Exclusive Listings

• 80 multifamily units in Providence, Rhode Island
• The property is a mix of 1 BR, 2 BR, and 3 BR units
• 70’s vintage asset, but there is very little deferred maintenance as about all but one of the units has been renovated to include a combination of the following     upgrades: new windows, stainless steel appliances, granite countertops, oak cabinets, new tub/shower, tile flooring, and in unit washer/dryer
• Pricing guidance is $16,350,000 and an 7.29% in place cap rate

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• 120 multi-family units for sale off-market in the Rock Island Submarket
• The property is 1960’s vintage and has undergone approximately $1.1 million in capex  
• Roughly 53% of units have experienced renovations and there is proven future upside
• Pricing guidance is $50K/unit which equals a 7.09% in-place cap rate and a 10.84% pro-forma cap rate

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• 120 units for sale off-market in Houston, TX
• The property features uniquely large units, open kitchens, full size W/D connections in a separate utility room and large private patios
• This is a B class asset that was built after 1980 with a very attractive unit mix
• The asset is cash flowing strongly with a large portion of renovated units receiving $1,350 in monthly rent
• Pricing guidance is $18,000,000 - 6.52% in-place cap rate
• The cap rate factors in yearly insurance of $1,550 per unit per year and the current taxes of $1,655 per unit per year

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• 3-property, 235-unit multi-family property portfolio for sale off-market in the Quad Cities
• Significant capex has been recently spent on all three properties by current ownership, totaling $739,000
• All three properties have assumable debt totaling 63% LTV with a weighted interest rate of 4.34%. One of the loans matures in 2031 and the other two mature in 2042
• Pricing Guidance for the portfolio is $66K/Unit and an in-place 6.22% cap rate

• The property consists of studios, one's- and two-bedroom apartments
• Attractive amenities such as air conditioning, balconies/patios, ceiling fans, and covered parking
• Community amenities include two swimming pools, a fitness center, a dog park, assigned parking, and a business center
• Upside potential exists as there is a $275 gap between average rent/unit and max rent/unit
• Pricing guidance is now $90K/Unit and a 6.69% cap rate based off T-3 financials

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• 115-unit multi-family property for sale off-market in Davenport, Iowa
• 65% of the units have experienced a full or light renovation. Other major upgrades include decking improvement, painting, new boiler installations, and upgrade of exteriors
• In total, $444,000 of capex has been recently spent by current ownership
• There is attractive assumable Freddie Mac financing in-place with the following terms: 58% LTV, 3.78% interest rate, 8 years remaining on the term, 30-year amortization
• Pricing guidance is $58K/unit and an in-place 7.11% cap rate

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• 28 multi-family units for sale off-market in Kenosha, Wisconsin
• The units are all 2-bedroom/1-bath with individual furnaces and hot water tanks
• Roughly 23 units have been updated within the past 5 years, majority including hardwood floors
• Pricing guidance is an in-place 7.66% cap rate

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• 180 units for sale off-market in Houston, TX
• The seller is selling due to the unfavorable loan on the property
• They have fully renovated 57% of the units and have partially renovated 24% of the units and have put in a total of $2,300,000 in CAPEX
• Achieving an economic occupancy of 90% with their current average rents, adjusted insurance and taxes would now put the stabilized NOI at $1,650,000
• The pricing guidance is $23,000,000 and it is a 7.2% stabilized cap rate at the pricing guidance

• 17,000 square foot retail property for sale in Westport, Connecticut
• The property is 100% leased containing 3 tenants. 2 of the tenants are on triple net leases
• The property was recently 100% renovated and is in excellent condition
• Westport is a very attractive location with a 1-mile MHI of over $209,000
• There is existing debt in place that is assumable at 58% LTV with a 4.62% interest rate
• Pricing guidance for this deal is $11,250,000 - $648/SF & 6.19% cap rate

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• Over 160 multi-family units for sale in Brooklyn, NY
• The properties consist of 3 separate elevator apartment buildings located in southcentral and southwest neighborhoods of BK
• The assets can be sold separately or together
• This is a rare opportunity to acquire well maintained properties in a supply constrained market, with artificially below market rents, substantially below     replacement cost
• There is significant long-term upside, along with a mix of free-market units, and a large portion of units operating on preferential rents

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