The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
...
Sold
The Avalon
240 Units
6000 Regal Estates Drive
Charlotte, NC  28212
Type:  Multifamily
Closed: 12/23/2020
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 Reserve of Byram
392 Units
350 Byram Drive
Byram, MS  39272
Closed: 12/23/2020
Cushman & Wakefield is pleased to present Urban Green Apartments, a 352 unit Class A apartment community in Urbana - Frederick, MD’s most exclusive rental market. The Property’s location proximate to the region’s most trafficked accessways, I-270 and I-70, provides direct connectivity to the largest economic engines in the greater Washington, DC MSA. Convenient access to tremendous employment in Urbana, Frederick, the I-270 Technology Corridor and Northern Virginia is creating sustained demand from an affluent renter base. Additionally, the Frederick County Public School System creates a significant draw for younger renters who are looking for the unique combination of a top-tier education system at a relatively affordable cost of living. This increased demand is creating strong apartment market fundamentals with effective rent growth in the submarket of 3.75% YoY in Q4 2019 and vacancy of just 3.94%. Urban Green’s exclusivity in the submarket and premier school district are driving the Property to grow Gross Potential Rent 4.34% over the year which is significantly outperforming the greater market. Property operations at Urban Green will remain strong moving forward due to a severely supply constrained development pipeline and projected annual effective rent growth of 3.08% in the Frederick submarket from 2020 to 2024.
...
Sold
Urban Green
352 Units
3300 Galena Drive
Frederick, MD  21704
Type:  Multifamily
Closed: 12/23/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
...
Sold
Southeast Value-Add 4 Portfolio (4 properties, 784 units)
Brighton Park
200 Units
9000 Watson Boulevard
Byron, GA  31095
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 76-unit Harvest Oak apartment community located five miles west of Downtown Atlanta in Fulton County, Georgia. This close-in infill asset is situated in rapidly developing Westside Atlanta - a swiftly evolving employment and entertainment hub with unparalleled access to all of Atlanta's major job centers. Built in 1960, Harvest Oak offers a well-located asset in a burgeoning district of the City with proven value-add potential.
...
Sold
Harvest Oak
76 Units
2948 Delmar Lane NW
Atlanta, GA  30311
Closed: 12/22/2020

A Trophy Residential High-Rise in Midtown Miami

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Midtown Five (the “Property”) – a 25-story, class-AAA high-rise in the center of master-planned Midtown Miami. Midtown Five is composed of 400 luxury residences with 23,312 square feet of ground floor retail that sit along Midtown Miami’s main thoroughfare. The Property has outperformed the market in occupancy and collections and is well positioned for continued success due to its top-of-the-market unit finishes, expansive amenity package, and its irreplaceable location with immediate walkability to the 645,000 square foot Shops at Midtown, multiple under construction office projects, and two proposed Brightline stations. Midtown Five presents an extremely rare urban Miami high-rise acquisition opportunity that is poised to greatly benefit a long-term investor through Miami’s continued growth towards a first-tier world-class city.

