The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 300-unit value-add multifamily offering, Parc Place Villas, located in Tampa, Florida.

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Parc Place Villas
300 Units
6919 Bonair Drive
Tampa, FL  33617
Closed: 8/31/2021
Sold
The Aviator [Ph I]
102 Units
7807 SW Starling Ln
Bentonville, AR  72712
Closed: 8/31/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Bristol in Greenville, SC. The Bristol is a 258-unit community uniquely located in an affluent neighborhood that boasts impressive demographics of $120,000+ average household income, 75% white collar workers and home values as high as $1.69M in a 1-mile radius. Surrounded by high end retailers, Greenville Country Club, and across the street from Swamp Rabbit Trail (22-mile multi-use greenway), The Bristol offers an unmatched "live-work-play" lifestyle to residents. In addition to nearby amenities, the community provides direct access to 130,000+ jobs including Greenville Memorial Hospital, BMW, Fluor Engineering and TD Bank, all within a 5-mile radius. Built in 1971, The Bristol is an extremely well-maintained community that received a large capital infusion in 2013, stripping the units nearly down to the studs and repositioning the entire property. Lagging Downtown and Class A rents by $400+, new ownership has an opportunity to enhance the community by renovating unit interiors bringing finishes in-line with top of the market competitors to achieve $130-$180 rental premiums.
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The Bristol
258 Units
926 Cleveland Street
Greenville, SC  29601
Closed: 8/31/2021

Cushman & Wakefield is pleased to present the opportunity to acquire Tuscan Reserve - a Class A, 123-unit, two & three-story, garden-style apartment community located in Palm Coast, Florida (the "Property"). Completed in 2021, the Property offers residents top-of-the-market finishes, and immediate proximity to retail and dining options, as well as AdventHealth Palm Coast. Tuscan Reserve is located within minutes of both Interstate 95 and Flagler Beach. With thoughtful unit layouts in a mix of one, two, and three-bedroom apartments, Tuscan Reserve has set a new standard for luxury apartment living in Palm Coast.

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Tuscan Reserve
123 Units
402 Tuscan Reserve Drive
Palm Coast, FL  32164
Closed: 8/31/2021
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Wilder
381 Units
8350 Bluff Springs Road
Austin, TX  78745
Type:  Multifamily
Closed: 8/30/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 206-unit value-add multifamily offering, Shoreline Communtiy Apartments, located in Jacksonville, Florida.

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Shoreline Community Apartments
206 Units
4455 Confederate Point Road
Jacksonville, FL  32210
Closed: 8/27/2021

Cushman & Wakefield is pleased to present a unique opportunity to obtain a ±3.73 net acre (±4.48 gross acre) multifamily development site located within the Desert Ridge Master Plan, adjacent to High Street and Desert Ridge Marketplace, at the northwest corner of 56th Street and the 101 Freeway, in Phoenix, Arizona, known as City North.

At completion, City North is planned to encompass 1.8 million square feet of corporate office, 2,885 residential units, 620 hotel rooms and up to 100,000 square feet of retail including new restaurant concepts.

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NWC 56th Street & 101 Freeway
3.73 Acres
NWC 56th Street & 101 Freeway
Phoenix, AZ  85054
Type:  Land
Closed: 8/25/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 292-unit Peaks at Gainesville apartment community located in Gainesville, Hall County, GA. Hall County currently ranks among the nation’s top 50 fastest growing areas, propelled by a surge in new job announcements and developments. Gainesville has experienced steady rent growth over the past five years while maintaining a low vacancy. This asset stands to strongly benefit from a proven interior value-add scenario, primed by an infusion of recent capital. Built in 2000, The Peaks at Gainesville represents an outstanding opportunity to invest in a path to premium pricing with a top-of-market amenity package in a strong submarket with an average rent growth of 20% over the past five years.
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The Peaks at Gainesville
292 Units
1000 Lenox Park Place
Gainesville, GA  30507
Type:  Multifamily
Closed: 8/25/2021

Ventry is a 180-unit apartment community located in southwest Fort Wayne. Completed in 2020, the community is the most luxurious suburban multifamily development in the submarket.

The property is in an infill location, surrounded by restaurants and walkable to a Kroger. On the other side of the interstate is large hospital and many medical offices, providing strong and stable employment for the area. There are no proposed multifamily developments in the submarket and there is no land to be development in a comparable location.

