street
120 Units
904 Shagbark Rd
Foley, AL  36535
Type:  Single-family
Closed: 10/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 243-unit Fairway View apartment community 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 1974, Fairway View arrives to market in a top submarket, with solid performance, immediate space to push rental rates, and significant value-add upside.
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Fairway View
243 Units
3348 Fairway Oaks Drive
Lawrenceville, GA  30044
Type:  Multifamily
Closed: 10/28/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present The Baxly, a best-in-class apartment community located in Savannah, GA. Completed in 2020, the Baxly represents a rare opportunity to acquire a truly institutional asset in Downtown Savannah with waterfront walkability. This property is strategically positioned next to the newly re-developed Plan Riverside project in Downtown and boasts great visibility and convenient accessibility to nearly 40k jobs, boutique restaurants/bars, as well as the beaches on Tybee Island. The Baxly will directly benefit from Savannah’s continued population and job growth, as well as the constant economic investments into one of Georgia’s fastest growing and urbanizing nodes.
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The Baxly CONFIDENTIAL
275 Units
630 Indian Street
Savannah, GA  31401
Type:  Multifamily
Closed: 10/28/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 512-unit Montgomery Midtown Portfolio located in the desirable East submarket of Montgomery, Alabama. The 2 assets, Arbor Station and Stratford Village, offer direct connectivity to Downtown and Midtown. 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 in Montgomery. Arbor Station and Stratford Village are surrounded by some of the metro’s primary job/retail cores, such as AUM, Baptist Health, and The Shoppes at Eastchase. With heavy, in-place capital infusion and strong locations, the Montgomery Midtown Portfolio is in a prime position for growth for the next investor.
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Montgomery Midtown Portfolio (2 properties, 512 units)
Arbor Station
288 Units
2495 Meadow Ridge Lane
Montgomery, AL  36117
Type:  Multifamily
Closed: 10/27/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Park Place apartment community located in St. Marys, Camden County, Georgia. This asset is situated along the Georgia Coast in Camden County, a thriving community 32 minutes north of Jacksonville, Florida, and included in the Jacksonville CSA. Park Place is situated near Kings Bay, a highly specialized and stable naval submarine military base that provides 9,000 jobs and a massive $1.1B impact to the region. Built in 1988, Park Place represents a unique opportunity to invest in a proven value-add asset receiving rent premiums of $180, with an ability to capture and garner a 47% ROI.
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Park Place
200 Units
11919 Colerain Road
St. Marys, GA  31558
Type:  Multifamily
Closed: 10/27/2021