Cushman & Wakefield is pleased to present the exclusive listing of 1801 Assembly, a fully entitled 113-unit mixed-use tax credit eligible adaptive reuse opportunity in the heart of downtown Columbia, South Carolina. The former federal building, located on the highest point in Columbia and embedded within the highly amenitized redevelopment district of downtown, offers residents walkability to hundreds of restaurants, retail, and entertainment options, including across the street Finlay Park, currently undergoing a $24.1M rehabilitation. The surrounding area also boasts seamless connectivity to the state capital’s largest employers, providing 145k+ jobs within a 15-minute drive.

Unused for over 5 years, the building qualifies for Abandoned Building Tax Credits, along with its age and significance qualifying for the Historic Building Tax Credits and Bailey Bill Tax Abatements. Current ownership has laid significant groundwork for the project, including detailed site plans and renderings and complete asbestos remediation, offering the next buyer an accelerated development timeline relative to comparable adaptive reuse opportunities. 1801 Assembly represents a unique adaptive reuse development opportunity in one of the most desirable locations in Columbia. The project is fully entitled and abated, allowing a buyer to close in Q3 of 2024 and deliver units roughly a year later in Q3-Q4 of 2025. Additionally, the tax credits allow for an investor to syndicate capital prior to construction, creating approximately ~$11.5MM in sources after land close.

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1801 Assembly St

113 Units

1801 Assembly St
Columbia, SC 29201

Posted: 7/17/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 330-unit, 200 East apartment community located in Durham, NC. This asset is situated in the rapidly expanding East Durham submarket. 200 East is located in one of the most sought-after geographies through the lens of investors and residents alike, just minutes from Research Triangle Park, the world renowned research campus, home to 300+ companies and Fortune 500 powerhouses. This rare opportunity provides investors access to an exceptional asset with a highly attractive tenant base, and the ability to achieve premiums of $151+ through an interior renovation initiative and operational efficiency, on an already high caliber performing asset.

200 Edinborough Drive
Durham, NC 27709

Posted: 7/23/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±3.30 Acre 4th & Shartel multifamily development site located in Downtown Oklahoma City, OK. Permits have been approved for the site, which is entitled for 246 units. The site is also located just minutes from the Central Business District (51,000+ jobs) and The University of Oklahoma Health Sciences Center (11,000+ employees), which have served as primary drivers to the revitalization of the area with projects such as Scissortail Park and the Streetcar. With steady rent demand and market-leading occupancy, the shovel-ready site with design and 100% of construction documents complete presents the rare opportunity to develop Class A apartments in the heart of Downtown Oklahoma City.

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4th & N Shartel

3.3 Acres

820 NW 4th St
Oklahoma City, OK 73102

Type: Land

Posted: 6/20/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 600 Station Square, a 48-unit apartment community located in Greensboro, NC. This brand-new boutique asset is situated in an extremely desirable Greensboro submarket, which is characterized by impressive quarterly effective rent growth, high barriers to entry (0 units being proposed and 1 under construction in the immediate area), and attractive demographics (over 63% white-collar workers). Spring Garden Street and West Wendover Avenue are adjacent to the property, allowing residents immediate access to the plethora of retail, dining, and entertainment the nearby area offers. The industries of manufacturing, healthcare, and education anchor the Greensboro economy, with top employers within minutes of the property. Having realized the appeal of the Triad’s economy, six major corporations have made plans to expand in/move to the area. Toyota, Cone Health, Amazon, Publix, Guerrilla, and Boom Supersonic will all be fully operational in the Triad by 2025. Built in 2022, 600 Station Square represents an exceptional opportunity to acquire a beautifully built asset and gain almost $31K in additional revenue by implementing other streams of income.

600 Coapman Street
Greensboro, NC 27407

Type: Multifamily

Posted: 11/3/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±16.33-acre Altitude at 41 Development Site in Nashville, TN. The offering is composed of three sections, with a total proposed multifamily unit count of ±400 apartments. These sections may be purchased together or considered for sale separately. Significant sitework has been completed for phase I of the project, giving the buyer an expedited opportunity to go vertical. Dickerson Pike is one of the hottest corridors in Nashville as of late, with developers from all over the country acquiring land and planning projects in the area. Much of this interest is due to the flourishing East Bank, where the new Nissan Stadium is under construction and Oracle has plans to build its River North Campus, just 10 minutes from the site. Nashville has been named the #1 real estate market in the country for real estate investment by the Urban Land Institute, and the Altitude at 41 Development Site presents an excellent opportunity to enter the market in a submarket with tremendous momentum.

