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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ascot Place - 304 units located in Birmingham, AL, which has experienced 30,000+ new jobs and $2B+ in capital investments over the past three years. Ascot Place is conveniently located less than 10 miles from downtown Birmingham and is a short drive to northeast Birmingham's largest employers, Kamtek, Sterilite, and several other transportation and manufacturing operations. The area immediately surrounding Ascot Place has seen significant economic growth over the past few years, most notably the development of Autocar's $120M facility delivered in 2018. Built in 1972/1986, Ascot Place offers an excellent opportunity to invest in a cash flowing asset with a proven-out value add campaign.
Ascot Place
304 Units
544 Gadsden Highway
Birmingham, AL  35235
Posted: 1/17/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 52-unit Heron Lakes apartment community located in Mobile, Alabama. This asset is desirably positioned just off Government Blvd and within the Heron Lakes Country Club neighborhood (85k HH incomes, $300-$700k home values), which provides the community with a highly affluent renter pool. Heron Lakes also sits minutes from the area’s top employers (Mobile Aeroplex, Downtown) and 12M+ square feet of quality retail space (Shoppes at Bel Air, McGowin Park, etc). Built in 1972 and renovated in the mid-2000’s, Heron Lakes offers the investor a well-maintained property with strong in-place cash flow and substantial further value add upside.
Under Contract
Heron Lakes
52 Units
1164 Skywood Drive
Mobile, AL  36693
Posted: 3/12/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Hilltop Village - 146 units situated inside the gates of Birmingham Southern College (BSC) and within an opportunity zone. Hilltop Village boasts superior walkability to all of BSC’s campus facilities and proximity to Downtown Birmingham. The asset represents a highly unique investment opportunity as it involves a long-term ground lease, is 100% tax-exempt and maintains far below-market insurance rates as the property will remain on BSC’s master policy. Heavily capitalized in 2006, Hilltop Village is primed for future ownership to implement a "2.0" renovation program and significantly grow rental income.
Hilltop Village
146 Units | 232 Beds
1013 Hilltop Parkway
Birmingham, AL  35204
Type: Student
Posted: 9/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 192-unit River Park apartment community located in McComb, MS. McComb, located along I-55 and centralized amongst key MSAs, is a budding regional retail hub with nearly 2 million square feet and major big box stores. River Park is part of an upcoming major mixeduse project that is taking shape at the I-55/Hwy-98 interchange, which will feature grocery, retail, office, and flex space. Built and delivered in late 2015, the subject property offers a Class A asset below replacement cost with an outstanding collections trend. The next investor will also benefit from long-term HUD debt that will boost cash-on-cash returns.
River Park
192 Units
1328 Parklane Road
McComb, MS  39648
Type: Conventional
Posted: 2/25/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Arlington - 97 units located in Jackson, Hinds County, MS. This well demanded asset sits approximately 8 miles north of the capital city of Downtown Jackson. Maintaining excellent visibility, signage and direct frontage off Ridgewood Rd, The Arlington offers residents quick access to all of Jackson’s primary economic drivers. The asset features 29 renovated units now achieving up to $130 premiums over effective rents at time of acquisition, leaving 68 classic units for the next investor to completely round out the community. Originally constructed in 1972, The Arlington presents the opportunity to acquire an upward-trending asset with proven value add demand in an excellent location.
The Arlington
97 Units
5845 Ridgewood Road
Jackson, MS  39211
Type: Conventional
Posted: 1/16/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Michael - 159 fully renovated, Class A units in the heart of Historic Downtown Mobile. Downtown has been truly transformed over the last 5 years and will continue to see an influx of jobs, capital, and residents migrating to the urban core. The Michael is a QOZ (qualified opportunity zone) asset with the opportunity to close before final C/O (Certificate of Occupancy). Current ownership has spent over $5.2M for full interior, exterior, and amenity renovations - now offering residents luxury finishes with modernized use of space while maintaining walkability to quality dining, shopping, and entertainment options. The Michael represents the rare opportunity to acquire heavily capitalized, well-located, turn-key asset far below replacement cost.
The Michael
159 Units
758 St. Michael Street
Mobile, AL  36602
Type: Conventional
Posted: 2/12/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Watermark at Bridge Street Town Centre, a Thompson Thrift Company. The property offers 244 Class A+ units located in the rapidly expanding city of Huntsville, AL. Huntsville, arguably one of the hottest economic metros in the U.S., has added 12K+ jobs & $5B of capital investments since 2018. Embedded within the Bridge Street Town Centre development, the subject offers walkability to 550K+ SF of Class "A" retail & office space. The asset is adjacent to Cummings Research Park, the 4th largest research park in the world, which is home to 300+ companies & 27K+ jobs. Delivered in March 2019, Watermark is the pinnacle of new residential design, featuring designer finishes & state-of-the-art amenities. The asset has proven out excellent lease-up velocity & is primed to capture substantial organic rent growth through second-generation leasing. The subject’s quality construction, retail walkability, and connectivity to massive job cores will position future ownership to achieve profitable upward momentum.
Under Contract
Watermark at Bridge Street
244 Units
6854 Governors West NW
Huntsville, AL  35806
Posted: 3/3/2020