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Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Oak Enclave – a 420-unit, low-density midrise multifamily development in institutionally coveted Miami-Dade County. Oak Enclave was completed in 2022 and, through its exceptional market reception, is on pace to stabilize in early 2023. The Property sits on over 13 acres of land that presents an oasis like setting with uniquely rare green space and mature native canopy in new midrise construction. Oak Enclave was built with highly efficient well-appointed units that help allow rents to be attainable to a broader section of the professional population compared to competing luxury properties. Paired with the Property’s highway and Tri-Rail connectivity, which allow for shortened commutes to the region’s top employment centers, Oak Enclave represents an exceptional choice for renters that will become increasingly coveted as the Miami MSA continues to expand.
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Resia Oak Enclave
420 Units
2301 NW 167th Street
Miami Gardens, FL  33056
Closed: 12/30/2022
Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Solaire Coconut Creek, a 270-unit garden-style asset located in Coconut Creek, Florida. Originally built in 2014, Solaire Coconut Creek offers the opportunity for unit interior upgrades, new white cabinetry, new quartz countertops and tiled backsplash. Over the last few years, Solaire Coconut Creek has received an infusion of capital invested into the property including adding vinyl plank flooring to the bedrooms and living areas as well as completely renovating the clubhouse and leasing office. Solaire Coconut Creek is perfectly positioned to implement this renovation program and compete with the new product in the submarket.
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Solaire at Coconut Creek
270 Units
5401 Wiles Road
Coconut Creek, FL  33073
Closed: 12/21/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Core Link at Douglas (the “Property”) – a 312-unit, 22-story, FGBC Silver (pending) class-AAA highrise adjacent to the Douglas Road Metrorail station and Coral Gables’ esteemed Merrick Park neighborhood. A Phase II sister tower, the 421-unit Cascade will deliver in late summer 2022 and further enhance the master-planned living experience of residents with the addition a 22,000 square foot Milam’s Market on its ground floor.

Strategically positioned at the nexus of four mature and affluent neighborhoods, the Property’s highly desirable combination of high-rise Biscayne Bay views, asset quality, expansive amenities, walkability, and TOD access in this coveted submarket have attracted superb resident demographics with average household incomes near $250,000. Core Link at Douglas represents a rare opportunity to acquire a newly completed, transit-oriented, class-AAA high-rise in one of the highest barrier-to-entry and most affluent submarkets in Miami.
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CORE Link at Douglas
312 Units
3060 SW 37th Avenue
Miami, FL  33133
Closed: 12/6/2022
Cushman & Wakefield is pleased to present the opportunity to acquire Lake Cecile Townhomes, a 72- unit, concrete block townhome rent community located in Kissimmee, Florida (the “Property”). The Property was built between 2009 and 2014 and consists of nine buildings with oversized townhome layouts averaging 1,643 square feet totaling 36 three-bedroom and 36 four-bedroom units. The Property’s amenity set includes resort-style pool, clubhouse/leasing office, and basketball court, which is a rarity for boutique townhouse communities. Lake Cecile is available below replacement cost. The property offers immediate upside through eliminating 1) loss to lease and 2) value add improvements; Loss to Lease • In place rents are under market. The property has consistently operated at 100% occupancy due to the low rents. In place effective rents are $1,446 or $0.88 per square foot. Market rents are $1,800 for three bedroom and $2,000 for four bedroom townhomes with a blending market rent of $1,900 or $1.16 per square foot. There is over $454 per unit per month or $390k per year in loss-to-lease upside by moving rents to current market levels. Value Add • The property provides excellent value-add upside opportunity. Implementing a value-add program on the 72 units at an estimated cost of $10,000 per unit can provide $200 per unit in additional rental upside totaling over $170,000 in income upside.
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Lake Cecile TownHomes
72 Units
4750 Everglades Circle
Kissimmee, FL  34746
Closed: 10/31/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire BLUME (the “Property”) – a boutique, Class-AAA, 100-apartment high-rise community located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2019 and owned by 37 Gables Property LLC, an affiliate of Greystone, the Property has large floorplans - almost 900 square feet - with a mix of lofts, one-, and two-bedroom units, along with 6,191 square feet of ground floor retail.

The Property provides an exceptional location with proximity to jobs, dining, and nightlife within downtown Coral Gables. Within a one-mile radius of the Property there is 8.9 million square feet of office space. Blume is offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high-rise apartment community with a unique boutique feel, only moments from the center of its most affluent and economically robust city.

