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
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 298-unit Reserve at 1200 & 1404 apartment communities are located in Albany, Dougherty County, Georgia. These assets are situated in the desirable Northwest Albany area along arterial corridor, Whispering Pines Rd, which quickly connects residents to the market’s premier retail and major job hubs. Built in 1979, Reserve at 1200 & 1404 represent an outstanding opportunity to invest in a moderately renovated, value-add primed asset, poised to benefit from several new jobs coming in the next 12 months, including a brand new hospital (350 jobs) and Georgia-Pacific’s new lumber plant (230 jobs). *This portfolio is operated by a special servicer.
...
Sold
Reserve at 1200 & 1404
298 Units
1404 Whispering Pines Rd & 1200 Kingtown Ct
Albany, GA  31707
Type:  Multifamily
Closed: 1/27/2021

Retreat Northwest Apartments, 336 units on Indy’s far north side, is being offered for sale both individually or 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 Retreat Northwest as a stand-alone property is also an excellent option. Built in 1973, Retreat Northwest has a very attractive unit mix with 21% one bedroom units, 32% two bedroom / two bath units, 42% two bedroom townhomes/lofts and 5% three bedroom units.

The current owner has renovated approximately 60 units and proven rent premiums of up to $170 / month. Retreat Northwest also has newer roofs , windows and patio doors replaced in 2013-2014. Located on Indy’s far north side, Retreat Northwest offers its residents access to excellent schools and is conveniently located near employment, retail and services. The property (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

Aura Offering Memorandum

...
Sold
Retreat Northwest
336 Units
1130 Racquet Club N. Drive
Indianapolis, IN  46260
Closed: 1/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit Waterford Place at Mt. Zion apartment community located in Stockbridge, Metro Atlanta, GA. This asset is situated in one of the nation’s leading counties for multifamily rent growth throughout the pandemic, Clayton County, currently ranked 10th in the U.S. The area’s growth is propelled by a surge in jobs and industrial growth, making the area a prominent manufacturing and logistics hub. With few interior renovations completed, there is an excellent opportunity to dramatically increase rents through an interior value-add program. Built in 1995 & 2005, Waterford Place at Mt. Zion represents an outstanding opportunity to invest in a significant value-add asset in one of the nation’s fastest growing counties.
...
Sold
Waterford Place at Mt. Zion
400 Units
3196 Mount. Zion Road
Stockbridge, GA  30282
Type:  Multifamily
Closed: 1/27/2021
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 2-property portfolio Planters Trace and Sandover located in Charleston, SC. Both mid-70s build assets are located in fundamentally strong and growing submarkets of Charleston, driven by the plethora of employment opportunities and recent heavy investment into the area. The portfolio presents the opportunity to boost NOI by 31% as 95% of the units are still available for the in-place value-add program, generating proven premiums ranging from $55-$300+.
...
Sold
Planters Trace & Sandover (2 properties, 233 units)
Sandover
137 Units
4381 Gwinnett Street
North Charleston, SC  29418
Type:  Multifamily
Closed: 1/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Jackson 560 Portfolio which consists of two assets in Jackson, MS’ best suburbs. The Gables (168 units) features above market rents in the highly sought-after suburb of Ridgeland which maintains “A” ranked schools and $90K+ incomes (5-mile radius). With 392 units, The Reserve of Byram presents the next investor the opportunity to own 44% of the Byram submarket. Each property benefits from quick access to Downtown Jackson and the MSA’s premiere retail pockets in East Jackson and the Madison/Ridgeland Corridor via I-55 and presents immediate opportunity to boost rents $100-$150 through value add campaigns. Built in 2003 & 2000/2006, the Jackson 560 Portfolio presents an outstanding opportunity to invest in value add assets with convenient access to jobs/retail. The assets can be purchased individually or as a portfolio.
...
Sold
Jackson 560 Portfolio (2 properties, 560 units)
The Gables
168 Units
880 William Boulevard
Ridgeland, MS  39157
Type:  Multifamily
Closed: 1/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 112-unit Bellevue Mill Apartments located in Hillsborough, NC. The asset offers a unique opportunity to acquire the Managing Membership interest in a recently restored cotton mill apartment community completed through Historic Tax Credits. Listed on the National Register of Historic Places, Bellevue Mill is strategically located in a highly educated and high income market within the Triangle MSA. With $18.5M completed in construction and renovation costs, new ownership will be able to capitalize on a solid foundation established through a successful lease up in a supply constrained market with high barriers to entry. With an exceptional location and positive supply-demand dynamics in the Hillsborough/Chapel Hill multifamily market, Bellevue Mill is an attractive investment opportunity that will continue to enjoy organic rent growth as market fundamentals normalize.
...
Sold
Bellevue Mill
112 Units
206 South Nash Street
Hillsborough, NC  27278
Type:  Multifamily
Closed: 1/15/2021
Sold
Monticello Estates
32 Units
2300 College Ave
Monticello, AR  71655
Closed: 1/15/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 272-unit Veridian at Sandy Springs apartment community located in Sandy Springs, Fulton County, GA. Fronting Roswell Road, Veridian at Sandy Springs is situated within Atlanta’s affluent North Fulton submarket, one of Atlanta’s largest employment bases and corporate office markets. The property underwent an extensive renovation in 2013-2014 and is now primed for a light value-add program. Thanks to high barriers to entry in the submarket, there is also limited new multifamily development in the area. Built in 1980, The Veridian at Sandy Springs represents an outstanding opportunity to invest in a value-add opportunity in a high-barriers submarket with limited new supply.
...
Sold
Veridian at Sandy Springs
272 Units
1800 Windridge Drive
Atlanta, GA  30350
Type:  Multifamily
Closed: 1/14/2021