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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 3237 East Apartment Homes, a 130-unit apartment community located in Greensboro, NC. This asset is situated in a desirable North Greensboro pocket, which currently ranks #1 in the market for annual effective rent growth and occupancy. Robust demographics, high barriers to entry, and exploding home value growth also contribute to the property’s strong positioning. Yanceyville Street and E. Cone Blvd allow residents to seamlessly connect to the plethora of retail, dining, and entertainment nearby. Strong economic drivers, including VF Corporation, Cone Health, and Honda Aircraft, are within minutes, while major corporate expansions including Toyota and Amazon, further confirm the positive momentum of Greensboro's economy. Built in 1988, 3237 East Apartment Homes represents an outstanding opportunity to invest in an ideal value-add program with potential to earn revenue by submetering for water/sewer, adding washers and dryers, and bringing two non-revenue units online. After completing these proposed projects, new ownership will boost NOI by $339K and achieve a 27% ROI.
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Under Contract
3237 East Apartment Homes
130 Units
3237 Yanceyville Street
Greensboro, NC  27405
Type: Conventional
Posted: 1/25/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 501 Estates, a 270-unit apartment community in Durham, North Carolina. 501 Estates is in a premier pocket of Durham that is bolstered by robust submarket fundamentals and a stellar tenant base. Southwest Durham’s effective rents have increased 38% since 2018 and are anticipated to grow an additional 16% through 2026. Average HHI is over $125K, 76% of the population is white collar, and 66% have graduated with a bachelor’s degree or higher. Ideally situated near Durham-Chapel Hill Blvd, the asset has streamlined access to the plethora of retail options that line the throughfare as well as 65,000 Eds & Meds jobs stemming from Duke University (6 minutes) and UNC Chapel Hill (14 minutes), two tier I educational institutions with esteemed healthcare systems. Additionally, a location less than 10 minutes from I-40 and I-85 provides residents a direct connection to the 500K+ Triangle Market jobs that are within a 30-minute commute. Built in 2001, 501 Estates offers a picturesque setting with mature foliage set on 30+ unique, park-like acres and a top-of-the-market amenity set including a brand new 3,000 SF free standing gym. The asset is distinctive from Class A and B product in the submarket as townhome (2-car garage) and cottage (1-car garage) style units comprise nearly 35% of the unit mix. New ownership has the opportunity to leverage an extremely unique, core plus value-add asset in a sought-after location of the Research Triangle. Proximate comparable assets demonstrate $200+ headroom that can be closed through completion of a proven renovation program and mark-to-market leasing.
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501 Estates
Offers Due:  Thursday, June 1, 2023
270 Units
240 Ivy Meadow Lane
Durham, NC  27701
Type: Conventional
Posted: 5/3/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Accent Southrail Apartments, a 304-unit community. Additionally, there is an opportunity to acquire Accent Southrail Townhomes, an adjacent 53-unit community scheduled to deliver in Q4 2023.

These two communities are centrally located at the convergence of I-77, S. Tryon, Billy Graham Pkwy and the Lynx lightrail system, offering unparalleled convenience to 265K+ jobs within a 15-minute commute. In addition to accessibility, the highly amenitized micro location provides walkability to a plethora of retail and entertainment in LoSo, including 8 breweries and the highly anticipated Rally Pickleball. The location’s unmatched accessibility and superior lifestyle amenities are bolstered by a strong demographic profile ($105K on-site), which has spurred home values to increase at twice the pace (108%) of neighboring zip codes in the past 5 years.

Accent Southrail Townhomes is differentiated from the overwhelming majority of supply coming to infill Charlotte, as there are no BTR units under construction in the submarket and only 2 assets completing lease-up. The lack of BTR supply, particularly along the lightrail, will provide the Townhomes a competitive advantage to continuously outpace the market. Built in 2022 and 2023, Accent Southrail Apartments & Townhomes offer investors a diversified, institutional quality asset with a coveted lightrail location that is primed for outsized returns inside of Charlotte’s fastest growing submarket.

