Skyline Towers is a 60-unit, boutique elevator multifamily property located in one of the fastest growing submarkets in the Midwest. Offering large floorplans and underground parking, Skyline Towers is positioned to capture demand from modern renters looking for homelike living with the convenience of renting.

Skyline Towers was developed in 2017, delivering an unmatched product in the rental market. The property is now positioned for more operationally focused ownership, taking advantage of unrealized supplemental income while continuing to ride the wave of outsized rent growth in the Kenosha submarket.

Capture Operational Upside

Improve operations by capturing nearly $50,000 of additional annual income by charging market standard fees for parking and storage.

Booming Kenosha Job Market

Over 8,000 jobs added since 2010 through major corporations such as Amazon, Uline, Kroger, Haribo, and Nexus. There is another 4.5 MSF of industrial development projected to bring 1,000 more jobs to the area.

Assumable Debt with Term

The acquisition of Skyline Towers offers attractive assumable agency debt at 4.79% maturing in September 2030. The current loan balance is in line with today’s market loan to value.

Fundamentals Poised for Strong Rent Growth

Area home values have increased 11.2% in the past year averaging $447,500, making homeownership even less attainable in today’s rising interest rate environment. Skyline Tower’s average rent is only 18.5% the average area income of $101,437. With only 133 units under construction in the submarket, the asset its poised for outsized rent growth.

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Skyline Towers Apartments

60 Units

9511 81st St
Kenosha, WI 53158

Type: Multifamily

Closed: 5/3/2024

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.

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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 excited to present the exclusive listing of Cortland Portico, a 440-unit institutionally owned and operated multifamily property in Atlanta’s dynamic I-85 North Corridor. This Core Plus asset features a thoughtful site-plan, spacious floorplans and a premier amenity package. Current ownership has injected $7.7M into the asset, which has attracted a top-tier renter profile. The property is ideally located along I-85, providing residents direct access to Atlanta’s top job nodes and 1M+ jobs within a short drive. In addition, Cortland Portico is strategically located near significant new developments including Gas South District, a 118-acre campus including an arena, theatre, and convention center. Cortland Portico provides an attractive opportunity to acquire a truly irreplaceable asset with strong future growth trajectory, in Atlanta’s fastest growing county.

2110 Preston Park Drive
Duluth, GA 30096

Type: Multifamily

Closed: 4/25/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 193-unit Midtown Ridge apartment community located in Chattanooga, Hamilton County, Tennessee. Situated in the thriving, highly desirable Brainerd neighborhood, Midtown Ridge is surrounded by top retail, restaurants, and local parks alongside the Eastgate Town Center. When combined with quick access to I-24 and I-75, Midtown Ridge offers unrivaled access to all sides of the city. A 1986-built asset, Midtown Ridge is an opportunity to invest in a highly capitalized property with even greater potential through value-add. This opportunity is bolstered by recent job announcements in the area, including SK Foods, Qcells, Volkswagen, and Bridgestone Americas.

312 McBrien Road
Chattanooga, TN 37411

Type: Multifamily

Closed: 4/23/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 157-unit Hillcrest Village apartment community located in Springdale, AR. Hillcrest Village is attractively situated just west of the I-49 corridor, walking distance from Arvest Ballpark, home to the AA affiliate of the Kansas City Royals, The Northwest Arkansas Naturals. Springdale rests in the heart of the booming NW Arkansas MSA, which is home to 3 Fortune 500 Companies – Walmart, JB Hunt and Tyson Foods. Tyson’s headquarters sits just 2 miles NE of the property, supplying 3,000+ corporate jobs and is 1 of the 3 top US poultry producers located in the city. Hillcrest Village is also uniquely positioned within the fast-growing NW Arkansas healthcare hub with Arkansas Blue Cross/Blue Shield, Arkansas Children’s Hospital NW, Highlands Oncology and Mercy Health all within a 5-minute commute. Still under development, Hillcrest Village offers an outstanding opportunity to invest in a well-located and highly desirable BTR product in one of fastest growing markets in the nation.

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Hillcrest Village (BTR)

157 Units

2958 Cornell Dr
Springdale, AR 72762

29100 North Street
Daphne, AL 36526

12155 Science Dr.
Orlando, FL 32826

Closed: 4/17/2024

The Cushman & Wakefield Student Housing Team, in conjunction with the Cushman & Wakefield Multifamily Advisory Group, is pleased to present the exclusive listing of The Edge at Donaghey, a 120-unit, 432-bed apartment community located adjacent to the University of Central Arkansas (UCA). Built in 2013, The Edge is the only purpose-built student asset in the market catering to UCA. This opportunity allows investors to acquire the only true Class A student community significantly below replacement costs with the ability to achieve immediate returns.

530 S Donaghey Avenue
Conway, AR 72034

Closed: 4/10/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Overlook at Indian Trail apartment community located in Kingsport, Sullivan County, Tennessee. This asset is situated in the rapidly-expanding, tri-cities market of Tennessee. Built in 2017/2023, Overlook at Indian Trail offers an outstanding opportunity to invest in a recently built asset within an undersupplied market, with less than 1,000 units delivered to the area since 2010. This asset has the ability to garner $175+ premiums through a value-add program and burning off loss-to-lease. Residents at the property benefit from being within minutes of top employers (Eastman Chemical, Kingsport City School System, and Welmont Health System) and just moments from big box retailers such as Walmart and Lowe’s.

