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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Summit Ridge Apartments, a 432-unit, 2001-built apartment community stationed in Lee’s Summit, MO, the most sought-after submarket in the state. Summit Ridge is attractively situated in the heart of thriving Lee’s Summit, MO, the fastest-growing city in the state. Encompassed by a growing set of economic employment drivers, retail, and entertainment venues, the area generates a significant demand for high-quality finish levels and amenity packages. With a sophisticated amenity package in place, the asset is primed to capitalize on in-place momentum and a market-proven value-add campaign, attracting an elite, affluent tenant base. Summit Ridge represents the rare opportunity to acquire an institutional quality, value-add asset in the high-growth Lee’s Summit submarket.
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Summit Ridge
432 Units
701 NE Tudor Rd
Lee's Summit, MO  64086
Posted: 5/29/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 46-unit Parkwood Duplexes community located in the booming Oklahoma City MSA. This asset is situated in the Moore submarket, a high-growth suburb of OKC, which has seen explosive, 6.9% rent growth over the past 12 months. The asset is also highlighted by a proposed, market-backed value-add campaign, where C&W projects the next investor will be able to achieve $175 premiums over in-place rents. Built in 1984, Parkwood Duplexes offers an outstanding opportunity to invest in a stable duplex asset with a market-proven value-add opportunity in one of Oklahoma City’s most attractive suburbs.
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Parkwood Duplexes
46 Units
1224 Parkwood Ct
Moore, OK  73160
Type:  Multifamily
Closed: 9/12/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Donovan, a 327-unit, 2020-built apartment community located in the most sought-after submarket in the state of Missouri, Lee’s Summit. Constructed in 2020, the quality and location of The Donovan makes it one of the premier assets in all of Kansas City. The community is surrounded by a growing set of economic employment drivers, retail, and entertainment venues.

The Donovan offers a sophisticated amenity package and condo quality interiors providing a luxurious lifestyle for its residents. Lee’s Summit is the fastest growing MSA in the state of Missouri, generating significant demand for high-quality product, evident by the rent growth experienced at the Property over the previous 12-months. The Donovan represents a generational investment opportunity to acquire a best-in-class multifamily asset in the high growth Lee’s Summit market.

The Donovan is currently under a PILOT tax abatement, with a fixed annual property tax schedule through 12/31/2029.

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Sold
The Donovan
327 Units
837 Donovan Rd
Lee's Summit, MO  64086
Type:  Multifamily
Posted: 4/9/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of TimberChase, 94 units located in Birmingham, AL. This asset is nestled in-between Downtown Birmingham and the affluent municipalities of Homewood ($490K+ home value) and Vestavia Hills ($512K+ home value), with close proximity to all employment and community amenities in the Birmingham MSA. Current ownership has renovated 40 units (~$115 premiums) and completed significant exterior upgrades, which includes replacement of all roofs and full exterior painting. Built in 1973, TimberChase offers an outstanding opportunity to invest in a proven value add asset within 5 minutes of Downtown.
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TimberChase
94 Units
925 Beacon Parkway East
Birmingham, AL  35209
Type:  Multifamily
Closed: 8/16/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 19.98-acre Crosspointe Multifamily Development Site in Columbia, SC. The site allows for the by-right development of 336 proposed apartment units within the 400-acre mixed-use Killian’s Crossing development. Permits are ready to be pulled for this shovel-ready multifamily site, and there is even 50% property tax abatement for up to ten years and $7.5M through a coveted public infrastructure agreement. Future residents will enjoy Crosspointe’s walkability to Kroger Marketplace as well as many other fast-casual and nationally recognized dining options. The area’s excellent K-12 public schools can all be reached within about a 4-mile drive. Located just off I-77, the site has convenient access to all the area’s employment hubs, including the future site of Scout Motors’ $2B manufacturing plant, which will employ 4,000. The Killian multifamily submarket of Columbia is well served by favorable demographics and rent trends, while greater Columbia is experiencing a diversified economic boom. The Crosspointe Multifamily Development Site presents an enticing, shovel-ready opportunity to break into a State Capital market on the rise.
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Crosspointe Multifamily Development Site
19.98 Acres
Killian Road
Columbia, SC  29203
Type:  Land
Closed: 8/7/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit, Holiday Cove apartment community located in Forsyth, Monroe County, Georgia. This asset is situated in the strategically-located Forsyth submarket of Macon and just 60 miles south of Atlanta. Built in 1987, Holiday Cove represents an outstanding opportunity for new ownership to invest in a property with the ability to achieve $150+ premiums through a moderate value-add program while rolling recent leased renovated units that are currently in line with classic units. This property has undergone $800K of exterior and interior capital expenditures, which include landscaping, amenity enhancements, select roof replacements, and interior upgrades. With so few multi-family units in Monroe County, Holiday Cove creates a desirable investment in a limited market. The area’s dynamic economy is bolstered by premiere schools, a booming film industry, and continued job growth (900 new jobs in Locust Grove - 25 miles from the property).
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Holiday Cove
96 Units
600 Holiday Circle
Forsyth, GA  31029
Closed: 7/30/2024
Cushman & Wakefield is pleased to present for sale, Alden Apartments, a 68-unit multifamily property located in the heart of south Minneapolis.

Originally built in 1925, Alden Apartments offers studio and 1-bedroom units with classic brownstone charm paired with modern conveniences. Fully renovated in 2018, all units include updated plumbing, hand tiled bathrooms, and kitchens featuring new stainless steel appliances, hardwood floors, cabinetry, and quartz countertops. In addition, all common area spaces including the kitchen area, fitness center, lounge, and workspace have been fully modernized. The property also includes 3,200 SF of 1st floor commercial space available for lease which can provide the next investor additional revenue.

The property is located in south Minneapolis with North Loop, Loring Park, and downtown Minneapolis all within arm’s reach. It is in close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, the Central Business District, and all Minneapolis has to offer.

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Alden Apartments
68 Units
1205 Hawthorne Ave
Minneapolis, MN  55403
Type:  Multifamily
Closed: 7/25/2024

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire Tatnuck Brook Apartments, a 3-building, 54-unit apartment complex located in suburban Worcester, Massachusetts. Built in 1973, the property spans 2.13 +/- acres and features an attractive mix of twenty-one (21) one-bed and thirty-three (33) two-bedroom units.

Tatnuck Brook Apartments is ideally located in the Tatnuck neighborhood of Worcester, just outside of downtown. Known to be the one of the affluent neighborhoods in Worcester, residents benefit from access to a variety of retail and restaurant amenities as well as tremendous transit access. Tatnuck Brook Apartments offer residents phenomenal access to a plethora of transportation options – including interstates 90, 190, 290. Furthermore, the property is located less than 1.5 miles from Worcester Regional Airport.

The property offers tremendous value-add potential through unit renovations, improved community amenities, and general capital improvements throughout the complex. Rents at the property are approximately 50%+ below market, offering new ownership the opportunity to dramatically increase revenue through renovations.

Pricing & Process

Tatnuck Brook Apartments is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

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Tatnuck Brook Apartments
54 Units
556-560 Mill Street
Worcester, MA  01602
Type:  Multifamily
Closed: 7/25/2024