04/14/2023
Skyscape Equity in partnership with Endurus Capital is very excited to announce our current investment Offering for the Traditions At Slate Ridge Community. This is a 94-Units Build-to-Rent highly desirable Townhome community in Columbus, OH. This is a great opportunity to invest in a cash-flowing asset with a strong value-add potential.
Investment Highlights:
-Current Occupancy at 98%, a 2008-build Class A Asset.
-Location! Location! Location! Great location in a highly sought after part of town. Columbus, OH is the fastest growing city in the Midwest and is poised to be one of the fastest growing cities in the country.
-Higher demand for Town-homes (SFR style living, boasting more privacy), due to lower inventory of this style available in the area.
-At a larger average SqFt. Spacious 2bd- 3bd floorplans than competition.
-Strong demographics with a population of 1.687M.
-Solid average household income of $64,670.
-Ability to carry out interior & clubhouse renovations to increase NOI and match competition.
-Intel Corporation investing $20B to build chip manufacturing plant in Columbus, OH boosting job growth.
-We have locked in our loan at 5.60% fixed for 10 Yrs with 5 Yrs Interest-Only. This Fannie Mae Agency loan puts us in great shape in a rocky economy.
-Our Lender approved Insurance costs are $8,742, which is less than our underwriting.
If you’re interested in this investment, See link below for more information:
https://skyscape.invportal.com/app/offering-detail/6435b36f25914a001b8b439f
