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)
Stratford Village
224 Units
2000 London Town Lane
Montgomery, AL  36117
Type:  Multifamily
Closed: 10/27/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present Courtyards at Cutler Bay (the “Property”) – a 144-unit, value-add residential asset located in rarely traded Miami, Florida. The three-story, garden-style property was built in 1966 and sits on a 6.98-acre site. The property provides a favorable unit mix with 60% of the units being two bedrooms.

There is upwards of $470,000 in rental upside at the property through loss-to lease burn off and value add:

1) Loss-to-lease: There is $250,000 in loss-to-lease that can be recognized at the property by leasing the units at today’s market rents which is $1,225 for a one bedroom and $1,450 for a two bedroom. Recent leases have been executed at even higher numbers.

2) Value Add: There is an additional $220,000 in value-add upside at the property. Ownership has fully renovated 28 units. Fully renovated units are achieving rent bumps up to $350 per month compared to classic-finish units.

The property has its 40-year certification and over $700,000 in recent improvements. This includes all impact windows, exterior paint, and upgraded security camera systems. All units have been updated, 28 of which to the highest level of finishes including vinyl plank floors, baseboards, removal of popcorn and retexturing, new kitchens and vanities, granite tops, new stainless appliances, new A/C units, new plumbing lines, water heaters, light fixtures. Between loss-to-lease burn off and value add there is almost about $500,000 in recognized income potential at the property.

