Villa Glen & Heritage Place (2 properties, 244 units)

Villa Glen

116 Units

900 Division Street
Bessemer, AL 35020

Closed: 7/6/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 212-unit value-add multifamily offering, River Pointe Apartment Homes, located in Tampa, Florida.

8024 Hidden River Drive
Tampa, FL 33617

Closed: 7/2/2021

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 56-unit Glenside Woods apartment community located in Greensboro, NC. This property offers investors a rare opportunity to invest in a unique, under-performing asset firmly situated in one of the fastest growing submarkets of the Triad. As submarket household incomes approach $90K+ paired with a muted delivery pipeline, the market indicates support for higher-end finishes in the surrounding areas, as Greensboro shifts its focus to target a white-collar workforce through educational attainment. New ownership will have the opportunity to boost NOI by 37% through the continuation of a proven value-add program and implementation of utility reimbursements.

1621 Glenside Dr
Greensboro, NC 27405

Closed: 7/1/2021

1 2002 BUILT PROPERTY WITH PROVEN VALUE ADD POTENTIAL

Current owner has completed light upgrades on 120+ units in phases I and II (The Flats – 320 units) and achieves a $60 premium. The new owner can continue with the current upgrade program and further enhance the units to achieve a higher premium of $100+.

2 2016 BUILT LUXURY PHASE PROVES DEMAND FOR HIGH END FINISHES

73 luxury townhomes, all with attached one car or two garages, were built in 2016 as Phase III and lease for 400+ more per unit than the 2002 built flat style units. The townhomes maintain high occupancy proving the demand in the area for luxury finishes.

3 COMPREHENSIVE AMENITY SET

Stone Ridge offers its residents a comprehensive amenity set that, while already in good condition, could be elevated. Amenities include a walking trail around the entire community, large pool with hot tub and adjacent covered outdoor cooking area, fitness center, bark park, basketball court, tennis court and 2 Amazon Hubs.

4 BRICK EXTERIORS & DESIRABLE UNIT FEATURES

The 2002 built phase (The Flats – 320 Units) offers a full brick exterior and desirable unit finishes including open kitchen layouts, washer/ dryer connections and private entrances. The 2016 built phase (The Townhomes – 73 Units) have attached one and two car garages, private entrance and high end luxury finishes.

5 NEAR VAST EMPLOYMENT OPPORTUNITIES

Located immediately adjacent to Ameriplex, a Class A logistics and distribution park with millions of square feet. Additional employment is plentiful near the site.

7111 Vedder Dr
Indianapolis, IN 46241

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 206-unit Tree Top apartment community located in Raleigh, NC. This asset is situated in the rapidly-expanding North Hills area, a submarket transitioning into a new employment hub as Advanced Auto Parts leads the way with a new HQ only a mile from the property. Outstanding demographic trends paired with a 11% home value growth over the past 12 months have brought national investor recognition to the area as urban development materializes. The community is primed for a market backed, multifaceted value-add initiative targeting unit amenity enhancements and interior upgrades, with potential to increase NOI by 41%. Tree Top is a strong asset situated in a market with an advantageous rent forecast, low unemployment rate, wealthy workforce, and growing population.

Closed: 7/1/2021

1328 Steinbeck Drive
Raleigh, NC 27609

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile 148 Portfolio. Mobile is the Gulf Coast’s dominant corridor for shipping & aerospace, attracting key players such as Walmart, Amazon and Airbus (4,000+ new jobs). Comprised of 148 units across 3 properties, the Mobile 148 Portfolio arrives to market with heavy capital infusion, proven value add upside, and excellent leasing trends.

Closed: 7/1/2021

Mobile 148 Portfolio (3 properties, 148 units)

Arbor Pointe

56 Units

100 Dairy Road
Mobile, AL 36612

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 301-unit ARIUM Emerald Isle apartment community located in Fort Walton Beach, FL. This asset is well-located with close proximity to state ranked schools, and all of Ft. Walton’s primary economic drivers. The Ft. Walton Beach market has seen tremendous growth with 6%+ Avg. YoY rent growth since 2017 providing the next investor a solid base to initiate high-yield upgrades and boost rents $100-$175+. Built between 1989-1996, ARIUM Emerald Isle offers an outstanding opportunity to invest in an asset with walkability to quality retail and commercial properties and major value add upside.

214 Racetrack Road
Fort Walton Beach, FL 32547

Mobile 148 Portfolio (3 properties, 148 units)

Bird's Nest

32 Units

2901 Pleasant Valley Rd
Mobile, AL 36066

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Plantation apartment community located in Mobile, AL This asset is ideally situated in close proximity to two new major business developments - Amazon and Walmart (1,750+ jobs added last 3 years). Interstate 10 also offers outstanding access to the Mobile Aeroplex, home to Airbus and 2,000+ jobs. The property has averaged 97% occupancy over the last twelve months while steadily increasing total collections. Built in 1977, Plantation represents an outstanding opportunity to invest in a stable property with an excellent performance record in a well demanded market.

