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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Meadows at HomePlace, a 240-unit, 2014-built apartment community located in the highly desirable Prattville, AL. Prattville has observed rapid expansion over recent years, with 15.4% population growth since 2010. This asset is situated within the master-planned HomePlace community consisting of nearly three million square feet of retail place, Capitol Hill Golf Club, upscale residential, and a Marriot Hotel. Built in 2014, Meadows at HomePlace offers the next investor the opportunity to acquire Prattville’s premier multifamily community, boasting Humphrey’s Big House Design with luxury amenities. The next investor will be acquiring an asset with strong occupancy trends (97% avg) and exceptional NOI growth (10.5%+), within the metro’s most desirable neighborhood.
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The Meadows at HomePlace
240 Units
790 Old Quarters Road
Prattville, AL  36066
Type:  Multifamily
Closed: 7/9/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Oak Tree, a 55-unit, 2023-built build-to-rent community located in the high-growth Chelsea suburb of Birmingham, AL. This asset is well-positioned in the rapidly expanding city of Chelsea, which was recently recognized as the 3rd fastest growing city in Alabama, as well as the fastest growing city within the Birmingham MSA. The Birmingham MSA has shown tremendous performance in the SFR/BTR space, boasting 7.6% rental growth so far in 2023, ranking fourth in the entire country amongst all major metro areas. Built in 2023, Oak Tree is fully delivered and offers a top-of-the-line quality product built by the nation’s largest home builder, poised in a high growth suburban corridor less than a 30-minute drive from the Birmingham central business district (35K+ Jobs).
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Oak Tree
55 Units
1000 Oak Tree Blvd
Chelsea, AL  35043
Type:  Multifamily
Closed: 6/24/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit Hillcrest Village apartment community located in Springdale, AR. Hillcrest Village is attractively situated just west of the I-49 corridor, walking distance from Arvest Ballpark, home to the AA affiliate of the Kansas City Royals, The Northwest Arkansas Naturals. Springdale rests in the heart of the booming NW Arkansas MSA, which is home to 3 Fortune 500 Companies – Walmart, JB Hunt and Tyson Foods. Tyson’s headquarters sits just 2 miles NE of the property, supplying 3,000+ corporate jobs and is 1 of the 3 top US poultry producers located in the city. Hillcrest Village is also uniquely positioned within the fast-growing NW Arkansas healthcare hub with Arkansas Blue Cross/Blue Shield, Arkansas Children’s Hospital NW, Highlands Oncology and Mercy Health all within a 5-minute commute. Still under development, Hillcrest Village offers an outstanding opportunity to invest in a well-located and highly desirable BTR product in one of fastest growing markets in the nation.
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Hillcrest Village
157 Units
2958 Cornell Dr
Springdale, AR  72762
Closed: 4/18/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Kipling, a 118-unit Built-To-Rent (BTR) community located in Baldwin County (Foley), AL. Kipling arrives to market as one of the region’s premier single family, detached BTR communities in Baldwin County. The asset is located in the rapidly expanding Foley submarket, recently ranked the highest-growth pocket in Baldwin County. With pristine beaches less than 12 minutes away ($5B+ economic impact) and retail-attractions within a short drive, Kipling offers residents a desirable, single-family suburban lifestyle.

Fully delivered in 2023, the community features a desirable unit mix of 3-5 BR detached homes averaging 1,777 SF, attached garages, private fenced yards & top-of-the-line technology packages. Lease-up performance is strong as average loss-to-lease is less than 1%. Submarket rent growth has averaged 5%+ annually since 2017 while occupancy remains at 95%. Kipling offers new ownership an outstanding opportunity to acquire a sizeable BTR asset in AL’s fastest growing county.

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Kipling
118 Units
7959 Mandalay
Foley, AL  36535
Closed: 3/22/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.
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The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type:  Land
Closed: 3/15/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Marbella, a 96-unit, 2021-built apartment community located in the highly sought after and rapidly growing Baldwin County. Marbella offers residents a beach-style living experience with close proximity to all of Gulf Shores’ lifestyle Amenities. The area is home to some of the nicest beaches in the U.S. which continue to drive strong population and rent growth (8.9% YoY since 2021). Since the beginning of 2022, Marbella has organically pushed rents 15.5%+ on renewals and new leases and arrives to market 95.8% occupied. The Baldwin County market has benefitted tremendously due to the lack of new competitive supply with no units being built between 2009 and 2019. In addition, Baldwin County is the 4th fastest growing small metropolitan area in the U.S. with the Gulf Shores area growing by 73% since 2010 providing further growth for assets such as Marbella. Built in 2021, Marbella represents an outstanding opportunity to invest in a high performing asset with attractive assumable HUD loan in the highly sought after and rapidly growing Baldwin County.
