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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Caroline, a 237-unit mixed-use apartment community located on Charleston, South Carolina’s peninsula. The property is strategically situated within the new 50-acre urban, waterfront district “WestEdge” masterplan, which has a projected impact of 4,280 new jobs and 2,500+ residents upon completion. Caroline has set the stage for growth by reaching stabilization while still having $700+ in rental headroom. Increased barriers to entry on the peninsula due to numerous municipal and design requirements will shield Caroline from new supply, as it benefits from being one of only two communities with unobstructed views of the Ashley River.
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Under LOI
Caroline
237 Units
99 Westedge Street
Charleston, SC  29403
Type: Conventional
Posted: 2/16/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Enclave at Pamalee Square, a 242-unit apartment community located in Fayetteville, North Carolina. Surrounded by the region’s prominent thoroughfares residents of Enclave at Pamalee Square enjoy convenient access to prime retail and dining, as well as the largest employers in the city, including Fort Bragg. Enclave at Pamalee Square offers investors the opportunity to invest in a strong performing asset showing impressive operational momentum through 2020 and into 2021. The asset is primed for a value-add program to capitalize on market rental head room in a recession proof market that ranked #1 in annual effective rent growth in 4Q20 out of 150 ranked markets.
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Enclave at Pamalee Square
Offers Due:  Wednesday, April 14, 2021
242 Units
1014 Enclave Drive
Fayetteville, NC  28301
Posted: 3/11/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 244-unit Legacy Haywood apartment community located in Greenville, SC. Legacy Haywood offers investors the opportunity to own the best-in-class suburban asset in one of the most burgeoning markets in the Sunbelt. The property is ideally located between Downtown and the I-85/I-385 corridor which provides superior access to Greenville’s largest employment nodes and 59,000 jobs within a 3-mile radius. The Greenville market has consistently averaged 3%+ rent growth, and after an extended season of supply, is starting to witness a diminishing delivery pipeline as there are no proposed or under construction units within 3 miles of Legacy Haywood. Best-in-class amenities provide a resort-like feeling throughout the property, while carefully curated unit interiors highlight the asset’s superiority over submarket competitors. Built in 2020, Legacy Haywood represents an outstanding opportunity to invest in the premier asset of suburban Greenville while offering the opportunity to capture $240 in rental headroom to top-of-market competitors.
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Legacy Haywood
244 Units
930 Old Airport Road
Greenville, SC  29607
Posted: 3/24/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 121-unit Palmetto Gardens & Willwood Gardens apartment community located in Florence, SC. This asset is strategically located just off the I-95 & I-20 interchange near Florence’s major job and retail centers which provide high visibility and ease of travel into the center city. Built in 1984/1987/1991, Palmetto Gardens & Willwood Gardens represent an incredible opportunity to invest in an asset that has been well-maintained, while offering an ideal micro location and tremendous upside through the implementation of a proven value-add program.
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Under Contract
Palmetto Gardens & Willwood Gardens
121 Units
2305 West Palmetto Street
Florence, SC  29501
Posted: 12/15/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 464-unit Pine Crest apartment community located in North Charleston, SC. The 42-acre site is strategically located near the eclectic neighborhood of Park Circle, offering varied dining and entertainment options, as well as the evolving Charleston Navy Base & Shipyard and easy access to I-26. As one of the few workforce housing assets in the Park Circle submarket, Pine Crest has ideal access to multiple large employers and variety among employment options. Built in 1945 and situated on 42 acres, Pine Crest offers an outstanding opportunity to invest in a value-add proposition that is strongly supported by large rent deltas with rent comparables in the market. In addition to the value-add opportunity, investors will be able to acquire 42 favorably-located acres in a dynamic and growing submarket, expected to only improve with the projected transformative construction and reuse projects planned and currently underway in the area.
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Under LOI
Pine Crest
464 Units
1920 McMillan Ave
North Charleston, SC  29405
Type: Conventional
Posted: 1/26/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Preserve at Woods Lake apartment community located in Greenville, SC. This asset is situated in the Central Greenville submarket which is characterized by its impressive 3-mile demographics as average HHI’s are $87k+ and projected to rise 14% through 2025, 46% of the population has a Bachelor’s Degree or higher and 67% of people work a white collar job. Built in 1997, Preserve at Woods Lake offers new ownership an opportunity to implement a value-add 2.0 campaign to align the property with features that rival Class-A product in the market and command average premiums of $129 across all unit sizes.
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Preserve at Woods Lake
232 Units
412 Woods Lake Road
Greenville, SC  29607
Type: Conventional
Posted: 2/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit Retreat at the Park apartment community located in Anderson, SC. This asset is situated in the blossoming Anderson submarket which boasts the state’s best projected average effective rent growth (12%) while maintaining steady occupancy levels (96%) over the next 4 years and a limited multifamily development pipeline. Built in 1960, The Retreat at the Park offers new ownership an outstanding opportunity to invest in an asset nestled in a promising submarket with strong supporting fundamentals and potential to renovate all 96 units (100%) to realize $157 premiums over current leased rents.