5725 Old Pascagoula Rd
Mobile, AL 36619

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Summerlin Ridge apartment community. The asset is situated adjacent the region’s largest concentration of retail along Hanes Mall Boulevard and also benefits from a proximate location to I-40 as well as major local highways providing unmatched connectivity throughout the region. The South Winston-Salem Submarket continues to see impressive year-over-year rent growth. An increasingly wealthy population in the immediate 3-mile radius and lack of new deliveries create ideal conditions to support the projected 3.3% average annual rent growth through 2025. Built in 2004, Summerlin Ridge offers investors a proven, high-end value-add platform charging $240 premiums that upon completion would result in a 28% increase to NOI.

2425 Summerlin Ridge Road
Winston-Salem, NC 27103

Mobile 148 Portfolio (3 properties, 148 units)

The Retreat at Pleasant Valley

60 Units

2904 Pleasant Valley Rd
Mobile, AL 36606

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Station at Town Madison, a 274-unit, 2020-built apartment community. The property is situated within the 563-acre Town Madison master development highlighted by Toyota Field, home to Huntsville’s new minor league baseball team. Huntsville has experienced 7.2% annualized apartment rent growth in Q1 2021, following 9.7% in 2020, and 6.0% in 2019. Delivered in March 2020, The Station at Town Madison is now 81% occupied / 88% leased with stabilization expected in April following a tremendous leasing season that averaged 29 units/month from June-Sep 2020. The property boasts unmatched amenities and finishes in the marketplace and has maintained excellent leasing velocity offering the next investor substantial value add upside by pushing 2nd generation leases

The Station at Town Madison

274 Units

200 Town Madison Boulevard
Madison, AL 35758

Closed: 6/29/2021

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 348-unit Upland Townhomes multifamily community located in Mableton, Cobb County, Georgia. This asset is strategically-located within Northwest Atlanta's preeminent Thornton Road and Fulton Industrial economic area along the I-20 western corridor near I-285. Built in 1970, Upland Townhomes arrives to market 96% occupied with upward income trajectory and proven value-add rent growth.

6850 Mableton Parkway
Mableton, GA 30126

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 158-unit Hawthorne Centre North and the 78-unit Hawthorne Lofts South located in the center of Wilmington, NC, the 3rd fastest growing city in the state. These offerings can be purchased individually or as a portfolio. Built in 1996/1990, this well-maintained portfolio has received over $3.5 million in capital improvements since 2013, implementing property-wide roof replacements in 2019 and significant amenity enhancements along with light upgrades throughout the units. The area has received a massive influx of new residents, as Wilmington explodes in population growth due to in-migration accelerated by the pandemic, as remote workers love the affordable beach lifestyle and beautiful scenery that Wilmington has to offer. Impressive leasing trends are expected to continue with Wilmington, NC ranking as a top 20 city in the United States for inbound population growth in 2020. Both properties are top performers in their submarket by holding a 98% occupancy average over the past 15 months. Current renovations at the Hawthorne Centre North and Hawthorne Lofts South are achieving rent premiums of $75 and $95, respectively. Despite this impressive performance, the market indicates there is an opportunity for a higher-end value-add program that would result in a potential boost to NOI by 28%-37%, along with the potential to implement additional revenue streams.

Closed: 6/29/2021

Hawthorne Centre North and Lofts South (2 properties, 236 units)

Hawthorne Centre North

158 Units

5208 Ringo Drive
Wilmington, NC 28405

Hawthorne Centre North and Lofts South (2 properties, 236 units)

Hawthorne Lofts South

78 Units

351 Red Wing Lane
Wilmington, NC 28403

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Avalon on Montreal apartment community located in Northeast Atlanta, DeKalb County, Georgia. This asset is situated in the rapidly-expanding, high industrial and e-industrial growth area of Clarkston, GA. Built in 1975, the property underwent a full repositioning program in 2011, during which interiors, exteriors, all systems and amenities were significantly renovated. The property operates much more like a 2011 vintage asset. The submarket supports a full interior renovation of the conventional units. Avalon on Montreal represents an outstanding opportunity to invest in an asset with significant value-add potential and located in a thriving industrial corridor. * 89 units rent restricted through 2027 when the entire property can be taken to full conventional rents (see page 15 of the OM for details).

Closed: 6/28/2021

1086 Montreal Road
Clarkston, GA 30021

Type: Affordable Housing

Closed: 6/25/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of the I-695 Single-Family Portfolio. The Portfolio offers future ownership the rare opportunity to acquire a turnkey, gut renovated Single-Family Rental Portfolio with consistent net operating income, and an attractive cash on cash return. Single-Family Rentals have emerged as one of the most attractive asset classes to both institutional and private investors, with high yields and robust resident demand. The I-695 Single-Family Portfolio has a high concentration of Properties in Baltimore, Harford, and Anne Arundel Counties. Home interiors feature In-Unit Washer/Dryers, Granite Countertops, Stainless Steel and Black Appliances and New Flooring and Carpeting.