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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Bridford West apartment community in rapidly-expanding southwest Greensboro, NC. Built in three phases in 2013 and 2014, Bridford West offers a top-of-the-market features and amenities package rivaling other top assets in the market. The property is ideally located between I-73 and I-40, providing excellent connectivity and access to the area’s top employers and retail. With outstanding demographics and a high rent ceiling, the property is poised for sustained organic rent growth and is being offered at a significant discount to replacement cost, as well as comparable Class A trades in other Carolinas metros.
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Under Contract
Bridford West
264 Units
598 Eagle Road
Greensboro, NC  27407
Type: Conventional
Posted: 8/8/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit, Crescent Commons apartment community located in Fayetteville, NC. Built in two phases in 2002 and 2006, Crescent Commons offers a highly diverse unit mix with a significant discount to replacement cost as the property recently received a capital infusion of $750,000 in 2017. The property is positioned in walking distance to Fayetteville’s newest retail boom in the Skibo Road corridor, while situated 5.5 miles from the largest military installation in the world, Fort Bragg. The Fayetteville development pipeline is nearing stabilization as the market continues to absorb the delivery spike from 2012-2014, providing new ownership with the opportunity to capitalize on a value-add initiative to capture the rental gap and boost existing annual NOI by 29%.
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Under LOI
Crescent Commons
288 Units
812 Crescent Commons Way
Fayetteville, NC  28314
Posted: 10/17/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 344-unit, Edgewater on Lake Lynn apartment community. Outstanding demographic trends ($104,000 avg. HHI in 3-mile radius) and a top-tier school system are driving organic rent growth on new leases and supports a market proven value-add opportunity. Built in 1986, Edgewater on Lake Lynn is surrounded by new housing developments with pre-sold homes trading as high as $730,000. Residents can enjoy the scenic views of Lake Lynn Park and the Raleigh Greenway System, while sitting less than 3 miles from high-class retail centers and employment nodes. With new clubhouse plans complete, Edgewater on Lake Lynn is prepped for a value-add initiative provided by its scenic amenities, and significant exterior improvements including new roofs throughout the property.
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Edgewater on Lake Lynn
344 Units
3230 Stream Side Road
Raleigh, NC  27613
Type: Conventional
Posted: 8/22/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 164-Unit, Fox Ridge Manor in Raleigh, NC. The property has experienced a surge in organic rent growth due to a recent $1 million capital infusion, including new roofs, paired with its position along the path of progress in Raleigh. Built in 1972, Fox Ridge Manor offers an additional 5.5 acres of excess land and is comprised of a unique set of 2BR and 3BR townhomes with market leading floorplan sizes, while the Southern Raleigh submarket has outpaced the broader metro in occupancy and rent growth. Fox Ridge Manor also offers new ownership the opportunity for an impactful 39% boost to NOI through multiple revenue streams including a recent water/sewer submetering program and a proven value add initiative.
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Under Contract
Fox Ridge Manor
164 Units
2200 Fox Ridge Manor Road
Raleigh, NC  27610
Posted: 10/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit, Hawk Ridge apartment community in Winston-Salem, NC. Built in 1998, the property offers new ownership significant income upside from completion of a proven unit interior renovation program, and potential for a market-supported second phase of upgrades to push rents. Firmly cemented in a top-tier school system and demographic region ($90,000 HHI 3-mile radius), Hawk Ridge offers seamless connectivity by way of I-40 and US-158 to the premier retail and major employers of Winston-Salem - a metro defined by continued growth and a dwindling unemployment rate.
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Under LOI
Hawk Ridge
168 Units
400 Hawk Ridge Drive
Winston-Salem, NC  27103
Type: Conventional
Posted: 9/21/2018
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Independence Place, a 230-unit, Class A apartment community located adjacent to one of Richmond’s largest employers. The Property, built in 2012, features a best-in-class amenity package and attractive in-unit finish levels. Recently delivered apartment communities in the market have enhanced finishes including stainless steel appliances and granite countertops and replicating this at Independence Place can garner additional rental premiums. The Property’s location provides access to numerous points of interest throughout the region including some of the most significant employment centers and retail. Independence Place’s exceptional location and asset quality make it a rare opportunity to acquire a stable asset with additional renovation upside in the expanding Richmond economy.
