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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 511 Queens, a 64-unit boutique apartment community located in Charlotte’s affluent submarket of Myers Park. The walkable neighborhood is defined by upscale retail, trendy restaurants, and is one of the most sought-after residential submarkets in the Southeast. Myers Park is nestled between Uptown, the vibrant downtown employment district offering 116,000+ jobs, and SouthPark, a premier infill live-work-play destination. It is also moments from the city’s largest hospitals of Novant and Atrium, creating 32,000+ total jobs. Propelled by luxurious best-in-class features and a distinguished presence along Queens Road, 511 Queens arrives nearing stabilization after a rapid lease-up with strong in-place rents. With stabilization imminent, investors are ideally positioned to realize embedded rent growth driven by the continuation of proven lease-up concession burn off, attractive fundamentals highlighted by blue-chip renter profiles, and catalyzing new development surrounding Myers Park, positioning 511 Queens as Charlotte’s premier boutique asset.
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511 Queens
64 Units
511 Queens Road
Charlotte, NC  28207
Type: Conventional
Closed: 6/16/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit, Vantage at Wildewood apartment community. Delivered in 1998, Vantage at Wildewood is located in the heart of Richland County’s Northeastern path of growth. Residents enjoy seamless access to the premier retail and employment in an area defined by an exceptional demographic base, including an average HHI of over $94,000 within a three-mile radius. Bolstered by large floor plans, substantial interior renovations completed throughout 2012-2013, and outstanding amenities, the property is poised to bridge a significant rental delta in effective rents with market competitors through a market-supported Class-A renovation initiative to capture $150 premiums.
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Vantage at Wildewood
264 Units
811 Mallet Hill Road
Columbia, SC  29223
Type: Conventional
Closed: 3/31/2020
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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The Hollows
212 Units
1300 Longcreek Drive
Columbia, SC  29210
Type: Conventional
Closed: 3/6/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 95-unit apartment community located in Spartanburg, SC. Embedded just outside of downtown Spartanburg in one of city’s most popular neighborhoods, Village at Willow Lakes sits near the top employment centers in the Upstate area where large investments have continually been made to expand and strengthen the Upstate job market. With affluent demographics boasting $90,000 average HHI and 66% white-collar employment within a 1-Mile radius, Village at Willow Lakes offers the chance to boost NOI by 30% by completing a market driven value-add campaign set to achieve $100 premiums while still maintaining an extensive rent runway to key comparables in the submarket.
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Village at Willow Lakes
95 Units
2900 Reidville Road
Spartanburg, SC  29301
Closed: 12/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit Latitude @ The Commons apartment community located in Myrtle Beach, SC. Developed by Trammell Crow Residential, a multi-family development leader for over 40 years, Latitude @ The Commons is a timeless community offering best-in-class living and amenities. The only institutionally developed community in The Market Common, Latitude @ The Commons offers the most sought-after location in Myrtle Beach’s utmost upper-echelon lifestyle district, while offering residents immediate access to the Atlantic Ocean. Latitude @ The Commons offers new ownership the opportunity to purchase a core plus asset well below replacement cost in a market with dwindling supply compared to a population surge that is rivaling Charleston, SC, and well-surpassing coastal cities Savannah and Wilmington. Along with an outsized population growth comes a job market that is expected to outpace new deliveries by 20:1, priming the Myrtle Beach market for 14% rent growth through 2023 and a vacancy rate forecast to stay at 5%. Latitude @ The Commons is poised to generate average premiums of $145 by meeting the markets’ demand for high-end finishes and completing a Class-A renovation program bridging the rental gap between its competitors for which it currently trails by ~$200.
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Latitude @ The Commons
288 Units
2222 Crow Lane
Myrtle Beach, SC  29577
Type: Conventional
Closed: 12/18/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 215-unit, Trailside at Reedy Point apartment community located in Greenville, SC. Embedded in one of the most vibrant and walkable areas of Downtown Greenville, Trailside at Reedy Point sits in close proximity to top employment centers, poised to capitalize on the large investments that have helped revitalize the downtown area. With rapid job expansion, employment growth of 14% since 2013, and one of the leading jobs-to-class A supply ratios in the Southeast, Trailside at Reedy Point is poised to capitalize on Greenville’s already impressive 27% rent growth since 2012.