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Accent Southrail
304 Units
6026 Station Crossing Avenue
Charlotte, NC  28217
Type: Conventional
Posted: 5/23/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Braxton at Woods Lake apartment community located in the emerging Southeast primary market of Greenville, SC. Built in 1997, the property is situated just 3 miles East of downtown Greenville providing residents access to a plethora of retail including Whole Foods, Haywood Mall: the largest indoor mall in South Carolina, high paying jobs (110k+ within 15 minutes), and top-notch education (A rating). The immediate area surrounding the property boasts exceptional demographics with an average household income of $85k and dominant white-collar workforce (63%) further supported by 24% projected rent growth through 2027. Arriving to market achieving premiums up to $250+, Braxton at Woods Lake’s proven value presents new investors an exceptional opportunity to acquire a well-capitalized asset ($2.9M+ in CapEx since 2015). Lagging behind all competitors on a PSF basis, implementing a value-add 2.0 initiative will command the property additional premiums of $215+ to set the property in line with top of market competitors.
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Braxton at Woods Lake
Offers Due:  Wednesday, June 14, 2023
232 Units
412 Woods Lake Road
Greenville, SC  29607
Type: Conventional
Posted: 5/15/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit, 482-bed, CEV Upstate student housing apartment community located in Spartanburg, SC. Situated along the commerce-rich Interstate 85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (11,000 employed) and burgeoning high-tech economy. Since the start of 2021, Spartanburg County has announced over $4B in capital investments, resulting in 6,000 new jobs for the area. The off-campus housing complex lies directly next to the University of South Carolina Upstate in an area of East Spartanburg that supports over 70k jobs within a 20-minute drive, impressive projected rent growth of 19% through 2028, skyrocketing home values, and a strong white-collar workforce (50%). Built in 2008, CEV Upstate arrives to market with a top-notch amenity package and ideally positioned for a Class-A value-add campaign to bridge the gap between submarket competitors and command average premiums of $90+/bed ($270/unit).
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CEV Upstate
157 Units | 482 Beds
101 Campus Suites Drive
Spartanburg, SC  29303
Type: Student
Posted: 4/18/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Chapel View apartment community located in Chapel Hill, NC. This asset is situated in the thriving multifamily market in Chapel Hill and is benefiting from its proximity to UNC Chapel Hill. Just south of I-40, Chapel View is given streamlined access to Durham, RTP, and the entirety of the rapidly expanding Triangle. The property is just minutes from top retail including Whole Foods, Starbucks, Trader Joes, and Harris Teeter. Built in 1986, Chapel View offers an outstanding opportunity to invest in an asset that has received over $1.5 million in capital expenditures since the end of 2021. Incoming investors can continue the established, proven value-add program and increase NOI by over 23%.
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Under Contract
Chapel View
224 Units
2701 Homestead Road
Chapel Hill, NC  27516
Type: Conventional
Posted: 2/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 483-unit Edgewater Village apartment community located in Greensboro, North Carolina. This asset is situated in the thriving West Greensboro submarket. Built in 1974, Edgewater Village represents an outstanding opportunity to invest in a proven value-add opportunity in an excellent location, with an additional 6.37 acre parcel, zoned for 12 units per acre, included in the sale. The beautiful, 45-acre property includes 5 lakes, totalling over 7 acres, that offer residents a unique, tranquil environment for both viewing and fishing. In one the most sought-after pockets of one of the fastest-growing cities in the country, the property is nearby the Triad’s largest employment node and a multitude of popular retail destinations. By continuing the proven value-add initiative, incoming investors can increase NOI by 35%.
