Durham, NC 27701
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.
Charlotte, NC 28217
OM AVAILABLE SOONThe Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ashbrook Village, a 423-unit apartment community located in the thriving Charlotte submarket of Gastonia. Nestled within the thriving I-85 industrial corridor, this property also sits in close proximity to downtown Gastonia, which has experienced a resurgence due to significant investments in the FUSE District. Constructed in 1985, Ashbrook Village presents a remarkable investment opportunity in the burgeoning Gastonia submarket, where combined rent growth has increased by 50% and occupancy rates have exceeded 95% since 2018. With most units awaiting renovation, Ashbrook Village offers substantial upside potential through the completion of a market driven interior upgrade program, offering new ownership the potential to capture $150+ rent premiums.
Gastonia, NC 28054
Greensboro, NC 27409
Greenville, SC 29607
Jacksonville, NC 28546
Spartanburg, SC 29303
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 203-unit Cortland Mooresville apartment community located in Mooresville, North Carolina, a highly sought-after suburb of Charlotte located along Lake Norman. Mooresville is characterized by a high quality of life, blue-chip demographics ($140K Avg HHI), and Charlotte’s best schools. The tranquil location is highly accessible to top employers via I-77, including Lowes Corporate HQ (6,000 jobs) and Lake Norman Regional Hospital (900 jobs) within 10 minutes, as well as CBD Charlotte (130,000 jobs) within 30 minutes. Walkability to an array of high-quality retail including Harris Teeter, Starbucks, and a local brewery combined with proximity to Lake Norman further highlight the location’s desirability.
Built in 2017, Cortland Mooresville represents the opportunity to invest in a highly amenitized, core plus asset with recent leases achieving 10% growth over average in place rents, and a clear $300 rent runway to newly delivered assets in the submarket.
Mooresville, NC 28117
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Giddy Hall, a 171-unit apartment community located in Charlotte, NC. Built in 2023, the property is strategically located in the flourishing pocket of Steele Creek, a submarket characterized by rapid population growth and skyrocketing home values. The Class-A community features best-in-class finishes and top amenities tailored to appeal to area’s burgeoning high-end renter class ($94k Avg. HHI).
Situated in the heart of Steele Creek’s retail corridor, Giddy Hall offers a plethora of dining and entertainment options within minutes including Topgolf, Target, Harris Teeter, Publix and more, as well as direct access to the city’s top employment hubs via nearby I-485. The property has demonstrated impressive lease-up performance, consistently pushing rental rates while offering little to no concessions. Market comparables offer more than $200 in headroom, highlighting Giddy Hall as an exceptional opportunity to invest in a high-quality asset offering substantial organic rent growth potential through a mark-to-market leasing strategy.
Charlotte, NC 28273
Columbia, SC 29210
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove at St. Andrews and Greenwood at Ashley River, two apartment communities totaling 902 units, which can be acquired together or individually. The two assets are situated in two of South Carolina’s most admired cities, Columbia and Charleston. The highly sought-after Dutch Fork and North Charleston submarkets are characterized by top-tier retail and sit in close proximity to some of the area’s largest economic drivers with over 115k jobs within a 20-minute drive from each property. The immediate areas surrounding the properties boast high HHI growth, majority white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets.
The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($5.3M+). Built from 1974-1984, the properties arrive to market with attractive loan assumptions offering interest rates well below current capital market levels and are primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $170+, and yield additional revenue for years to come.
North Charleston, SC 29418
Winston-Salem, NC 27105
Spartanburg, SC 29303
Greensboro, NC 27410
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±0.43-acre Mayfair at Liberty Development Site in Downtown Winston-Salem. Zoned for Central Business within the Winston Overlay District and within an opportunity zone, the site has many potential uses including high-density residential, hotel, and mixed-use developments.
Schematic designs for a multifamily development with retail have already been completed for the site. Downtown Winston-Salem, formerly the buzzing center of a thriving tobacco town, has seen an impressive rebirth as a hub for health sciences, technology, and research. The nucleus of all this recent activity, the Innovation Quarter, is only half a mile or a 10-minute walk from the Mayfair at Liberty Development Site. The Downtown area has over 27K employees and over 37K residents. The site is directly in the vicinity of two significant new public investments, Mershcel Park and the Kaleideum museum. The Mayfair at Liberty Development Site is a rare infill site in an unrivalled Downtown Winston-Salem location and presents an exciting opportunity to invest in a thriving urban Triad district.
Winston-Salem, NC 27101
Greensboro, NC 27407
Wilmington, NC 28409
Winston-Salem, NC 27106
Gastonia, NC 28054
Myrtle Beach, SC 29577
Spartanburg, SC 29306
Rogers, AR 72758
North Charleston, SC 29406
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of Pointe Grand Spartanburg, a 300-unit apartment community located in booming Spartanburg, South Carolina. Pointe Grand Spartanburg is in a premier pocket of Spartanburg that is bolstered by a robust tenant base and excellent multifamily metrics. The one mile radius features an average HHI of $89K, is 61% white collar, and is highly educated ( +68% pursuing higher education). Since 2018, the submarket’s effective rents have increased 39%. An advantageous supply-demand ratio (3:1) also contributes to this market’s staunch positioning. Ideally situated on Hwy-29 and adjacent to I-85, the asset has quick access to over +78K jobs within a 20 minute drive. Anchored by BMW, Michelin, and Inland Port Greer, the Upstate’s multifaceted economy it set to continue on a path of prosperity.
Built in 2022, Pointe Grand Spartanburg offers an institutional quality asset with curated interiors and a top-of-the-line amenity set. New ownership has the opportunity to leverage a brand new asset that has experienced extraordinary leasing velocity (16 avg monthly move-ins) in the desirable Upstate SC market. Neighboring Class A competitors demonstrate +$275 in rental headroom that can be closed through mark-to-market leasing.
Spartanburg, SC 29301