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Marbella
96 Units
1910 East 1st Street
Gulf Shores, AL  36542
Closed: 2/21/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Trails at Alabaster, a 200-unit apartment community located in the Alabaster municipality of Birmingham, AL. The asset is extremely well-positioned along the I-65 corridor in a supply-constrained submarket (less than 650 units delivered to the area since 2000) where rents are growing exponentially due to the lack of inventory. Trails at Alabaster offers an outstanding location for residents as it is minutes from 10,000+ quality jobs, state-ranked schools, and Class A retail space. The property is coming off an $1mm+ exterior renovation making the buyer the beneficiary of a quality physical plant and refreshed property look. Built in 1977/1986, Trails at Alabaster offers an opportunity to invest in a quality asset with excellent performance trends and additional upside remaining for new ownership.
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Trails at Alabaster
200 Units
1740 Woodbrook Trail
Alabaster, AL  35007
Type:  Multifamily
Closed: 1/30/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, an 86-unit, 2023-constructed Build-to-Rent (BTR) community located in the thriving and undersupplied Pace submarket. Boracay Cove’s strategic location in the Pensacola market offers residents convenient access throughout the area via US-90 & Interstate-10. The asset is located less than 2 miles away from many major retailers such as Target and Publix. As well as being a top submarket of Pensacola, Pace has experienced 7%+ YoY population growth. Fully delivered in 2023, Boracay Cove offers a rare unit mix of 4 & 5 BR detached single family homes with large floorplans (1,741 avg SF). Lease up performance is outstanding as Boracay Cove has experienced an average of 20 leases per month in May/June. Boracay Cove offers new ownership an outstanding opportunity to acquire a rare high-performing BTR asset.
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Boracay Cove
86 Units
4765 Malay Circle
Pace, FL  32571
Type:  Multifamily
Closed: 12/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Summer Place apartment community. The asset is situated in the rapidly expanding West Mobile submarket, which has experienced 14% rent growth over the past two years and 95% average occupancy. Located minutes away from Airport Blvd and Interstate-65, the asset offers residents convenient access to all of Mobile’s economic job drivers, retail amenities and recreational activities. Built in 1975, Summer Place offers new ownership an outstanding opportunity to invest in a market backed value-add asset offered at an extremely attractive basis with significant operational upside.
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Summer Place
152 Units
557 Azalea Road
Mobile, AL  36609
Type:  Multifamily
Closed: 8/22/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fitzroy Grove, a 250-unit, 2021-built apartment community located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart Inc, the nation's largest retailer, which is currently constructing new Walmart Global Headquarters, as well as two other fortune 500 companies, each within a 15-mile radius. The property offers the next investor unmatched amenities and finish levels in the marketplace and maintains excellent rental growth throughout lease-up providing substantial value add upside by pushing 2nd generation leases.
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The Fitzroy Grove
250 Units
2901 S 26th Pl
Rogers, AR  72758
Type:  Multifamily
Closed: 7/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Uptown Terrace, a 260-unit, 2021-built apartment community with 28,075 SF of commercial space located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart, which is currently constructing its new Global Headquarters, as well as 2 other fortune 500 companies, each within a 15-mile radius. Uptown Terrace is now 95%+ occupied following a tremendous leasing season that averaged 26+ units/month velocity from January 2022- May 2022. The property offers the next investor unmatched amenities and finishes in the marketplace and has maintained excellent rental growth throughout lease-up offering substantial value add upside by pushing 2nd generation leases.
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Uptown Terrace
260 Units
4600 S Pinnacle Hills Pkwy
Rogers, AR  72758
Closed: 7/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.21-acre, Fitzroy Huntsville land site located in Huntsville, AL. Investors can invest in the opportunity to construct a multifamily community zoned and approved for 272 apartment units. This site is situated along the strategically-located Research Park Submarket of west Huntsville. Huntsville is arguably one of the hottest economic metros in the U.S. and is ranked #6 market in the nation for job growth with over $8B in capital investments and 23K+ new jobs since the start of 2018. This asset has direct access to Huntsville’s numerous job cores such as Redstone Arsenal (44K+ jobs) and Cummings Research Park (27K+ jobs). With all of the due diligence done, and building permits submitted for, Fitzroy Huntsville offers an outstanding opportunity to for a developer to break ground in short order within one of nations hottest markets.
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Fitzroy Huntsville
8.21 Acres
Research Park Boulevard NW / Research Park Service Road
Huntsville, AL
Type:  Land
Closed: 7/19/2023