Location

EXECUTIVE SUMARY:

Bid Deadline: October 6, 2023, 5:00pm EST

Glengarry requires the assumption of incredibly attractive Agency debt which will provide new ownership a heightened cash flow position. This asset has maintained outstanding occupancy and collection rates over the years, requiring only minimal management oversight. Our market rent study revealed that rents are roughly 12% below market, and when these units are brought to market, Glengarry represents an extremely well-located asset, poised for new ownership with a value-add mentality.