Descriptif

Jones Lang LaSalle, a North Carolina–licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Alexan Moto (“The Asset,” “The Property,” or “The Offering”), a Class A multifamily community in the heart of Downtown Raleigh. The Property pairs modern design and high-end finishes with a deep amenity package built for today’s renter.

Alexan Moto sits in a walkable location within Raleigh’s urban core, steps from the Central Business District, Glenwood South, and the Warehouse District. Residents are surrounded by a dense base of technology, life sciences, and professional services employers, along with an established mix of retail, dining, nightlife, and cultural options. That connectivity supports a genuine live-work-play setting and steady renter demand.

Downtown Raleigh continues to draw meaningful public and private investment that is reshaping the skyline and strengthening the city’s long-term position. Alexan Moto is positioned to benefit from this momentum, giving residents direct access to one of the Southeast’s fastest-growing employment centers. The pedestrian-oriented setting and nearby amenities support premium achievable rents and compete well against both existing and future supply.

Consistent in-place operations and leasing performance reinforce the Property’s profile as a stabilized core investment. As new development moderates and Downtown Raleigh continues to benefit from population growth, high educational attainment, and expanding technology and life sciences employment, the Property is well positioned for continued rent growth and long-term appreciation.

Alexan Moto offers the chance to acquire a top-tier Downtown Raleigh asset with durable cash flow, real income-growth potential, and long-term upside in one of the Southeast’s most active urban submarkets.

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Attributs

Nombre d'unités

186

Occupation

92 %

Année de construction

2025

Média

Points forts de l'investissement

• Podium Construction at a Significant Discount to Replacement Cost – Opportunity to acquire a newly delivered podium asset at a basis meaningfully below replacement cost (~$402K/unit), providing strong downside protection and embedded value.

• Thoughtfully Designed Spaces and Amenities Tailored for Today’s Renter – Well-designed units paired with a full amenity suite, including a resort-style pool, fitness center, co-working space, and multiple indoor/outdoor gathering areas.

• Premier Live-Work-Play Located in Glenwood South – Positioned in Raleigh’s premier entertainment district with immediate access to top dining, nightlife, and key employment hubs.

• Dwindling Supply Pipeline with Clear Path to Stabilization – New deliveries are tapering off, with demand expected to outpace supply, supporting continued lease-up and rent growth.

• Strong Leasing Momentum and Rent Growth – Recent leases continue to outperform in-place rents, with the last 25 leases averaging $1,931 and the last 10 averaging $1,835, demonstrating ongoing mark-to-market upside.

• Superior Submarket Demographics Provide Durable Demand Through the Supply Wave – Supported by affluent household incomes (~$116K average on-site), high educational attainment, and proximity to major employers and universities driving long-term demand.