The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Heights, 164 Class A+ units located within Alabama’s capital city of Montgomery, Alabama. The Heights truly embodies its name and is the pinnacle of apartment living in Downtown Montgomery, offering an irreplaceable riverfront location with urban walkability. The community is enveloped by some of the metro’s top job drivers, within 5 minutes from the Central Business District, Maxwell Air Force Base, and I-65. Montgomery itself has generated nearly $600 Million in capital investment and 2,700+ new jobs over the past two years. As the urban core continues to re-surge with new development, The Heights will benefit from a growing flow of millennial renters looking for a live-work-play atmosphere. There is a substantial lack of Downtown apartment supply, with zero units planned or under construction and Downtown living options being limited to boutique lofts.
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The Heights
164 Units
605 Maxwell Boulevard
Montgomery, AL  36104
Type: Conventional
Closed: 5/22/2019

Garden Pointe Apartments was originally built in 1973. The property received a very substantial renovation in 1992. At that time all windows, patio door and roofs were replaced. All units were fully upgraded in 1992 as well. The 1992 renovation included creating open concept kitchen layouts, adding washer / dryer connections to 50% of units (all second-floor units), new cabinetry, appliances, light fixtures and flooring. The current owner purchased Garden Pointe from a “distressed owner” in cooperation with their lender (since their loan was in default). At the time of their purchase the property has substantial physical need. The current owner has spent over $1.7M in the past year completing property renovations to bring all units back on line. One of the fourteen buildings (Building M) was down and has now been completely renovated. All 32 units in building M are now branded the LUX style and have high-end finishes that include quartz countertops, new wood cabinets, black appliances, nickel light and plumbing fixtures, paneled doors, vinyl plank flooring and a new trim package. These 32 units also received new HVAC systems, windows and patio doors.

In addition to the 32 LUX units, there are 12 units throughout the property that were previously down and now have all new interior unit finishes.

The acquisition of Garden Pointe Apartments offers a new owner the opportunity to continue to upgrade units and achieve rent premiums. Current rents trail the market by $25 - $105. The large clubhouse and expansive grounds allow for enhancements to the amenities in addition to upgrading the units.

Garden Pointe is being offered free and clear for an attractive price of $17,000,000 / $55,920 per unit.

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Garden Pointe
304 Units
5005 Lily Lane
Indianapolis, IN  46254
Type: Conventional
Closed: 5/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 16-unit 1294 Piedmont apartment building located in Atlanta, Fulton County, Georgia. This asset is situated across the street from Piedmont Park and the Atlanta Botanical Garden in the heart of Midtown. Highly walkable, Midtown has the highest density of art and cultural institutions in the Southeast, and its network of transit options, easily navigable streets, and well-lit sidewalks make walking and biking easy. Freshly modernized with luxury finishes, 1294 Piedmont represents a rare opportunity to invest in one of the most elite areas of Atlanta.
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1294 Piedmont
16 Units
1294 Piedmont Avenue
Atlanta, GA  30309
Type: Conventional
Closed: 5/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 66-unit Rio Vista apartment community located in close-in northeast Atlanta, DeKalb County, Georgia. This asset is situated along I-85N, less than 2 miles southeast of Buckhead, 1 mile east of Lindbergh, and 2 miles northwest of Emory’s ‘Eds & Meds’ employment corridor as well as the Briarcliff/North Druid Hills neighborhoods. Built between 1966-1973, this boutique asset presents a rare opportunity to collect long-term ROI in one of Atlanta’s most popular and thriving communities.
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Rio Vista
66 Units
2716 Buford Hwy NE
Brookhaven, GA  30324
Closed: 5/15/2019
Available Together or Separately

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire together or separately two core, suburban infill, garden apartment assets in Miami, Florida – Doral View and Town Fontainebleau Lakes. Both properties are each 360-units in 3-story garden design, which has become an increasingly rare and thinly traded building type due to available land. Completed in 2014 and 2016, Doral View and Town Fontainebleau Lakes were developed with the highest design standards. Both properties feature a mix of one-, two- and three-bedroom residences with expansive, state-of-the-art amenities and finish levels. Further, the properties have unmatched visibility with their location along the Dolphin Expressway and its 122,000 cars daily. This highway adjacent location has driven strong, qualified renter traffic seeking excellent connectivity to nearby major employment centers including Doral, Blue Lagoon, Florida International University (FIU), and downtown Miami.