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Edgewater Village
Offers Due:  Tuesday, June 6, 2023
483 Units
5500 Weslo Willow Drive
Greensboro, NC  27409
Type: Conventional
Posted: 5/3/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 434-unit Columbia Value-Add 3 Portfolio, which can be acquired together or individually. Located in two of Columbia’s most prestigious and high barriers to entry submarkets, Dutch Fork and Lexington, residents at each asset enjoy direst access to 142k+ jobs within a 20-minute drive, seamless connectivity to the area’s largest employers, top tier retail, and higher education paving the way for continued appreciation. Furthermore, the immediate areas provide exceptional demographics with high avg. household incomes, predominantly white-collar workforces, and diminishing multifamily pipelines surrounding each asset. The portfolio arrives to market displaying attractive fundamentals including steady occupancy levels (98% avg.), an attractive mix of outsized floorplans as 50% of units are townhomes, an 18+ year ownership hold, and the opportunity for future development on Three Rivers’ additional 3 acres of land. Built from 1970-1974, this portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well maintained assets ($2.9M+ in CapEx since 2020) with proven value-add programs achieving average premiums of $140.
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Under Contract
Columbia Value-Add 3 Portfolio (3 properties, 434 units)
Fountains of Edenwood
168 Units
1206 North Eden Drive
Cayce, SC  29033
Type: Conventional
Posted: 2/7/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 22.3-acre Hanes Multifamily Development Site in Winston-Salem, NC. Located in a busy submarket and currently part of Hanesbrands Inc.’s park-like corporate headquarters campus, the site is zoned for Corporate Park Office but has great potential as a multifamily development site upon a successful rezone. The site has convenient access to national retailers, abundant dining options, and hotels. It is also within 10 minutes of two major economic drivers in the market: Wake Forest University and Smith Reynolds Airport. The Triad as a whole, home to multiple major corporate headquarters, has continued to gain momentum as companies invest in the market and their employees relocate. The Hanes Multifamily Development Site presents an enticing opportunity for multifamily developers to invest in a market that has seen impressive capital infusion.
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Hanes Multifamily Development Site
22.3 Acres
1000 East Hanes Mill Rd
Winston-Salem, NC  27105
Type: Land
Posted: 3/8/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Latitude at The Commons, a 288-unit multifamily property located directly off Highway 17 and just minutes away from the popular Market Common community Myrtle Beach, SC. Strategically positioned in the primary residential and recreation node of the nation’s fastest growing midsized city since 2020 with an impressive 30% population growth since 2017, the asset is situated with easy access to top retail, entertainment, healthcare, and employment hubs. Myrtle Beach’s rapidly expanding population highlights its diverse demographics supporting a strong multifamily foundation, resulting in unprecedented rent and supply growth. Historically high barriers to entry for home ownership continue to price potential buyers out of the market, forcing them to turn to rental options and adding to existing supply constraints resulting in record high demand for apartments. Completed in 2009 by Trammel Crow Residential, Latitude at The Commons’ spacious floor plans, detail-oriented finishes and modern amenity package presents an exceptional opportunity to acquire an institutional quality asset with attractive debt and unmatched rental headway ($365+).
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Under LOI
Latitude at the Commons
288 Units
2222 Crow Lane
Myrtle Beach, SC  29577
Type: Conventional
Posted: 2/6/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 180-unit Madison Woods apartment community located in Greensboro, NC. This asset is situated in the desirable West Greensboro submarket, surrounded by a multitude of high end stores, restaurants, and entertainment within a 2.5 mile radius. Madison Woods is less than 2 miles from I-840, which provides easy connectivity to the plethora of employment drivers in the Triad. Toyota, Cone Health, Boom Supersonic, Publix, and Amazon have plans to expand in the area, adding to the significant economic growth that the Triad is currently experiencing. Built in 1968, Madison Woods offers an outstanding opportunity to complete a proven, in-place value-add program and boost NOI by 25%.
