The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Trails at Cahaba River - 400 units located in Birmingham, AL. This asset is desirably situated along the thriving US-280 Corridor, one of the metro’s high growth areas with nearly 10M SF of top-tier retail and office space. Embedded near quality employment opportunities and upscale amenities, the community attracts a high quality resident profile. Current ownership has invested over $6.6M in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to initiate next-level upgrades. Built in 1987/1988, The Trails at Cahaba River offers the investor an outstanding opportunity to acquire a cash-flowing asset with proven value add upside far below replacement cost.
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The Trails at Cahaba River
400 Units
801 Cahaba Forest Cove
Birmingham, AL  35242
Type: Conventional
Closed: 1/29/2020

Warren Harbor Apartments built in 1971 is a 240-unit apartment community located on Indianapolis’ suburban east side. The community is situated on 26.1 acres that has 10 residential buildings, a very large clubhouse with an indoor pool, and vast greenspace. The property offers an attractive unit mix of 1, 2 and 3 bedroom garden style units. Directly off I-70 and I-465, Warren Harbor enjoys easy and convenient access to downtown Indianapolis, local restaurants and employment.

The current owner purchased the property in 2015 when the property was highly distressed and underperforming. During their ownership they have fully renovated 111 units and partially renovated 84 units. They also cured a number of major physical issues at the property including creating proper drainage, installation of new asphalt and new roofs. There is one building that remains down that contains 24 units which are gutted and not rentable.

The acquisition of Warren Harbour offers the new owner the opportunity the continue to stabilize the community and increase revenue by bringing all units online, continuing unit upgrades and enhancing the amenities.

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Warren Harbor
240 Units
2125 Yorkshire Court
Indianapolis, IN  46229
Closed: 1/24/2020

946 MLK is located on the campus of IUPUI providing walkability not only to the buildings of the University but also to the incredible perks of living downtown.

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946 MLK
20 Units
946 Dr. Martin Luther King Jr. St.
Indianapolis, IN  46202
Closed: 1/23/2020
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Kingstowne
384 Units
500 Oscar Loop
Newport News, VA  23606
Closed: 1/21/2020
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The Parkway
70 Units
1501 LaSalle Ave S
Minneapolis, MN  55403
Closed: 1/17/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to announce the opportunity to acquire the 275-unit value-add apartment community located in Daytona Beach, Florida - Ridgecrest Park. Built in 1967, Ridgecrest Park offers an outstanding value-add opportunity to capitalize on a well-maintained community with 45 year ownership in a class "B" location with ability to raise rents over $272 through interior and common area renovation enhancements.

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Ridgecrest Park
275 Units
1400 South Nova Road
Daytona Beach, FL  32114
Type: Conventional
Closed: 1/13/2020

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 620 units)
Attiva Court
180 Units
3210 S. Sandhill Rd.
Las Vegas, NV  89121
Type: Senior
Closed: 1/10/2020

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 620 units)
Attiva Valley View
344 Units
1600 S. Valley View Blvd.
Las Vegas, NV  89102
Type: Senior
Closed: 1/10/2020

