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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove, a 66-unit, 2022-constructed build-to-rent community located just 11 miles from downtown Tuscaloosa, AL. The Grove is the first purpose-built detached BTR community in the Tuscaloosa MSA. The property benefits from being one of two BTR assets in a supply constrained market, where average annual rent growth the past three years is 5%+. The property sits 11 miles from downtown Tuscaloosa and the University of Alabama which is the fastest growing college in the nation boasting $2.8B in economic impact in Tuscaloosa. The community features 100% 4 & 5 BR detached homes averaging 2,143 SF, attached garages, private fenced yards and premiere unit features offering residents a quality home with professional property management efficiencies. Arriving to market nearly stabilized, the community is poised to be a rent leader in a market with limited new supply of conventional multifamily and institutionally developed BTR communities.
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The Grove at Glen Ridge
66 Units
12898 Grove Circle
Moundville, AL  35474
Closed: 9/26/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 46-unit Parkwood Duplexes community located in the booming Oklahoma City MSA. This asset is situated in the Moore submarket, a high-growth suburb of OKC, which has seen explosive, 6.9% rent growth over the past 12 months. The asset is also highlighted by a proposed, market-backed value-add campaign, where C&W projects the next investor will be able to achieve $175 premiums over in-place rents. Built in 1984, Parkwood Duplexes offers an outstanding opportunity to invest in a stable duplex asset with a market-proven value-add opportunity in one of Oklahoma City’s most attractive suburbs.
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Parkwood Duplexes
46 Units
1224 Parkwood Ct
Moore, OK  73160
Type:  Multifamily
Closed: 9/12/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Park Ridge, a 122-unit Build-to-Rent townhome community in Myrtle Beach, SC on a forward sale transaction. The property is strategically located in the nation’s fastest growing city, boasting 32% population growth since 2011. Situated in the market’s primary recreation node, Park Ridge offers unbeatable access to the area’s top retail and entertainment, including the 162-acre North Myrtle Beach Sports Complex and the east coast’s largest wake park next-door. Myrtle Beach’s rapidly expanding millennial and boomer demographic bases highlight the submarket’s unique ability to support unprecedented growth within the Build-to-Rent space, as skyrocketing home-ownership costs and limited supply continue to price prospective home-buyers out of the market. Delivering in 2023, the Class-A community will feature best-in-class finishes and amenities, appealing to the area’s established tenant base who desire the conveniences of single-family living without the burdens and increasing financing costs of ownership. Market comparables and submarket projections outline the property’s vast rent potential (almost $2,400 at first CO), and highlight incoming ownership’s opportunity to acquire a differentiated, high-quality asset at an extremely attractive basis.
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Park Ridge
12 Units
Champions Blvd
Myrtle Beach, SC  29577
Closed: 7/9/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Oak Tree, a 55-unit, 2023-built build-to-rent community located in the high-growth Chelsea suburb of Birmingham, AL. This asset is well-positioned in the rapidly expanding city of Chelsea, which was recently recognized as the 3rd fastest growing city in Alabama, as well as the fastest growing city within the Birmingham MSA. The Birmingham MSA has shown tremendous performance in the SFR/BTR space, boasting 7.6% rental growth so far in 2023, ranking fourth in the entire country amongst all major metro areas. Built in 2023, Oak Tree is fully delivered and offers a top-of-the-line quality product built by the nation’s largest home builder, poised in a high growth suburban corridor less than a 30-minute drive from the Birmingham central business district (35K+ Jobs).
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Oak Tree
55 Units
1000 Oak Tree Blvd
Chelsea, AL  35043
Type:  Multifamily
