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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Marbella, a 96-unit, 2021-built apartment community located in the highly sought after and rapidly growing Baldwin County. Marbella offers residents a beach-style living experience with close proximity to all of Gulf Shores’ lifestyle Amenities. The area is home to some of the nicest beaches in the U.S. which continue to drive strong population and rent growth (8.9% YoY since 2021). Since the beginning of 2022, Marbella has organically pushed rents 15.5%+ on renewals and new leases and arrives to market 95.8% occupied. The Baldwin County market has benefitted tremendously due to the lack of new competitive supply with no units being built between 2009 and 2019. In addition, Baldwin County is the 4th fastest growing small metropolitan area in the U.S. with the Gulf Shores area growing by 73% since 2010 providing further growth for assets such as Marbella. Built in 2021, Marbella represents an outstanding opportunity to invest in a high performing asset with attractive assumable HUD loan in the highly sought after and rapidly growing Baldwin County.
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Marbella
Offers Due:  Thursday, June 8, 2023
96 Units
1910 East 1st Street
Gulf Shores, AL  36542
Posted: 5/2/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Renaissance Santa Rosa, 229 units in an irreplaceable location minutes from some of Florida’s nicest beaches. The 2021 built property is situated in the rapidly expanding Okaloosa County MSA, which has experienced 9%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Renaissance Santa Rosa is now 95% occupied following explosive lease up trends. Since 2021, Renaissance Santa Rosa has shown and increase of 41%+ on lease trade outs and 39%+ on lease renewals. The property boasts unmatched amenities and finishes in the marketplace and has attractive assumable in-place HUD debt.
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Renaissance Santa Rosa
Offers Due:  Friday, June 2, 2023
229 Units
200 Page Bacon Rd
Mary Esther, FL  32569
Type: Conventional
Posted: 5/8/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-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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Under Contract
Summer Place
152 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, a 192-unit institutional asset strategically located in historically underserved Destin, Florida. The asset is ideally situated within walking distance of Florida’s Gulf Coast, offering residents convenient access to some of the most renowned beaches in the United States. The Charles offers residents a beach-style living experience with immediate proximity to all of Destin’s unique and high-quality lifestyle amenities. Furthermore, Destin boasts an outstanding demographic profile with $115K+ average household income within two miles of the asset. Since delivering its first units in September 2021, management has successfully pushed rents over 23%. The Charles premier finishes, curated amenities, and first-class location present an outstanding investment opportunity. The Sponsor is seeking a loan commitment at 60%-65% LTV on a 5 year targeted hold period, with a 90/10 equity split.
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The Charles
192 Units
1015 Highway 98 East
Destin, FL  32541
Type: Conventional
Posted: 3/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fitzroy Grove, a 250-unit, 2021-built apartment community located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart Inc, the nation's largest retailer, which is currently constructing new Walmart Global Headquarters, as well as two other fortune 500 companies, each within a 15-mile radius. The property offers the next investor unmatched amenities and finish levels in the marketplace and maintains excellent rental growth throughout lease-up providing substantial value add upside by pushing 2nd generation leases.
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Under Contract
The Fitzroy Grove
250 Units
2950 S Fitzroy Place
Rogers, AR  72758
Type: Conventional
Posted: 2/2/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Gates at South Bend, 147 units located in Tuscaloosa, Alabama. Tuscaloosa has produced outstanding growth over the past decade, benefitting from an economy backed by two pillars: University of Alabama ($2.8B impact) the Mercedes-Benz plant ($5.8B investment). Gates at South Bend is centrally located in Tuscaloosa with virtually immediate access to I-20. Residents are within 20 minutes of the Mercedes Benz manufacturing plant and 10 minutes of UA’s main campus. Originally constructed between 1976-1980 and heavily rehabbed from 2017-2021, Gates at South Bend offers future ownership a performing, heavily capitalized asset well below replacement cost.
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The Gates at South Bend
147 Units
3831 3rd Avenue E
Tuscaloosa, AL  35405
Type: Conventional
Posted: 9/21/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.
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Under Contract
The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type: Land
Posted: 10/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove, a 66-unit, 2022-constructed build-to-rent community located just 11 miles from downtown Tuscaloosa, AL. The Grove is the first purpose-built detached BTR community in the Tuscaloosa MSA. The property benefits from being one of two BTR assets in a supply constrained market, where average annual rent growth the past three years is 5%+. The property sits 11 miles from Tuscaloosa and the University of Alabama which is the fastest growing college in the nation boasting $2.8B in economic impact in Tuscaloosa. The community features 100% 4 & 5 BR detached homes averaging 2,143 SF, attached garages, private fenced yards and premiere unit features offering residents a quality home with professional property management efficiencies. Arriving to market midway through an excellent lease-up, the community is poised to be a rent leader in a market with limited new supply of conventional multifamily and institutionally developed BTR communities
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The Grove Moundville
66 Units
12898 Grove Circle
Moundville, AL  35474
Type: Build for Rent
Posted: 6/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Lory of Hoover apartment community located in Birmingham, AL. This asset is situated less than a mile south of the I-459 and I-65 Interchange, allowing residents to experience convenient access to all of Birmingham’s employment opportunities, retail amenities, and leisure activities. The asset exited its LIHTC program in 2020 and allows the next investor to implement a value-add campaign and further boost rents. Built in 1974, Lory of Hoover offers an outstanding opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.
