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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 41-unit 612 Hillsborough apartment community located in Chapel Hill, North Carolina. This asset is located strategically in the center of Chapel Hill, an integral part of the rapidly expanding Research Triangle. Residents of 612 Hillsborough have convenient access to the largest employment/education hubs in the area, including UNC, Duke University, and Research Triangle Park. The asset is also short distance away from many shopping, dining, and entertainment options. Built in 1967, 612 Hillsborough offers an outstanding opportunity to invest in an exceptional asset in the thriving Chapel Hill area. New ownership can implement the proposed value-add initiative by renovating all 40 two-bedroom units to achieve $100 premiums and an ROI of 24%.
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612 Hillsborough
41 Units
612 Hillsborough Street
Chapel Hill, NC
Type: Conventional
Posted: 11/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 36-unit Anson Apartment community located in Winston-Salem, North Carolina. The asset is strategically positioned alongside the area’s major thoroughfares that connect the MSA’s multiple, major higher-ed institutions and economic drivers. Attractive demographic trends paired with 22% home value growth and 15% rent growth over the past year has brought attention to Winston-Salem as the Triad prepares for a major economic boom. National General Insurance, and the recently announced Toyota Battery Manufacturing plant are two projects that are intended to bring over 4,000 jobs to the area once completed. With industries expanding, Winston-Salem will continue to grow as the unemployment rate dwindles and population continues to increase. Anson Apartments offers an outstanding opportunity to invest in an asset that has been newly renovated, as previous ownership has completed an impressive $1.2 million multifaceted renovation project. Incoming ownership can restructure utilities to earn an additional 4% boost to NOI.
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Anson Apartments
Offers Due:  Tuesday, January 25, 2022
36 Units
604-612 Anson Street
Winston Salem, NC  27103
Posted: 12/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ardmore King’s Grant (357 units), located in Charlotte, North Carolina and Ardmore Cates Creek (270 units), located in Hillsborough, North Carolina. These two Core Plus assets provide investors rare-to-find scale (627 units) and diversification across two of the fastest growing markets in the country. The Charlotte and Raleigh-Durham markets currently rank 5th and 6th nationally for rent growth and are on pace to continue capturing double digit rent growth in 2022. Both properties are located in sought-after, suburban locations characterized by blue chip demographics, surrounded by premier retail, and enjoy unmatched connectivity to each market’s major job nodes via Interstate 85. Built in 2015/2016, the assets offer investors optimal bones with 9’ ceilings and premier locations coupled with the opportunity to push rents $300+ by expanding upon the proven value-add program in place, resulting in a $2,300,000 increase to total NOI or an average increase of 45%.
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Under Contract
Ardmore Portfolio (2 properties, 627 units)
Ardmore Cates Creek
270 Units
100 Waterstone Park Cir
Hillsborough, NC  27278
Type: Conventional
Posted: 10/11/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ardmore King’s Grant (357 units), located in Charlotte, North Carolina and Ardmore Cates Creek (270 units), located in Hillsborough, North Carolina. These two Core Plus assets provide investors rare-to-find scale (627 units) and diversification across two of the fastest growing markets in the country. The Charlotte and Raleigh-Durham markets currently rank 5th and 6th nationally for rent growth and are on pace to continue capturing double digit rent growth in 2022. Both properties are located in sought-after, suburban locations characterized by blue chip demographics, surrounded by premier retail, and enjoy unmatched connectivity to each market’s major job nodes via Interstate 85. Built in 2015/2016, the assets offer investors optimal bones with 9’ ceilings and premier locations coupled with the opportunity to push rents $300+ by expanding upon the proven value-add program in place, resulting in a $2,300,000 increase to total NOI or an average increase of 45%.
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Under Contract
Ardmore Portfolio (2 properties, 627 units)
Ardmore King's Grant
357 Units
9015 Kings Grant Drive
Charlotte, NC  28262
Type: Conventional
Posted: 10/11/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 680-unit Charleston ARIUM 3 Portfolio, which can be acquired together or individually. Located in two of Charleston’s most prestigious submarkets, North Charleston and Mt. Pleasant, the assets are situated in highly sought after and high barrier to entry submarkets boasting over 60k+ jobs within 5-miles of each location, unmatched lifestyle amenities including direct access to Shem Creek, top tier retail, Downtown Charleston and higher education paving the way for continued appreciation. The portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well capitalized assets that are primed for a value-add campaign to achieve average premiums of up to $340.
