The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 107-unit, Azalea Park apartment community located in Durham, NC. Built in 1973 and revamped in 2006, this asset is strategically located near Interstate 85, with easy access to nearby top employers and a vast selection of retail and entertainment options. The property has received over $1M in capital improvements since 2017 and incoming investors can capitalize on Azalea Park’s value-add potential as submarket rents continue to rise in response to Durham and the NC Triangle’s strong economic growth. As Downtown Durham continues to revitalize its infrastructure, this quality asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.

2105 Bogarde Street
Durham, NC 27705

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Carlyle Court & Pendelton Park Villas, a 310-unit two-property multifamily opportunity located in Orlando, FL.

Carlyle Court & Pendelton Park Villas (2 properties, 310 units)

Carlyle Court

100 Units

5924 Curry Ford Road
Orlando, FL 32822

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the I-85 Corridor Value-Add Portfolio consisting of 4 properties, 570 units strategically situated in North Carolina’s fastest growing markets - Charlotte, Piedmont Triad, and the Raleigh-Durham Research Triangle. The properties are poised for substantial growth with unparalleled access to a plethora of jobs, higher education, strong household income growth, and seamless connectivity through major thoroughfares. The portfolio presents with an opportunity to capitalize on a proven value-add campaign already achieving $100-$175 rent premiums over standard units. Renovating the remaining 50% of units brings huge upside with solid premiums supported by excellent rent growth projections across all three markets. Ranging from late 1980s to mid-2000s vintage, the I-85 Corridor Value-Add portfolio presents an excellent framework to build upon in one of the fastest growing regions in the country.

I-85 Corridor Value-Add Portfolio (4 properties, 570 units)

Country Club

110 Units

900 West Wilson Avenue
Mooresville, NC 28117

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Granby Crossing apartment community located along the Congaree River in bustling Cayce, SC. The property is situated across the river from the rapidly expanding downtown, Columbia, characterized by its young and affluent demographic base with a 61% white collar population, high HHI growth (14%), and exceptional projected rent growth (19%) through 2026. Located in Lexington County, the property is also surrounded by an abundance of outdoor recreational opportunities, including waterfront activities and an outdoor amphitheater, and a surplus of jobs less than a mile away in downtown. Still under the same ownership as when built in 1990, Granby Crossing represents a unique investment opportunity to complete Class A renovations on all units and command average premiums of $276, aligning the asset with top submarket competitors.

100 Granby Crossing
Cayce, SC 29033

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 429-unit Lakeshore Ridge and 192-unit Oaks of St. Clair apartment communities located in the Birmingham, AL MSA. The Birmingham MSA has added 50,000+ jobs since April 2020 and is ranked #2 in the US for the lowest unemployment contributing to explosive rent growth in each submarket. Each property arrives to market 99% occupied and lag comparable properties by $115-$300+ in effective rents, but current ownership has seen significant rental increases (8%-12%+), even before any upgrades. Built between 2002-2017 Lakeshore Ridge and The Oaks of St. Clair offer a rare opportunity to invest in high-performing, cash-flowing assets that have major market-backed value add potential that will create significant room for revenue growth and boost exit value for the next investor. Subject properties are offered as a portfolio and on an individual basis as a fee simple sale or recap opportunity.

Lakeshore Ridge & The Oaks of St. Clair (2 properties, 621 units)

Lakeshore Ridge I & II

429 Units

1700 Lakeshore Ridge
Birmingham, AL 35211

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Carlyle Court & Pendelton Park Villas, a 310-unit two-property multifamily opportunity located in Orlando, FL.

Carlyle Court & Pendelton Park Villas (2 properties, 310 units)

Pendelton Park Villas

210 Units

5975 Curry Ford Road
Orlando, FL 32822

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Riverworks, a 306-unit luxury apartment community located in Savannah, GA. Riverworks represents a rare opportunity to acquire a high-quality, trophy asset anchored by the Savannah River and Savannah’s celebrated Historic District. Savannah’s exceptional job market and continued population growth will continue to support Riverworks as the premier asset. The property is strategically located in the $600M+ Eastern Wharf mixed-use development and will directly benefit from its curated retail, waterfront walkability, and immediate proximity to boutique restaurants and bars. Riverworks has proven its desirability through impressive leasing velocity of 35 net leases per month since June while raising market rents 7% in the same period.

