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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Anker Haus, a 49-unit, 2020-built Class A Build for Rent Townhome community located in one of Charlotte’s most prominent submarkets, Plaza Midwood. Defined by its eclectic, densely concentrated mix of bars, restaurants, and retail, this entertainment center is also home to an affluent, white-collar employee base. As the first pocket neighborhood introduced to Charlotte, Anker Haus’ Build to Rent Townhome product offers chic, European-influenced townhomes with expansive floorplans and curated unit features. Plaza Midwood’s inactive pipeline, strong rent projections, Charlotte’s resilient net migration, and Anker Haus’ recent stabilization result in a perfect confluence for new ownership to comfortably capitalize on organic rent growth. Less than a mile from the center of Plaza Midwood, the property is also ideally situated near Charlotte’s largest job node, Center City, as well as the largest healthcare campus in Charlotte. Anker Haus represents an outstanding opportunity to invest in a newly built, recently stabilized Class A Build to Rent Townhome community.
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Under LOI
Anker Haus
49 Units
2925 Commonwealth Avenue
Charlotte, NC  28205
Type: Conventional
Posted: 5/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, 1979-built Aven apartments in Durham, NC. The property is ideally located in the heart of the Research Triangle, home to over 300 companies employing more than 50,000 workers including 2 recent announcements of Google and Apple establishing offices in the area. Raleigh-Durham is 2021’s top market for Multi-family acquisition and Aven is primed to capitalize on impressive rent growth, superb demographics, robust economic activity, and seamless access to the area’s premier employment, retail, and dining destinations by way of Interstate-54, the Triangle Expressway, and Interstate 40. With little deferred maintenance and a proven interior renovation program, new ownership will be uniquely positioned to complete the in-place program generating $90-$160 premiums.
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Aven Apartments
144 Units
3207 Stonesthrow Lane
Durham, NC  27713
Type: Conventional
Posted: 7/19/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 107-unit, Azalea Park apartment community located in Durham, NC. Built in 1973 and revamped in 2006, this asset is strategically located near Interstate 85, with easy access to nearby top employers and a vast selection of retail and entertainment options. The property has received over $1M in capital improvements since 2017 and incoming investors can capitalize on Azalea Park’s value-add potential as submarket rents continue to rise in response to Durham and the NC Triangle’s strong economic growth. As Downtown Durham continues to revitalize its infrastructure, this quality asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.
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Azalea Park
107 Units
2105 Bogarde Street
Durham, NC  27705
Posted: 6/29/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 110-unit Bellingham Park condominium community located in Wilmington, NC, the 3rd fastest growing city in the state. The offering is for 110 units out of the total 284-unit Bellingham Park community. Built in 2006/2012, Bellingham Park is a strong performing asset with excellent occupancy and rent growth trends. Wilmington is experiencing significant population growth due to in-migration accelerated by the pandemic, as remote workers love the affordable beach lifestyle and beautiful scenery that the North Carolina coast has to offer. Impressive leasing trends are expected to continue with Wilmington ranking top 20 city in the United States for in-bound population growth in 2020 contributing to the impressive 8.5% rent growth in the market over the past year. Incoming investors can capitalize on strong market fundamentals by completing the in-place value-add program that will generate $111K in annual revenue yielding a 14.5% boost to NOI.
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Bellingham Park
110 Units
1522 Cadfel Court
Wilmington, NC  28412
Type: Conventional
Posted: 6/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 2002-built, 60-unit Century Oaks on College apartment community located in Greensboro, NC. The asset is situated in burgeoning West Greensboro less than 7 miles from the expanding Piedmont Triad International Airport and in close proximity to a variety of retail options. The plethora of employers located in this submarket have driven submarket fundamentals such as population, household income, and rent growth significantly upward in recent years. The surrounding areas truly mirror the Greensboro economy’s recent shift toward expanding its white-collar workforce through educational attainment and growing financial and tech market sectors. New ownership has the opportunity to boost NOI by nearly 43% by implementing a proven interior renovation program.
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Under Contract
Century Oaks on College
60 Units
337 Guilford College Road
Greensboro, NC  27409
Type: Conventional
Posted: 3/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 76-unit Chapman Pointe apartment community located in Dallas, North Carolina (Gastonia). Built in 1999, the property is situated just north of the newly widened I-85, US-321 Interchange, and is poised to benefit from the rise in population anticipated from the infrastructure improvements. Gaston County has emerged as a location of choice for foreign investments in advanced manufacturing, serving as the key driver for some of the strongest rent gains in the metro. The growing demand of Gastonia paired with muted supply in 2020 poises the property for consistent returns and an opportunity to boost annual NOI by $160,000 through continuing the in-place value add program (14% renovated).
