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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Elevate Grande Pointe - 180 units in Daphne, AL. Situated along the desirable Eastern Shore of Mobile, the subject enjoys an affluent resident profile and close proximity to quality retail and employment. Since acquisition, current ownership has invested $1.8M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and space for the next investor to completely round out the community. Built in 1984 (renovated 2018), Elevate Grande Pointe offers an excellent opportunity to acquire a repositioned asset in a high growth submarket with proven value add upside.
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Elevate Grande Pointe
180 Units
133 Lake Front Drive
Daphne, AL  36526
Type: Conventional
Closed: 7/30/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Heights, 164 Class A+ units located within Alabama’s capital city of Montgomery, Alabama. The Heights truly embodies its name and is the pinnacle of apartment living in Downtown Montgomery, offering an irreplaceable riverfront location with urban walkability. The community is enveloped by some of the metro’s top job drivers, within 5 minutes from the Central Business District, Maxwell Air Force Base, and I-65. Montgomery itself has generated nearly $600 Million in capital investment and 2,700+ new jobs over the past two years. As the urban core continues to re-surge with new development, The Heights will benefit from a growing flow of millennial renters looking for a live-work-play atmosphere. There is a substantial lack of Downtown apartment supply, with zero units planned or under construction and Downtown living options being limited to boutique lofts.
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The Heights
164 Units
605 Maxwell Boulevard
Montgomery, AL  36104
Type: Conventional
Closed: 5/22/2019