Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Cushman & Wakefield Arranges $75M Multifamily Sale on Behalf of JEM Holdings

BusinessWire_EN 
0 0 02.12.21
Cushman & Wakefield Arranges $75M Multifamily Sale on Behalf of JEM Holdings: https://mms.businesswire.com/media/20191105006169/en/669112/5/CW_Logo_Color_%28002%29.jpg
 

Cushman & Wakefield (NYSE: CWK) announced the commercial real estate services firm has arranged the $75 million sale of Country Club, a 454-unit apartment community located in Charlotte, North Carolina.

Watson Bryant and Brooks Colquitt of Cushman & Wakefield represented the seller, JEM Holdings, in the transaction. Concordia Properties acquired the property.

“Over seven years of ownership, we were able to successfully execute on our value-add strategy in one of the fastest growing markets in the Southeast,” said Jessica M. Saks, Chief Operating Officer of JEM Holdings. “We would like to thank Cushman & Wakefield for facilitating a seamless transaction. We also want to congratulate Concordia on their acquisition and wish them success in the next phase of ownership for this property.”

“Country Club is situated in one of the most dynamic submarkets in all of Charlotte and is poised for future rental growth with limited nearby future supply,” Colquitt said.

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 250 transactions and $6.2 billion in multifamily and land investment sales in 2020 (Source: Real Capital Analytics www.rcanalytics.com). Market share reflects number of 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 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 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 on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005991/en/

Cushman & Wakefield PLC Stock

€11.30
-0.880%
Cushman & Wakefield PLC shows a slight decrease today, losing -€0.100 (-0.880%) compared to yesterday.
Cushman & Wakefield PLC is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
On the other hand, the target price of 11 € is below the current price of 11.3 € for Cushman & Wakefield PLC, so the potential is actually -2.65%.
Show more
Like: 0
Share
BusinessWire_EN 
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia.

Legal notice

Comments

Not a member yet? Sign up for free!