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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of 1420 Magnolia – an irreplaceable core-plus value-add opportunity immersed in the heart of in-town living. The 204-unit, 1999-built asset is positioned in the epicenter of Montford Park, Charlotte’s next core micro market exploding with new commercial development and characterized by blue chip demographics ($102,439 avg. HHI’s), high-end homes ($403,700 MHV) and Charlotte’s premier employment hubs with 190,000+ jobs within a 15-minute drive. Featuring both garden and urban attributes, the asset offers a truly unique framework primed for immediate value-add in an area that’s witnessed $300 value-add premiums.
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1420 Magnolia
204 Units
1420 Estates Avenue
Charlotte, NC  28209
Type: Conventional
Closed: 5/24/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Arbor Creek, a 280-unit, 1969-built garden apartment community located in Raleigh, NC. Conveniently situated in the Cary submarket of the explosive Raleigh-Durham MSA, Arbor Creek provides tenants with close proximity to the area’s premier retail destinations and economic drivers, and a highly sought after school system. Additionally, the submarket’s projected rent growth and occupancy rates of 13% and 97%, respectively, will complement property performance for years to come. With over $3 million in CapEx recently completed, Arbor Creek is a low-maintenance, clean asset with two different levels of proven value-add that have potential to increase annual NOI up to 15% upon completion.
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Arbor Creek
280 Units
5400 Portree Place
Raleigh, NC  27606
Type: Conventional
Closed: 12/15/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Arbor Glen and Meadow Green apartment communities in Spartanburg, South Carolina. Situated along the commerce-rich I-85 corridor, Spartanburg is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (8,800 employed) and burgeoning high-tech economy. The adjacent subject assets are in desirable east Spartanburg, one mile from the busy East Main Street commercial corridor (Publix, Fresh Market, Aldi). Ripe for value add, these synergistic properties represent outstanding investment potential in the powerful Upstate region.
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Arbor Glen
156 Units
1514 Fernwood Glendale Road
Spartanburg, SC  29307
Type: Conventional
Closed: 9/27/2017
Arbor Glen & Meadow Green (2 properties, 272 units)
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the Ashford Pointe and Ashford Cove apartment communities located in Anderson, SC. The combined 316-units are conveniently situated in a highly trafficked area north of downtown Anderson, in close proximity to the region’s top employers and an abundance of walking distance retail. Given Anderson County’s lack of supply with no proposed deliveries until 2021, submarket fundamentals are expected to well outperform the greater MSA. Additionally, these two assets are being offered following a capital infusion of $3.5 million, giving incoming investors the opportunity to focus on enhancing value by an impressive 30% through completion of the already proven interior value-add initiative.
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Ashford Cove
136 Units
201 Miracle Mile Drive
Anderson, SC  29621
Type: Conventional
Closed: 4/30/2018
Ashford Cove & Ashford Pointe (2 properties, 316 units)
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of the Ashford Pointe and Ashford Cove apartment communities located in Anderson, SC. The combined 316-units are conveniently situated in a highly trafficked area north of downtown Anderson, in close proximity to the region’s top employers and an abundance of walking distance retail. Given Anderson County’s lack of supply with no proposed deliveries until 2021, submarket fundamentals are expected to well outperform the greater MSA. Additionally, these two assets are being offered following a capital infusion of $3.5 million, giving incoming investors the opportunity to focus on enhancing value by an impressive 30% through completion of the already proven interior value-add initiative.
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Ashford Pointe
180 Units
200 Country Club Lane
Anderson, SC  29652
Type: Conventional
Closed: 4/30/2018
Ashford Cove & Ashford Pointe (2 properties, 316 units)
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 97-unit Beaucatcher Flats apartment community located in the white hot market of Asheville, NC. Serving as Urban Asheville’s premier upscale multifamily community, Beaucatcher Flats is located less than one mile from Downtown Asheville, and within walking distance to Western Carolina’s largest employer, Mission Health (12,000 total employees). The property is also situated at one of Asheville’s highest elevation points providing picturesque mountain views. Nearing completion of the initial lease-up, Beaucatcher Flats will deliver concession-free with the ability to push rents on 2nd generation leases and grow ancillary income from multiple sources.
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Beaucatcher Flats
97 Units
128 Florence Street
Asheville, NC  28801
Closed: 9/21/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 296-unit, two-property portfolio consisting of Berkshire Manor (104 units - 1972) and Berkshire Manor West (192 units - 1979). The properties are located across the street from each other in Carrboro, NC just two (2) miles from the University of North Carolina at Chapel Hill. The portfolio offers an outstanding opportunity to invest in two (2) solid performing assets with proven value-add opportunity in an affluent Chapel Hill submarket sheltered from future supply.
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Berkshire Manor
104 Units
101 Highway 54 Bypass
Carrboro, NC  27510
Type: Conventional
Closed: 12/4/2017
Berkshire Manor & Berkshire Manor West (2 properties, 296 units)
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 296-unit, two-property portfolio consisting of Berkshire Manor (104 units - 1972) and Berkshire Manor West (192 units - 1979). The properties are located across the street from each other in Carrboro, NC just two (2) miles from the University of North Carolina at Chapel Hill. The portfolio offers an outstanding opportunity to invest in two (2) solid performing assets with proven value-add opportunity in an affluent Chapel Hill submarket sheltered from future supply.
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Berkshire Manor West
192 Units
112 Highway 54 Bypass
Carrboro, NC  27510
Type: Conventional
Closed: 12/4/2017
Berkshire Manor & Berkshire Manor West (2 properties, 296 units)

Offers due by Thursday, August 18, 2016

Property Tours:
  • Tuesday, July 19, 2016
  • Tuesday, July 26, 2016
  • Tuesday, August 2, 2016
  • Tuesday, August 9, 2016
  • Tuesday, August 16. 2016

Please contact one of the brokers listed on this page to discuss or schedule a tour.

