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Cushman & Wakefield, as exclusive advisor, is pleased to present a core-plus investment opportunity to acquire Advenir at Biscayne Shores, a 240-unit garden community in North Miami Beach, Florida. The property is one of only two garden assets that has been built since 2010 that is located east of I-95 in Miami-Dade County. Originally built in 2014, ownership has been in the midst of in-unit upgrades – adding quartz countertops, stainless-steel appliances, hard-surface flooring, and tile backsplashes. There is considerable upside to complete the renovations across all units. As a newly-built property it represents unique garden-style living as opposed to the other mid-rise and high-rises built in the area during the current development cycle. The property is located just off of Biscayne Boulevard, and is minutes from the major employment hubs of Downtown Miami and Aventura with over 23.6 million square feet of office space.
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Advenir at Biscayne Shores
240 Units
12016 NE 16th Avenue
Miami, FL  33161
Type:  Multifamily
Closed: 4/27/2023
Cushman & Wakefield is pleased to offer 2825 Wynwood, a 0.96± acre landmark development opportunity strategically positioned at the corner of NW 29th Street and NW 2nd Avenue, Wynwood’s most prominent thoroughfares. Wynwood is globally recognized as Miami’s premier arts and entertainment epicenter. Known for its incredible public murals, trendy restaurants and world-class nightlife, Wynwood has attracted keynote employers such as Spotify, Founder’s Fund, Atomic and OpenStore, who are helping to transform it into Miami’s leading live, work and play environment.

2825 Wynwood is zoned to permit a broad range of uses including residential, retail, hospitality and office, among others. Zoning allows building heights up to 8 and 12 stories (with bonuses) on the southern and northern portions of the site, respectively. The permitted “by-right” residential density is 150 units per acre. (Density can be increased 50% to 225 units per acre through Trust Fund contributions). The property is ideally situated for intense mixed-use development designed to optimize its Main and Main location at the heart of Wynwood.
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2825 Wynwood
0.96 Acres
2825 NW 2nd Avenue
Miami, FL  33127
Type:  Land

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Station 21 (the “Property”) - a Class A, 90-apartment home, luxury low rise residential community located in Hialeah, Florida. The property is available to be acquired upon receiving its certificate of occupancy which is slated for Q1-Q2 2023.

Ownership will guarantee new first time leases with average rents of $1,900 for the 36 one bedroom units, $2,200 for the 9 smaller sized two bedrooms and $2,300 for the 45 larger sized two bedroom units if they are engaged to lease the units on behalf of a new owner.

The property is strategically located adjacent to the Hialeah Metrorail Station. The Hialeah Metrorail Station operates from 5am to midnight and provides an 18 minute commute to Downtown Miami; 5 minutes to the Tri-Rail/Metrorail Transfer Station and 17 minutes to the Miami International Airport Station.

Station 21 apartments is being offered for the first time by its developers, Prestige Builders, and presents a rare opportunity to acquire a new construction, Miami-Dade apartment garden community in a centralized location with exceptional connectivity and accessibility.

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Station 21
90 Units
102 E 21st Street
Hialeah, FL  33010
Closed: 4/3/2023
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Oak Enclave – a 420-unit, low-density midrise multifamily development in institutionally coveted Miami-Dade County. Oak Enclave was completed in 2022 and, through its exceptional market reception, is on pace to stabilize in early 2023. The Property sits on over 13 acres of land that presents an oasis like setting with uniquely rare green space and mature native canopy in new midrise construction. Oak Enclave was built with highly efficient well-appointed units that help allow rents to be attainable to a broader section of the professional population compared to competing luxury properties. Paired with the Property’s highway and Tri-Rail connectivity, which allow for shortened commutes to the region’s top employment centers, Oak Enclave represents an exceptional choice for renters that will become increasingly coveted as the Miami MSA continues to expand.
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Resia Oak Enclave
420 Units
2301 NW 167th Street
Miami Gardens, FL  33056
Closed: 12/30/2022
Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Solaire Coconut Creek, a 270-unit garden-style asset located in Coconut Creek, Florida. Originally built in 2014, Solaire Coconut Creek offers the opportunity for unit interior upgrades, new white cabinetry, new quartz countertops and tiled backsplash. Over the last few years, Solaire Coconut Creek has received an infusion of capital invested into the property including adding vinyl plank flooring to the bedrooms and living areas as well as completely renovating the clubhouse and leasing office. Solaire Coconut Creek is perfectly positioned to implement this renovation program and compete with the new product in the submarket.
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Solaire at Coconut Creek
270 Units
5401 Wiles Road
Coconut Creek, FL  33073
Closed: 12/21/2022
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present The Boutique, a fully renovated 43-unit community located at 8000 NE Bayshore Court in Miami, Florida.

