Cushman & Wakefield brokered the sale of the 173‑unit Magnolia Preserve multifamily community in Dothan, Alabama, which closed on November 18, 2025. The transaction was financed with a $22.3 million Fannie Mae DUS loan originated by Greystone, and the buyer—whose identity has not been disclosed—was financed by Greystone as well.
The property, built in 2014, spans 191,000 sq ft across nine residential buildings and is situated in a rapidly growing market that has attracted medical and industrial investment. The asset’s size and location make it a high‑quality, income‑producing property that aligns with the type of multifamily assets Cushman & Wakefield typically markets to institutional investors.
Cushman & Wakefield’s role in this deal underscores its continued activity in the multifamily capital‑market arena. The firm has previously listed Magnolia Preserve in 2019, but this transaction represents a new type of event for the company—combining a sale with a sizable financing package that the firm structured and executed. The deal demonstrates CWK’s ability to coordinate complex financing arrangements for high‑quality assets.
Greystone’s involvement as the loan originator and financier of the buyer highlights its prominence in multifamily lending. The $22.3 million Fannie Mae DUS loan is a standard, income‑based financing instrument that provides a stable, long‑term debt structure for the property, reinforcing the asset’s financial profile and the lender’s confidence in its cash‑flow generation.
The transaction fits within the broader context of the Q3 2025 multifamily market, which has seen robust demand and strong net absorption, though rent growth has moderated. Dothan’s expanding medical and industrial sectors support continued demand for multifamily housing, making Magnolia Preserve an attractive investment for buyers seeking stable, income‑producing assets.
"Magnolia Preserve is a high‑quality asset with a stable tenant base and strong sponsorship," said Elliott Mulkin, Managing Director at Greystone. "We were pleased to work alongside Cushman & Wakefield to deliver seamless agency execution and competitive terms tailored to the client’s long‑term goals," he added. Craig Hey, Vice Chair of Cushman & Wakefield, noted that "Oakley Group’s continued investment in the Southeast multifamily market speaks to the strong fundamentals in this region. The collaborative effort between our teams ensured this acquisition was financed efficiently and positioned for long‑term success."
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