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Peak 16 is a newly completed 233-unit, Class "A", podium-style luxury apartment community located near 16th Street and Camelback Road in the highly desirable Camelback Corridor area of Phoenix. Peak 16 is within close proximity to a variety of employment, shopping and entertainment venues and has immediate access to the State Route 51 and minutes away from notable employers such as Phoenix Children’s Hospital and Charles Schwab. Residents also benefit from close proximity to top-rated schools including "A" rated Madison Camelview Elementary, serving grades pre-school through 4th.

Peak 16 offers residents a resort-style lap pool and spa with cabanas, outdoor grilling stations, outdoor fireplaces in courtyard settings, a state-of-the-art fitness center, a clubhouse with WiFi in common areas, gaming area with a pool table and televisions, resident tech lounge and a 24-hour package locker system. Four elevators and climate controlled interior corridors provide convenient access to each unit.

Interior amenities include, wood-style plank flooring, modern kitchens with islands, stainless steel appliance package including gas cooktops, tile backsplashes, "French door" style refrigerators, modern cabinetry, quartz countertops, contemporary lighting, washer/dryers and private patios/balconies. Ceiling heights range from 9 to 25 feet throughout the community.

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Peak 16
233 Units
5151 North 16th Street
Phoenix, AZ  85016
Type: Conventional
Closed: 10/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Serenity Apartments at Fayetteville community located in Fayetteville, NC. Built in 1972, this asset received a recent investment of $1.12 million in improvements. The property is positioned in walking distance to high-end retail & dining options while surrounded by Fayetteville’s major arteries of I-295 & US-401, providing connectivity to the metro’s economic drivers and top employers. The MSA’s development pipeline has nearly stabilized after the delivery surplus from 2012-2014, offering an outstanding opportunity for an impactful 56% boost to NOI through multiple revenue streams including a water/sewer submetering program and a value add 2.0 initiative to bridge the $280 rental gap with submarket leaders.
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Serenity Apartments at Fayetteville
240 Units
157 Treetop Drive
Fayetteville, NC  28311
Type: Conventional
Closed: 10/10/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Vistana, a striking 247-unit apartment tower in downtown San Antonio, Texas. As San Antonio’s only residential highrise, this marquee asset is primed to benefit from the city’s nationally-leading population growth and its location in the top state for business. High-profile corporate relocations and expansions, coupled with catalytic local developments such as the San Pedro Creek Culture Park and Alameda Theater restoration, continue to fan San Antonio’s unprecedented downtown revitalization. Further, investors will appreciate immediate investment upside via moderate interior upgrades and amenity enhancements. Overall, The Vistana represents a markedly rare opportunity to acquire the most prominent San Antonio multifamily asset at significantly below replacement cost value.
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The Vistana
247 Units
100 N Santa Rosa Street
San Antonio, TX  78207
Type: Conventional
Closed: 10/8/2019

The Cushman & Wakefield Fogler/Nicoluzakis Multifamily Capital Markets Team is pleased to offer CENTERRA, a renovated, 202-unit, garden-style apartment community located near Frank Lloyd Wright Boulevard and Shea Boulevard in North Scottsdale, Arizona, one of the Phoenix area's most exclusive neighborhoods.

Centerra is a gardden-style, two and three story community featuring a mix of one and two bedroom/two bath units with washers and dryers. All 202 units have been completely upgraded with new Whirlpool stainless steel appliances, new cabinets (in kitchens and bathrooms), new flooring, granite countertops (in kitchens) along with new light and plumbing fixtures.

In addition to the unit interiors, the exterior of the property and amenities were updated. Exterior improvements included the addition of a fitness center, updates to the leasing/business center, new roofs and a complete repaint of the community. While Centerra has been updated, there is still value-add potential remaining through targeted upgrades.

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Centerra
202 Units
11100 N. 115th Street
Scottsdale, AZ  85259
Type: Conventional
Closed: 10/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of The Ellis, a timeless apartment community located in Savannah, GA. Completed in 2019, The Ellis represents a rare opportunity to acquire one of Savannah’s only fully-amenitized, true Class A multifamily assets near Downtown. The property’s strategic market position provides a compelling value proposition with direct connectivity to a plethora of retail, dining, and entertainment, as well as convenient access to the barrier islands. The Ellis will directly benefit from Savannah’s continued population and job growth, as well as the city’s prolific economic impact on Georgia and the nation.
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The Ellis
235 Units
3 Woodcock Road
Savannah, GA  31404
Type: Conventional
Closed: 10/3/2019

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.71 acre multifamily development site in Phoenix's rapidly transforming Central Corridor. The opportunity consists of ±117,907 square feet of developable land north of the northwest corner of Osborn Road and 4th Avenue.

