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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 511 Queens, a 64-unit boutique apartment community located in Charlotte’s affluent submarket of Myers Park. The walkable neighborhood is defined by upscale retail, trendy restaurants, and is one of the most sought-after residential submarkets in the Southeast. Myers Park is nestled between Uptown, the vibrant downtown employment district offering 116,000+ jobs, and SouthPark, a premier infill live-work-play destination. It is also moments from the city’s largest hospitals of Novant and Atrium, creating 32,000+ total jobs. Propelled by luxurious best-in-class features and a distinguished presence along Queens Road, 511 Queens arrives nearing stabilization after a rapid lease-up with strong in-place rents. With stabilization imminent, investors are ideally positioned to realize embedded rent growth driven by the continuation of proven lease-up concession burn off, attractive fundamentals highlighted by blue-chip renter profiles, and catalyzing new development surrounding Myers Park, positioning 511 Queens as Charlotte’s premier boutique asset.
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Under Contract
511 Queens
64 Units
511 Queens Road
Charlotte, NC  28207
Type: Conventional
Posted: 12/18/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 85-unit Capital Flats & Magnolia Square apartment community located in Raleigh, North Carolina. This asset is situated in the heart of Raleigh, one of the fastest growing downtowns in the country. Built in 1982 with a $1.9M renovation completed in early 2020, Capital Flats offers an outstanding opportunity to invest in a unique asset primed to capitalize on growing demand for quality housing in the densest office market in the Triangle. With $2.3B in the current downtown development pipeline, Raleigh continues to grow and attract new residents, top businesses, and highly desirable retail.
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Capital Flats & Magnolia Square
Offers Due:  Thursday, May 28, 2020
85 Units
500 E Hargett Street
Raleigh, NC  27601
Posted: 3/18/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 460-unit Crowne at James Landing apartment community located in Jamestown, North Carolina. The property is situated in the exploding Piedmont Triad, ranking 4th in the nation for rent growth in secondary markets, seeing a 4.4% increase over the past 12 months. Rent growth momentum is forecasted to remain steady propped up by rising household incomes and fleeting unemployment for an affluent, suburban renter base that brings home an average household income of nearly $100K. Crowne at James Landing presents the perfect value-add canvas with 9’ ceilings, huge floorplans, and a recent capital infusion of nearly $3.5 Million. Built in 1996, it offers an outstanding opportunity to invest in an institutional quality product with a proven value-add program that could be expanded upon and augmented by $500K in additional other income to ultimately realize a 35% increase to NOI.
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Crowne at James Landing
460 Units
4610 Crowne Lake Circle
Jamestown, NC  27282
Type: Conventional
Posted: 10/11/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 204-unit, Cypress Run apartment community located in Columbia, SC. Embedded off of I-26 between Downtown Columbia and one of the largest retail corridors, Harbison Boulevard, Cypress Run sits near the top employment centers in the area. In addition, Cypress Run’s submarket is primed for further growth with top submarket rankings in effective rent growth (5.10%) and concession values in the first quarter of 2019. The asset also offers the chance to boost NOI by 32% with 99% of unit interiors left to be renovated and bring with market comparables that are averaging effective rents $100 - $170 higher.
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Under LOI
Cypress Run
204 Units
3430 Broad River Road
Columbia, SC  29210
Type: Conventional
Posted: 9/4/2019
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 15% increase to household income over the next 5 years and an unemployment rate below 4% in the immediate three-mile radius. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize $100-200 rental premiums, which nearby competitive properties are currently achieving in this rapidly transforming submarket.
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Delta Crossing
Offers Due:  Tuesday, June 30, 2020
178 Units
6000 Delta Crossing Lane
Charlotte, NC  28212
Type: Conventional
Posted: 5/27/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Flats on 7th apartment community located in Raleigh, North Carolina’s burgeoning suburb of Garner. The property is surrounded by premier retailers and major thoroughfares, providing access to nearby employment hubs and a surging downtown. A recent $3.8 million capital infusion has prompted strong operational momentum and distinguished the asset as the foremost property of its vintage in the submarket. A lack of new supply, a rapidly expanding population, and the second highest occupancy levels across the market have created ideal rent growth conditions. Built in 1982 and renovated in 2018, Flats on 7th represents an outstanding investment opportunity for new ownership to capture $20,000 in immediate organic rent growth as old leases turn, while also capturing the projected 10% rent growth in the submarket over the next 3 years.
