The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ardmore at Bryton, a premier 288-unit multifamily community located in the heart of Huntersville, NC. Built in 2022, this Class-A asset is strategically located alongside the I-485 and I-77 interchange, the crossroads of Charlotte’s industrial hub, providing residents with a 15-minute commute to Uptown (100k+ jobs) and University City (80k jobs), with access to 212k+ jobs within a 20-minute drive. The immediate area surrounding the property is characterized by robust long-term fundamentals, including Huntersville’s impressive population growth, affluent demographics ($127K+ avg. HHI), 23M+ SF of industrial space, and top-tier retail.

Ardmore at Bryton has also continued to experience positive leasing momentum, despite construction delays, with 28 move-ins in May alone. Featuring outsized floorplans, the property currently trails top submarket competitors by $150+, ideally positioning the property to secure significant rental gains through capitalizing upon second generation leasing. Incoming ownership is presented a rare opportunity to invest in one of Charlotte’s most sought-after pockets, offering immediate upside and exceptional long-term growth fundamentals.

...

Sold

Ardmore at Bryton

288 Units

13035 Ardmore Forest Rd
Huntersville, NC 28078

Closed: 11/15/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 146-unit Vivo Port Royal apartment community located in rapidly growing Port Royal, SC. Bounded by the resilient industries of medical, military, and tourism, Vivo Port Royal sits less than two miles from Beaufort’s two major hospitals, the Naval Hospital Beaufort (1.5k+ jobs) and Beaufort Memorial Hospital (1.3k+ jobs). Residents at Vivo Port Royal are set to benefit from the fruitful surrounding demographics with avg. household incomes to increase 11% and eclipse $100k by 2027, a dominant white-collar workforce (62%), and a dwindling multifamily pipeline. Built in 1986 and renovated in 2022, Vivo Port Royal arrives to the market with a recent capital infusion of over $6M, including both interior and exterior renovations. Through the implementation of a Value-Add 2.0 enhancement, new ownership has the opportunity to further improve unit interiors to be able to push rents ~$215 and help bridge the rent delta to submarket competitors.

1660 Ribaut Road
Port Royal, SC 29935

Closed: 10/9/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 166-unit apartment community, Madison New Riverside, located in Bluffton, Beaufort County, South Carolina. This asset is situated in the New Riverside master planned community, a brand new walkable area in West Bluffton providing immediate access to top retail corridors and nationally renowned resorts. Built in 2024, Madison New Riverside represents a rare opportunity to invest in a true lifestyle community in a premier location with top schools, demographics, and exceptional leasing fundamentals. Madison New Riverside has proven market demand, averaging 16 leases per month, since February 2024, while increasing average rents $80+ in the same time frame.

...

Sold

Madison New Riverside

166 Units

205 Forest Trce
Bluffton, SC 29910

Closed: 9/24/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Cedar Ridge (104 Units, 1973 Build) & Greenview Meadows (109 Units, 1972 Build) located in the thriving Charlotte submarket of Gastonia. The assets are in close proximity to Gastonia’s revitalized downtown, which has experienced a resurgence due to significant investments in the FUSE District and overall corporate investment in the area. Cedar Ridge & Greenview Meadows presents a remarkable investment opportunity in the expanding Gastonia submarket, where yearly rent growth is expected to exceed 4% and average occupancy rates to remain above 95% through 2029. Offered together or separately, Cedar Ridge & Greenview Meadows provides substantial upside potential through assumable debt and continuation of the proven value add programs where renovated units are achieving $100-$236 over classic units. This offering provides investors the blueprint to continue to close the rental gap to the top of the market.

...

Sold

Cedar Ridge & Greenview Meadows (2 properties, 213 units)

Greenview Meadows

109 Units

1659 Greenview Drive
Gastonia, NC 28052

Cedar Ridge & Greenview Meadows (2 properties, 213 units)

Cedar Ridge

104 Units

1680 Lynhaven Drive
Gastonia, NC 28052

Type: Multifamily

Closed: 8/14/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 19.98-acre Crosspointe Multifamily Development Site in Columbia, SC. The site allows for the by-right development of 336 proposed apartment units within the 400-acre mixed-use Killian’s Crossing development. Permits are ready to be pulled for this shovel-ready multifamily site, and there is even 50% property tax abatement for up to ten years and $7.5M through a coveted public infrastructure agreement. Future residents will enjoy Crosspointe’s walkability to Kroger Marketplace as well as many other fast-casual and nationally recognized dining options. The area’s excellent K-12 public schools can all be reached within about a 4-mile drive. Located just off I-77, the site has convenient access to all the area’s employment hubs, including the future site of Scout Motors’ $2B manufacturing plant, which will employ 4,000. The Killian multifamily submarket of Columbia is well served by favorable demographics and rent trends, while greater Columbia is experiencing a diversified economic boom. The Crosspointe Multifamily Development Site presents an enticing, shovel-ready opportunity to break into a State Capital market on the rise.

...