Cushman & Wakefield is pleased to present the exclusive listing of the 356-unit Brandemere apartments in Winston-Salem, North Carolina, which is part of the prolific Greensboro/Winston-Salem/High Point “Triad” region. Strategically situated just north of Wake Forest University, Brandemere offers direct connectivity to major employment centers that include Hanesbrands, Inc., Wake Forest University, and the Wake Forest Innovation Quarter. Completed in three phases between 1984 & 2009, Brandemere offers prime investment potential for a revenue-producing value-add program.

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Brandemere
356 Units
7013 Brandemere Lane
Winston-Salem, NC  27106
Type: Conventional
Closed: 1/27/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Briarwood, a 274-unit 1970 (renovated in 1996)-built apartment community in Fayetteville, NC. The property has two entrances on Owen Drive, a major thoroughfare with more than 950 feet of frontage leading up to the highly trafficked intersection of Owen Drive and Boone Trail (43,000 VPD). Briarwood is an attractive, low maintenance property - boasting all brick exteriors and pitched roofs - that has been owned by current ownership for over 18 years and has maintained impressive occupancy levels averaging 95% since January-2015. Additionally, only 7% of the current residents are military. Strong operations coupled with a recent capital infusion of over $1.023M offer incoming investors the unique opportunity to acquire a quality asset with 40% NOI growth potential through a comprehensive interior upgrade program. The property is being offered on an all-cash basis or as a loan assumption with a below market interest rate
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Briarwood (Confidential)
274 Units
29 Briar Circle
Fayetteville, NC  28306
Closed: 8/24/2018
Property Tours are to be scheduled Tuesdays through Thursdays directly with Brokers, 72 hours in advance.

Cushman & Wakefield is excited to present the exclusive listing of the 90-unit, 1982-built Bridges at Quail Hollow apartments located in an affluent neighborhood of Charlotte, NC. Bridges at Quail Hollow is located within a short walk of the prestigious Quail Hollow Country Club, Charlotte’s most exclusive country club and host of the 2017 PGA Championship. Located in the "Urban Core" of Charlotte, Bridges at Quail Hollow is surrounded by over 46 million SF of Class A employment centers and over 3 million SF of upscale retail centers. With an attractive unit mix consisting of large floor plans (1,088 SF avg.) and a high concentration of townhome units (53%), the property is ideally suited for an interior value-add program with rents trailing value-add competition by $133.

