Fourth & Walnut Centre

Location

Located in the heart of the Midwest, Cincinnati is a well-connected business hub and has seen success in blending itsc ulture,rich heritage and arts with social and economic initiatives that create an exceptional quality of life. Its robust, diverse economy shelters the region from the highs and lows of the national economy. Local attractions include:

• Fountain Square
• The Banks & Smale Park
• Great American Ballpark (Reds)
• Paul Brown Stadium (Bengals)
• Heritage Bank Cetner
• National Underground Railroad Freedom Center
• Cincinnati Museum Center at Union Terminal

Tax Incentives

Fourth & Walnut Centre has access to a range of project incentives including:

• State and Federal Historic Preservation Tax Credits may be available if new investor wishes to pursue as part of rehabilitation of the property.
• Subject to receive a property tax exemption for 15 years as documented in the Community Reinvestment Area Tax Exemption Agreement.
• Located in an Opportunity Zone which allows for the deferral of taxable gains and provides for the ability to significantly increase investment basis.

Multiple Redevelopment Opportunities

Fourth & Walnut Centre allows flexibilty to redevelop the property for residential use, hotel, or maintain as an office tower.

Multifamily Strength

The Cincinnati rental market has been consistently robust year after year as demand exceeds supply and rents continue an upward trajectory.The market has been roughly 95% occupied on average over the last 10 years and steady demand has pushed the market to record occupancy in 2019 despite a surge of new product hitting the market in recent years.As millennials flock to the urban core,the demand continues to outweigh supply for new and renovated product in the submarket.