Cincinnati/Dayton MSA Portfolio

**Invite-only to a handful of buyer groups**

**Offers on individual assets will be considered**

Exceptional opportunity to acquire recent construction assets in the Cincinnati/Dayton MSA. All three properties have extremely attractive in-place, assumable debt.

The Province

• 201 Units
• 2009 Construction
• Large floorplans: $1.15 in-place rent per SqFt with the ability to push to $1.40
• Converted from student to market, market rate lease-up stabilized in T3
• Assumable Financing:
  • $20,223,000 origination balance
  • 3.22% Rate
  • 1/1/22 1st pmt date
  • 1/1/34 maturity
  • 36-year amortization
  • 72 months I/O from origination
  • Supplemental allowed

The Flats at Austin Landing

• 276 Units
• 2015 Construction
• Studios (4%), 1 BR/1 BA (54%), and 2 BR/2 BA (42%): $1.59 in-place rent per SqFt with the ability to eclipse $1.70 per SqFt by bringing units in line with currently achieved at renewal
• Assumable Financing:
  • $35,988,000 origination balance
  • 3.24% rate
  • 1/1/21 1st pmt date
  • 1/1/31 maturity
  • 30-year amortization
  • 48 months I/O from origination

The Falls at Settlers Walk

• Supply-constrained, growing market: Springboro will no longer allow new multifamily construction
• 137 Units
• 2006 Construction
• 1 BR/1 BA (41%), 2 BR/2 BA (40%), and 3 BR/2 BA (19%): $1.58 in-place rent per SqFt with the ability to eclipse $1.70 per SqFt by bringing units in-line with currently achieved at renewal
• Assumable financing:
  • $26,763,000 origination balance
  • 3.29% rate
  • 10/1/21 1st pmt date
  • 10/1/31 maturity
  • 30-year amortization
  • 60 months I/O from origination