Location

EXECUTIVE SUMMARY:

Comprised of three properties: Z on Crooks (8 units), Z on Kent (7 units), and Z on Woodland (6 units). This portfolio boasts of 17 one-bedroom/one-bath apartment homes, each measuring 600-650 square feet, and 4 two-bedroom/one-bath apartment homes, each measuring 800 square feet. The Royal Oak Portfolio was built in 1955-1956 and has been well maintained over the years with mature trees and landscaping.

Currently the Royal Oak Portfolio is operating at 95.2% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership. Even more impressive than this asset’s occupancy is the condition of the assets. They are completely renovated with high-end finishes.