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Charleston ARIUM 3 Portfolio (3 properties, 680 units)
ARIUM St. Ives
248 Units
7930 St. Ives Road
North Charleston, SC  29406
Type: Conventional
Posted: 5/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 72-unit Bearfoot Landing apartment community located in New Bern, NC. This asset is desirably located in the heart of New Bern, NC, where residents are within walking distance of the waterfront and are short drive away from 2 major shopping destinations. Several large employers, such as MCA Cherry Point, Fleet Readiness Center East, and Carolina East Health System are located in New Bern and contribute greatly to the area’s economy. Built in 1945, Bearfoot Landing offers an outstanding opportunity to inherit a well-maintained asset with 8 units coming back online with high end finishes that will generate an additional $103k in annual revenue.
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Bearfoot Landing
72 Units
1350 Trent Boulevard
New Bern, NC  28560
Posted: 10/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 137-unit Bramar Gardens apartment community located in Charlotte, NC. Built in 1968, the property is poised to benefit from the area’s limited pipeline and consistent demand. Increased population, rising income, and skyrocketing home values bolster the area’s strong fundamentals, providing confidence impressive growth trends will continue. Just off I-85, the property provides residents direct access to popular retail and entertainment as well as the city’s largest employment hubs, University City and Uptown. With nearby competitors providing substantial rent headroom, Bramar Gardens offers incoming ownership the opportunity to boost annual NOI by more than $416,000 through execution of a market-supported value-add platform.
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Bramar Gardens
137 Units
3100 Southwest Blvd
Charlotte, NC  28216
Type: Conventional
Posted: 11/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the I-85 Corridor Value-Add Portfolio consisting of 4 properties, 570 units strategically situated in North Carolina’s fastest growing markets - Charlotte, Piedmont Triad, and the Raleigh-Durham Research Triangle. The properties are poised for substantial growth with unparalleled access to a plethora of jobs, higher education, strong household income growth, and seamless connectivity through major thoroughfares. The portfolio presents with an opportunity to capitalize on a proven value-add campaign already achieving $100-$175 rent premiums over standard units. Renovating the remaining 50% of units brings huge upside with solid premiums supported by excellent rent growth projections across all three markets. Ranging from late 1980s to mid-2000s vintage, the I-85 Corridor Value-Add portfolio presents an excellent framework to build upon in one of the fastest growing regions in the country.
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Under LOI
I-85 Corridor Value-Add Portfolio (4 properties, 570 units)
Crescent Oaks
80 Units
130 West Crescent Square Drive
Graham, NC  27253
Posted: 8/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 3-property, 1980s-1990s vintage, 178-unit GSO Portfolio located in Greensboro, NC. Guilford Place, Nottingham, and Pepper Tree apartment communities are ideally located in the rapidly growing West Greensboro submarket where home values, household income growth, employment opportunities, and retail expansion are on the rise. The GSO Portfolio is primed for organic rent growth in a submarket projected to see 4.4% YoY rent growth through 2025. Furthermore, incoming ownership can capitalize on a market supported value-add initiative by pushing rents $150+ culminating in a staggering 60% boost to NOI.
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Under Contract
GSO Portfolio (3 properties, 178 units)
Guilford Place Apartments
44 Units
320 Guilford College Rd
Greensboro, NC  27409
Posted: 8/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Mock Judson Mill, a Historic Rehabilitation project in Greensboro, NC. The building has been vacant since 1997 and was placed on the National Register of Historic Places in 2011. The proposed project will consist of 173 units with diverse floorplans, high end finishes, and a multitude of excellent community amenities. Mock Judson Mill is located in a top submarket projected to see 4.4% YoY rent growth through 2025. Furthermore, incoming ownership can capitalize on the North Carolina State Mill Rehabilitation Tax Credits which brings in state and municipal support to execute the project.
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Under LOI
Mock Judson Mill
173 Units
2610 Oakland Avenue
Greensboro, NC  27403
Posted: 9/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group, in conjunction with the Equity, Debt & Structured Finance team, has been exclusively retained by Middleburg Communities (the "Sponsor") to arrange a joint venture equity investment for the recapitalization of a three-property, 932-unit multifamily portfolio (the "Portfolio" or "Properties") located in the Sunbelt. The Sponsor constructed the Properties from 2017-2020 and will have successfully leased and stabilized the assets at the time of closing. The Portfolio represents an exceptional opportunity to invest in a well-positioned, geographically diverse multifamily portfolio. The Sponsor is looking to repatriate equity and is seeking a JV partner to recapitalize the Portfolio on a 90/10 basis for an investment of approximately $66 million. The Portfolio will serve as a catalyst for the Sponsor to create a new, long-term relationship with an institutional partner.
