Yorkshire Apartments

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Yorkshire Apartments (“the Property”), a 1990 vintage, 326-unit property located in Silver Spring, Maryland. Yorkshire presents the opportunity to continue a proven renovation strategy and capture immense achievable value-add upside through in-unit, common area, and amenity renovations. Yorkshire Apartments features a unit mix comprised of 75% two and three-bedroom units, 100% of units have in-unit washer and dryers, and nearly every two and three-bedroom floorplan offers two full bathrooms. The investment opportunity is highlighted by the Property’s continued strong performance and outsized future rent growth projections. Montgomery County fundamentals continue to outperform, and strong third-party research supports the continued rental growth story. Significant annual rent growth projections of 3.6% through 2028 and minimal future-supply with no projects under construction highlight the inherent growth within the submarket. The Property also boasts area-leading Montgomery County demographics including $146K average household incomes and $588K average home value within a three-mile radius.