Institutional Quality Asset within the Innovative Space Coast

Cushman & Wakefield, as exclusive advisor, is pleased to present Ascend at 95 - a 300-unit, Class A garden residential asset. The property is comprised of 12, 3-story garden buildings with a combined average unit size of 977 square feet. Appropriately named, Ascend at 95 is less than ½ mile from I-95 and directly visible to over 160,000 cars daily. Located on Florida’s Space Coast, the area is known for its dynamic job growth and access to some of the top tech and space innovators such as Lockheed Martin, Northrop Grumman, Blue Origin and L3 Harris. Completed in September 2019, the property sets the standard for luxury apartment living with market leading finishes and amenities.

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Ascend at 95
300 Units
110 Sagecrest Circle,
West Melbourne, FL  32904
Type: Conventional
Closed: 2/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit, Parkridge apartment community located in Graham, North Carolina. Centrally located between two of the fastest growing markets, Piedmont Triad/Research Triangle, residents are provided convenient access to multiple metros by way of I-40/I-85. Graham is known for its blue collar workforce, although recent additions in the professional and financial service sectors currently outpace national rates and continue to diversify and grow the local economy. Located in the Burlington submarket, Parkridge can expect to see another $100 in organic rent growth along with a 12% increase in HHI by 2023. Built in 1974, this community recently received a capital infusion of over $700,000 in exterior improvements, including all new roofs on the property. Parkridge represents an outstanding opportunity to invest in a premier asset of its vintage with a proven value-add program that is currently achieving premiums of up to $120 over standard units.
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Parkridge
100 Units
1013 Townbranch Road
Graham, NC  27253
Type: Conventional
Closed: 2/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is honored to present the exclusive listing of lilli Midtown, a boutique trophy high-rise strategically positioned in the heart of Midtown Atlanta. Lilli Midtown’s brilliant architecture and top-notch finishes attract an affluent demographic. This asset offers a luxurious lifestyle with sought-after culture while also being anchored by numerous office and retail developments with 11K+ new jobs arriving within three blocks over the next three years. This unique and exciting location is at the crosshairs of the prominent Peachtree Street and Ponce De Leon corridors. Situated at the epicenter of a highly dynamic and energetic area, lilli Midtown is poised for substantial growth.
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lilli Midtown
147 Units
693 Peachtree Street
Atlanta, GA
Type: Conventional
Closed: 2/18/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 10.849-acre Wesley Chapel Stouts Road Land Site located in Indian Trail, North Carolina. Only 2 properties within 3 miles have been delivered after 2000, one of which accomplished a 1 year lease-up with minimal concessions, providing developers a concrete example of the high demand for Class A apartment communities. Sheltered from future supply, the land is supremely positioned in the desirable town of Indian Trail - a region defined by affluent, dominant white collar employment, and exponential population and job growth.
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Wesley Chapel Stouts Road Land
10.85 Acres
Orr Road, Wesley Chapel-Stouts Road
Indian Trail, NC  28079
Type: Land
Closed: 2/13/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Flats at Arrowood, a 301-unit apartment community located in Southeast Charlotte, North Carolina. This asset is situated just south of South End, one of the strongest MSA submarkets in the nation. Current ownership has completed a massive capital infusion of $1.85M since March 2018, including the initiation of a majorly successful interior value-add program, seeing premiums up to $200 in effective rent. This unique investment provides investors the opportunity to capitalize on the capital infused over the past year, ability to draft off the South End corridor's rents, as well as very strong operational momentum set to see an NOI boost of 46% with the implementation of other income paths and the completion of the inplace value-add program.
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The Flats at Arrowood
301 Units
8508 Lodge S. Circle
Charlotte, NC  28217
Type: Conventional
Closed: 2/12/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 82-unit Petersburg Place apartment community in Northwest Augusta, Georgia, in the desirable suburb of Columbia County. With a strategic location along busy Riverwatch Parkway within six miles of downtown Augusta, the property offers quick accessibility to major employment, health care and retail centers. Home to some of the state’s best schools, Columbia County benefits from strong demand and rent growth, bolstered by extreme barriers, which have fueled the success of the subject’s in-place upgrade program. Built in 1985, Petersburg Place’s overall market position has been elevated with recent capital investments of over $1M and offers investors more revenue-generating upside as interior upgrades are completed.
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Petersburg Place
82 Units
3584 Riverwatch Parkway
Martinez, GA  30907
Type: Conventional