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Mosby Portfolio (3 properties, 932 units)
Mosby Ingleside
312 Units
3730 Ingleside Boulevard
Ladson, SC  29456
Type: Conventional
Posted: 5/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group, in conjunction with the Equity, Debt & Structured Finance team, has been exclusively retained by Middleburg Communities (the "Sponsor") to arrange a joint venture equity investment for the recapitalization of a three-property, 932-unit multifamily portfolio (the "Portfolio" or "Properties") located in the Sunbelt. The Sponsor constructed the Properties from 2017-2020 and will have successfully leased and stabilized the assets at the time of closing. The Portfolio represents an exceptional opportunity to invest in a well-positioned, geographically diverse multifamily portfolio. The Sponsor is looking to repatriate equity and is seeking a JV partner to recapitalize the Portfolio on a 90/10 basis for an investment of approximately $66 million. The Portfolio will serve as a catalyst for the Sponsor to create a new, long-term relationship with an institutional partner.
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Mosby Portfolio (3 properties, 932 units)
Mosby Poinsett
288 Units
6001 Hampden Way
Greenville, SC  29609
Type: Conventional
Posted: 5/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 34-unit NOMA Flats apartment community located in Richland County, Columbia, South Carolina. This asset is situated in the rapidly expanding Elmwood Park neighborhood within the Central Columbia/University submarket. This historic community is known as “Columbia’s Front Porch”, characterized by strong projected rent growth (12.6%), steadily growing HHI (13.5%), and predominately white-collar employment (71%). Built in 1970, NOMA Flats represents an outstanding opportunity to invest in a vibrant and notable community. With 8 units fully renovated, new ownership is provided a value-add opportunity to upgrade the remaining 26 (75%) to the same finish level and commands average premiums of $155.
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Under Contract
NOMA Flats
34 Units
2637 River Drive
Columbia, SC  29201
Posted: 8/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit North Oaks Landing apartment community located in Raleigh, NC. This asset is situated in the rapidly-expanding North Hills area, a submarket transitioning into a new employment hub as Advanced Auto Parts leads the way with a new HQ only a mile from the property. Outstanding demographic trends paired with a 22% home value growth over the past 12 months have brought national investor recognition to the area as urban development materializes. The community is primed for a market supported value-add initiative targeting unit interior upgrades, with potential to increase NOI by 32%. North Oaks Landing is a strong asset situated in a market with an advantageous rent forecast, low unemployment rate, wealthy workforce, and growing population.
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Under LOI
North Oaks Landing
200 Units
2038 Quail Forest Drive
Raleigh, NC  27609
Type: Conventional
Posted: 10/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 3-property, 1980s-1990s vintage, 178-unit GSO Portfolio located in Greensboro, NC. Guilford Place, Nottingham, and Pepper Tree apartment communities are ideally located in the rapidly growing West Greensboro submarket where home values, household income growth, employment opportunities, and retail expansion are on the rise. The GSO Portfolio is primed for organic rent growth in a submarket projected to see 4.4% YoY rent growth through 2025. Furthermore, incoming ownership can capitalize on a market supported value-add initiative by pushing rents $150+ culminating in a staggering 60% boost to NOI.
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Under Contract
GSO Portfolio (3 properties, 178 units)
Nottingham
62 Units
4240 United Street
Greensboro, NC  27407
Type: Conventional
Posted: 8/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 3-property, 1980s-1990s vintage, 178-unit GSO Portfolio located in Greensboro, NC. Guilford Place, Nottingham, and Pepper Tree apartment communities are ideally located in the rapidly growing West Greensboro submarket where home values, household income growth, employment opportunities, and retail expansion are on the rise. The GSO Portfolio is primed for organic rent growth in a submarket projected to see 4.4% YoY rent growth through 2025. Furthermore, incoming ownership can capitalize on a market supported value-add initiative by pushing rents $150+ culminating in a staggering 60% boost to NOI.