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Flats on 7th
136 Units
917 Seventh Avenue
Garner, NC  27529
Type: Conventional
Posted: 1/24/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 128-unit Hunt Club apartment community located in Winston-Salem, North Carolina. This asset is situated in the rapidly-expanding Piedmont Triad, which saw market leading rent growth for the Southeast in the second quarter of 2019. The thriving economy of Winston-Salem has seen over $800M in funding for the Wake Forest Innovation Quarter while witnessing an influx of new residents seeking exciting opportunities in the tech and science fields. As a result, the immediate 3-mile radius around Hunt Club boasts extremely attractive demographics with the population consisting of 48% renters that bring home an average household income of over $84,000. Built in 1985, Hunt Club represents an outstanding opportunity to see a 37% NOI boost through the implementation of a market supported, interior value-add program that would command rental premiums of up to $100.
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Hunt Club
128 Units
103 Echo Glen Drive
Winston-Salem, NC  27106
Type: Conventional
Posted: 9/11/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Magnolia Terrace apartment community located in Charlotte, North Carolina. The asset is situated in the amenity rich University City suburb, which is experiencing phenomenal gains in population and employment – firmly cementing it as the second largest employment node in the MSA. Submarket performance continues to outpace the broader metro in rent growth, as average effective rent levels are expected to increase by $120 through 2022, while occupancy remains stable at 95%. Built in 1989, Magnolia Terrace is demonstrating spectacular operating momentum on the back of a recent $3.14M capital infusion and represents an outstanding opportunity to invest in an asset that can capture a 31% NOI boost through a multi-pronged value-add platform.
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Magnolia Terrace
264 Units
8301 Paces Oaks Boulevard
Charlotte, NC  28213
Type: Conventional
Posted: 2/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit, Marquis Gardens apartment community located in Durham, NC. Built in 1972, this asset received a capital investment of over $2 Million including a clubhouse remodel and 7 roofs replaced in 2018. The surrounding market indicates that potential investors can capitalize on a 400-unit value add program, as current rental rates trail recently renovated competitor properties by $200. Marquis Gardens provides residents, a diverse workforce ranging from manufacturing to global tech industries, with the best value in Durham. The growing infrastructure of Durham, muted submarket supply, and ease of accessibility to retail and jobs, provide a very positive future for potential investors.
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Marquis Gardens
Offers Due:  Thursday, June 4, 2020
400 Units
901 Chalk Level Road
Durham, NC  27704
Type: Conventional
Posted: 5/6/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 336-unit, North Lakes apartment community located in Greensboro, NC. The property offers an outstanding opportunity to invest in a well-performing asset within the economic powerhouse of the Piedmont Triad, strategically located beside a proposed exit off the future Greensboro Urban Loop (840). Built in 1972, North Lakes received a capital investment of over $2 Million in exterior amenities, including 71 roofs replaced in 2019, and ownership-implemented interior upgrades to 125 units. The immediate area is compacted with blue chip demographics, with averages HHI’s of over $94K expected to rise 13% by 2024. A high income renter base paired with the planned Urban Loop presents potential investors with the opportunity to complete the in-place value add program on the remaining 211 units to achieve an additional 26% in annual NOI.
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Under LOI
North Lakes
336 Units
2905 Cottage Place
Greensboro, NC  27455-2305
Type: Conventional
Posted: 3/25/2020
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. The asset is strategically located two miles from Jacksonville’s 2nd largest employer, Air Station New River (18,100 jobs). The property has received a capital infusion of $1.06M over the past 3 years, prepping the community for a proven value-add initiative that could potentially yield 21% ROI and boost NOI by 82%. With 28 new deliveries since 2014 and nearly zero deliveries projected through 2023, the lack of a development pipeline will continue to drive rent increases as Jacksonville’s low-risk, stable economy.