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Blume Coral Gables
100 Units
1501 SW 37th Avenue
Miami, FL  33145
Closed: 10/10/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire the 340-unit Blue Isle, located in Coconut Creek Florida. The property features a mid of one- and two-bedroom units spread across 21+ acres for a low-density site plan of only 16 units per acre. Over the past 10 years, Blue Isles has received an infusion of capital invested into the property including the full renovation of 21 units. With only 9% of the units renovated, the property is perfectly positioned to implement a significant renovation program on the remaining units and increase rents with premiums in excess of $300 per month.

Located in Central Broward, Blue Isle is uniquely positions with access to most of South Florida’s top employment markets. Residents are only minutes away from Florida’s Turnpike and I-95, providing quick commutes to major employment markets such as Boca Raton (17.7M SF), Cypress Creek (8.2M SF), Sunrise/Plantation (12.7M SF) and the Fort Lauderdale CBD (10.1M SF).
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Blue Isle
340 Units
5100 West Sample Road
Coconut Creek, FL  33073
Closed: 10/6/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire Heron Landing, a 144-unit community featuring 100% two-bedroom units. The property features an expansive average unit size of 1,053 square feet with a unique unit mix of all two-bedroom units. Built in 1988, the property is perfect positioned for new ownership to implement a significant value-add renovation program as well as an opportunity to enhance the unique amenity spaces.

Located at Pine Island Road & Commercial Boulevard, the property is perfectly situated just minutes from the Sawgrass Expressway, allowing for quick commutes to the other major thoroughfares throughout Broward. This will allow residents to easily commutes to the area's major employment centers including Sawgrass Corporate Park, Plantation, Cypress Creek, Boca Raton and Downtown Fort Lauderdale.
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Heron Landing
144 Units
5280 NW 88th Avenue
Sunrise, FL  33351
Type: Conventional
Closed: 9/16/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire Manor Broken Sound – South Florida’s premier 297 apartment home asset located in Boca Raton, Florida. The property is comprised of a six-story midrise and two-story villas with garages and has a combined average unit size of 1,118 square feet. Manor Broken Sound is centrally located in the heart of the Park at Broken Sound and provides immediate access to 8.8 million square feet of office and industrial , making it one of South Florida’s most dynamic live and work environments. The property opened in February 2022 and was developed by nationally recognized Related Group.
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Manor Broken Sound
297 Units
5400 Broken Sound Blvd NW
Boca Raton, FL  33487
Closed: 9/8/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present this landmark, LEED Silver, mixed-use development. This 1.2 million square-foot project provides a true live-work-play ecosystem by incorporating 495 luxury residential units with the prestigious Life Time (NYSE: LTH) athletic resort and co-working space along with renown onsite amenity retailers like Trader Joe’s and Graziano’s Restaurant and Market.

Dedicated to the pursuit of healthy living, the Life Time facility is over 90k square feet and includes a plethora of amenities such as a comprehensive fitness center, café, child care, and spa, along with health, nutrition, and fitness consulting. In addition, a 24k square-foot coworking space provides residents and members alike with a myriad of options from complete office spaces for small companies to shared desks and common areas for co-working and WFH uses. Current programming provides residents of the 495 luxury multifamily units with free membership to Life Time Athletic.

This one-of-a-kind project sits prominently on US-1 in world-renowned Coral Gables with excellent access to employment and walkability to the Shops at Merrick Park. Resident demographics are exceptionally strong with average household incomes of over $500,000. The property represents a rare opportunity for a large-scale mixed-use acquisition in one of the highest barrier-to-entry and most affluent submarkets in Miami.
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Life Time Coral Gables
495 Units
237 S Dixie Hwy
Coral Gables, FL  33133
Closed: 8/26/2022
Cushman and Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the recently completed Altis Miramar (320 apartment homes) and Altra Miramar (330 apartment homes). Both properties represent the newest resident experience in Miramar and feature thoughtfully crafted unit layouts with finish levels and amenities that set the market standard for best-in-class living. They are also walkable to a brand new 57,000 square foot retail center featuring, Starbucks, Five Guys, World of Beer and Pediatric Associates.

Altis Miramar features a 3-story design with direct access units and attached garages in 56% of the units while Altra Miramar is a 5-story design with 75 tuck under garages. Both assets feature a mix of one, two and three-bedroom residences with an average unit size of 1,059 square feet at Altis Miramar and 951 square feet at Altra Miramar.

The properties are located directly across the street from Miramar Park of Commerce which features over 5 million square feet of office. They are less than two minutes from the Florida Turnpike providing an easy commute to the surrounding employment nodes of Miami, Doral, Ft. Lauderdale, Plantation and Sawgrass Corporate Office Park. Altis Miramar and Altra Miramar are being offered to the market for the first time by it developer, nationally recognized Altman Companies.

