- New Construction 2-Asset Portfolio Comprised of 368 Units
- Extremely High-Occupancy Assets | Nearly 100% Occupied Currently
- Ideally Situated in the Heart of Missouri
- Great Mix of Student and Conventional Renters
- Significant Upside w/Light Modernization & Organic Rent Growth
- Premier Properties in Low-Vacancy Submarkets
- Operationally Efficient Opportunity for Immediate Scale
- Offered Free and Clear of Existing Debt
NEW CONSTRUCTION | 2-ASSET PORTFOLIO COMPRISED OF 368 UNITS
Built in 2019, Lodges at Rolla is a gated community that offers 188 units and various state-of-the-art amenities, while Liberty Park Apartments is a complex comprised of 180 units constructed in 2013. The properties have been meticulously maintained by current ownership with zero deferred maintenance.
With a combined 368 units, the offering presents the unique opportunity to acquire a significant footprint in an area that continues to exhibit strong fundamentals. Further, the portfolio offers an ideal combination of student (Lodges at Rolla) and conventional (Liberty Park) renter profiles.
PRIME LOCATION IN THE HEART OF MISSOURI
Ideally situated in the heart of Missouri, Lodges at Rolla & Liberty Park Apartments provide residents with immediate access to the area’s top demand drivers. Given their proximity to major metros including Kansas City, St. Louis, Columbia, and Springfield, the assets are conveniently located within a short drive of top markets in Missouri and the surrounding states.
SIGNIFICANT UPSIDE W/LIGHT MODERNIZATION & ORGANIC RENT GROWTH
With ultra-high occupancy rates at near-capacity, both properties are already seeing significant organic rent growth on current lease trade-outs. In addition, Liberty Park Apartments is well-positioned for clear upside upon completion of minimal cosmetic updates and modernization throughout.
With light upgrades including implementation of more modern finishes, there’s ample opportunity for new ownership to achieve significant rent premiums as already demonstrated in the marketplace.
