Cushman & Wakefield and Greystone completed the acquisition of Landmark Apartments, a 264‑unit multifamily complex in Tuscaloosa, Alabama, on April 29 2026, financing the purchase with a $28,219,000 Freddie Mac loan. The sale price was not disclosed in the announcement.
Landmark Apartments, built in 2007, occupies more than 23 acres and offers a resort‑style pool, fitness center with yoga studio, resident clubhouse, business center, and outdoor gathering spaces. The property is anchored by the University of Alabama and the nearby Mercedes‑Benz manufacturing plant, providing a stable tenant base and supporting long‑term occupancy prospects.
The Freddie Mac loan carries a five‑year term with a 30‑year amortization schedule that includes an interest‑only period followed by amortization. Greystone originated the financing, led by Managing Director Elliott Mulkin, and the structure aligns with Freddie Mac’s standard acquisition program for multifamily assets.
Cushman & Wakefield served as the exclusive investment sales advisor for the transaction, with Andrew Brown and Craig Hey directing the deal. Their role underscores the firm’s expertise in facilitating multifamily transactions in the Sunbelt region.
Greystone highlighted that Tuscaloosa’s tertiary market continues to demonstrate durable multifamily fundamentals driven by major employment anchors and steady population trends. The Landmark property’s scale, location, and value‑add potential attracted strong investor interest, reflecting the market’s appeal to investors seeking stable cash flows in secondary markets.
While the announcement did not disclose the sale price, the property’s 93% occupancy rate at the time it was listed for sale in September 2025 and its robust value‑add prospects position it for long‑term performance. The transaction illustrates how Greystone’s lending capabilities and Cushman & Wakefield’s advisory services combine to support strategic acquisitions in growing tertiary markets.
The deal reinforces Greystone’s standing as a top Freddie Mac lender and highlights Cushman & Wakefield’s role in the multifamily advisory space, signaling continued confidence in the U.S. multifamily sector’s resilience and growth potential in markets beyond the primary metros.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.