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Bridges at Quail Hollow
90 Units
7561 Quail Meadow Lane
Charlotte, NC  28210
Type: Conventional
Closed: 3/1/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit portfolio Creekside at Wellington and Garden Villas in Gaffney, SC and Gastonia, NC, respectively. These strategically located, well-maintained properties are both located less than half a mile off of I-85 with access to major employment centers of the Upstate and Charlotte, while offering investors value-add opportunities in markets with scarce competition. Creekside at Wellington has untapped potential income with existing storage units on site and potential to boost NOI with implementation of a value-add initiative. With a proven value-add program in place, Garden Villas is well positioned to capitalize on Charlotte MSA’s tightening fundamentals.
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Creekside at Wellington
92 Units
1230 Overbrook Drive
Gaffney, SC  29341
Type: Conventional
Closed: 10/2/2017
Creekside at Wellington & Garden Villas (2 properties, 192 units)
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Cross Creek Cove, a 265-unit 1984 / 1994-built apartment community in Fayetteville, NC. Strategically located along the highly popular Skibo Road corridor in west Fayetteville, the property is conveniently situated in close proximity to the city’s premiere retail nodes and top economic catalysts. Cross Creek Cove is a quality asset with low maintenance, attractive brick exteriors that has received a combined capital infusion of more than $859,000 and is being offered at a discount to replacement by its current owner, who has owned the asset for 19 years. This coupled with strong operations - the property has maintained an average occupancy level of 94% since January-2015 - and a low concentration of military tenants, currently 20%, offers incoming investors the unique opportunity to acquire a quality asset with 30% NOI growth potential through a comprehensive interior upgrade program. The property is being offered on an all-cash basis or as a loan assumption with a below market interest rate.
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Cross Creek Cove (Confidential)
265 Units
855 King Arthur Drive
Fayetteville, NC  28314
Type: Conventional
Closed: 8/24/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 320-unit, 1985-built Emerald Forest apartments in Durham, NC. The property is located next door to the Research Triangle Park that plays home to over 200 companies employing more than 50,000 workers. Emerald Forest offers residents seamless access to the area’s premier dining and shopping destinations by way of Highway 54. A recent capital infusion of almost $3 million offers investors an ideal launch-pad for unit interior upgrades to escalate income. New ownership will be uniquely positioned to select from multiple go-forward value-add strategies - completing the current platform achieving $115 premiums, or pivoting to a market-supported "Value-Add 2.0" with impactful NOI growth potential of 46%.
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Emerald Forest
320 Units
4512 Emerald Forest Drive
Durham, NC  27713
Type: Conventional
Closed: 6/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Forest Edge Townhomes, a 134-unit townhome community in Raleigh, NC. Built in 1986 and recently renovated, the property is positioned in a rapidly expanding MSA - projected to post 19% population growth through 2022. The property’s submarket boasts impressive schools and economic fundamentals as rent growth and occupancy are expected to outpace the broader metro. Residents enjoy seamless access to top employment and retail centers as the asset is barbelled by Garner, NC and the booming Downtown Raleigh. Given the over $1.2 million of CapEx recently completed, investors have the chance to obtain a clean, all-townhome property with the prospect to boost NOI +12% through completion of a well-established value-add program.
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Forest Edge Townhomes
134 Units
2920 Boone Trail
Raleigh, NC  27610
Type: Conventional
Closed: 6/29/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Fountains at Mooresville Town Square - a 227-unit, 2012-built institutional quality asset with market-supported upside. Embedded within the Mooresville Town Square lifestyle center, residents of Fountains enjoy a walkable mixed-use community offering everything from necessities to nightlife. Home to global corporations and commonly referred to as "Race City USA", Mooresville is well known for its dense collection of 60+ race teams and motorsports suppliers of NASCAR. With rapid population growth, an affluent resident pool and a diminished supply pipeline, Fountains is uniquely positioned to capitalize on a tightening rental market. In addition, the property offers market-supported value-add with expected $120 premiums - representing a potential to boost income by 18%.
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Fountains at Mooresville Town Square
227 Units
170 Mooresville Commons Way
Mooresville, NC  28117
Type: Conventional
Closed: 7/18/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit portfolio Creekside at Wellington and Garden Villas in Gaffney, SC and Gastonia, NC, respectively. These strategically located, well-maintained properties are both located less than half a mile off of I-85 with access to major employment centers of the Upstate and Charlotte, while offering investors value-add opportunities in markets with scarce competition. Creekside at Wellington has untapped potential income with existing storage units on site and potential to boost NOI with implementation of a value-add initiative. With a proven value-add program in place, Garden Villas is well positioned to capitalize on Charlotte MSA’s tightening fundamentals.
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Garden Villas
100 Units
1776 Poston Circle
Gastonia, NC  28054
Type: Conventional
Closed: 8/22/2017
Creekside at Wellington & Garden Villas (2 properties, 192 units)
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the 564-unit Greenville Portfolio comprised of the Haywood Pointe, Greyeagle, and Gleneagle apartment communities. Greenville anchors South Carolina’s prolific Upstate region, which is internationally recognized for its massive BMW plant (8,800 employed). These three synergistic, institutionally-maintained assets all have key locations proximate to Greenville’s thriving "Industry Triangle," which is home to 8 of Greenville’s Top 10 employers and 50,000+ jobs. With 7.8% annual income growth, the portfolio arrives with strong momentum that can be further increased through a value-add upgrade program.
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Gleneagle
192 Units
1011 West Butler Road
Mauldin, SC  29607
Type: Conventional
Closed: 5/23/2017
Greenville Portfolio (3 properties, 564 units)
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit, 1967-built Grandeagle apartments in Greenville, SC. The property is located within the Upstate’s “Industry Triangle” that plays home to 8 of the city’s 10 largest employers and 50,000 jobs. Grandeagle offers residents walking distance dining options and seamless access to the area’s premier retail destinations given its proximity to Interstate-385. A recent capital infusion of more than $850k offers investors an ideal launch-pad for unit interior upgrades to escalate income. New ownership will be uniquely positioned to select from multiple go-forward value-add strategies – completing the current platform achieving $135 premiums, or pivoting to a market-supported “Value-Add 2.0” with impactful NOI growth potential of 66%.
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Grandeagle
152 Units
50 Glenwood Road
Greenville, SC  29615
Type: Conventional
Closed: 7/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the 564-unit Greenville Portfolio comprised of the Haywood Pointe, Greyeagle, and Gleneagle apartment communities. Greenville anchors South Carolina’s prolific Upstate region, which is internationally recognized for its massive BMW plant (8,800 employed). These three synergistic, institutionally-maintained assets all have key locations proximate to Greenville’s thriving "Industry Triangle," which is home to 8 of Greenville’s Top 10 employers and 50,000+ jobs. With 7.8% annual income growth, the portfolio arrives with strong momentum that can be further increased through a value-add upgrade program.
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Greyeagle
156 Units
4551 Old Spartanburg Road
Taylors, SC  29687
Type: Conventional
Closed: 5/23/2017
Greenville Portfolio (3 properties, 564 units)
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