Bantr Neenah

About Bantr Neenah

Bantr Neenah, a 58-unit furnished apartment community in Neenah, WI, is strategically positioned as a premier flexible term rental option centrally located near major area employers. The property was originally built in 1965 as seniors housing, and was redeveloped in 2022 as a market rate apartment building offering flexible leasing options. This lease structure (3 to 12+ months), targets traveling workers and tenants seeking convenience and flexibility. The average medium-term lease is six months, and is currently achieving a $168 premium over long-term leases.

Bantr Neenah offers an investor the opportunity to acquire the asset outright or recapitalize a majority of the equity and become a partner with the existing operator. Bantr Management is experienced with medium-term rentals and is willing to stay on board in an acquisition or recapitalization event.

BOOST INCOME WITH FURNISHED MID-TERM RENTAL PREMIUMS

Current mid-term rentals are seeing a $168 premium. 25% of the asset is on mid-term leases. New ownership can expand that percentage to increase NOI without any capital investment

HEDGE RISK WITH MID-TERM LEASES

Ownership can adapt to market demands by increases or decreasing the % of mid-term to long-term leases while maintaining high occupancy and cash flow

DIFFERENTIATED OFFERING OVER AIRBNB, FURNISHED FINDER & EXTENDED STAYS FOR TRAVELING PROFESSIONALS

Bantr Neenah provides mid-term rentals that cost 59% less than extended stay hotels, while offering a sense of community with events and amenities like gyms, co-working space, and communal kitchens that Furnished Finder and Airbnb do not provide

OPPORTUNITY TO ACQUIRE PROPERTY OUTRIGHT OR RECAPITALIZE WITH EXISTING PARTNERSHIP

Current ownership and developer, Bantr, is open to either a sale or recapitalization. They would prefer to stay on as manager and be able to provide mid-term management expertise with strong leasing relationships with local employers

CENTRALLY LOCATED NEAR MAJOR AREA EMPLOYERS

Major national firms like Kimberly-Clark, Neenah Foundry, Plexus, and ThedaCare are within a 10-minute drive of Bantr Neenah, providing ample contract-based job opportunities

PROVEN CONCEPT ACROSS 6 LOCATIONS

The Bantr brand has proven to be a successful brand across 6 locations in North Central Wisconsin with 424 units