Fort Wayne has substantially grown over the previous few years, boosting of 4.2% rent growth in 2020 and maintaining an above average occupancy of 97%. The city has many exciting developments to attract new employers and to continue to drive growth.

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The Ventry
180 Units
5495 Coventry Lane
Fort Wayne, IN  46804
Type:  Multifamily
Closed: 8/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Carolinas Value-Add 5 Portfolio - five assets totaling 993 units, located in the desirable submarkets of Columbia, SC, Greenwood, SC, Florence, SC, and Greensboro, NC. The portfolio represents a significant value creation opportunity to invest in strong quality assets that have received a combined +$13.9 million in Capex across two southeastern high-growth states. Situated in bustling micro locations with high barriers to entry, these assets are poised for substantial growth with unparalleled access to a plethora of jobs, higher education, strong household income growth, and seamless connectivity to major thoroughfares. The portfolio arrives with an opportunity to perform a proven, successful value-add campaign on 56% (556) of the units. Built in 1949-1988, the Carolinas Value-Add 5 Portfolio presents an excellent value-add framework to build upon.
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Carolinas Value-Add 5 Portfolio (5 properties, 992 units)
Village at Rankin
130 Units
3237 Yanceyville Street
Greensboro, NC  27405
Type:  Multifamily
Closed: 8/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 307-unit Villages of Chapel Hill apartment community located in Carrboro, NC. The property rents to a highly educated, affluent submarket with average household incomes of $103K and 74% of renters holding a Bachelor’s Degree or higher within a 3 mile radius. With the largest supply wave already in the rear-view mirror, growing demand of Chapel Hill paired with Carrboro’s limited supply (only 94 units delivered in the last 10 years) poises the property for consistent returns for years to come. Built in 1973/1984, Villages of Chapel Hill offers an outstanding opportunity to invest in a quality asset that has received over $975K in capital expenditures in the past 2 years, providing incoming owners with a strong value-add framework to add Washer/Dryer appliance rentals along with light upgrades to achieve 25% boost to T3 NOI.
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Villages of Chapel Hill
307 Units
1000 Smith Level Road
Carrboro, NC  27510
Type:  Multifamily
Closed: 8/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Blue Ridge Apartments, a 48-unit asset located in Raleigh, North Carolina. Blue Ridge Apartments is a student occupied property adjacent to North Carolina State University, located within one of the strongest performing MSAs in the country over the past several years. Centered in the West Raleigh submarket with growing demand and limited supply, new ownership has the opportunity continue student, per-bed operations supported by NC State’s presence or convert to conventional market rate and reduce expenses through operational efficiencies. Built in 2008, the property is showing strong operational momentum and is primed for a value-add initiative that could generate an additional $107K in annual revenue and boost NOI by 26%.
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Blue Ridge Apartments
48 Units | 96 Beds
601 Crimson Cross Court
Raleigh, NC  27606
Closed: 8/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 246-unit LIVE Charlestowne & LIVE Cedar Grove apartment communities located in Augusta, Richmond County, Georgia. This portfolio is situated in south Augusta, close to major retail and restaurant corridors as well as immediate access, via I-520, to over 50K Downtown employment opportunities and 25K Fort Gordon jobs. Built in 1968 & 1971, respectively, LIVE Charlestowne & LIVE Cedar Grove represent an outstanding opportunity to invest in a proven value-add story with significant upside coupled with the ability to create synergies through economies of scale.
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LIVE Augusta Portfolio (2 properties, 246 units)
LIVE Cedar Grove
126 Units
526 Richmond Hill Road
Augusta, GA  30906
Type:  Multifamily
Closed: 8/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 246-unit LIVE Charlestowne & LIVE Cedar Grove apartment communities located in Augusta, Richmond County, Georgia. This portfolio is situated in south Augusta, close to major retail and restaurant corridors as well as immediate access, via I-520, to over 50K Downtown employment opportunities and 25K Fort Gordon jobs. Built in 1968 & 1971, respectively, LIVE Charlestowne & LIVE Cedar Grove represent an outstanding opportunity to invest in a proven value-add story with significant upside coupled with the ability to create synergies through economies of scale.
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LIVE Augusta Portfolio (2 properties, 246 units)
LIVE Charlestowne
120 Units
2119 Lumpkin Road
Augusta, GA  30906
Closed: 8/20/2021

The Cushman & Wakefield Multifamily Advisory group is pleased to present this exclusive offering to purchase the 312-unit "Ely at Centennial Hills“ (Ely) and the 312-unit "Pointe at Centennial Hills“ (Pointe). Ely & Pointe are located in the highly desirable Centennial Hills submarket, which experiences drivers from nearby shopping, high-end medical employment hubs, and recent development trends & high-end residential communities.

