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Village at Westland Cove
240 Units
9635 Westland Cove Way
Knoxville, TN  37922
Closed: 10/22/2020
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AL 218 Portfolio (4 properties, 218 units)
Arlington Park
50 Units
135 Royal Drive
Madison, AL  35758
Closed: 10/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 353-unit Peppertree apartment community located in North Charleston, South Carolina. The asset is situated off Dorchester Road in close proximity to the top employment drivers in North Charleston where large investments have continually been made to expand and strengthen the Charleston job market. Built in 1983/1989, Peppertree offers an outstanding opportunity to see a 25% Return on Investment by completing the in-place value-add program, with 83% of units left to renovate generating proven premiums of $160. Peppertree also offers potential investors attractive assumable in-place agency financing with a low interest rate.
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Peppertree
353 Units
4640 Forest Hills Drive
North Charleston, SC  29418
Type: Conventional
Closed: 10/20/2020
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AL 218 Portfolio (4 properties, 218 units)
Plantation Garden
28 Units
1317 Sparknan Street NW
Hartselle, AL  35640
Closed: 10/20/2020
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AL 218 Portfolio (4 properties, 218 units)
River Valley
56 Units
217 Cedar Lake Road SW
Decatur, AL  35603
Type: Affordable Housing
Closed: 10/20/2020
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AL 218 Portfolio (4 properties, 218 units)
Windscape
84 Units
2220 Windscape Drive
Athens, AL  35611
Closed: 10/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 330-unit Indigo Park apartment community located in Baton Rouge, East Baton Rouge Parish, Louisiana. This institutional-quality asset boasts condo-quality amenities and over-sized floorplans, in addition to being located within one of Baton Rouge’s most affluent communities. The subject’s position relative to Bluebonnet Boulevard offers residents ease-of-access to numerous retail and employment hubs, L’Auberge Casino & Hotel, and a 10-minute commute to Louisiana State University.
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Indigo Park
330 Units
11959 Nicholson Drive
Baton Rouge, LA  70810
Type: Conventional
Closed: 10/19/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit, Marquis Gardens apartment community located in Durham, NC. Built in 1972, this asset received a capital investment of over $2 Million including a clubhouse remodel and 7 roofs replaced in 2018. The surrounding market indicates that potential investors can capitalize on a 400-unit value add program, as current rental rates trail recently renovated competitor properties by $200. Marquis Gardens provides residents, a diverse workforce ranging from manufacturing to global tech industries, with the best value in Durham. The growing infrastructure of Durham, muted submarket supply, and ease of accessibility to retail and jobs, provide a very positive future for potential investors.
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Marquis Gardens
400 Units
901 Chalk Level Road
Durham, NC  27704
Type: Conventional
Closed: 10/19/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 46-unit The Fountains at Kelly Mill townhome community located in affluent north suburban Atlanta, Forsyth County, Georgia. This asset is situated proximate to high-income employment centers in nearby Alpharetta and northern Fulton County. Delivered in 2017 with expansive floor plans and designer finishes, The Fountains at Kelly Mill is positioned to capture sustained organic rent growth in Atlanta's preeminent submarket expected to lead population growth through 2030.
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The Fountains at Kelly Mill
46 Units
545 Fountain Lane
Cumming, GA  30040
Closed: 10/19/2020

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 130-unit Aspen Chase apartment community located in Indianapolis, IN. This asset is strategically-located on the northwest side of Indianapolis giving residents convenient access to employers, the Indianapolis International Airport and booming downtown Indianapolis. Built in 1981, Aspen Chase offers an outstanding opportunity to invest in value add potential close to amenities and employers.

Aspen Chase is a 1980’s built, 130-unit, well-located apartment community on the northwest side of Indianapolis. The northwest rental submarket has been strong, with an average submarket occupancy rate of 93% and rent growth of 3.6% in 2018. The property’s occupancy is also strong, with current occupancy at 93.1%.

The community offers an attractive mix of one and two-bedroom flats and two and 3 bedroom townhomes. Constructed in 1981 by the respected developer the Gene B. Glick, the community consists of fourteen two-story apartment buildings situated on 10.05 wooded acres. In addition to its quiet, wooded setting, community amenities include a swimming pool with sun deck, two on-site laundry centers and available covered parking. Units feature attractive floor plans ranging in size from 700 to 1,200 square feet. Unit features vary by floor plan but include patios or balconies, walk-in closets, wood-burning fireplaces and outside storage closets. All townhome units include washer/dryer hookups.