This rare site is located near the Valley Metro Light Rail, with a station within walking distance of the property at Central Avenue and Osborn Road. Phoenix's urban revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University's downtown campus and Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions within the Central Corridor.

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4th Ave & Osborn Rd Dev Site
2.71 Acres
3500 North 4th Avenue
Phoenix, AZ  85013
Type: Land
Closed: 9/30/2019

The acquisition of The E’laan provides an investor the opportunity to purchase a brand new, Class A apartment property in the hottest neighborhood (Market East) in booming downtown Indianapolis. Also, the investment offers the opportunity to acquire fully entitled land to build a second phase to the E’laan with up to 70 more units.

The E’laan is a brand-new (first occupancy May 2018) luxury community that appeals to the professionals looking for a high-end urban living experience. The property has a boutique hotel feel with a first-floor lobby that offers seating, WIFI and a Starbucks coffee machine. The 5-story building with a roof-top sundeck has great views of downtown Indianapolis. The roof-top deck offers seating for 20 surrounded by a beautiful green roof. The one and two-bedroom units are exceptionally large for an urban community offering an average size of over 1,100 square feet. There are four floors of apartments built on a concrete podium first floor parking structure. There are 14 garage parking spaces and 16 surface spaces.

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The E'laan
24 Units
515 E Market Street
Indianapolis, IN  46204
Type: Conventional
Closed: 9/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 173-unit Magnolia Preserve apartment community located in Dothan, Alabama. Dothan is widely regarded as the "southeastern gem" of the state, with a growing medical/industrial economy and major local job growth. Magnolia Preserve maintains one of the best multifamily locations in the submarket, within the Montgomery Highway retail corridor (3M+ SF) and $80K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding NRI growth since delivery (9.2% YoY last 3 years) and stable occupancy. The next investor can further juice collections through rounding out the in-place value add campaign. The asset is offered as a debt assumption or on an all-cash basis.
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Magnolia Preserve
173 Units
101 Magnolia Ridge Place
Dothan, AL  36303
Type: Conventional
Closed: 9/27/2019

Cityscape is a 163-unit apartment community located in the heart of Fort Wayne’s vibrant downtown. Completed in 2017, the community is the largest new urban multifamily development in downtown Fort Wayne.

Property amenities include a large cardio-fitness center, an expansive raised courtyard in the interior of the structure with a unique aqua bench feature (wading pool) and thousands of square feet of open green space. Grilling stations and an outdoor lounge space with firepit are available for residents throughout the year in this one-of-a-kind space at Cityscape Flats. The community also has a penthouse-level club room on the top floor with access to a large deck overlooking Parkview Field and entertainment venue which hosts the minor league baseball team the TinCaps.

The community offers an attractive mix of 5 Studio units, 116 One Bedroom Flats (in three floor plans) and 42 Two Bedroom Flats (in four floor plans). All units have washer/dryer hookips, and kitchens feature granite countertops with brushed nickel accents throughout, frost-free refrigerators, dishwashers and garbage disposals.

The community is in an excellent location conveniently located in the Fort Wayne downtown CBD, with many major employers and two major universities all within minutes of the property.

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CityScape Flats
163 Units
1250 Ewing Street
Fort Wayne, IN  46802
Type: Conventional
Closed: 9/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of West Woods Haven, 268 Class A+ units located down the street from Navy Federal Credit Union’s massive campus expansion (5K+ new jobs coming by 2020) in Pensacola, Florida. West Woods Haven maintains a prime location with high visibility and accessibility off West Nine Mile Road, virtually immediate access to I-10, and is near additional multi-use developments anticipated to spawn from the strong job growth nearby. Completed in two phases between 2016 and 2017, West Woods Haven offers best-in-class livability with an A+ amenity package and top-of-the-line unit features. With outstanding in-place organic growth potential and a wealth of high-salary jobs coming in nearby, West Woods Haven can provide profitable upward momentum and cash flow for the next investor.
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West Woods Haven
268 Units
3202 W Nine Mile Road
Pensacola, FL  32534
Closed: 9/18/2019

Courtyard Apartments consists of 129 units located in Anderson, IN and was built in 1956. The property is currently owned by a private capital group out of Chicago. The current owner has infused more than $300,000 in capital improvements including various roof and window replacements and reviving down units.. With roughly 15 units currently offline, there is ample opportunity to continue improving the property and growing occupancy. Courtyard Apartments is located near Anderson’s most sought after west side neighborhoods. The near west side of Anderson is scheduled to benefit from multiple economic development initiatives, primarily centered around revitalization of the adjacent retail properties.