301 Passage Way
Savannah, GA 31401

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 150-unit Stonecreek on the Green apartment community located in Snellville, Gwinnett County, GA. This asset is situated just 9 minutes from the new 3M SF Amazon Fulfillment Center, in thriving Gwinnett County. New economic developments fueling population, paired with limited multifamily supply in the submarket, are excelling property performance. New leases are currently being signed at 29% over the rent roll. With 107 classic units and 43 lightly renovated units at the property, a new owner can complete a full value-add program to increase income. Built in 2003, Stonecreek on the Green offers an outstanding opportunity to invest in a well-performing institutional property in Gwinnett County with significant value-add upside.

3974 Annistown Road
Snellville, GA 30039

Stonecreek on the Green

150 Units

Lakeshore Ridge & The Oaks of St. Clair (2 properties, 621 units)

The Oaks of St. Clair

192 Units

5050 Oaks of St. Clair Circle
Moody, AL 35004

1 WELL MAINTAINED BY ORIGINAL DEVELOPER

Offered for sale by the original developer, Crooked Creek is very well maintained with little deferred maintenance. The property also maintains very low turnover with many longterm tenants. The average length of tenancy is 54 months.

2 LARGE CAPITAL INFUSION

Much of the heavy lifting in updating this property is already complete. The owner of Crooked Creek completed many property upgrades from new windows and unit updates to pool repairs and new siding.

3 STRAIGHTFORWARD VALUE-ADD

Crooked Creek presents the opportunity to increase revenue through simple unit upgrades (with cabinets and counters already complete), adding some new amenities, and implementing a utility bill back program.

4 SOUGHT AFTER NORTH SIDE LOCATION

Crooked Creek is located near several large employment centers. Also from this location, residents enjoy easy access to vibrant downtown Indianapolis and plentiful dining, shopping and entertainment.

5 UNIQUE UNIT FEATURES

Crooked Creek offers unique and desirable unit features including fireplaces, unique loft floorplans, vaulted ceilings, in-unit washer/dryer machines and private inunit storage space.

6 PURCHASE INDIVIDUALLY OR PORTFOLIO

Crooked Creek can be purchased with Cedar Ridge together as a portfolio of 384 total units creating some economies of scale. The properties can also be purchased individually.

3947 Point Bar Rd
Indianapolis, IN 46268

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Grayton on Dean apartment community located in Auburn, AL. This asset is situated in the heart of the Auburn-Opelika MSA with close proximity to Opelika Road allowing convenient access to Auburn University, the state’s #1 ranked collegiate institution as well as premiere retail destinations and other economic drivers. Following a full $3.8M+ renovation the property arrives to market 100% pre-leased with exceptional rent growth (13%+ on new leases) with further room to push rents on 2nd generation leases. Built in 1964, 1984, and 1986, Grayton on Dean offers an outstanding opportunity to invest in a newly renovated property with exceptional rent and income growth trends.

420 North Dean Road
Auburn, AL 36830

5653 Brendon Way W. Drive
Indianapolis, IN 46226

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Residences on 56th, a 755-unit apartment community that has undergone a full high-end renovation and repositioning in 2019 - 2021.

The property now offers high end finishes and a "like new" feel with the area’s best and most comprehensive amenity set. The new owner of Residences on 56th has the opportunity to purchase a fully renovated property and continue to grow rents organically as the property continues to achieve higher rents on new leases.

INVESTMENT HIGHLIGHTS

LANDMARK ASSET RESTORED

R56 was known for many years as the premier apartment community on Indy’s northside, and over the years the property declined. The current owner is currently finishing up a huge renovation to bring the property to pristine “like new” condition.

NEW CONSTRUCTION FEEL

Nearly $30M of capital has been infused into the property. The massive renovation includes exterior upgrades and 100% of units have received a high-end upgrade with all new finishes throughout giving the whole property a new construction feel.

RIDE THE POSITIVE MOMENTUM

With post-reno lease-up nearly complete, the new owner can achieve the second wave of rent increases since the community has repositioned to a high-end Class A property. Lease rents at R56 have increased by $100+ in just the past 90 days.

CONVENIENT NORTH INDY LOCATION

R56 is located immediately adjacent to I-465, providing excellent accessibility to anywhere in the city. Popular Fort Benjamin Harrison is nearby along with the Castleton and Broad Ripple areas offering plentiful employment and shopping and cuisine.

UNIQUE FEATURES & HIGH-END AMENITIES

R56 has the most unique units and the best amenities in the area. Not only competing with the nearby new construction but beating them on price, unit size, low-density community feel.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Village at Apison Pike, a 248- unit, 2015-built apartment community located in Ooltewah, TN. The community is situated in the rapidly expanding Ooltewah, a suburb of Chattanooga, located minutes from the Volkswagen 1,400 acre production facility, 1M SF Amazon distribution center, as well as several major retail corridors. Coupled with strong demographics and high demand for a quality asset, property performance has excelled as recent leases are currently achieving 20% higher than in-place rents while maintaining an average occupancy north of 95%.

