Z7

Description

Marcus & Millichap is pleased to present The Z7 Portfolio, apartment living across 7 assets in the desirable submarkets of the Midwest. The portfolio provides the investor a hard-to-find opportunity with phenomenal potential due to its solid submarket fundamentals, top-notch employment, high demand, and market proven rental upside in each of the markets. Fundamentals of the portfolio are unmatched as it outperformed the rest of the market through 2021.

STRONG STABILIZATION

This portfolio boasts an average of 5% physical vacancy factor on the trailing 12 months.

CONSISTENT COLLECTIONS

Z7 shows a 99% collection rate through 2020, one of the most trying years for apartment properties to ever endure.

MARKET PROVEN RENTS

Average rents on the portfolio are anywhere from 5-10% below market competition, a clear path to increasing value through organic rental
appreciation.

RUNWAY FOR RENTAL GROWTH

The average rent across the portfolio comes in at $0.82 per square foot while the average rent per square foot across the metros is $1.07.

STRONG MARKET FUNDAMENTALS

Z7 Portfolio gives and incoming investor the opportunity to invest in two of the top ten most COVID resilient markets in the nation.

HIGH BARRIER TO ENTRY

With low inventory velocity through most of the markets the portfolio is in, this gives an incoming investor the ability to build immediate scale to reduce operation costs over nearly 1100 units.

FAVORABLE UNIT MIX

Z7 Portfolio offers a very attractive unit mix of over 75% two and three bed unit layouts maximizing Gross Potential Rent opportunity for an incoming investor.

Listing Details