- 7-Asset, 572-unit multi-state portfolio provides immediate scale and diversity across markets
- Significant value-add potential through unit interior modernizations
- Extremely clean and well-maintained assets
- Located in sub-markets with above-average rent growth and minimal new supply
- May be purchased individually or as a portfolio
- Offered free and clear of any existing debt
Immediate Scale and Diversity Across Markets
With 7 different properties in 7 different markets across the states of Indiana and Ohio, the Heartland 7 portfolio allows investors to add 581 units in positively trending markets without the risk of depending on the economy of just one market.
Significant Value-Add Potential Through Unit Interior Modernizations
Currently, only 23 units out of the 572 total units have been renovated. Premiums for renovated units range from $50 – $75 depending on asset, finish level, and floorplan. Proving the potential to renovate and raise rents.
Extremely Clean and Well-Maintained Assets
The 7 assets in The Heartland 7 have been well maintained and professionally operated. The physical condition of the assets will allow a new investor to step in and immediately focus on revenue increasing unit upgrades rather than a significant amount of capex and deferred maintenance.