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Courtyards at Cutler Bay
144 Units
19800 SW 110th Court
Miami, FL  33157
Closed: 10/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 468-unit Riverchase Landing apartment community located in the highly desirable Hoover suburb of Birmingham, AL. Hoover features state-ranked schools (#5) and heavily restricts new multifamily developments. This asset offers an outstanding location for tenants as it is minutes from 10,000+ jobs and 5.5M square feet of quality retail amenities. Built in 1984-92, Riverchase Landing presents a rare opportunity to invest in a cash-flowing asset that has an in-place value add campaign (up to $250 premiums) that can be expanded upon, creating significant room for revenue growth for the next investor.
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Riverchase Landing
468 Units
200 River Haven Circle
Hoover, AL  35244
Type:  Multifamily
Closed: 10/26/2021
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The Alexandria
258 Units
1028 Balch Road
Madison, AL  35758
Closed: 10/25/2021
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Cushman & Wakefield St. Louis Conventional Multifamily Team, is pleased to present the exclusive listing of Forest Village and Woodlake, a two project 352 unit apartment portfolio in Columbia, Missouri. This offering provides investors the opportunity to purchase a portfolio of two assets with proven track records of outperforming the market. Built in 1984 and 1982, respectively, Forest Village & Woodlake are positioned perfectly for a value-add program. Improvements to unit interiors will provide new ownership with significant rental rate increases moving forward.
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Forest Village & Woodlake (2 properties, 352 units)
Forest Village
240 Units
3001 S Providence Rd
Columbia, MO  65203
Type:  Multifamily
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Meridian at the Port, a 267-unit, 2019-built apartment community located in Mobile, AL. The asset’s luxurious interiors, upscale amenities, and urban aesthetics cater to a markedly affluent profile, exemplified by an average household income of $90K. The asset affords residents luxury finishes with modernized use of space while maintaining walkability to quality dining, shopping, and entertainment options. Built in 2019, Meridian at the Port has demonstrated impressive operational trends, providing new ownership a firm foundation for immediate growth in an irreplaceable location.
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Meridian at the Port
267 Units
300 Water Street
Mobile, AL  36602
Closed: 10/22/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present The Morris at Belmont, a proposed 322-unit apartment community development project located in Belmont, NC. The property will be ideally situated in the burgeoning city of Belmont, which is located only 20 minutes from Uptown Charlotte and has nearby proximity to Charlotte’s U.S. National Whitewater Center, Charlotte Douglas International Airport, and access to key job centers, which includes not only the new 2.5M SF Amazon facility and the Water Ridge Office Park, but also Charlotte’s integral employment nodes. In addition, the property will benefit from the proposed expansion of Charlotte’s LYNX Light Rail, which would be within walking distance of the property, as well as a Greenway Initiative that would deliver with the project, allowing for expanded pedestrian space and greenways in Belmont. The property will represent a best-in-class asset for the Belmont submarket with premier amenities and curated, luxury unit features. The Morris at Belmont offers an outstanding opportunity to invest in a new development opportunity for Class A institutional-quality product in one of Charlotte’s up-and-coming submarkets.
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The Morris at Belmont (Equity Raise)
322 Units
6900 Wilkinson Boulevard
Belmont, NC  28012
Type:  Multifamily
Closed: 10/22/2021
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Cushman & Wakefield St. Louis Conventional Multifamily Team, is pleased to present the exclusive listing of Forest Village and Woodlake, a two project 352 unit apartment portfolio in Columbia, Missouri. This offering provides investors the opportunity to purchase a portfolio of two assets with proven track records of outperforming the market. Built in 1984 and 1982, respectively, Forest Village & Woodlake are positioned perfectly for a value-add program. Improvements to unit interiors will provide new ownership with significant rental rate increases moving forward.
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Forest Village & Woodlake (2 properties, 352 units)
Woodlake Apartments
112 Units | 222 Beds
2609 Eastwood Dr
Columbia, MO  65203
Type:  Multifamily
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,075-unit Forest Park 1075 Portfolio located in Jonesboro and Forest Park, Clayton County, Georgia. These three assets are situated just off I-75 in Atlanta’s rapidly-expanding aerotropolis region, an area flush with industrial, distribution, and television/film industry jobs. Ashwood Ridge, Bradford Ridge, and Laurel Pointe come to market riding impressive performance trends and are poised for substantial additional growth by continuing proven value-add strategies alongside market-backed rental upside. Built between 1970 and 1972, the assets occupy strategic micro-locations with premier access to major thoroughfares and jobs. This offering is an extremely rare opportunity to establish a sizable investment portfolio with vast economies of scale in a high-growth submarket.
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Forest Park 1075 Portfolio (3 properties, 1,075 units)
Ashwood Ridge
220 Units
276 Upper Riverdale Road
Jonesboro, GA  30236
Type:  Multifamily
Closed: 10/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,075-unit Forest Park 1075 Portfolio located in Jonesboro and Forest Park, Clayton County, Georgia. These three assets are situated just off I-75 in Atlanta’s rapidly-expanding aerotropolis region, an area flush with industrial, distribution, and television/film industry jobs. Ashwood Ridge, Bradford Ridge, and Laurel Pointe come to market riding impressive performance trends and are poised for substantial additional growth by continuing proven value-add strategies alongside market-backed rental upside. Built between 1970 and 1972, the assets occupy strategic micro-locations with premier access to major thoroughfares and jobs. This offering is an extremely rare opportunity to establish a sizable investment portfolio with vast economies of scale in a high-growth submarket.
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Forest Park 1075 Portfolio (3 properties, 1,075 units)
Bradford Ridge
262 Units
392 Sylvia Drive
Forest Park, GA  30297
Closed: 10/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1,075-unit Forest Park 1075 Portfolio located in Jonesboro and Forest Park, Clayton County, Georgia. These three assets are situated just off I-75 in Atlanta’s rapidly-expanding aerotropolis region, an area flush with industrial, distribution, and television/film industry jobs. Ashwood Ridge, Bradford Ridge, and Laurel Pointe come to market riding impressive performance trends and are poised for substantial additional growth by continuing proven value-add strategies alongside market-backed rental upside. Built between 1970 and 1972, the assets occupy strategic micro-locations with premier access to major thoroughfares and jobs. This offering is an extremely rare opportunity to establish a sizable investment portfolio with vast economies of scale in a high-growth submarket.
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Forest Park 1075 Portfolio (3 properties, 1,075 units)
Laurel Pointe
593 Units
228 Morrow Road
Forest Park, GA  30297
Type:  Multifamily
Closed: 10/21/2021
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 Pelham
422 Units
230 Pelham Road
Greenville, SC  29615
Type:  Multifamily
Closed: 10/21/2021
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 Westchester
116 Units
300 Pelham Road
Greenville, SC  29615
Type:  Multifamily
Closed: 10/21/2021

Please click here to sign the Confidentiality Agreement.

