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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Park 35, a 304-unit multifamily asset located in the dynamic Decatur market. The property was built in multiple phases in 1965, 1973, and 2000, and has been well-maintained since the complete property renovation that occurred in 2000, which included the replacement of all roofs, windows, mechanicals, appliances, cabinets, countertops, and flooring in the original 1965 and 1973 phases. Current ownership has spent $1.8M+ in capital since acquisition in 2016; however, 100% of the unit interiors and the amenity package remain "untouched" from a value-add perspective since the 2000 renovation. Therefore, Park 35 represents a rare opportunity for an investor to purchase a well-located, quality asset with substantial value-add upside.
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Sold
Park 35
304 Units
3529 Robins Landing Way
Decatur, GA  30032
Closed: 3/11/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Hollows, a 212-unit apartment community located in Columbia, SC. Embedded between Downtown Columbia and one of the largest retail corridors, Harbison Boulevard, The Hollows sits near the top employment centers in the area where multiple large investments have continually been made to expand and strengthen the Metro job market. With large forecasted rent growth, top submarket rankings in growth (5.10%) and concession values in the second quarter of 2019, The Hollows offers the chance to boost NOI by $123,000 with over 42% of unit interiors left to be renovated, bringing them in-line with fully renovated units that are averaging $50-$75 rent premiums.
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Sold
The Hollows
212 Units
1300 Longcreek Drive
Columbia, SC  29210
Type: Conventional
Closed: 3/6/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Chaney Place apartment community located in the rapidly expanding city of Huntsville, AL. Huntsville’s economy has added over 12K jobs and $5B of capital investments since the start of 2018 and is one of the top-ranked investment markets in the entire U.S. Notably, Huntsville now has the #1 most technical workforce in the country with nearly 17% of the workforce in a STEM related field earning $95k+ average salaries. Chaney Place features a class "A" home-like experience with 100% ground floor entry townhomes, massive 1,350 SF average floor plans and highly desirable amenities. Delivered between 2008-2015, Chaney Place represents the rare opportunity to acquire an attractive, cash flowing asset within the premier Huntsville investment space.
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Sold
Chaney Place
80 Units
1060 Chaney Place Dr
Huntsville, AL  35803
Closed: 3/5/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present Integra Sunrise Parc – a brand new, 300-unit luxury garden apartment community located in Kissimmee, Florida. The property was thoughtfully crafted to create the highest design standards and living experience. Located in the Hunter’s Creek/Sunrise City submarket, the property provides rare suburban accessibility to nearby shopping and dining that includes Publix, Walmart, The Loop and Lake Buena Vista Outlets. Residents also have access to one of the most active employment markets in the Orlando metro. Integra Sunrise Parc is being offered for the first time by its developers, Integra Land Company, CrossHarbor Capital and Panther Residential Management LLC.
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Sold
Integra Sunrise Parc
300 Units
4701 Luminous Loop
Kissimmee, FL  34746
Type: Conventional
Closed: 3/5/2020