Closed: 2/11/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Fields Lakeview & The Fields Market Street apartment communities, 380 total units located in Greensboro, NC. Built in 1988, The Fields Lakeview offers a proven value-add program with current effective premiums boasting a $117 surplus, supporting great upside for completion of the interior upgrade initiative. Built in 1986, The Fields Market Street has received a similar upgrade program that is strongly supported by a $138 rental gap in comparison to the central submarket. Both properties are ideally located beside the Piedmont International Airport and between I-73 & I-40, providing connectivity to the area’s top employers and retail. With outstanding demographics and a minimal delivery pipeline, both properties are poised for sustained organic rent growth through a strong submarket that is outpacing the broader metro on nearly all economic metrics.
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Greensboro Value-Add Portfolio (2 properties, 380 units)
The Fields Lakeview
136 Units
101 Meadowood Street
Greensboro, NC  27409
Type: Conventional
Closed: 2/10/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Fields Lakeview & The Fields Market Street apartment communities, 380 total units located in Greensboro, NC. Built in 1988, The Fields Lakeview offers a proven value-add program with current effective premiums boasting a $117 surplus, supporting great upside for completion of the interior upgrade initiative. Built in 1986, The Fields Market Street has received a similar upgrade program that is strongly supported by a $138 rental gap in comparison to the central submarket. Both properties are ideally located beside the Piedmont International Airport and between I-73 & I-40, providing connectivity to the area’s top employers and retail. With outstanding demographics and a minimal delivery pipeline, both properties are poised for sustained organic rent growth through a strong submarket that is outpacing the broader metro on nearly all economic metrics.
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Greensboro Value-Add Portfolio (2 properties, 380 units)
The Fields Market Street
244 Units
1 Aspen Drive
Greensboro, NC  27409
Type: Conventional
Closed: 2/10/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of WILLIS Avondale Estates, a 197-unit mixed-use apartment community located in Avondale Estates, the rapidly urbanizing East node of Decatur, Georgia. Directly adjacent to Downtown Decatur and walkable to MARTA, WILLIS is in the path of growth as Downtown Decatur continues its natural extension along the East College Avenue corridor. Avondale Estates is an affluent node of Decatur offering an eclectic blend of authenticity and culture through its historic charm and collection of highly-rated restaurants and breweries. Ownership will benefit from Decatur’s favorable growth projections, as well as the unique tax abatement providing a notable cash flow boost.
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WILLIS Avondale Estates
197 Units
2702 E. College Avenue
Decatur, GA  30030
Type: Conventional
Closed: 2/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 249-unit Carriage House apartment community located in northwest suburban Atlanta, Smyrna, Georgia. This asset is situated on Windy Hill Road (31,500 VPD) between S. Cobb Drive and Atlanta Road in the Atlanta Braves’ booming home base of Cobb County, where a host of retail, restaurants, high-end mixed-use developments, and Class A office space construction (Fortune 500 Thyssenkrupp HQ) have sprouted following the opening of SunTrust Park in 2017. Built in 1964, the timing is right to begin an updated round of upgrades to further boost property performance in an affluent submarket with consistently high demand.
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Carriage House
249 Units
810 Windy Hill Road
Smyrna, GA  30080
Type: Conventional
Closed: 1/31/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 280-unit, Greenwood at Ashley River apartment community located in Charleston, SC. Embedded just outside of the peninsula in the heart of North Charleston, the property sits 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. With a massive infusion of +$4.3 Million and affluent demographics, Greenwood at Ashley River offers the chance to boost NOI by 20% with over 63% of units left to renovate generating proven premiums of $150+.
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Greenwood at Ashley River
280 Units
6520 Dorchester Road
North Charleston, SC  29418
Type: Conventional
Closed: 1/31/2020
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Parc Marin
32 Units
1441 Casa Buena Drive
Corte Madera, CA  94925
Closed: 1/31/2020
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Retreat at Panama City Beach
360 Units
90 Sandal Lane
Panama City Beach, FL  32413
Type: Conventional
Closed: 1/31/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Pearl Flagler Village – the premier midrise apartment community in the emergent Flagler Village neighborhood within Fort Lauderdale, Florida. Comprising 350 apartment homes, this 7-story multifamily building opened and began leasing in January 2019 and units have been quickly absorbed. The property is nearing the end of its lease-up – it is 83% leased and 73% occupied and is projected to stabilize by the end of December. With a 92 Walk Score the property has access to the rapidly expanding nearby amenities and the most active employment market in Broward County. Developed by Morgan Group, the property sets the standard for luxury apartment living with market leading finishes and amenities.

