Location

EXECUTIVE SUMMARY:

The Portfolio consists of Forest Hills Apartments (136U), Tree Top Ridge Apartments (100U) and Wyndtree Townhomes (160U). The complexes are in close proximity to one another, with Forest Hills and Tree Top Ridge less than one mile apart, and Wyndtree Townhomes less than five miles to the west in Springfield Township. This affords ownership with considerable management efficiencies and critical mass within the marketplace. There is also a value-add component with this portfolio through continued unit upgrades and rental rate increases to market rents. The portfolio contains a very advantageous mix of one-bedroom and two-bedroom units, as well a two-bedroom, three-bedroom and four-bedroom townhome-style units, covering virtually every residential need in the marketplace.