PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

...
Sold
Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Jasmine Terrace
319 Units
1250 Skipper Rd.
Tampa, FL  33613
Closed: 3/1/2021
PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

...
Sold
Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Laurel Crossings
112 Units
13101 Aarans Pond Drive
Tampa, FL  33612
Closed: 3/1/2021
PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

...
Sold
Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Oak Hill
200 Units
4500 Silver Star Road
Orlando, FL  32808
Closed: 3/1/2021
PORTFOLIO IS BEING OFFERED FOR SALE AS AN ENTIRE FIVE PROPERTY PACKAGE OR THE TWO TAMPA PROPERTIES SEPARATE FROM THE THREE ORLANDO PROPERTIES
Two of the Five Properties are Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive listing of the Tampa & Orlando Value-Add Workforce Housing Portfolio located in Tampa and Orlando, Florida. This is an attractive critical mass offering of five partially-renovated workforce housing multifamily communities totaling 1,011 units in the high growth “I-4 Corridor” of Orlando and Tampa Bay with tangible upside. The opportunity is being offered on a market bid basis, free and clear of debt. Two of the five properties are located in a Designated Opportunity Zone with long-term hold tax benefits.

...
Sold
Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Oakmont
188 Units
3024 S. Rio Grande Avenue
Orlando, FL  32805
Closed: 3/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.83 acre Southpark Boulevard Land site located in Winston-Salem, NC. As part of a Master Planned Community called Heritage Park, the land is approved for 172 apartments, is mass graded, has utilities located on site, and is currently listed at $950,000. The property is located in South Winston-Salem, the submarket leader in annual rent growth and occupancy in 2019. The property is situated along the Peters Creek Parkway Growth Corridor, a targeted initiative recently approved by the City Council, that has already seen momentum build indicated by rising property values. This site offers investors a unique opportunity to invest in a growing Winston-Salem market which boasts low unemployment, trivial delivery pipeline, and a majority white-collar workforce.
...
Sold
Southpark Boulevard Land
8.83 Acres
0 Grand Silo Way
Winston-Salem, NC  27127
Type:  Land
Closed: 3/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 66-unit 2200 Midtown apartment community located in Greensboro, NC. This asset is firmly situated in a top performing submarket of the Triad with strong fundamentals and outstanding demographics, outpacing the broader metro on nearly all indicators. Built in 1965, 2200 Midtown offers a 77% completed value add program that is commanding solid premiums of over units leasing with standard features. As submarket household incomes approach $90K+ paired with a muted delivery pipeline, the market indicates support for higher-end finishes as Greensboro shifts its focus to target a white-collar workforce through educational attainment. Investors have the opportunity to increase annual income by $48K by pushing rents to achieve market supported premiums in a top Triad submarket for rent growth.
...
Sold
2200 Midtown
66 Units
2200 Cornwallis Drive, West
Greensboro, NC  27408
Type:  Multifamily
Closed: 2/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Park at Village Oaks, 124-unit apartment community located in growing Leland, NC. Built in 2007, this property has carried out an extensive interior upgrade initiative, providing investors with a quality, competitive asset at a discount to replacement cost. With the heavy lifting out of the way, investors will have the opportunity to shift their focus to implement additional revenue streams, offering a potential 9% boost to annual NOI. Located only 4 miles from a booming downtown Wilmington, The Park at Village Oaks is perfectly situated to experience all Wilmington has to offer. In addition to the locational benefits of the Wilmington MSA, the site is in the heart of Leland’s Gateway District – an area the town has prioritized for immediate infill redevelopment.
...
Sold
The Park at Village Oaks
124 Units
136 Parsley Lane
Leland, NC  28451
Closed: 2/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast 979 Portfolio which includes five properties located in high-growth submarkets throughout the Southeast. The 979-unit portfolio immediately establishes or supplements a strong investment platform in desirable markets. With fresh capital infusions by current ownership and trending collections, these assets are primed for value-add initiatives and long-term cash returns.
...
Sold
Southeast 979 Portfolio (5 properties, 979 units)
Park at Arlington
188 Units
30 Grosslake Parkway
Covington, GA  30016
