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FULLY UPGRADED WITH LUXURY FINISHES & AMENITIES

The current owner has spent $5.5M on property upgrades including all new roofs and HardiePlank siding, luxury amenities and top-of-the-line unit finishes. 100% of the units have new designer cabinetry, granite countertops, stainless steel appliances, LVT flooring and come complete with all in one washer/dryer unit.

IN-PLACE CASH FLOW & HUGE UPSIDE

With 95%+ historical occupancy, the property offers excellent cash flow immediately. A new owner can continue to grow revenue easily by simply burning off the current $750k annual loss to lease. The current market rent still trails the competing properties by $25 - $74 and is achievable on new leases.

GREAT ATTRIBUTES

The Jameson was thoughtfully constructed with excellent layouts, 70% of units with the popular 2 bed/2 bath style, and 14% of units with a unique single-story cottage.

ADJACENT TO NOTABLE HEALTHCARE EMPLOYMENT

Located adjacent to St. Vincent Hospital (13,000+ emp) and less than 4 miles from Hamilton County, Indiana’s highest income area, The Jameson offers residents easy access to employment, retail, services and excellent schools. St. Vincent Hospital will be undergoing a $325M expansion, which will lead to the creation of many new jobs in the property’s immediate vicinity.

CONVENIENT & SOUTH AFTER NORTHSIDE INDY

Conveniently located near an abundance of big box and boutique shopping and a wide variety of dining options. Travel just north of the property on the heavily concentrated 86th Street for Trader Joe's, Costco & Fresh Thyme. Luxury shopping & dining at Keystone at the Crossing is just five miles away.

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Sold
The Jameson
258 Units
1808 Century Way
Indianapolis, IN  46260
Closed: 6/24/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 84-unit, 336-bed Huntsville Place student housing apartment community located in Huntsville, AL. This asset is situated less than one-mile northwest of the University of Alabama in Huntsville (9.5K+ students), 1.1 miles directly south of Oakwood University (1,500 students) and roughly 10 minutes away from downtown Huntsville, AL. UAH is consistently ranked as one of the best colleges in salary potential for recent graduates. The purpose-built student housing asset was completed in 2008 and is the only standalone asset of its kind that also offers large 4BD/4BA floorplans. The asset is in a market with 8% avg. rent growth since the first quarter of 2019. Boasting exceptional performance in a top investment market, Huntsville Place represents an outstanding opportunity to invest in a high-performing student asset in one of the top multifamily markets in the U.S.
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Sold
Huntsville Place
84 Units | 336 Beds
4955 Century Street NW
Huntsville, AL  35816-1973
Type: Student
Closed: 6/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Park on 23rd, 98 units located in Pell City, Alabama (Birmingham MSA) which has the nation’s second lowest unemployment rate according to the Wall Street Journal and 60K+ jobs added since April 2020. The asset is situated 0.5 miles off of I-20 and only a mile from downtown Pell City, a rapidly growing submarket in the Birmingham MSA with YoY rent growth of 12%+ during 2021.This asset’s location puts it 15 minutes from the Honda vehicle assembly plant in Lincoln, AL (4,500+ jobs). Built in 1992, The Park at 23rd represents an outstanding opportunity to invest in a cash flowing asset with strong submarket fundamentals.
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Sold
The Park on 23rd
98 Units
1103 23rd Street N
Pell City, AL  35125
Closed: 6/17/2022

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Ivy Towns & Flats , a 266-unit, 2015-built apartment community located in very desirable West Lafayette, a booming city known for both Purdue University and innovative industry.

The acquisition of Ivy Towns & Flats represents the opportunity to own one of the best properties in a very sought after location. The property offers everything high-income dwellers are looking for - from a luxurious amenity set to the high-end unit finishes, attached garages and a single-family feel.

LUXURY SUBURBAN PROPERTY WITH SIGNIFICANT RENT GROWTH POTENTIAL

Ivy Towns and Flats is the premier suburban property in West Lafayette. At 99% occupancy, the ability to increase rents is clear based on the incredible demand for a quality well-located product. It is expected that rents can be increased by more than $200 immediately.

HIGH-END RESIDENT BASE

Residents at Ivy Towns & Flats are young, educated and high earning with approximately 60% being students. The current non-student residents work in diverse professions including education, healthcare and technology and boast an average HH Income of over $82,000.

HIGH-END FINISHES & UNIQUE FEATURES

Ivy Towns & Flats offers high-end finishes, attached garages, a single-family residential feel and open floorplan living space. The elevated amenity set offers residents the comfort and convenience they demand.

IMPRESSIVE MARKET FUNDAMENTALS

Greater Lafayette shows strong 6.2% rent growth and 94% occupancy with limited new construction. The area is bolstered by growing Purdue University where applications are up 48%. Purdue now ranks as one of the nation’s top U.S. public institutions as well as one of its most innovative.

MULTIFACETED GREATER LAFAYETTE

The Greater Lafayette Area is continuing incredible growth, innovation and expansion. With new developments in both education and industry, this area continues to be a top place to live work and play.

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Sold
Ivy Towns and Flats
266 Units
2080 Foxglove Way
West Lafayette, IN  47906
Type: Conventional
Closed: 6/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Mariner Grove, a 320-unit luxury apartment community located in Savannah, Chatham County, Georgia. The property is strategically located near Downtown Savannah, Eastern Wharf, Port of Savannah, Tybee Island and Savannah Proper, providing great access to major economic drivers as well as top entertainment hubs. Built in 2016, Mariner Grove represents a rare opportunity to acquire a highly amenitized urban asset with robust property performance and tremendous upside shown in recent leases that are achieving 12% premiums over in-place rents. Savannah’s exceptional job market, growing industrial sectors and continued population growth will support Mariner Grove as a premier asset with boundless upside.
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Sold
Mariner Grove
320 Units
2010 East President Street
Savannah, GA  31404
Type: Conventional
Closed: 6/14/2022