- Best-in-Class Asset – Extraordinary Location & High-Quality Build-for-Rent Product
- Exceptional Lease-Up Speaks to the Asset’s Desirability and Quality
- Opportunity to Cycle through First-Generation Leases & Increase Rents $100+/Unit
- Strong Surrounding Demographic Profile & Great Schools
- Strategic Location Near Employment, Retailers, Parks & Entertainment
- Offered Free & Clear of Existing Debt
Best-in-Class Asset – Extraordinary Location & High-Quality Build-for-Rent Product
Urban Crest is conveniently located in direct proximity to HWY K96, providing easy access to the entire Wichita MSA. The property is less than 15 minutes from the newly announced Integra Technologies Headquarters and less than 15 minutes from Downtown Wichita. Urban Crest is situated directly in the path of growth as evidenced by the new retail and residential development in booming Northwest Wichita.
Urban Crest displays exceptionally high-quality construction throughout the property. Built in 2022, the community reflects high-end luxury finishes including granite countertops, vaulted ceilings, stainless steel appliances, and smart technology within each unit. Additionally, each unit offers the convenience and privacy of a two-car garage, private fenced-in patios, and the ease of living in a maintenance-free community.
Exceptional Lease-Up Speaks to the Asset’s Desirability and Quality
Since the first units at Urban Crest were delivered in January 2022, the asset has experienced phenomenal lease-up. The strong lease-up is proof that there is significant demand for build-for-rent product located within the Maize school district. With the initial lease-up completed, a new investor can now focus on dialing in operations by streamlining expenses and increasing rents to current market levels as units turn. There is a huge opportunity for a new buyer to cycle through first-generation leases and increase rents by $100+/unit per month!
Strong Surrounding Demographic Profile & Great Schools
The demographic area around Urban Crest reflects an affluent, highly educated population that continues to drive strong overall rental unit fundamentals and continued development of additional retail and high-end restaurants in the area. Maize also boasts a top-notch education system with excellent public and private schools including Maize High School, Maize South High School, and Bishop Carroll Catholic High School. The Maize school district and individual schools are consistently ranked as some of the best in the Wichita MSA by publications such as U.S News, GreatSchools.org, and Niche.com.
With these exceptional demographics, companies are attracted to the availability of skilled talent (and the ability to attract more). The high-quality, low cost of living continues to attract a top-tier workforce. These dynamics will keep Northwest Wichita regarded as one of the most sought-after areas to live in the Wichita metro.
