Sold
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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Sold
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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Sold
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
Sold
Boston Cove, Victoria Place & Forrest Court (3 properties, 116 units)
Boston Cove
34 Units
828 Forrest Dr
Newport News, VA
Closed: 1/7/2020

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire Parcel 3B at Las Olas Square, a 15,277-SF site at the epicenter of Downtown Fort Lauderdale. The property has 70 linear feet of frontage along Las Olas Boulevard – the main entertainment and business corridor of Downtown Fort Lauderdale – and is directly adjacent to two of the area’s most iconic developments, Las Olas Square and Icon Las Olas. The liberal RAC – CC zoning allows for a variety of uses including residential, hospitality, office and retail.

The site is one the last remaining undeveloped single parcels in Downtown Fort Lauderdale and offers incredible connectivity and walkability to all of the world-class amenities that the area has to offer. With multiple projects underway and planned for Fort Lauderdale, the city is in the midst of an urban revival as the CBD is poised to experience a significant increase in its residential population. Parcel 3B at Las Olas Square presents a compelling opportunity for developers to purchase a trophy development site in Fort Lauderdale’s urban core.
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Parcel 3B at Las Olas Square
   
515 East Las Olas Boulevard, Suite 900
Fort Lauderdale, FL  33301
Closed: 1/3/2020
Sold
Park Blu
95 Units
2306 Fairfield Avenue
Fairfield, CA  94533
Closed: 1/3/2020
Sold
Park Viva
110 Units
1111 Alaska Avenue
Fairfield, CA  94533
Closed: 1/3/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Fiddlers Creek apartment community located in Winston-Salem, North Carolina. Given the proximity to major thoroughfares, residents can enjoy a short commute to downtown Winston-Salem, Hanes Mall and all of the region’s top employment. In addition to locational advantages, the submarket has seen 11% rent growth over the past 3.5 years and has no units proposed through 2021. The asset is sheltered from new competition and is set to continue strong rent growth trends. New ownership is presented with a unique investment opportunity to boost NOI by 62% through a multi-pronged value add approach totaling $355K in new revenue.
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Fiddlers Creek
160 Units
2180 Fiddlers Court
Winston-Salem, NC  27107
Type: Conventional
Closed: 12/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 95-unit apartment community located in Spartanburg, SC. Embedded just outside of downtown Spartanburg in one of city’s most popular neighborhoods, Village at Willow Lakes sits near the top employment centers in the Upstate area where large investments have continually been made to expand and strengthen the Upstate job market. With affluent demographics boasting $90,000 average HHI and 66% white-collar employment within a 1-Mile radius, Village at Willow Lakes offers the chance to boost NOI by 30% by completing a market driven value-add campaign set to achieve $100 premiums while still maintaining an extensive rent runway to key comparables in the submarket.
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Village at Willow Lakes
95 Units
2900 Reidville Road
Spartanburg, SC  29301
Closed: 12/31/2019
Sold
Place at Galleria
150 Units
1 Hampton Place
Hoover, AL  35216
Type: Conventional
Closed: 12/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Georgetown Crossing
168 Units
1015 King George Boulevard
Savannah, GA  31419
Type: Conventional
Closed: 12/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Kilburn Commercial Properties are pleased to present the exclusive listing of the 77.64-acre Saunders Street Land located in Raleigh, North Carolina. Situated along the I-40/Hwy 401 interchange, the property has access to Raleigh’s top employers and universities in a rapidly expanding MSA - projected to post 16% population growth through 2023. The property is barbelled between Downtown Raleigh and the South Raleigh opportunity zone, providing investors with tax benefits on capital gains while the vacant land sits in a favorable path of future growth and development.
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Saunders Street Land
77.64 Acres
2400 South Saunders Street
Raleigh, NC  27603
Type: Land
Closed: 12/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 93-unit Lake Ridge apartment community located in Apex, North Carolina. This affluent suburb outside of Raleigh boasts blue chip demographics that see a resident base of 80% white collar workers bringing home an average household income of over $130K. This unique asset with highly desirable townhome floorplans is walking distance to downtown Apex, and is one of only ten market-rate, garden style properties in Apex - and is the only asset built before 1997. Lake Ridge offers an outstanding value-add opportunity that would see rental premiums of $200, and ultimately see a 45% increase to NOI propped up by an affluent renter base that can support future rent increases.
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Lake Ridge
93 Units
501 West Chatham Street
Apex, NC  27502
Type: Conventional
Closed: 12/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 118-unit The Park at Peachtree Hills apartment community located in Atlanta, Fulton County, Georgia. This asset is situated in the burgeoning Lindbergh submarket of Buckhead, which is wedged between the Piedmont Road and Peachtree Road corridors with immediate access to GA Highway 400, Interstates 85/75, and MARTA transit. The superlative locale is flourishing with new upscale developments redefining the south Buckhead district. Built in 1965, The Park at Peachtree Hills offers a rare opportunity to invest in a value-add asset with an irreplaceable location in one of the most affluent rental markets in Atlanta.
