The Marilyn
2390 SE Hawthorne Blvd, Portland, OR, 97214-3923, US
59 units
Attributes
Number of units
254
Occupancy
96%
Year built
2000
Building area net
18,971 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Benjamin Court, a 254-unit Senior LIHTC property in Indianapolis, IN. The Offering is well-located in Indianapolis and offers a stable, bond-like cash flow due to strong economic occupancy that has averaged 97% since 2022 and the +$640 spread of market-rate rents over 2024 max LIHTC rents. The Property presents investors with the opportunity to deploy capital into a well-performing, highly amenitized senior asset with strong organic rent upside.
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Investment Highlights
- Stable, Bond Like Cashflow
- Organic Rent Upside
- Ideal Neighborhood for Seniors
- Attractive Senior Asset Benefits from Strong Demand
- Well-Maintained, Highly Amenitized Community
- Strong Indianapolis Market
Media
Benjamin Court (0 Properties)
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Last updated
9 Apr 2025