Mid-Ohio Affordable Portfolio

Mid-Ohio Affordable Portfolio

Available
  • Property Type: Apartments
  • Property Size: 174,153 SF / 16.5 Acres / 201 Units

Overview

Capstone Apartment Partners is pleased to present the Mid-Ohio Affordable Portfolio—consisting of six (6) properties, 201 total units spread across Central Ohio. The assets are a mix of USDA Rural-Development (RD), LIHTC, and eligible Section 8 affordable housing properties. The four (4) LIHTC assets will all be out of their 15-year compliance period upon sale. The assets are well-situated off Interstate-70—the east/west interstate that runs through Central Ohio. Four (4) of the assets are within a 1-hour drive of the Columbus MSA, and the other two (2) are within 2 hours of either the Columbus or Pittsburgh MSAs. The portfolio provides multiple value-add opportunities by increasing rents to the maximum allowable AMI levels at each property, as well as leasing up select assets to more stabilized occupancy levels.

Investment Highlights

Diverse Mix of Affordability Assets
Rents Below Allowable AMI Levels
Operational Upside to Increase Cash Flow
All LIHTC Assets Will Be Out of the 15-Year Compliance Periods

Contact Information

Nathan Murphy Senior Advisor P: 513.460.5941
O: 800.746.3175 ext. 707
nathan@capstone-companies.com
Sherief Gouda Senior Advisor P: 513.252.1427
O: 800.746.3175 ext. 708
sherief@capstone-companies.com
capstoneapts-logo