About
About Whispering Hills
Whispering Hills presents a compelling opportunity to acquire a 446-unit, institutional-quality multifamily community in the high-barrier Omaha MSA, offering immediate scale in a market where large acquisitions are increasingly difficult to replicate. Delivered in phases between 2004 and 2016, the asset is currently 97% occupied with a three-year average of 95.3%, demonstrating consistent demand and operational stability. Rent growth further reinforces performance, with effective rents increasing 13.0% since 2023 and continuing to trend upward, supported by Omaha’s resilient fundamentals, limited new supply, and strong absorption—particularly within the highly sought-after West Omaha submarket.
Strategically located near major employment corridors, retail amenities, and affluent residential neighborhoods, Whispering Hills benefits from durable renter demand and long-term income stability. In addition to its stabilized cash flow, the asset offers attractive value-add upside, with renovated units already achieving premiums of approximately $118 as of June 9th rent roll comparing average in-place of fully renovated to unrenovated units, providing a clear path for continued revenue growth. Combined with its low-density site and positioning at a meaningful discount to replacement cost, the opportunity offers investors a rare combination of scale, stability, and embedded upside in an irreplaceable location.
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