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Aspen Chase at Eagle Creek
130 Units
5340 Acorn Lane
Indianapolis, IN  46254
Closed: 10/15/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Flats on 7th apartment community located in Raleigh, North Carolina’s burgeoning suburb of Garner. The property is surrounded by premier retailers and major thoroughfares, providing access to nearby employment hubs and a surging downtown. A recent $3.8 million capital infusion has prompted strong operational momentum and distinguished the asset as the foremost property of its vintage in the submarket. A lack of new supply, a rapidly expanding population, and the second highest occupancy levels across the market have created ideal rent growth conditions. Built in 1982 and renovated in 2018, Flats on 7th represents an outstanding investment opportunity for new ownership to capture $20,000 in immediate organic rent growth as old leases turn, while also capturing the projected 10% rent growth in the submarket over the next 3 years.
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Flats on 7th
136 Units
917 Seventh Avenue
Garner, NC  27529
Type: Conventional
Closed: 10/15/2020
Cushman & Wakefield is pleased to present Jacob Apartments, an excellent value-add investment opportunity featuring - 20 oversized apartment units consisting of 12 two-and 8 three bedroom units averaging 1,180 square feet. The area immediately surrounding the property has excellent demographics. Average income in a one mile radius is $80,000, using 25% of income attributable to rent the demographics the immediate support rents of almost $1,700. Nearby public schools are among the best in Broward County which makes the unit mix even more desirable for potential renters.
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Jacob Apartments
20 Units
10120 NW 36th Street
Coral Springs, FL  33065
Closed: 10/15/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are pleased to present the exclusive listing of the 52-unit Bonne Vie I apartment community located in Metairie, Jefferson Parish, LA. This asset is situated in the high barrier-to-entry Metairie submarket, characterized by limited new deliveries and strong organic rent growth. With such limitations on new multifamily due to the lack of developable sites, occupancy and rent have continued to increase, leading to a strong historical property performance. With demand for upgraded interiors in the submarket, Bonne Vie I is an excellent opportunity to acquire a true value-add investment.
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Bonne Vie I
52 Units
3105 Edenborn Avenue
Metairie, LA  70002
Closed: 10/14/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Inverness, a 208-unit apartment community located in Tuscaloosa, Alabama. This asset is situated in the growing Tuscaloosa submarket, which has attracted 2,700+ future jobs over the next 2 years and is grounded on two expanding pillars of The University of Alabama and the Mercedez-Benz plant. Inverness is arguably the most unique community in the area, the only property to offer home-like design and attached garages. Built in 1996, Inverness also boasts 54 renovated units ($75-$125 premiums) and the next investor can push this even further via targeted exterior enhancements. With a proven value add strategy and the most unique physical plant in "T-Town", Inverness has the potential to become a top-of-market asset.
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Inverness
208 Units
8816 Old Greensboro Road
Tuscaloosa, AL  35405
Closed: 10/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Residences at Diamond Ridge, a 336-unit apartment community located in Winston-Salem, North Carolina inside of the thriving Piedmont Triangle market, which ranked 7th in the nation for non-major market rent growth in the first quarter of 2020. The property’s strategic location within 10 minutes of the Triad’s most prominent employment and entertainment hubs will benefit from an economic evolution towards innovative fields of technology and medicine which is spurring the nationally recognized growth. Constructed in two phases (1962/1972), The Residences at Diamond Ridge represents a unique, large-scale investment opportunity, which has received over $1.2M in capital investment over the past 18 months and is now primed to realize a 71% increase to NOI through a targeted interior value-add program.
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The Residences at Diamond Ridge
336 Units
730 Anson Street
Winston-Salem, NC  27103
Type: Conventional
Closed: 10/9/2020
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.
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Legacy 384 Portfolio (2 properties, 384 units)
Legacy at Festival
184 Units
500 Festival Place
Montgomery, AL  36117
Type: Conventional
Closed: 10/7/2020
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire the Aliro Apartments (the “Property”) - an 869-unit value-add multifamily development located in North Miami, Florida. The Property is located along Biscayne Boulevard across from the $4 billion Sole Mia mixed-use development project. The Property’s central, east of I-95, Miami-Dade location is at the center of regional long-term growth. Aliro’s location is highly desirable to prospective residents due to its connectivity to major employment centers, education and medical hubs, and points of interest including numerous parks, malls, and beaches of the Atlantic Ocean.

Aliro offers a tremendous value-add investment opportunity because of its economies of scale, proven performance, and upside. Ownership has spent millions in recent capital improvements and has completed 338 in-unit renovations leaving 531 classic units available to be renovated by future ownership.

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Aliro
869 Units
14000 Biscayne Boulevard
North Miami Beach, FL  33181
Type: Conventional
Closed: 10/1/2020

Harrison Point is an exceptionally well-maintained workforce housing community located on Indianapolis’ suburban east side. While originally constructed in the late ’60s, the property has been significantly renovated and has the look and feel of a much newer community. New exterior vinyl siding, fresh exterior painting, all new roofs and wood decks, updated signage and newer windows provide excellent curb appeal.

The community is situated on 25+ acres with 8 two-story buildings and offers an attractive mix of studios, 1, 2 and 3-bedroom units. All units offer private entries in a popular courtyard style layout. Harrison Point offers its resident a full amenity site with onsite laundry facilities (machines owned by property), fitness center, sparkling pool, soccer field and newly built pavilions.