Closed: 6/24/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Timber Leaf, a newly delivered 92-unit Build-to-Rent (BTR) community located in the low-supply, high-growth Bessemer submarket of the Birmingham AL MSA. Timber Leaf is well-positioned just minutes away from some of the metro’s biggest upcoming economic developments, most notably the upcoming $400M UAB Medical West Hospital development which delivers in 2024 (1,000+ jobs) and the upcoming $1.1 Billion Smucker’s facility which delivers in 2025 (750+ jobs). The Bessemer submarket has captured a big chunk of the metro’s job growth especially in the industrial space. Fully delivered in 2023, Timber Leaf offers an outstanding unit mix of 3-5BR detached single family homes with large floorplans (2,017 avg SF) and brick/hardi exteriors. The asset benefits from being the only BTR asset in an under-supplied submarket, which has experienced 5%+ rent growth YOY for the last 5 years. Timber Leaf arrives to market with a strong lease up (73% pre-leased occupancy) and embedded organic rent growth for the next investor.
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Timber Leaf
92 Units
5636 Timber Leaf Loop
Bessemer, AL  35022
Closed: 6/10/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit Hillcrest Village apartment community located in Springdale, AR. Hillcrest Village is attractively situated just west of the I-49 corridor, walking distance from Arvest Ballpark, home to the AA affiliate of the Kansas City Royals, The Northwest Arkansas Naturals. Springdale rests in the heart of the booming NW Arkansas MSA, which is home to 3 Fortune 500 Companies – Walmart, JB Hunt and Tyson Foods. Tyson’s headquarters sits just 2 miles NE of the property, supplying 3,000+ corporate jobs and is 1 of the 3 top US poultry producers located in the city. Hillcrest Village is also uniquely positioned within the fast-growing NW Arkansas healthcare hub with Arkansas Blue Cross/Blue Shield, Arkansas Children’s Hospital NW, Highlands Oncology and Mercy Health all within a 5-minute commute. Still under development, Hillcrest Village offers an outstanding opportunity to invest in a well-located and highly desirable BTR product in one of fastest growing markets in the nation.
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Hillcrest Village
157 Units
2958 Cornell Dr
Springdale, AR  72762
Closed: 4/18/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villas at North Park, a 87-unit, 2023 build-to-rent community located in the thriving and undersupplied Kingsport market. Villas at North Park arrives to the market as a one-of-a-kind build-to-rent community located in desirable Northwest Kingsport. Embedded in the Villas at North Park community, the asset boasts high-end construction with a combination of upscale finishes and quality amenities. Residents at the property benefit from being within minutes of top employers (Eastman Chemical, Kingsport City School System, and Welmont Health System) and just moments from big box retailers such as Walmart and Lowe’s. Property performance also benefits from the under supplied Kingsport multifamily market, with less than 1,000 units delivered to the area since 2010.
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Villas & Gardner (2 properties, 153 units)
Gardner Village
66 Units
203 Mickelson Pl
Gray, TN  37615
Type:  Single-family
Closed: 3/28/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villas at North Park, a 87-unit, 2023 build-to-rent community located in the thriving and undersupplied Kingsport market. Villas at North Park arrives to the market as a one-of-a-kind build-to-rent community located in desirable Northwest Kingsport. Embedded in the Villas at North Park community, the asset boasts high-end construction with a combination of upscale finishes and quality amenities. Residents at the property benefit from being within minutes of top employers (Eastman Chemical, Kingsport City School System, and Welmont Health System) and just moments from big box retailers such as Walmart and Lowe’s. Property performance also benefits from the under supplied Kingsport multifamily market, with less than 1,000 units delivered to the area since 2010.
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Villas & Gardner (2 properties, 153 units)
Villas at North Park
87 Units
1504 Quartz PL
Kingsport, TN  37660
Type:  Single-family
Closed: 3/28/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Kipling, a 118-unit Built-To-Rent (BTR) community located in Baldwin County (Foley), AL. Kipling arrives to market as one of the region’s premier single family, detached BTR communities in Baldwin County. The asset is located in the rapidly expanding Foley submarket, recently ranked the highest-growth pocket in Baldwin County. With pristine beaches less than 12 minutes away ($5B+ economic impact) and retail-attractions within a short drive, Kipling offers residents a desirable, single-family suburban lifestyle.