Investors are welcome to submit offers on Ely and Pointe as a portfolio, or individually, as each property is operated separately, with its own clubhouse, amenity space, and leasing office. Ely has recently undergone a massive renovation program, including a full overhaul of the clubhouse, leasing office, and amenity space, while 14% of the units were elevated to a full renovation scope. Pointe, on the other hand, has remained largely in classic condition, with ownership maintaining the partial renovation scope from prior ownership while operating for natural market growth.

In turn, fully renovated units are achieving $430 over the prior leased rate at Ely, while Pointe has maintained excellent occupancy and organic rent growth above the market.

ESMI ranked Las Vegas at #2 on their Talent Attraction Scorecard, and Yardi ranked Las Vegas at #3, nationally, for rent growth among major metros. Centennial Hills is emerging as one of the more "core" submarkets in Las Vegas and rent growth has been supported by this shift. This offering will give investors the unique opportunity to scaleup in Las Vegas & the booming northwest valley.

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ECH x PCH (2 properties, 624 units)
Ely at Centennial Hills
312 Units
5900 Sky Pointe Dr
Las Vegas, NV  89130
Type:  Multifamily
Closed: 8/17/2021

The Cushman & Wakefield Multifamily Advisory group is pleased to present this exclusive offering to purchase the 312-unit "Ely at Centennial Hills“ (Ely) and the 312-unit "Pointe at Centennial Hills“ (Pointe). Ely & Pointe are located in the highly desirable Centennial Hills submarket, which experiences drivers from nearby shopping, high-end medical employment hubs, and recent development trends & high-end residential communities.

Investors are welcome to submit offers on Ely and Pointe as a portfolio, or individually, as each property is operated separately, with its own clubhouse, amenity space, and leasing office. Ely has recently undergone a massive renovation program, including a full overhaul of the clubhouse, leasing office, and amenity space, while 14% of the units were elevated to a full renovation scope. Pointe, on the other hand, has remained largely in classic condition, with ownership maintaining the partial renovation scope from prior ownership while operating for natural market growth.

In turn, fully renovated units are achieving $430 over the prior leased rate at Ely, while Pointe has maintained excellent occupancy and organic rent growth above the market.

ESMI ranked Las Vegas at #2 on their Talent Attraction Scorecard, and Yardi ranked Las Vegas at #3, nationally, for rent growth among major metros. Centennial Hills is emerging as one of the more "core" submarkets in Las Vegas and rent growth has been supported by this shift. This offering will give investors the unique opportunity to scaleup in Las Vegas & the booming northwest valley.

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ECH x PCH (2 properties, 624 units)
Pointe at Centennial Hills
312 Units
5850 Sky Pointe Dr
Las Vegas, NV  89130
Type:  Multifamily
Closed: 8/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 276-unit Springdale Glen apartment community located in northeast metropolitan Atlanta, DeKalb County, Georgia. Residents of the asset are afforded easy access via Stone Mountain Freeway & I-285 to dense cores of quality jobs and upper end retail options. Built in 1973, Springdale Glen offers the most expansive (1,238 avg. SF) units with the lowest rent per SF in the submarket, allowing the next investor to expand upon in-place value-add initiatives. * 94% occupied and 99% leased on 264 units, which does not include 12 fire units.
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Springdale Glen
276 Units
3800 Brockett Trail
Clarkston, GA  30021
Type:  Multifamily
Closed: 8/17/2021
Sold
The Waverly
168 Units
7101 Tulane Road
Horn Lake, MS  38637
Closed: 8/16/2021
Cushman & Wakefield is pleased to present for sale, 2008 Bryant Ave S Apartments, a newly constructed, 10-unit Multifamily development in the Lowry Hill neighborhood of Minneapolis.

Completed in 2017, 2008 Bryant features a variety of expansive floor plans with contemporary design elements and designer finishes. The property offers thoughtfully designed two-bedroom apartments all featuring bright, airy living spaces, high ceilings, stylish finishes, designer flooring, and open kitchens.

