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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of 4700 Colonnade, a 215-unit Class A community located in Birmingham, AL. The property is set along the highly desirable US-280 Corridor, one of the metro’s wealthiest corridors which boasts over 18M SF of retail and office space. The asset boasts top of the market finishes & amenities in addition to superb accessibility via the US-280 and I-459 exchange. Nearby employment opportunities and lifestyle amenities will continue to attract high-income residents to the submarket, thus driving superb rent growth at 4700 Colonnade. 4700 Colonnade arrives to market boasting 95% occ. with leasing momentum being equally superb as latest leases trend $150+ above the in-place rent roll avg. Further NOI growth can be garnered by new ownership through implementing a value-add “Smart Home” package. 4700 Colonnade offers new ownership the opportunity to invest in a premier Class A asset that boasts excellent in-place performance, premier submarket demographics, targeted value-add potential and high visibility in a fast-developing location.
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4700 Colonnade
215 Units
4700 Colonnade Place
Birmingham, AL  35243
Type: Conventional
Posted: 6/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the OM for the 100-unit Berkshire Arms apartment community located in Mobile, AL. This asset sits within a well-performing multifamily submarket, which has demonstrated excellent rent and occupancy trends over the past 5 years. Located just one mile south of Airport Blvd and two miles west of the I-65 interchange, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Berkshire Arms offers an outstanding opportunity to invest in an LIHTC asset that is eligible for conventional conversion, offered at an extremely attractive basis with ample rent upside.
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Under Contract
Berkshire Arms
100 Units
4021 N Seabreeze Road
Mobile, AL  36609
Type: Affordable Housing
Posted: 1/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Cambridge Place, an institutional quality 178-unit BTR community located in the up-and-coming Athens suburb of Huntsville, Alabama. Cambridge Place is being delivered across 3 phases and will be offered with a forward commitment for phase III (82 est. units, July 2023). The community boasts retail-grade construction, highlighted by custom brick exteriors, high ceilings, upscale finishes/amenities, attached garages, and gated neighborhood entrance. Lease-up has gone exceptionally well thus far with 100% occupancy on delivered units, and current ownership has already pushed asking rents 12% with an increasingly robust waitlist. Cambridge Place features affluent white-collar location between Canebrake Golf Club and Publix at Eastside Junction, with $115k average HHI and nearby home values in the $600K-$2MM range. Athens is becoming one of Huntsville’s fastest growing suburbs, generated by strong schools and proximity to major job drivers such as Toyota/Mazda’s new $2.3B auto plant.
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Cambridge Place
178 Units
22052 Stratford Way
Athens, AL  35613
Type: Single Family Rental
Posted: 4/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, FL. This asset is situated along US-98 (23K+ VPD), a high traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Pensacola is benefitting from Navy Federal Credit Union’s rapidly expanding campus that is ahead of schedule to employ 10,000+ by 2026. Current owners have successfully started an interior value add program that has achieved $245 avg. rent increases over prior unrenovated rents. Built in 1997 with a quality physical plant, Crystal Lake provides an excellent opportunity to invest in a performing asset with proven value-add premiums.
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Under Contract
Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Posted: 3/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.21-acre, Fitzroy Huntsville land site located in Huntsville, AL. Investors can invest in the opportunity to construct a multifamily community zoned and approved for 272 apartment units. This site is situated along the strategically-located Research Park Submarket of west Huntsville. Huntsville is arguably one of the hottest economic metros in the U.S. and is ranked #6 market in the nation for job growth with over $8B in capital investments and 23K+ new jobs since the start of 2018. This asset has direct access to Huntsville’s numerous job cores such as Redstone Arsenal (44K+ jobs) and Cummings Research Park (27K+ jobs). With all of the due diligence done, and building permits submitted for, Fitzroy Huntsville offers an outstanding opportunity to for a developer to break ground in short order within one of nations hottest markets.
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Under Contract
Fitzroy Huntsville
8.21 Acres
Research Park Boulevard NW / Research Park Service Road
Huntsville, AL
Type: Land
Posted: 6/20/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 18.94 acre, Build-to-Rent development opportunity in Foley, AL. Located within Planned Development District (PDD) zoning and at the intersection of major roadways, this site is ripe for BTR development. Across the street from one of the state’s most popular attractions and minutes from idyllic Downtown Foley and the white-sand beaches of the Gulf, the site will offer future residents plentiful entertainment, dining options, and leisure activities. The city of Foley grew 39% since 2010 and has transformed itself into a destination city. Foley is situated in thriving Baldwin County, which gained more new residents than any other county in Alabama over the last year. Build-to-Rent is rapidly becoming one of the fastest growing trends in real estate, and investors have an excellent opportunity to capitalize on this well-located site.
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Foley BTR Development Site
18.94 Acres
Foley Beach Express
Foley, AL  36535
Type: Land
Posted: 7/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 280-unit Grand at Pearl apartment community located in Pearl, MS. The asset is in the strategically located Inner Rankin County submarket that has experienced 13.9% YoY rent growth. Grand at Pearl is just east of Jackson Mississippi with close proximity to interstate 20 which provides easy access to the entire Jackson MSA (296k+ jobs). Over the past six months the property has seen a total of 134 of lease trade outs and renewals (49% of the community) that have garnered over $279+ and $51+ rent bumps respectively. Built in 1999 and 2004, Grand at Pearl represents an outstanding opportunity to invest in a cash flowing property with robust rent growth and occupancy trends.
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Under Contract
Grand at Pearl
280 Units
200 Colony Park Drive
Pearl, MS  39208
Type: Conventional
Posted: 4/7/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Marina Island (the "Property"), an entitled 179.62-acre waterfront mixed-use development site uniquely positioned along the North Bay of Florida’s world-renowned Emerald Coast, 17 minutes north of Panama City.