THE PROPERTIES CAN BE PURCHASED INDIVIDUALLY OR TOGETHER.
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Altis Miramar & Altra Miramar (2 properties, 650 units)
Altis Miramar
320 Units
11385 SW 30th Court
Miramar, FL  33025
Closed: 7/29/2022
Cushman and Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the recently completed Altis Miramar (320 apartment homes) and Altra Miramar (330 apartment homes). Both properties represent the newest resident experience in Miramar and feature thoughtfully crafted unit layouts with finish levels and amenities that set the market standard for best-in-class living. They are also walkable to a brand new 57,000 square foot retail center featuring, Starbucks, Five Guys, World of Beer and Pediatric Associates.

Altis Miramar features a 3-story design with direct access units and attached garages in 56% of the units while Altra Miramar is a 5-story design with 75 tuck under garages. Both assets feature a mix of one, two and three-bedroom residences with an average unit size of 1,059 square feet at Altis Miramar and 951 square feet at Altra Miramar.

The properties are located directly across the street from Miramar Park of Commerce which features over 5 million square feet of office. They are less than two minutes from the Florida Turnpike providing an easy commute to the surrounding employment nodes of Miami, Doral, Ft. Lauderdale, Plantation and Sawgrass Corporate Office Park. Altis Miramar and Altra Miramar are being offered to the market for the first time by it developer, nationally recognized Altman Companies.

THE PROPERTIES CAN BE PURCHASED INDIVIDUALLY OR TOGETHER.
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Altis Miramar & Altra Miramar (2 properties, 650 units)
Avalon Miramar Park Place
330 Units
2750 SW 113 Lane
Miramar, FL  33025
Closed: 7/29/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Elan Ruby Lake, a 372-unit garden-style apartment community located in Orlando, Florida (the "Property"). Completed in 2022, the Property is situated on 16.8 acres adjacent to Lake Ruby on the west side of Interstate-4.

Elan Ruby Lake features 10 three and four-story residential buildings and a community clubhouse. The average unit size of the apartment homes is 962 s.f. across one, two, and three-bedroom floor plans. Unit interiors feature stainless steel appliances, quartz countertops, built in closet systems, kitchen islands, and natural hardwood plank-style flooring. The Property boasts an impressive amenity package including two swimming pools, a state-of-the-art fitness center and yoga studio, an outdoor game lounge, a business hub with flexible work-spaces, an outdoor kitchen with BBQ stations, an on-site pet spa and dog park, a media and clubhouse game room, 24/7 package lockers, two bocce ball courts, a fitness track, and property-wide walking paths among other offerings.

The Property offers immediate access to a surplus of lifestyle amenities including extensive retail and recreational offerings with more than 1.7 m.s.f. of retail within one mile. Additionally, the Property is ideally positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f. of office space, and adjacent to Interstate-4, providing easy access to a diverse set of major employers throughout the Orlando MSA.

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Elan Ruby Lake
372 Units
9950 Elan Circle
Orlando, FL  32836
Closed: 7/7/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Ancora, a 289-unit Class A apartment community located in Orlando, Florida (the "Property"). Completed in 2018, the Property is situated on 16.5 acres in the core of Orlando’s tourist corridor.

Ancora features two four-story residential buildings with first and second-floor common areas. The average unit size of the apartment homes is 969 s.f. across one, two, and three-bedroom floor plans. The Property features best-in-class amenities including a 24-hour two-story fitness center with yoga studio, Fitness-On-Demand, and boxing zone, infinity pool with summer kitchen and cabanas, resident game room with billiards and virtual golf simulator, theater room, business center, kid’s room, dog wash and spa, electric car charging stations, and package concierge among other community offerings.

The Property is located along iconic International Drive, offering residents immediate access to an unmatched set of shopping and dining attractions, first-class resorts, theme parks, and golf courses. Additionally, the Property is well-positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f of office space, and in close proximity to Interstate-4, providing direct access to a wide range of employment hubs throughout the Orlando Metro Area.

