Property Listings

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.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Drayton Tower, a 99-unit luxury apartment community with street-level retail located in Savannah, Georgia. Built in 1951 and renovated in 2013, Drayton Tower is a high-octane asset in the heart of Historic Savannah, boasting thoughtful modern finishes and captivating views. This property is strategically positioned next to high-end retail, several major mixed used developments, great proximity to SCAD, and holds irreplaceable visibility as the tallest multifamily asset in Downtown Savannah. Drayton Tower provides elite access to nearly 40K jobs, boutique restaurants/bars, and the beaches of Tybee Island. As one of Savannah’s premier multifamily assets, Drayton Tower will benefit from the continued population and job growth of Georgia’s fastest growing city, outranking neighboring east-coast markets. The recently announced Bryan County Hyundai plant and Amazon fulfilment center at the Pooler Mega-Site are expected to bring a combined 9K+ jobs for the Savannah area, further adding to the city’s explosive development. Drayton Tower offers attractive assumable debt, providing two remaining interest-only years at a 4.10% interest rate on $23.7MM in principal.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Emblem Grayson, a 344-unit institutional quality garden asset in Grayson (Atlanta), GA. Among the limited supply in Grayson, Emblem Grayson’s thoughtful site plan, spacious floorplans, and expansive amenities including 1+ acre of greenspace drive prominent visibility. The asset is strategically positioned in an undersupplied and highly sought-after suburban submarket. Pent-up demand fueled by industrial job growth and access to strong employment corridors is demonstrated through the property’s leasing velocity, netting an average of 27 leases per month since January. Also, Emblem Grayson’s unique suburban location provides direct access to Downtown Lawrenceville as well as Atlanta’s sprawling I-85 industrial corridor. Surrounded by quality demographics and top-notch schools, Emblem Grayson is a phenomenal investment opportunity with a strong future growth trajectory.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Flats at Perimeter Place, a prominent 323-unit midrise apartment community located in the heart of Atlanta’s dynamic Central Perimeter (135K+ jobs) district. Strategically positioned in Dunwoody’s vibrant Perimeter Place office/retail center, residents truly enjoy a live/work environment. Central Perimeter is the preeminent Sunbelt CBD, long established as a Fortune 500 stronghold and thriving job enclave anchored by global corporations like State Farm and Insight Global, as well as Pill Hill (20K+ healthcare jobs). The district’s magnetic appeal and energetic growth continues, as evidenced by the new $2B High Street development, which is a 10-block, multi-phase that will bridge the adjoining cities of Dunwoody and Sandy Springs with new Class A office and curated retail intertwined with bicycle-friendly streets and expansive public areas. Flats at Perimeter Place has demonstrated impressive lease trade-outs, averaging an 18.4% increase on new leases since June 2022. Current ownership has substantially renovated ~50% of the units while also injecting nearly $1M into the amenities and common areas, presenting an exceptional opportunity to revamp the remaining units and capitalize on the proven premiums.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Quill, a newly built 208-unit Core multifamily asset in Atlanta’s booming Eastside submarket. Located in the dynamic Edgewood neighborhood, Quill presents a unique opportunity to acquire a thoughtfully designed asset with first class connectivity to Atlanta’s Eastside BeltLine Trail, Edgewood Retail District, and a plethora of energetic Eastside neighborhoods. The property is strategically positioned with direct access to MARTA, in an area of substantial upcoming investment and future redevelopment, driving above average rent growth. Quill has seen exceptional leasing velocity of 42 leases per month since April while increasing rents ~9% during lease-up. Additionally, Edgewood’s recently completed Transit Oriented Development with on-site retail space offers the neighborhood a central, social hub further enhancing Quill’s visibility.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Spoke, a 224-unit institutional multifamily asset located in Atlanta’s booming Eastside submarket. Strategically rooted in Edgewood, surrounded by game-changing development, the emergence of Atlanta’s Eastside positions Spoke for continued rent growth. The asset’s ideal location provides unmatched access to Atlanta’s Eastside BeltLine Trail and energetic Eastside nodes. Spoke presents an attractive opportunity to acquire an urban infill asset with multiple acquisition options including new debt and assumption of existing debt with attractive metrics. Furthermore, six years of remaining tax abatement provide additional boost to yield.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of the The Enzo at Ariston, a 265-unit newly built institutional multifamily asset in Atlanta’s rapidly growing I-85 North Corridor. The property is strategically positioned in one of Atlanta’s strongest suburban markets and will directly benefit from Gwinnett County’s attractive supply/demand dynamics. This Core asset features immediate walkability to 2M+ SF of high-quality retail and dining/entertainment options as well as has top-tier access to Atlanta’s sprawling I-85 North jobs corridor. The property is primed for substantial rent growth, as Gwinnett County has historically demonstrated impressive absorption with limited future supply. Furthermore, The Enzo at Ariston has experienced robust leasing velocity, netting an average of 27 leases per month since May 2022.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Pizitz, a 143 unit luxury apartment community with 41,679 SF of ground floor, mezzanine, and lower level commercial space located in Birmingham, AL, which has the nation’s 2nd lowest unemployment rate according to the Wall Street Journal. Built in 1923 and fully redeveloped in 2016, The Pizitz is an irreplaceable asset in Birmingham’s central business district (CBD) which supports 30K+ jobs. In addition to the CBD, Southside Birmingham is anchored by the expansive healthcare industry with The University of AL at Birmingham ranking the #1 Best Large Employer in the US by Forbes. The food hall, restaurants, and retail on the ground floor combine to provide a centerpiece to the Downtown Birmingham community, and the Multifamily performance is exceptional. With 97%+ avg. occupancy across the T12 and diminishing concessions, the next investor can harness the strong in place trends and further drive NOI by substantially pushing rents.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Thomas Jefferson Tower, a 96-unit, 1929-built and 2017-redeveloped mixed-use luxury community located in the heart of Downtown Birmingham. The offering includes 11K+ SF of retail and a separate parking lot with 90 spots. TJ Tower offers residents a unique urban living experience in a truly irreplaceable location in the heart of Downtown Birmingham, AL. Birmingham has the nation’s second lowest unemployment rate according to the Wall Street Journal and has added 80K+ jobs since April 2020. TJ Tower is anchored by Birmingham’s expansive healthcare industry with the University of Alabama at Birmingham ranking the #1 Best Large Employer in America by Forbes with a total of 23K jobs and an employment impact of 64K within a 15-minute walk of the property. Also, the asset is primed to benefit from the city’s emergence as a technology hub, ranked as #2 up-and-coming tech hot spots according to MarketWatch. Centralized in the revitalized Central Business District, TJ Tower has direct walkability to the newly delivered Protective Field, acclaimed restaurants, and Regions Field which is home to the Birmingham Barons, an AA affiliate of the Chicago White Sox.