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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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Sold
Legacy at Jones Farm
421 Units
1 Legacy Farm Drive
Huntsville, AL  35802
Type: Conventional
Closed: 12/1/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Inverness, a 208-unit apartment community located in Tuscaloosa, Alabama. This asset is situated in the growing Tuscaloosa submarket, which has attracted 2,700+ future jobs over the next 2 years and is grounded on two expanding pillars of The University of Alabama and the Mercedez-Benz plant. Inverness is arguably the most unique community in the area, the only property to offer home-like design and attached garages. Built in 1996, Inverness also boasts 54 renovated units ($75-$125 premiums) and the next investor can push this even further via targeted exterior enhancements. With a proven value add strategy and the most unique physical plant in "T-Town", Inverness has the potential to become a top-of-market asset.
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Sold
Inverness
208 Units
8816 Old Greensboro Road
Tuscaloosa, AL  35405
Closed: 10/14/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 431-unit Ascent at Jones Valley apartment community located in Huntsville, AL, arguably one of the hottest metros in the entire U.S, which has added over 12K jobs and $5B of capital investments since the start of 2018. This asset is situated in the rapidly-expanding Jones Valley corridor of Southeast Huntsville, with $110K+ avg. household incomes, direct access to top schools, retail, and other amenities close by. Built in 1978, Ascent at Jones Valley offers an outstanding opportunity to invest in a proven value-add asset in a top-5 U.S. market for rent growth.
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Sold
Ascent at Jones Valley
431 Units
1225 Willowbrook Drive
Huntsville, AL  35802
Type: Conventional
Closed: 9/18/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 192-unit River Park apartment community located in McComb, MS. McComb, located along I-55 and centralized amongst key MSAs, is a budding regional retail hub with nearly 2 million square feet and major big box stores. River Park is part of an upcoming major mixeduse project that is taking shape at the I-55/Hwy-98 interchange, which will feature grocery, retail, office, and flex space. Built and delivered in late 2015, the subject property offers a Class A asset below replacement cost with an outstanding collections trend. The next investor will also benefit from long-term HUD debt that will boost cash-on-cash returns.
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Sold
River Park
192 Units
1328 Parklane Road
McComb, MS  39648
Type: Conventional
Closed: 9/1/2020