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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 15.25-acre Maison 264 Multifamily Development Site in Lowell, Arkansas. The fully-designed, shovel-ready site features plans showing a diversified mix of 204 garden apartment units and 44 build-to-rent townhome units, for a total of 248 rental units and high-end amenities. The site has excellent access to the area’s notable trail system as well as a 100-acre park just across the street. Northwest Arkansas is home to a handful of top-tier employers such as Walmart, J.B. Hunt, Tyson Foods, and the University of Arkansas, accessible within an easy commute of the site. The submarket features excellent demographics as well as positive projected multifamily trends such as falling vacancy and steadily rising rental rates. The Maison 264 Multifamily Development Site presents an attractive opportunity to promptly break ground on a truly unique development in one the nation’s fastest growing multifamily markets.
Maison 264 Multifamily Development Site
15.25 Acres
264 Bellview Street
Lowell, AR  72745
Type: Land
Posted: 10/3/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 501 Estates, a 270-unit apartment community in Durham, North Carolina. 501 Estates is in a premier pocket of Durham that is bolstered by robust submarket fundamentals and a stellar tenant base. Southwest Durham’s effective rents have increased 38% since 2018 and are anticipated to grow an additional 16% through 2026. Average HHI is over $125K, 76% of the population is white collar, and 66% have graduated with a bachelor’s degree or higher. Ideally situated near Durham-Chapel Hill Blvd, the asset has streamlined access to the plethora of retail options that line the throughfare as well as 65,000 Eds & Meds jobs stemming from Duke University (6 minutes) and UNC Chapel Hill (14 minutes), two tier I educational institutions with esteemed healthcare systems. Additionally, a location less than 10 minutes from I-40 and I-85 provides residents a direct connection to the 500K+ Triangle Market jobs that are within a 30-minute commute. Built in 2001, 501 Estates offers a picturesque setting with mature foliage set on 30+ unique, park-like acres and a top-of-the-market amenity set including a brand new 3,000 SF free standing gym. The asset is distinctive from Class A and B product in the submarket as townhome (2-car garage) and cottage (1-car garage) style units comprise nearly 35% of the unit mix. New ownership has the opportunity to leverage an extremely unique, core plus value-add asset in a sought-after location of the Research Triangle. Proximate comparable assets demonstrate $200+ headroom that can be closed through completion of a proven renovation program and mark-to-market leasing.
Under Contract
501 Estates
270 Units
240 Ivy Meadow Lane
Durham, NC  27701
Type: Conventional
Posted: 5/3/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Accent Southrail Apartments, a 304-unit community. Additionally, there is an opportunity to acquire Accent Southrail Townhomes, an adjacent 53-unit community scheduled to deliver in Q4 2023.

These two communities are centrally located at the convergence of I-77, S. Tryon, Billy Graham Pkwy and the Lynx lightrail system, offering unparalleled convenience to 265K+ jobs within a 15-minute commute. In addition to accessibility, the highly amenitized micro location provides walkability to a plethora of retail and entertainment in LoSo, including 8 breweries and the highly anticipated Rally Pickleball. The location’s unmatched accessibility and superior lifestyle amenities are bolstered by a strong demographic profile ($105K on-site), which has spurred home values to increase at twice the pace (108%) of neighboring zip codes in the past 5 years.

Accent Southrail Townhomes is differentiated from the overwhelming majority of supply coming to infill Charlotte, as there are no BTR units under construction in the submarket and only 2 assets completing lease-up. The lack of BTR supply, particularly along the lightrail, will provide the Townhomes a competitive advantage to continuously outpace the market. Built in 2022 and 2023, Accent Southrail Apartments & Townhomes offer investors a diversified, institutional quality asset with a coveted lightrail location that is primed for outsized returns inside of Charlotte’s fastest growing submarket.

