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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 3430 East apartment community, comprised of 104 units in Columbia, SC. Just off I-26 and less than a mile from the I-20 and I-26 interchange (140k+ daily traffic count), the property provides seamless connectivity to the state’s busiest highways, giving residents direct access to 96k+ jobs within a 15-minute drive. This asset is situated in the rapidly expanding, St. Andrews neighborhood, characterized by the steady employment industries of medical, education, and government, strong projected rent growth (20% through 2027), and a diminishing multifamily pipeline. Built in 1974, 3430 East arrives to market with a proven in-place value-add ($200+ avg. premiums), offering an outstanding opportunity to complete the current renovation program on the remaining units 67 units (64%) to command average premiums of $200+, aligning the property with top submarket competitors.
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3430 East
104 Units
3430 Kay Street
Columbia, SC  29210
Posted: 5/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 13.94-acre, Bluff Road development opportunity in Columbia, SC. Investors can jump at the opportunity for a high-density multifamily development zoned by- right for up 223 units. The current ownership has put together conceptual plans and drawings for 180 units. The site is located on the edge of Downtown Columbia, 1-mile south of USC’s Williams-Brice football stadium and centered on the path of growth to 13 of Richland County’s top 30 employers in Manufacturing and Distribution. Future developers will look to harness the 4,000 jobs within a 5-mile radius, as new and younger residents flock to the region. The East Columbia submarket has witnessed a 22% increase in rents since 2020 that show no sign of slowing with another 10% increase in rental rates projected over the next 2 years. With Bluff Road serving as a major artery from Downtown Columbia to top manufacturing employers, development is bound to fill in the breaks as the city continues to grow at an extreme level. Developers will want to get in early, as this opportunity is only one of few with entitlements and approvals already in place.
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Bluff Road Development Site
13.94 Acres
Blair Road and Bluff Road
Columbia, SC  29201
Type: Land
Posted: 4/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Cross Hill apartment community located in booming Columbia, SC. This asset is situated in the desirable Central Columbia area just over 3 miles from downtown Columbia, providing residents seamless connectivity to premier retail and top employment nodes. The property’s exceptional micro location boasts blue-chip demographics including high avg. HHI ($86k+), a dominant white-collar workforce (72%), and impressive projected rent growth (22% through 2026). In a sought-after pocket of Richland County, residents at Cross Hill enjoy walkability to over 255k SF of high-end retail in their own backyard including Whole Foods and Athleta, with Target, World Market, and Publix less than a mile away. Built in 1972, Cross Hill arrives to market meticulously maintained with a proven Class-A value-add campaign ($150+ avg. premiums) for investors to complete on all units to push rents $215+, aligning the asset with top submarket competitors.
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Cross Hill
184 Units
4427 Blossom Street
Columbia, SC  29205
Posted: 5/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 66-unit Eagleview Lenoir apartment community located in Lenoir, NC, in Caldwell County. This asset is situated by the region’s prominent thoroughfare, U.S. 321, which provides residents convenient access to local retail and leisure options, as well to larger metro areas. Eagleview Lenoir offers investors the opportunity to boost NOI by completing a renovation program for to all units and initiating a bill back program for property utilities to tenants (including submetering water and billback of electricity). With a limited delivery pipeline and vacancy hovering around record lows of 3.7%, this asset is primed to capitalize on this strong market that has achieved 10.2% rent growth YoY.
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Eagleview Lenoir
66 Units
405 Connelly Springs Dr SW
Lenoir, NC  28645
Posted: 4/7/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Element at East North, the 152-unit apartment community located in flourishing Greenville, SC. This asset is situated in a sought-after pocket of Greenville characterized by its young, affluent, and educated demographic base boasting high HHI’s ($84k+), white-collar workforce (64%), and exceptional projected rent growth (24% through 2026). The property is set to benefit from its desirable micro location surrounded by an abundance of high-end retail (Haywood Mall & Magnolia Point), Greenville County’s nationally ranked school district, and easy access to I-85 for residents to reach over 94k jobs within a 15-minute drive. Built in 1967, Element at East North arrives to market with a proven in-place value-add program that can be enhanced with Class-A finishes to command average premiums north of $250.