Harrison Point is located just east of I-465 on Post Road, a major commercial thoroughfare, with convenient access to I-70 and I-69. Numerous large employment centers are just minutes from the property. Residents enjoy a quick commute to downtown Indianapolis and to the popular northside of Indianapolis.

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Harrison Point
342 Units
9093 Bourbon Street
Indianapolis, IN  46236
Closed: 10/1/2020
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 26970 Call Avenue ("26970 Call" or the "Property"), a ±2.63 acre single family development site located in Hayward, California. Zoned for single family residences and currently comprised of 4 lots with 2 existing structures, the Property has the potential to be subdivided to approximately 10 residential lots. The existing lots are offered individually or as a bulk purchase, and the Seller is price-flexible with the appropriate bundling of lots. Within 15 minutes from three BART stations and Interstates 580 & 880, future residents of 26970 Call will enjoy widespread access to high paying jobs in San Francisco, Oakland, the Peninsula, Silicon Valley and the Tri-Valley.

Hayward’s central San Francisco Bay Area location and relative affordability are the major drivers of the city’s 40% increase of median home prices since 2015. Hayward’s increasing desirability among affluent Bay Area employees will continue to contribute to the city’s rising home prices and incomes. Median household income is projected to grow 14% to $100,271 annually by 2025, while the number of households earning more $150,000 annually is projected to grow 22% over that same time period. Known for its instant access to regional parks, along with peace and quiet, high income homeowners will continue to be attracted to the Hayward Highland neighborhood and everything 26970 Call has to offer. A rare opportunity in one of Hayward’s most sought after neighborhoods, 26970 Call will offer future residents a high quality of life while being well connected to major job markets throughout the San Francisco Bay Area.
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26970 Call Avenue
2.63 Acres
26970 Call Avenue
Hayward, CA  94542
Type: Land
Closed: 9/30/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Ansley at Princeton Lakes in Atlanta, Georgia. Ansley at Princeton Lakes provides a premier opportunity to acquire an institutionally maintained asset with market-proven premiums and substantial rental upside in a high-growth MSA. The property’s location directly adjacent to I-285 provides an ease of connectivity to all of Atlanta’s major job hubs, as well as being eight minutes from the Southeast’s largest jobs driver, Hartsfield-Jackson International Airport (63K+ jobs). The property is embedded in 1M+ SF of high-quality big box retail and surrounded by booming industrial development. Also, South Fulton’s lack of historical and future multifamily supply further bolsters Ansley at Princeton Lake’s continued prosperity.
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Ansley at Princeton Lakes
306 Units
3871 Redwine Road
Atlanta, GA  30344
Type: Conventional
Closed: 9/30/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 104-unit Vintage Creek apartment community located in Augusta, Richmond County, Georgia. This asset is situated in west Augusta, close to major retail and restaurant corridors. Built in 1972, Vintage Creek represents an outstanding opportunity to invest in a nearly untouched asset that is primed for renovation. Its central location gives Vintage Creek immediate access to over 50K Downtown employment opportunities and 25K Fort Gordon jobs.
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Vintage Creek
104 Units
1924 North Leg Road
Augusta, GA  30909
Type: Conventional
Closed: 9/29/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 156-unit Lexington Park apartment community located in northwest suburban Atlanta, Smyrna, Georgia. This asset has high accessibility off S. Cobb Drive and I-285, and is located within minutes of Cobb County's largest employment hubs (2 miles southwest of Dobbins Air Reserve Base and 4 miles west of the Platinum Triangle). Built in 1963, Lexington Park represents or offers an outstanding opportunity to invest in a well-located asset within a growing Cobb County submarket.
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Lexington Park
156 Units
2950 South Cobb Drive
Smyrna, GA  30080
Type: Conventional
Closed: 9/23/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Residences at Fayetteville, a 120-unit apartment community located in Fayetteville, North Carolina. The property is surrounded by the region’s prominent thoroughfares, which provide residents convenient access to the plethora of retail in the immediate area, as well as the largest employers in the city, including Fort Bragg. Built in 1969 and renovated in 2019, The Residents at Fayetteville offers an outstanding opportunity to invest in an asset with very little deferred maintenance after a recent $1M+ capital infusion. Furthermore, an extremely successful in-place multi-pronged value-add initiative is underway, presenting upside of a potential 20% boost in annual NOI.
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The Residences at Fayetteville
120 Units
600 Ashbrook Court
Fayetteville, NC  28314
Closed: 9/22/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit apartment community located in Cordova, Tennessee. This asset is situated in rapidly-expanding Shelby County, approximately 30 minutes from Downtown Memphis. Built in 2003, Villas At Cordova offers an outstanding opportunity to invest in this premier asset, with legitimate value add potential.
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Villas at Cordova
256 Units
8546 Prestine Loop
Cordova, TN  38018
Type: Conventional
Closed: 9/21/2020