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Ancora
289 Units
10107 Ancora Circle
Orlando, FL  32821
Type: Conventional
Closed: 7/1/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire the 487-unit Mosaic at Miramar Town Center, located in Miramar, Florida. The property features an appealing unit mix with 353 garden style apartment homes and 134 two-bedroom and three-bedroom townhomes. All the townhomes have 2-car direct access garages and are market-leading size of 1,442 square feet. Originally built in 2015, the property is well-positioned for a new owner to implement a renovation program in the units, as well as further enhance the expansive amenity space the property has to offer. Current ownership recently spent $1 million upgrading the interior hallways with new paint, carpet and lighting. Mosaic at Miramar Town Center is situated in 54 acre PUD featuring City Hall, the Miramar Amphitheatre, Library, 85,000 square feet of office and 150,000 square feet of retail. It is also less than five minutes from Miramar Park of Commerce which has over 5.0 million square feet of office. Its central Broward location with access to the surrounding roadways provides residents quick commutes to the major employment centers in South Florida
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Mosaic at Miramar Town Center
487 Units
11575 City Hall Promenade
Miramar, FL  33025
Type: Conventional
Closed: 6/7/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present City Place at Celebration Pointe, a 220-unit, class AA garden-style apartment community located within the Celebration Pointe Mixed-Use Development in Gainesville, Florida (the "Property"). Completed in 2021, and fast approaching stabilization, the Property features a unit-mix with 54.5% one-bedroom units, 40.0% two-bedroom units, and 5.5% three-bedroom units with an average unit size of 945 square feet. The Property features top-of-the-market interior finishes and boasts an extensive amenity package including a resort-style pool, state-of-the-art fitness center, firepits, grilling stations, a dog park, spacious clubhouse, Starbucks coffee bars in each building, a business center, and a social lounge with billiards table. The Property is ideally positioned west of Interstate 75 and north of Archer Road within Celebration Pointe, a 160-acre, 1.0 m.s.f.+ master planned development with over a dozen restaurants, abundant retail destinations, entertainment destinations, and a technology and office park.

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City Place at Celebration Pointe
220 Units
4802 SW 34th Place
Gainesville, FL  32608
Closed: 6/1/2022

Cushman & Wakefield is pleased to present the exclusive listing of Sunset Marina, the newest waterfront Class-A rental community in the Florida Keys and the only waterfront multifamily rental in Key West. A shortage of rental supply, limited land and limitations on new residential development make the Florida Keys one of the most supply constrained markets in the U.S. Sunset Marina is ideally situated with over 950 feet of direct water frontage on Stock Island in Key West.

The property features 60 spacious townhome units that average 800 square feet. All units are two bedroom/two bathrooms. The property is 100% occupied with average market rents of $3,084 per unit. The property includes 23 market rate units and 37 workforce units. The majority (30 out of 37 units of the workforce units) allow to be rented at 140% of AMI as of today which equates to $3,206 per unit. Adjacent to the property is Sunset Marina a 165-slip marina which is not part of the offering. Out of 60 units, the 52 (87%) have direct water frontage whereas the remaining 8 units have partial water views.

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Sunset Marina
60 Units
5555 College Road
Key West, FL  33040
Closed: 5/9/2022

Cushman & Wakefield has been exclusively engaged to arrange the sale of the Owner’s 100 percent fee simple interest in The Village at Crescent Park (the "Property"), a fully entitled, 14.48-acre multifamily development site located in Orlando, Florida. The approved site plan proposes a garden-style, four-story, 254-unit development, complete with dedicated leasing center, clubhouse, resort-style pool, fire pit & lounging area, playground, and pet park among other amenities. Situated just north of Orlando International Airport and State Road 528, the Property offers resident’s convenient access to the metro’s major employment hubs, as well as robust retail offerings in immediate proximity.

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The Village at Crescent Park (Proposed)
254 Units
Conway Road
Orlando, FL  32812
Closed: 4/15/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present The Commons, a 280-unit, garden-style apartment community located in Orlando, Florida (the "Property"). Completed in 1998, the Property will be delivered 100% vacant as it was previously under a master lease to the Walt Disney Company that will be terminated upon closing.

The Commons is situated on 19.28 acres and is comprised of 29 two and three-story residential buildings with spacious floorplans averaging 1,040 s.f. The Property boasts an extensive amenity package including a resort-style swimming pool, fitness center, conference center, lighted tennis court, lighted sand volleyball court, garages, picnic area with grills and gazebo, and a car care center. With largely original interior finishes, coupled with the ability to improve the large current amenity package, new ownership can immediately implement a comprehensive value-add program to bring rents inline with submarket comparables.

The Property has immediate proximity to major employment centers, including the Tourist Corridor office submarket, Lockheed Martin, Orlando Health Dr. P. Phillips Hospital, Universal Studios, SeaWorld, and Disney’s Campus, all less than 15 minutes away. Additionally, the immediate area has over 1.8 m.s.f. of retail and restaurant space within a one-mile radius, including Publix Supermarket, the Orlando Premium Outlets, and Disney Springs..

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The Commons
280 Units | 535 Beds
8050 Gables Commons Drive
Orlando, FL  32821
Type: Student
Closed: 3/23/2022