Fully delivered in 2023, the community features a desirable unit mix of 3-5 BR detached homes averaging 1,777 SF, attached garages, private fenced yards & top-of-the-line technology packages. Lease-up performance is strong as average loss-to-lease is less than 1%. Submarket rent growth has averaged 5%+ annually since 2017 while occupancy remains at 95%. Kipling offers new ownership an outstanding opportunity to acquire a sizeable BTR asset in AL’s fastest growing county.

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Kipling
118 Units
7959 Mandalay
Foley, AL  36535
Type:  Multifamily
Closed: 3/22/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 247-unit Soncel at the Lakes apartment community located in Kingsland, Camden County, Georgia. This asset is situated in the strategically-located I-95 corridor, within driving distance of the ports of Brunswick, Jacksonville, and Savannah as well as having rail access throughout the County. Built in 1990 through 2018, Soncel at the Lakes represents an outstanding opportunity to invest in a proven value-add property seeing $200+ rent premiums with the ability to usher in an additional ~$400 premiums by bringing renovations up to market comparables. Residents of Soncel at the Lakes benefit from close proximity to one of the area's major employers (SE Georgia Health Systems - Camden Campus, 2,200 jobs), top Camden County schools, and ease of travel to Jacksonville, Florida's robust job economy (830K workforce pool).
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Soncel at the Lakes
247 Units
140 Lakes Boulevard
Kingsland, GA  31548
Closed: 1/4/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, an 86-unit, 2023-constructed Build-to-Rent (BTR) community located in the thriving and undersupplied Pace submarket. Boracay Cove’s strategic location in the Pensacola market offers residents convenient access throughout the area via US-90 & Interstate-10. The asset is located less than 2 miles away from many major retailers such as Target and Publix. As well as being a top submarket of Pensacola, Pace has experienced 7%+ YoY population growth. Fully delivered in 2023, Boracay Cove offers a rare unit mix of 4 & 5 BR detached single family homes with large floorplans (1,741 avg SF). Lease up performance is outstanding as Boracay Cove has experienced an average of 20 leases per month in May/June. Boracay Cove offers new ownership an outstanding opportunity to acquire a rare high-performing BTR asset.
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Boracay Cove
86 Units
4765 Malay Circle
Pace, FL  32571
Type:  Multifamily
Closed: 12/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Myrtle Landing, a 144-unit townhome community located in the rapidly-growing city of Wilmington, NC. Situated on a sprawling 50-acre site with tranquil pond views, the low-density (2.84 Units/AC) asset features high-end coastal-inspired design, expansive floorplans and an unrivaled amenity package including a full chip-and-putt, brand-new pickle ball court, multiple ponds and community gardens. Homes in the submarket are selling in the millions, allowing Myrtle Landing to act as an excellent rental alternative for the growing number of residents priced out of home ownership. The region has seen considerable population growth in recent years while new supply has lagged, allowing consistent rent growth and steady occupancy. Myrtle Landing’s long-term desirability is bolstered by its increasingly affluent micro-location ($150K+ Avg. HHI On-Site) and seamless access to the city’s top amenities and employers via adjacent Highway-421. Nearby rent comps including Grand View and Cottages at Riverlights provide up to $1,000 in headroom, highlighting incoming ownership’s outstanding opportunity to acquire one of the market’s highest-quality assets, offering a clear path to grow rents significantly through a mark-to-market leasing strategy.
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Myrtle Landing
144 Units
7220 Myrtle Grove Road
Wilmington, NC  28409
Type:  Multifamily
Closed: 12/1/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present Jennings Place, a 237-unit, class A, build-to-rent community in Pensacola FL, built by the nation’s largest builder, D.R. Horton. Jennings Place is located in Pensacola, ranked the #3 emerging multifamily market in the US. The asset is 1.5 miles from Navy Federal Credit Union’s (NFCU) $1B+ campus that is ahead of schedule to employ 10,000+ by 2026, and directly across from OLF-8, a 630-acre master plan initiative. The BTR community features 100% attached garage, private, fenced yards, top-of-market interior amenities, and smart technology packages. The proximity of NFCU’s expanding campus, the OLF-8 initiative, favorable leasing trends (19 new move-ins since the start of 2023 as of 2/13/2023), and high resident median HHI ($121K+) combine to make Jennings Place an outstanding opportunity to acquire a top of market BTR asset in a nationally ranked emerging market. The property was fully delivered in the last quarter of 2022, and is currently going through lease-up, with Ph. I currently occupied at 74%.
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Jennings Place
237 Units
5799 Frank Reeder Rd
Pensacola, FL  32526
Closed: 9/28/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, 86 units located in Pace, FL, and Monarch Place, 137 units in Pensacola, FL. These newly constructed build-to-rent (BTR) communities are located in two high growth suburbs of the Pensacola MSA (7% annual rent growth since 2018). Each asset is within minutes of thoroughfares (I-10, I-110 & US-90) thus providing residents convenient accessibility throughout the metro. Bolstered by limited rental supply of 4BR+ units and favorable submarket fundamentals, both assets arrive to market with outstanding lease-up trends (30+ combined move ins per month). Constructed in 2023, Boracay Cove and Monarch Place offer new ownership an outstanding opportunity to acquire strategically located, high performing BTR assets in high growth emerging markets.
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Boracay Cove & Monarch Place (2 properties, 223 units)
Monarch Place
137 Units
420 Monarch Lane
Pensacola, FL  32503
Type:  Multifamily
Closed: 9/28/2023

