Past Sales

Refine Your Search

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 66-unit 2200 Midtown apartment community located in Greensboro, NC. This asset is firmly situated in a top performing submarket of the Triad with strong fundamentals and outstanding demographics, outpacing the broader metro on nearly all indicators. Built in 1965, 2200 Midtown offers a 77% completed value add program that is commanding solid premiums of over units leasing with standard features. As submarket household incomes approach $90K+ paired with a muted delivery pipeline, the market indicates support for higher-end finishes as Greensboro shifts its focus to target a white-collar workforce through educational attainment. Investors have the opportunity to increase annual income by $48K by pushing rents to achieve market supported premiums in a top Triad submarket for rent growth.
...
Sold
2200 Midtown
66 Units
2200 Cornwallis Drive, West
Greensboro, NC  27408
Type: Conventional
Closed: 2/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Park at Village Oaks, 124-unit apartment community located in growing Leland, NC. Built in 2007, this property has carried out an extensive interior upgrade initiative, providing investors with a quality, competitive asset at a discount to replacement cost. With the heavy lifting out of the way, investors will have the opportunity to shift their focus to implement additional revenue streams, offering a potential 9% boost to annual NOI. Located only 4 miles from a booming downtown Wilmington, The Park at Village Oaks is perfectly situated to experience all Wilmington has to offer. In addition to the locational benefits of the Wilmington MSA, the site is in the heart of Leland’s Gateway District – an area the town has prioritized for immediate infill redevelopment.
...
Sold
The Park at Village Oaks
124 Units
136 Parsley Lane
Leland, NC  28451
Closed: 2/23/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Gleneagle apartment community located in Columbia, SC. This asset is situated in the capital city of South Carolina boasting strong submarket fundamentals including 15% projected rent growth and 13% average household income growth through 2025. Having changed between multiple management companies, current management operations are sound and trending in the right direction. Built in 1973, Gleneagle represents an outstanding opportunity to invest in a property that comes to market with a proven value-add plan set in-place by current ownership leaving 164 units (73%) to be renovated and command premiums of $125.
...
Sold
Gleneagle
216 Units
601 St. Andrews Road
Columbia, SC  29210
Type: Conventional
Closed: 2/1/2021

Village at Aspen Place offers an investor the opportunity to acquire a true "Best in Class", "A" quality multifamily property with highend, resort-style amenities and 26 unique floor plans in a premier mixed-use setting. Amenities offered residents include resident clubhouse with kitchen and coffee lounge, fitness center and yoga room, heated swimming pool and spa, outdoor barbecue grills and fire pit, bike/ski repair shop, pet washing station and package concierge lockers.

The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Village at Aspen Place’s spacious floor plans feature nine-foot or higher ceilings, wood-style vinyl plank flooring, Knotty Alder wood cabinets, granite countertops, stainless steel appliances, tiled floors and showers in bathrooms, oversized closets, large balconies/patios and full size washer/dryers. Select units include wet bars, built-in desks, concierge doors and vaulted ceilings.

Village at Aspen Place features an attached 6-story parking structure with elevator access to each floor. Residents have access to their units via air-conditioned/heated corridors. From their front door residents of Village at Aspen Place can access a variety of shopping, restaurants and service businesses, including Whole Foods, REI, Lululemon, Grimaldi’s Pizzeria, Wildflower, Barre3 and many others. Village at Aspen Place is Flagstaff’s only true mixed-use community.

...
Sold
Village at Aspen Place
222 Units
601 East Piccadilly Drive
Flagstaff, AZ  86001
Type: Conventional
Closed: 1/29/2021

Aura, 125 units on Indy’s west side, is being offered for sale both individually or as part of a 3 property portfolio totaling 849 units. Portfolio buyers will have the opportunity to have an immediate sizable presence in Indy and benefit from economies of scale. However, the purchase of Aura as a stand-alone property is an excellent option and offers the ability to purchase a property with very spacious units. The average unit size at Aura is just over 1,200 square feet and offers a balanced mix of one, two and three bedroom units.

