The sale and financing of the Magnolia Preserve multifamily community in Dothan, Alabama, closed on November 18, 2025. The 173‑unit, 11.2‑acre property—built in 2014—spans nine buildings and offers 191,000 sq ft of rentable space. Oakley Group sold the asset, Cushman & Wakefield acted as the broker, and Greystone Housing Impact Investors provided a $22.3 million Fannie Mae Delegated Underwriting and Servicing (DUS) loan to fund the transaction.
The deal underscores the strategic fit of the property for Oakley Group’s Southeast portfolio, which focuses on value‑add multifamily assets in growth markets. Magnolia Preserve’s proximity to two major medical centers in Dothan provides a stable tenant base, while the property’s Class A status and strong net‑rent‑increase (NRI) growth make it an attractive investment. Cushman & Wakefield’s dual role—leveraging its capital‑markets expertise and leasing network—enabled the seamless coordination of sale and financing.
Dothan’s multifamily market has experienced mixed signals: a growing medical and industrial economy supports demand, yet the market is described as having a “thin swath of Class A rental demand.” The transaction adds a sizable asset to Cushman & Wakefield’s Southeast portfolio, reinforcing its position as a key player in the region and demonstrating resilience amid broader supply concerns.
Cushman & Wakefield’s Q3 2025 earnings reflected the strength of its multifamily advisory business, with revenue up 8 % year‑over‑year to $1.8 billion and adjusted EBITDA rising 11 %. The growth was driven by robust leasing activity and investments in AI‑powered data infrastructure. In contrast, Greystone Housing Impact Investors reported a Q3 2025 earnings miss, with revenue falling and a strategic pivot toward tax‑exempt mortgage revenue bonds, signaling a shift away from market‑rate multifamily joint ventures.
The transaction illustrates how Cushman & Wakefield can secure agency‑backed financing for high‑quality assets, supporting its broader strategy to expand multifamily services and fee income. Greystone’s role as a leading Fannie Mae DUS lender highlights its continued influence in the multifamily financing landscape. Together, the deal signals confidence in Dothan’s multifamily market and the broader Southeast U.S. region.
The closing of Magnolia Preserve adds a 173‑unit, 11.2‑acre asset to the portfolio, showcases collaboration between broker, lender, and investor, and underscores the resilience of the Southeast multifamily market.
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