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Altitude at 41

16.22 Acres

3465 Dickerson Pike
Nashville, TN 37207

Type: Land

Posted: 3/19/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 15.10-acre Brentwood Multifamily Development Site in Nashville, TN. The site is entitled by-right for multifamily and fully designed with permits in hand for 233 apartment units across six 4 and 4/5 split-story buildings. The majority of sitework has already been completed, giving the future developer a jump start on the project. Centrally located between highly desirable Nashville, Brentwood, Antioch, and Nolensville, future residents will enjoy easy commutes to these nearby employment and lifestyle centers. Within a 5-minute drive of the site are 2 Krogers, 2 Walmarts, 2 Walgreens, a Sprouts, a Publix, and more. The greater Nashville multifamily market is one of the hottest markets in the country, with average Class A rents expected to exceed $2K by the end of 2023. The Brentwood Multifamily Development Site presents a unique opportunity to promptly go vertical on a top-tier site in a premium suburban Nashville market.

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Brentwood Multifamily Development Site

15.1 Acres

101 Zermatt Avenue
Nashville, TN 37211

Type: Land

Posted: 10/4/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±14.98-acre Brunswick Villa & Townhome Site located in Brunswick, GA. The site is part of the large-scale Golden Isles Gateway Planned Development area intended to spur development and economic growth in the area. The shovel-ready site is zoned and provisionally approved for 128 townhome & villa units. The Brunswick Villa & Townhome Site was planned for build-to-rent development, although it could also be an ideal site for multifamily or for sale homes. Nearby major employers include the Federal Law Enforcement Training Center, the Port of Brunswick, and Sea Island. The port is projected to become the #1 automobile port in the U.S. by 2026. A great public school system, solid demographic base, and rising home values & rental rates are supportive of a Class A development in this market. Only a 25 min drive to the public beach on St. Simons, the Brunswick Villa & Townhome Site benefits from easy and convenient access to all the retail, employment, and recreational hubs the Golden Isles has to offer.

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Under Contract

Brunswick Villas & Townhomes

14.98 Acres

275 Harry Driggers Blvd
Brunswick, GA 31525

Type: Land

Posted: 7/22/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Brynn Marr Village apartment community located in Jacksonville, NC. This asset, situated in the high-demand Jacksonville market, benefits from its proximity to Camp Lejeune, the largest Marine base in the United States. Built in 1973, Brynn Marr Village offers an outstanding opportunity to invest in a prime location relative to the top Jacksonville retail, largest employers, and within just a short drive to the state’s most popular beaches. Investors can complete the proven value-add program at Brynn Marr Village and increase NOI by over 27%.

301 Village Drive
Jacksonville, NC 28546

Posted: 5/29/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±49.56-acre Chisholm Creek Development Site in Oklahoma City, Oklahoma. The property’s flexible zoning allows for high-density multifamily, high-density single family, retail, & mixed-use development. The site is just south of John Kilpatrick Turnpike and the area’s premier retail and entertainment district, Chisholm Creek. Running along the John Kilpatrick Turnpike, the Memorial Road corridor is home to some of the city’s most dynamic and sought-after retailers, as well as top employers. The multifamily market in Oklahoma City is strong, with an average of 3% rent growth projected 2024-2028 and backed by affluent demographics. The Chisholm Creek Development Site presents an exciting opportunity to embark on a dynamic mixed-use project with dense multifamily in one of the hottest areas of the city.

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Chisholm Creek Development Site

49.56 Acres

13001 N Western Ave
Oklahoma City, OK 73114

Posted: 3/22/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±21-acre Countess Villa & Townhome Site located in Huntsville, AL. A 129-unit build-to-rent project is proposed for the site, but at over 20 acres, it could also be an exceptional multifamily site. Zoning allows for up to 328 units. The site is located only 10 minutes north of Downtown Huntsville and 10 minutes east of the North Huntsville Industrial Park (Toyota & Meta). The Huntsville Northern Bypass project is in progress just south of the site and will be the future loop roadway encircling the city. Over the next four years, the Huntsville rental market is forecasted to average solid annual rent increases of 2.9%. Average household incomes surrounding the site surpass $100K. The Countess Villa & Townhome Site presents an excellent opportunity to develop a Class A build-to-rent or multifamily project in one of the top job markets in the country.

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Countess Villa & Townhome Site

21 Acres

181 Countess Rd NE
Huntsville, AL 35810

Posted: 8/8/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Summerlyn Place located in Burlington, NC, and the 80-unit Crescent Oaks located in Graham, NC. The assets are situated in the rapidly growing Burlington submarket, which ranks #1 among Triad submarkets for average occupancy, highest rents, quarterly occupancy increase, and quarterly rent growth. The assets are ideally located in the rapidly growing Carolina Core, where thousands of new jobs are being added annually. Through the completion of the in-place value-add program at Summerlyn Place and Crescent Oaks, incoming investors have the outstanding opportunity to increase annual revenue by at least 28%+ over 3 years.

