Birmingham Office

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ascend at Pathstone, a 300-unit, 2025-built apartment community located in Pensacola, FL. Ascend at Pathstone is ideally positioned within Pensacola’s high-growth 9-Mile Road corridor, offering access to affluent renter demographics with average household incomes of approximately $130K within one mile. Since entering the market 12 months ago, the community has reached 91% occupancy and 92%+ leased following a rapid lease-up averaging 25 units per month, accelerating to 31 units per month over the past 90 days. With lease-up substantially complete, the property offers meaningful additional rent growth potential as concessions burn off and in-place rents move toward market. The property also benefits from convenient access to Navy Federal Credit Union’s 10,000-job campus and Pensacola’s diverse employment base spanning medical, education, military, and tourism sectors, positioning the asset for continued long-term growth.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive forward sale listing of Brookchase at Pathstone, a 118-unit Build-to-Rent townhome community by D.R. Horton, the nation’s #1 homebuilder. The community will feature spacious three-bedroom floorplans with 1-car garages and 2-car pads, alongside appealing community amenities such as a pool/cabana. Offered on a forward sale basis, Brookchase at Pathstone’s vertical construction is set to start as early as July 2026 and the asset will be fully delivered across three phases into 2027.

Brookchase at Pathstone is ideally positioned along Pensacola’s high-growth 9-Mile Road corridor, within one mile of $130K+ average household incomes and upper income demographics. The site is also less than one mile to Navy Federal Credit Union’s 10,000 employee campus, one of the metro’s most transformative economic development projects and soon to be outdone by the upcoming OLF-8 ‘Outlying Fields’ project directly adjacent (540 acres,mixed-use ‘City Center’ commercial development). The Pensacola Build-to-Rent market remains undersupplied relative to demand, and this offering presents investors a rare opportunity to acquire an institutional grade, Class A townhome product in a top ranked Florida market poised for continued long-term growth.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Covington Creek, a 52-unit, 2024-built, institutional-quality build-to-rent asset located in Covington, Georgia within the rapidly expanding I-20 East Corridor of the Atlanta MSA. Covington Creek is ideally positioned less than 20 minutes from Rivian’s $5 billion electric vehicle manufacturing facility, projected to create approximately 7,500 jobs by 2030, and approximately 30 minutes from Downtown Atlanta. The property benefits from direct access to I-20 and strong connectivity to major regional employment corridors.

The surrounding 30016 zip code has experienced approximately 41% home value growth over the past five years, supported by approximately $110K average household incomes within one mile and 6.1% annual population growth since 2020. Current rents reflect an approximate 20.2% cost advantage to rent versus own, reinforcing the affordability dynamic in today’s rate environment. Newton County’s residential development moratorium, in place through August 2026, has materially limited new supply, with zero units currently under construction. Within a 10-mile radius, only 245 competing 4 and 5 bedroom BTR units exist, with the property representing approximately 77% of 5 bedroom inventory, creating a uniquely constrained environment.