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Cushman & Wakefield Arranges $504.5 Million Sale of Multifamily Portfolio on Behalf of Threshold Capital and BMA Capital LLC

10/7/2020
Cushman & Wakefield has arranged the $504.5 million sale of a 31-property multifamily portfolio totaling 5,115 units located in North Carolina and South Carolina

Threshold Portfolio Sale

Marc Robinson and Brooks Colquitt represented the sellers while Jacquelyn Aaron led the transaction management. Morgan Properties and Peak Capital Partners acquired the properties from Threshold Capital and BMA Capital LLC.

“This 31-property transaction underscores the resiliency of capital markets, particularly across the Carolinas region,” Robinson said. “The process was initiated in the depths of a pandemic, received notable interest from multiple investors, and resulted in a smooth execution for the seller and buyers.”

Threshold Capital spent a number of years systematically building a portfolio of value-add properties in the Carolinas, largely built by the same developer between 1975 and 2005.

The properties include 28 in North Carolina and three in South Carolina. Morgan Properties added 19 properties with 3,256 units to their investment portfolio, while Peak Capital Partners acquired 12 properties with 1,859 units.

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 300 transactions and $7.0 billion in multifamily and land investment sales in 2019 (Source: Real Capital Analytics). Market share reflects sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. For more information, visit https://multifamily.cushwake.com.

 

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

 

Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Senior Communications Specialist, South Region • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's South region. She oversees media relations, thought leadership initiatives, and manages blogs and social media.