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Trailside at Reedy Point
215 Units
200 South Academy Street
Greenville, SC  29601
Type: Conventional
Closed: 12/11/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 302-unit Lively Indigo Run apartment community located in Ladson, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors and a market leading amenity package, Lively Indigo Run is truly the premier multifamily asset in the Ladson area of North Charleston. With convenient I-26 access, the property is just minutes from Downtown Charleston as well as major employment centers including Boeing (8,200 jobs), Joint Base Charleston (22,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). Located within the Ingelside mixed-use development micromarket, the property offers an unmatched quality of life and is in close proximity to North Charleston’s most coveted retail and entertainment destinations. Lively Indigo Run is uniquely positioned to capitalize on long-term favorable market fundamentals.
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Lively Indigo Run
302 Units
9255 Blue House Road
Ladson, SC  29456
Type: Conventional
Closed: 11/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Vinings at Market Common, a 288-unit apartment community located in Myrtle Beach, SC. Featuring awe-inspiring curb appeal, top-of-the-line interiors, and a market leading amenity package, The Vinings at Market Common is truly the premier multifamily asset in Myrtle Beach. Located a stone’s throw from the Market Common retail district, the property offers an unmatched quality of life, in close proximity to Myrtle Beach’s most coveted retail and entertainment destinations. After a rapid concession-free lease-up to stabilization, new ownership has the opportunity to capitalize on a unique renovation program in South Carolina’s fastest growing county. The metro's job growth is expected to outpace new deliveries by 20:1 through 2021, uniquely positioning The Vinings at Market Common to capitalize on long-term favorable fundamentals.
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The Vinings at Market Common
288 Units
2501 Hammock Street
Myrtle Beach, SC  29577
Type: Conventional
Closed: 8/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 352-unit, Southern Pines apartment community in Spartanburg, SC. Delivered in 1976, Southern Pines is located along the commerce-rich Interstate 85 corridor and is the east anchor of the prolific Upstate region, globally recognized for its massive BMW plant (+8,000 employees) and burgeoning high-tech economy. Southern Pines lies in an area of East Spartanburg that supports over 10,500 jobs in a three mile radius and sits only three miles from the busy East Main Street commercial corridor (Publix, Fresh Market, Aldi). With most units already up fitted with light renovations, Southern Pines is ripe for an enhanced value-add program to realize tremendous growth in income.
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Southern Pines
352 Units
350 Bryant Road
Spartanburg, SC  29303
Type: Conventional
Closed: 6/27/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 207-unit, 1800 Ashley West. The property, built in 1980, is located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing (8,200 jobs), Joint Base Charleston (36,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). The recent adoption of “Plan West Ashley”, a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. 1800 Ashley West, offers new ownership to have the opportunity to complete the in-place value-add programs to further boost NOI across the property by over $653k.
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1800 Ashley West
207 Units
1800 William Kennerty Drive
West Ashley, SC  29407
Type: Conventional
Closed: 6/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 378-unit, Waterside Greene apartment community. Delivered in two phases (2005/2015), Waterside Greene is located in the heart of Greenville’s "Industry Triangle" with five of the county’s largest employers (10,500+ jobs) located just minutes from the property. Residents of Waterside Greene enjoy seamless access to the premier retail in an area defined by an exceptional demographic base including an average HHI of over $74,000 within a one-mile radius. Bolstered by steady operations, the property is poised to bridge the $300+ delta in effective rents to market competitors through a multipronged value-add initiative.
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Waterside Greene
378 Units
741 Woodruff Road
Greenville, SC  29607
Type: Conventional
Closed: 6/6/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 307-unit Riverwalk apartment community located in burgeoning Rock Hill, SC (Charlotte MSA). Embedded in the 1,008-acre, $600M master-planned development of Riverwalk along the banks of the Catawba River, the property boasts premier walkability to expanding retail and lifestyle amenities. Recently delivered in two phases (2016/2018), Riverwalk offers the rare opportunity to acquire a newly constructed asset below replacement cost, while imminent stabilization and a significant rent runway provide immediate income upside potential. In addition, Riverwalk is poised to benefit from a tightening rental environment, as minimal new supply coupled with rapid economic growth in York County's I-77 corridor will drive favorable fundamentals.
