- Historically Renovated Portfolio with Significant Future Upside
- Central West End/DeBaliviere Place – An Irreplaceable Urban Location
- Surrounded by Class A+ Brand New Construction Communities
- Opportunity to Achieve Immediate Scale with 378 Units Across 7 Assets
- High Demand Infill Location – Easy Access to Major Employers & Institutions
- Young and Affluent Surrounding Demographic Profile
- Offered Free & Clear of Existing Debt
Historically Renovated Portfolio with Significant Future Upside
Featuring charming, turn-of-the-century buildings that were painstakingly restored in 2014 (along with Tanjiers Apartments in 2020), the Collection presents the opportunity to continue the redevelopment and take the finishes to the next level – to match the A+ new construction that has filled the neighborhood in recent years.
With an additional investment into the units, common areas, and building amenities, there is an opportunity to significantly move revenues and still rent for hundreds of dollars less per month than the surrounding newer construction assets.
Central West End/Debaliviere Place – A Truly Irreplaceable Urban Location
The Central West End/DeBaliviere Place neighborhood is the heart and soul of the city of St. Louis. With some of the highest reported rents in the entire state of Missouri, and the highest concentration of new Class-A multifamily construction projects in the St. Louis MSA, the neighborhood is truly unique, and the location of The Pershing Collection is truly irreplaceable.
Home to the Barnes Jewish Hospital Campus, Washington University Medical School, St. Louis College of Pharmacy, Shriner’s Children’s Hospital, The Chase Park Plaza Hotel, Whole Foods, Straub’s Fine Grocers, COUNTLESS restaurants and bars, and the best retail shopping in St. Louis, it is the only truly walkable live-work-play neighborhood in town.
Surrounded by Class A+ New Construction Communities
Located in the fast-growing Central West End/DeBaliviere Place neighborhood, The Pershing Collection is surrounded by new Class A+ apartment communities that have transformed the neighborhood in recent years and brought more and more young, affluent renters back into the urban core.
Immediately surround the collection are three recent deliveries – Tribeca, Chelsea, and Hudson – and a late 2022 delivery in Expo at Forest Park. These developments have been transformative for the neighborhood and provide an extremely high rent ceiling to draft off as a new investor upgrades The Collection and pushes the finish levels to Class-A levels.