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Osprey Cove North
Offers Due:  Wednesday, June 3, 2020
236 Units
118 Broadhusrt Rd
Jacksonville, NC  28540
Posted: 5/5/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 353-unit Peppertree apartment community located in North Charleston, South Carolina. The asset is situated off Dorchester Road in close proximity to the top employment drivers in North Charleston where large investments have continually been made to expand and strengthen the Charleston job market. Built in 1983/1989, Peppertree offers an outstanding opportunity to see a 25% Return on Investment by completing the in-place value-add program, with 83% of units left to renovate generating proven premiums of $160. Peppertree also offers potential investors attractive assumable in-place agency financing with a low interest rate.
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Under LOI
Peppertree
353 Units
4640 Forest Hills Drive
North Charleston, SC  29418
Type: Conventional
Posted: 3/11/2020
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 15% increase to household income over the next 5 years and an unemployment rate below 4% in the immediate three-mile radius. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize $100-200 rental premiums, which nearby competitive properties are currently achieving in this rapidly transforming submarket.
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The Avalon
Offers Due:  Tuesday, June 30, 2020
240 Units
6000 Regal Estates Drive
Charlotte, NC  28212
Type: Conventional
Posted: 5/27/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 180-unit The Hamptons apartment community (the "Property") located in Charlotte, North Carolina. Built in 1996, The Hamptons represents the ideal value-add investment vehicle. The current value-add program is realizing average rental premiums of $170, and a new owner will be poised to capture a 16% increase in NOI through the completion of the program. The Property is situated in an optimal location along prominent thoroughfare, W.T. Harris Blvd, which provides access to the region’s premier retailers and largest employment nodes - totaling 114,000 jobs within 5 miles. The tailwinds of rising home values and increased employment in North Charlotte have resulted in ideal submarket growth fundamentals. Projections show the submarket realizing 3.3% year-over-year rent growth through 2023, resulting in an average rent increase of $148.
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Under LOI
The Hamptons
180 Units
8415 University Station Circle
Charlotte, NC  28269
Type: Conventional
Posted: 2/12/2020
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 15% increase to household income over the next 5 years and an unemployment rate below 4% in the immediate three-mile radius. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize $100-200 rental premiums, which nearby competitive properties are currently achieving in this rapidly transforming submarket.
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The Kelston
Offers Due:  Tuesday, June 30, 2020
310 Units
1207 Kelston Place
Charlotte, NC  28212
Type: Conventional
Posted: 5/27/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Residences at Diamond Ridge, a 336-unit apartment community located in Winston-Salem, North Carolina inside of the thriving Piedmont Triangle market, which ranked 7th in the nation for non-major market rent growth in the first quarter of 2020. The property’s strategic location within 10 minutes of the Triad’s most prominent employment and entertainment hubs will benefit from an economic evolution towards innovative fields of technology and medicine which is spurring the nationally recognized growth. Constructed in two phases (1962/1972), The Residences at Diamond Ridge represents a unique, large-scale investment opportunity, which has received over $1.2M in capital investment over the past 18 months and is now primed to realize a 71% increase to NOI through a targeted interior value-add program.
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The Residences at Diamond Ridge
Offers Due:  Wednesday, June 10, 2020
336 Units
730 Anson Street
Winston-Salem, NC  27103
Type: Conventional
Posted: 5/12/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Residences at Fayetteville, a 120-unit apartment community located in Fayetteville, North Carolina. The property is surrounded by the region’s prominent thoroughfares, which provide residents convenient access to the plethora of retail in the immediate area, as well as the largest employers in the city, including Fort Bragg. Built in 1969 and renovated in 2019, The Residents at Fayetteville offers an outstanding opportunity to invest in an asset with very little deferred maintenance after a recent $1M+ capital infusion. Furthermore, an extremely successful in-place multi-pronged value-add initiative is underway, presenting upside of a potential 20% boost in annual NOI.
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The Residences at Fayetteville
Offers Due:  Tuesday, June 9, 2020
120 Units
600 Ashbrook Court
Fayetteville, NC  28314
Posted: 3/4/2020