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Under LOI
Madison Woods
180 Units
5505 Tomahawk Drive
Greensboro, NC  27410
Type: Conventional
Posted: 1/30/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Southeast Value-Add 3 Portfolio, which can be acquired together or individually. Located in three of the Southeast’s most prestigious and high barriers to entry markets, Savannah, Beaufort, and Columbia, residents at each asset enjoy seamless connectivity to the area’s largest employers, including the resilient industries of medical, government, logistics, and hospitality. Coastal cities are the preeminent drivers of the Southeast’s population migration with Beaufort and Savannah at the vanguard of these trends, posting 63% and 37% increases since 2000, respectively. Columbia also continues to grow and flourish as South Carolina’s state capital as $3B+ in capital investments and 2.6k+ jobs have been announced since 2020. The immediate areas surrounding the properties provide exceptional demographics with substantial white-collar workforces, dwindling multifamily pipelines, and the majority of each population pursuing higher education. Built from 1973-1977, this portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in high growth Southeastern markets through three highly capitalized assets ($3.5M+ in CapEx) with proven value add programs achieving average premiums of $200.
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Under LOI
Southeast Value-Add 3 Portfolio (3 properties, 288 units)
Magnolia Square
92 Units
601 West 54th Street
Savannah, GA  31405
Type: Conventional
Posted: 3/10/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Myrtle Landing, a 144-unit townhome community located in the rapidly-growing city of Wilmington, NC. Situated on a sprawling 50-acre site with tranquil pond views, the low-density (2.84 Units/AC) asset features high-end coastal-inspired design, expansive floorplans and an unrivaled amenity package including a full chip-and-putt, brand-new pickle ball court, multiple ponds and community gardens. Homes in the submarket are selling in the millions, allowing Myrtle Landing to act as an excellent rental alternative for the growing number of residents priced out of home ownership. The region has seen considerable population growth in recent years while new supply has lagged, allowing consistent rent growth and steady occupancy. Myrtle Landing’s long-term desirability is bolstered by its increasingly affluent micro-location ($150K+ Avg. HHI On-Site) and seamless access to the city’s top amenities and employers via adjacent Highway-421. Nearby rent comps including Grand View and Cottages at Riverlights provide up to $1,000 in headroom, highlighting incoming ownership’s outstanding opportunity to acquire one of the market’s highest-quality assets, offering a clear path to grow rents significantly through a mark-to-market leasing strategy.
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Myrtle Landing
Offers Due:  Wednesday, June 14, 2023
144 Units
7220 Myrtle Grove Road
Wilmington, NC  28409
Type: Conventional
Posted: 5/4/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Southeast Value-Add 3 Portfolio, which can be acquired together or individually. Located in three of the Southeast’s most prestigious and high barriers to entry markets, Savannah, Beaufort, and Columbia, residents at each asset enjoy seamless connectivity to the area’s largest employers, including the resilient industries of medical, government, logistics, and hospitality. Coastal cities are the preeminent drivers of the Southeast’s population migration with Beaufort and Savannah at the vanguard of these trends, posting 63% and 37% increases since 2000, respectively. Columbia also continues to grow and flourish as South Carolina’s state capital as $3B+ in capital investments and 2.6k+ jobs have been announced since 2020. The immediate areas surrounding the properties provide exceptional demographics with substantial white-collar workforces, dwindling multifamily pipelines, and the majority of each population pursuing higher education. Built from 1973-1977, this portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in high growth Southeastern markets through three highly capitalized assets ($3.5M+ in CapEx) with proven value add programs achieving average premiums of $200.
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Under LOI
Southeast Value-Add 3 Portfolio (3 properties, 288 units)
Oak Tree Village
96 Units
2208 Southside Blvd.
Port Royal, SC  29935
Posted: 3/10/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 236-unit Osprey Cove North apartment community located in Jacksonville, NC. This asset is strategically located in a unique market, anchored by Camp Lejeune Marine Base and just 2 miles from Marine Corps Air Station New River. Built in 1971, Osprey Cove North offers an outstanding opportunity to invest in a quality, low maintenance asset that has received close to $600K in capital improvements since March 2021. Continuing the proven value-add initiative at Osprey Cove North could potentially boost the trailing 12-month NOI by over 37%. With only 56 unit deliveries since 2015 and nearly zero deliveries projected through 2024, the lack of development pipeline will continue to drive rent increases in Jacksonville’s low-risk, stable economy.
