Westmont Village Apartments

Best-In-Class Apartment Community 

• Institutionally Managed Since 2016 
• Verifiable value-add with ~$225 rent premiums for 34% of the property already renovated 
• Recently upgraded, in-demand amenities highlighted by resort-style pool, sun deck, modern clubroom, and fitness center 
• Available well below replacement cost 

Fantastic Property Performance 

• 94% Occupied 
• 12%+ Effective Growth on New Leases 
• 6.5%+ Effective Growth on Renewals 
• Average Occupancy since 4Q2020 has been 95%

Robust Submarket Fundamentals 

• 8.2% YoY Effective Rent Growth 
• 95%+ Projected 5-Year Average Occupancy 
• 4.9% Projected 3-Year Rent Growth 

Path-of-Growth Location 

• DuPage County is the #1 county to live in Illinois (Niche 2023) 
• Direct Access to I-88 Job Corridor and Top Employers 
• Neighbors nearby Retail and Grocery including, Mariano's, Walgreens, Aldi, Whole-Foods, Jewel-Osco, Best-Buy, Walmart, and more 
• ~20 Minutes to Yorktown Center, Oakbrook Center, and Morton Arboretum 
• Downers Grove South High School "A" rating (Niche 2023) 
• Westmont Average House Hold Income is $122,000 
• One property under construction within a 5-mile radius

Capital Improvements 

• Previous ownership (pre-2018), spent $10.7 million on the property in the form of exterior and interior enhancements 
• Current ownership has spent ~$8.4 million on property upgrades, which includes new balconies, expanding on Clubhouse amenities, interior unit renovations, and more.