Golden Memories and Club Manor are age restricted senior communities that were built by a local Indiana developer. For many years the properties were highly occupied, well maintained and produced significant cash flow. As legacy assets, both properties were inherited by the developer’s children. In subsequent years, as management structures changed, the properties have struggled to perform resulting in lender foreclosures.
Golden Memories and Club Manor offer a new owner the opportunity to acquire two well located properties with enormous potential for improvements and increases in revenue and value. Properties may be purchased individually or together as a portfolio.
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Camellia Trace and Cherry Grove - 592 units located in Jackson, Madison County, Tennessee. These two assets are located in desirable neighborhood settings and have proven, inplace, value-add programs with increasing cash flows. Built in 2002 and 1996, Camellia Trace and Cherry Grove offer rare opportunities to place sizable capital into a growing market with strong yield.
Cushman & Wakefield is pleased to offer JEFFERSON CHANDLER, a brand new 283-unit Class "A", gardenstyle luxury rental community located in Chandler, Arizona near Chandler Fashion Center, with easy access to restaurants, shopping, entertainment and recreation. Jefferson Chandler features a mix of studio, one, two and three bedroom floor plans and superior amenities. Nearby are top-rated schools, medical centers, parks,movie theaters, golf courses, major employers and office parks, and many shopping and dining options. The property’s location is 1 mile away from the Loop 101/Loop 202 freeway interchange, connecting residents to the rest of the Metro Phoenix area.
Completed in 2018 by JPI, a premier national multifamily developer, Jefferson Chandler combines a high quality suburban location with a high level exterior design, a superior amenity package, top-of-the-line interior finishes and excellent floor plans to create a true best-in-class multifamily community.
Residents can take advantage of Jefferson Chandler’s resort-style swimming pool, poolside cabana, outdoor firepit, grilling stations with lounge seating, putting green and ramada, clubhouse with social business hub, game room with billiards, high-tech fitness facility, yoga studio, storage units, off-leash pet park and pet spa. Jefferson Chandler is an elevator-served (4-story building only), gated community with covered parking, available attached/detached garages and open spaces for guest parking.
The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Jefferson Chandler’s spacious floor plans feature 9-foot ceilings, designer-inspired interior color schemes, wood-look plank flooring, quartz countertops in kitchens and baths, chef-inspired kitchens with stainless steel appliances, undermount sinks, kitchen backsplashes, washers/dryers and exterior storage space. Select units include dual vanities in bathrooms, walk-in showers, kitchen islands, walk-in closets and private patios/balconies with french doors.
Pheasant Run is a 2002 built property located in a desirable infill location that benefits from limited nearby competition. While well maintained, the property has largely original finishes and amenities and offers the ability to increase revenue with untapped renovation opportunities. The existing unit layouts and features can be easily enhanced and result in premiums of more than $110-$330 / month. With 9-foot ceilings, each floorplan offers spacious living areas and washer/dryer hook ups.
Located in Warren Township, on the southeast side of Indianapolis, Pheasant Run enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants, employment and medical facilities.
Offered Free and Clear, the property’s stable financial performance will allow for the most competitive and attractive new debt structure.
Pheasant Run can be purchased individually or as part of a 600 unit, 3 property portfolio to include English Village – 208 Units and Echo Ridge 208 Units.
All three properties are located on the south eastside of Indianapolis and a portfolio purchases offers economies of scale.