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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:  Multifamily
Closed: 6/20/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 3237 East Apartment Homes, a 130-unit apartment community located in Greensboro, NC. This asset is situated in a desirable North Greensboro pocket, which currently ranks #1 in the market for annual effective rent growth and occupancy. Robust demographics, high barriers to entry, and exploding home value growth also contribute to the property’s strong positioning. Yanceyville Street and E. Cone Blvd allow residents to seamlessly connect to the plethora of retail, dining, and entertainment nearby. Strong economic drivers, including VF Corporation, Cone Health, and Honda Aircraft, are within minutes, while major corporate expansions including Toyota and Amazon, further confirm the positive momentum of Greensboro's economy. Built in 1988, 3237 East Apartment Homes represents an outstanding opportunity to invest in an ideal value-add program with potential to earn revenue by submetering for water/sewer, adding washers and dryers, and bringing two non-revenue units online. After completing these proposed projects, new ownership will boost NOI by $339K and achieve a 27% ROI.
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3237 East Apartment Homes
130 Units
3237 Yanceyville Street
Greensboro, NC  27405
Type:  Multifamily
Closed: 9/26/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 501 Estates, a 270-unit apartment community in Durham, North Carolina. 501 Estates is in a premier pocket of Durham that is bolstered by robust submarket fundamentals and a stellar tenant base. Southwest Durham’s effective rents have increased 38% since 2018 and are anticipated to grow an additional 16% through 2026. Average HHI is over $125K, 76% of the population is white collar, and 66% have graduated with a bachelor’s degree or higher. Ideally situated near Durham-Chapel Hill Blvd, the asset has streamlined access to the plethora of retail options that line the throughfare as well as 65,000 Eds & Meds jobs stemming from Duke University (6 minutes) and UNC Chapel Hill (14 minutes), two tier I educational institutions with esteemed healthcare systems. Additionally, a location less than 10 minutes from I-40 and I-85 provides residents a direct connection to the 500K+ Triangle Market jobs that are within a 30-minute commute. Built in 2001, 501 Estates offers a picturesque setting with mature foliage set on 30+ unique, park-like acres and a top-of-the-market amenity set including a brand new 3,000 SF free standing gym. The asset is distinctive from Class A and B product in the submarket as townhome (2-car garage) and cottage (1-car garage) style units comprise nearly 35% of the unit mix. New ownership has the opportunity to leverage an extremely unique, core plus value-add asset in a sought-after location of the Research Triangle. Proximate comparable assets demonstrate $200+ headroom that can be closed through completion of a proven renovation program and mark-to-market leasing.
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501 Estates
270 Units
240 Ivy Meadow Lane
Durham, NC  27701
Type:  Multifamily
Closed: 12/4/2023
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:  Multifamily
Closed: 6/16/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Tremont - a 224-unit apartment community in the thriving Columbia, SC MSA. Built in 2016 and boasting top-of-market features and amenities, The Tremont is Urban Columbia’s premier upscale multifamily property. The asset is in close proximity to the area’s foremost employment centers as residents enjoy walking distance to University of South Carolina and Downtown Columbia, in addition to private access to the nearly 8-mile-long Cayce Riverwalk. The Tremont’s strong operations and above-market average occupancy in the trailing year (97%) provide the ideal launch-pad for organic rent growth as the property captures the current rent ceiling of $200+ provided by downtown. Minimal new supply that will compete with The Tremont coupled with the Cayce submarket's projection for the metro's highest rent growth through 2022 offer protection for the asset's long-term growth potential.
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Advenir at One Eleven**
224 Units
111 Knox Abbott Drive
Cayce, SC  29033
Type:  Multifamily
Closed: 1/23/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the premier 216-unit Alta Surf apartment community located in Myrtle Beach, SC. This asset is situated in the nation’s fastest growing city with unmatched net migration posting 32% population growth since 2011. Alta Surf’s idyllic micro location provides residents direct access to the area’s largest employers, top tier higher education, and sought-after retail and lifestyle amenities including 66 miles of ocean shoreline and 90 golf courses. Centrally located within the planned Carolina Forest community, the surrounding demographic base is characterized by high avg. HHIs ($93k), a dominant white-collar workforce (64%), and astounding projected rent growth (36% through 2027). Built in 2007, featuring 9 ft ceilings and a top-notch amenity package, Alta Surf presents an exceptional opportunity to invest in a highly capitalized asset ($1.58M+) with mark-to-market potential, increasing rents to recent lease levels ($346 over rent roll) and bridging the rent delta to submarket comparables.