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Independence Place - Prince George
230 Units
5000 Owens Way
Prince George, VA  23875
Type: Conventional
Posted: 6/8/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Apartments at Shade Tree, a 248-unit apartment community located in Johns Island, South Carolina. The property is located in a fast-growing submarket with high visibility off major artery Maybank Highway, which is currently being transformed into four lanes, paving the way for future rental growth as the area continues to expand. With a high rent growth ceiling between the property and its competitors, as well as the immediate opportunity to implement water/sewer and valet trash charges at the property, the property offers tremendous rent and NOI growth upside. The property is being offered at a significant discount to recent nearby trades and replacement cost. With high barriers to new development throughout Charleston, the property is well-positioned to enjoy long-term rent growth and offers an outstanding return on investment.
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Under Contract
The Apartments at Shade Tree
248 Units
2030 Wildts Battery Boulevard
Johns Island, SC  29455
Type: Conventional
Posted: 6/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Aventine Greenville - a 346-unit apartment community in burgeoning Greenville, SC. Built in 2013, The Aventine Greenville boasts luxurious amenities/features and high-quality construction that is available for acquisition at an attractive basis. Bolstered by favorable operations, the property is ideally positioned to close the $200+ rent gap to market competitors through completion of a light value-add program. Residents of The Aventine Greenville enjoy walkability to the premier retail outlets in South Greenville - a region defined an exceptional demographic base and a diminishing new development pipeline. In addition, the asset is positioned in the center of Greenville’s thriving "Industry Triangle" as five of the county’s largest employers (10,500+ jobs) are less than two miles from the property.
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Under Contract
The Aventine Greenville
346 Units
97 Market Point Drive
Greenville, SC  29607
Type: Conventional
Posted: 7/19/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Commons at Fort Mill, 144-unit apartment community. Delivered in 2009, The Commons at Fort Mill is located in the heart of the thriving Rock Hill / Fort Mill submarket, located just minutes from Fort Mill and Charlotte MSA’s top employers. The property is defined by an exceptional demographic base including an average HHI of over $109,000 within a one-mile radius and 76% white collar employment. Supported by steady operations, The Commons at Fort Mill is setup to bridge the +$275 delta in effective rents to market competitors through a layup value-add initiative, poised to generate premiums of $175.
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The Commons at Fort Mill
144 Units
221 Embassy Drive
Fort Mill, SC  29715
Type: Conventional
Posted: 11/14/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Pines of Wilmington - a 233-unit apartment community in Wilmington, NC constructed in 1975. Bolstered by recent capital improvements and robust operational momentum, The Pines of Wilmington offers investors a potential +37% boost to annual NOI through completion of an underway, proven value-add program. The asset is firmly cemented in the metro’s highest rent growth submarket that is primed to benefit from development expansion moving southward. In addition, The Pines of Wilmington is in close proximity to the principal economic drivers and premier retail nodes of Wilmington - an MSA characterized by rapid population growth, an expanding employment nucleus, and attractive demographics..
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Under Contract
The Pines of Wilmington
233 Units
1002 Mayflower Drive
Wilmington, NC  28412
Type: Conventional
Posted: 7/26/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Waterford, a 300-unit apartment community located in fast growing Morrisville, NC. Strategically located in the heart of the Triangle’s most impressive employment node, the community is primed for a value-add program targeting amenity enhancements and interior upgrades. Morrisville’s two best elementary schools as well as largescale technology campuses with global recognition surround The Waterford, driving a future downtown urban development boom within 2 miles of the property. Built in 2000, the property has recently undergone a $1.9 Million capital infusion. The Waterford is a strong asset with a positive outlook for potential investors, as its submarket boasts some of the highest rental rates in the MSA, paired with new developments, a wealthy workforce, and growing population.
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The Waterford
300 Units
1000 Park Place
Morrisville, NC  27560
Type: Conventional
Posted: 10/1/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group, in conjunction with Cushman & Wakefield Student Housing Capital Markets, is pleased to present the exclusive listing of the 85-unit / 214-bed, 1969/1989/2005 built University Park located directly across the street from NC A&T State’s 11,000+ student campus. The property is equipped with one of the most diverse unit mix offerings in the submarket, including the only townhouse-style floorplans, coupled with a host of desirable unit features. University Park is well positioned for new ownership to capitalize on property level increases in occupancy and rental rates via hands-on management, strategic capital improvements and effective marketing.
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University Park (214 Beds)
Offers Due:  Thursday, December 13, 2018
85 Units | 214 Beds
425 Stedman Street
Greensboro, NC  27401
Type: Student
Posted: 4/3/2018