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Under Contract
Element at East North
152 Units
50 Glenwood Road
Greenville, SC  29615
Type: Conventional
Posted: 3/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 148-unit Granby Oaks apartment community located in bustling Columbia, SC. This asset is ideally situated near the 47-mile-long Congaree River and just a mile from downtown Columbia, providing residents easy access to the area’s foremost employment centers as well as many recreational activities. Granby Oaks’ exceptional location boasts impressive projected rent growth (21%), a majority white-collar workforce (58%), and a strong renter occupied population (67%). Located in a sought-after pocket of Lexington County, the property is surrounded by an abundance of entertainment options including the Parkland Plaza, an outdoor amphitheater, riverside activities, and the Cayce Riverwalk. Meticulously maintained during the course of ownership’s 30-year hold, Granby Oaks arrives to market a clean slate for investors to complete Class-A renovations on all units and push rents $275, aligning the asset with top submarket competitors.
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Under Contract
Granby Oaks
148 Units
800 State Street
West Columbia, SC  29169
Type: Conventional
Posted: 3/10/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 216-unit Heron Lake apartment community located in booming Columbia, SC. This asset is situated in the coveted East Columbia submarket known for its abundance of retail, dining, entertainment options, and direct access to Columbia’s largest employers through I-77 (105k+ jobs within 20 minutes). The immediate area surrounding the property boasts blue-chip demographics with a dominant white-collar workforce (67%), high avg. HHI’s ($87k+), and unparalleled rent growth (18% through 2026). Arriving to market 96% pre-leased, the property displays notable historical trends including an impressive 24% growth over the T12 NRI and recent leases signing $79 over the rent roll. Built in 2008, Heron Lake represents the incredible opportunity to invest in a Class-A product and implement a light value-add program to push rents $160+.
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Heron Lake
216 Units
1340 North Brickyard Road
Columbia, SC  29223
Type: Conventional
Posted: 5/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Lakes Edge, a 160-unit apartment community located in Greensboro, North Carolina. This asset is situated in the rapidly expanding West Greensboro submarket. Built in 1975, Lakes Edge represents an outstanding opportunity to invest in a proven value add opportunity. The 111 units that have already seen renovations are achieving on average $200 premiums over unrenovated units. Lakes Edge has $330 rent headroom to the average of comparable. The property is located just 2 miles from the Urban Loop, a 6-lane freeway carrying Interstates 73, 85, 841, and 421. This interstate will provide critical links to high growth areas around West Greensboro.
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Lakes Edge
160 Units
5644 W. Market Street
Greensboro, NC  27409
Type: Conventional
Posted: 3/28/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present Lumeo at Tryon Park, a newly built 314-unit apartment community in Charlotte, NC. The property is ideally located in the University City submarket, a booming employment center featuring 23 Fortune 500 companies, 11M SF of office space and more than 75k jobs. Lumeo benefits from both direct access to I-85 and walkability to the LYNX Blue Line, providing residents unmatched accessibility to Charlotte’s foremost employment centers and lifestyle amenities. Furthermore, the property is embedded in the University submarket’s primary retail and entertainment corridor, anchored by Topgolf. The thoughtfully designed asset features luxury finishes and top-of-the-line amenities, tailored to appeal to the area’s thriving millennial renter base. Impressive operating momentum and $300+ headroom to competitors highlight incoming ownership’s opportunity to capture dramatic organic rent growth as the property enters its second generation of leasing. Lumeo at Tryon Park represents an outstanding opportunity to acquire a Class-A property in an irreplaceable location, offering significant upside through a mark-to-market leasing strategy and bolstered by 16%+ forecasted rent growth.
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Lumeo at Tryon Park
314 Units
4011 Tryon Park Road
Charlotte, NC  28262
Type: Conventional
Posted: 4/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 24.96-acre, Maple Grove at Deep River Land development opportunity located in High Point, NC. Situated between three K-12 schools and over 500,000 SF of high-quality retail, this is an ideal site to develop a Class-A build-to-rent community as a desire has increased among renters for more space & suburban living. High Point is the top growth market in the Piedmont Triad, boasting 21% YoY rent growth and 3-mile, blue-chip demographics consisting of $99K average household Income, 49% of population with a bachelor’s degree or higher, 78% White Collar workforce, and dwindling unemployment rate. With submarket occupancy rates currently at 97%, minimal supply in the development pipeline, and a surplus of new residents moving to the region, the Maple Grove at Deep River Land site is poised for strong performance, once developed.