...
Sold
Midtown Five
400 Units
125 NE 32nd Street
Miami, FL  33137
Closed: 12/22/2020
Sold
The Monroe
223 Units
2511 Montopolis Drive
Austin, TX  78741
Type:  Multifamily
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 690-unit Park at Hurstbourne apartment community located in Louisville, Jefferson County, Kentucky. Louisville’s strong economic drivers are expected to see 40% employment growth over the next ten years. The asset’s excellent micro-location provides easy connectivity to major employers, including GE Appliance Park, home to over 6,500 jobs. Park at Hurstbourne has a superior amenity package that includes indoor and outdoor pools, an indoor basketball court and outdoor sports court, and a newly renovated clubhouse. Further, there is room to push rents through a tested interior value-add scenario. The property’s elite amenity package paired with an interior value-add scenario will propel the asset to the top of its submarket.
...
Sold
The Park at Hurstbourne
690 Units
6000 Big Ben Drive
Louisville, KY  40291
Type:  Multifamily
Closed: 12/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 504-unit Arden Pointe apartment community located in Montgomery, AL. This asset is situated in the growing Midtown submarket offering unmatched access to both Downtown and booming East Montgomery. Built in 1974, Arden Pointe is perhaps the most well-located 70’s vintage asset in Montgomery. Boasting 504 units, there is immediate scale at the property to harness operational efficiencies with massive value add potential.
...
Sold
Arden Pointe
504 Units
5600 Carmichael Road
Montgomery, AL  36117
Type:  Multifamily
Closed: 12/21/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Artisan Twickenham Square, 246 units in Huntsville, AL. The multifamily units can be purchased in conjunction with 56K+ SF of Publix-anchored retail in the adjoining development, including two ground floor spaces under the multifamily. The asset’s luxurious interiors, upscale amenities, and urban aesthetics cater to a markedly affluent profile, exemplified by an average household income of $130K+. Residents at the property benefit from immediate access to The Shops Twickenham Square which features boutique retail, eateries and the major grocery chain, Publix. The property sits just 2 blocks from Huntsville Hospital (9,000+ jobs), 1 block from Redstone Federal’s new 67K SF office building (400 jobs), and adjacent to the $250M Orthopedic and Spine Tower that will be completed in 2021. Built in 2014/2015, Artisan Twickenham Square has demonstrated impressive operational trends, providing new ownership a firm foundation for immediate growth in an irreplaceable location.
...
Sold
Artisan Twickenham Square
246 Units
700 Dorothy Ford Lane
Huntsville, AL  35801
Type:  Multifamily
Closed: 12/18/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 344-unit Harbor Pointe apartment community located Mount Pleasant, South Carolina. This generationally located asset is situated in the highly sought-after Charleston submarket of Mount Pleasant offering direct access to downtown Charleston, walkability to a plethora of retail, dining, and entertainment options, as well as access to the major economic drivers of Charleston. Built in 1987, Harbor Pointe offers an incredible opportunity to infuse the 32-acre property with capital to push rents over $300 and establish market presence in a top southeast location presenting high barriers to entry and untapped future potential.
...
Sold
Harbor Pointe
344 Units
331 Harbor Pointe Drive
Mt. Pleasant, SC  29464
Type:  Multifamily
Closed: 12/18/2020
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)
Planters Trace
96 Units
2222 Ashley River Road
West Ashley, SC  29414
Type:  Multifamily
Closed: 12/17/2020
Sold
The Sterling
107 Units
1303 West Juniper Avenue
Gilbert, AZ  85233
Closed: 12/17/2020
Sold
Village at the Gateway Phase 1A
135 Units
12506 Vimy Ridge Road
Alexander, AR  72202
Closed: 12/17/2020
Sold
Evergreens at Mahan
412 Units
901 Riggins Road
Tallahassee, FL  32308
Type:  Multifamily
Closed: 12/16/2020
Cushman & Wakefield, Inc., as exclusive advisor, is pleased to present The Villas On Fir, a brand new, best-in-class development with 290 residences in the heart Granger, Indiana. This unique opportunity allows new ownership to own a stabilized asset with powerful tenant and market demographics with an unmatched location in greater South Bend, Indiana. The area economy is not only powered by Notre Dame University but also by a health care and manufacturing scene that is one of the top in the nation. A professional, well-educated, renter dominated population fuels the demand for new, highly amenitized apartments in a market with record low vacancies, real rent growth and minimal new construction.

For access to confidential documents, please register at: villasonfir-cw.com
...
Sold
The Villas on Fir
290 Units
6205 N Fir Rd
Granger, IN  46530
Closed: 12/16/2020
Sold
Tremont at 22
270 Units | 600 Beds
22 Campbell Scenic Drive
Hattiesburg, MS  29401
Closed: 12/16/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive offering of Riverside Flats at Aberfoyle Village, a 102-unit, 2019-built community situated along the Catawba River in the burgeoning Charlotte suburb of Belmont. The property enjoys one of the most unique locations across the Charlotte metro, located minutes from the Charlotte-Douglas International Airport, with immediate access to I-85 and Highway 74 that provide direct access to Uptown Charlotte (135,000+ jobs). The immediate area is positioned along a path of progress in Belmont, a suburb defined by high incomes, impressive schools, and unparalleled quality of life. The historically underserved submarket has witness outsized multifamily rent growth in recent years and is projecting 18% growth through 2025, while occupancy levels remain at market leading levels. Bolstered by strong submarket fundamentals and recent operational momentum, new ownership has the opportunity to bridge a $200+ rent delta to submarket leaders through proven 2nd generation leasing momentum that has already captured $100 rent increases on select floorplans.
...
Sold
Riverside Flats at Aberfoyle Village
102 Units
1200 River Drive
Belmont, NC  28012
Type:  Multifamily
Closed: 12/11/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Broadstone Oceanside (the “Property”) – an iconic 8-story midrise located on Pompano Beach’s A1A and overlooking the Atlantic Ocean and Intracoastal Waterway. Developed by Alliance Residential, the irreplaceable asset opened in October 2019 and is comprised of 211 luxury apartment homes. The Property was meticulously designed to provide residents elegant unit features and resort-style amenity space, while also having direct access to the beach.

