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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 260-unit The Grove on Southlake apartment community located in Morrow, Clayton County, GA. This top of the market community boasts a strategic location in Atlanta’s thriving "Southern Crescent". The "Southern Crescent" market, which is roughly defined as the area south of I-20, has accounted for 14% of Atlanta’s population growth while only accounting for 3% of the metro’s new inventory this cycle, a catalyst for continued rent growth. Effective rents for Clayton County have grown by more than 40% since 2010. These incredible supply demand dynamics will translate to compelling growth that can be enhanced by elevating the property’s interior finishes to meet market demand. The Grove on Southlake is an excellent opportunity to acquire a true value-add investment well below replacement cost.
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The Grove on Southlake
260 Units
7290 Southlake Parkway
Morrow, GA  30260
Type: Conventional
Closed: 2/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 294-unit Shadow Ridge apartment community located in Riverdale, Clayton County, GA. This asset is situated in the in-fill Clayton County apartment submarket, characterized by limited new deliveries and strong organic rent growth of 40% since 2010. Shadow Ridge’s location, being less than 30 minutes from the Atlanta Central Business District and less than 15 minutes from Hartsfield-Jackson International Airport and several major distribution corridors, makes it an appealing community in Atlanta’s "Southern Crescent," which is roughly defined as the area south of I-20. With demand for upgraded interiors evident at the subject property and in the submarket and exterior and amenity renovations already completed at the subject property, Shadow Ridge is an excellent value-add investment opportunity.
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Shadow Ridge
294 Units
950 Lake Ridge Parkway
Riverdale, GA  30296
Closed: 2/13/2019

Cushman & Wakefield is pleased to offer LAKESIDE DRIVE A BROADSTONE COMMUNITY: A brand new 150-unit Class "A" luxury rental community centrally located near the heart of Downtown Tempe, Arizona, just steps away from Tempe Town Lake, the Tempe Center for the Arts, and popular Mill Avenue eateries and bars. Lakeside Drive A Broadstone Community features a mix of spacious studio, one, two and three bedroom (penthouse) floor plans and superior amenities. Lakeside Drive’s location near Rio Salado Parkway and Mill Avenue provides easy access to Arizona State University and other top-rated schools, medical centers, Tempe Beach Park, movie theaters, major employers and office parks, and many shopping and dining options. The property’s location is 1 mile away from the Loop 202 freeway and only a half-mile away from the light rail station at Mill Avenue and 3rd Street.

Residents can take advantage of Lakeside Drive’s resort-style swimming pool and spa, poolside cabanas, pool house with air-conditioned social area, outdoor firepits and entertainment pavilion, gourmet grilling stations, rooftop lounge with panoramic city and water views, clubroom with gourmet kitchen, complimentary coffee bar, two-story state-of-the art fitness center, climate controlled interior corridors, interior resident storage units, TransitScreen display, gated community with smartphone resident access, garage parking, WiFi in common areas and complimentary resident beach cruisers. Lakeside Drive A Broadstone Community features the Phoenix area’s first co-working space offered in a multifamily community, which allows residents to truly work from the comfort of their own home.

The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Lakeside Drive’s floor plans feature wood-style flooring, walk-in closets, gourmet kitchens with gas cooktops, Energy Star appliances, granite countertops and modern tile backsplashes, European-style cabinets with brushed aluminum pulls, USB charging outlets, Nest thermostats and front-load washer/dryers. Select units include 19-foot ceilings, en-suite bathrooms with dual vanities and wine refrigerators.

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Lakeside Drive A Broadstone Community
150 Units
500 West 1st Street
Tempe, AZ  85281
Type: Conventional
Closed: 1/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Heights at Skyland - 304 units located in Tuscaloosa, AL. This asset is situated in the growing Tuscaloosa submarket, which has attracted 2,700+ future jobs over the next 2 years and is grounded on two expanding pillars of The University of Alabama and the Mercedes-Benz plant. The subject boasts 97 renovated units ($30-$120 premiums), leaving 207 units for the next investor to fully round out the property. Built in 1975 and 1991, The Heights at Skyland represents the opportunity to invest in a well-performing asset in a high-growth market with massive upside via strategic capital improvements.
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The Heights at Skyland
304 Units
4527 18th Avenue East
Tuscaloosa, AL  35405
Closed: 1/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 210-unit Chroma Park apartment community located in Austell, Georgia. Chroma Park is situated in flourishing Cobb County and maintains high accessibility off I-285 and the East-West Connector. Transformational new developments in Cobb include the new Atlanta Braves stadium and Smyrna/Vinings mixed-use, upscale retail centers. This growth is propelling high-income families to move to the northern suburbs in addition to the award-winning schools and large concentration of jobs, which are driving home values and income. Given a five-mile radius of Chroma, average HHI is projected to grow by 10% over the next five years. Chroma Park represents an opportunity to acquire a true value-add property in a premier, growing location on the Silver Comet Trail.
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Chroma Park
210 Units
2105 Mesa Valley Way
Austell, GA  30106
Type: Conventional
Closed: 1/29/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Tremont - a 224-unit apartment community in the thriving Columbia, SC MSA. Built in 2016 and boasting top-of-market features and amenities, The Tremont is Urban Columbia’s premier upscale multifamily property. The asset is in close proximity to the area’s foremost employment centers as residents enjoy walking distance to University of South Carolina and Downtown Columbia, in addition to private access to the nearly 8-mile-long Cayce Riverwalk. The Tremont’s strong operations and above-market average occupancy in the trailing year (97%) provide the ideal launch-pad for organic rent growth as the property captures the current rent ceiling of $200+ provided by downtown. Minimal new supply that will compete with The Tremont coupled with the Cayce submarket's projection for the metro's highest rent growth through 2022 offer protection for the asset's long-term growth potential.
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The Tremont
224 Units
111 Knox Abbott Drive
Cayce, SC  29033
Type: Conventional
Closed: 1/23/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Pines of Wilmington - a 233-unit apartment community in Wilmington, NC constructed in 1975. Bolstered by recent capital improvements and robust operational momentum, The Pines of Wilmington offers investors a potential +37% boost to annual NOI through completion of an underway, proven value-add program. The asset is firmly cemented in the metro’s highest rent growth submarket that is primed to benefit from development expansion moving southward. In addition, The Pines of Wilmington is in close proximity to the principal economic drivers and premier retail nodes of Wilmington - an MSA characterized by rapid population growth, an expanding employment nucleus, and attractive demographics..
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The Pines of Wilmington
233 Units
1002 Mayflower Drive
Wilmington, NC  28412
Type: Conventional
Closed: 1/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Apartments at Shade Tree, a 248-unit apartment community located in Johns Island, South Carolina. The property is located in a fast-growing submarket with high visibility off major artery Maybank Highway, which is currently being transformed into four lanes, paving the way for future rental growth as the area continues to expand. With a high rent growth ceiling between the property and its competitors, as well as the immediate opportunity to implement water/sewer and valet trash charges at the property, the property offers tremendous rent and NOI growth upside. The property is being offered at a significant discount to recent nearby trades and replacement cost. With high barriers to new development throughout Charleston, the property is well-positioned to enjoy long-term rent growth and offers an outstanding return on investment.
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The Apartments at Shade Tree
248 Units
2030 Wildts Battery Boulevard
Johns Island, SC  29455
Type: Conventional
Closed: 1/10/2019