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Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Oak Enclave – a 420-unit, low-density midrise multifamily development in institutionally coveted Miami-Dade County. Oak Enclave was completed in 2022 and, through its exceptional market reception, is on pace to stabilize in early 2023. The Property sits on over 13 acres of land that presents an oasis like setting with uniquely rare green space and mature native canopy in new midrise construction. Oak Enclave was built with highly efficient well-appointed units that help allow rents to be attainable to a broader section of the professional population compared to competing luxury properties. Paired with the Property’s highway and Tri-Rail connectivity, which allow for shortened commutes to the region’s top employment centers, Oak Enclave represents an exceptional choice for renters that will become increasingly coveted as the Miami MSA continues to expand.
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Resia Oak Enclave
420 Units
2301 NW 167th Street
Miami Gardens, FL  33056
Closed: 12/30/2022
Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Solaire Coconut Creek, a 270-unit garden-style asset located in Coconut Creek, Florida. Originally built in 2014, Solaire Coconut Creek offers the opportunity for unit interior upgrades, new white cabinetry, new quartz countertops and tiled backsplash. Over the last few years, Solaire Coconut Creek has received an infusion of capital invested into the property including adding vinyl plank flooring to the bedrooms and living areas as well as completely renovating the clubhouse and leasing office. Solaire Coconut Creek is perfectly positioned to implement this renovation program and compete with the new product in the submarket.
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Solaire at Coconut Creek
270 Units
5401 Wiles Road
Coconut Creek, FL  33073
Closed: 12/21/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Core Link at Douglas (the “Property”) – a 312-unit, 22-story, FGBC Silver (pending) class-AAA highrise adjacent to the Douglas Road Metrorail station and Coral Gables’ esteemed Merrick Park neighborhood. A Phase II sister tower, the 421-unit Cascade will deliver in late summer 2022 and further enhance the master-planned living experience of residents with the addition a 22,000 square foot Milam’s Market on its ground floor.

Strategically positioned at the nexus of four mature and affluent neighborhoods, the Property’s highly desirable combination of high-rise Biscayne Bay views, asset quality, expansive amenities, walkability, and TOD access in this coveted submarket have attracted superb resident demographics with average household incomes near $250,000. Core Link at Douglas represents a rare opportunity to acquire a newly completed, transit-oriented, class-AAA high-rise in one of the highest barrier-to-entry and most affluent submarkets in Miami.
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CORE Link at Douglas
312 Units
3060 SW 37th Avenue
Miami, FL  33133
Closed: 12/6/2022
Cushman & Wakefield is pleased to present the opportunity to acquire Lake Cecile Townhomes, a 72- unit, concrete block townhome rent community located in Kissimmee, Florida (the “Property”). The Property was built between 2009 and 2014 and consists of nine buildings with oversized townhome layouts averaging 1,643 square feet totaling 36 three-bedroom and 36 four-bedroom units. The Property’s amenity set includes resort-style pool, clubhouse/leasing office, and basketball court, which is a rarity for boutique townhouse communities. Lake Cecile is available below replacement cost. The property offers immediate upside through eliminating 1) loss to lease and 2) value add improvements; Loss to Lease • In place rents are under market. The property has consistently operated at 100% occupancy due to the low rents. In place effective rents are $1,446 or $0.88 per square foot. Market rents are $1,800 for three bedroom and $2,000 for four bedroom townhomes with a blending market rent of $1,900 or $1.16 per square foot. There is over $454 per unit per month or $390k per year in loss-to-lease upside by moving rents to current market levels. Value Add • The property provides excellent value-add upside opportunity. Implementing a value-add program on the 72 units at an estimated cost of $10,000 per unit can provide $200 per unit in additional rental upside totaling over $170,000 in income upside.
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Lake Cecile TownHomes
72 Units
4750 Everglades Circle
Kissimmee, FL  34746
Closed: 10/31/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire BLUME (the “Property”) – a boutique, Class-AAA, 100-apartment high-rise community located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2019 and owned by 37 Gables Property LLC, an affiliate of Greystone, the Property has large floorplans - almost 900 square feet - with a mix of lofts, one-, and two-bedroom units, along with 6,191 square feet of ground floor retail.

The Property provides an exceptional location with proximity to jobs, dining, and nightlife within downtown Coral Gables. Within a one-mile radius of the Property there is 8.9 million square feet of office space. Blume is offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high-rise apartment community with a unique boutique feel, only moments from the center of its most affluent and economically robust city.

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Blume Coral Gables
100 Units
1501 SW 37th Avenue
Miami, FL  33145
Closed: 10/10/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire the 340-unit Blue Isle, located in Coconut Creek Florida. The property features a mid of one- and two-bedroom units spread across 21+ acres for a low-density site plan of only 16 units per acre. Over the past 10 years, Blue Isles has received an infusion of capital invested into the property including the full renovation of 21 units. With only 9% of the units renovated, the property is perfectly positioned to implement a significant renovation program on the remaining units and increase rents with premiums in excess of $300 per month.

