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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 207-unit, 1800 Ashley West. The property, built in 1980, is located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing (8,200 jobs), Joint Base Charleston (36,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). The recent adoption of “Plan West Ashley”, a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. 1800 Ashley West, offers new ownership to have the opportunity to complete the in-place value-add programs to further boost NOI across the property by over $653k.
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Marketing
1800 Ashley West
207 Units
1800 William Kennerty Drive
West Ashley, SC  29407
Type: Conventional
Posted: 9/26/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the 312-unit, Ashley Grove. The property, built in 1968 and 1973, is located in the heart of West Ashley, one of Charleston’s fastest growing submarkets, just minutes from Downtown Charleston as well as other major employment centers including Boeing (8,200 jobs), Joint Base Charleston (36,000 jobs), the new Mercedes-Benz plant (1,300 jobs) and Volvo plant (2,000 jobs). The recent adoption of "Plan West Ashley", a master plan intended to spur economic development in the area through public-private partnership, will serve as a catalyst for growth in the submarket. Ashley Grove, offers new ownership to have the opportunity to complete the in-place value-add programs to further boost NOI across the property
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Under Contract
Ashley Grove
312 Units
1735 Ashley Hall Road
West Ashley, SC  29407
Type: Conventional
Posted: 7/9/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Bridford West apartment community in rapidly-expanding southwest Greensboro, NC. Built in three phases in 2013 and 2014, Bridford West offers a top-of-the-market features and amenities package rivaling other top assets in the market. The property is ideally located between I-73 and I-40, providing excellent connectivity and access to the area’s top employers and retail. With outstanding demographics and a high rent ceiling, the property is poised for sustained organic rent growth and is being offered at a significant discount to replacement cost, as well as comparable Class A trades in other Carolinas metros.
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Under Contract
Bridford West
264 Units
598 Eagle Road
Greensboro, NC  27407
Type: Conventional
Posted: 8/8/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 288-unit, Crescent Commons apartment community located in Fayetteville, NC. Built in two phases in 2002 and 2006, Crescent Commons offers a highly diverse unit mix with a significant discount to replacement cost as the property recently received a capital infusion of $750,000 in 2017. The property is positioned in walking distance to Fayetteville’s newest retail boom in the Skibo Road corridor, while situated 5.5 miles from the largest military installation in the world, Fort Bragg. The Fayetteville development pipeline is nearing stabilization as the market continues to absorb the delivery spike from 2012-2014, providing new ownership with the opportunity to capitalize on a value-add initiative to capture the rental gap and boost existing annual NOI by 29%.
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Marketing
Crescent Commons
Offers Due:  Wednesday, November 14, 2018
288 Units
812 Crescent Commons Way
Fayetteville, NC  28314
Posted: 10/17/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 344-unit, Edgewater on Lake Lynn apartment community. Outstanding demographic trends ($104,000 avg. HHI in 3-mile radius) and a top-tier school system are driving organic rent growth on new leases and supports a market proven value-add opportunity. Built in 1986, Edgewater on Lake Lynn is surrounded by new housing developments with pre-sold homes trading as high as $730,000. Residents can enjoy the scenic views of Lake Lynn Park and the Raleigh Greenway System, while sitting less than 3 miles from high-class retail centers and employment nodes. With new clubhouse plans complete, Edgewater on Lake Lynn is prepped for a value-add initiative provided by its scenic amenities, and significant exterior improvements including new roofs throughout the property.
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Marketing
Edgewater on Lake Lynn
344 Units
3230 Stream Side Road
Raleigh, NC  27613
Type: Conventional
Posted: 8/22/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 384-unit Enclave Blythewood apartment community located in the Columbia, SC MSA. Delivered in two phases (2008/15), Enclave Blythewood features high-quality design available significantly below replacement cost. Reinforced by favorable operations, the property is poised for a potential 50% NOI boost driven by a multi-faceted value-add program. Ideally located in North Richland County's affluent and rapidly expanding economic core, Enclave Blythewood is within two miles of 2,600 current jobs and 1,825 recent new jobs announced. Continued employment growth coupled with minimal supply positions Enclave Blythewood to enjoy the benefits of a tightening rental market.
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Under Contract
Enclave Blythewood
384 Units
2051-2 Blythewood Crossing Lane
Blythewood, SC  29016
Type: Conventional
Posted: 8/15/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 164-Unit, Fox Ridge Manor in Raleigh, NC. The property has experienced a surge in organic rent growth due to a recent $1 million capital infusion, including new roofs, paired with its position along the path of progress in Raleigh. Built in 1972, Fox Ridge Manor offers an additional 5.5 acres of excess land and is comprised of a unique set of 2BR and 3BR townhomes with market leading floorplan sizes, while the Southern Raleigh submarket has outpaced the broader metro in occupancy and rent growth. Fox Ridge Manor also offers new ownership the opportunity for an impactful 39% boost to NOI through multiple revenue streams including a recent water/sewer submetering program and a proven value add initiative.
