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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 $120 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 exclusive listing of the 154-unit Avalon Plaza 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 (12.5M SF of Retail) and half a mile west of the I-65 interchange (38,000 VPD), residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1973, Avalon Plaza offers an outstanding opportunity to invest in a partially completed value add opportunity with significant upside for the next investor, with larger sized townhomes representing over 50% of the unit mix.
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Under Contract
Avalon Plaza
154 Units
3600 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Posted: 2/9/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Aviles, a 67-unit, 2022-build townhome community located in the highly sought-after Gulf Shores beach community in Baldwin County, AL. Aviles is a Class A, purpose-built townhome community situated less than two miles north from scenic beaches ($6.1B+ economic impact) and numerous key attractions such as The Wharf, Gulf State Park and world-class fishing. The asset offers residents convenient access as it is located just off Highway 59 (37K+ VPD) and is less than 10 minutes away from Gulf Shores’ Intl. Airport. Constructed in 2022, Aviles is comprised of 2BR floorplans boasting premium finishes and layouts. Upon stabilization new ownership is well positioned to capture upward momentum through 2nd Gen leases. The Gulf Shores submarket boasts 10.2% average annual rent growth since 2017 with Townhome and BTR occupancy being 98%. With Baldwin County leading Alabama in population growth (63% since 2000), Aviles arrives to market well located and positioned for new ownership to take advantage of the booming growth the region continues to experience.
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Aviles
Offers Due:  Wednesday, July 13, 2022
67 Units
360 Fort Morgan Rd W
Gulf Shores, AL  36542
Type: Single Family Rental
Posted: 6/1/2022
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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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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Crystal Lake
224 Units
7680 West Highway 98
Pensacola, FL  32506
Posted: 3/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of FarmHaus by Watermark, a Thompson Thrift Company. The property offers 324 Class A+ units located in one of the premier growth markets in the country, Huntsville AL. Huntsville, arguably one of the hottest economic metros in the U.S., has added $5B+ of capital investments since 2018 and has experienced 8% avg. rent growth since 2019. The asset is easily accessible via Hwy-72 to multiple job cores throughout Huntsville including Redstone Arsenal (44K+ jobs), Cummings Research Park (27K+ jobs), and the newly delivered Toyota-Mazda Plant (4K+ jobs). The area includes a Publix & 350K SF of proposed office space. Delivered in mid-2021, FarmHaus is one of the market’s top luxurious housing communities, featuring numerous designer finishes and top of the line modern amenities. Boasting excellent lease-up velocity (21 units/month on avg. & 0% LTL on last four of five move-ins), the asset is perfectly positioned to capture significant organic rent growth through second-generation leasing. The subject’s superb construction quality, retail proximity and connectivity to massive job cores ensures future ownership is optimally primed to achieve profitable upward momentum.
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Under Contract
FarmHaus by Watermark
324 Units
1260 Balch Road
Madison, AL  35757
Posted: 3/24/2022
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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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 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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Grand at Pearl
280 Units
200 Colony Park Drive
Pearl, MS  39208
Type: Conventional
Posted: 4/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Magnolia Terrace apartment community located in Montgomery, AL. The asset is located in the sought-after East Montgomery submarket, near upscale retail with easy access to downtown via Atlanta Hwy (52K+ VPD). The metro benefits from a strong manufacturing economy, highlighted by recent capital investments by Hyundai ($410M, 1.2K jobs), AL Port State Authority ($340M, 2.6K jobs), Amazon ($100M, 500 jobs), and Bella+Canvas (550 jobs). Built in 1986, Magnolia Terrace offers an outstanding opportunity to invest in an uptrending, cash-flowing asset with proven value-add ($100-$150).
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Under Contract
Magnolia Terrace
176 Units
155 Sylvester Drive
Montgomery, AL  36117
Type: Conventional
Posted: 3/30/2022

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
Offers Due:  Wednesday, June 29, 2022
   
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 the MarQ Vestavia, 170 units located in Vestavia Hills, AL (Birmingham MSA). Vestavia Hills features the state’s 2nd ranked school district (excluding magnet and charter schools), $150k Average Household incomes and heavily restricts new multifamily developments. This newly renovated asset arrives to market 98%+ occupied with strong organic rent growth trends featuring 6%+ rent growth YoY and a diminishing loss-to-lease trend. Originally constructed in 1973 and fully rehabbed in 2017/2018 as part of a $5.3M renovation, MarQ Vestavia represents the opportunity to acquire class A finishes in an idyllic suburban setting.
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Under Contract
MarQ Vestavia
170 Units
1800 Arboretum Circle
Vestavia Hills, AL  35216
Type: Conventional
Posted: 4/13/2022