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Doral View & Town Fontainebleau Lakes (2 properties, 720 units)
Doral View
360 Units
901 NW 97th Avenue
Miami, FL  33172
Closed: 5/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 684-unit Canopy apartment community located in Norcross, Gwinnett County, GA. This asset, situated along the rapidly expanding, and thriving I-85 Pathway of Progress, has 78% of its units renovated with upscale finishes and best-in-class, in-demand amenities. With the heavy lifting already complete, the next owner has an attractive, well-managed canvas to make additional enhancements to increase ROI. Built in 1987, Canopy represents an outstanding opportunity to invest in Northeast Metropolitan Atlanta’s premier expansion market of Gwinnett County, one of the fastest growing counties in the nation for more than two decades.
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Canopy
684 Units
1635 Pirkle Road
Norcross, GA  30093
Type: Conventional
Closed: 5/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit, Hawk Ridge apartment community in Winston-Salem, NC. Built in 1998, the property offers new ownership significant income upside from completion of a proven unit interior renovation program, and potential for a market-supported second phase of upgrades to push rents. Firmly cemented in a top-tier school system and demographic region ($90,000 HHI 3-mile radius), Hawk Ridge offers seamless connectivity by way of I-40 and US-158 to the premier retail and major employers of Winston-Salem - a metro defined by continued growth and a dwindling unemployment rate.
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Hawk Ridge
168 Units
400 Hawk Ridge Drive
Winston-Salem, NC  27103
Type: Conventional
Closed: 5/9/2019

Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Avana Cypress Creek, a 220 unit multifamily asset located in Broward County. The property was delivered in 2009 at the start of the current development cycle. The property represents a first generation value-add opportunity with a continuation of a light renovation program enhancing unit interiors. Current ownership has started renovating the units and is achieving average premiums of $70. With well-designed floorplans and direct-access garages in 36% of the units, Avana Cypress Creek is poised to better compete with the newer assets which were recently delivered in the market. The current upgrades include vinyl-plank flooring, backsplash, Nest thermostats and other in-unit upgrades. The property is located adjacent to Florida’s Turnpike, providing excellent exposure and connectivity to South Florida’s largest employment centers of Cypress Creek, Sunrise, Plantation and Boca Raton.

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Avana Cypress Creek
220 Units
1700 South State Road 7
North Lauderdale, FL  33068
Type: Conventional
Closed: 5/8/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Footprints on the Bay (the "Property") a 96-unit garden-style apartment community located in Monterey, California. Situated in a highly sought after coastal market, Footprints on the Bay is Monterey’s second largest multifamily property and provides residents convenient access to the region’s diverse employers such as the Naval Post Graduate School, Community Hospital of Monterey Peninsula, Cal State Monterey Bay, Dole Fresh Vegetables Company and Pebble Beach Resorts.

Footprints on the Bay was built in 1972 and is situated on 4.32 acres of mature, landscaped grounds. The well-amenitized property has a favorable unit mix of 8 Studios, 44 one-bedroom units and 44 two-bedroom units. Footprints on the Bay has the added benefit of an existing condo map. 116 former apartment units have been sold off as condos. Although current ownership has diligently maintained the asset, no units at Footprints on the Bay have undergone a modern renovation program. With the opportunity to invest in an asset repositioning, an investor can execute on a market proven value-add strategy and unlock the tremendous upside potential of Footprints on the Bay.

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Footprints on the Bay
96 Units
300 Glenwood Circle
Monterey, CA  93940
Type: Conventional
Closed: 5/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
Savannah Creek
204 Units
385 Nail Road East
Southaven, MS  38671
Type: Conventional
Closed: 5/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
The DeSoto
253 Units
1000 Sutton Place
Horn Lake, MS  38637
Type: Conventional
Closed: 5/3/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Commons at Fort Mill, 144-unit apartment community. Delivered in 2009, The Commons at Fort Mill is located in the heart of the thriving Rock Hill / Fort Mill submarket, located just minutes from Fort Mill and Charlotte MSA’s top employers. The property is defined by an exceptional demographic base including an average HHI of over $109,000 within a one-mile radius and 76% white collar employment. Supported by steady operations, The Commons at Fort Mill is setup to bridge the +$275 delta in effective rents to market competitors through a layup value-add initiative, poised to generate premiums of $175.
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The Commons at Fort Mill
144 Units
221 Embassy Drive
Fort Mill, SC  29715
Type: Conventional
Closed: 5/2/2019

211-219 W 4th St is a unique, fully entitled, redevelopment opportunity located in Downtown Cincinnati. The current owner has full construction drawings and building p

ermit to construct 40 -1BR apartments, 2 retail storefront spaces along with lower level parking spaces. This property is located in the southwest section of the CBD which is currently experiencing substantial growth in both residential, retail and office development.

