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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of April Leigh, a 57-unit, 2023-constructed build-to-rent community located less than 10 minutes from one of the State’s biggest employment centers (4,500+ jobs). April Leigh is a purpose-built detached BTR community nestled in the I-20 corridor with direct access to Tuscaloosa (20 minutes) and Birmingham (30 minutes). The property benefits from being one of two BTR assets in a supply constrained market, where average annual rent growth the past three years is 5%+. The property sits 24 miles via Interstate-20 from Tuscaloosa and the University of Alabama which is the fastest growing college in the nation boasting $2.8B in economic impact in Tuscaloosa. Mercedes-Benz’ multi-billion automotive Tuscaloosa plant is less than 4 miles from the subject.

The community features 100% 4 & 5 BR detached homes averaging 2,368 SF, attached garages, private fenced yards and premiere unit features offering residents a quality home with professional property management efficiencies. Arriving to market midway through an excellent lease-up, the community is poised to be a rent leader in a market with limited new supply of conventional multifamily and institutionally developed BTR communities.

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April Leigh
57 Units
11388 Tingle Tangle Rd
Vance, AL  35490
Posted: 6/28/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, an 86-unit, 2023-constructed Build-to-Rent (BTR) community located in the thriving and undersupplied Pace submarket. Boracay Cove’s strategic location in the Pensacola market offers residents convenient access throughout the area via US-90 & Interstate-10. The asset is located less than 2 miles away from many major retailers such as Target and Publix. As well as being a top submarket of Pensacola, Pace has experienced 7%+ YoY population growth. Fully delivered in 2023, Boracay Cove offers a rare unit mix of 4 & 5 BR detached single family homes with large floorplans (1,741 avg SF). Lease up performance is outstanding as Boracay Cove has experienced an average of 20 leases per month in May/June. Boracay Cove offers new ownership an outstanding opportunity to acquire a rare high-performing BTR asset.
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Under Contract
Boracay Cove
86 Units
4765 Malay Circle
Pace, FL  32571
Posted: 10/20/2023
OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 54-unit Hawthorne Heights BTR community located in Bentonville, AR. Hawthorne Heights is attractively situated north of Downtown Bentonville and is just a short distance from Crystal Bridges, Bentonville High School and well-known local hiking/mountain biking trails. Bentonville rests at the head of the booming NW Arkansas MSA, which is home to 3 Fortune 500 Companies – Walmart, JB Hunt and Tyson Foods. Walmart’s headquarters sits just 3-miles Southwest of the asset, supplying 14,000+ corporate jobs and is the World’s largest retailer.

Hawthorne Heights offers a unique asset to a population currently underserved in the growing NW Arkansas market. With final units being delivered soon, Hawthorne Heights offers a premiere opportunity to invest in a well-located asset with the ability to achieve above market returns.

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Hawthorne Heights
54 Units
906 NE Heights Lane
Bentonville, AR  72712
Posted: 11/28/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit Hillcrest Village apartment community located in Springdale, AR. Hillcrest Village is attractively situated just west of the I-49 corridor, walking distance from Arvest Ballpark, home to the AA affiliate of the Kansas City Royals, The Northwest Arkansas Naturals. Springdale rests in the heart of the booming NW Arkansas MSA, which is home to 3 Fortune 500 Companies – Walmart, JB Hunt and Tyson Foods. Tyson’s headquarters sits just 2 miles NE of the property, supplying 3,000+ corporate jobs and is 1 of the 3 top US poultry producers located in the city. Hillcrest Village is also uniquely positioned within the fast-growing NW Arkansas healthcare hub with Arkansas Blue Cross/Blue Shield, Arkansas Children’s Hospital NW, Highlands Oncology and Mercy Health all within a 5-minute commute. Still under development, Hillcrest Village offers an outstanding opportunity to invest in a well-located and highly desirable BTR product in one of fastest growing markets in the nation.
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Hillcrest Village
Offers Due:  Wednesday, December 6, 2023
157 Units
2958 Cornell Dr
Springdale, AR  72762
Posted: 10/20/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Kipling, a 118-unit Built-To-Rent (BTR) community located in Baldwin County (Foley), AL. Kipling arrives to market as one of the region’s premier single family, detached BTR communities in Baldwin County. The asset is located in the rapidly expanding Foley submarket, recently ranked the highest-growth pocket in Baldwin County. With pristine beaches less than 12 minutes away ($5B+ economic impact) and retail-attractions within a short drive, Kipling offers residents a desirable, single-family suburban lifestyle.

