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The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler Associates, Inc. are pleased to present the exclusive listing of the 176-unit City Heights at The Gulf apartment community located in Biloxi, Mississippi. This asset is located between Pass Rd and Beach Boulevard, offering access to two major buckets of employment in Gulfport and Biloxi. Within half a mile of City Heights lies over 1.3 million square feet of retail and the Biloxi beach, making this micro location a highly amenitized area. Built in 1984 and arguably the most desirable 1980’s vintage asset in the entire metro, City Heights at the Gulf offers the next investor a high quality community with major value add potential.
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Under Contract
City Heights at the Gulf
176 Units
221 Eisenhower Drive
Biloxi, MS  39531
Posted: 5/10/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit Commando Village apartment community located in Fort Walton Beach, Florida. The Florida Panhandle boasts a stable military backbone, with Eglin Air Force Base and Hurlburt Field (33,000 jobs total) within 15 minutes of Commando Village. The community boasts high visibility and access off Martin Luther King Jr Blvd, a major arterial corridor in Fort Walton Beach that connects with some of the area’s top employers. Built in 1992, Commando Village offers the investor an asset with massive floorplans, home-like amenities, and a proven value add campaign. The property currently operates under a ground lease set to expire in 2051, but there is high renewal potential.
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Under Contract
Commando Village
300 Units
302 Blessinger Drive
Fort Walton Beach, FL  32547
Posted: 1/2/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 332-unit Devonshire Place apartment community located in Birmingham, Alabama. The Birmingham metro has constituted nearly 1/3 of the state’s job growth since 2015, and is an economic powerhouse. Devonshire Place, located just east of Pinson Valley Parkway, sits across the street from Jefferson State CC (9,000 enrollees) and in close proximity to the Pinson Valley industrial corridor, Birmingham’s largest distribution and manufacturing hub. Built in 1974, Devonshire Place offers the investor an attractive unit mix (50% townhomes) with in-place value add potential.
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Under Contract
Devonshire Place
332 Units
2349 8th St NW
Birmingham, AL  35215
Type: Conventional
Posted: 2/16/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 173-unit Magnolia Preserve apartment community located in Dothan, Alabama. Dothan is widely regarded as the “southeastern gem” of the state, with a growing medical/industrial economy and major local job growth. Magnolia Preserve maintains one of the best multifamily locations in the submarket, within the Montgomery Highway retail corridor (3M+ SF) and $70K+ average household incomes. The community, one of the only Class A assets in the entire market, has produced outstanding organic rent growth since delivery (4.9% YoY) and stable occupancy. The next investor can further increase collections through rounding out the in-place value add campaign.
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Magnolia Preserve
173 Units
101 Magnolia Ridge Place
Dothan, AL  36303
Type: Conventional
Posted: 5/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit Parkside at Cottage Hill apartment community in the desirable submarket of Midtown Mobile, Alabama, just east of the busy I-65 corridor. Representing one of Mobile’s newest and most upscale multifamily assets, this Class A property is situated in Mobile’s desirable Midtown district, offering premier access to major job cores in Downtown and the Aeroplex. Completed in December 2014, the property is immersed in a 12.1M SF destination retail district that is burgeoning with Mobile’s affluent young professional populace. Parkside at Cottage Hill is a quality investment opportunity ideally positioned for further organic upside.
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Under LOI
Parkside at Cottage Hill
240 Units
3320 Cottage Hill Road
Mobile, AL  36606
Type: Conventional
Posted: 9/7/2018