Coventry Commons Louisville, KY

Investment Highlights

• Strong Historical Occupancy & Operations – With A Waitlist (19 As Of Late October)! 
• Loss To Lease Recapture Will Add More Than
• $175k Annually!  
• Exceptional Basis Given The Excellent Condition Of The Asset 
• Substantial Upside Potential Through Annual
• Ami Growth 
• Convenient Location Proximate To Restaurants, Shopping, And Highway Access
• Offered Free & Clear Of Existing Debt

Strong Historical Occupancy and Operations - With a Waitlist (19 as of Late October)! 

Current ownership has carried extremely high occupancy rates and demonstrated a trailing 12 month vacancy of less than 3%! Which should remain strong given the currently 19 applicant long waitlist.

Loss to Lease Recapture Will Add More than $175k Annually! 

Due to many leases signed prior to the most recent rent increase, Coventry Commons offers a clear opportunity to add over $175,000 (~10%) to top line revenues through capturing the current loss to lease.

Exceptional Basis Given the Excellent Condition of the Asset 

The property is offered at a highly attractive going in basis relative to replacement cost and recent trades across the market given the exceptional condition and effective age of the asset resulting from the recent tax credit renovation.

Tenant Services