Cushman & Wakefield Arranges Five-Property Portfolio Sale for McDowell Properties

4/18/19

Jackson, Tennessee, Properties Total 665 Units

Cushman & Wakefield has arranged the sale of a five-property, 665-unit portfolio located in Jackson, Tennessee. Robbie O’Bryan, Jimmy Adams, and Brad Boston of Cushman & Wakefield represented the seller, McDowell Properties, in the transaction. Monarch Investment & Management Group acquired the properties, which included:

  • Post House North, 145 units located at 26 Revere Circle
  • Woods of Post House, 122 units located at 39 Thistlewood Drive
  • Post House Jackson, 150 units located at 26 Rachel Drive
  • The Oaks, 100 units located at 842 North Parkway
  • Bradford Chase, 148 units located at 24 Williamsburg Village


“These well-located properties are poised for continued growth in the expanding Jackson market,” O’Bryan said. “The properties and the buyer will benefit tremendously from organic Rent growth and focused management.”

McDowell Properties has invested over $3 million in capital improvements at the properties since 2015, including clubhouse renovations, fitness center upgrades, interior upgrades and new exterior paint, gutters, roofs and signage. Only one property has been delivered to the Jackson market since 2014 (120 units total). Currently there are no multifamily projects under construction or planned.

Cushman & Wakefield’s Southeast Multifamily Advisory Group ranked No. 1 in market share in 2018 based on closed transactions, totaling over $5 billion in sales volume. For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, 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 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 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.