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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 39-unit 2918 North at Winstead Commons apartment community located in Greensboro, North Carolina. Situated in North Greensboro, an affluent area trending as a top submarket of the Triad, offers attractive demographics paired with 95% occupancy levels and 20.2% home value growth over the past year. Overall, the Triad has seen 18.6% effective rent growth in the past 12 months, and is projected to grow an additional 18.3% by the end of 2022. The area is anchored by a strong employment drivers, such as VF Corporation, Cone Health, and FedEx. In addition, Toyota, Amazon, Publix, Cone Health, and Boom Supersonic have been a large part of economic announcements, coinciding with the completion of the Urban Loop (2023) which will provide easy connectivity to these major employers. Built in 2016, the property represents an outstanding opportunity to invest in luxury units with the ability to organically grow rents by $250/unit, which is in line with market competitors.
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2918 North at Winstead Commons
39 Units
2918 Martinsville Road
Greensboro, NC  27408
Posted: 3/9/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 600 Station Square, a 48-unit apartment community located in Greensboro, NC. This brand-new boutique asset is currently in lease-up and is situated in an extremely desirable Greensboro submarket. The submarket is characterized by high quarterly effective rent growth (18.6% in Q2 2022), high barriers to entry (zero units being proposed/under construction in the immediate area), and attractive demographics (over 59% white-collar workers). Of the 7 Greensboro Winston-Salem submarkets, this submarket ranked #1 for overall average occupancy (97.9%) in Q2 2022. Spring Garden Street and West Wendover Avenue are adjacent to the property, allowing residents immediate access to the plethora of retail, dining, and entertainment the nearby area offers. The industries of manufacturing, healthcare, and education anchor the Greensboro economy, with top employers within minutes of the property. Having realized the appeal of the Triad’s economy, six major corporations have made plans to expand in/move to the area. Toyota, Cone Health, Amazon, Publix, Guerrilla, and Boom Supersonic will all be fully operational in the Triad by 2025. Built in 2022, 600 Station Square represents exceptional opportunity to acquire a beautifully built asset and gain almost $43K in additional revenue by implementing other streams of income.
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600 Station Square
Offers Due:  Wednesday, November 2, 2022
48 Units
600 Coapman Street
Greensboro, NC  27407
Type: Conventional
Posted: 9/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the premier 216-unit Alta Surf apartment community located in Myrtle Beach, SC. This asset is situated in the nation’s fastest growing city with unmatched net migration posting 32% population growth since 2011. Alta Surf’s idyllic micro location provides residents direct access to the area’s largest employers, top tier higher education, and sought-after retail and lifestyle amenities including 66 miles of ocean shoreline and 90 golf courses. Centrally located within the planned Carolina Forest community, the surrounding demographic base is characterized by high avg. HHIs ($93k), a dominant white-collar workforce (64%), and astounding projected rent growth (36% through 2027). Built in 2007, featuring 9 ft ceilings and a top-notch amenity package, Alta Surf presents an exceptional opportunity to invest in a highly capitalized asset ($1.58M+) with mark-to-market potential, increasing rents to recent lease levels ($346 over rent roll) and bridging the rent delta to submarket comparables.
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Alta Surf
Offers Due:  Wednesday, October 12, 2022
216 Units
101 Breakers Drive
Myrtle Beach, SC  29759
Type: Conventional
Posted: 9/7/2022
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 an emerging Southeast primary market, Greenville, SC. The property is situated just 3 miles East of downtown Greenville providing residents access to a plethora of retail including Whole Foods and the Haywood Mall, high paying jobs (100k+ within 15 minutes) and top-notch education. The immediate area surrounding the property boasts exceptional demographics with an average household income of $97k and a dominant white-collar workforce (67%) further supported by 22% projected rent growth through 2026. Built in 1997, Braxton at Woods Lake presents an exceptional opportunity for new ownership to acquire a well-capitalized asset and implement a value-add 2.0 initiative to command premiums north of $350.
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Braxton at Woods Lake
232 Units
412 Woods Lake Road
Greenville, SC  29607
Type: Conventional
Posted: 7/26/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 66-unit Eagleview Lenoir apartment community located in Lenoir, NC, in Caldwell County. This asset is situated by the region’s prominent thoroughfare, U.S. 321, which provides residents convenient access to local retail and leisure options, as well to larger metro areas. Eagleview Lenoir offers investors the opportunity to boost NOI by completing a renovation program for to all units and initiating a bill back program for property utilities to tenants (including submetering water and billback of electricity). With a limited delivery pipeline and vacancy hovering around record lows of 3.7%, this asset is primed to capitalize on this strong market that has achieved 10.2% rent growth YoY.
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Eagleview Lenoir
66 Units
405 Connelly Springs Dr SW
Lenoir, NC  28645
Posted: 4/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Lakes Edge,160-unit apartment community located in Greensboro, North Carolina. This asset is situated in the rapidly expanding West Greensboro submarket. Built in 1975, Lakes Edge represents an outstanding opportunity to invest in a proven value add opportunity. The 54 units that have already seen renovations are achieving on average $240 premiums over unrenovated units. Lakes Edge has $340 rent headroom to the average of comparable. The property is located just 2 miles from the Urban Loop, a 6-lane freeway carrying Interstates 73, 85, 841, and 421. This interstate will provide critical links to high growth areas around West Greensboro.
