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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit Caralea Valley apartment community located in Charlotte, NC’s thriving suburb of Concord. Built in 1991, the property is situated just off I-85 and is poised to benefit from Concord’s skyrocketing rent levels and consistently high demand. Providing blue-chip convenience to lifestyle amenities and Charlotte’s most prominent job centers, the affluent suburban submarket is defined by well-educated residents and a predominantly white-collar workforce. Concord’s limited supply pipeline bolsters incoming ownership’s opportunity to boost annual NOI by $447k+ through completion of the existing value-add initiative.
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Caralea Valley
233 Units
2901 Leah Court
Concord, NC  28027
Type: Conventional
Closed: 12/2/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit Beldon Spring Lake apartment community located in Columbia, SC. This asset is situated in the resilient state capital of South Carolina characterized by steady employment industries and abundant access to jobs and is further enhanced by strong multifamily market fundamentals. Built in 1973, Beldon Spring Lake offers an outstanding opportunity to invest in a solid asset in the East Columbia submarket which boasts high average HHI’s ($77k+) and white-collar employment (67%) with the potential to continue the in-place value-add program and renovate 90 units (90%) to achieve premiums up to $150.
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Beldon Spring Lake
100 Units
3611 Ranch Road
Columbia, SC  29206
Type: Conventional
Closed: 11/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 96-unit Spring Garden apartment community located in Greensboro, NC. This asset is strategically situated 2 miles southwest of downtown Greensboro next to the University of North Carolina at Greensboro. Built in 1991 and 1998, Spring Garden is a student run property primed for significant upside through a modern conversion of the asset’s 4BR-2BA units to highly sought-after 2BR-2BA units. This unit transformation will offer one of the largest 2BR floorplans in the submarket, coupled with high barriers to entry, limited development, and desirable demographics. Furthermore, transitioning to conventional operations will allow for improved efficiencies in leasing, occupancy, and utility reimbursements generating attractive returns for incoming investors.
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Spring Garden (192 Beds)
96 Units | 192 Beds
2119 Spring Garden Street
Greensboro, NC  27403
Type: Student
Closed: 11/23/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present The Morris at Belmont, a proposed 322-unit apartment community development project located in Belmont, NC. The property will be ideally situated in the burgeoning city of Belmont, which is located only 20 minutes from Uptown Charlotte and has nearby proximity to Charlotte’s U.S. National Whitewater Center, Charlotte Douglas International Airport, and access to key job centers, which includes not only the new 2.5M SF Amazon facility and the Water Ridge Office Park, but also Charlotte’s integral employment nodes. In addition, the property will benefit from the proposed expansion of Charlotte’s LYNX Light Rail, which would be within walking distance of the property, as well as a Greenway Initiative that would deliver with the project, allowing for expanded pedestrian space and greenways in Belmont. The property will represent a best-in-class asset for the Belmont submarket with premier amenities and curated, luxury unit features. The Morris at Belmont offers an outstanding opportunity to invest in a new development opportunity for Class A institutional-quality product in one of Charlotte’s up-and-coming submarkets.
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The Morris at Belmont Equity Raise
322 Units
6900 Wilkinson Boulevard
Belmont, NC  28012
Type: Conventional
Closed: 10/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Anker Haus, a 49-unit, 2020-built Class A Build for Rent Townhome community located in one of Charlotte’s most prominent submarkets, Plaza Midwood. Defined by its eclectic, densely concentrated mix of bars, restaurants, and retail, this entertainment center is also home to an affluent, white-collar employee base. As the first pocket neighborhood introduced to Charlotte, Anker Haus’ Build to Rent Townhome product offers chic, European-influenced townhomes with expansive floorplans and curated unit features. Plaza Midwood’s inactive pipeline, strong rent projections, Charlotte’s resilient net migration, and Anker Haus’ recent stabilization result in a perfect confluence for new ownership to comfortably capitalize on organic rent growth. Less than a mile from the center of Plaza Midwood, the property is also ideally situated near Charlotte’s largest job node, Center City, as well as the largest healthcare campus in Charlotte. Anker Haus represents an outstanding opportunity to invest in a newly built, recently stabilized Class A Build to Rent Townhome community.
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Anker Haus
49 Units
2925 Commonwealth Avenue
Charlotte, NC  28205
Type: Conventional
Closed: 10/4/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Carrington Place at Wildewood apartment community located in Columbia, SC. Built in 2005, Carrington Place at Wildewood has been meticulously maintained by institutional ownership and is the premier asset in the market. Nestled in the affluent Wildewood neighborhood, the large floor plans with 9ft ceilings and serene setting (over 29 Acres) offer investors a unique opportunity to further enhance the in-place value-add program. By taking all units to C&W’s proposed renovation level, a new investor will receive monthly rental premiums up to $360 for an ROI of 44%.