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Summerlyn Place & Crescent Oaks (2 properties, 220 units)

Crescent Oaks

80 Units

130 West Crescent Square Drive
Graham, NC 27253

Posted: 10/11/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±35.7-acre Eden Village Development Site located in Denton, TX (Dallas-Fort Worth metroplex). The exceptionally located residential site lends itself well to both build-to-rent and for sale development, as evidenced by high rental rates and home values in the area. Both uses are permitted by zoning. The site will be delivered with finished lots ready for vertical construction, with the majority of the sitework already complete. Denton, 45 min from downtown Fort Worth & 1 hr from downtown Dallas, is a unique and culturally rich university town with a historic downtown that has seen an explosion in development and employment opportunities in recent years. The Eden Village Development Site benefits from strong fundamentals in a growing North Texas market and is an excellent opportunity to assume an expedited development timeline.

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Under Contract

Eden Village Development Site

35.7 Acres

201 N Loop 288
Denton, TX 76209

Type: Land

Posted: 7/22/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 99-unit North Chase apartment community located in Wilmington, NC. This asset is situated in a highly sought after pocket of Wilmington, which is characterized by a growing population, rising home values, and exceptional universities. The immediate area surrounding the property is comprised of college educated renters (34%) that are 58% white-collar and average +$72K in median household income. Residents of North Chase have instant access to the New Centre Market & University Centre retail corridor , which provides a plethora of retail, entertainment, and lifestyle amenities just a short drive from the asset. The fruitful industries of manufacturing, technology, and banking ground the Wilmington economy, which is experiencing a major economic boom as economic drivers continue to announce plans to move to/expand in the area. Current ownership has invested over $1.5M in capital expenditures since 2018, and have an in place renovation program that yields $125+ premiums over classic units.

3119 Enterprise Drive
Wilmington, NC 28405

Type: Multifamily

Posted: 8/21/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±25-acre Overlook at Mossy Oaks Development Site in Beaufort County, SC. Located on the border of Port Royal and Beaufort, two of the Low Country’s premier coastal communities, the site is entitled by-right for medium density residential development. Walking distance to a grocery store and only a 10-min drive away from Port Royal’s public beach, the site is conveniently situated to offer future residents a laid-back lifestyle and convenient access to necessities. South Carolina’s Low Country has experienced some of the country’s most impressive population growth, increasing demand in a housing market lagging in supply. With marsh/river views and potential for direct water access by way of a marina, Overlook at Mossy Oaks is ideally suited for luxury housing development.

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Overlook at Mossy Oaks

Offers Due: Thursday, January 16, 2025

25 Acres

71 Johnny Morral Cir
Port Royal, SC 29935

Type: Land

Posted: 11/15/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Peachtree Place, a 200-unit apartment community located in the capital city of Columbia, South Carolina. Known for its resilient economy, Columbia provides opportunities in government, healthcare, and education, making it an appealing environment for multifamily investments. Peachtree Place benefits from its strategic positioning near I-20 and I-26, ensuring residents easy access to downtown Columbia, major retail centers like the Harbison Corridor with over 3 million square feet of retail space, and grade A Lexington-Richland School District 5. The area features strong demographics with 65% of residents pursuing higher education and a 64% white-collar workforce. Built in 1972, Peachtree Place offers an attractive opportunity for new ownership to complete the in-place, proven value-add program ($310+ avg. premiums), to bridge the gap to submarket competitors.

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Peachtree Place

200 Units

200 Berryhill Road
Columbia, SC 29210

Type: Multifamily

Posted: 7/23/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 25-acre, Peters Tract development opportunity located in Aiken, South Carolina. Situated adjacent to Aiken Elementary School, Peters Tract is approved for a 275-unit apartment community giving developers the chance to contribute to a 59-acre PUD. The land is positioned near the redevelopment of Aiken Mall, which will transition to a live, shop, play district that will spur future development in the coming years as new residents flock to the area. The submarket is attracting a stronger demographic base more than ever, with average household income of $93.9K, 70% White Collar Workforce, and 46% of residents hold a bachelor’s degree or higher within a 3-mile radius. Rental rates have surged over the past 5 years, realizing a 27% uptick. Peters Tract is poised to reward developers on a continued path of growth as vacancies trend downward and rental rates surge during the massive migration to the Sunbelt region.

