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HIGHLY DESIRABLE ALL TOWNHOME LAYOUTS WITH GARAGES

100% of the units at Aurora have an attached one car garage and offer a spacious townhome layout with 1,200+ square feet of living space, providing a single family look and feel. All units have a private entrance, front and back yard, private garage, in unit washer/dryer connection, deck, and spacious basement with storage space and daylight window.

HIGH OCCUPANCY, 5.2% T-3 CAP RATE & UNDER MARKET RENTS

With current occupancy of 94%+/- and a multi-year history of high occupancy, Aurora has demonstrated incredibly high renter demand. Current rental rates trail the surrounding comparable properties by more than 20% / $260+ per month. Pricing guidance at $11M represents 5.2% Cap Rate on T-3.

ABILITY TO RAISE REVENUE IMMEDIATELY

In addition to organic rent growth, a new owner can increase rents by completing interior unit upgrades to achieve $200+ monthly premiums.

CLOSE PROXIMITY TO RETAIL & EMPLOYMENT

Residents of Aurora Townhomes enjoy easy access to abundant nearby retail, restaurants and employment. Bath and Body Works is headquartered in the city and other employers include Amazon, Lbrands, Victoria's Secret, JCPenney, Ohio Health and Mount Carmel East Hospital. Reynoldsburg is located in the Columbus MSA, one of the fastest-growing metros in the nation with unprecedented population, GDP and job growth.

360 UNIT PORTFOLIO: $99K/UNIT & 5% T-3 CAP RATE

Aurora can be purchased individually, or as part of a three property, 360-unit portfolio. The Portfolio Pricing Guidance of $35.5M represents an average price per unit of just under $99k per unit and a blended 5.0% Trailing 3 Cap Rate.

   
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Aurora Townhomes
82 Units
6864 Gemstar Road
Reynoldsburg, OH  43068
Type: Conventional
Closed: 8/23/2022
The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of Huntley Ridge Apartments, an 88-unit apartment community located in the Kettering submarket of Dayton, OH. This asset is located in an excellent school district and close to major retail and restaurant corridors. Built in 1945 Huntley Ridge represents an outstanding opportunity to invest in a well maintained, partially renovated asset, in a highly demanded submarket.

1. VALUE ADD OPPORTUNITY
Current owners have begun interior upgrades in select units, resulting in increases over $100 in some units. Huntley Ridge presents an opportunity for an investor to come in and finish the upgrades to all units and add property amenities in order to continue to push rents higher. Additionally, current owner did not allow pets which a new owner can permit and add substantial additional income.

2 . DIVERSE UNIT TYPES INCLUDING COVETED TOWNHOMES
With 1, 2 and 2-bedroom townhouses, Huntley Ridge offers a great mix of unit styles attracting a wide base of potential residents. 32 of units at the property are townhomes.

3 WELL LOCATED TO RETAIL, RECREATION & EMPLOYMENT
Residents of Huntley Ridge are minutes from all daily conveniences and leisure activities. The property is within a 2-mile radius to numerous retail and restaurant amenities. Huntley Ridge is also conveniently located near major employment such as 3 miles to the University of Dayton & Wright Patterson Air Force Base is a 15 minute drive.

4. STRONG MARKET FUNDEMENTALS
The Kettering submarket of Dayton has experienced substantial rent growth with rents growing 6% Year over Year. Kettering will continue to achieve high rent growth due to a lack of new multifamily development. This submarket has also seen occupancy consistently be over 95%
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Huntley Ridge
88 Units
520 Aberdeen Ave
Dayton, OH  45416
Type: Conventional
Closed: 7/1/2022

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of Liberty Center, a 238-unit, 2016-built apartment community made up of two distinct buildings - The Grant and The Fillmore. Located in the heart of a landmark town center Liberty Center fuses luxury living, dynamic dining, best-in-class retail and engaging entertainment within an active and connected urban neighborhood.

The acquisition of Liberty Center Apartments (The Grant & The Fillmore) represents an opportunity to own in what is arguably one of the most vibrant mixed-use neighborhoods in the nation. The property offers everything high-income dwellers are looking for - from high-end unit finishes to an upscale restaurant and retail destination.



For access to confidential documents, please register at: libertycenterapts-cw.com



The Liberty Center Apartments attached Net Leased Liberty Center Retail is also being offered for sale as part of a separate offering. For more information about the Liberty Center Retail, visit the site: Here

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Liberty Center Apartments
238 Units
7560 Blake St
Cincinnati, OH  45069
Type: Conventional
Closed: 5/19/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Paddock Club apartment community located in Florence, KY (Cincinnati Metro). This asset is situated in the high-growth market of Florence, in the southern area of the Cincinnati MSA. The property is a quarter mile from the dominant retail center in Northern Kentucky, which includes the 941K SF Florence Mall along with an additional 5M SF of retail in the immediate submarket. New developments and job counts are expected to rapidly increase in the submarket, with Amazon Prime's new $1.5 billion cargo hub under construction at the nearby Cincinnati/Northern Kentucky International Airport (3 miles). Built in 1995, Paddock Club represents an outstanding opportunity to invest in an exciting value-add asset in a fast-growing market.
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Paddock Club
200 Units
8000 Preakness Drive
Florence, KY  41042
Type: Conventional
Closed: 3/30/2020