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Maple Grove at Deep River
24.96 Acres
2501 Willard Dairy Road
High Point, NC  27365
Type: Land
Posted: 5/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 76-unit Northlake Townhomes apartment community located in Charleston, SC. This asset is situated in the highly sought-after North Charleston submarket which is widely known for its favorable multifamily characteristics. Northlake Townhomes’ proximate location provides residents direct access to 4 of the area’s largest economic drivers within 5 miles including the Charleston International Airport, Boeing, Joint Base Charleston, and Bosch Automotive, boasting 107k+ jobs within a 20-minute drive. The immediate area surrounding the property boasts high average household incomes ($74k), a majority white collar population (60%), and an educated talent pool as 30% have obtained a bachelor’s degree or higher. Built in 1984, Northlake Townhomes arrives to market 95% occupied with the biggest floorplans of any competitor (1,266 avg. SF), along with extreme upside potential for a value-add 2.0 campaign to capture premiums north of $270 and bridge the rental gap between top market competitors.
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Under Contract
Northlake Townhomes
76 Units
4135 Bonaparte Drive
North Charleston, SC  29418
Posted: 3/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 24.36-acre Overlook at Intracoastal development opportunity in Santa Rosa Beach, Florida, nestled within the 6th fastest growing county in the country. This site offers one of the only potential multifamily land developments in South Walton, as the surrounding area comprises of nearly 20,000 acres of protected forest and park-lands, leaving developable land scarce to find. As population surges in the Walton County area, rental rates and developments are quick to follow with the immediate area realizing 24% rent growth YoY while over $1.5B in capital investments will be deployed in northwest Florida for economic and infrastructure enhancements. The submarket is attracting a stronger demographic base more than ever, with average household income of $118K that is poised to increase 8.6% by 2025, 73% White Collar Workforce, and 52% of residents hold a bachelor’s degree or higher within a 5-mile radius. This may be one of the last multifamily development opportunities within 10 minutes of the #1 ranked beach in the country (2020), Grayton Beach State Park.
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Under Contract
Overlook at Intracoastal Land Development
24.36 Acres
177 Apostles Way
Santa Rosa Beach, FL  32459
Type: Land
Posted: 8/30/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Seaside Grove at Carolina Forest and 216-unit Providence Park, which can be acquired together or individually. The properties are situated in two of South Carolina’s most admired cities, Myrtle Beach and Columbia. As the fastest growing city in the U.S., Myrtle Beach leads the surge of southern coastal migration posting 51% population growth since 2000, outpacing all other coastal markets. The capital city of Columbia also displays persistent growth through its primary employment sectors of medical, education, and government, with rents projected to rise 21% through 2027. Located in the Carolina Forest and East Columbia communities, residents at the properties enjoy direct access to top-tier retail, premier entertainment options, and seamless connectivity to major economic drivers. The immediate areas surrounding the properties boast high average HHIs ($75k+), dominant white-collar populations (65%), and impressive rent growth (21% avg.), representing the ideal time to own in these thriving pockets of South Carolina. New ownership can benefit from the tremendous upside of the portfolio advantage and implement a Class-A value-add campaign to push rents $430+ in three years, yielding additional revenue for years to come.
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Seaside Grove & Providence Park (2 properties, 528 units)
Providence Park
Offers Due:  Tuesday, June 28, 2022
216 Units
261 Business Park Boulevard
Columbia, SC  29203
Type: Conventional
Posted: 5/17/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Seaside Grove at Carolina Forest and 216-unit Providence Park, which can be acquired together or individually. The properties are situated in two of South Carolina’s most admired cities, Myrtle Beach and Columbia. As the fastest growing city in the U.S., Myrtle Beach leads the surge of southern coastal migration posting 51% population growth since 2000, outpacing all other coastal markets. The capital city of Columbia also displays persistent growth through its primary employment sectors of medical, education, and government, with rents projected to rise 21% through 2027. Located in the Carolina Forest and East Columbia communities, residents at the properties enjoy direct access to top-tier retail, premier entertainment options, and seamless connectivity to major economic drivers. The immediate areas surrounding the properties boast high average HHIs ($75k+), dominant white-collar populations (65%), and impressive rent growth (21% avg.), representing the ideal time to own in these thriving pockets of South Carolina. New ownership can benefit from the tremendous upside of the portfolio advantage and implement a Class-A value-add campaign to push rents $430+ in three years, yielding additional revenue for years to come.