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Chapman Pointe
76 Units
500 Chapman Pointe Circle
Dallas, NC  28034
Posted: 7/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Douglas Square on Hope Mills, a 198-unit apartment community located in Fayetteville, North Carolina. The asset is surrounded by the region’s prominent thoroughfares, which provide residents convenient access to the plethora of retail in the immediate area as well as the largest employers in the city, including Fort Bragg. Built in 1972 with a complete repositioning in 2020, Douglas Square on Hope Mills offers an outstanding opportunity to invest in a property with very little deferred maintenance with a recent capital infusion of $2.2MM+ and a successful value-add initiative that is underway, presenting a potential 24% boost in annual NOI.
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Under Contract
Douglas Square on Hope Mills
198 Units
5052 Watauga Rd
Fayetteville, NC  28304
Posted: 3/25/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 354-unit, Foxfire apartment community located in Durham, NC. Strategically located in North Durham, Foxfire enjoys easy access to nearby top employers and a vast selection of retail and entertainment options. Incoming investors can capitalize on Foxfire’s value-add potential as submarket rents continue to rise in response to Durham and the NC Triangle’s strong economic growth. As Downtown Durham continues to revitalize its infrastructure, this quality asset is primed to capture the incoming workforce spillover as the city continues to attract new and expanding Tech/Life Sciences/Healthcare employers, resulting in an affluent and educated labor pool.
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Foxfire
354 Units
1400 Wyldewood Road
Durham, NC  27704
Type: Conventional
Posted: 7/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 204-unit, Hudson Montford apartment community, a one-of-a-kind, core plus asset immersed in the heart of in-town living. The asset is located in the epicenter of Montford Park, Charlotte’s next core micro market exploding with commercial development and characterized by an affluent resident base ($137,000 avg. HHI), skyrocketing home values ($514,000 MHV), and Charlotte’s premier employment hubs with 195,000 jobs within a 15-minute drive. Built in 1999, Hudson Montford recently received a $6.3M capital infusion - creating thoughtfully reimagined interiors and an upgraded amenity package to match. While these upgraded interiors already rival the submarket’s best, new ownership still has the opportunity to implement a niche, luxury finish package that would differentiate Hudson Montford as the submarket’s crown jewel asset. These exquisite upgrades coupled with an average floorplan size 200+ square feet larger than neighboring infill submarkets provide new ownership a unique opportunity to close the $200 rent gap to nearby competitors as well as the $425 rent gap to the neighboring submarket of South End.
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Hudson Montford
Offers Due:  Wednesday, October 6, 2021
204 Units
1420 Estates Avenue
Charlotte, NC  28209
Type: Conventional
Posted: 9/2/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 23-acre Navassa Road Land located in Leland, North Carolina. Situated within an opportunity zone inside the fastest growing town in NC, the site is in a prime location for new development with lenient zoning standards of 24 dwelling units per acre. Located only 4 miles from a booming downtown Wilmington, Navassa Road Land is perfectly situated to experience all that Wilmington has to offer, while Leland implements developmental changes to its infrastructure in order to capture the 73% population growth the town has achieved since 2010. The site is in the heart of Leland’s Gateway District - an area the town has prioritized for immediate infill redevelopment. Navassa Road Land is poised to benefit from upward trending demographics and continual redevelopment growth plans, including the rebranded Leland Innovation District, that will reward developers for decades to come.
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Under Contract
Navassa Road Land
   
Navassa Road
Leland, NC  28451
Posted: 6/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 70-unit Oak Hollow apartment community located in Rock Hill, SC. Built in 1970, the property is situated adjacent to one of the area’s most popular retail and entertainment hubs, Knowledge Park. Rock Hill has emerged as a location of choice for global investment in advanced manufacturing and distribution, serving as a key driver for some of the strongest rent gains in the metro. The growing demand of the submarket paired with muted supply poises the property for consistent returns, with an opportunity to boost NOI through implementation of a value-add 2.0 initiative.