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Pearl Flagler Village
350 Units
400 NE 3rd Avenue
Fort Lauderdale, FL  33301
Closed: 1/30/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Trails at Cahaba River - 400 units located in Birmingham, AL. This asset is desirably situated along the thriving US-280 Corridor, one of the metro’s high growth areas with nearly 10M SF of top-tier retail and office space. Embedded near quality employment opportunities and upscale amenities, the community attracts a high quality resident profile. Current ownership has invested over $6.6M in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to initiate next-level upgrades. Built in 1987/1988, The Trails at Cahaba River offers the investor an outstanding opportunity to acquire a cash-flowing asset with proven value add upside far below replacement cost.
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The Trails at Cahaba River
400 Units
801 Cahaba Forest Cove
Birmingham, AL  35242
Type: Conventional
Closed: 1/29/2020

Warren Harbor Apartments built in 1971 is a 240-unit apartment community located on Indianapolis’ suburban east side. The community is situated on 26.1 acres that has 10 residential buildings, a very large clubhouse with an indoor pool, and vast greenspace. The property offers an attractive unit mix of 1, 2 and 3 bedroom garden style units. Directly off I-70 and I-465, Warren Harbor enjoys easy and convenient access to downtown Indianapolis, local restaurants and employment.

The current owner purchased the property in 2015 when the property was highly distressed and underperforming. During their ownership they have fully renovated 111 units and partially renovated 84 units. They also cured a number of major physical issues at the property including creating proper drainage, installation of new asphalt and new roofs. There is one building that remains down that contains 24 units which are gutted and not rentable.

The acquisition of Warren Harbour offers the new owner the opportunity the continue to stabilize the community and increase revenue by bringing all units online, continuing unit upgrades and enhancing the amenities.

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Warren Harbor
240 Units
2125 Yorkshire Court
Indianapolis, IN  46229
Closed: 1/24/2020

946 MLK is located on the campus of IUPUI providing walkability not only to the buildings of the University but also to the incredible perks of living downtown.

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946 MLK
20 Units
946 Dr. Martin Luther King Jr. St.
Indianapolis, IN  46202
Closed: 1/23/2020
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Kingstowne
384 Units
500 Oscar Loop
Newport News, VA  23606
Closed: 1/21/2020
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The Parkway
70 Units
1501 LaSalle Ave S
Minneapolis, MN  55403
Closed: 1/17/2020

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 620 units)
Attiva Court
180 Units
3210 S. Sandhill Rd.
Las Vegas, NV  89121
Type: Senior
Closed: 1/10/2020

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 620 units)
Attiva Valley View
344 Units
1600 S. Valley View Blvd.
Las Vegas, NV  89102
Type: Senior
Closed: 1/10/2020

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 620 units)
Attiva Winterhaven
96 Units
3300 Winterhaven St.
Las Vegas, NV  89108
Type: Senior
Closed: 1/10/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to announce the opportunity to acquire the 275-unit value-add apartment community located in Daytona Beach, Florida - Ridgecrest Park. Built in 1967, Ridgecrest Park offers an outstanding value-add opportunity to capitalize on a well-maintained community with 45 year ownership in a class "B" location with ability to raise rents over $272 through interior and common area renovation enhancements.

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Ridgecrest Park
275 Units
1400 South Nova Road
Daytona Beach, FL  32114
Type: Conventional
Closed: 1/9/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 88-unit Bent Creek Colony apartment community located in southwest metropolitan Atlanta, Fulton County, Georgia. Strategically situated less than four miles northwest of Hartsfield-Jackson International Airport, this 1970-built asset benefits from numerous employment drivers in the rapidly expanding Atlanta aerotropolis district. Bent Creek Colony offers an outstanding opportunity to invest in a strong-performer with proven value-add potential.
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Bent Creek Colony
88 Units
2039 Bent Creek Way SW
Atlanta, GA  30311
Type: Conventional
Closed: 1/8/2020