Type:  Multifamily
Closed: 2/18/2021
Sold
Imperial Apartments
26 Units
708-722 N Sutter Street
Stockton, CA  95202
Type:  Multifamily
Closed: 2/12/2021
Sold
Towne Park at Har-Ber
237 Units
257 Arborside Rd
Springdale, AR  72762
Closed: 2/11/2021
Sold
Woodwind & Greenleaf at Hunters Pond (2 properties, 171 units)
Greenleaf at Hunters Pond
76 Units
1626 Windsong Drive
Elkhart, IN  46514
Closed: 2/10/2021
Sold
Woodwind & Greenleaf at Hunters Pond (2 properties, 171 units)
Woodwind
95 Units
1100 Clarinet Blvd West
Elkhart, IN  46516
Closed: 2/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 86-unit Glen Abbey apartment community located in southwest metropolitan Atlanta, Fulton County, Georgia. This asset, superbly situated within a newly designated Federal Qualified Opportunity Zone, is 5 miles northwest of Atlanta's burgeoning aerotropolis industrial district, 5 miles southeast of Fulton Industrial District, and 5 miles west of Tyler Perry Studios, the largest film production studio in the nation. Built in 1970, Glen Abbey offers an outstanding opportunity to invest in a multifamily property with proven value-add potential.
...
Sold
Glen Abbey
86 Units
3350 Mount Gilead Road
Atlanta, GA  30311
Type:  Multifamily
Closed: 2/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 238-unit, 555-bed Independence Place apartment community located in Columbus, Muscogee County, Georgia. This asset is situated just outside of Fort Benning in southeast Columbus. Built in 2008, Independence Place offers an outstanding opportunity to invest in the only purpose built military housing in Columbus. Located in Georgia’s second largest city, Fort Benning supports the region with an annual impact of more than $4B.
...
Sold
Independence Place
238 Units | 555 Beds
1534 Antietam Drive
Columbus, GA  31907
Closed: 2/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Spring Lake & Windsor Lake, 528 units located in the Byram and Brandon submarkets of Jackson, Mississippi. Each property benefits from quick access to Jackson area jobs and downtown. Downtown offers residents close proximity to quality retail, schools, and entertainment options. The 528-unit portfolio, built in 1998/2001, arrives to market with stellar performance trends, immediate space to push rental rates, and significant value add upside.
...
Sold
Spring Lake & Windsor Lake (2 properties, 528 units)
Spring Lake
254 Units
1000 Spring Lake Boulevard
Byram, MS  39272
Type:  Multifamily
Closed: 2/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Spring Lake & Windsor Lake, 528 units located in the Byram and Brandon submarkets of Jackson, Mississippi. Each property benefits from quick access to Jackson area jobs and downtown. Downtown offers residents close proximity to quality retail, schools, and entertainment options. The 528-unit portfolio, built in 1998/2001, arrives to market with stellar performance trends, immediate space to push rental rates, and significant value add upside.
...
Sold
Spring Lake & Windsor Lake (2 properties, 528 units)
Windsor Lake
274 Units
100 Windsor Lake Blvd
Brandon, MS  39042
Closed: 2/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Gleneagle apartment community located in Columbia, SC. This asset is situated in the capital city of South Carolina boasting strong submarket fundamentals including 15% projected rent growth and 13% average household income growth through 2025. Having changed between multiple management companies, current management operations are sound and trending in the right direction. Built in 1973, Gleneagle represents an outstanding opportunity to invest in a property that comes to market with a proven value-add plan set in-place by current ownership leaving 164 units (73%) to be renovated and command premiums of $125.
...
Sold
Gleneagle
216 Units
601 St. Andrews Road
Columbia, SC  29210
Type:  Multifamily
Closed: 2/1/2021

Village at Aspen Place offers an investor the opportunity to acquire a true "Best in Class", "A" quality multifamily property with highend, resort-style amenities and 26 unique floor plans in a premier mixed-use setting. Amenities offered residents include resident clubhouse with kitchen and coffee lounge, fitness center and yoga room, heated swimming pool and spa, outdoor barbecue grills and fire pit, bike/ski repair shop, pet washing station and package concierge lockers.

The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Village at Aspen Place’s spacious floor plans feature nine-foot or higher ceilings, wood-style vinyl plank flooring, Knotty Alder wood cabinets, granite countertops, stainless steel appliances, tiled floors and showers in bathrooms, oversized closets, large balconies/patios and full size washer/dryers. Select units include wet bars, built-in desks, concierge doors and vaulted ceilings.