8605 Tradewind Circle
Ooltewah, TN 37363

Village at Apison Pike

248 Units

7145 Anderson Dr.
Zionsville, IN 46077

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Villas by Watermark, a 266-unit, 2014-built apartment community located in very desirable Zionsville, IN, Indiana’s most affluent city. .

While extremely well maintained and offering a comprehensive amenity set, the acquisition Villas by Watermark presents a clear opportunity to complete light updates to achieve rent increases. The average income of the current resident is over $150,000 annually providing plenty of bandwidth to pay higher rents. Offers are due October 21st and the seller prefers a closing by the end of 2021.

For access to confidential documents, please register at: VillasByWatermark-CW.com

27821 State Highway 181
Daphne, AL 36526

Closed: 12/10/2021

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bee Creek, 224 units located in the resort community of Branson, MO. The asset is well positioned with easy access to the heavily trafficked Branson metro (9M+ annual tourists) and surrounding employments centers. Built in 2010 with high quality materials, Bee Creek is being offered at an extremely attractive basis and has been well-maintained. The asset offers highly desirable unit amenities and layouts providing for a top-of-market property. Arriving to market 98% occupied with favorable historical leasing trends, the property offers new ownership an outstanding opportunity to acquire a stable, low-maintenance asset with a history of consistent income growth.

200 Buzz Street
Branson, MO 65616

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Metro apartment community located in northwest suburban Atlanta, Cobb County, GA. This well-located asset is situated in the Platinum Triangle office district with over 42M SF of office space and home to major employers, such as Home Depot HQ and new Papa Johns HQ. The Metro benefits from a top live-work-play destination, surrounded by Truist Park and The Battery, Heritage Pavilion retail center and several recreational trails. The Metro has undergone a full interior renovation program and amenity upgrades, offering top-of-the-market product. Built in 1983 and renovated in 2017, The Metro represents an outstanding opportunity to invest in a turn-key asset located in a flourishing submarket with high rent growth. A new owner can create ancillary income by improving upon existing space at the property.

Closed: 12/9/2021

1500 Parkwood Circle
Atlanta, GA 30339

Closed: 12/9/2021

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Largo Pointe apartment community located in Savannah, Chatham County, Georgia. This asset is situated in the rapidly-expanding, Colonial Village Submarket of Savannah. Built in 1969, Largo Pointe represents outstanding opportunity to invest in an asset where renovations can potentially garner a 35% ROI after completion. Largo Pointe offers unmatched access to Savannah’s major employers and retail, which has recently been enhanced by major infrastructure improvements, fueling its recent population growth and rapidly rising incomes.

12409 Largo Drive
Savannah, GA 31419

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Moda North Bay Village (the “Property”) – an iconic 8-story midrise located on 4.5 acres on the northernmost point of the North Bay Village islands in Miami Beach and overlooking Biscayne Bay. The property was developed in 2015 by ZOM and comprises 285 luxury apartment homes with an average unit size of just over 1,000 square feet. The property has 1,400 feet of water frontage providing water views for 100% of the units, as well as water access via the marina on the property. A variety of amenities are available to residents including two pools, access to kayaks and paddleboards, and boat/jet ski dockage. Moda is also the newest of four market-rate apartment communities in Miami-Dade to offer an onsite marina. Residents can enjoy ease of commute to downtown Miami/Brickell and Aventura which provide a mix of employment, retail and nightlife. Moda is also less than three miles from the pristine beaches of Miami.

8000 West Drive
North Bay Village, FL 33141

Moda North Bay Village

285 Units

1421 SW 27th Avenue
Ocala, FL 34474

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Promenade at Ocala. A 241-unit value-add multifamily opportunity located in Ocala, Florida. (North FL.

721 N. Kingstowne Circle
Brandon, FL 33511

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present The Park at Vincenzo, a 184-unit multifamily community located in Brandon, Florida (Tampa Bay MSA).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 269-unit The Reserve at Ridgewood apartment community located in Sandy Springs, Fulton County, Georgia. This asset is situated in the bustling north central perimeter of Atlanta, the Sunbelt’s largest central business district and Atlanta’s largest healthcare presence. Built in 1981, with condominium level features and some of the largest floor plans in the submarket, The Reserve at Ridgewood benefits from Sandy Springs’ skyrocketing rent levels and consistently high demand. The property arrives at market primed for immediate and future returns through proven value add implementation and outsized organic rent growth.

7100 Roswell Road NE
Sandy Springs, GA 30328

The Reserve at Ridgewood

269 Units