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The Courtyard
129 Units
2725 W 16th Street
Anderson, IN  46011
Type: Conventional
Closed: 9/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 268-unit Collins Crossing apartment community located in Carrboro, NC. This asset is situated on the Jones Ferry Rd/ NC-54 interchange with immediate access to the area’s premier retailers and economic drivers. Only 94 units are expected to deliver through 2021, of which Carrboro has not seen any new multifamily developments in 10 years. The growing demand of Chapel Hill paired with Carrboro’s lack of supply poises the property for consistent returns for years to come. Built in 1971, Collins Crossing offers an outstanding opportunity to invest in a quality asset that has received an investment of over $5.8 million since 2013.
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Collins Crossing
268 Units
501 Jones Ferry Road
Carrboro, NC  27510
Type: Conventional
Closed: 9/16/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the brand new, 323-unit Overton Row apartment community in the heart of Plaza Midwood, Charlotte’s authentic epicenter for millennial entertainment. With a prominent presence at the corner of Central Avenue and Hawthorne Lane, Overton Row offers the rare opportunity to acquire an institutional-quality midrise in the city’s most walkable urban nucleus. Nearing completion of the market’s pace-setting lease-up, Overton Row is poised to continue proven, robust rent growth on the next generation of leases, driven by Plaza Midwood’s insulation from new development, high-earning renter pool, and in-process infrastructure improvements that promise enhanced connectivity to the 135,000+ jobs in Charlotte’s CBD.
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Overton Row
323 Units
1201 Central Avenue
Charlotte, NC  28204
Type: Conventional
Closed: 9/12/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 268-unit Sugarloaf Trails apartment community located in Duluth, Gwinnett County, GA. Gwinnett County is one of Atlanta's top growth corridors with roughly 53% population growth since 2000. Despite the impressive growth, Gwinnett County's apartment market has been extremely under-supplied, delivering 4.8K since 2010, a catalyst for continued rent growth. Additionally, Gwinnett County has more than $2B worth of developments under construction. Three of the largest developments (118-acre Revel entertainment district, Infinite Energy expansion, and 110-acre Legacy Park) are in the Sugarloaf Corridor, further propelling rent growth. Sugarloaf Trails presents the opportunity to acquire a true value-add investment in a thriving location.
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Sugarloaf Trails
268 Units
2255 Satellite Boulevard
Duluth, GA  30136
Type: Conventional
Closed: 9/12/2019

City View Apartments is a 112-unit property located in the West-Central submarket of Las Vegas and is poised to take advantage of the recent surge of nearby activity. Constructed in 1977, City View is a quaint community that offers proven renovation upside in both floor plans, ample common areas, a pool, and a lightly renovated clubhouse.

Las Vegas was the number one metro for rent growth in 2018, recording 7%+ growth. Las Vegas also recorded rent growth of 6%+ in 2016 and 2017. With the strong rent growth in Las Vegas, City View has been able to prove out $130 per month lifts in rents through a light interior improvement plan, while remaining "under market". Renovations include countertops, appliances, baseboards, paint, and hardware.

The West-Central submarket continues to be a proponent of higher rental rates as newer assets begin value-add campaigns & luxury projects continue to be developed in the immediate vicinity. Rent comps like the Sedona Ridge and Tower at Tropicana have rental rates $150-$200 per month higher than the renovated rates at City View. Sales in the submarket are exceptionally strong as well. The Green Leaf Lotus Apartments, less than one mile away, recently sold for $261,016.95 per unit. The 1988-vintage "Sequoia Meadows", just 0.9 miles away, recently sold for $163,602.94 per unit. Additionally, nearby Chinatown is experiencing a BOOM in the retail sector, as there proves to be huge demand to live, work, & eat in this corridor. Population growth in this pocket is projected at 9.41% through 2023

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City View Apartments
112 Units
3355 Arville Street
Las Vegas, NV  89102
Closed: 9/10/2019