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Alta Surf
216 Units
101 Breakers Drive
Myrtle Beach, SC  29759
Type:  Multifamily
Closed: 1/19/2023
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
Closed: 10/4/2021
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 & Meadow Green (2 properties, 272 units)
Arbor Glen
156 Units
1514 Fernwood Glendale Road
Spartanburg, SC  29307
Type:  Multifamily
Closed: 9/27/2017
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit South Carolina Value-Add Portfolio located in two of South Carolina’s most admired cities, Columbia and Spartanburg. Both assets are situated in South Carolina’s most robust and diverse markets with major employment centers and multifamily fundamentals that will support both assets for the long haul. Both the East Columbia and East Spartanburg submarkets are characterized by impressive rent growth, 15% and 20% respectively, dominant white-collar workforces, and majority renter occupied populations. Arbors at Windsor Lake and Cross Creek are both set to benefit from their strong micro locations with qualities such as impressive area demographics and seamless connectivity to economic drivers. Built in 1991/1981, the portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in high growth southeastern markets with strong value-add opportunities to command average premiums of $255.
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South Carolina Value-Add Portfolio (2 properties, 380 units)
Arbors at Windsor Lake
228 Units
8720 Windsor Lake Boulevard
Columbia, SC  29223
Type:  Multifamily
Closed: 6/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 680-unit Charleston ARIUM 3 Portfolio, which can be acquired together or individually. Located in two of Charleston’s most prestigious submarkets, North Charleston and Mt. Pleasant, the assets are situated in highly sought after and high barrier to entry submarkets boasting over 60k+ jobs within 5-miles of each location, unmatched lifestyle amenities including direct access to Shem Creek, top tier retail, Downtown Charleston and higher education paving the way for continued appreciation. The portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well capitalized assets that are primed for a value-add campaign to achieve average premiums of up to $340.
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Charleston ARIUM 3 Portfolio (3 properties, 680 units)
ARIUM Mount Pleasant
240 Units
1054 Anna Knapp Boulevard
Mt. Pleasant, SC  29464
Type:  Multifamily
Closed: 11/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 680-unit Charleston ARIUM 3 Portfolio, which can be acquired together or individually. Located in two of Charleston’s most prestigious submarkets, North Charleston and Mt. Pleasant, the assets are situated in highly sought after and high barrier to entry submarkets boasting over 60k+ jobs within 5-miles of each location, unmatched lifestyle amenities including direct access to Shem Creek, top tier retail, Downtown Charleston and higher education paving the way for continued appreciation. The portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well capitalized assets that are primed for a value-add campaign to achieve average premiums of up to $340.
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Charleston ARIUM 3 Portfolio (3 properties, 680 units)
ARIUM North Charleston
192 Units
2225 Greenridge Road
North Charleston, SC  29406
Type:  Multifamily
Closed: 11/17/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 680-unit Charleston ARIUM 3 Portfolio, which can be acquired together or individually. Located in two of Charleston’s most prestigious submarkets, North Charleston and Mt. Pleasant, the assets are situated in highly sought after and high barrier to entry submarkets boasting over 60k+ jobs within 5-miles of each location, unmatched lifestyle amenities including direct access to Shem Creek, top tier retail, Downtown Charleston and higher education paving the way for continued appreciation. The portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in a high growth southeastern market through three well capitalized assets that are primed for a value-add campaign to achieve average premiums of up to $340.
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Charleston ARIUM 3 Portfolio (3 properties, 680 units)
ARIUM St. Ives
248 Units
7930 St. Ives Road
North Charleston, SC  29406
Type:  Multifamily
Closed: 11/17/2021
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 & Ashford Pointe (2 properties, 316 units)
Ashford Cove
136 Units
201 Miracle Mile Drive
Anderson, SC  29621
Type:  Multifamily
Closed: 4/30/2018
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 & Ashford Pointe (2 properties, 316 units)
Ashford Pointe
180 Units
200 Country Club Lane
Anderson, SC  29652
Type:  Multifamily
Closed: 4/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 312-unit, Ashley Grove. The property, built in 1968 and 1973, 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. Ashley Grove, offers new ownership to have the opportunity to complete the in-place value-add programs to further boost NOI across the property
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Ashley Grove
312 Units
1735 Ashley Hall Road
Charleston, SC  29407
Type:  Multifamily
Closed: 11/30/2018
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Avalon at James Island, a 273-unit newly constructed apartment community located in Charleston, SC. Boasting top-of-market amenities and features, Avalon at James Island is the premier multifamily asset of James Island, a submarket defined by blue chip demographics and a plethora of proximate lifestyle amenities including Downtown Charleston and Folly Beach just minutes away. Further highlighting the assets preeminent location, the adjacent Harris Teeter anchored James Island Shopping Center provides unmatched convenience to myriad retail options within walking distance. Increasing barriers to entry within the submarket will provide ideal multifamily fundamentals over the next 5 years as the population is projected to outpace new deliveries by 5 to 1 within a 3-mile radius of the asset. This lack of new deliveries, coupled with an increasingly affluent millennial renter base whose household incomes will average $110K by 2025, will create an extremely favorable rent growth environment over the hold period. With stabilization imminent, the property offers an outstanding opportunity to invest in a newly built, institutional-quality asset that can close the substantial delta to downtown rent levels through 2nd generation leasing and capture nearly $1000 ($1.00 PSF) in headroom.