Located in Central Broward, Blue Isle is uniquely positions with access to most of South Florida’s top employment markets. Residents are only minutes away from Florida’s Turnpike and I-95, providing quick commutes to major employment markets such as Boca Raton (17.7M SF), Cypress Creek (8.2M SF), Sunrise/Plantation (12.7M SF) and the Fort Lauderdale CBD (10.1M SF).
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Blue Isle
340 Units
5100 West Sample Road
Coconut Creek, FL  33073
Closed: 10/6/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present a value-add investment opportunity to acquire Heron Landing, a 144-unit community featuring 100% two-bedroom units. The property features an expansive average unit size of 1,053 square feet with a unique unit mix of all two-bedroom units. Built in 1988, the property is perfect positioned for new ownership to implement a significant value-add renovation program as well as an opportunity to enhance the unique amenity spaces.

Located at Pine Island Road & Commercial Boulevard, the property is perfectly situated just minutes from the Sawgrass Expressway, allowing for quick commutes to the other major thoroughfares throughout Broward. This will allow residents to easily commutes to the area's major employment centers including Sawgrass Corporate Park, Plantation, Cypress Creek, Boca Raton and Downtown Fort Lauderdale.
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Heron Landing
144 Units
5280 NW 88th Avenue
Sunrise, FL  33351
Type: Conventional
Closed: 9/16/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire Manor Broken Sound – South Florida’s premier 297 apartment home asset located in Boca Raton, Florida. The property is comprised of a six-story midrise and two-story villas with garages and has a combined average unit size of 1,118 square feet. Manor Broken Sound is centrally located in the heart of the Park at Broken Sound and provides immediate access to 8.8 million square feet of office and industrial , making it one of South Florida’s most dynamic live and work environments. The property opened in February 2022 and was developed by nationally recognized Related Group.
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Manor Broken Sound
297 Units
5400 Broken Sound Blvd NW
Boca Raton, FL  33487
Closed: 9/8/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present this landmark, LEED Silver, mixed-use development. This 1.2 million square-foot project provides a true live-work-play ecosystem by incorporating 495 luxury residential units with the prestigious Life Time (NYSE: LTH) athletic resort and co-working space along with renown onsite amenity retailers like Trader Joe’s and Graziano’s Restaurant and Market.

Dedicated to the pursuit of healthy living, the Life Time facility is over 90k square feet and includes a plethora of amenities such as a comprehensive fitness center, café, child care, and spa, along with health, nutrition, and fitness consulting. In addition, a 24k square-foot coworking space provides residents and members alike with a myriad of options from complete office spaces for small companies to shared desks and common areas for co-working and WFH uses. Current programming provides residents of the 495 luxury multifamily units with free membership to Life Time Athletic.

This one-of-a-kind project sits prominently on US-1 in world-renowned Coral Gables with excellent access to employment and walkability to the Shops at Merrick Park. Resident demographics are exceptionally strong with average household incomes of over $500,000. The property represents a rare opportunity for a large-scale mixed-use acquisition in one of the highest barrier-to-entry and most affluent submarkets in Miami.
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Life Time Coral Gables
495 Units
237 S Dixie Hwy
Coral Gables, FL  33133
Closed: 8/26/2022
Cushman and Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the recently completed Altis Miramar (320 apartment homes) and Altra Miramar (330 apartment homes). Both properties represent the newest resident experience in Miramar and feature thoughtfully crafted unit layouts with finish levels and amenities that set the market standard for best-in-class living. They are also walkable to a brand new 57,000 square foot retail center featuring, Starbucks, Five Guys, World of Beer and Pediatric Associates.

Altis Miramar features a 3-story design with direct access units and attached garages in 56% of the units while Altra Miramar is a 5-story design with 75 tuck under garages. Both assets feature a mix of one, two and three-bedroom residences with an average unit size of 1,059 square feet at Altis Miramar and 951 square feet at Altra Miramar.

The properties are located directly across the street from Miramar Park of Commerce which features over 5 million square feet of office. They are less than two minutes from the Florida Turnpike providing an easy commute to the surrounding employment nodes of Miami, Doral, Ft. Lauderdale, Plantation and Sawgrass Corporate Office Park. Altis Miramar and Altra Miramar are being offered to the market for the first time by it developer, nationally recognized Altman Companies.

THE PROPERTIES CAN BE PURCHASED INDIVIDUALLY OR TOGETHER.
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Altis Miramar & Altra Miramar (2 properties, 650 units)
Altis Miramar
320 Units
11385 SW 30th Court
Miramar, FL  33025
Closed: 7/29/2022