The property is ideally located within the Shorecrest neighborhood of Miami which provides easy access to Biscayne Blvd, the Mimo District and Miami Beach. The property was fully renovated in 2007 and has been kept in pristine condition ever since. The units offer outstanding finishes and are available at significantly below replacement cost. The Boutique is ideally located one block from the Intracoastal and offers an investor significant rental upside potential. With recent new leases signed at $1,350 for studios, there is over $90k in income upside.

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The Boutique
43 Units
8000 NE Bayshore Court
Miami, FL  33138
Type:  Multifamily
Closed: 11/16/2022
Cushman & Wakefield is pleased to present the opportunity to acquire Lake Cecile Townhomes, a 72- unit, concrete block townhome rent community located in Kissimmee, Florida (the “Property”). The Property was built between 2009 and 2014 and consists of nine buildings with oversized townhome layouts averaging 1,643 square feet totaling 36 three-bedroom and 36 four-bedroom units. The Property’s amenity set includes resort-style pool, clubhouse/leasing office, and basketball court, which is a rarity for boutique townhouse communities. Lake Cecile is available below replacement cost. The property offers immediate upside through eliminating 1) loss to lease and 2) value add improvements; Loss to Lease • In place rents are under market. The property has consistently operated at 100% occupancy due to the low rents. In place effective rents are $1,446 or $0.88 per square foot. Market rents are $1,800 for three bedroom and $2,000 for four bedroom townhomes with a blending market rent of $1,900 or $1.16 per square foot. There is over $454 per unit per month or $390k per year in loss-to-lease upside by moving rents to current market levels. Value Add • The property provides excellent value-add upside opportunity. Implementing a value-add program on the 72 units at an estimated cost of $10,000 per unit can provide $200 per unit in additional rental upside totaling over $170,000 in income upside.
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Lake Cecile TownHomes
72 Units
4750 Everglades Circle
Kissimmee, FL  34746
Closed: 10/31/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire BLUME (the “Property”) – a boutique, Class-AAA, 100-apartment high-rise community located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2019 and owned by 37 Gables Property LLC, an affiliate of Greystone, the Property has large floorplans - almost 900 square feet - with a mix of lofts, one-, and two-bedroom units, along with 6,191 square feet of ground floor retail.

The Property provides an exceptional location with proximity to jobs, dining, and nightlife within downtown Coral Gables. Within a one-mile radius of the Property there is 8.9 million square feet of office space. Blume is offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high-rise apartment community with a unique boutique feel, only moments from the center of its most affluent and economically robust city.

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Blume Coral Gables
100 Units
1501 SW 37th Avenue
Miami, FL  33145
Closed: 10/10/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire Manor Broken Sound – South Florida’s premier 297 apartment home asset located in Boca Raton, Florida. The property is comprised of a six-story midrise and two-story villas with garages and has a combined average unit size of 1,118 square feet. Manor Broken Sound is centrally located in the heart of the Park at Broken Sound and provides immediate access to 8.8 million square feet of office and industrial , making it one of South Florida’s most dynamic live and work environments. The property opened in February 2022 and was developed by nationally recognized Related Group.
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Manor Broken Sound
297 Units
5400 Broken Sound Blvd NW
Boca Raton, FL  33487
Closed: 9/8/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire the 340-unit Blue Isle, located in Coconut Creek Florida. The property features a mid of one- and two-bedroom units spread across 21+ acres for a low-density site plan of only 16 units per acre. Over the past 10 years, Blue Isles has received an infusion of capital invested into the property including the full renovation of 21 units. With only 9% of the units renovated, the property is perfectly positioned to implement a significant renovation program on the remaining units and increase rents with premiums in excess of $300 per month.

