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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
Offers Due:  Thursday, February 28, 2019
235 Units
2021 10th Ave S
Birmingham, AL  35205
Posted: 1/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are pleased to present the exclusive listing of the 176-unit City Heights at The Gulf apartment community located in Biloxi, Mississippi. This asset is located between Pass Rd and Beach Boulevard, offering access to two major buckets of employment in Gulfport and Biloxi. Within half a mile of City Heights lies over 1.3 million square feet of retail and the Biloxi beach, making this micro location a highly amenitized area. Built in 1984 and arguably the most desirable 1980’s vintage asset in the entire metro, City Heights at the Gulf offers the next investor a high quality community with major value add potential.
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Under Contract
City Heights at the Gulf
176 Units
221 Eisenhower Drive
Biloxi, MS  39531
Posted: 5/10/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Commando Village apartment community located in Fort Walton Beach, Florida. The Florida Panhandle boasts a stable military backbone, with Eglin Air Force Base and Hurlburt Field (33,000 jobs total) within 15 minutes of Commando Village. The community boasts high visibility and access off Martin Luther King Jr Blvd, a major arterial corridor in Fort Walton Beach that connects with some of the area’s top employers. Built in 1992, Commando Village offers the investor an asset with massive floorplans, home-like amenities, and a proven value add campaign. The property currently operates under a ground lease set to expire in 2051, but there is high renewal potential.
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Under Contract
Commando Village
300 Units
302 Blessinger Drive
Fort Walton Beach, FL  32547
Posted: 1/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 332-unit Devonshire Place apartment community located in Birmingham, Alabama. The Birmingham metro has constituted nearly 1/3 of the state’s job growth since 2015, and is an economic powerhouse. Devonshire Place, located just east of Pinson Valley Parkway, sits across the street from Jefferson State CC (9,000 enrollees) and in close proximity to the Pinson Valley industrial corridor, Birmingham’s largest distribution and manufacturing hub. Built in 1974, Devonshire Place offers the investor an attractive unit mix (50% townhomes) with in-place value add potential.
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Under Contract
Devonshire Place
332 Units
2349 8th St NW
Birmingham, AL  35215
Type: Conventional
Posted: 2/16/2018
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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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 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 $70K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding organic rent growth since delivery (4.9% YoY) and stable occupancy. The next investor can further increase collections through rounding out the in-place value add campaign.
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Magnolia Preserve
173 Units
101 Magnolia Ridge Place
Dothan, AL  36303
Type: Conventional
Posted: 5/30/2018