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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Legacy at Jones Farm. Completed in 2015, Phase I delivered 248 Class A units to the Jones Valley submarket of SE Huntsville, an area of picturesque mountain views, top quality retail, and easy access to Downtown’s job drivers just minutes away. Phase II subsequently delivered 173 units in 2019 rounding out the submarket’s most prized asset. This unique modern community is spread across more than 50 acres and offers top-of-market amenities in each phase. Huntsville has experienced 9.7% annualized apartment rent growth in Q1 2020 following 6.2% in 2018 and 7.9% in 2019. Given its premier location, top-of-market amenities, and ornate residences, this high-demand asset offers an outstanding opportunity to acquire scale within one of America’s most desirable investment locales.
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Legacy at Jones Farm
421 Units
1 Legacy Farm Drive
Huntsville, AL  35802
Type: Conventional
Closed: 12/1/2020

Coveted opportunity to purchase a 5 property, 837 unit portfolio from long term owner. The Fort Wayne 5 Portfolio consists of 5 properties all with 95%+ occupancy, washer / dryers in all units and each offering value add potential. With 3 properties located adjacent to one another on the city’s southside, one property on the northside and one on the city’s west side, the portfolio offers diversity in terms of both location and unit type. The 3 southside properties were built in the early 70’s and provide well maintained workforce housing. Northcrest Gardens, built in 1964 is located on the northside is near the city’s finest retail and restaurants. Coventry Court West, the newest property in the portfolio, built in 1984 is adjacent to a high income area to the west of the property where household incomes are $75k annually.

Fort Wayne is the 2nd largest city in the state of Indiana and has an extremely stable multifamily market. Citywide average occupancy is 96.7% and has average 95% since 2015. Rents grew in Fort Wayne more than 5% and unemployment is at only 2.6%. Top three employers in Fort Wayne are two large healthcare networks, Parkview and Lutheran, followed by the Fort Wayne Community Schools.

The portfolio is being sold free and clear and offers a new owner immediate economy of scale, stable revenue day one with the opportunity further increase revenue through updates and upgrades.

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Fort Wayne 5
837 Units
Fort Wayne, IN
Type: Conventional
Closed: 11/30/2020

290 Residences, Commercial Garage & Prime Retail

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Park-Line Palm Beaches (the “Property”) – a trophy 26-story residential high-rise developed as a part of the evolutionary Brightline Trains and overlooking the new Rosemary Square, Clematis Street, the Atlantic Ocean, Downtown West Palm Beach, and Palm Beach’s newest multi-tenant office building, 360 Rosemary. This coveted and irreplaceable asset opened in December 2018 and is comprised of 290 luxury residences, 790 parking spaces, of which 442 are master-leased to Brightline, and 13,235 square feet of ground floor, high-value retail. The property has exceptional onsite and neighborhood amenities from a 12th floor recreation deck with Intracoastal and Atlantic Ocean views to immediate walkability to Clematis Street, Rosemary Square, the newest Class-A offices in West Palm Beach, and direct walk-on walk-off ability to Brightline.

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Park-Line Palm Beaches
290 Units
591 Evernia Street
West Palm Beach, FL  33401
Closed: 11/25/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 500-unit University Oaks apartment community located in Athens, Clarke County, Georgia. This asset is situated in the highly sought-after area of West Athens, characterized by its easy access to premier retail (Fresh Market, Chick-fil-a, Starbucks and Target) as well as Downtown. Centrally located within 5 minutes of Athens’ core economic drivers providing access to nearly 15k jobs; including University of Georgia, St. Mary’s Healthcare, and Piedmont Athens Regional Hospital. Built in 1965, University Oaks represents an outstanding opportunity to invest in a proven value-add asset located in one of the state’s most fundamentally desirable markets.
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University Oaks
500 Units
2360 West Broad Street
Athens, GA  30606
Type: Conventional
Closed: 11/20/2020
Cushman & Wakefield is pleased to present for sale, The Whit, a 74-unit Multifamily community in the charming Whittier neighborhood of Minneapolis.

