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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Birmingham Trade Towers - 235 vacant units located in the heart of the bustling 5 Points South district of Downtown Birmingham, AL and in a qualified Opportunity Zone. The subject sits less than ½ mile from UAB’s Campus (the state’s #1 economic engine), where enrollment has outpaced student housing supply by 15% since 2008. 5 Points South, one of Birmingham’s culinary/entertainment hubs which features 2018 James Beard Award-winning Highlands Bar and Grill, has proven to be an attractive micro-market in the metro due to proximity to both Downtown (UAB, CBD, Entertainment Districts) and upper echelon suburbs to the south (Mountain Brook, Homewood). Downtown has been truly transformed over the last 5 years and will continue to see an influx of jobs, capital, and residents moving to the urban core. Built in 1969 (vacated in 2015), Birmingham Trade Towers offers future ownership an "Opportunity Zone" qualified asset which can be fully revitalized and positioned as a top-contender in the Downtown Birmingham rental market.
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Birmingham Trade Towers
235 Units
2021 10th Ave S
Birmingham, AL  35205
Posted: 1/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Elevate Grande Pointe - 180 units in Daphne, AL. Situated along the desirable Eastern Shore of Mobile, the subject enjoys an affluent resident profile and close proximity to quality retail and employment. Since acquisition, current ownership has invested $1.8M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to completely round out the community. Built in 1984 (renovated 2018), Elevate Grande Pointe offers an excellent opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.
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Under Contract
Elevate Grande Pointe
180 Units
133 Lake Front Drive
Daphne, AL  36526
Type: Conventional
Posted: 2/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 52-unit Heron Lakes apartment community located in Mobile, Alabama. This asset is desirably positioned just off Government Blvd and within the Heron Lakes Country Club neighborhood (85k HH incomes, $300-$700k home values), which provides the community with a highly affluent renter pool. Heron Lakes also sits minutes from the area’s top employers (Mobile Aeroplex, Downtown) and 12M+ square feet of quality retail space (Shoppes at Bel Air, McGowin Park, etc). Built in 1972 and renovated in the mid-2000’s, Heron Lakes offers the investor a well-maintained property with strong in-place cash flow and substantial further value add upside.
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Heron Lakes
Offers Due:  Thursday, April 25, 2019
52 Units
1164 Skywood Drive
Mobile, AL  36693
Posted: 3/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 173-unit Magnolia Preserve apartment community located in Dothan, Alabama. Dothan is widely regarded as the "southeastern gem" of the state, with a growing medical/industrial economy and major local job growth. Magnolia Preserve maintains one of the best multifamily locations in the submarket, within the Montgomery Highway retail corridor (3M+ SF) and $80K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding NRI growth since delivery (9.2% YoY last 3 years) and stable occupancy. The next investor can further juice collections through rounding out the in-place value add campaign. The asset is offered as a debt assumption or on an all-cash basis.
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Magnolia Preserve
173 Units
101 Magnolia Ridge Place
Dothan, AL  36303
Type: Conventional
Posted: 3/21/2019