The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
Rock Creek
100 Units
1304 Cornell Avenue
Dothan, AL  36303
Type: Conventional
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
Summer Tree
72 Units
560 Fortner Street
Dothan, AL  36301
Type: LIHTC
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
The Gardens
26 Units
314 Virginia Drive
Dothan, AL  36301
Type: Conventional
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit Dothan 5 portfolio located in Dothan, Alabama. Widely regarded as the "southeastern gem" of the state, Dothan boasts an expanding medical/industrial economy and strong local job growth. The 5 assets are situated in convenient locations that offer easy access to beaches (appr. 80 miles), downtown, quality jobs, high-end retail and healthcare. The portfolio arrives to market 94% occupied and is experiencing heavy demand with 3 of the 5 assets recently completing significant rehab programs. Built between 1940-1995, Dothan 5 presents an outstanding opportunity to invest in a cash-flowing portfolio with excellent value add upside.
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Dothan 5 Portfolio (5 properties, 260 units)
Virginia Terrace
30 Units
107 Virginia Drive
Dothan, AL  36301
Type: Conventional
Closed: 3/12/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 318-unit, 2001-built Stone Ridge & 252-unit, 1996-built Whitehall Estates apartment communities located in Charlotte, NC. Bound by an abundance of employment, including an average of +71,500 jobs within a 3-mile radius and +42.8M SF of industrial, office, and retail space, the properties provide an unmatched, connected suburban location. The duo is primed to continue benefitting from prolific economic development and population influx driving a +9.25% submarket rent growth projection through 2022, while portfolio operating synergies bolster consistently strong financial performance. With significant rent headroom of +$400 per unit to submarket leaders, new ownership is ideally positioned to continue the dynamic in-process value-add program or execute an enhanced strategy to meet Class-A competitors.
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Stone Ridge & Whitehall Estates (2 properties, 570 units)
Whitehall Estates
252 Units
2400 Whitehall Estates Drive
Charlotte, NC  28273
Type: Conventional
Closed: 3/12/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Park 35, a 304-unit multifamily asset located in the dynamic Decatur market. The property was built in multiple phases in 1965, 1973, and 2000, and has been well-maintained since the complete property renovation that occurred in 2000, which included the replacement of all roofs, windows, mechanicals, appliances, cabinets, countertops, and flooring in the original 1965 and 1973 phases. Current ownership has spent $1.8M+ in capital since acquisition in 2016; however, 100% of the unit interiors and the amenity package remain "untouched" from a value-add perspective since the 2000 renovation. Therefore, Park 35 represents a rare opportunity for an investor to purchase a well-located, quality asset with substantial value-add upside.
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Park 35
304 Units
3529 Robins Landing Way
Decatur, GA  30032
Closed: 3/11/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit, Hidden Park & the 100-unit, Quail Pointe apartment communities located in Spartanburg, SC. Embedded just outside of downtown Spartanburg Hidden Park & Quail Pointe sits in close proximity to the top employment centers in the Upstate area where large investments have continually been made to expand and strengthen the Upstate job market. With a massive infusion of $1.2 million, and affluent demographics, Hidden Park & Quail Pointe offers the chance to boost NOI by 48% with over 84% of units left to renovate generating $100 premiums.
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Hidden Park & Quail Pointe (2 properties, 200 units)
Hidden Park
100 Units
320 Spruce Street
Spartanburg, SC  29303
Closed: 3/9/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit, Hidden Park & the 100-unit, Quail Pointe apartment communities located in Spartanburg, SC. Embedded just outside of downtown Spartanburg Hidden Park & Quail Pointe sits in close proximity to the top employment centers in the Upstate area where large investments have continually been made to expand and strengthen the Upstate job market. With a massive infusion of $1.2 million, and affluent demographics, Hidden Park & Quail Pointe offers the chance to boost NOI by 48% with over 84% of units left to renovate generating $100 premiums.
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Hidden Park & Quail Pointe (2 properties, 200 units)
Quail Pointe
100 Units
460 East Blackstock Road
Spartanburg, SC  29301
Closed: 3/9/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Sunset 3 Portfolio - three assets with recent capital improvements in Austell, GA and Douglasville, GA. The Sunset 3 Portfolio represents the opportunity to immediately establish a strong investment platform in the expanding I-20 west growth corridor of Atlanta. Well-situated with access to major economic drivers, Forest Glen, Stewart’s Mill, and Place at Midway are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Sunset 3 Portfolio (3 properties, 652 units)
Forest Glen
264 Units
4236 Austell Road
Austell, GA  30106
Type: Conventional
Closed: 3/6/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Sunset 3 Portfolio - three assets with recent capital improvements in Austell, GA and Douglasville, GA. The Sunset 3 Portfolio represents the opportunity to immediately establish a strong investment platform in the expanding I-20 west growth corridor of Atlanta. Well-situated with access to major economic drivers, Forest Glen, Stewart’s Mill, and Place at Midway are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Sunset 3 Portfolio (3 properties, 652 units)
Place at Midway
200 Units
2281 Midway Road
Douglasville, GA  30135
Type: Conventional
Closed: 3/6/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Sunset 3 Portfolio - three assets with recent capital improvements in Austell, GA and Douglasville, GA. The Sunset 3 Portfolio represents the opportunity to immediately establish a strong investment platform in the expanding I-20 west growth corridor of Atlanta. Well-situated with access to major economic drivers, Forest Glen, Stewart’s Mill, and Place at Midway are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Sunset 3 Portfolio (3 properties, 652 units)
Stewart's Mill
188 Units
3421 W. Stewart Mill Road
Douglasville, GA  30135
Type: Conventional
Closed: 3/6/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Hollows, a 212-unit apartment community located in Columbia, SC. Embedded between Downtown Columbia and one of the largest retail corridors, Harbison Boulevard, The Hollows sits near the top employment centers in the area where multiple large investments have continually been made to expand and strengthen the Metro job market. With large forecasted rent growth, top submarket rankings in growth (5.10%) and concession values in the second quarter of 2019, The Hollows offers the chance to boost NOI by $123,000 with over 42% of unit interiors left to be renovated, bringing them in-line with fully renovated units that are averaging $50-$75 rent premiums.
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The Hollows
212 Units
1300 Longcreek Drive
Columbia, SC  29210
Type: Conventional
Closed: 3/6/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Cahaba Brook and Cahaba Park - 54 units across two assets located in the affluent communities of Vestavia Hills and Homewood, ranked #4 and #2 of Alabama’s top suburbs, respectively. Birmingham’s most desirable municipalities of Vestavia Hills, Homewood and Mountain Brook maintain heavy multifamily restrictions, with only 5 assets constructed in these areas since 2000. Residents at the subjects are afforded easy access to dense cores of quality jobs, upper echelon retail options and state-ranked school systems. Built in 1991 and 1954, and heavily capitalized over the past 4 years, Cahaba Brook and Cahaba Park represent the opportunity to acquire well-demanded assets with ample space for the next investor to implement a "2.0" renovation program and create outstanding exit value.
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Cahaba Brook & Cahaba Park (2 properties, 54 units)
Cahaba Brook
20 Units
3252 Bearden Court
Vestavia Hills, AL  35243
Closed: 3/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Chaney Place apartment community located in the rapidly expanding city of Huntsville, AL. Huntsville’s economy has added over 12K jobs and $5B of capital investments since the start of 2018 and is one of the top-ranked investment markets in the entire U.S. Notably, Huntsville now has the #1 most technical workforce in the country with nearly 17% of the workforce in a STEM related field earning $95k+ average salaries. Chaney Place features a class "A" home-like experience with 100% ground floor entry townhomes, massive 1,350 SF average floor plans and highly desirable amenities. Delivered between 2008-2015, Chaney Place represents the rare opportunity to acquire an attractive, cash flowing asset within the premier Huntsville investment space.
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Chaney Place
80 Units
1060 Chaney Place Dr
Huntsville, AL  35803
Closed: 3/5/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present Integra Sunrise Parc – a brand new, 300-unit luxury garden apartment community located in Kissimmee, Florida. The property was thoughtfully crafted to create the highest design standards and living experience. Located in the Hunter’s Creek/Sunrise City submarket, the property provides rare suburban accessibility to nearby shopping and dining that includes Publix, Walmart, The Loop and Lake Buena Vista Outlets. Residents also have access to one of the most active employment markets in the Orlando metro. Integra Sunrise Parc is being offered for the first time by its developers, Integra Land Company, CrossHarbor Capital and Panther Residential Management LLC.
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Integra Sunrise Parc
300 Units
4701 Luminous Loop
Kissimmee, FL  34746
Type: Conventional
Closed: 3/5/2020