Cushman & Wakefield is pleased to offer for sale, The Upton, a newly constructed, luxury mixed-use apartment building located in one of the country’s top investment markets, Montgomery County, Maryland. The asset is located one block from the Rockville Metro Station in the award-winning Rockville Town Center. The Upton consists of 263 multifamily units, 15,982 square feet of ground level retail and a commercial parking garage. Located in the heart of the I-270 Technology and Life Science Corridor and adjacent to county executive offices, city hall, multiple courthouses and numerous corporate office users, The Upton offers an investor access to one of the nation’s leading and most stable employment bases. The Property’s strong history performance coupled with limited multifamily pipeline allow for continued rental rate growth.

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The Upton
263 Units
44 Maryland Avenue
Rockville, MD  20850
Closed: 10/20/2021
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Summit Portfolio (2 properties, 61 units)
170 Summit Avenue
20 Units
170 Summit Ave
St. Paul, MN  55102
Type:  Multifamily
Closed: 10/15/2021
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Summit Portfolio (2 properties, 61 units)
178 Summit Avenue
41 Units
178 Summit Ave
St. Paul, MN  55102
Type:  Multifamily
Closed: 10/15/2021
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 163-unit Oak Park apartment community located in Indianapolis, IN. This asset is situated in the desirable south side of Indianapolis. Built in 1964, Oak Park offers an outstanding opportunity to invest in a well-maintained southside property with value add potential.
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Oak Park
163 Units
2100 E Stop 12 Rd
Indianapolis, IN  46217
Type:  Multifamily
Closed: 10/15/2021
The Flats at West Broad Village is Richmond’s premier multifamily property, offering a unique lifestyle experience that is not replicated in the broader Richmond market. The asset’s town center construction with structured parking is unique in the Richmond market with significant amenities including Whole Foods and Trader Joe’s within walking distance. The Property, built in 2009, combines institutional quality construction and timeless exterior architecture with newly created, best-in-class amenities creating an unmatched luxury offering. Additional value can be added by replicating a proven in-unit renovation which is achieving a $165 premium on average. Further, 9,000 square feet of recently created, high end amenity space has not yet been utilized as a leasing tool and is a differentiator among luxury properties in the immediate area. The Property’s location is the best in Richmond, along the bustling West Broad Street corridor with access to high-end retail and the region’s preeminent office park Innsbroook. The Flats at West Broad Village’s exceptional asset quality, premier location and walkable lifestyle amenities, make it a rare opportunity to acquire Richmond’s most unique asset with additional renovation upside in the high growth Richmond apartment market.
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The Flats at West Broad Village
339 Units
3930 Wild Goose Lane
Glen Allen, VA  23060
Closed: 10/15/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Shenandoah (the “Property”) – a 24-unit, fully renovated residential asset in the heart of Miami, Florida.

All 24 units are two bedroom/ one bathrooms and have recently been gut renovated with high end finished. Current ownership spent over $2.4 million in improving the property in 2020. This includes hurricane impact windows, new electrical/plumbing, complete interior renovations with new tile flooring, granite counter tops/new kitchen cabinets, stainless steel appliances, and new glass shower tubs and vanities security cameras/ secured building access, exterior paint and resealing/striping parking area. Roads were replaced in 2014. The property offers an onsite laundry facility as well as a leasing office.

The property is 100% occupied. The current gross income at the property is $460,980. New construction two-bedroom units in the immediate rent up to $1,756 and average rents in the submarket are $2,298 with two bedrooms averaging $2,516.

