115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilized
Strong unit mix - 80% of units are 2 beds
Proven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upside
Market rent spread of at least $137/unit/month across non-renovated units
High growth submarket - Franklin County: 4% vacancy, 2.2% annual population growth
Dual-asset structure: 89-unit flagship complex and 26-unit garden community
Extremely supply-constrained submarket