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211-219 W Fourth St
40 Units
211-219 W Fourth St
Cincinnati, OH  45202
Type: Conventional
Closed: 5/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 649-unit Louisiana Portfolio, which includes four apartment communities. Two of the properties are located in the New Orleans metro and two are in the Lafayette metro. The immediate submarkets provide healthy demographic support due to the excellent regional connectivity and key Louisiana employers. With Louisiana catalyzed by heightened economic activity, population and job growth are projected to continue for the foreseeable future. Louisiana was recently ranked 2nd in the South for economic development and 4th best state in the US for small business. This portfolio represents the opportunity to immediately establish a strong platform in three high-profile Louisiana markets.
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Louisiana 4 Portfolio (4 properties, 649 units)
Colonial Manor
48 Units
7373 Jefferson Highway
Harahan, LA  70123
Closed: 4/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 384-unit Enclave Blythewood apartment community located in the Columbia, SC MSA. Delivered in two phases (2008/15), Enclave Blythewood features high-quality design available significantly below replacement cost. Reinforced by favorable operations, the property is poised for a potential 50% NOI boost driven by a multi-faceted value-add program. Ideally located in North Richland County's affluent and rapidly expanding economic core, Enclave Blythewood is within two miles of 2,600 current jobs and 1,825 recent new jobs announced. Continued employment growth coupled with minimal supply positions Enclave Blythewood to enjoy the benefits of a tightening rental market.
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Enclave Blythewood
384 Units
2051-2 Blythewood Crossing Lane
Blythewood, SC  29016
Type: Conventional
Closed: 4/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Galleria 3 Portfolio, an 825-unit value add portfolio centralized in the desirable Hoover municipality of Birmingham, Alabama. The portfolio is comprised of three communities: The Park at Galleria (431 units), The Place at Galleria (150 units), and The Renaissance at Galleria (244 units). Hoover is ranked the 4th best place to live in Alabama (Niche, 2018), boasting a state ranked school system, affluent demographics, and heavy barriers to entry for multifamily. The municipality also offers access to over 10,000 jobs and 2.8 million square feet of quality retail, along with a healthy pipeline of new economic development. Delivered between 1972 and 2002, The Galleria 3 Portfolio offers proven value add upside and heavy operational upside, both of which can create massive cash flow for the next investor.
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Galleria 3 Portfolio (3 properties, 825 units)
Park at Galleria
431 Units
550 Hampton Park Drive
Hoover, AL  35216
Type: Conventional
Closed: 4/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Park at Buckingham - 583 units located in Birmingham’s Homewood submarket, which is ranked #2 of Alabama’s top suburbs. Homewood maintains heavy restrictions on new multifamily development, resulting in zero under-construction units and less than 750 delivered units over the past 10 years. Residents at the subject property are afforded easy access to dense cores of quality jobs and upper echelon retail options. Constructed in 1972, The Park at Buckingham features substantial, untapped value add upside within the premier suburban district of Homewood.
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The Park at Buckingham
583 Units
114 Aspen Circle
Birmingham, AL  35209
Type: Conventional
Closed: 4/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Park at Callington and The Park at Carlyle, 1,233-units located in Birmingham, AL. This community is conveniently located less than 3 miles from a resurging downtown Birmingham and easily accessible to the state’s largest employers, entertainment districts, and demand drivers. The next investor will benefit from efficient property management and by taking advantage of economies of scale to enhance overall returns. Built between 1973-78, the properties present an outstanding opportunity to invest in value-add assets strategically positioned within a budding market.
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The Park at Callington & Carlyle (2 properties, 1,233 units)
The Park at Callington
604 Units
700 Aspen Drive
Birmingham, AL  35209
Type: Conventional
Closed: 4/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Park at Callington and The Park at Carlyle, 1,233-units located in Birmingham, AL. This community is conveniently located less than 3 miles from a resurging downtown Birmingham and easily accessible to the state’s largest employers, entertainment districts, and demand drivers. The next investor will benefit from efficient property management and by taking advantage of economies of scale to enhance overall returns. Built between 1973-78, the properties present an outstanding opportunity to invest in value-add assets strategically positioned within a budding market.
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The Park at Callington & Carlyle (2 properties, 1,233 units)
The Park at Carlyle
629 Units
200 Robert Jemison Drive
Birmingham, AL  35209
Type: Conventional
Closed: 4/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the South Central 8 Portfolio - 1,362 units located in Jackson, TN, Bowling Green, KY, Horn Lake, MS, and Southaven, MS. Each asset is located within minutes of quality retail. With prime locations and stable cash flows, these eight assets offer an outstanding opportunity to invest in a proven value-add program and are poised for powerful future growth.
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Centralized Southeast 8 (8 properties, 1,362 units)
Fairways at Hartland
240 Units
850 Wilkinson Trace
Bowling Green, KY  42103
Type: Conventional
Closed: 4/25/2019

The San Antonio Legacy 7 Portfolio is an exceptional opportunity to acquire well located and meticulously maintained value add assets in the San Antonio market. These properties have been owned and operated as an "all bills paid" portfolio by the current owner for over 36 years. The operating philosophy has been to keep the properties in top condition and fully occupied with a well-qualified resident profile. Rental rates are well below the market and new ownership can potentially increase income dramatically with value-add improvements and operational efficiencies.

