Residential Real Estate

Cushman & Wakefield and Greystone close sale and financing of South Pointe at Wayside in Raeford, NC

By Staff Report, posted 11 months ago

The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of and provided acquisition financing for South Pointe at Wayside, a 192-unit multifamily community located in Raeford, North Carolina a city on the Southwestern edge of Fayetteville. 

The multifamily property was sold by Hackett Properties to buyer LBX Broadwill.

Cushman & Wakefield’s Senior Director Richard Montana, Alex McDermott, Hunter Bowling, Rhodes Marley, and Paul Marley represented the seller. Greystone’s Senior Managing Director Brad Waite and Charlie Mentzer originated a five-year, fixed- rate Freddie Mac Optigo® loan featuring full-term interest only.

“South Pointe at Wayside is an attractive newly built community that arrived in the market despite all-time high construction costs. It is well-positioned in the Raeford market and has benefited from an incredibly strong lease-up. Our team looks forward to seeing this asset continue to thrive under the new ownership of LBX Broadwill,” said Montana in a press release.

Newly built in 2023, South Pointe at Wayside offers top-of-the-line market amenities and Class A finishes catered to residents. The multifamily property is also strategically located in Raeford’s Health Corridor with a suburban advantage that provides easy access to top regional employers, the Skibo Road retail corridor, Cross Creek Mall and Downtown Fayetteville.

“Congratulations to LBX Broadwill on their acquisition of South Pointe at Wayside, an exceptional asset that is poised for growth. This transaction represents the complete capabilities of our combined platforms in the Sunbelt,” added Waite in a press release.

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Wrapping up nicely: Major construction finishes up on new R & R Brewing location coming soon to downtown Clinton

The building began as an empty shell and after major construction and renovations, the first floor is almost ready for guests. Photo by GFBJ.It has been a busy two years at 104 Fayetteville St. in downtown Clinton for R & R Brewing. Sin


Rich in memories: Rich Farm & Venue offers affordable space with modern amenities for customers to reserve for their special celebrations

Rich Farm & Venue is a 37-acre space with amenities suitable for any occasion such as weddings, birthday parties and more. Photos provided by Rich Farm & Venue. Rich Farm & Venue in the town of Roseboro combines affordable prices and


A novel concept: New bookstore and wine bar coming to downtown Fayetteville

Kellie Artis is the owner of Bound & Vine, a soon-to-open independent bookstore and wine bar. Photo by GFBJ. Bookworms and wine lovers are in for a treat as downtown’s newest tenant prepares to open later this year. Kellie Artis is the