York Hills and Cloister Gardens

Compelling Value-Add Opportunity

• New ownership is provided the opportunity to implement a streamlined renovation program across all 298 units and capitalize on rental premiums upwards of $400 and $500 on one- and two-bedroom units, respectively.

Strong Submarket Fundamentals

• The York County submarket achieved impressive average annual rent growth of 3.9% throughout 2023 and is expected to reach 4.9% by year-end 2024.
• The Ephrata/Brownstown/Leola submarket is expected to achieve 5.1% rent growth by 2024 Q4, and is complemented by strong renter demand, evidenced by its 1.7% vacancy factor.

Dynamic Suburban Locations

• York Hills provides convenient accessibility to downtown York and the surrounding employment centers via Route 83 and is strategically positioned adjacent to Queensgate Towne Center – a grocery-anchored shopping center that features one of the top Weis Markets locations nationwide in terms of customer visits.
• Ephrata is located in the highly acclaimed Lancaster County. Lancaster, the county seat, was recently ranked as the Best Place to Retire in the U.S. in 2022-23 by U.S. News & World Report.