Reserve at Chino Hills Sales

JLL, as exclusive advisor, is pleased to present for sale, Reserve at Chino

Hills (the “Property” or “Reserve”) a 482-unit, value-add multi-housing

opportunity consisting of 440 units constructed in 1987 and 42 newly

constructed townhomes. Reserve presents the rare opportunity to acquire

a one-of-a-kind, operationally sound asset with proven upside in a highly

desirable Southern California location. The Property is well-positioned within

the affluent Inland Empire city of Chino Hills at the junction of Los Angeles,

Orange, San Bernardino, and Riverside counties.

Reserve at Chino Hills’ optimal suburban neighborhood is surrounded by

over 1M sq. ft of high-quality retail within a 1-mile radius and falls within the 3rd

best school district in San Bernardino County. Additionally, Reserve’s central

Southern California location at the nexus of four counties offers unparalleled

connectivity to major Southern California employment centers and ±3.6M

jobs within a 45-minute commute. These draws contribute to the affluent and

stable tenant base which is reflected in the Property’s average household

income of $177k representing a 17.6% rent-to-income ratio to post renovated

pro forma rents at the property.

In addition to capitalizing on ±4.5% loss to lease, new ownership of Reserve

has the opportunity to continue executing the proven value-add strategy,

with ±72% of the units primed for renovation, offering ±$242/unit/month

renovation premium. Reserve provides a compelling value-add opportunity

to capture tangible upside, in a supply constrained submarket projected to

experience outperforming fundamentals.