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Retreat at the Park
96 Units
170 River Oak Drive
Anderson, SC  29624
Posted: 2/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Bristol in Greenville, SC. The Bristol is a 258-unit community uniquely located in an affluent neighborhood that boasts impressive demographics of $120,000+ average household income, 75% white collar workers and home values as high as $1.69M in a 1-mile radius. Surrounded by high end retailers, Greenville Country Club, and across the street from Swamp Rabbit Trail (22-mile multi-use greenway), The Bristol offers an unmatched "live-work-play" lifestyle to residents. In addition to nearby amenities, the community provides direct access to 130,000+ jobs including Greenville Memorial Hospital, BMW, Fluor Engineering and TD Bank, all within a 5-mile radius. Built in 1971, The Bristol is an extremely well-maintained community that received a large capital infusion in 2013, stripping the units nearly down to the studs and repositioning the entire property. Lagging Downtown and Class A rents by $400+, new ownership has an opportunity to enhance the community by renovating unit interiors bringing finishes in-line with top of the market competitors to achieve $130-$180 rental premiums.
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The Bristol
Offers Due:  Tuesday, May 4, 2021
258 Units
926 Cleveland Street
Greenville, SC  29601
Posted: 3/25/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Lively at Market Common, a 299-unit timeless community offering its residents best-in-class living space and amenities located in Myrtle Beach. As the newest community in Market Common, The Lively at Market Common is situated in one of the most sought-after locations, with immediate access to the Atlantic Ocean and Myrtle Beach’s most upper echelon lifestyle district. The property offers new ownership the opportunity to purchase a core asset well below replacement cost in a market with dwindling supply compared to a population surge rivaling other coastal cities. Along with outsized population growth comes a job market that is expected to outpace new deliveries by 26:1 in 2021 and 2022, priming the Myrtle Beach market for 10% rent growth through 2024. Myrtle Beach is also a post-pandemic destination, seen as an alternative living option for residents of large US cities with dense infrastructures. With these phenomenal fundamentals and an attractive average move-in rate, the property is poised to capitalize on a lengthy Class-A rent runway $125+ above current rents.
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Under Contract
The Lively at Market Common
299 Units
1231 Hadley Circle
Myrtle Beach, SC  29577
Posted: 9/9/2020
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present The Morris at Belmont, a proposed 322-unit apartment community development project located in Belmont, NC. The property will be ideally situated in the burgeoning city of Belmont, which is located only 20 minutes from Uptown Charlotte and has nearby proximity to Charlotte’s U.S. National Whitewater Center, Charlotte Douglas International Airport, and access to key job centers, which includes not only the new 2.5M SF Amazon facility and the Water Ridge Office Park, but also Charlotte’s integral employment nodes. In addition, the property will benefit from the proposed expansion of Charlotte’s LYNX Light Rail, which would be within walking distance of the property, as well as a Greenway Initiative that would deliver with the project, allowing for expanded pedestrian space and greenways in Belmont. The property will represent a best-in-class asset for the Belmont submarket with premier amenities and curated, luxury unit features. The Morris at Belmont offers an outstanding opportunity to invest in a new development opportunity for Class A institutional-quality product in one of Charlotte’s up-and-coming submarkets.
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The Morris at Belmont
322 Units
6900 Wilkinson Blvd.
Belmont, NC  28012
Type: Conventional
Posted: 4/1/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Waterleaf at Battery Creek, a 212-unit state of the art community offering its residents best-in-class living space and amenities in Beaufort. This asset is located in the heart of Low Country South Carolina, a rapidly expanding coastal region situated along Interstate 95 between major US ports in Savannah and Charleston. Waterleaf at Battery Creek sits in one of the most sought-after locations in the market, exclusively offering a 300 ft. crabbing dock and unobstructed water views of the Port Royal Sound and Atlantic Ocean. The Hilton Head-Bluffton-Beaufort market is seen as an attractive destination for residents fleeing larger US cities with dense infrastructures and 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 (4.09% in Q4 of 2020). With phenomenal market fundamentals and a rapid lease-up seeing 17+ move-ins per month, Waterleaf at Battery Creek proves to be an outstanding opportunity to invest in a newly-built, core asset poised to capitalize on a lengthy Class-A runway with $300+ rental headroom to the leading market competitor.
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Waterleaf at Battery Creek
212 Units
10 Shell Creek Drive
Beaufort, SC  29906
Posted: 3/24/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Woodlands Landing at Echo Farms, a 176-unit, 2020-built Class A community located in the southern portion of Wilmington, NC. The property benefits from an ideal location to varied retail, entertainment options, high-quality schools, top employers, and the largest hospital in Wilmington. Already stabilized after a rapid lease-up period, the property is perfectly positioned to capitalize on organic rent growth while also substantiating the demand for new construction Build-to-Rent Townhome product in the market. In addition, the property’s curated amenities and its location in a strong rent projection submarket present an ideal confluence for rent growth. Woodlands Landing at Echo Farms represents an outstanding opportunity to invest in a newly-built, stabilized Class A asset with $230+ rental headroom.
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Woodlands Landing at Echo Farms
176 Units
3215 Midvale Drive
Wilmington, NC  28412
Posted: 3/4/2021