Located in the heart of the Lowry Hill neighborhood of Minneapolis, 2008 Bryant Ave S Apartments offer direct access to the Hennepin/Franklin corridor, and an eclectic mix of boutique shops, trendy eateries and bars, art galleries, and recreational assets in the neighborhood include Lakes Bde Maka Ska and Isles.

2008 Bryant Ave S Apartments are a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community.
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2008 Bryant Ave S Apartments
10 Units
2008 Bryant Ave S
Minneapolis, MN  55405
Type:  Multifamily
Closed: 8/13/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Meadowbrook - 60 units located in the affluent Baldwin County city of Foley, AL. Baldwin County is the fastest growing county in Alabama and boasts average household incomes 20%+ greater than the state average. The property is ideally situated close to high-quality retail, schools and major employment drivers. Built in 1979/2007, Meadowbrook represents an outstanding opportunity to invest in a cash-flowing asset primed for further growth via a targeted value add campaign.
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Meadowbrook
60 Units
701 S Juniper Street
Foley, AL  36535
Closed: 8/13/2021
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Legacy Park, a 250-unit, 2009-built apartment community located in high growth and affluent Brownsburg, a growing Indianapolis suburb. Legacy Park is located in one of Indiana’s hottest and most affluent submarkets. Hendricks County is among the country’s fastest-growing and offers residents an exceptionally high quality of life. Units at Legacy Park already offer desirable features including 9 foot ceilings, in unit laundry and open floorplans. Enhancing finishes will allow for rent premiums of $150+.
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Legacy Park
250 Units
6905 Legacy Park Drive
Brownsburg, IN  46112
Type:  Multifamily
Closed: 8/12/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Avalon at James Island, a 273-unit newly constructed apartment community located in Charleston, SC. Boasting top-of-market amenities and features, Avalon at James Island is the premier multifamily asset of James Island, a submarket defined by blue chip demographics and a plethora of proximate lifestyle amenities including Downtown Charleston and Folly Beach just minutes away. Further highlighting the assets preeminent location, the adjacent Harris Teeter anchored James Island Shopping Center provides unmatched convenience to myriad retail options within walking distance. Increasing barriers to entry within the submarket will provide ideal multifamily fundamentals over the next 5 years as the population is projected to outpace new deliveries by 5 to 1 within a 3-mile radius of the asset. This lack of new deliveries, coupled with an increasingly affluent millennial renter base whose household incomes will average $110K by 2025, will create an extremely favorable rent growth environment over the hold period. With stabilization imminent, the property offers an outstanding opportunity to invest in a newly built, institutional-quality asset that can close the substantial delta to downtown rent levels through 2nd generation leasing and capture nearly $1000 ($1.00 PSF) in headroom.
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Avalon at James Island
273 Units
202 Promenade Vista Street
Charleston, SC  29412
Type:  Multifamily
Closed: 8/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 278-unit Moss Pointe apartment community located in Savannah, Chatham County, Georgia. Built in 1970, Moss Pointe represents an outstanding opportunity to invest in an asset where further renovations can potentially garner a 22% ROI after completion. Moss Pointe’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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Moss Pointe
278 Units
9400 Abercorn Street
Savannah, GA  31406
Type:  Multifamily
Closed: 8/10/2021

Notch at Norta is a brand new, Class A apartment community located in Indiana’s most vibrant market. The northside is among the country’s fastest-growing and wealthiest areas and offers residents an exceptionally high quality of life.

The community offers an attractive mix of studios, 1 and 2-bedroom units and all with a full-size washer/dryer. The units include high-end finishes such as quartz countertops, wood cabinets with high gage drawer pulls, a flat glass range top, a deep under-mount stainless-steel sink, energy-efficient appliances and vinyl plank flooring.

The amenities at Notch at Nora are equal to or exceed any of its peers. A beautiful clubhouse offers a 24-hour fitness center as well as the leasing and management office. Other amenities include direct access to The Monon trail, a sparkling swimming pool, a fire pit, a grilling station, and a 24-hour package room.

Notch at Nora’s specific location, just to the south of high-traffic 86th Street, gives excellent access to everything the northside and high-end Keystone area have to offer. The community is within minutes of the area’s finest entertainment and shopping and numerous major employment centers.

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Notch at Nora
186 Units
8502 Westfield Blvd
Indianapolis, IN  46240
Closed: 8/10/2021