Located in Central Broward, Blue Isle is uniquely positions with access to most of South Florida’s top employment markets. Residents are only minutes away from Florida’s Turnpike and I-95, providing quick commutes to major employment markets such as Boca Raton (17.7M SF), Cypress Creek (8.2M SF), Sunrise/Plantation (12.7M SF) and the Fort Lauderdale CBD (10.1M SF).
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Blue Isle
340 Units
5100 West Sample Road
Coconut Creek, FL  33073
Closed: 10/6/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Elan Ruby Lake, a 372-unit garden-style apartment community located in Orlando, Florida (the "Property"). Completed in 2022, the Property is situated on 16.8 acres adjacent to Lake Ruby on the west side of Interstate-4.

Elan Ruby Lake features 10 three and four-story residential buildings and a community clubhouse. The average unit size of the apartment homes is 962 s.f. across one, two, and three-bedroom floor plans. Unit interiors feature stainless steel appliances, quartz countertops, built in closet systems, kitchen islands, and natural hardwood plank-style flooring. The Property boasts an impressive amenity package including two swimming pools, a state-of-the-art fitness center and yoga studio, an outdoor game lounge, a business hub with flexible work-spaces, an outdoor kitchen with BBQ stations, an on-site pet spa and dog park, a media and clubhouse game room, 24/7 package lockers, two bocce ball courts, a fitness track, and property-wide walking paths among other offerings.

The Property offers immediate access to a surplus of lifestyle amenities including extensive retail and recreational offerings with more than 1.7 m.s.f. of retail within one mile. Additionally, the Property is ideally positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f. of office space, and adjacent to Interstate-4, providing easy access to a diverse set of major employers throughout the Orlando MSA.

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Elan Ruby Lake
372 Units
9950 Elan Circle
Orlando, FL  32836
Closed: 7/7/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Ancora, a 289-unit Class A apartment community located in Orlando, Florida (the "Property"). Completed in 2018, the Property is situated on 16.5 acres in the core of Orlando’s tourist corridor.

Ancora features two four-story residential buildings with first and second-floor common areas. The average unit size of the apartment homes is 969 s.f. across one, two, and three-bedroom floor plans. The Property features best-in-class amenities including a 24-hour two-story fitness center with yoga studio, Fitness-On-Demand, and boxing zone, infinity pool with summer kitchen and cabanas, resident game room with billiards and virtual golf simulator, theater room, business center, kid’s room, dog wash and spa, electric car charging stations, and package concierge among other community offerings.

The Property is located along iconic International Drive, offering residents immediate access to an unmatched set of shopping and dining attractions, first-class resorts, theme parks, and golf courses. Additionally, the Property is well-positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f of office space, and in close proximity to Interstate-4, providing direct access to a wide range of employment hubs throughout the Orlando Metro Area.

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Ancora
289 Units
10107 Ancora Circle
Orlando, FL  32821
Type:  Multifamily
Closed: 7/1/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Core Link at Douglas (the “Property”) – a 312-unit, 22-story, FGBC Silver (pending) class-AAA highrise adjacent to the Douglas Road Metrorail station and Coral Gables’ esteemed Merrick Park neighborhood. A Phase II sister tower, the 421-unit Cascade will deliver in late summer 2022 and further enhance the master-planned living experience of residents with the addition a 22,000 square foot Milam’s Market on its ground floor.