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Oak Hollow
Offers Due:  Monday, September 20, 2021
70 Units
810 Finley Road
Rock Hill, SC  29730
Type: Conventional
Posted: 8/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 24.36-acre Overlook at Intracoastal development opportunity in Santa Rosa Beach, Florida, nestled within the 6th fastest growing county in the country. This site offers one of the only potential multifamily land developments in South Walton, as the surrounding area comprises of nearly 20,000 acres of protected forest and park-lands, leaving developable land scarce to find. As population surges in the Walton County area, rental rates and developments are quick to follow with the immediate area realizing 24% rent growth YoY while over $1.5B in capital investments will be deployed in northwest Florida for economic and infrastructure enhancements. The submarket is attracting a stronger demographic base more than ever, with average household income of $118K that is poised to increase 8.6% by 2025, 73% White Collar Workforce, and 52% of residents hold a bachelor’s degree or higher within a 5-mile radius. This may be one of the last multifamily development opportunities within 10 minutes of the #1 ranked beach in the country (2020), Grayton Beach State Park.
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Overlook at Intracoastal Land Development
   
177 Apostles Way
Santa Rosa Beach, FL  32459
Posted: 8/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 464-unit Pine Crest apartment community located in North Charleston, SC. The 42-acre site is strategically located near the eclectic neighborhood of Park Circle, offering varied dining and entertainment options, as well as the evolving Charleston Navy Base & Shipyard and easy access to I-26. As one of the few workforce housing assets in the Park Circle submarket, Pine Crest has ideal access to multiple large employers and variety among employment options. Built in 1945 and situated on 42 acres, Pine Crest offers an outstanding opportunity to invest in a value-add proposition that is strongly supported by large rent deltas with rent comparables in the market. In addition to the value-add opportunity, investors will be able to acquire 42 favorably-located acres in a dynamic and growing submarket, expected to only improve with the projected transformative construction and reuse projects planned and currently underway in the area.
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Under Contract
Pine Crest
464 Units
1920 McMillan Ave
North Charleston, SC  29405
Type: Conventional
Posted: 1/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 22-acre, Reserve at Battery Creek Land site located in the rapidly-expanding Beaufort, SC. With the potential to build medium density residential in an unmatched location, future residents will consider this site as an opportunity to enjoy waterfront views of Battery Creek with dock access at a discount to home ownership. The Hilton Head-Bluffton-Beaufort market is seen as an attractive destination for residents fleeing larger U.S. cities with dense infrastructures, migrating towards coastal markets. These trends, which were only amplified by the pandemic, explain the market’s population surge of 58% since 2000, all while experiencing consistently strong rent growth. The property has a dock permit with a total of 192 feet of boat mooring length, making this the only multifamily site in Beaufort County that is approved for a boat dock on deep water. With site plans and permits approved, along with resubmission plans nearing the finish line, The Reserve at Battery Creek Land site offers developers a chance to takeover an opportunity with much of the heavy lifting out of the way.
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Under LOI
Reserve at Battery Creek Land
22 Acres
45 Belleview Bluff
Beaufort, SC  29902
Type: Land
Posted: 5/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit Spring Garden apartment community located in Greensboro, NC. This asset is strategically situated 2 miles southwest of downtown Greensboro next to the University of North Carolina at Greensboro. Built in 1991 and 1998, Spring Garden is a student run property primed for significant upside through a modern conversion of the asset’s 4BR-2BA units to highly sought-after 2BR-2BA units. This unit transformation will offer one of the largest 2BR floorplans in the submarket, coupled with high barriers to entry, limited development, and desirable demographics. Furthermore, transitioning to conventional operations will allow for improved efficiencies in leasing, occupancy, and utility reimbursements generating attractive returns for incoming investors.
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Spring Garden
96 Units
2119 Spring Garden Street
Greensboro, NC  27403
Type: Student
Posted: 6/9/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present The Morris at Belmont, a proposed 322-unit apartment community development project located in Belmont, NC. The property will be ideally situated in the burgeoning city of Belmont, which is located only 20 minutes from Uptown Charlotte and has nearby proximity to Charlotte’s U.S. National Whitewater Center, Charlotte Douglas International Airport, and access to key job centers, which includes not only the new 2.5M SF Amazon facility and the Water Ridge Office Park, but also Charlotte’s integral employment nodes. In addition, the property will benefit from the proposed expansion of Charlotte’s LYNX Light Rail, which would be within walking distance of the property, as well as a Greenway Initiative that would deliver with the project, allowing for expanded pedestrian space and greenways in Belmont. The property will represent a best-in-class asset for the Belmont submarket with premier amenities and curated, luxury unit features. The Morris at Belmont offers an outstanding opportunity to invest in a new development opportunity for Class A institutional-quality product in one of Charlotte’s up-and-coming submarkets.
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The Morris at Belmont
322 Units
6900 Wilkinson Blvd.
Belmont, NC  28012
Type: Conventional
Posted: 4/1/2021