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Riverwalk
307 Units
517 Pink Moon Drive
Rock Hill, SC  29730
Type: Conventional
Closed: 6/4/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit, Hawthorne Willowbrook apartment community. Delivered in 2000, Hawthorne Willowbrook is located on the cusp of Greenville’s "Industry Triangle" with several of the county’s largest employers (10,500+ jobs) located just minutes from the property. Residents of Hawthorne Willowbrook enjoy seamless access to the premier retail in an area defined by an exceptional demographic base, including an average HHI of over $89,000 within a 3-mile radius. Bolstered by steady operations, the property is poised to bridge the average +$180 delta in effective rents to market competitors through a multi-pronged, proven value-add initiative.
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Hawthorne Willowbrook
144 Units
130 Willow Forks Drive
Simpsonville, SC  29681
Type: Conventional
Closed: 5/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Commons at Fort Mill, 144-unit apartment community. Delivered in 2009, The Commons at Fort Mill is located in the heart of the thriving Rock Hill / Fort Mill submarket, located just minutes from Fort Mill and Charlotte MSA’s top employers. The property is defined by an exceptional demographic base including an average HHI of over $109,000 within a one-mile radius and 76% white collar employment. Supported by steady operations, The Commons at Fort Mill is setup to bridge the +$275 delta in effective rents to market competitors through a layup value-add initiative, poised to generate premiums of $175.
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The Commons at Fort Mill
144 Units
221 Embassy Drive
Fort Mill, SC  29715
Type: Conventional
Closed: 5/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 384-unit Enclave Blythewood apartment community located in the Columbia, SC MSA. Delivered in two phases (2008/15), Enclave Blythewood features high-quality design available significantly below replacement cost. Reinforced by favorable operations, the property is poised for a potential 50% NOI boost driven by a multi-faceted value-add program. Ideally located in North Richland County's affluent and rapidly expanding economic core, Enclave Blythewood is within two miles of 2,600 current jobs and 1,825 recent new jobs announced. Continued employment growth coupled with minimal supply positions Enclave Blythewood to enjoy the benefits of a tightening rental market.
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Enclave Blythewood
384 Units
2051-2 Blythewood Crossing Lane
Blythewood, SC  29016
Type: Conventional
Closed: 4/30/2019
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the South Carolina Transaction Team, is pleased to present the exclusive listing of the The Southern at 1051 (Phase 1), located in Columbia, South Carolina. This purpose-built student housing asset was built in two phases: Phase I in 2007 comprised of 278 units and 824 beds, and Phase 2 in 2008 comprised of 72 units and 178 beds. The Southern at 1051 is a value provider in the market and caters to the University of South Carolina, a Power Five, Tier One University. This opportunity offers an investor to build immediate scale in a nationally recognized university market while achieving immediate and significant upside and value enhancements.
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The Southern @ 1051 (Phase 1)
278 Units | 824 Beds
1051 Southern Drive
Columbia, SC  29201
Type: Student
Closed: 4/5/2019
The Cushman & Wakefield Student Housing Capital Markets Group, in conjunction with the Southeast Multifamily Advisory Group, is pleased to present the exclusive listing of The Southern @ 1051, located in Columbia, South Carolina. This purpose-built student housing asset was delivered in two phases: Phase I in 2007 comprised of 278-units and 824-beds and Phase 2 in 2008 comprised of 72-units and 178- beds. The Southern @ 1051 is a value provider in the market and caters to the University of South Carolina, a Power Five, Tier One University. This opportunity offers an investor to build immediate scale in a nationally recognized university market while achieving immediate and significant upside through stabilized value-add enhancements.
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The Southern @ 1051 (Phase 2)
72 Units | 178 Beds
1051 Southern Drive
Columbia, SC  29201
Type: Student
Closed: 4/5/2019