Jacksonville, IL Portfolio

Capstone is pleased to present the Jacksonville, IL Portfolio. This offering features 395 sites across 4 communities within Central East Illinois. Not only does the portfolio boast scaled entry into the Jacksonville market, but it also allows for shared staffing due to the proximity of the communities. Since they are all within 15 minutes of one another, the communities can easily benefit from an efficient management and maintenance team. The portfolio is currently 64% occupied with 105 vacant homes left to lease up. If only half of those homes were filled, effective rental income could increase by almost half a million dollars. With the recent Section 8 Housing changes that filled the market with numerous vouchers for higher rents, a new owner could immediately increase cash flow by focusing on the in-fill. Furthermore, the portfolio benefits from public utilities, which are direct-billed to the residents at all the communities except for Maple Creek. This helps to keep the overall utility expense low since the owners are not responsible for the majority of the water & sewer expense.  This offering presents the opportunity to acquire a mid-sized portfolio in the Jacksonville area with vacancy upside.

Investment Highlights:

Springfield Housing Authority Opportunity

Newer Home Inventory

Significant Upside in Filling Vacant Homes

Public Utilities

Entry Into Jacksonville Market

Close Proximity Allows for Shared Staffing