Build-To-Rent Product by Respected Builder

Avalon Bluff is a build-to-rent (BTR) community developed by Tempest Homes, a well-respected Great Lafayette-based company founded in 2002. Tempest Homes has an A+ Better Business Bureau Accreditation.

High Demand for BTR Communities

Demand for BTR communities has steadily increased as renters prefer the privacy and larger size of a home, without the burden of homeownership.

Affluent Resident Profile in High Growth Area

Avalon Bluff is primed for a high-level resident profile. Average household incomes within one mile of the community are $113K and are expected to increase by 18% over the next five years. Within a one-mile radius of the site, the population has grown by 50% since 2010.

Near Notable Medical & Education Employment

IU Health Arnett Hospital and Franciscan Health Lafayette East Hospital, among many other medical facilities, as well as Greater Lafayette's largest employer, Purdue University, are all within a 15-minute drive of Avalon Bluff.

Dynamic Greater Lafayette

The Greater Lafayette Area, a diverse community situated between Chicago and Indianapolis, is experiencing incredible growth and robust innovation. With new developments in both education, biotech, and aerospace, the area continues to be a top place to live and work.

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Avalon Bluff
93 Units
4754 Langhorn Trail
Lafayette, IN  47909
Closed: 9/20/2023
the Cushman & Wakefield Sunbelt Multifamily Advisory Group and National Senior Housing Capital Markets Group are pleased to announce the exclusive listing for the sale of Cottages at Celebration Village. Completed in 2022, the collection of 32 attached build-to-rent residences provides an active lifestyle for seniors and shared access to resort-style amenities at the adjacent senior living community, Celebration Village Forsyth. The Cottages are in an exceptionally affluent pocket of the North Atlanta Suburbs. Within a 7-mile radius, the average household income exceeds $175K with a median home value of $498K, and 15K seniors are 75+. Additionally, median home sales within the neighboring submarket of Johns Creek are even higher, exceeding $670k. The Cottages present an exceptional opportunity to acquire an active adult townhome community supported by impressive demographics and established senior population.
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Cottages at Celebration Village
32 Units
435 Reserve South Drive
Suwanee, GA  30024
Closed: 7/11/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Tidal Bluff, a 30-unit gated town home community located in Hilton Head Island, SC. Ideally located alongside scenic tidal marshes, the property is within walking distance to the beach and just minutes from top retail including Publix, Harris Teeter, Starbucks and more. The high-end submarket boasts top-tier demographics, with average HHI of $128k and average homes value of $770k. The asset offers near term stability through 2 master leases, guaranteeing 3.5%+ rent growth and 100% occupancy through 2025. Simultaneously, it offers dramatic rent growth potential, as nearby comps offer up to $2,500 in headroom. The waterfront site is zoned for additional density, allowing incoming ownership the opportunity to double the existing unit count. The island’s extremely high barriers to entry have resulted in less than 800 units delivered since 1990, highlighting Tidal Bluff as an exceptionally rare opportunity to invest in one of the Southeast’s most affluent and highly coveted coastal markets.
