Birmingham Office

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fitzroy Grove, a 250-unit, 2022-built Class A apartment community in the Northwest Arkansas MSA — one of the fastest growing markets in the Sunbelt. The property sits in the prestigious Pinnacle submarket of Rogers, Arkansas, the premier live-work-play hub of the MSA, offering residents direct access to the region's largest employers, top retail destinations including Pinnacle Hills Promenade, entertainment venues such as the Walmart AMP, and the MSA’s outdoor recreation network, highlighted by the Razorback Greenway trail system. Northwest Arkansas is home to Walmart — the nation's largest retailer and Fortune #1, recently crossing the $1 Trillion market cap threshold, joining an elite group. Walmart has fully delivered its new global headquarters campus in Bentonville, less than 6 miles from the asset, consolidating approximately 15,000 corporate employees. The Fitzroy Grove also sits within a 15-mile radius of Tyson Foods and J.B. Hunt Transportation, two additional Fortune 500 headquarters that anchor the regional economy.

The Fitzroy Grove comes to market through a Chapter 11 bankruptcy sale, presenting a rare opportunity to acquire an institutional-quality Class A asset at a significant discount to replacement cost — a true reset basis that would not otherwise be available. The underlying real estate is intact, with top-of-market unit finishes, a full amenity package, and a Pinnacle submarket location that continues to command the highest rents in the MSA. The next investor inherits a clear, quantifiable path to NOI recovery — concessions burnoff and mark-to-market on lease rollover — on a fully amenitized 2022-vintage property requiring no physical renovation.

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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Cottages on Weaver Avenue, a 63-unit, purpose-built Build-to-Rent community located in the rapidly emerging East Birmingham submarket of Leeds, Alabama. Constructed in 2021, the property features spacious three bedroom floorplans (1,272 SF avg), with approximately 60% of units offering attached one and two-car garages. The community’s high-quality construction, modern interiors, and intentional design position the asset as a premier rental offering within the submarket. Since stabilization in Sept. 2022, the property has maintained 94%+ average occupancy and has has never had a quarter below 90%, underscoring strong demand.

The Cottages on Weaver Avenue benefit from a strategic location along the I-20 East corridor, providing direct access to Downtown Birmingham (20 minute drive) and a diverse base of employment drivers across the MSA. Nearby demand generators include Birmingham-Shuttlesworth International Airport, Coca-Cola UNITED’s new corporate headquarters campus, and the Honda Manufacturing Plant, reinforcing long-term population and housing demand throughout the East Metro. The immediate trade area is anchored by more than 1.6M+ SF of retail, including The Shops at Grand River, Buc-ee’s, and Bass Pro Shops.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Rivi - a 144-unit, newly constructed (2024) Class A apartment community located in Foley, Alabama, the state’s fastest-growing city. Currently 93% leased, The Rivi has demonstrated a strong lease-up performance, averaging 17 move-ins per month during peak leasing season. The property features high-quality construction, modern interior finishes, attractive exterior design, and a robust amenity package that continues to drive strong renter demand. Offered at a compelling basis significantly below replacement cost,

The Rivi provides an exceptional opportunity for investors to acquire a stabilized, institutional-quality asset with upside potential.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Magnolia Preserve, a best-in-class, 173-unit apartment community in Dothan, AL. Located in the most affluent neighborhood of Dothan ($84K Avg. HHI within one mile), and in a submarket with constrained Class A supply, the next investor of this asset is positioned for sustained rental demand from a high-quality renter pool seeking Class A-style living. Magnolia Preserve represents the premier luxury community in Dothan, located at the heart of the city’s primary retail corridor (3M+ SF total retail). Boasting large unit sizes and thoughtfully curated amenities, this asset represents a quality physical plant and is offered at a compelling basis below replacement cost.

Magnolia Preserve arrives to market 97% physically occupied with outstanding historical occupancy, rental, and overall collections trends. The next investor will acquire a cash-flowing asset on day one of ownership with additional runway to grow NOI by $81K+ via rounding out the in-place renovations on the remaining 41 classic units (23% ROI).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 150 Summit, a 640-unit, 1994/1997-built apartment community located in the premier Hwy 280 corridor of the Birmingham MSA. 150 Summit is situated at the suburban epicenter of Birmingham, a sought-after location near The Summit, US-280, and the state’s top ranked suburbs. The Summit serves as Birmingham’s premier retail destination with over 1 million square feet of upscale shops and dining, and this location offers market-best connectivity to Downtown, Hoover, and US-280.

Additionally, the community’s adjacent submarkets of Cahaba Heights and Vestavia Hills have seen impressive growth, with 33%+ rent growth over the last 5 years. Further driving demand is the high barriers to entry due to local government’s restrictions on multifamily. With $5M+ in renovations in the past decade, including new roofs in 2018, 150 Summit is primed for long-term value and sustained performance.