Hedge Lane Apartments & Schoolyard Townhomes

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to exclusively offer for sale the General Partner Interest Portfolio comprising Hedge Lane Apartments and Schoolyard Townhomes, totaling 176 LIHTC & Market rate units located in Shawnee, KS and Tonganoxie, KS respectively. The properties maintain robust occupancy rates of 98% and 97%, significantly outperforming the submarket average of 91%. Hedge Lane, placed in service in 2023, is a 144-unit family-oriented community spanning 121,506 SF across six buildings on 7.06 acres with an average in-place rent of $1,193, while Schoolyard, placed in service in 2021, comprises 32 townhome units across 36,200 SF with an average in-place rent of $826. Both properties offer substantial rent growth potential inherent in LIHTC rent spreads. The Kansas submarkets have experienced 5.5% population growth since 2018 with continued economic expansion projected through 2030. The properties are well located in close proximity to the Kansas City metro; Downtown Kansas City, the University of Kansas, and major commercial attractions including Arrowhead Stadium help drive substantial growth in the region. This portfolio provides investors with stable, bond-like cash flow characteristics combined with significant upside potential from rent appreciation, and at the same time offers residents the benefits of thriving communities with unparalleled connectivity to major employment hubs and Kansas City's amenities and expanding job market.