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Seaside Grove & Providence Park (2 properties, 528 units)
Seaside Grove at Carolina Forest
Offers Due:  Tuesday, June 28, 2022
312 Units
101 Augusta Plantation Drive
Myrtle Beach, SC  29579
Type: Conventional
Posted: 5/17/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.39 acre, Build-to-Rent development opportunity located in the surging Simpsonville area of the Greenville MSA, SC only 20 minutes from Downtown Greenville, in the heart of the ‘Golden Strip’ area, one of the fastest growing regions in the Southeast. The entitled land is zoned by-right for 14 units per acre (117-unit maximum density), and significant due diligence has been completed for a site plan of 101 Build-to-Rent Townhome units, giving developers the flexibility to leverage the current template or implement their own plans. The Simpsonville BTR site is positioned in the southeastern submarket of the Greenville MSA, within one of the fastest growing and affluent markets in South Carolina, with 37% population growth in the last 10 years and $109,200 average HHI within a 1-mile radius of the site.
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Simpsonville BTR Development Site
Offers Due:  Wednesday, July 13, 2022
8.39 Acres
215 Stenhouse Rd
Simpsonville, SC  29680
Type: Land
Posted: 6/1/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Avenue, a 503-unit apartment community located in West Greensboro, North Carolina. With over 21% effective rent growth in 2021, the West Greensboro submarket is ranked #1 for annual effective rent growth, making it an extremely attractive area to invest. The immediate 2.5 mile radius around the asset has dozens of high end stores, restaurants, and entertainment options. Within 1 mile of The Avenue is I-840, which allows for easy connectivity to the plethora of employment drivers that the Triad has to offer. Cone Health, Toyota, Publix, Boom Supersonic, and Amazon have plans to expand in area, contributing to the major economic expansion that the Triad is currently experiencing. Built in 1972, The Avenue represents an outstanding opportunity to complete a proven, in place-value add program and boost NOI by 33%.
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The Avenue
503 Units
5939 W Friendly Ave
Greensboro, NC  27410
Type: Conventional
Posted: 3/8/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Grove, a 178-unit apartment community located in Raleigh, NC. This asset is situated in a thriving pocket of West Raleigh, characterized by an affluent rental base, top rated schools, high home values (averaging $420K), and exceptional rent growth (20.3% Q1 2022). Less than 10 minutes away from the heart of Raleigh, the asset’s immediate location is emersed in some of the best retail, dining, and entertainment the city has to offer. Among the top three hottest job markets in the country, Raleigh is rapidly expanding with major mixed-use and office development projects currently underway. Thoroughfares I-440 and I-40 instantly link residents to the Triangle’s top employers, including Research Triangle Park, UNC Chapel Hill University/Healthcare, and Duke University/Healthcare. Built in 1972, The Grove represents an outstanding opportunity to invest in a well-maintained asset and complete a rewarding and proven value-add program to achieve an additional $264K in additional revenue.
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The Grove
Offers Due:  Thursday, July 7, 2022
178 Units
3926 Marcom Street
Raleigh, NC  27606
Posted: 5/18/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 166-unit Lory of Hillsborough apartment community located in Hillsborough, NC. This asset is situated in a strategically located community of Hillsborough, NC. It is optimally located in a high-income market (average HHI over $100K) with growing home values (averaging $425K) and increasing rental rates in the Triangle MSA. Unmatched access to major thoroughfares I-85 and I-40 afford the submarket incredible connectivity to major employment hubs of Raleigh-Durham Research Triangle Park, Duke University, and UNC Chapel Hill. With the Hillsborough/Chapel Hill submarket experiencing an effective rental growth rate of 21.1% in Q1-22, combined with high barriers to entry, the asset is extremely well positioned to continue organic income growth and excellent value-add potential. Built in 1974, Lory of Hillsborough allows investors to acquire a well-maintained asset and inherit a proven, multifaceted value-add program to achieve a 19% boost to NOI.
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The Lory of Hillsborough
Offers Due:  Wednesday, June 22, 2022
166 Units
600 South Churton Street
Hillsborough, NC  27278
Type: Conventional
Posted: 5/16/2022