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RARE REO SALE - VALUE-ADD INVESTMENT OPPORTUNITY 249-UNIT CLASS-A MULTIFAMILY ASSET COMPLETED IN 2018 - ANN ARBOR, MI

Cushman & Wakefield, Inc., as exclusive advisor, is pleased to present the opportunity to acquire The George – Ann Arbor’s newest, mid-rise apartment community. Achieve compelling investment returns through a lease-up and stabilization play, in a submarket with a 4% vacancy rate and strong projected rent growth.

INVESTMENT HIGHLIGHTS

Ranked the 6th Most Innovative City by USA Today, a Top 10 State in Aerospace by PWC, and home to 9 of the 10 largest R&D facilities in the country

Designed to serve top-tier talent being attracted to Ann Arbor’s growing high-tech, bio-tech, and health services industries such as Google, the University of Michigan Medical Center, and St. Joseph Mercy Hospital

1.8 miles from the University of Michigan’s 30,000 employees and 45,000+ students

Highly amenitized - club room with chef’s kitchen overlooking pool, theatre, fitness facility, yoga room, and business center

For access to confidential documents, please register at:  thegeorge-cushman.com.
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Under LOI
The George
249 Units
2502 Packard St
Ann Arbor, MI  48104
Type: Conventional
Posted: 5/14/2019
Cushman & Wakefield, as exclusive advisor, is pleased to present The Seneca Apartments, a truly unique value-add opportunity in Chicago’s Gold Coast. Originally built in 1924 as a luxury hotel to service Chicago’s wealthiest tourists, the building was converted into apartments in 2012 to include studio, one- and two-bedroom apartments with generous amenities and powerful first floor retail tenants.
The Gold Coast continues to be the premier neighborhood in Chicago. With access to world renown universities, leading medical facilities and luxury lifestyles, The Seneca is perfectly located between John Hancock tower and Lake Michigan beaches while still providing easy access to Chicago’s Loop and millions of square feet of booming office space. Chicago’s Gold Coast continues to be a destination for new Chicagoans from around the world as they relocate to a neighborhood of mature trees, beautiful views, exceptional shopping and steps from the Magnificent Mile.
  • Unmatched demographics
  • Strong, resilient rental market
  • Limited development pipeline
  • Irreplaceable downtown location


For access to confidential documents, please register at: theseneca-cushman.com
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The Seneca Apartments
Offers Due:  Tuesday, September 10, 2019
268 Units
200 E Chestnut St,
Chicago, IL  60611
Type: Conventional
Posted: 6/26/2019
Cushman & Wakefield, as exclusive advisor, is pleased to present 13thirteen Randolph Street Lofts the premier, luxury boutique building in West Loop’s Fulton Market District. Originally home to Chicago’s Wholesale Florist Exchange, the historical building along with an adjacent building were renovated in 2013 to include studio, one-and two-bedroom apartments with Class A amenities and 31,476 square footage of fully leased ground floor retail. The Fulton Market District has seen explosive growth since 13thirteen Randolph Street Lofts was delivered. Both Google and McDonald’s headquarters have moved to the West Loop to be a part of the over 5 million square feet of office space in the district. Home to West Randolph Street restaurant row and some of the city’s hottest dining destinations, Fulton Market District has become ground zero for Chicagoans wanting to be a part of everything important in the city.
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Under LOI
13thirteen Randolph Street Lofts
74 Units
1313 W. Randolph
Chicago, IL  60607
Type: Conventional
Posted: 5/8/2019
Randall Highlands is situated in a resort-like setting is in the village of North Aurora in the Kane County suburb of Chicago. Built in 2013, this core-plus property consists of 146 two- and three-bedroom townhomes and amenities include a zero-entry pool, fully-amenitized clubhouse including fitness center, locker rooms and resident lounge. The asset is a perfect opportunity that affords a new owner the ability to impellent value enhancements both in unit and across the amenities. The submarket provides convenient access to Chicagoland’s I-88 business corridor. The corridor continues to see employment growth and serves as Chicago’s second largest employment hub outside of the downtown CBD. Rent growth in the Aurora multifamily market over the past 12 months has averaged 3% and occupancies have hovered around 95%, allowing for long term growth and strong returns.
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Under Contract
Randall Highlands Rental Townhomes
146 Units
1241 Ritter Street
Aurora, IL  60542
Type: Conventional
Posted: 4/18/2019

The Abbey Lane is comprised of 100 one and two bedroom apartment units ranging in size from 839 sf to 1,398 sf. The property offers residents a serene setting amongst a mature wooded area and naturally meandering Coffee Creek. With amenities like a dog park, fitness center, pool, tennis court and playground, Abbey Lane is an idea place for a wide variety of residents.

Over the past 12 months, the property has undergone significant capital projects ($850,000+) including cosmetic interior upgrades to a select number of units, replacement of windows in 33 units, refreshed interior hallways as well as a minor clubhouse renovation and other deferred maintenance items (rebuilding of balconies, bridge reinforcement, etc.). The property is positioned well for the new ownership to purchase a stable, partially renovated property in an attractive location with ample opportunity to create upside.

Minutes from I-94 (to the north) and I-80 (to the south), Abbey Lane is ideally located in the heart of Indiana’s Northwest most affluent county (Porter). Access to Chicago is less than an hour’s drive or a 50-minute commute via the South Shore Line (train).

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Under LOI
Abbey Lane
100 Units
120 Abbey Lane
Chesterton, IN  46304
Type: Conventional
Posted: 5/8/2019