Strategically positioned at the nexus of four mature and affluent neighborhoods, the Property’s highly desirable combination of high-rise Biscayne Bay views, asset quality, expansive amenities, walkability, and TOD access in this coveted submarket have attracted superb resident demographics with average household incomes near $250,000. Core Link at Douglas represents a rare opportunity to acquire a newly completed, transit-oriented, class-AAA high-rise in one of the highest barrier-to-entry and most affluent submarkets in Miami.
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CORE Link at Douglas
312 Units
3060 SW 37th Avenue
Miami, FL  33133
Closed: 12/6/2022
Cushman and Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the recently completed Altis Miramar (320 apartment homes) and Altra Miramar (330 apartment homes). Both properties represent the newest resident experience in Miramar and feature thoughtfully crafted unit layouts with finish levels and amenities that set the market standard for best-in-class living. They are also walkable to a brand new 57,000 square foot retail center featuring, Starbucks, Five Guys, World of Beer and Pediatric Associates.

Altis Miramar features a 3-story design with direct access units and attached garages in 56% of the units while Altra Miramar is a 5-story design with 75 tuck under garages. Both assets feature a mix of one, two and three-bedroom residences with an average unit size of 1,059 square feet at Altis Miramar and 951 square feet at Altra Miramar.

The properties are located directly across the street from Miramar Park of Commerce which features over 5 million square feet of office. They are less than two minutes from the Florida Turnpike providing an easy commute to the surrounding employment nodes of Miami, Doral, Ft. Lauderdale, Plantation and Sawgrass Corporate Office Park. Altis Miramar and Altra Miramar are being offered to the market for the first time by it developer, nationally recognized Altman Companies.

THE PROPERTIES CAN BE PURCHASED INDIVIDUALLY OR TOGETHER.
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Altis Miramar & Altra Miramar (2 properties, 650 units)
Altis Miramar
320 Units
11385 SW 30th Court
Miramar, FL  33025
Closed: 7/29/2022
Cushman and Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the recently completed Altis Miramar (320 apartment homes) and Altra Miramar (330 apartment homes). Both properties represent the newest resident experience in Miramar and feature thoughtfully crafted unit layouts with finish levels and amenities that set the market standard for best-in-class living. They are also walkable to a brand new 57,000 square foot retail center featuring, Starbucks, Five Guys, World of Beer and Pediatric Associates.

Altis Miramar features a 3-story design with direct access units and attached garages in 56% of the units while Altra Miramar is a 5-story design with 75 tuck under garages. Both assets feature a mix of one, two and three-bedroom residences with an average unit size of 1,059 square feet at Altis Miramar and 951 square feet at Altra Miramar.

The properties are located directly across the street from Miramar Park of Commerce which features over 5 million square feet of office. They are less than two minutes from the Florida Turnpike providing an easy commute to the surrounding employment nodes of Miami, Doral, Ft. Lauderdale, Plantation and Sawgrass Corporate Office Park. Altis Miramar and Altra Miramar are being offered to the market for the first time by it developer, nationally recognized Altman Companies.

THE PROPERTIES CAN BE PURCHASED INDIVIDUALLY OR TOGETHER.
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Altis Miramar & Altra Miramar (2 properties, 650 units)
Avalon Miramar Park Place
330 Units
2750 SW 113 Lane
Miramar, FL  33025
Closed: 7/29/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire Heron Landing, a 144-unit community featuring 100% two-bedroom units. The property features an expansive average unit size of 1,053 square feet with a unique unit mix of all two-bedroom units. Built in 1988, the property is perfect positioned for new ownership to implement a significant value-add renovation program as well as an opportunity to enhance the unique amenity spaces.

Located at Pine Island Road & Commercial Boulevard, the property is perfectly situated just minutes from the Sawgrass Expressway, allowing for quick commutes to the other major thoroughfares throughout Broward. This will allow residents to easily commutes to the area's major employment centers including Sawgrass Corporate Park, Plantation, Cypress Creek, Boca Raton and Downtown Fort Lauderdale.
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Heron Landing
144 Units
5280 NW 88th Avenue
Sunrise, FL  33351
Type:  Multifamily
Closed: 9/16/2022