...
Sold
Broadstone Oceanside
211 Units
1333 S Ocean Boulevard
Pompano Beach, FL  33062
Closed: 12/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
...
Sold
The Kelston
310 Units
1207 Kelston Place
Charlotte, NC  28212
Type:  Multifamily
Closed: 12/10/2020

Cushman & Wakefield is pleased to offer CASA ANITA, a 224-unit, Class "B", garden-style apartment community located north of the northeast corner of McDowell Road and 83rd Avenue in Phoenix, Arizona. This location offers residents easy access to the I-10 and Loop 101 freeways, providing immediate access to entertainment, shopping, dining and employment in Phoenix and the West Valley.

Built in 1986, Casa Anita is a two-story community featuring a mix of one and two bedroom/two bath units in a park-like setting. Residents are offered numerous amenities including a swimming pool and spa, a gazebo with barbecue grill, lighted basketball court, a 24-hour fitness center, picnic area, children's playground, updated clubhouse with work/study desks, a laundry faciluty and covered parking. Unit interiors feature all-electric kitchen appliances, breakfast bars, custom closet designs, walk-in showers and tubs and private patios/balconies.

...
Sold
Casa Anita
224 Units
1801 North 83rd Avenue
Phoenix, AZ  85035
Type:  Multifamily
Closed: 12/9/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Mosaic at Miramar Town Center, a 487-unit core-plus opportunity located in Miramar, Florida. Developed in 2015, the property contains a unique mix of townhome and midrise units located within the 54-acre master planned Miramar Town Center – a “downtown” with office, retail and civic buildings. The property is well positioned for a new owner to benefit from a value-add program enhancing the unit interiors to include: hard -surface flooring in the bedrooms, new interior paint scheme, backsplash, upgraded refrigerator and technology package. Current ownership has modestly renovated approximately 30 units and has been achieving premiums of $100-200 for bedroom flooring and an additional $25 for new interior paint. There is an established onsite demographic with an average age of 37 and average household income of $104,519 creating a rent-to-income ratio of 21.3%. The location of Mosaic at Miramar Town Center offers the ultimate walkability with excellent access to surrounding jobs, retail amenities and major roadways. Within three miles of the property, there is in excess of 13.2M square feet of office/industrial space.

...
Sold
Mosaic at Miramar Town Center
487 Units
11575 City Hall Promenade
Miramar, FL  33025
Type:  Multifamily
Closed: 12/9/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Bridgewater - 334 units located in the rapidly expanding city of Huntsville, AL. Huntsville, arguably one of the hottest economic metros in the U.S., has added 14K+ jobs & $5B of capital investments since 2018. The asset is strategically positioned just north of Cummings Research Park (27K+ jobs) and Redstone Arsenal (40K+ jobs) and near high-end retail (Publix 0.5 miles). Constructed in 2008 with quality materials, Bridgewater is primed for a targeted value add campaign as it trails its competitive set by $175+. The asset is garnering heavy demand from the Huntsville rental market as it has remained 96% occupied with 8%+ effective rent growth over the past 12 months. Bridgewater offers the next investor a quality, well-located asset with market-backed value add upside and in-place organic rent growth.
...
Sold
Bridgewater
334 Units
1501 Old Monrovia Road
Huntsville, AL  35806
Type:  Multifamily
Closed: 12/8/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Legacy 384 portfolio, consisting of 384 units across two well-located assets in Montgomery, AL. Benefiting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410M and create 1,200 additional jobs to build a new light truck model in Montgomery. With proven rent premiums ($100) on renovated units, targeted capital can round out the existing value add program and improve the physical plants at each property to boost exit value. Built in 1977 & 1996, the Legacy 384 portfolio offers an outstanding opportunity to invest in two well-located assets with major value add potential. The assets can be purchased as a portfolio, or individually.
...
Sold
Legacy 384 Portfolio (2 properties, 384 units)
Legacy at the Lake
200 Units
1421 Stonehenge Road
Montgomery, AL  36117
Type:  Multifamily
Closed: 12/8/2020