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Under Contract
GSO Portfolio (3 properties, 178 units)
Pepper Tree
72 Units
4303 Trinity Avenue
Greensboro, NC  27407
Posted: 8/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 22-acre, Reserve at Battery Creek Land site located in the rapidly-expanding Beaufort, SC. With the potential to build medium density residential in an unmatched location, future residents will consider this site as an opportunity to enjoy waterfront views of Battery Creek with dock access at a discount to home ownership. The Hilton Head-Bluffton-Beaufort market is seen as an attractive destination for residents fleeing larger U.S. cities with dense infrastructures, migrating towards coastal markets. These trends, which were only amplified by the pandemic, explain the market’s population surge of 58% since 2000, all while experiencing consistently strong rent growth. The property has a dock permit with a total of 192 feet of boat mooring length, making this the only multifamily site in Beaufort County that is approved for a boat dock on deep water. With site plans and permits approved, along with resubmission plans nearing the finish line, The Reserve at Battery Creek Land site offers developers a chance to takeover an opportunity with much of the heavy lifting out of the way.
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Under LOI
Reserve at Battery Creek Land
22 Acres
45 Belleview Bluff
Beaufort, SC  29902
Type: Land
Posted: 5/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the I-85 Corridor Value-Add Portfolio consisting of 4 properties, 570 units strategically situated in North Carolina’s fastest growing markets - Charlotte, Piedmont Triad, and the Raleigh-Durham Research Triangle. The properties are poised for substantial growth with unparalleled access to a plethora of jobs, higher education, strong household income growth, and seamless connectivity through major thoroughfares. The portfolio presents with an opportunity to capitalize on a proven value-add campaign already achieving $100-$175 rent premiums over standard units. Renovating the remaining 50% of units brings huge upside with solid premiums supported by excellent rent growth projections across all three markets. Ranging from late 1980s to mid-2000s vintage, the I-85 Corridor Value-Add portfolio presents an excellent framework to build upon in one of the fastest growing regions in the country.
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Under Contract
I-85 Corridor Value-Add Portfolio (4 properties, 570 units)
Summerlyn Place
140 Units
750 Boone Station Drive
Burlington, NC  27215
Type: Conventional
Posted: 8/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 50-unit Sycamore Apartment Homes apartment community located in Fayetteville, NC. This asset is situated in 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 area, including Fort Bragg. Sycamore Apartment Homes offers investors the opportunity to invest in a strong performing asset with a proven value-add that is asking $150 rent premiums over renovated units. With a limited delivery pipeline and vacancy hovering around record lows of 2.8%, the asset is primed to capitalize on this strong submarket that has achieved 14.1% rent growth YoY.
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Sycamore Apartment Homes
50 Units
813 Carol Street
Fayetteville, NC  28303
Posted: 10/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the West Greensboro Portfolio, 370 units across two adjacent properties, The Cypress and The Willow, located in Greensboro, NC. The portfolio is strategically located in the rapidly-expanding West Greensboro submarket, where home values and household income growth are on the rise. Residents enjoy easy access to two of the state’s major interstates which connect them to top notch retail and dining as well as to the Triad’s major employers. Late 1980s vintage, the portfolio offers an outstanding opportunity to invest in a booming area and complete a proven value-add program with additional Other Income upside that can generate an additional $404k in revenue and improve portfolio NOI by 18%.
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West Greensboro Portfolio (2 properties, 380 units)
The Cypress
244 Units
1 Aspen Drive
Greensboro, NC  27409
Type: Conventional
Posted: 11/9/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Flats at Arrowood, a 301-unit apartment community located in Southeast Charlotte, North Carolina. Located just south of South End, one of the strongest MSA submarkets in the nation, the asset benefits from an increasingly affluent tenant base characterized by soaring HHI (94k+) and growing renter population (55%). A dwindling supply pipeline and skyrocketing population bolster submarket fundamentals, providing confidence the area can achieve significant rent growth (30% by 2026). This unique investment provides investors the opportunity to capitalize on the property’s strong operational momentum, with potential to boost NOI by $830k+ through completion of a proven value-add initiative capable of achieving up to $325 premiums.
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The Flats at Arrowood
Offers Due:  Wednesday, January 26, 2022
301 Units
8508 Lodge S. Circle
Charlotte, NC  28217
Type: Conventional
Posted: 12/8/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 292-unit The Park apartment community located in Columbia, SC. This asset is situated in the highly sought-after Dutch Fork submarket, characterized by its young and affluent demographic base with 62% white-collar employment, high renter occupied population (61%), exceptional projected rent growth of 20% through 2026, and a dwindling multifamily development pipeline. Built in 1975, The Park represents an outstanding opportunity for new ownership to implement a value-add 2.0 campaign to align the property with features that rival submarket competitors to achieve premiums up to $214.
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The Park
292 Units
1601 Longcreek Drive
Columbia, SC  29210
Type: Conventional
Posted: 11/1/2021
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