Birmingham Office

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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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.

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.

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.