- Stabilized Offering Featuring Significant Value-Add Upside Potential
- Exceptional Downtown Springfield Location – Countless Restaurants, Bars, Breweries, & Shops Within Walking Distance
- Attractive Blend Of Old & New – Historic Renovation & New Construction Assets
- Being Sold By Original Local Developer
- High Barrier-To-Entry Market With Zero Construction In The Pipeline
- Offered Free & Clear Of Existing Debt
Stabilized Offering Featuring Significant Value-Add Upside Potential
The portfolio features two assets with strong historic occupancy and performance that are being sold by the original developer. SoEl and Founders Park Lofts both offer a clear path to unlocking additional upside through light value-add modernizations and operational efficiencies.
Exception Downtown Springfield Location – Countless Restaurants, Bars, Breweries & Shops Within Walking Distance
Located in the heart of the downtown district, the portfolio provides tenants with the ultimate amenity – the ability to walk minutes to coffee shops, bars, casual and fine dining, local shops, theaters, and countless other business in and around downtown.
Attractive Blend of Old & New – Historic Renovation & New Construction Assets
With 141 years between the dates of original construction of the two assets, the portfolio offers a truly unique blend of the old and the new. Built in 1875 and redeveloped in 2008, Founders Park Lofts is a stunning rehabilitation of one of the oldest buildings in Springfield. On the other hand, SoEl District Lofts brings the best of modern construction into the portfolio having just been built in 2016. This rare combination of historic rehab and new Class-A construction offers new ownership an attractive urban portfolio that will appeal to the widest variety of tenants.