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Carrington Place at Wildewood
240 Units
751 Mallet Hill Road
Columbia, SC  29223
Type: Conventional
Closed: 9/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 2002-built, 60-unit Century Oaks on College apartment community located in Greensboro, NC. The asset is situated in burgeoning West Greensboro less than 7 miles from the expanding Piedmont Triad International Airport and in close proximity to a variety of retail options. The plethora of employers located in this submarket have driven submarket fundamentals such as population, household income, and rent growth significantly upward in recent years. The surrounding areas truly mirror the Greensboro economy’s recent shift toward expanding its white-collar workforce through educational attainment and growing financial and tech market sectors. New ownership has the opportunity to boost NOI by nearly 43% by implementing a proven interior renovation program.
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Century Oaks at College
60 Units
337 Guilford College Road
Greensboro, NC  27409
Type: Conventional
Closed: 9/22/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 252-unit Oak Ridge at Pelham apartment community located in the burgeoning Greenville, SC area. This asset is situated in the highly coveted Thornblade neighborhood characterized by an affluent and educated demographic pool as HHI’s are $115k+, 52% of people have a bachelor’s degree or higher, and 75% are white collar employees. Built in 1986, Oak Ridge at Pelham presents an outstanding opportunity to invest in an extremely well maintained asset within the thriving Greenville market distinguished by attractive multifamily fundamentals, a diminishing multifamily development pipeline and an opportunity to achieve $150 average rent premiums through a Class-A value-add 2.0 campaign.
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Oak Ridge at Pelham
252 Units
150 Oak Ridge Place
Greenville, SC  29615
Type: Conventional
Closed: 9/20/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Mosby University City, a 309-unit newly built apartment community located in Charlotte, NC. The property is ideally situated in the University City submarket of Charlotte. This booming submarket is highlighted as one of Charlotte’s largest employment centers (~75k total employees), features 23 Fortune 500 companies, 430 Retail locations, 11M SF of office space, the University of North Carolina at Charlotte, and direct access to the Lynx Light Rail through multiple stations. The property offers large floorplans coupled with premier, luxury features, with ideal lifestyle amenities conveniently located nearby. Mosby University City presents an outstanding opportunity to invest in a newly built Class A institutional-quality asset located in a thriving submarket that offers organic rent growth through rental headroom from nearby competitors.
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Mosby University City
309 Units
404 Gallop Lane
Charlotte, NC  28213
Type: Conventional
Closed: 9/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Capital Club at Indian Land, a 312-unit, 2020-built Class A community located in one of Charlotte’s most up-and-coming submarkets, Indian Land. This affluent South Carolina submarket is defined by its high-income, white-collar workforce resident base, highly-rated school system, and expansive population growth over the past decade. Among the limited Class A supply in Indian Land, Capital Club at Indian Land stands apart with its differentiated Build to Rent Townhome component and best-in-class, premier amenity package available to its impressive resident demographics. The property’s proximate location to major local employers, retail and entertainment options, and ideal access to the established job nodes of affluent Ballantyne and SouthPark offer residents of Capital Club an ideal mix of lifestyle amenities and deep employment options. Capital Club at Indian Land represents a fantastic opportunity to invest in a newly built, Class A community with impressive leasing velocity, favorable market rent projections, and recent leasing activity already proving out higher rents during lease-up.
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Capital Club at Indian Land
312 Units
2278 Capital Club Way
Indian Land, SC  29707
Type: Conventional
Closed: 9/14/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of West End at Fayetteville, a 360-unit apartment community located in Fayetteville, North Carolina. The asset is surrounded by the region’s prominent thoroughfares, which provide residents convenient access to the plethora of retail in the immediate area as well as the largest employers in the city, including Fort Bragg. West End at Fayetteville offers investors an opportunity to invest in a strong performing asset with a proven value-add framework asking $75 rent premiums over renovated units. With a limited delivery pipeline and vacancy hovering around record lows at 2.5%, the asset is primed to capitalize on the recession proof Fayetteville market that posted 12.4% rent growth YoY at the end of Q1 2021.
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West End at Fayetteville
360 Units
3050 Plantation Garden Way
Fayetteville, NC  28303
Closed: 9/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Bristol in Greenville, SC. The Bristol is a 258-unit community uniquely located in an affluent neighborhood that boasts impressive demographics of $120,000+ average household income, 75% white collar workers and home values as high as $1.69M in a 1-mile radius. Surrounded by high end retailers, Greenville Country Club, and across the street from Swamp Rabbit Trail (22-mile multi-use greenway), The Bristol offers an unmatched "live-work-play" lifestyle to residents. In addition to nearby amenities, the community provides direct access to 130,000+ jobs including Greenville Memorial Hospital, BMW, Fluor Engineering and TD Bank, all within a 5-mile radius. Built in 1971, The Bristol is an extremely well-maintained community that received a large capital infusion in 2013, stripping the units nearly down to the studs and repositioning the entire property. Lagging Downtown and Class A rents by $400+, new ownership has an opportunity to enhance the community by renovating unit interiors bringing finishes in-line with top of the market competitors to achieve $130-$180 rental premiums.
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The Bristol
258 Units
926 Cleveland Street
Greenville, SC  29601
Closed: 8/31/2021