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Marketing
Fox Ridge Manor
Offers Due:  Tuesday, November 20, 2018
164 Units
2200 Fox Ridge Manor Road
Raleigh, NC  27610
Posted: 10/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit, Hawk Ridge apartment community in Winston-Salem, NC. Built in 1998, the property offers new ownership significant income upside from completion of a proven unit interior renovation program, and potential for a market-supported second phase of upgrades to push rents. Firmly cemented in a top-tier school system and demographic region ($90,000 HHI 3-mile radius), Hawk Ridge offers seamless connectivity by way of I-40 and US-158 to the premier retail and major employers of Winston-Salem - a metro defined by continued growth and a dwindling unemployment rate.
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Marketing
Hawk Ridge
168 Units
400 Hawk Ridge Drive
Winston-Salem, NC  27103
Type: Conventional
Posted: 9/21/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of 300-unit Independence Place, located in Fayetteville, NC. The asset is located in a convenient location near the future I-295 expansion and the area’s largest employer, Fort Bragg, as well as other high quality employers and retail offerings. With positive supply-demand dynamics in the Fayetteville Class A Market, Independence Place will continue to enjoy high occupancy. Furthermore, the property’s excellent curb appeal and interior features offer an outstanding value-add framework and opportunity to boost NOI by over 19% through an optional interior upgrade program.
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Marketing
Independence Place - Fayetteville
300 Units
6445 Independence Place
Fayetteville, NC  28303
Posted: 4/10/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 15.04 acre land site located on the corner of Milton Road and Barrington Drive in Charlotte, NC. Firmly cemented in a solid demographic region, The Milton Road land site offers seamless connectivity to Charlotte’s largest job centers by way of NC-24 and the land is already zoned for multifamily development. With the Charlotte LYNX Blue Line transit system finished and more expansion underway, East Charlotte is expected to boom in development. Over 80% of the apartment complexes in this submarket are greater than 15 years in age, providing developers with an outstanding opportunity to capture first-class market share in the area.
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Marketing
Milton Road Land Site
   
Milton Road
Charlotte, NC
Type: Land
Posted: 8/9/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 34-unit NOMA Flats apartment community located in Columbia, SC. The asset is located in a strategic location near downtown in the historic Elmwood Park neighborhood, an area that has seen a surge in new development and businesses. The property offers walkability to numerous retail and restaurant offerings and is located in the Northeast Columbia submarket, which leads Columbia in effective rent growth and occupancy. With its location and upgraded interiors, NOMA Flats is poised to appeal to residents looking to live in a walkable area near downtown Columbia. Additionally, with limited comparable supply in the downtown area, the asset presents a market-supported organic rent growth opportunity as leases expire and are brought up to market levels, offering 58% in NOI growth.
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Marketing
NOMA Flats
34 Units
2637 River Drive
Columbia, SC
Posted: 5/25/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 307-unit Riverwalk apartment community located in burgeoning Rock Hill, SC (Charlotte MSA). Embedded in the 1,008-acre, $600M master-planned development of Riverwalk along the banks of the Catawba River, the property boasts premier walkability to expanding retail and lifestyle amenities. Recently delivered in two phases (2016/2018), Riverwalk offers the rare opportunity to acquire a newly constructed asset below replacement cost, while imminent stabilization and a significant rent runway provide immediate income upside potential. In addition, Riverwalk is poised to benefit from a tightening rental environment, as minimal new supply coupled with rapid economic growth in York County's I-77 corridor will drive favorable fundamentals.
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Marketing
Riverwalk
307 Units
517 Pink Moon Drive
Rock Hill, SC  29730
Type: Conventional
Posted: 9/10/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Apartments at Shade Tree, a 248-unit apartment community located in Johns Island, South Carolina. The property is located in a fast-growing submarket with high visibility off major artery Maybank Highway, which is currently being transformed into four lanes, paving the way for future rental growth as the area continues to expand. With a high rent growth ceiling between the property and its competitors, as well as the immediate opportunity to implement water/sewer and valet trash charges at the property, the property offers tremendous rent and NOI growth upside. The property is being offered at a significant discount to recent nearby trades and replacement cost. With high barriers to new development throughout Charleston, the property is well-positioned to enjoy long-term rent growth and offers an outstanding return on investment.
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Under Contract
The Apartments at Shade Tree
248 Units
2030 Wildts Battery Boulevard
Johns Island, SC  29455
Type: Conventional
Posted: 6/27/2018