The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Pines of Wilmington, a 233-unit apartment community in Wilmington, NC. Bolstered by recent capital improvements and robust operational momentum, The Pines of Wilmington offers investors a potential 38% boost to annual NOI through completion of an underway, proven value-add program. The asset is firmly cemented in a strong apartment market that is primed to benefit from development expansion moving southward. Furthermore, The Pines of Wilmington is near the principal economic drivers and premier retail nodes of Wilmington – an MSA characterized by rapid population growth, an expanding employment nucleus, and attractive demographics.
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The Pines of Wilmington
233 Units
1002 Mayflower Drive
Wilmington, NC  28412
Type:  Multifamily
Closed: 3/11/2021
Sold
John D Minnis Building
6 Units
11 E High St.
Oxford, OH  45056
Closed: 3/5/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 108-unit multifamily value-add opportunity, The Studios at Uptown, located in Altamonte Springs, Florida. .

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The Studios at Uptown
108 Units
230 Loraine Drive
Altamonte Springs, FL  32714
Type:  Multifamily
Closed: 3/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Lullwater at Blair Stone, a 244-unit apartment community with top quality interior finishes and luxury amenities, strategically located in Tallahassee, Florida’s capital city. This asset is well positioned to benefit from the steadily growing employment base supported by acclaimed educational institutions, medical facilities, and a government presence. Located ten minutes southeast of Downtown, Lullwater at Blair Stone has quick access to the entire city, as well as being surrounded by a surplus of lifestyle amenities including diverse retail, numerous golf courses, and multiple recreational attractions. Furthermore, Lullwater at Blair Stone has proven out the ability to burn-off all concessions upon stabilization, providing the foundation for continued market rent growth as the asset has already demonstrated 2.5%+ growth since September.
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Lullwater at Blair Stone
244 Units
3501 N Blair Stone Road
Tallahassee, FL  32301
Type:  Multifamily
Closed: 3/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 236-unit Osprey Cove North apartment community located in Jacksonville, NC. The asset is strategically located two miles from Jacksonville’s 2nd largest employer, Air Station New River (18,100 jobs). The property has received a capital infusion of $1.17M over the past 3 years, prepping the community for a proven value-add initiative that could potentially boost the trailing 2-month NOI by 11%. With 28 new deliveries since 2014 and nearly zero deliveries projected through 2023, the lack of a development pipeline will continue to drive rent increases as Jacksonville’s low-risk, stable economy.
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Osprey Cove North
236 Units
118 Broadhurst Road
Jacksonville, NC  28540
Type:  Multifamily
Closed: 3/4/2021
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.

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Tampa & Orlando Value-Add Workforce Portfolio (5 properties, 1,011 units)
Addington Place
192 Units
4757 Silver Star Road
Orlando, FL  32808
Type:  Multifamily
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.

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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.

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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.

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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.

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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.

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