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Silver Lake Multifamily Development Site located in Leesburg, Florida. The asset is situated in the desirable area of the Orlando-Kisimmee-Sanford MSA. Silver Lake Multifamily Development Site is an expansive 46.5 acres and is an approved PUD allowing for up to 256 buildable units. The site also has a rare and attractive 27-acre man made lake stocked with fish.

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Silver Lake Multifamily Development Site
46.5 Acres
Arbour Lake Drive
Leesburg, FL  34788
Type: Land
Closed: 3/5/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 283-unit Bluebird Row apartments in Hamilton County, Chattanooga, Tennessee. Completed in 2019, Bluebird Row features an unrivaled amenity package and superior unit finishes and is the only true Class AA property in the market. Residents enjoy excellent walkability, an urban lifestyle, and immediate access to over 85k jobs in Chattanooga’s rapidly expanding downtown. Additionally, the property is conveniently located just 0.6 miles from I-24 which provides residents with quick access to Volkswagen and Amazon. Catering to Chattanooga’s most sophisticated tenant base and leasing an average of about 25 units per month, Bluebird Row sets the stage for above-market rental growth.
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Bluebird Row
283 Units
1348 Passenger Street
Chattanooga, TN  37408
Closed: 3/4/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Cortona, a 220-unit value-add multifamily asset located in Lakeland, Florida. Constructed in 1989, the lakefront property features 3-story walk-up buildings with 8-foot ceilings on the first and second floors and vaulted ceilings on the top floors, and an average unit size of 794 square feet. The Park at Cortona has been well-maintained with over $2.3 million in recent capital improvements by the seller and represents a tremendous opportunity for increased cash flow generated through the continuation of an in-unit renovation program. Additional enhancement potential can be realized through development of the 9.16-acre Phase II land planned for 160 additional units.