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Under LOI
Lakes Edge
160 Units
5644 W. Market Street
Greensboro, NC  27409
Type: Conventional
Posted: 3/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Pointe Grand, a premier 288-unit apartment community located in a bustling Greenville, SC market. Situated just south of downtown in an area experiencing rapid economic growth through the extension of the Swamp Rabbit Trail, downtown Mauldin’s City Center redevelopment and the new town center of BridgeWay Station, the Simpsonville submarket continues to prove out its heightened multifamily desirability. The property’s proximate location offers residents direct access via I-26 and I-385 to a number of Greenville County’s largest employers with over 59k jobs in 15-miles and top retail centers like the Simpsonville retail corridor, Mauldin Square and downtown Greenville. Furthermore, residents at Pointe Grand enjoy first class interior finishes with incredible attention to detail, spacious units with open layouts and a top-notch amenity package unmatched by competitors. Built in 2022, Pointe Grand offers an exceptional opportunity to acquire a one-of-a-kind asset with tons of embedded upside through leasing, staggering projected rent growth (22% through 2027) and a $250+ rent delta between comparable properties.
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Pointe Grand
288 Units
8001 Pointe Grand Place
Simpsonville, SC  29680
Type: Conventional
Posted: 8/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove, a 178-unit apartment community located in Raleigh, NC. This asset is situated in a thriving pocket of West Raleigh, characterized by an affluent rental base, top rated schools, high home values (averaging $420K), and exceptional rent growth (20.3% Q1 2022). Less than 10 minutes away from the heart of Raleigh, the asset’s immediate location is emersed in some of the best retail, dining, and entertainment the city has to offer. Among the top three hottest job markets in the country, Raleigh is rapidly expanding with major mixed-use and office development projects currently underway. Thoroughfares I-440 and I-40 instantly link residents to the Triangle’s top employers, including Research Triangle Park, UNC Chapel Hill University/Healthcare, and Duke University/Healthcare. Built in 1972, The Grove represents an outstanding opportunity to invest in a well-maintained asset and complete a rewarding and proven value-add program to achieve an additional $264K in additional revenue.
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The Grove
178 Units
3926 Marcom Street
Raleigh, NC  27606
Posted: 5/18/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 166-unit Lory of Hillsborough apartment community located in Hillsborough, NC. This asset is situated in a strategically located community of Hillsborough, NC. It is optimally located in a high-income market (average HHI over $100K) with growing home values (averaging $425K) and increasing rental rates in the Triangle MSA. Unmatched access to major thoroughfares I-85 and I-40 afford the submarket incredible connectivity to major employment hubs of Raleigh-Durham Research Triangle Park, Duke University, and UNC Chapel Hill. With the Hillsborough/Chapel Hill submarket experiencing an effective rental growth rate of 21.1% in Q1-22, combined with high barriers to entry, the asset is extremely well positioned to continue organic income growth and excellent value-add potential. Built in 1974, Lory of Hillsborough allows investors to acquire a well-maintained asset and inherit a proven, multifaceted value-add program to achieve a 19% boost to NOI.
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Under Contract
The Lory of Hillsborough
166 Units
600 South Churton Street
Hillsborough, NC  27278
Type: Conventional
Posted: 5/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Vic, a 297-unit apartment community located in Greensboro, NC. This asset is situated in a desirable Greensboro submarket, which ranked #1 in effective rent growth (19.6% YOY) and achieved the #1 occupancy rating (98.6%) last quarter. It is also characterized by high barriers to entry and attractive demographics. The surrounding thoroughfares Spring Garden St, W Market St, and Gate City Blvd link residents at The Vic to the plethora of dining, retail, and entertainment options the nearby area offers. Less than three miles away from the asset is the 40/I-85 thoroughfare, which provides instant connectivity to the Triad’s most notable employers. Boom Supersonic, Toyota, Publix, Cone Health, Amazon, and Guerrilla RF INC have made plans to expand to the area, greatly contributing to the massive economic boom the Triad is currently experiencing. Built in 1973/2009, The Vic allows investors to obtain a beautifully remodeled asset with resort style amenities that offers investors $545K in additional revenue through the implementation of utility billing.
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The Vic
297 Units | 790 Beds
705 Milton Street
Greensboro, NC  27403
Type: Student
Posted: 5/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Vue at St. Andrew’s, a 132-unit apartment community located in the thriving capital city of South Carolina. Columbia is well known for its resilient tendencies, boasting a plethora of government, healthcare and educational jobs while promoting enticing multifamily fundamentals. The Vue at St. Andrew’s proximate location provides residents access to downtown, major retail centers including the Harbison Corridor with over 3M+ square feet of retail and top tier education within the Lexington Richland School District 5 (A Ranking). Furthermore, the immediate area provides exceptional demographics and a positive outlook with average household incomes pushing almost $78k, a white-collar workforce of 70% and no units under construction or proposed within 5-miles. Built in 1972, The Vue at St. Andrew’s represents an incredible opportunity to invest in an asset displaying tremendous performance trends with NRI increasing 13% over the T12, recent leases signing 9% over in-place rents and renovated units achieving $160 premiums.
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Under Contract
The Vue at St. Andrews
132 Units
82 Fox Run Lane
Columbia, SC  29210
Type: Conventional
Posted: 7/7/2022