Buyers have an exceptional opportunity to acquire a waterfront master planned community with scale and deep-water access with an existing 500’ x 500’ “T” dock. The initial phase of Marina Island, encompassing +/-110-acres, is entitled for up to 2,600 residential units, 150 hotel rooms, 550,00 s.f. of commercial space, 10-acres of school space, and 400 marina berths.

The boater-friendly project fronts North Bay and features over 25,000 linear feet of waterfront along North Bay providing residents and visitors easy access to Saint Andrews Bay and the Gulf of Mexico. The Property benefits from its location within 30-minutes of Northwest Florida Beaches International Airport, Panama City Beach, Tyndall Air Force Base, Gulf Coast Regional Medical Center, Ascension Sacred Heart Bay Hospital, Florida State University - Panama City, and Gulf Coast State College. Additionally, Marina Island is within 15-minutes of a vast array of retail amenities including multiple grocery stores, big-box retailers, and a variety of restaurants.

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Marina Island
   
1 Marina Island Boulevard
Lynn Haven, FL  32444
Posted: 5/5/2022
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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Under Contract
Overlook at Intracoastal Land Development
24.36 Acres
177 Apostles Way
Santa Rosa Beach, FL  32459
Type: Land
Posted: 8/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit Summer Place apartment community. The asset is situated in the rapidly expanding West Mobile submarket, which has experienced 14% rent growth over the past two years and 95% average occupancy. Located minutes away from Airport Blvd and Interstate-65, the asset offers residents convenient access to all of Mobile’s economic job drivers, retail amenities and recreational activities. Built in 1975, Summer Place offers new ownership an outstanding opportunity to invest in a market backed value-add asset offered at an extremely attractive basis with significant operational upside.
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Summer Place
144 Units
557 Azalea Road
Mobile, AL  36609
Type: Conventional
Posted: 9/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Charles, 192 units in an irreplaceable location within walking distance to some of Florida’s nicest beaches. The Charles offers residents a beach-style living experience with close proximity to all of Destin’s high-quality lifestyle amenities. The area is home to some of the nicest beaches (walking distance to property) in the U.S. which continues to drive strong population and rent growth, respectively. Since delivering in September, management has successfully pushed rents over $440. Built in 2021/22 with institutional quality finishes and aesthetics, The Charles represents an outstanding opportunity to invest in a best-in-class asset with extraordinary leasing trends in the highly desirable Destin submarket.
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The Charles
192 Units
1015 Highway 98 East
Destin, FL  32541
Type: Conventional
Posted: 3/22/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Davis, 276 units located in Huntsville, AL. This asset is situated along Highway 72 with access to Huntsville’s numerous job cores such as Redstone Arsenal (44K+ jobs) and Cummings Research Park (27K+ jobs). Huntsville is arguably one of the hottest economic metros in the U.S. and is ranked #6 market in nation for job growth with over $8B in capital investments and 23K+ new jobs since the start of 2018. The asset has recently received $2.9M+ of capex in conjunction with a value add program that is garnering $195+ premiums on renovated units and $300 premiums on Elite units. Built in 1986, The Davis offers the next investor a rare opportunity to acquire a proven value add asset in one of America’s best investment markets.
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The Davis
276 Units
3784 University Drive
Huntsville, AL  35816
Type: Conventional
Posted: 6/1/2022