Sold

Crosspointe Multifamily Development Site

19.98 Acres

Killian Road
Columbia, SC 29203

Type: Land

Closed: 8/7/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 194-unit Park Square and Townhomes @ Spartanburg, which can be acquired together or separately. Positioned less than a mile apart, the assets’ proximity to each other allows for portfolio synergy of shared operations in Spartanburg, SC. Each property directly benefits from the Upstate’s burgeoning economic growth, which has experienced over $5B in capital investments since 2022. Residents are provided streamlined access to the MSA’s top employers, including industry anchors BMW Plant Spartanburg, Inland Port Greer, and the Michelin Manufacturing Plant via I-26 and I-85. The surrounding area boasts impeccable market metrics, including above average rent growth (30%), rising home values (52% growth), and positive demographics ($64K HHI), in addition to top notch retail, including WestGate Mall, Market Square, and The Dorman Centre. Built in 1968 and 1974, both properties arrive to the market with a rare opportunity to implement Class-A finish levels and achieve $150 premiums, setting the communities in line with market comparables.

...

Sold

Park Square & Townhomes at Spartanburg (2 properties, 194 units)

Park Square

96 Units

1480 W.O. Ezell Boulevard
Spartanburg, SC 29301

Park Square & Townhomes at Spartanburg (2 properties, 194 units)

Townhomes @ Spartanburg

98 Units

201 East Blackstock Road
Spartanburg, SC 29301

Type: Multifamily

Closed: 8/2/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 747-unit Spartanburg Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in one of South Carolina’s most admired cities. The highly sought-after submarkets are characterized by globally recognized employers, top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. Immediate areas surrounding the properties boast high average household incomes, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in this booming pocket of Upstate South Carolina. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in a high growth Southeastern market. Built from 1972-1986, the portfolio arrives to the market primed for a Class-A value-add campaign projecting average premiums of $200-$250.

...

Sold

Spartanburg 5 Portfolio (5 properties, 747 units)

Hidden Park

100 Units

320 Spruce Street
Spartanburg, SC 29303

Type: Multifamily

Closed: 7/17/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Mauldin Heights & Parkview, a premier 130-unit apartment portfolio located in a bustling Mauldin, SC market. Both properties are situated downtown in an area experiencing rapid economic growth through the extension of the Swamp Rabbit Trail, downtown Mauldin’s City Center redevelopment and the new town center of BridgeWay Station. The Mauldin submarket continues to prove out its heightened multifamily desirability. Centrally located, the portfolio offers residents direct access via I-85 and I-385 to several Greenville County’s largest employers with over 135k jobs within a 20-minute drive and top retail centers like the Woodruff Road retail corridor, Mauldin Square, and downtown Greenville. Built in 1971 & 1974, each asset offers an exceptional opportunity to acquire a primed for value-add portfolio in an affluent and high growth Southeastern market.

...

Sold

Mauldin Heights & Parkview (2 properties, 130 units)

Mauldin Heights

80 Units

901 Main Street, North #87
Mauldin, SC 29662

Mauldin Heights & Parkview (2 properties, 130 units)

Parkview

50 Units

10 Moore Street, #55
Mauldin, SC 29662

Spartanburg 5 Portfolio (5 properties, 747 units)

Pine Lake Village

100 Units

180 South Pine Lake Road
Spartanburg, SC 29306

Spartanburg 5 Portfolio (5 properties, 747 units)

Quail Pointe

100 Units

460 East Blackstock Road
Spartanburg, SC 29301

Spartanburg 5 Portfolio (5 properties, 747 units)

Southern Pines

352 Units

350 Bryant Road
Spartanburg, SC 29303

Spartanburg 5 Portfolio (5 properties, 747 units)

Willow Lakes

95 Units

2900 Reidville Road
Spartanburg, SC 29301

Type: Multifamily

Closed: 7/17/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Park Ridge, a 122-unit Build-to-Rent townhome community in Myrtle Beach, SC on a forward sale transaction. The property is strategically located in the nation’s fastest growing city, boasting 32% population growth since 2011. Situated in the market’s primary recreation node, Park Ridge offers unbeatable access to the area’s top retail and entertainment, including the 162-acre North Myrtle Beach Sports Complex and the east coast’s largest wake park next-door. Myrtle Beach’s rapidly expanding millennial and boomer demographic bases highlight the submarket’s unique ability to support unprecedented growth within the Build-to-Rent space, as skyrocketing home-ownership costs and limited supply continue to price prospective home-buyers out of the market. Delivering in 2023, the Class-A community will feature best-in-class finishes and amenities, appealing to the area’s established tenant base who desire the conveniences of single-family living without the burdens and increasing financing costs of ownership. Market comparables and submarket projections outline the property’s vast rent potential (almost $2,400 at first CO), and highlight incoming ownership’s opportunity to acquire a differentiated, high-quality asset at an extremely attractive basis.

