Crescent Commons

812 Crescent Commons Way
Fayetteville NC

Crescent Commons View1

Property Type

Multifamily
Property Size
288 Units
Available Space
288 Units
Tenure
Sale
Price
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DescriptionClick Here To View Mapped Property

Click Here To View Mapped Property

JLL is pleased to present the "Southeast High Yield Portfolio" (the "Portfolio"); a unique opportunity to acquire two complementary, high yield, value-add enabled, multifamily communities. Comprised of 524 units, the properties are strategically located within two of the Southeast's top yield-driven MSAs - Memphis, TN and Fayetteville, NC. The Portfolio consists of Butterfield Village, a 236-unit apartment community located in Memphis' bustling Germantown business district and Crescent Commons, a 288-unit apartment community located in Fayetteville, NC. Butterfield Village and Crescent Commons each benefit from locations in MSAs backed by diverse and robust economic drivers. Memphis boasts the busiest cargo and freight airport in the country and is home to the headquarters of logistical powerhouse FedEx, while Fayetteville features a diverse economy based around healthcare, education, and a thriving aerospace defense industry. The location of each asset provides exceptional access to these economic drivers, while also offering residents a prime position in each MSAs most desirable residential corridor. Offered as a two-asset portfolio or on an individual basis, the next owner has the opportunity to acquire these assets in high-yielding markets, while balancing risk through diversification. Both properties provide exceptional current yield with an outstanding opportunity to bolster rents a further $100-$150 through market proven value-add programs, supplementing each Properties' expanding IRR.


Features

OFFERING HIGHLIGHTS  Opportunity to Acquire High Yield Investments in Two of the Southeast's Most Opportunistic Markets  Features Favorable Current Yield and Value Enhancement Opportunities  Market Proven Value-Add Opportunity Further Strengthens Properties' Returns  Attractive Investment Basis Provide Excellent Value Versus Nearby Southeastern Markets

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Andrea Howard_Commercial Real Estate Broker
Andrea Howard

+1 704 804 5755

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Jim Sewell_Commercial Real Estate Broker
Jim Sewell

+ 843 681 7484

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Derrick Bloom_Commercial Real Estate Broker
Derrick Bloom

+1 404 995 2287

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David Gutting_Commercial Real Estate Broker
David Gutting

+1 404 995 2283

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