The current owner has renovated approximately 25% of units and proven rent premiums of up to $170/month. Located on the westside of Indy, Aura is very close to a large number of employers and offers quick access to downtown. Aura (and the entire portfolio) is being offered free and clear.

For more information on the other properties available in the portfolio, click below:

M Club Offering Memorandum

Retreat Northwest Offering Memorandum

...
Sold
Aura
125 Units
3035 W. 39th Street
Indianapolis, IN  46228
Closed: 1/27/2021

M Club Apartments, 388 units on Indy’s northeast side, is being offered for sale both individually or as part of a 3 property portfolio totaling 849 units. Portfolio buyers will have the opportunity to have an immediate sizable presence in Indy and benefit from economies of scale. However, the purchase of M Club as a stand-alone property is also an excellent option, with almost 400 units in one location. M Club offers a mix of studios, one bedroom and two bedroom units. The current owner has renovated approximately 20% units and proven rent premiums of up to $150 / month.

Located on the northeast side of Indy, M Club residents enjoy exceptionally easy access to Castleton, Fort Benjamin Harrison, and Downtown Indy is only 20 minutes away. M Club (and the entire portfolio) is being offered free and clear.

For more information on the other properties available in the portfolio, click below:

Retreat Northwest Offering Memorandum

Aura Offering Memorandum

...
Sold
M Club
388 Units
7007 Courthouse Drive
Indianapolis, IN  46226
Closed: 1/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 298-unit Reserve at 1200 & 1404 apartment communities are located in Albany, Dougherty County, Georgia. These assets are situated in the desirable Northwest Albany area along arterial corridor, Whispering Pines Rd, which quickly connects residents to the market’s premier retail and major job hubs. Built in 1979, Reserve at 1200 & 1404 represent an outstanding opportunity to invest in a moderately renovated, value-add primed asset, poised to benefit from several new jobs coming in the next 12 months, including a brand new hospital (350 jobs) and Georgia-Pacific’s new lumber plant (230 jobs). *This portfolio is operated by a special servicer.
...
Sold
Reserve at 1200 & 1404
298 Units
1404 Whispering Pines Rd & 1200 Kingtown Ct
Albany, GA  31707
Type: Conventional
Closed: 1/27/2021

Retreat Northwest Apartments, 336 units on Indy’s far north side, is being offered for sale both individually or part of a 3 property portfolio totaling 849 units. Portfolio buyers will have the opportunity to have an immediate sizable presence in Indy and benefit from economies of scale. However, the purchase of Retreat Northwest as a stand-alone property is also an excellent option. Built in 1973, Retreat Northwest has a very attractive unit mix with 21% one bedroom units, 32% two bedroom / two bath units, 42% two bedroom townhomes/lofts and 5% three bedroom units.

The current owner has renovated approximately 60 units and proven rent premiums of up to $170 / month. Retreat Northwest also has newer roofs , windows and patio doors replaced in 2013-2014. Located on Indy’s far north side, Retreat Northwest offers its residents access to excellent schools and is conveniently located near employment, retail and services. The property (and the entire portfolio) is being offered free and clear.

For more information on the other properties available in the portfolio, click below:

M Club Offering Memorandum

Aura Offering Memorandum

...
Sold
Retreat Northwest
336 Units
1130 Racquet Club N. Drive
Indianapolis, IN  46260
Closed: 1/27/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit Waterford Place at Mt. Zion apartment community located in Stockbridge, Metro Atlanta, GA. This asset is situated in one of the nation’s leading counties for multifamily rent growth throughout the pandemic, Clayton County, currently ranked 10th in the U.S. The area’s growth is propelled by a surge in jobs and industrial growth, making the area a prominent manufacturing and logistics hub. With few interior renovations completed, there is an excellent opportunity to dramatically increase rents through an interior value-add program. Built in 1995 & 2005, Waterford Place at Mt. Zion represents an outstanding opportunity to invest in a significant value-add asset in one of the nation’s fastest growing counties.
...
Sold
Waterford Place at Mt. Zion
400 Units
3196 Mount. Zion Road
Stockbridge, GA  30282
Type: Conventional
Closed: 1/27/2021