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Park at Cortona
220 Units
5233 US 98 N
Lakeland, FL  33809
Closed: 3/3/2020

Echo Park Bloomington is a premier luxury community located on the south side of booming Bloomington, IN. The thoughtful high-end modern design of this class A new construction property creates a living environment above all other competition. The luxurious living experience caters perfectly to the high income young professional residents.

Bloomington is best known for the highly-rated, 45,000+ enrollment Indiana University, but this city has more to offer than just the typical college town in the way of high paying employment opportunities, international cuisine, music venues, retail boutiques, lakes, wineries and the Hoosier National Forest.

Echo Park is currently 97% occupied and has an excellent lease trajectory into the future. Its stabilization and high occupancy allow for the best permanent new financing terms available.

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Echo Park - Bloomington
154 Units
2780 S Walnut Street Pike
Bloomington, IN  47401
Type: Conventional
Closed: 2/29/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 279-unit Nottingham apartment community located in Monroe, NC. Built in 3 Phases (1985, 1995, 2001), this asset offers investors a true value add initiative with all-original units trailing the central submarket by over $300. The property recently renovated a trial unit with vinyl wood flooring and has signed a lease $360 above the effective rental average for this floorplan. With no units under construction and only 262 units proposed, the area offers an opportune time to make significant strides in submarket where population & employment growth continues to thrive. Investors have the opportunity to increase annual NOI by 58% through multiple revenue streams including a market-driven interior upgrade initiative, trash income, water/sewer submetering, and washer/dryer appliance rentals.
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Nottingham
279 Units
2613 Nottingham Lane
Monroe, NC  28110
Type: Conventional
Closed: 2/27/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, Walker’s Ridge apartment community located in Gastonia, North Carolina. Built in 1990, the property has experienced a surge in organic rent growth due to a recent +$300,000 capital infusion including a newly renovated clubhouse and high-tech gate entrance. Gaston County has emerged as a location of choice for foreign investments in advanced manufacturing, serving as the key driver for some of the strongest rent gains in the metro. The growing demand of Gastonia paired with muted supply in 2018 poises the property for consistent returns and an opportunity to boost annual NOI by 17.6% through multiple revenue streams including water/sewer submetering and completion of the in-place value add program (23% renovated).
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Walker's Ridge
144 Units
1100 Robinwood Road
Gastonia, NC  28054
Type: Conventional
Closed: 2/27/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Arlington Park - 252 units located in Mobile, Alabama. The subject is situated in the affluent West Mobile submarket, just south of Airport Boulevard, with $100K+ HH incomes and state-ranked schools. The immediate area is home to key economic drivers such as Providence Hospital (1,540 jobs), University of South Alabama (16,440+ students), Mobile Regional Airport, and over 1.5 million square feet of quality retail within a 2-mile radius. Constructed in 2001, Arlington Park offers the investor quality product well below replacement cost with excellent in-place cash flow that is primed for a full-scale value add campaign.
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Arlington Park
252 Units
7070 Grelot Road
Mobile, AL  36695
Type: Conventional
Closed: 2/26/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 330-unit, Woodland Estates apartment community located in Charlotte, NC. Embedded off of Albemarle Road and Central Avenue Intersection, the property offers unmatched connectivity to all of Charlotte’s retail and employment hubs. Woodland Estates, which planted in the East Charlotte submarket, is branded with high HHI incomes of ~$60,000 and 54% white-collar employment in a 3-mile radius and is primed for growth with a large forecast rent growth of 14% and occupancy levels expected to stay at almost 96%. With a massive capital infusion of $4.2M to renovate unit interiors and enhance curb appeal and amenities, Woodland Estates has witnessed steady financial momentum leaving new ownership the ability to focus solely on completing an in-place value-add program that offers the chance to boost NOI by 44% with 95% of unit interiors left to be renovated to "Dream Unit" status with current Dream Units achieving $250 - $325 premiums.
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Woodland Estates
330 Units
6147 Winged Elm Court
Charlotte, NC  28117
Type: Conventional
Closed: 2/26/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit, Abbotts Run apartment community located in Wilmington, North Carolina. This asset is positioned in a highly-educated, affluent demographic region between UNCWilmington, The Port of Wilmington, and Wilmington International Airport with immediate access to the Coastal City’s major roadways. Delivered in 2002, Abbotts Run recently received a $3.5 million capital infusion which included common area renovations, a state-of-the-art clubhouse, and unit interior upgrades. Since completion in April 2016, this targeted initiative has proven to see a 38% increase in rental rates. Despite this impressive growth, the market indicates there is an opportunity for a value add 2.0 program as average rental rates trail comparable properties by $280, resulting in a potential to boost annual NOI by 14%.
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Abbotts Run
264 Units
511 Cobblestone Drive
Wilmington, NC  28405
Type: Conventional
Closed: 2/20/2020