All properties are located in mature infill locations that are difficult, if not impossible, to replicate, within Loop 410. Six of the seven properties have north side locations. Each asset has a history of high occupancy and none have been "upgraded" other than regular replacements.

This portfolio of 760 units represents a tremendous opportunity for investors to acquire a well-positioned and operationally efficient portfolio with a clear value add strategy. It could take years to assemble a similar group of properties with equivalent locations through individual acquisitions. These assets are unencumbered by existing debt and can be purchased individually or as a portfolio.

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San Antonio Legacy 7 Portfolio (7 properties, 760 units)
Four Seasons
46 Units
1779 Nacogdoches
San Antonio, TX  78209
Type: Conventional
Closed: 4/24/2019

The San Antonio Legacy 7 Portfolio is an exceptional opportunity to acquire well located and meticulously maintained value add assets in the San Antonio market. These properties have been owned and operated as an "all bills paid" portfolio by the current owner for over 36 years. The operating philosophy has been to keep the properties in top condition and fully occupied with a well-qualified resident profile. Rental rates are well below the market and new ownership can potentially increase income dramatically with value-add improvements and operational efficiencies.

All properties are located in mature infill locations that are difficult, if not impossible, to replicate, within Loop 410. Six of the seven properties have north side locations. Each asset has a history of high occupancy and none have been "upgraded" other than regular replacements.

This portfolio of 760 units represents a tremendous opportunity for investors to acquire a well-positioned and operationally efficient portfolio with a clear value add strategy. It could take years to assemble a similar group of properties with equivalent locations through individual acquisitions. These assets are unencumbered by existing debt and can be purchased individually or as a portfolio.

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San Antonio Legacy 7 Portfolio (7 properties, 760 units)
Greenwich Village
70 Units
215 Jackson-Keller
San Antonio, TX  78216
Type: Conventional
Closed: 4/24/2019

The San Antonio Legacy 7 Portfolio is an exceptional opportunity to acquire well located and meticulously maintained value add assets in the San Antonio market. These properties have been owned and operated as an "all bills paid" portfolio by the current owner for over 36 years. The operating philosophy has been to keep the properties in top condition and fully occupied with a well-qualified resident profile. Rental rates are well below the market and new ownership can potentially increase income dramatically with value-add improvements and operational efficiencies.

All properties are located in mature infill locations that are difficult, if not impossible, to replicate, within Loop 410. Six of the seven properties have north side locations. Each asset has a history of high occupancy and none have been "upgraded" other than regular replacements.

This portfolio of 760 units represents a tremendous opportunity for investors to acquire a well-positioned and operationally efficient portfolio with a clear value add strategy. It could take years to assemble a similar group of properties with equivalent locations through individual acquisitions. These assets are unencumbered by existing debt and can be purchased individually or as a portfolio.

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San Antonio Legacy 7 Portfolio (7 properties, 760 units)
Herweck House
34 Units
231 Herweck Drive
San Antonio, TX  78006
Type: Conventional
Closed: 4/24/2019

The San Antonio Legacy 7 Portfolio is an exceptional opportunity to acquire well located and meticulously maintained value add assets in the San Antonio market. These properties have been owned and operated as an "all bills paid" portfolio by the current owner for over 36 years. The operating philosophy has been to keep the properties in top condition and fully occupied with a well-qualified resident profile. Rental rates are well below the market and new ownership can potentially increase income dramatically with value-add improvements and operational efficiencies.

All properties are located in mature infill locations that are difficult, if not impossible, to replicate, within Loop 410. Six of the seven properties have north side locations. Each asset has a history of high occupancy and none have been "upgraded" other than regular replacements.

This portfolio of 760 units represents a tremendous opportunity for investors to acquire a well-positioned and operationally efficient portfolio with a clear value add strategy. It could take years to assemble a similar group of properties with equivalent locations through individual acquisitions. These assets are unencumbered by existing debt and can be purchased individually or as a portfolio.

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San Antonio Legacy 7 Portfolio (7 properties, 760 units)
Tara
234 Units
8051 Broadway
San Antonio , TX  78209
Type: Conventional
Closed: 4/24/2019