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 620 units)
Attiva Winterhaven
96 Units
3300 Winterhaven St.
Las Vegas, NV  89108
Type: Senior
Closed: 1/10/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 88-unit Bent Creek Colony apartment community located in southwest metropolitan Atlanta, Fulton County, Georgia. Strategically situated less than four miles northwest of Hartsfield-Jackson International Airport, this 1970-built asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Bent Creek Colony offers an outstanding opportunity to invest in a strong-performer with proven value-add potential.
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Bent Creek Colony
88 Units
2039 Bent Creek Way SW
Atlanta, GA  30311
Type: Conventional
Closed: 1/8/2020
Sold
Boston Cove, Victoria Place & Forrest Court (3 properties, 116 units)
Boston Cove
34 Units
828 Forrest Dr
Newport News, VA
Closed: 1/7/2020
Sold
Park Blu
95 Units
2306 Fairfield Avenue
Fairfield, CA  94533
Closed: 1/3/2020
Sold
Park Viva
110 Units
1111 Alaska Avenue
Fairfield, CA  94533
Closed: 1/3/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Fiddlers Creek apartment community located in Winston-Salem, North Carolina. Given the proximity to major thoroughfares, residents can enjoy a short commute to downtown Winston-Salem, Hanes Mall and all of the region’s top employment. In addition to locational advantages, the submarket has seen 11% rent growth over the past 3.5 years and has no units proposed through 2021. The asset is sheltered from new competition and is set to continue strong rent growth trends. New ownership is presented with a unique investment opportunity to boost NOI by 62% through a multi-pronged value add approach totaling $355K in new revenue.
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Fiddlers Creek
160 Units
2180 Fiddlers Court
Winston-Salem, NC  27107
Type: Conventional
Closed: 12/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 95-unit apartment community located in Spartanburg, SC. Embedded just outside of downtown Spartanburg in one of city’s most popular neighborhoods, Village at Willow Lakes sits near the top employment centers in the Upstate area where large investments have continually been made to expand and strengthen the Upstate job market. With affluent demographics boasting $90,000 average HHI and 66% white-collar employment within a 1-Mile radius, Village at Willow Lakes offers the chance to boost NOI by 30% by completing a market driven value-add campaign set to achieve $100 premiums while still maintaining an extensive rent runway to key comparables in the submarket.
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Village at Willow Lakes
95 Units
2900 Reidville Road
Spartanburg, SC  29301
Closed: 12/31/2019
Sold
Place at Galleria
150 Units
1 Hampton Place
Hoover, AL  35216
Type: Conventional
Closed: 12/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Georgetown Crossing
168 Units
1015 King George Boulevard
Savannah, GA  31419
Type: Conventional
Closed: 12/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Kilburn Commercial Properties are pleased to present the exclusive listing of the 77.64-acre Saunders Street Land located in Raleigh, North Carolina. Situated along the I-40/Hwy 401 interchange, the property has access to Raleigh’s top employers and universities in a rapidly expanding MSA - projected to post 16% population growth through 2023. The property is barbelled between Downtown Raleigh and the South Raleigh opportunity zone, providing investors with tax benefits on capital gains while the vacant land sits in a favorable path of future growth and development.
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Saunders Street Land
77.64 Acres
2400 South Saunders Street
Raleigh, NC  27603
Type: Land
Closed: 12/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 93-unit Lake Ridge apartment community located in Apex, North Carolina. This affluent suburb outside of Raleigh boasts blue chip demographics that see a resident base of 80% white collar workers bringing home an average household income of over $130K. This unique asset with highly desirable townhome floorplans is walking distance to downtown Apex, and is one of only ten market-rate, garden style properties in Apex - and is the only asset built before 1997. Lake Ridge offers an outstanding value-add opportunity that would see rental premiums of $200, and ultimately see a 45% increase to NOI propped up by an affluent renter base that can support future rent increases.
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Lake Ridge
93 Units
503 West Chatham Square
Apex, NC  27502
Type: Conventional
Closed: 12/23/2019
Located in the employment-rich Chicago suburb of Gurnee, Carriage House Apartments is a strong performing workforce housing asset with additional strategic upgrade potential to be realized by new ownership. Built in 1970, the asset consists of 136 one- and two-bedroom apartment units spread through a 17-building community on eight park-like acres. Grand Willow trees grace this suburban asset and add to its appeal. Rent growth in Northeast Lake County has averaged 3% over the past 30 months and occupancies have hovered around 95%. Combined with high barriers to entry for new construction, this asset is poised for long term growth and strong returns.
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Carriage House Apartments
136 Units
4344 McClure Ave
Gurnee, IL  60031
Type: Conventional
Closed: 12/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 118-unit The Park at Peachtree Hills apartment community located in Atlanta, Fulton County, Georgia. This asset is situated in the burgeoning Lindbergh submarket of Buckhead, which is wedged between the Piedmont Road and Peachtree Road corridors with immediate access to GA Highway 400, Interstates 85/75, and MARTA transit. The superlative locale is flourishing with new upscale developments redefining the south Buckhead district. Built in 1965, The Park at Peachtree Hills offers a rare opportunity to invest in a value-add asset with an irreplaceable location in one of the most affluent rental markets in Atlanta.
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The Park at Peachtree Hills
118 Units
480 Peachtree Hills Avenue NE
Atlanta, GA  30305
Type: Conventional
Closed: 12/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Paces Brook
260 Units
113 Paces Brook Avenue
Columbia, SC  29212
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Palladian at Daphne - 120 units located within the affluent Daphne municipality of Mobile, Alabama. Baldwin County, the fastest growing county in the state, has garnered 53% population growth since 2000 and boasts a median HH income nearly 25% greater than the statewide statistic. Situated along the desirable Eastern Shore of Mobile, Palladian at Daphne enjoys an affluent resident profile and close proximity to quality retail and employment. The subject asset features massive, 1,800 SF average floor plans with 100% attached garages and ground floor entry, providing residents with "home style" living at a low cost per foot. Constructed in 2017, Palladian at Daphne offers the investor a newly delivered asset producing strong, stable cash flow in an A+ Daphne location.
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Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Retreat at Schillinger
270 Units
1313 Schillinger Road South
Mobile, AL  36695
Type: Conventional
Closed: 12/19/2019