Accent Southrail
304 Units
6026 Station Crossing Avenue
Charlotte, NC  28217
Type: Conventional
Posted: 5/23/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ashbrook Village, a 423-unit apartment community located in the thriving Charlotte submarket of Gastonia. Nestled within the thriving I-85 industrial corridor, this property also sits in close proximity to downtown Gastonia, which has experienced a resurgence due to significant investments in the FUSE District. Constructed in 1985, Ashbrook Village presents a remarkable investment opportunity in the burgeoning Gastonia submarket, where combined rent growth has increased by 50% and occupancy rates have exceeded 95% since 2018. With most units awaiting renovation, Ashbrook Village offers substantial upside potential through the completion of a market driven interior upgrade program, offering new ownership the potential to capture $150+ rent premiums.
Ashbrook Village
423 Units
2304 Pineview Lane
Gastonia, NC  28054
Type: Conventional
Posted: 9/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Braxton at Woods Lake apartment community located in the emerging Southeast primary market of Greenville, SC. Built in 1997, the property is situated just 3 miles East of downtown Greenville providing residents access to a plethora of retail including Whole Foods, Haywood Mall: the largest indoor mall in South Carolina, high paying jobs (110k+ within 15 minutes), and top-notch education (A rating). The immediate area surrounding the property boasts exceptional demographics with an average household income of $85k and dominant white-collar workforce (63%) further supported by 24% projected rent growth through 2027. Arriving to market achieving premiums up to $250+, Braxton at Woods Lake’s proven value presents new investors an exceptional opportunity to acquire a well-capitalized asset ($2.9M+ in CapEx since 2015). Lagging behind all competitors on a PSF basis, implementing a value-add 2.0 initiative will command the property additional premiums of $215+ to set the property in line with top of market competitors.
Under Contract
Braxton at Woods Lake
232 Units
412 Woods Lake Road
Greenville, SC  29607
Type: Conventional
Posted: 5/15/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit, 482-bed, CEV Upstate student housing apartment community located in Spartanburg, SC. Situated along the commerce-rich Interstate 85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (11,000 employed) and burgeoning high-tech economy. Since the start of 2021, Spartanburg County has announced over $4B in capital investments, resulting in 6,000 new jobs for the area. The off-campus housing complex lies directly next to the University of South Carolina Upstate in an area of East Spartanburg that supports over 70k jobs within a 20-minute drive, impressive projected rent growth of 19% through 2028, skyrocketing home values, and a strong white-collar workforce (50%). Built in 2008, CEV Upstate arrives to market with a top-notch amenity package and ideally positioned for a Class-A value-add campaign to bridge the gap between submarket competitors and command average premiums of $90+/bed ($270/unit).
Under Contract
CEV Upstate
157 Units | 482 Beds
101 Campus Suites Drive
Spartanburg, SC  29303
Type: Student
Posted: 4/18/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 203-unit Cortland Mooresville apartment community located in Mooresville, North Carolina, a highly sought-after suburb of Charlotte located along Lake Norman. Mooresville is characterized by a high quality of life, blue-chip demographics ($140K Avg HHI), and Charlotte’s best schools. The tranquil location is highly accessible to top employers via I-77, including Lowes Corporate HQ (6,000 jobs) and Lake Norman Regional Hospital (900 jobs) within 10 minutes, as well as CBD Charlotte (130,000 jobs) within 30 minutes. Walkability to an array of high-quality retail including Harris Teeter, Starbucks, and a local brewery combined with proximity to Lake Norman further highlight the location’s desirability.

Built in 2017, Cortland Mooresville represents the opportunity to invest in a highly amenitized, core plus asset with recent leases achieving 10% growth over average in place rents, and a clear $300 rent runway to newly delivered assets in the submarket.

Under Contract
Cortland Mooresville
203 Units
151 Capital Avenue
Mooresville, NC  28117
Type: Conventional
Posted: 6/29/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Giddy Hall, a 171-unit apartment community located in Charlotte, NC. Built in 2023, the property is strategically located in the flourishing pocket of Steele Creek, a submarket characterized by rapid population growth and skyrocketing home values. The Class-A community features best-in-class finishes and top amenities tailored to appeal to area’s burgeoning high-end renter class ($94k Avg. HHI).

Situated in the heart of Steele Creek’s retail corridor, Giddy Hall offers a plethora of dining and entertainment options within minutes including Topgolf, Target, Harris Teeter, Publix and more, as well as direct access to the city’s top employment hubs via nearby I-485. The property has demonstrated impressive lease-up performance, consistently pushing rental rates while offering little to no concessions. Market comparables offer more than $200 in headroom, highlighting Giddy Hall as an exceptional opportunity to invest in a high-quality asset offering substantial organic rent growth potential through a mark-to-market leasing strategy.

Giddy Hall
Offers Due:  Tuesday, October 3, 2023
171 Units
10833 Steele Creek Road
Charlotte, NC  28273
Type: Conventional
Posted: 9/5/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit, Gleneagle apartment community located in Columbia, South Carolina. The dynamic state capital boasts a plethora of government, healthcare, and educational jobs, and has seen a record $2.46B in capital investments announced since the start of 2023, bringing 4.6k+ new jobs to the area. Gleneagle’s proximate location off I-20 and I-26 provides residents access to 135k+ jobs within a 15-minute drive, 3M+ SF of premier retail, and top-tier education within the Lexington-Richland School District 5 (A Rating). The immediate area surrounding the asset also provides exceptional demographics and a positive outlook, with average household incomes rising 13% and reaching $71K by 2027, a white-collar workforce of 64%, and a stagnant pipeline with only one property proposed in a 5-mile radius. Built in 1973, Gleneagle arrives to market with the largest floorplans in the market (1,134 avg. SF) and outstanding performance trends, with NRI increasing 14% over the T12 and a proven value-add program achieving average premiums of ~$150.
204 Units
601 St. Andrews Road
Columbia, SC  29210
Type: Conventional
Posted: 8/15/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove at St. Andrews and Greenwood at Ashley River, two apartment communities totaling 902 units, which can be acquired together or individually. The two assets are situated in two of South Carolina’s most admired cities, Columbia and Charleston. The highly sought-after Dutch Fork and North Charleston submarkets are characterized by top-tier retail and sit in close proximity to some of the area’s largest economic drivers with over 115k jobs within a 20-minute drive from each property. The immediate areas surrounding the properties boast high HHI growth, majority white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets.