Fully delivered in 2023, the community features a desirable unit mix of 3-5 BR detached homes averaging 1,777 SF, attached garages, private fenced yards & top-of-the-line technology packages. Lease-up performance is strong as average loss-to-lease is less than 1%. Submarket rent growth has averaged 5%+ annually since 2017 while occupancy remains at 95%. Kipling offers new ownership an outstanding opportunity to acquire a sizeable BTR asset in AL’s fastest growing county.

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Under Contract
Kipling Meadows
118 Units
7959 Mandalay
Foley, AL  36535
Posted: 8/2/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Marbella, a 96-unit, 2021-built apartment community located in the highly sought after and rapidly growing Baldwin County. Marbella offers residents a beach-style living experience with close proximity to all of Gulf Shores’ lifestyle Amenities. The area is home to some of the nicest beaches in the U.S. which continue to drive strong population and rent growth (8.9% YoY since 2021). Since the beginning of 2022, Marbella has organically pushed rents 15.5%+ on renewals and new leases and arrives to market 95.8% occupied. The Baldwin County market has benefitted tremendously due to the lack of new competitive supply with no units being built between 2009 and 2019. In addition, Baldwin County is the 4th fastest growing small metropolitan area in the U.S. with the Gulf Shores area growing by 73% since 2010 providing further growth for assets such as Marbella. Built in 2021, Marbella represents an outstanding opportunity to invest in a high performing asset with attractive assumable HUD loan in the highly sought after and rapidly growing Baldwin County.
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Under Contract
Marbella
96 Units
1910 East 1st Street
Gulf Shores, AL  36542
Posted: 5/2/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Retreat at Greystone, a 312-unit, 2014 built asset, located in Birmingham’s premier suburban submarket of Greystone. Retreat at Greystone is an institutional quality asset boasting large floor plans, home style design, and luscious green-space amenities, positioning itself as the premier asset within the Greystone neighborhood.

The property boasts impressive historic economic growth with strong in-place renewals (6% over last 10 renewals). The Greystone neighborhood ($520K avg home value) presents an excellent rental demographic ($113K avg HHI), located just minutes away from top metro destinations. Located off US HWY 280 (59K VPD), at the intersection with HWY 119, the Retreat at Greystone offers tenants a premier location, adjacent to the newly delivered Tattersall Park mixed-use development, as well as 2M SF+ of retail within 2 miles of the property. Retreat at Greystone’s location is truly irreplaceable, offering quick and convenient access to the corridor’s top retail and office destinations such as The Summit (1M+ SF Class ‘A’ retail), Colonnade Town Center (700K Class A Office), and the newly completed Grandview Hospital (9K+ jobs). Retreat at Greystone offers the next investor the opportunity to acquire a top-of-the-line asset within a burgeoning submarket, well below replacement cost.

