Caractéristiques de l'actif
Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Tres Santos Apartments, a 136-unit LIHTC Property in Santa Fe, NM. Conveniently located, Tres Santos is just a 5-minute drive to Downtown Santa Fe and the submarket’s largest employer, Christus St. Vincent Regional Hospital. The Property has showcased strong leasing momentum with GPI growth of over 9.9% in 2023. Additionally, since October 2023, the Property is achieving max LIHTC rents even with staggering 18.6% max rent growth in 2023. Investors will benefit from further revenue growth as remaining units can be increased to the LIHTC max rents and the $600+ spread to prevailing market-rate rents will drive long-term demand and consistent cash flow at the Property.
Points clés d'investissement
- Stable, Bond-Like Cashflow
- Strong Leasing Momentum & Max Rent Growth
- Rent Burdened Market and Insufficient Supply of Affordable Units
- Proximity to Local Economic Drivers
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