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Peters Tract Multifamily Development Site

24.78 Acres

Rinehart Way
Aiken, SC 29803

Type: Land

Posted: 9/6/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±297.9-acre Reveille Master Planned Community located in Braselton, GA. Reveille will offer a blend of residential options, including townhomes, single-family homes of various lot sizes, and cottage homes. About ±90.5 acres of the site are envisioned for commercial uses, including grocers, home improvement stores, attractive fast-casual dining outparcels, medical office, self-storage, and more. The design of the community is influenced by New Urbanism principles, with an emphasis on walkable neighborhoods with green spaces and a live-work-play environment. Reveille is located just north of the renowned Chateau Elan, a luxury 3,500-acre resort featuring a world-class winery, golf courses, tennis courts, a spa, and multiple dining options. Hall County’s School District boasts high-performing K-12 public schools all within a 5-mile drive of Reveille. The highly trafficked I-85 North Corridor has seen an explosion in industrial development, attracting notable companies and employers to the region. The Reveille Master Planned Community presents an enthralling placemaking development opportunity 45 miles northeast of Atlanta.

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Under LOI

Reveille Master Planned Community

297.9 Acres

5601 Old Winder Hwy
Braselton, GA 30517

Type: Land

Posted: 5/13/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is delighted to introduce the exclusive listing of Signal Hill, a 122-unit community situated in Statesville, NC. This property enjoys immediate access to both interstate I-77 and I-40, positioning it strategically amidst three thriving economic centers: Charlotte, Winston Salem, and Greensboro. Nestled within the Mooresville/Statesville submarket, Signal Hill provides convenient proximity to major retailers, an emerging historic Downtown area, and upcoming economic development. Built in 1974, Signal Hill arrives to the market primed for new ownership to implement an attractive value-add campaign. With $150+ rental premiums, the property possesses the potential for organic growth and an additional 16% increase in Net Rental Income over the T12.

138 Signal Hill Drive
Statesville, NC 28625

Type: Multifamily

Posted: 10/5/2023

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Summerlyn Place & Crescent Oaks (2 properties, 220 units)

Summerlyn Place

140 Units

750 Boone Station Drive
Burlington, NC 27215

Type: Multifamily

Posted: 10/11/2024

The Cushman & Wakefield Land Advisory Group is pleased to present The Coves at Lake Wylie, the last remaining large scale development opportunity within The Palisades master planned development. The site will be delivered at closing fully permitted for a 499-lot lakefront residential community, with approval of the Land Disturbance Permit (LDP) expected in Q3 of 2024.

Key Features Include:

Meticulously designed with a diverse product mix: 167 (50’) lots, 188 (40’) lots, 10 lakefront lots, 134 (24’ & 26’) townhome lots, and the opportunity to build an unmatched 3-acre lakefront amenity
Mitigated offsite improvements
The Palisades offers a wider range of amenities than any other neighborhood in Charlotte, as residents have access to a Jack Nicklaus designed golf course, sports complex, equestrian center, and more, all while being on the second largest lake in the Charlotte area
Convenient access to top schools, national retailers, grocers, fast-casual, & local favorite restaurants, all while only a 30-minute drive to Charlotte’s city center

The Coves at Lake Wylie is truly a unique homebuilding opportunity and one of the last of its scale still available in this explosive-growth city.

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Under LOI

The Coves at Lake Wylie

129.67 Acres

17440 Landover Rd
Charlotte, NC 27705

Posted: 6/5/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fairways and The Paddock Club, a premier 576-unit multifamily portfolio in Columbia, SC. These properties are ideally located with easy access to major employment centers and lifestyle amenities, offering residents a convenient commute to Columbia’s top 28 employers within a 30 minute drive. The surrounding area features strong market fundamentals, including favorable demographics, a limited supply pipeline, and projected rent growth of 20% through 2029.

Built in 1992 and 1989/1996, both assets offer new ownership the unique opportunity to acquire institutionally owned and consistently well-maintained assets that have been held for over 30 years. With a market-supported value-add program, the portfolio is well-positioned to capitalize on significant upside potential, achieving $285-$400 premiums by bridging the rental gap with market competitors.

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Under Contract

The Fairways & The Paddock Club (2 properties, 576 units)

The Fairways

240 Units

350 Powell Road
Columbia, SC 29203

Type: Multifamily

Posted: 10/11/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Kelston, a 310-unit apartment community located in Charlotte, NC. The asset is conveniently situated within a short 10–20-minute drive to Charlotte’s most prominent employers and amenities. The property benefits from its unparalleled access to the proposed LYNX Silver Line light rail and the Eastland Mall redevelopment site which is expected to deliver through Fall 2024 to end of 2025. Built in 1986, The Kelston represents an outstanding opportunity to invest in the rapidly expanding East Charlotte submarket with a highly desirable demographic pool of sizable average household incomes ($60K), young renter base (33 avg age), and continuous market rent growth. Upon completion of the value-add program, new ownership has the opportunity to renovate units to a Class A level and further bridge the gap between the property and top comparable product ($300+ rental headroom).

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Under Contract

The Kelston