Newly constructed in 2018, The Whit features expansive floor plans with designer finishes as well as state-of-the-art amenities including a fitness center, enclosed heated parking garage, and rooftop community garden and dining deck offering expansive views of the city.

Located at the center of one of Minneapolis’s most diverse and dynamic areas, The Whit is just a few short blocks from ‘Eat Street,’ encompassing dozens of eateries, bars, and shops as well as the Minneapolis Institute of Art, and the Midtown Greenway. The property is located 1-mile South of Downtown Minneapolis CBD and all the city has to offer.

The Whit is a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community.
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The Whit
74 Units
2201 Blaisdell Avenue
Minneapolis, MN  55404
Type: Conventional
Closed: 11/19/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the East Charlotte 728 Portfolio consisting of Delta Crossing, The Avalon, and The Kelston apartment communities. The assets are situated adjacent to the 78-acre mixed-use Eastland Mall redevelopment, which is anchored by the Headquarters of Charlotte’s new Major League Soccer team. Convenient location to a desirable thoroughfare provides access to 250,000 jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show a 14% increase to average household incomes over the next 5 years that will support continued rent growth. The East Charlotte 728 Portfolio represents an outstanding opportunity to realize rental premiums of up to $200 which nearby competitive properties are currently achieving in this rapidly transforming submarket.
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Delta Crossing
178 Units
6000 Delta Crossing Lane
Charlotte, NC  28212
Type: Conventional
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 264-unit Live Oak Trace apartment community located in Denham Springs (Baton Rouge), Livingston Parish, LA. This asset is situated in the desirable region of northeast Baton Rouge, an economy driven by healthcare, petrochemical, education, state government and a vibrant port along the Mississippi River. New ownership can achieve significant rental premiums through a modernization of the amenity package and interior finishes. Built in 2002, Live Oak Trace represents an outstanding opportunity to invest in a proven value-add asset in a recession proof, high-growth market.
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Live Oak Trace
264 Units
7615 Magnolia Beach Road
Baton Rouge, LA  70726
Type: Conventional
Closed: 11/10/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 1970-built Margate on Cone apartments located in Greensboro, NC. The property offers an outstanding opportunity to invest in a solid performing asset within the economic powerhouse of the Piedmont Triad MSA. The immediate area surrounding Margate on Cone is experiencing a significant amount of spill-over from the city’s most affluent districts, creating a path of growth and development that will help facilitate value enhancement at the property. With all but thirty-four (34) units on the property remaining untouched and rents currently trailing the submarket average by more than $100, new ownership will have the opportunity to capitalize on a two-prong, market supported value-add program through implementing an interior upgrade initiative and implementing utility reimbursements.
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Margate on Cone
233 Units
900 East Cone Boulevard
Greensboro, NC  27405
Type: Conventional
Closed: 11/10/2020

Mariners Village is a 244-unit apartment community located on Indianapolis’ suburban west side just outside of Indianapolis’ interstate loop. The property sits on a tranquil 60-acre springfed lake which offers scenic views from the property’s pool, deck, and from a number of units. Built in 1978, the community consists of fourteen residential buildings and a clubhouse, situated on almost 16 acres.

Mariners Village offers a variety of unit types, including 40 studio units in two floor plans (20 with popular lofts); 102 one-bedroom units (34 with lofts), and 102 two-bedroom units (34 with lofts). Unit features vary by type but include generous floor plans, private patios or balconies, kitchen pantries and large closets.

Community amenities include the clubhouse with community room, fitness center and saunas; the swimming pool with a large deck overlooking the lake, a jogging/walking path, dog park, picnic areas, laundry facilities on the first and second floor of every hall, and available covered parking.

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Mariners Village
244 Units
7135 Islander Drive
Indianapolis, IN  46214
Type: Conventional
Closed: 11/10/2020