Champions Blvd
Myrtle Beach, SC 29577

Closed: 7/9/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the W Flats apartments, a 247-unit apartment community located in Charlotte, NC. The asset is conveniently situated a short 10-20 minute drive to Charlotte’s most prominent employers and amenities, with upcoming access to the proposed LYNX Silver Line light rail, The Pearl Medical Center, and the Eastland Mall redevelopment site. Built in 1986, W Flats represents an outstanding opportunity to invest in the rapidly transforming East Charlotte submarket with a highly desirable demographic pool of sizeable average household incomes, educated residents, and continuous market rent growth. With all 247 units previously renovated and nearly $2.7 million invested since 2015, the property possesses potential additional growth opportunities to close the gap between comparable properties in the submarket, supported by a $345+ rent headroom.

7200 Wallace Road
Charlotte, NC 28212

Type: Multifamily

Closed: 6/28/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Colonial Village, a 314-unit apartment community located in the growing Charlotte submarket of Lincoln County. Located in the heart of Lincolnton, residents enjoy easy access to big box retailers, an excess of dining options, and employers surrounding the area. Constructed in 1985, Colonial Village offers an outstanding opportunity to invest in the high barrier to entry Lincoln County submarket where home values have continued to rise and price residents out of home ownership. With only one renovated unit, Colonial Village offers substantial upside potential through the completion of a market driven interior upgrade program, offering new ownership the opportunity to capture $190+ rental premiums.

112 Colonial Village Drive
Lincolnton, NC 28092

Type: Multifamily

Closed: 6/27/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 192-unit South Pointe at Wayside apartment community located in Raeford, North Carolina. Built in 2023, this newly constructed asset grants residents access to top-of-the-market amenities and Class A finishes designed to cater to the predominant white-collar workforce in the area (60%). Ideally located with direct access to Fort Liberty’s 67,000+ job opportunities and additional 9,000+ jobs within the premier Healthcare Corridor, the property is strategically positioned near the region’s top employers and retail options. South Pointe at Wayside offers new ownership the chance to invest in a high-performing asset that has showcased an impressive lease-up performance, averaging 17 move-ins per month from March to January. Surrounded by a limited supply pipeline coupled with an anticipated 6,000 new residents by 2027 and proven rent growth of 25.4% since 2021, new investors have an extraordinary opportunity to capitalize on the property’s future growth as it enters its second generation of leasing.

...

Sold

South Pointe at Wayside

192 Units

1002 South Pointe Drive
Raeford, NC 28376

Type: Multifamily

Closed: 6/21/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 64-unit Millbrook Apartments community located in Greensboro, NC. This asset is situated in South Greensboro submarket just off of the amenity rich Wendover Avenue, a major retail corridor in Greensboro which contains numerous big box brands within a five-minute drive of the property. The property is also within close proximity to the recently completed 840 urban loop which traverses the entire Greensboro MSA and provides direct access to some of the area’s top employers. Built in 1993, Millbrook offers an outstanding opportunity to invest in a quality asset with high growth potential through both organic rent growth and value-add potential. Through an interior value-add program supported by nearby comparables, incoming investors can increase NOI by a staggering 44%+.

1101 East Barton Street
Greensboro, NC 27407

Type: Multifamily

Closed: 5/10/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove at St. Andrews and Greenwood at Ashley River, two apartment communities totaling 902 units, which can be acquired together or individually. The two assets are situated in two of South Carolina’s most admired cities, Columbia and Charleston. The highly sought-after Dutch Fork and North Charleston submarkets are characterized by top-tier retail and sit in close proximity to some of the area’s largest economic drivers with over 115k jobs within a 20-minute drive from each property. The immediate areas surrounding the properties boast high HHI growth, majority white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets.

The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($5.3M+). Built from 1974-1984, the properties arrive to market with attractive loan assumptions offering interest rates well below current capital market levels and are primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $170+, and yield additional revenue for years to come.

...

Sold

The Grove at St. Andrews & Greenwood at Ashley River (2 properties, 902 units)

Greenwood at Ashley River

280 Units

6520 Dorchester Road
North Charleston, SC 29418

Type: Multifamily

Closed: 4/30/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 20.42-acre Parkside Multifamily Development Site in Port Wentworth, GA. Zoned and entitled by-right for multifamily, current plans call for 235 multifamily apartment units to be built on the site. Building permits are already in hand for the site, which will be just down the road from Port Wentworth’s new $30 million, 150-acre Recreation Park. The site is less than 2.5 miles from a Publix. It is also notably 4 miles from Georgia Tech Savannah and 7.5 miles from the Savannah/Hilton Head International Airport. Port Wentworth, nicknamed Savannah’s Front Porch, has witnessed an explosion in population, more than doubling in size between the last two US Censuses. The city has benefited from Savannah’s port and industrial expansion and boasts a strong job market. Chatham County’s Class A multifamily market has surged, and average rents are expected to exceed $2,000 in 2023. The Parkside Multifamily Development Site presents an enticing, shovel-ready opportunity to break into a booming multifamily market with scale.

...

Sold

Parkside Development Highway 30 Land