Bexley Village is a 276 unit apartment community located in Indianapolis’s popular southside suburb, Greenwood on the corner of Smith Valley Road and Emerson Avenue. It is offered free and clear and can be purchased individually or as part of a 500+ unit, 2 property portfolio to include Barton Farms - 262 units.

The community was built between 1997-1998 and has been well maintained by the original owner. All roofs were replaced in 2019. The community offers an attractive mix of 1 & 2 bedroom units. A full-size washer and dryer is provided in all units.

While Bexley Village is well maintained, a new owner can upgrade unit interiors and elevate the amenities to increase revenue. In addition to rent premiums available by completing additional unit renovations, organic revenue increase is also expected as the current rents trail market by an average of $143+.

Greenwood was voted one of the best places to live in Indiana. The top four employers in Greenwood are FedEx, Amazon Distribution Center, and two large healthcare networks, Franciscan and Community Health, all of which are close to Bexley Village.

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 152-unit value-add multifamily offering, Pickwick Apartments, located in Jacksonville, Florida.

Cushman & Wakefield, as exclusive advisor, is pleased to present 1200 Marseille, a value-add multifamily opportunity on Miami Beach. The property consists of two buildings. The unit mix is excellent for the location consisting of four 1BR/1BA units and eight 2BR/2BA units with an average unit size of 973 square feet.

The immediate area surrounding the property is poised for significant investment and improvement. The Miami Beach Commission unanimously approved a master plan for the city’s North Beach neighborhood, which stretches from 63rd to 87th Street. The master plan will include a North Beach Town Center and is likely to revitalize the area with hundreds of millions of dollars of new developments and neighborhood improvements.

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 288-unit value-add offering, Canopy Creek, located in Jacksonvile, Florida.

The Crossroads Apartments is a well maintained 90s vintage asset at the cusp of the high-end Summerlin submarket, nearby the College of Southern Nevada and the US-95 freeway . The asset itself has a total of 32 units (883 SF average), covered & uncovered parking and a current strong pride of ownership. Crossroads is poised to benefit from its unique location, high occupancy rate, and its strong current collection trends.

With in-place rents currently averaging $853 per month, or $0.97 per SF, Crossroads offers investors the unique opportunity to acquire a 90s vintage asset with under market rents. This is especially attractive with the location of this type of asset, as Crossroads is located near the heart of West Las Vegas in a highly desirable submarket.

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 92-unit value-add offering, The Palms at Cortez, located in Bradenton, Florida.

The acquisition of Cross Creek provides investors with the rare opportunity to acquire 1990 built property with 6% cap rate year one WITHOUT additional renovations. Offered free and clear and primed for the best new debt terms available such as interest only and high leverage which will allows for an immediate double-digit yield.

The current owner skillfully renovated 100% of the units in 2016 with installation of new kitchen and bath cabinets, countertops, appliances, lighting and plumbing fixtures. The clubhouse was also upgraded in 2016 and provides a high end, open and modern atmosphere ideal for leasing.

Cross Creek arrives to market with over 96% trailing 3 months average occupancy and T-12 occupancy of 94%. In addition to strong occupancy, the property has achieved 4.6% organic rental income growth T-3 vs T-12. Recent leases prove the ability to quickly increase revenue easily by simply burning off the $61k annualized Loss to Lease.

Cross Creek is offered free and clear and can be purchased individually or as part of a 914 unit, 3 property portfolio that includes Beechmill (256 units) and Woodbridge – Ft Wayne (450 units). A portfolio purchase offers economies of scale.

Download an Executive Summary below. Full Offering Memorandum is coming soon.