- Extremely Well-Maintained Assets Primed for Value-Add Upgrades
- Conservative Local Operator – Huge Operational Upside
- Majority Newer Assets – Weighted Average 1993 Vintage
- May be Purchased as a Portfolio, Multiple Sub-Portfolios, or Individually
- Fantastic Locations throughout the Springfield MSA
- Multiple Attractive Business Plans & Exit Strategies
- Extremely Attractive Basis – Well Below Current Replacement Cost
- Unique Opportunity to Obtain Immediate Scale with 400 Units
- Offered Free & Clear of Existing Debt
Extremely Well-Maintained Assets Primed for Value-Add Upgrades
The Springfield 7 consists of seven assets that have all been very well maintained with limited general capex needs and deferred maintenance. Current ownership’s focus on maintaining the assets but not pushing revenues through interior and amenity upgrades will allow a new investor to focus their efforts and capital spend on those items that will directly result in significant revenue increases.
Conservative Local Operator – Huge Operational & Value-Add Upside
The Portfolio is locally owned and operated, creating an ideal scenario for experienced investors to shift the focus from simply maintaining above-market occupancy to identifying those clear opportunities to move rents significantly across all the portfolio assets.
Majority Newer Assets – Weighted Average 1993 Vintage
The Portfolio offers seven assets that vary in vintage from 1959 to 2007. With six of the seven assets built after 1986, the Portfolio features a weighted average vintage of 1993.