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Osprey Cove North
236 Units
118 Broadhurst Road
Jacksonville, NC  28540
Type: Conventional
Posted: 8/15/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Park Ridge, a 122-unit Build-to-Rent townhome community in Myrtle Beach, SC on a forward sale transaction. The property is strategically located in the nation’s fastest growing city, boasting 32% population growth since 2011. Situated in the market’s primary recreation node, Park Ridge offers unbeatable access to the area’s top retail and entertainment, including the 162-acre North Myrtle Beach Sports Complex and the east coast’s largest wake park next-door. Myrtle Beach’s rapidly expanding millennial and boomer demographic bases highlight the submarket’s unique ability to support unprecedented growth within the Build-to-Rent space, as skyrocketing home-ownership costs and limited supply continue to price prospective home-buyers out of the market. Delivering in 2023, the Class-A community will feature best-in-class finishes and amenities, appealing to the area’s established tenant base who desire the conveniences of single-family living without the burdens and increasing financing costs of ownership. Market comparables and submarket projections outline the property’s vast rent potential (almost $2,400 at first CO), and highlight incoming ownership’s opportunity to acquire a differentiated, high-quality asset at an extremely attractive basis.
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Under Contract
Park Ridge
122 Units
Champions Blvd
Myrtle Beach, SC  29577
Type: Build for Rent
Posted: 7/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 20.42-acre Parkside Multifamily Development Site in Port Wentworth, GA. Zoned and entitled by-right for multifamily, current plans call for 235 multifamily apartment units to be built on the site. Building permits are already in hand for the site, which will be just down the road from Port Wentworth’s new $30 million, 150-acre Recreation Park. The site is less than 2.5 miles from a Publix. It is also notably 4 miles from Georgia Tech Savannah and 7.5 miles from the Savannah/Hilton Head International Airport. Port Wentworth, nicknamed Savannah’s Front Porch, has witnessed an explosion in population, more than doubling in size between the last two US Censuses. The city has benefited from Savannah’s port and industrial expansion and boasts a strong job market. Chatham County’s Class A multifamily market has surged, and average rents are expected to exceed $2,000 in 2023. The Parkside Multifamily Development Site presents an enticing, shovel-ready opportunity to break into a booming multifamily market with scale.
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Parkside Multifamily Development Site
20.42 Acres
436 Highway 30
Port Wentworth, GA  31407
Type: Land
Posted: 5/23/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.67-acre Pinnacle Springs Finished Lot Townhome Development Site in Rogers, AR. Zoned by-right for multifamily, current plans call for 86 build-to-rent or for-sale townhomes to be constructed on the site, which will be adjacent to a Whole Foods anchored mixed-use master-planned development. Located between Downtown Rogers and Bentonville, the site’s micro market boasts over 5M SF of retail in close proximity along the Pinnacle Hills Pkwy Corridor. It also has direct access to the region’s vast web of shared-use trails. Northwest Arkansas is home to three Fortune 500 companies, has a sub-3% unemployment rate, and is also home to the University of Arkansas, making it a flourishing region of great opportunity. Population growth and plentiful employment opportunities have led to strong home value increases. With its MSA maintaining strong fundamentals and a bright outlook, the Pinnacle Springs Finished Lot Townhome Development Site presents an enticing opportunity to break into a prominent, attractive market.
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Pinnacle Springs Townhome Development Site
8.67 Acres
S. Promenade Blvd
Rogers, AR  72758
Type: Land
Posted: 4/18/2023