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The Lory of Hoover
Offers Due:  Wednesday, June 7, 2023
174 Units
2149 Emerald Pointe Drive
Hoover, AL  35216
Type: Conventional
Posted: 4/25/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Meridian at Fondren, a 245-unit, 2016-built apartment community located in Jackson, MS. The asset’s luxurious interiors, best-in-class amenities, and centralized location embedded amongst The University of Mississippi Medical Center (UMMC) via a ground lease with UMMC, caters to an upscale tenant base exemplified by an average household income of $88K+ within 1 mile of the asset. The asset affords residents luxurious finishes with modernized use of space while maintaining walkability to quality dining, shopping, entertainment options, along with UMMC & St. Dominic with its 13,000+ combined jobs. With strong in-place demand, management has successfully pushed rental rates $100+ on the latest leases, and the next owners can initiate a light value add program and push rents $85-$115 with minimal capital spent. Built in 2016, The Meridian at Fondren arrives to market 96% occupied with strong operational trends providing new ownership a foundation for immediate growth in an irreplaceable location in Jackson.
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The Meridian at Fondren
245 Units
802 Lakeland Drive
Jackson, MS  39216
Posted: 5/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Thomas Jefferson Tower, a 96-unit, 1929-built and 2017-redeveloped mixed-use luxury community located in the heart of Downtown Birmingham. The offering includes 11K+ SF of retail and a separate parking lot with 90 spots. TJ Tower offers residents a unique urban living experience in a truly irreplaceable location in the heart of Downtown Birmingham, AL. Birmingham has the nation’s second lowest unemployment rate according to the Wall Street Journal and has added 80K+ jobs since April 2020. TJ Tower is anchored by Birmingham’s expansive healthcare industry with the University of Alabama at Birmingham ranking the #1 Best Large Employer in America by Forbes with a total of 23K jobs and an employment impact of 64K within a 15-minute walk of the property. Also, the asset is primed to benefit from the city’s emergence as a technology hub, ranked as #2 up-and-coming tech hot spots according to MarketWatch. Centralized in the revitalized Central Business District, TJ Tower has direct walkability to the newly delivered Protective Field, acclaimed restaurants, and Regions Field which is home to the Birmingham Barons, an AA affiliate of the Chicago White Sox.
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Under Contract
Thomas Jefferson Tower
96 Units
1623 2nd Ave N
Birmingham, AL  35203
Posted: 8/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Timber Leaf, a newly delivered 92-unit Build-to-Rent (BTR) community located in the low-supply, high-growth Bessemer submarket of the Birmingham AL MSA. Timber Leaf is well-positioned just minutes away from some of the metro’s biggest upcoming economic developments, most notably the upcoming $400M UAB Medical West Hospital development which delivers in 2024 (1,000+ jobs) and the upcoming $1.1 Billion Smucker’s facility which delivers in 2025 (750+ jobs). The Bessemer submarket has captured a big chunk of the metro’s job growth especially in the industrial space. Fully delivered in 2023, Timber Leaf offers an outstanding unit mix of 3-5BR detached single family homes with large floorplans (2,018 avg SF) and brick/hardi exteriors. The asset benefits from being the only BTR asset in an under-supplied submarket, which has experienced 5%+ rent growth YOY for the last 5 years. Timber Leaf arrives to market with a strong lease up (67% pre-leased occupancy) and embedded organic rent growth for the next investor.
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Timber Leaf
Offers Due:  Wednesday, June 14, 2023
92 Units
5636 Timber Leaf Loop
Bessemer, AL  35022
Type: Build for Rent
Posted: 5/10/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Uptown Terrace, a 260-unit, 2021-built apartment community with 28,075 SF of commercial space located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart, which is currently constructing its new Global Headquarters, as well as 2 other fortune 500 companies, each within a 15-mile radius. Uptown Terrace is now 95%+ occupied following a tremendous leasing season that averaged 26+ units/month velocity from January 2022- May 2022. The property offers the next investor unmatched amenities and finishes in the marketplace and has maintained excellent rental growth throughout lease-up offering substantial value add upside by pushing 2nd generation leases.
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Uptown Terrace
260 Units
4604 S 53rd Street
Rogers, AR  72758
Posted: 10/6/2022