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Retreat at Greystone
Offers Due:  Thursday, December 7, 2023
312 Units
201 Retreat Drive
Birmingham, AL  35242
Type: Residential
Posted: 11/2/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive offering of the 260-unit Stonegate apartment community located in Birmingham, Jefferson County, AL with below market assumable debt. This asset is situated in the expanding Oxmoor Valley economic corridor, just north of the $60M Renaissance at Ross Bridge Luxury Resort. The property offers residents convenient access to Samford University (5,700+ Students), the University of Alabama at Birmingham (UAB) and its combined 45K+ combined jobs and students, and the top Hospitals and employment drivers in the MSA. Stonegate also presents the opportunity to assume attractive, in-place financing, with rates well-below current market availability. Built in 2008, Stonegate offers an outstanding opportunity to invest in a high performing asset, while also capitalizing on a proven value-add campaign.
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Stonegate
260 Units
101 Leaf Lake Boulevard
Birmingham, AL  35211
Type: Residential
Posted: 5/9/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Charles, a 192-unit institutional asset strategically located in historically underserved Destin, Florida. The asset is ideally situated within walking distance of Florida’s Gulf Coast, offering residents convenient access to some of the most renowned beaches in the United States. The Charles offers residents a beach-style living experience with immediate proximity to all of Destin’s unique and high-quality lifestyle amenities. Furthermore, Destin boasts an outstanding demographic profile with $115K+ average household income within two miles of the asset. Since delivering its first units in September 2021, management has successfully pushed rents over 23%. The Charles premier finishes, curated amenities, and first-class location present an outstanding investment opportunity. The Sponsor is seeking a loan commitment at 60%-65% LTV on a 5 year targeted hold period, with a 90/10 equity split.
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The Charles
192 Units
1015 Highway 98 East
Destin, FL  32541
Type: Residential
Posted: 3/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Crossings at Tunica apartment community located in Tunica Resorts, MS. This asset is situated adjacent to the booming Tunica Casino industry, responsible for inserting 4,400+ jobs into the community, and only 17 miles from the Memphis MSA (1.4M+ population). With 80%+ of the property remaining as classic units, Crossings at Tunica presents the next investor the opportunity to round-out the remaining renovations and boost bottom-line NOI by $173K+. Built between 2001 and 2004, Crossings at Tunica represents an outstanding opportunity to invest in a proven value-add asset, offered at a compelling basis well below current replacement costs.
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The Crossings at Tunica
232 Units
2634 East Lake Boulevard
Robinsonville, MS  38664
Type: Residential
Posted: 7/11/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.
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Under Contract
The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type: Land
Posted: 10/21/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Lory of Hoover apartment community located in Birmingham, AL. This asset is situated less than a mile south of the I-459 and I-65 Interchange, allowing residents to experience convenient access to all of Birmingham’s employment opportunities, retail amenities, and leisure activities. The asset exited its LIHTC program in 2020 and allows the next investor to implement a value-add campaign and further boost rents. Built in 1974, Lory of Hoover offers an outstanding opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.
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Under Contract
The Lory of Hoover
174 Units
2149 Emerald Pointe Drive
Hoover, AL  35216
Type: Residential
Posted: 4/25/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Meridian at Fondren, a 245-unit, 2016-built apartment community located in Jackson, MS. The asset’s luxurious interiors, best-in-class amenities, and centralized location embedded amongst The University of Mississippi Medical Center (UMMC) via a ground lease with UMMC, caters to an upscale tenant base exemplified by an average household income of $88K+ within 1 mile of the asset. The asset affords residents luxurious finishes with modernized use of space while maintaining walkability to quality dining, shopping, entertainment options, along with UMMC & St. Dominic with its 13,000+ combined jobs. With strong in-place demand, management has successfully pushed rental rates $100+ on the latest leases, and the next owners can initiate a light value add program and push rents $85-$115 with minimal capital spent. Built in 2016, The Meridian at Fondren arrives to market 96% occupied with strong operational trends providing new ownership a foundation for immediate growth in an irreplaceable location in Jackson.
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The Meridian at Fondren
245 Units
802 Lakeland Drive
Jackson, MS  39216
Posted: 5/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of TimberChase, 94 units located in Birmingham, AL. This asset is nestled in-between Downtown Birmingham and the affluent municipalities of Homewood ($490K+ home value) and Vestavia Hills ($512K+ home value), with close proximity to all employment and community amenities in the Birmingham MSA. Current ownership has renovated 40 units ($125 premiums) and completed significant exterior upgrades, which includes replacement of all roofs and full exterior painting. Built in 1973, TimberChase offers an outstanding opportunity to invest in a proven value add asset within 5 minutes of Downtown.
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Under Contract
TimberChase
94 Units
925 Beacon Parkway East
Birmingham, AL  35209
Posted: 8/2/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Trails at Alabaster, a 200-unit apartment community located in the Alabaster municipality of Birmingham, AL. The asset is extremely well-positioned along the I-65 corridor in a supply-constrained submarket (less than 650 units delivered to the area since 2000) where rents are growing exponentially due to the lack of inventory. Trails at Alabaster offers an outstanding location for residents as it is minutes from 10,000+ quality jobs, state-ranked schools, and Class A retail space. The property is coming off an $1mm+ exterior renovation making the buyer the beneficiary of a quality physical plant and refreshed property look. Built in 1977/1986, Trails at Alabaster offers an opportunity to invest in a quality asset with excellent performance trends and additional upside remaining for new ownership.
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Under Contract
Trails at Alabaster
200 Units
1740 Woodbrook Trail
Alabaster, AL  35007
Type: Residential
Posted: 6/19/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of White Sands Luxury Apartments, a 268 unit, 2007-built apartment community located along Florida’s Gulf Coast. White Sands offers residents a beach-style living experience with close proximity to all of Panama City’s lifestyle amenities. The area is home to some of the nicest beaches in the U.S. which continues to drive strong population growth (6% increase since 2020). The asset arrives to market 96%+ occupied and has demonstrated a 7% increase in total operating income growth over the last 12 months. Built in 2007, White Sands Luxury Apartments represents an outstanding opportunity to invest in a quality asset in the desirable Panama City Beach submarket.
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White Sands
268 Units
302 Cabana Court
Panama City Beach, FL  32407
Type: Residential
Posted: 7/12/2023