SOUTH HILL HEIGHTS

This 61-unit apartment community has above average occupancy, with many longer-term renters who pay their rent on time. When we closed the deal in early 2022, rents were significantly below market. In this case, rents were an average of $140 below market based on assets we already owned in the market. This gives us plenty of room to add value for our investors simply by increasing rental income. Regardless, our plan calls for updating unit interiors with easy and inexpensive improvements, then rebrand and repositioning from a Class B- to a Class B+ asset.

Cleveland is seeing job and population growth all being sustained by its pro-business environment, skilled workforce, low cost of living. It’s no wonder companies and households are moving to this market!

The funds described herein are open to “accredited investors” only, through an offering made in accordance with Regulation D, Rule 506(c) of the Securities Act of 1933, as amended. In purchasing securities through a 506(c) offering, we are obligated to verify any participating investor’s status as an “accredited investor” in accordance with Rule 501 of Regulation D. Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. We do not make any representations as to the accuracy or completeness of the information contained on this website and undertake no obligation to update the information. Past performance is not an indicator of any future results. All investments contain risk and may lose value. This does not constitute an offer to sell or a solicitation of interest to purchase any securities or investment advisory services in any country or jurisdiction in which such offer or solicitation is not permitted by law.