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Opportunity

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Priced Well Below Replacement Cost: Maintain rental pricing advantage over any new product constructed in the market. 

Value Add Opportunity: Revenue can be significantly increased by offering a strategic range of unit enhancements at various premium levels. In addition, organic rent growth can be easily achieved by simply burning off loss to lease on existing under-market leases. 

Significant Capital Improvements: Well maintained property with significant capital improvements made recently - reduces need for major capital expenses in the future (keep more of your cash flow!)

Tenants Pay Most Utilities: Electric is separately metered on all units. Gas is separately metered on 304 units (3 properties). Tenants reimburse for water/sewer and trash via RUBS on all units

Stabilized portfolio with Significant Upside Potential: Offers investors stable cash flow, along with both rental and operational upside. All assets are under rented, which suggests immediate organic rent growth, plus upside potential through renovation premiums. 

Well Diversified Assets: The portfolio is diverse in property size, architecture, unit types, and size, and rent structure. As a result, the properties draw from a wide tenant base and do not compete with each other, thus ensuring financial stability of the portfolio.

The Portfolio

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Market Area

 
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Pictures

 

Kalamazoo Properties Photos

Bayberry Point, California West, Coddington West, University Village & Whitegate

Battle Creek Properties Photos

Redner, Roe, River & River Oaks

Location

 

Document Center

 

Contact Us

 
The Team

Craig Black, CCIM

616.242.1126

craigb@naiwwm.com

 

Scott M Nurski, MBA

616.242.1106

scottn@naiwwm.com

Get In Touch