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Avalon at James Island
273 Units
202 Promenade Vista Street
Charleston, SC  29412
Type:  Multifamily
Closed: 8/10/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Axiom Apartments, a 202-unit apartment community situated in proximity to the 78-acre mixed-use Eastland Mall redevelopment anchored by the future practice facilities of Charlotte’s new Major League Soccer team. Convenient location to the desirable thoroughfare of East Independence provides access to ~250K jobs within a 15-minute drive, as well as the most popular entertainment hubs throughout the city. Strong demographic trends show an 8% increase to household income over the next 5 years and a steady long-term unemployment rate in the immediate 1-mile radius. Built in 1987, Axiom represents an outstanding opportunity to realize up to $130 rental premiums that nearby competitive properties are currently achieving in the rapidly transforming East Charlotte submarket.
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Axiom
202 Units
5625 Keyway Boulevard
Charlotte, NC  28215
Type:  Multifamily
Closed: 11/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Main Street Columbia Portfolio, which can be acquired together or individually. Located in the heart of downtown Columbia, SC, all four assets offer direct access and visibility to the city’s most lively streets, major employers and entertainment options. The portfolio offers a rare combination of assets that contain features not commonly found including over 50,000 square feet of retail, historic status’, an array of unique floorplans and considerable tax benefits. Intriguing market fundamentals including a strong white-collar workforce and renter occupied population (~67% and ~71% respectively) position the assets to continue prospering for the long term. Built between 1903 and 1940, the Main Street Columbia Portfolio presents an exceptional opportunity to acquire four meticulously maintained assets with limitless upside as rents can be pushed significantly through the continuation of the value-add programs and organically with the 15% rent growth projected through 2026.
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Main Street Columbia Portfolio (4 properties, 176 units)
Barringer Building
75 Units
1338 Main Street
Columbia, SC
Type:  Multifamily
Closed: 8/4/2022
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Landmark Woods & Basswood apartment communities located in Florence, SC. These assets are strategically located by the I-20 and I-95 interchange in a well-off neighborhood near Florence Country Club, healthcare & industrial jobs, and an active retail corridor. The average household’s income within one-mile are $75K+ (Landmark Woods) and $88K+ (Basswood), and projected to increase 13.1% and 10.1% respectively by 2025. Built in 1965/2001, Landmark Woods & Basswood provides a rare upside opportunity to implement a new renovation program to bridge the $200+ submarket rent gap.
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Landmark Woods & Basswood (2 properties, 160 units)
Basswood
56 Units
400 Third Loop Road
Florence, SC  29505
Closed: 10/13/2021
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:  Multifamily
Closed: 11/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 176-unit Main Street Columbia Portfolio, which can be acquired together or individually. Located in the heart of downtown Columbia, SC, all four assets offer direct access and visibility to the city’s most lively streets, major employers and entertainment options. The portfolio offers a rare combination of assets that contain features not commonly found including over 50,000 square feet of retail, historic status’, an array of unique floorplans and considerable tax benefits. Intriguing market fundamentals including a strong white-collar workforce and renter occupied population (~67% and ~71% respectively) position the assets to continue prospering for the long term. Built between 1903 and 1940, the Main Street Columbia Portfolio presents an exceptional opportunity to acquire four meticulously maintained assets with limitless upside as rents can be pushed significantly through the continuation of the value-add programs and organically with the 15% rent growth projected through 2026.
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Main Street Columbia Portfolio (4 properties, 176 units)
Berry's On Main
27 Units
1217 Taylor Street
Columbia, SC  29201
Type:  Multifamily
Closed: 8/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Southeast Value-Add 4 Portfolio – four assets located in the desirable submarkets of Spartanburg, SC, Myrtle Beach, SC, Biloxi, MS, and Warner Robins, GA. The portfolio represents the opportunity to invest in strong quality assets across multiple southeastern states. Situated in bustling micro locations with premier access to major thoroughfares and jobs, these assets are poised for substantial growth through value-add strategies and market-backed rental upside.
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Southeast Value-Add 4 Portfolio (4 properties, 784 units)
Brighton Park
200 Units
9000 Watson Boulevard
Byron, GA  31095
Closed: 12/22/2020
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