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Overlook at Indian Trail

168 Units

805 Indian Trail Drive
Kingsport, TN 37660

Closed: 4/9/2024

OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Florence, an 11-acre, 262-unit development opportunity in McKinney, Texas. The fully entitled, shovel-ready site is a part of a mixed-use development that will offer 62,000 sq. ft. of office and retail space, and a 10,000 sq. ft. daycare facility. This asset is strategically located to maximize future growth in one of the fastest growing cities in the U.S. The Florence Apartments is a unique investment opportunity in an exciting submarket with strong fundamentals including average occupancy of 95.4% and annual rent growth of 13.3%.

4021 South Custer Road
McKinney, TX 75070

Type: Land

Closed: 4/9/2024

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.

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Parkside Development Highway 30 Land

20.42 Acres

436 Highway 30
Port Wentworth, GA 31407

Type: Land

Closed: 4/5/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villas at North Park, a 87-unit, 2023 build-to-rent community located in the thriving and undersupplied Kingsport market. Villas at North Park arrives to the market as a one-of-a-kind build-to-rent community located in desirable Northwest Kingsport. Embedded in the Villas at North Park community, the asset boasts high-end construction with a combination of upscale finishes and quality amenities. Residents at the property benefit from being within minutes of top employers (Eastman Chemical, Kingsport City School System, and Welmont Health System) and just moments from big box retailers such as Walmart and Lowe’s. Property performance also benefits from the under supplied Kingsport multifamily market, with less than 1,000 units delivered to the area since 2010.

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Villas & Gardner (2 properties, 153 units)

Gardner Village

66 Units

203 Mickelson Pl
Gray, TN 37615

Villas & Gardner (2 properties, 153 units)

Villas at North Park

87 Units

1504 Quartz PL
Kingsport, TN 37660

Type: Single-family

Closed: 3/28/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit Rivoli Run & Park at Northside apartment communities located in Macon, Bibb County, Georgia. These assets asset is situated in the premier North Macon submarket, surrounded by top line retail including Fresh Market, Wesleyan Station (Kroger and Starbucks) and The Shoppes at River Crossing (Dick’s, Dillard’s, and Barnes & Noble), with direct access to downtown Macon, I-75, Wesleyan College and one of the largest medical centers in Macon (Piedmont Macon North). Built in 1995 & 1975 respectively, Rivoli Run & Park at Northside represent well-designed properties that offer an outstanding value-add opportunity with current rents achieving $100+ in renovation premiums over classic units and an opportunity for $190+ total blended premiums through full-scale renovation. Both properties have undergone $1.1M+ of exterior and interior capital expenditures, which include landscaping, amenity enhancements, signage, asphalt seal/restripe and interior upgrades.

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Rivoli Run & Park at Northside (2 properties, 380 units)

Rivoli Run

188 Units

200 Charter Lane
Macon, GA 31210

Rivoli Run & Park at Northside (2 properties, 380 units)

Park at Northside

192 Units

3876 Northside Drive
Macon, GA 31210

Type: Multifamily

Closed: 3/26/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Villas at Huffmeister, a 294-unit, 2007-built apartment community, and Villas of Kingwood, a 330-unit, 2008-built apartment community, both located in the Houston MSA. Villas at Huffmeister and Villas of Kingwood offer prospective buyers an exquisite opportunity to acquire institutional quality assets with highly accretive in-place agency debt and significant value-add potential. Both assets possess 100% classic-condition units and are prime candidates for interior renovations that would allow the assets to achieve an estimated $200/unit market rent premium across the board. The communities also enjoy low density site plans containing spacious floorplans and a significant number of direct-access garages. Furthermore, not only are both properties situated within healthy demographics and proximate to schools, jobs, retailers, and major transportation arteries, they’re positioned within one of the most robust, diverse economies in the United States.

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Villas at Huffmeister & Villas of Kingwood (2 properties, 624 units)

Villas at Huffmeister

294 Units

15050 Copper Grove Boulevard
Houston, TX 77095

Type: Multifamily

Closed: 3/25/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Kipling, a 118-unit Built-To-Rent (BTR) community located in Baldwin County (Foley), AL. Kipling arrives to market as one of the region’s premier single family, detached BTR communities in Baldwin County. The asset is located in the rapidly expanding Foley submarket, recently ranked the highest-growth pocket in Baldwin County. With pristine beaches less than 12 minutes away ($5B+ economic impact) and retail-attractions within a short drive, Kipling offers residents a desirable, single-family suburban lifestyle.

Fully delivered in 2023, the community features a desirable unit mix of 3-5 BR detached homes averaging 1,777 SF, attached garages, private fenced yards & top-of-the-line technology packages. Lease-up performance is strong as average loss-to-lease is less than 1%. Submarket rent growth has averaged 5%+ annually since 2017 while occupancy remains at 95%. Kipling offers new ownership an outstanding opportunity to acquire a sizeable BTR asset in AL’s fastest growing county.

7959 Mandalay
Foley, AL 36535

Closed: 3/22/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Remington Ridge, a 133-unit, 2022-built apartment community located in the thriving Fort Worth suburb of Weatherford. Remington Ridge offers prospective buyers an exceptional opportunity to acquire a newly constructed asset in a rapidly growing suburb of the fastest-growing city in America. Situated seconds from I-20, tenants possess immediate access to Weatherford’s premier retail corridor, quality education centers, and convenient access to Fort Worth and Arlington’s diverse roster of major job hubs. The opportunity is further bolstered by a clear path to additional income provided by the ability to push second-generation leases, development of Phase II, additional Phase I investment, capture of water/sewer reimbursements, and placement of a consistent management team on site.

360 Kirkpatrick Dr
Weatherford, TX 76087