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The Park at Peachtree Hills
118 Units
480 Peachtree Hills Avenue NE
Atlanta, GA  30305
Type: Conventional
Closed: 12/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Paces Brook
260 Units
113 Paces Brook Avenue
Columbia, SC  29212
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Palladian at Daphne - 120 units located within the affluent Daphne municipality of Mobile, Alabama. Baldwin County, the fastest growing county in the state, has garnered 53% population growth since 2000 and boasts a median HH income nearly 25% greater than the statewide statistic. Situated along the desirable Eastern Shore of Mobile, Palladian at Daphne enjoys an affluent resident profile and close proximity to quality retail and employment. The subject asset features massive, 1,800 SF average floor plans with 100% attached garages and ground floor entry, providing residents with "home style" living at a low cost per foot. Constructed in 2017, Palladian at Daphne offers the investor a newly delivered asset producing strong, stable cash flow in an A+ Daphne location.
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Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
Type: Build for Rent
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group, together with Avison Young, are pleased to present the exclusive listing of the Southeast 698 portfolio - three well-maintained assets located in desirable submarkets of Savannah, GA, Columbia, SC and Mobile, AL. The subject portfolio represents the opportunity to immediately establish a strong investment platform in top-tier Southeastern markets. Situated in prime locations with uptrending cash flows, these three assets are poised for powerful growth through proven value-add strategies and market-backed rental upside.
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Southeast 698 Portfolio (3 properties, 698 units)
Retreat at Schillinger
270 Units
1313 Schillinger Road South
Mobile, AL  36695
Type: Conventional
Closed: 12/19/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 280-unit, Lake Shore Village apartment community located in Columbia, SC. Embedded next to one of the largest transportation arteries in the city, I-77, Lake Shore Village sits in close proximity to the top employment centers in the area where large investments have continually been made to expand and strengthen the Columbia job market. With affluent demographics, Lake Shore Village offers the chance to boost NOI by 58% with over 93% of units left to renovate generating $50 premiums.
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Lake Shore Village
280 Units
7645 Garners Ferry Road
Columbia, SC  29209
Type: Conventional
Closed: 12/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Latitude @ The Commons apartment community located in Myrtle Beach, SC. Developed by Trammell Crow Residential, a multi-family development leader for over 40 years, Latitude @ The Commons is a timeless community offering best-in-class living and amenities. The only institutionally developed community in The Market Common, Latitude @ The Commons offers the most sought-after location in Myrtle Beach’s utmost upper-echelon lifestyle district, while offering residents immediate access to the Atlantic Ocean. Latitude @ The Commons offers new ownership the opportunity to purchase a core plus asset well below replacement cost in a market with dwindling supply compared to a population surge that is rivaling Charleston, SC, and well-surpassing coastal cities Savannah and Wilmington. Along with an outsized population growth comes a job market that is expected to outpace new deliveries by 20:1, priming the Myrtle Beach market for 14% rent growth through 2023 and a vacancy rate forecast to stay at 5%. Latitude @ The Commons is poised to generate average premiums of $145 by meeting the markets’ demand for high-end finishes and completing a Class-A renovation program bridging the rental gap between its competitors for which it currently trails by ~$200.
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Latitude @ The Commons
288 Units
2222 Crow Lane
Myrtle Beach, SC  29577
Type: Conventional
Closed: 12/18/2019

Downtown Coral Gables Location Along Miracle Mile
Fully Leased & Stabilized

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire The Mile (the “Property”) – a boutique, Class-AA, 120 apartment home high-rise located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2016 and owned and managed by Greystar, the Property consists of a mix of one-, two-, and three-bedroom units, along with 3,000 square feet of fully occupied ground floor retail. The Property has exceptional walkability to jobs, dining and nightlife within downtown Coral Gables, resulting in a Walk Score of 92. Further, within a one-mile radius of the Property is 8.3 million square feet of office space. The Mile’s offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high rise apartment community steps from the center of its most affluent and economically robust city.

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The Mile
120 Units
3622 Coral Way
Miami, FL  33145
Closed: 12/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 194-unit Weatherly Walk apartment community located in Fayetteville, Fayette County, Georgia. Fayetteville is strategically located in the Metro Atlanta area, one of the fastest growing metros in the country. Built in 1991, Weatherly Walk offers an outstanding opportunity to invest in a recently renovated property with room for an interior and exterior value-add to further increase rent growth.
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Weatherly Walk
194 Units
100 Knight Way
Fayetteville, GA  30214
Type: Conventional
Closed: 12/18/2019