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Opportunity to acquire 63 rental properties (68 doors) in the fastest-growing MSA in the Midwest. Columbus’s GDP has outpaced the national average by double digits since 2008 and Intel’s $20 Billion factory is set to deliver in 2025 — the largest semiconductor factory in the world and more fuel in an economic engine that is roaring.
A tier-one university (Ohio State), rapidly increasing population, and aggressive pro-business policies combine to make Columbus the ideal setting for investment. Investors have the option of owning/managing the portfolio, bringing rents in line with the MSA’s average and enjoying nationally top 10 year-over-year rent growth -or- completing minor cosmetic and capital projects in preparation for individual liquidation. Most of these properties would fall in the “missing middle” price range that has taken over the headlines.
The current owner has acquired and self-managed this portfolio for 40+ years. Initially anticipating that his children would take over the management business, the owner has operated these properties under the assumption that they would stay in the family — for example, three roofs are set to be replaced in the next month. Investors have the rare opportunity to acquire a “single-owner” portfolio of well-maintained assets in arguably the best market in the nation.