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The Shenandoah
24 Units
2162 SW 14th Terrace
Miami, FL  33145
Closed: 10/15/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Landmark Woods & Basswood apartment communities located in Florence, SC. These assets are strategically located by the I-20 and I-95 interchange in a well-off neighborhood near Florence Country Club, healthcare & industrial jobs, and an active retail corridor. The average household’s income within one-mile are $75K+ (Landmark Woods) and $88K+ (Basswood), and projected to increase 13.1% and 10.1% respectively by 2025. Built in 1965/2001, Landmark Woods & Basswood provides a rare upside opportunity to implement a new renovation program to bridge the $200+ submarket rent gap.
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Landmark Woods & Basswood (2 properties, 160 units)
Basswood
56 Units
400 Third Loop Road
Florence, SC  29505
Closed: 10/13/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Edgewater Crossings, a 266-unit, 2014-built apartment community located along Florida’s Gulf Coast. Edgewater Crossings offers residents a "beach-style" living experience with close proximity to all of Panama City Beach’s lifestyle amenities. The area is home to some of the nicest beaches in the U.S. which continues to drive strong population and rent growth, respectively. Built in 2014, Edgewater Crossings represents an outstanding opportunity to invest in an institutional quality asset with extraordinary cash flow in the desirable Panama City Beach submarket.
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Edgewater Crossings
266 Units
204 Potters Bluff Drive
Panama City Beach, FL  32408
Type:  Multifamily
Closed: 10/13/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Landmark Woods & Basswood apartment communities located in Florence, SC. These assets are strategically located by the I-20 and I-95 interchange in a well-off neighborhood near Florence Country Club, healthcare & industrial jobs, and an active retail corridor. The average household’s income within one-mile are $75K+ (Landmark Woods) and $88K+ (Basswood), and projected to increase 13.1% and 10.1% respectively by 2025. Built in 1965/2001, Landmark Woods & Basswood provides a rare upside opportunity to implement a new renovation program to bridge the $200+ submarket rent gap.
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Landmark Woods & Basswood (2 properties, 160 units)
Landmark Woods
104 Units
1400 Cherokee Road
Florence, SC  29501
Closed: 10/13/2021

FORMER INCOME RESTRICTED PROPERTY
In February of 2021, Falcon Creek was released from the Low Income Housing Tax Credit program which restricted the income level of 86% of the units. The new owner can immediately increase rents for new residents (with no restrictions) and can also raise rents for existing income restricted residents at lease renewal between $100 and $450 (varying by floorplan). The property also benefits from a long term Project Based HAP contract in which 12 units receive guaranteed income and are leased to Veterans. This Project Based HAP Contract runs through 2026.

HIGHLY SOUGHT AFTER 1999 BUILT VALUE ADD
Offering Washer / Dryer connections in all units, attached garages in select units and spacious floorplans, a comprehensive property and interior unit upgrade will allow a new owner to significantly raise rents. Current rents at Falcon Creek trail the market by an average of $179. The property offers a large clubhouse which, when renovated, can offer ample amenities to residents that are currently missing.

STRONG WESTSIDE INDY SUBMARKET
The westside of Indianapolis offers favorable dynamics with an average submarket occupancy of 95.5% and an impressive 4.3% rent growth in 2020.

NEARBY BY RETAIL
The property is very near many shopping centers and retailers including Aldi, Walmart, Meijer, Fedex, and many others.

CLOSE PROXIMITY TO KEY ECONOMIC DRIVERS
Falcon Creek is less than a 15 minute drive to downtown and near many major employers, millions of square feet of warehousing and the city’s largest logistics hub.

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Falcon Creek Place
131 Units
4301 Falcon Creek Boulevard
Indianapolis, IN  46254
Type:  Multifamily
Closed: 10/8/2021

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Linden Square, a 298-unit, 2001 & 2015-built apartment community located in very desirable Town of Avon, a growing Indianapolis suburb.

Linden Square is located in one of Indiana’s hottest fastest growing submarkets. Hendricks County is among the country’s fastest-growing and offers residents an exceptionally high quality of life. Units at Linden Square already offer desirable features including 9, 10 or 12 foot ceilings, in unit laundry and open floorplans. Enhancing these finishes will allow for rent premiums of $130+.

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Linden Square
298 Units
1070 Cobblestone Dr
Indianapolis, IN  46234
Type:  Multifamily
Closed: 10/8/2021