Birmingham Office

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 150 Summit, a 640-unit, 1994/1997-built apartment community located in the premier Hwy 280 corridor of the Birmingham MSA. 150 Summit is situated at the suburban epicenter of Birmingham, a sought-after location near The Summit, US-280, and the state’s top ranked suburbs. The Summit serves as Birmingham’s premier retail destination with over 1 million square feet of upscale shops and dining, and this location offers market-best connectivity to Downtown, Hoover, and US-280.

Additionally, the community’s adjacent submarkets of Cahaba Heights and Vestavia Hills have seen impressive growth, with 33%+ rent growth over the last 5 years. Further driving demand is the high barriers to entry due to local government’s restrictions on multifamily. With $5M+ in renovations in the past decade, including new roofs in 2018, 150 Summit is primed for long-term value and sustained performance.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Arena Villas at Blue Angel, a 117-unit, 2021-2023-constructed Build-To-Rent (BTR) community located in Pensacola, FL. Arena Villas at Blue Angel is ideally positioned in the central north Pensacola submarket, offering residents direct access to key transit corridors, including Interstate-10, Interstate-110, and Route 29 - facilitating efficient connectivity throughout the Pensacola MSA. The property is located less than nine miles from the newly developed $650 million Baptist Health Care campus, which was delivered in Q4 2023 and serves as a major healthcare employment anchor for the region.

Just 10 minutes from the property, Navy Federal Credit Union’s recently completed campus is expected to employ more than 10,000 people by 2026, reinforcing the area’s status as a stable and expanding employment hub. The Pensacola market continues to outperform national trends, with population growth nearly twice the U.S. average and rent growth exceeding 9% since 2022 - demonstrating strong multifamily fundamentals and long-term investment appeal.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is proud to present the exclusive listing of Canopy Park, a 234-unit, 2023-built apartment community which includes 12,769 SF of ground-floor retail located in Pelham AL, a rapidly expanding suburb of the Birmingham MSA. Canopy Park is a market-leading, institutional quality, mixed-use asset in an irreplaceable location within the Pelham Arts & Entertainment district; adjacent to Oak Mountain State Park (1M annual visitors). Canopy Park has positioned itself as the market-leading asset, insulated from the supply of downtown Birmingham, and the only new-construction conventional multifamily deal built within the last 8 years in a 5-mile radius.

The Pelham market has seen exceptional expansion, with 80% population growth in the last 25 years. The combination of impressive demographics ($108K 5-mile HHI), lack of competitive supply (zero new units planned within 4-mile radius), and a growing market has positioned Canopy as one of the best assets within the entire MSA. The offering includes 12,769 SF of ground floor retail, anchored by a noteworthy local restaurant chain – Big Bad Breakfast – operated by a James Beard award-winning chef, and largely recognized as the #1 Breakfast in Birmingham. With staggering lease-up performance (27 avg move-ins during 2024 peak leasing), and impressive rental trends (9% and 5% avg increases on renewals and trade outs, respectively), Canopy Park offers an unparalleled opportunity to acquire a high performing property reaching the end of lease up, at a basis below replacement cost.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Magnolia Preserve, a best-in-class, 173-unit apartment community in Dothan, AL. Located in the most affluent neighborhood of Dothan ($84K Avg. HHI within one mile), and in a submarket with constrained Class A supply, the next investor of this asset is positioned for sustained rental demand from a high-quality renter pool seeking Class A-style living. Magnolia Preserve represents the premier luxury community in Dothan, located at the heart of the city’s primary retail corridor (3M+ SF total retail). Boasting large unit sizes and thoughtfully curated amenities, this asset represents a quality physical plant and is offered at a compelling basis below replacement cost.

Magnolia Preserve arrives to market 97% physically occupied with outstanding historical occupancy, rental, and overall collections trends. The next investor will acquire a cash-flowing asset on day one of ownership with additional runway to grow NOI by $81K+ via rounding out the in-place renovations on the remaining 41 classic units (23% ROI).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Marlowe, a premier, expert-crafted trophy asset located in the heart of the Central West End neighborhood of St. Louis, MO. With exceptional architecture and purposeful finishes, the asset draws an affluent, top-shelf tenant demographic, accompanied by custom community amenities - including an upscale speakeasy, the market’s only nine-hole putting green and largest dog walk - along with a variety of tailored floorplans.

With premier walkability (82 Walk Score – Very Walkable), Marlowe also offers residents direct access to some of St. Louis’ largest employment centers and local attractions. Most notably, Forest Park (rated #1 park in the U.S.), which hosts the St. Louis Zoo, St. Louis Art and History Museums, Forest Park Golf Course, and the Muny Amphitheatre. St. Louis’ Central West End is also home to the Washington University Medical Campus, which includes Barnes-Jewish Hospital (MSA’s #1 Employer), and Shriner’s Children’s Hospital, which serve as major catalysts behind the 41K+ jobs within a 1-mile radius of the asset.

The infill nature of the location also provides added resiliency, as strong in-place leasing trends – 0% LTL on last 50 move-ins and 3.5% increases on recent leases over in place averages - serve as a key driver leading into 2025. Henceforth, Marlowe offers the rare opportunity for the forthcoming investor to acquire a trophy asset in an irreplaceable Central West End location with material organic upside.

***Marlowe contains a PILOT tax payment schedule through 2032.