
The Glenwood
3029 W Glenwood Ave, Philadelphia, PA, 19121, US
49 単位
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Cottage Hill Apartments, a 63-unit Senior LIHTC & Market-Rate property in Denver, CO. The Offering is well-located in Highlands' Garden Village and offers stable, bond-like cash flow due to the historically high occupancy, low turnover, and tight bad debt at the Property and the affordable housing shortage in Denver. The Property is currently 94%+ occupied, and market-rate rents exceed in-place lease rents by over $450/unit. The Offering also presents investors with an opportunity to own a 100% age-restricted asset in a metro that is undergoing a rapid increase in its 65+ age cohort, demonstrating elevated future demand for assets like Cottage Hill.