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Tidal Bluff
30 Units
5 Tidal Bluff Road
Hilton Head, SC  29926
Closed: 7/7/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Banks at Bridgewater, a newly constructed 252-unit Garden multifamily property, and Stepping Stone at Bridgewater, a 44-unit Built-to-Rent duplex community in Myrtle Beach, SC. Strategically located in one of the nation’s fastest growing cities, with 22% population growth since 2015, the assets are situated in the primary residential and recreation node, with access to top retail, entertainment, healthcare, and job centres. Myrtle Beach’s rapidly expanding population highlights its diverse demographics supporting strong multifamily and Build-to-Rent fundamentals, resulting in unprecedented rent and supply growth in both asset classes. Historically high home ownership barriers to entry is pricing potential buyers out of the market, further increasing demand for apartments and Build-to-Rent communities. Completed in 2020, Stepping Stone at Bridgewater offers spacious units, private driveways, attached garages, and features desirable modern finishes and neighborhood lifestyle. Adjacent, with expected final delivery by September, is The Banks at Bridgewater, presenting open floor plans with luxurious finishes and modern amenity package.
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The Banks & Stepping Stone at Bridgewater (2 properties, 296 units)
Stepping Stone at Bridgewater
44 Units
943 Lilyturf Circle
Little River, SC  29566
Closed: 12/2/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Banks at Bridgewater, a newly constructed 252-unit Garden multifamily property, and Stepping Stone at Bridgewater, a 44-unit Built-to-Rent duplex community in Myrtle Beach, SC. Strategically located in one of the nation’s fastest growing cities, with 22% population growth since 2015, the assets are situated in the primary residential and recreation node, with access to top retail, entertainment, healthcare, and job centres. Myrtle Beach’s rapidly expanding population highlights its diverse demographics supporting strong multifamily and Build-to-Rent fundamentals, resulting in unprecedented rent and supply growth in both asset classes. Historically high home ownership barriers to entry is pricing potential buyers out of the market, further increasing demand for apartments and Build-to-Rent communities. Completed in 2020, Stepping Stone at Bridgewater offers spacious units, private driveways, attached garages, and features desirable modern finishes and neighborhood lifestyle. Adjacent, with expected final delivery by September, is The Banks at Bridgewater, presenting open floor plans with luxurious finishes and modern amenity package.
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The Banks & Stepping Stone at Bridgewater (2 properties, 296 units)
The Banks at Bridgewater
252 Units
719 Lantern Walk Drive
Little River, SC  29566
Type:  Multifamily
Closed: 12/2/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
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Florida 5 Portfolio (4 properties, 466 units)
Bridge Harbor
124 Units
401 Rhett's Loop
Callaway, FL  32404
Closed: 10/4/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
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Florida 5 Portfolio (4 properties, 466 units)
Indigo
140 Units
5984 Gulf Breeze Parkway
Gulf Breeze, FL  32563
Type:  Multifamily
Closed: 10/4/2022
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