- Significant Recent Capex Investment – Roofs, Siding, Units, Systems, & More
- Huge Operational Upside Through Lease Up
- Unique Opportunity to Obtain Significant Scale in a Single Transaction
- Value-Add Upside Through Further Unit & Amenity Upgrades
- Offered at a Very Attractive Basis
- Extremely Strong Submarket – Surrounded by Best-in-Class Retail
- Unique St. Louis Market Dynamics Create Ideal Value-Add Scenario
- Fantastic Connectivity to Entire STL MSA & Major Employment Centers
- Free & Clear of Existing Debt
Significant Recent Capex Investment – Roofs, Siding, Units, Systems, & More
Current ownership has invested significant capital into the community in recent years to address all of the deferred maintenance items and allow new ownership to focus solely on their lease-up and future value-add upgrades. This investment has included new roofs, siding, windows, parking lots, landscaping, systems upgrades, leasing office renovation, and ongoing unit upgrades.
Huge Operational Upside Through Lease Up
Following a huge capital investment in recent years to physically improve the asset, new ownership will have the ability to achieve above-market yields by simply leasing the property up to stabilization.
Unique Opportunity to Obtain Significant Scale in a Single Transaction
At 452 units, The Groves offers a unique opportunity for new entrants into the St. Louis market to obtain critical mass and operational efficiencies in a single transaction – or provide additional economies of scale for existing owners looking to grow their portfolios in the market.