Village at Aspen Place features an attached 6-story parking structure with elevator access to each floor. Residents have access to their units via air-conditioned/heated corridors. From their front door residents of Village at Aspen Place can access a variety of shopping, restaurants and service businesses, including Whole Foods, REI, Lululemon, Grimaldi’s Pizzeria, Wildflower, Barre3 and many others. Village at Aspen Place is Flagstaff’s only true mixed-use community.

...
Sold
Village at Aspen Place
222 Units
601 East Piccadilly Drive
Flagstaff, AZ  86001
Type:  Multifamily
Closed: 1/29/2021

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group was pleased to represent West Carroll Management in the refinance of their Carroll County Multifamily Portfolio. Totaling 4 Buildings and 77 units, the Properties can be classifed as Class C Workforce Housing Apartments. Our team worked on behalf of ownership to place new non-recourse debt, in the form of a Fannie Mae Small Balance Loan.

...
Sold
West Carroll Portfolio (4 properties, 77 units)
16 Penn Apartments
13 Units
16 Pennsylvania Avenue
Westminster, MD  21157
Type:  Multifamily
Closed: 1/28/2021

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group was pleased to represent West Carroll Management in the refinance of their Carroll County Multifamily Portfolio. Totaling 4 Buildings and 77 units, the Properties can be classifed as Class C Workforce Housing Apartments. Our team worked on behalf of ownership to place new non-recourse debt, in the form of a Fannie Mae Small Balance Loan.

...
Sold
West Carroll Portfolio (4 properties, 77 units)
3148 Park Avenue
12 Units
3148 Park Avenue
Manchester, MD
Type:  Multifamily
Closed: 1/28/2021

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group was pleased to represent West Carroll Management in the refinance of their Carroll County Multifamily Portfolio. Totaling 4 Buildings and 77 units, the Properties can be classifed as Class C Workforce Housing Apartments. Our team worked on behalf of ownership to place new non-recourse debt, in the form of a Fannie Mae Small Balance Loan.

...
Sold
West Carroll Portfolio (4 properties, 77 units)
Main Street Apartments
19 Units
105 E Main Street
Westminster, MD  21157
Type:  Multifamily
Closed: 1/28/2021

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group was pleased to represent West Carroll Management in the refinance of their Carroll County Multifamily Portfolio. Totaling 4 Buildings and 77 units, the Properties can be classifed as Class C Workforce Housing Apartments. Our team worked on behalf of ownership to place new non-recourse debt, in the form of a Fannie Mae Small Balance Loan.

...
Sold
West Carroll Portfolio (4 properties, 77 units)
Shaw Apartments
33 Units
76 Pennsylvania Avenue
Westminster, MD  21157
Type:  Multifamily
Closed: 1/28/2021

Aura, 125 units on Indy’s west side, is being offered for sale both individually or as part of a 3 property portfolio totaling 849 units. Portfolio buyers will have the opportunity to have an immediate sizable presence in Indy and benefit from economies of scale. However, the purchase of Aura as a stand-alone property is an excellent option and offers the ability to purchase a property with very spacious units. The average unit size at Aura is just over 1,200 square feet and offers a balanced mix of one, two and three bedroom units.

The current owner has renovated approximately 25% of units and proven rent premiums of up to $170/month. Located on the westside of Indy, Aura is very close to a large number of employers and offers quick access to downtown. Aura (and the entire portfolio) is being offered free and clear.

For more information on the other properties available in the portfolio, click below:

M Club Offering Memorandum

Retreat Northwest Offering Memorandum

...
Sold
Aura
125 Units
3035 W. 39th Street
Indianapolis, IN  46228
Closed: 1/27/2021

M Club Apartments, 388 units on Indy’s northeast side, is being offered for sale both individually or as part of a 3 property portfolio totaling 849 units. Portfolio buyers will have the opportunity to have an immediate sizable presence in Indy and benefit from economies of scale. However, the purchase of M Club as a stand-alone property is also an excellent option, with almost 400 units in one location. M Club offers a mix of studios, one bedroom and two bedroom units. The current owner has renovated approximately 20% units and proven rent premiums of up to $150 / month.

Located on the northeast side of Indy, M Club residents enjoy exceptionally easy access to Castleton, Fort Benjamin Harrison, and Downtown Indy is only 20 minutes away. M Club (and the entire portfolio) is being offered free and clear.

For more information on the other properties available in the portfolio, click below:

Retreat Northwest Offering Memorandum

Aura Offering Memorandum

...
Sold
M Club
388 Units
7007 Courthouse Drive
Indianapolis, IN  46226
Closed: 1/27/2021