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Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Crowne at Swift Creek, a 312-unit apartment community located in one of the Richmond area’s most desirable suburbs. The Property, built in 2004, features high-end amenities and unique unit features which mirror newly constructed communities. The Property has achieved rental premiums associated with a kitchen and bath renovation program which can be expanded upon to match finish levels with new communities for additional rent increases. The Property is located in one of Richmond’s most desirable submarkets with demographics which greatly exceed the broader MSA. Significant big box and convenience retail surrounds the Property with access to VA-Rt 288, an important regional throughway which connects employment centers along I-95 and I-64, minutes away. Crowne at Swift Creek’s exceptional location, and asset quality make it a rare opportunity to acquire a 2004 vintage, value-add asset in the expanding Richmond market.
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Crowne at Swift Creek
312 Units
13101 Lowery Bluff Way
Midlothian, VA  23112
Posted: 8/29/2018
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Independence Place, a 230-unit, Class A apartment community located adjacent to one of Richmond’s largest employers. The Property, built in 2012, features a best-in-class amenity package and attractive in-unit finish levels. Recently delivered apartment communities in the market have enhanced finishes including stainless steel appliances and granite countertops and replicating this at Independence Place can garner additional rental premiums. The Property’s location provides access to numerous points of interest throughout the region including some of the most significant employment centers and retail. Independence Place’s exceptional location and asset quality make it a rare opportunity to acquire a stable asset with additional renovation upside in the expanding Richmond economy.
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Independence Place - Prince George
230 Units
5000 Owens Way
Prince George, VA  23875
Type: Conventional
Posted: 6/8/2018
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Island Club Apartments, a 144-unit apartment community located in Salisbury, MD. Built in 1987, Island Club offers investors the opportunity to acquire a proven value-add apartment community within the stable Salisbury market. The Property can be repositioned through upgraded kitchens and bathrooms, garnering additional rental premiums and creating a distinctive advantage against its competitive set. The Property’s convenient location within Salisbury provides direct access to the region’s major employment, retail, lifestyle amenities and major roadways. Island Club presents investors with the opportunity to acquire a proven value-add community within an opportunity zone that has strong future growth prospects in the stable Salisbury economy.
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Island Club
144 Units
1500 Sharen Drive
Salisbury, MD  21804
Posted: 9/5/2018

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Park Vue of Alexandria, a core-plus, infill high-rise community in one of the Washington metro region’s most dynamic corridors. Built in 1965, Park Vue of Alexandria has recently received a large infusion of capital to improve the asset and create additional tenant amenities. The Property offers proven value-add with rental premiums being achieved based on the current kitchen and bath upgrade program. This can be enhanced to mirror similar properties in the submarket for additional rent increases. Park Vue of Alexandria’s location along the dynamic I-395 corridor is one of the best in the region for access to the many major employers and the most significant employment centers in the Washington metro. The Property is only 5-minutes from Potomac Yards, one of Northern Virginia’s fastest growing retail and amenity centers, with a future Metro station currently in the planning process. Park Vue of Alexandria’s irreplaceable location and additional renovation upside presents investors with the rare opportunity to acquire a core-plus, infill high-rise in one of the Washington region’s best locals.

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Under Contract
Park Vue of Alexandria
196 Units
511 Four Mile Rd
Alexandria, VA  22305
Posted: 4/26/2018
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Ravensworth Towers, a well maintained value-add high-rise apartment community in a supply constrained submarket within the Washington Metro area. Built in 1973, Ravensworth Towers has recently received a large infusion of capital to improve the asset quality. The Property offers a proven value-add opportunity with current rental premiums of approximately $120 based on a comprehensive upgrade that includes stainless steel appliances, plank wood flooring throughout the unit and new washers and dryers. This renovation package can be enhanced to mirror newer product in the submarket for additional rent increases. Similar properties in the submarket that have undergone full renovations currently rent at $195 more than Ravensworth Towers, and instituting a full renovation package can achieve rental premiums that will close the gap between the Property and its competitors. Ravensworth Tower’s location in proximity to I-495 and I-395 provides immediate access to the region’s many major employers and the most significant employment centers throughout the Washington Metro area. The Property’s desirable location and additional renovation upside presents investors with the rare opportunity to acquire a value-add, infill high-rise in one of the Washington region’s best locals.
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Ravensworth Towers
219 Units
4327 Ravensworth Rd
Annandale, VA  22003
Posted: 10/4/2018
The Cushman & Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present Sterlingwood, a 162-unit value-add property in Roanoke, Virginia. Sterlingwood is well located in the Roanoke market within close proximity to Valley View Mall, the premier retail amenity in the Roanoke MSA. Additional lifestyle amenities and major roadways are a short drive from the Property. Built in 1972, Sterlingwood offers attractive unit layouts with 1 and 2 bedroom units and represents a value-add opportunity with the ability to garner additional rental premiums through light interior upgrades similar to competing properties in the submarket. Sterlingwood’s exceptional location within the very stable Roanoke economy presents investors a rare opportunity to acquire a well-positioned property with significant future growth opportunities.
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Sterlingwood
162 Units
2215 Montauk Road
Roanoke, VA
Posted: 10/3/2018
Cushman and Wakefield, as exclusive agent for The Campagna Center, Inc. (the “Seller”), is pleased to present the opportunity to purchase 418 South Washington Street (the “Property”). This historic building was constructed in 1871 and is prominently located in the heart of Old Town Alexandria’s Historic District one block south of Duke Street. It is currently the headquarters for The Campagna Center, a non-profit whose mission is to deliver educational and social development programs for children, teens and adults. The Property consists of 2 parcels which measure 15,790 SF and is improved with an approximately 17,000 SF structure consisting of 2 main floors, an attic and a basement. The building was renovated in 1995 to better serve The Campagna Center as its office headquarters. The Property is zoned Commercial Downtown, which allows office and several types of residential uses (including multifamily and townhouse) as a matter-of-right.
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The Campagna Center
   
418 S Washington St
Alexandria, VA  22314
Posted: 5/3/2017
The Flats at West Broad Village
339 Units
3930 Wild Goose Lane
Glen Allen, VA  23060
Posted: 7/13/2018