The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($5.3M+). Built from 1974-1984, the properties arrive to market with attractive loan assumptions offering interest rates well below current capital market levels and are primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $170+, and yield additional revenue for years to come.

The Grove at St. Andrews & Greenwood at Ashley River (2 properties, 902 units)
Greenwood at Ashley River
Offers Due:  Tuesday, October 17, 2023
280 Units
6520 Dorchester Road
North Charleston, SC  29418
Type: Conventional
Posted: 9/14/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 22.3-acre Hanes Multifamily Development Site in Winston-Salem, NC. Located in a busy submarket and currently part of Hanesbrands Inc.’s park-like corporate headquarters campus, the site is zoned for Corporate Park Office but has great potential as a multifamily development site upon a successful rezone. The site has convenient access to national retailers, abundant dining options, and hotels. It is also within 10 minutes of two major economic drivers in the market: Wake Forest University and Smith Reynolds Airport. The Triad as a whole, home to multiple major corporate headquarters, has continued to gain momentum as companies invest in the market and their employees relocate. The Hanes Multifamily Development Site presents an enticing opportunity for multifamily developers to invest in a market that has seen impressive capital infusion.
Hanes Multifamily Development Site
22.3 Acres
1000 East Hanes Mill Rd
Winston-Salem, NC  27105
Type: Land
Posted: 3/8/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±0.43-acre Mayfair at Liberty Development Site in Downtown Winston-Salem. Zoned for Central Business within the Winston Overlay District and within an opportunity zone, the site has many potential uses including high-density residential, hotel, and mixed-use developments.

Schematic designs for a multifamily development with retail have already been completed for the site. Downtown Winston-Salem, formerly the buzzing center of a thriving tobacco town, has seen an impressive rebirth as a hub for health sciences, technology, and research. The nucleus of all this recent activity, the Innovation Quarter, is only half a mile or a 10-minute walk from the Mayfair at Liberty Development Site. The Downtown area has over 27K employees and over 37K residents. The site is directly in the vicinity of two significant new public investments, Mershcel Park and the Kaleideum museum. The Mayfair at Liberty Development Site is a rare infill site in an unrivalled Downtown Winston-Salem location and presents an exciting opportunity to invest in a thriving urban Triad district.

Mayfair at Liberty
0.43 Acres
312 North Liberty Street
Winston-Salem, NC  27101
Type: Land
Posted: 6/22/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 64-unit Millbrook Apartments community located in Greensboro, NC. This asset is situated in South Greensboro submarket just off of the amenity rich Wendover Avenue, a major retail corridor in Greensboro which contains numerous big box brands within a five-minute drive of the property. The property is also within close proximity to the recently completed 840 urban loop which traverses the entire Greensboro MSA and provides direct access to some of the area’s top employers. Built in 1993, Millbrook offers an outstanding opportunity to invest in a quality asset with high growth potential through both organic rent growth and value-add potential. Through an interior value-add program supported by nearby comparables, incoming investors can increase NOI by a staggering 44%+.
Offers Due:  Thursday, September 21, 2023
64 Units
1101 East Barton Street
Greensboro, NC  27407
Type: Conventional
Posted: 8/21/2023
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.
Under Contract
Myrtle Landing
144 Units
7220 Myrtle Grove Road
Wilmington, NC  28409
Type: Conventional
Posted: 5/4/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Northcliffe Forest apartment community located in Winston-Salem, NC. This asset is situated one mile northwest of one of the area’s top employers and higher education facilities, Wake Forest University, in the desirable North Winston-Salem submarket. Built in 1988, Northcliffe Forest presents an opportunity to invest in a quality asset that has received $2.6M in renovations since 2019. With a proven value-add program where renovated units are achieving $113 over classic units, incoming investors can increase NOI by over 30% by completing this initiative.
Under LOI
Northcliffe Forest
288 Units
2030 Northcliffe Drive
Winston-Salem, NC  27106
Type: Conventional
Posted: 7/19/2023
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.
Under Contract
Park Ridge
122 Units
Champions Blvd
Myrtle Beach, SC  29577
Type: Build for Rent
Posted: 7/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 20.42-acre Parkside Multifamily Development Site in Port Wentworth, GA. Zoned and entitled by-right for multifamily, current plans call for 235 multifamily apartment units to be built on the site. Building permits are already in hand for the site, which will be just down the road from Port Wentworth’s new $30 million, 150-acre Recreation Park. The site is less than 2.5 miles from a Publix. It is also notably 4 miles from Georgia Tech Savannah and 7.5 miles from the Savannah/Hilton Head International Airport. Port Wentworth, nicknamed Savannah’s Front Porch, has witnessed an explosion in population, more than doubling in size between the last two US Censuses. The city has benefited from Savannah’s port and industrial expansion and boasts a strong job market. Chatham County’s Class A multifamily market has surged, and average rents are expected to exceed $2,000 in 2023. The Parkside Multifamily Development Site presents an enticing, shovel-ready opportunity to break into a booming multifamily market with scale.
Parkside Development
20.42 Acres
436 Highway 30
Port Wentworth, GA  31407
Type: Land
Posted: 5/23/2023