포트폴리오 설명
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire York Hills and Cloister Gardens (the “Properties”), two, suburban, value-add multi-housing opportunities totaling 298 units in York (York County) and Ephrata (Lancaster County), Pennsylvania. Built in 1972 and 1965, both assets present the opportunity to implement a streamlined renovation program across the entire unit mix and capitalize on rental premiums upwards of $400 and $500 for one and two-bedroom units, respectively. The assets are being offered individually and as a portfolio.
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개요
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298 단위
York Hills and Cloister Gardens (2 부동산)
York Hills and Cloister Gardens (2 부동산)
미디어
투자 하이라이트
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.
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마지막 업데이트
2024년 4월 11일