Park Wind Apartments

Investment Overview

Park Wind Apartments presents investors with the opportunity to acquire a 112 Unit, Section 42 LIHTC, stabilized, cash flowing asset with clear avenues to increase total revenue by pursuing the Max Rents established by HUD, which are currently $114 above average effective rent at the property. With a very strong historical occupancy and clear pathways to improve NOI through targeted leasing strategies, the deal is well-positioned to deliver attractive returns at market pricing. Residents of Park Wind enjoy a lifestyle supported by both comfort and convenience. The community provides a sparkling swimming pool with sun deck, 24-hour laundry facilities, and an easy-to-use online resident portal for payments and service requests. Thoughtful provided services like Updater make moving seamless, while on-site management and maintenance teams ensure resident satisfaction. Combined with access to local businesses, shops, and restaurants, Park Wind creates a welcoming environment where residents can live, relax, and thrive. Well Located Asset: Located in the Clinton Submarket with a median household income of $96,860. Historically Strong Occupancy and Collections: Averaging over 99% for the last 12 Months and 97.2% Collection Rate Operational Upside in Expense Structure: Relief to Utilities given recent changes to Jackson Water

Investment Highlights

• 112 Units - Two & Three bedroom floor plans
• 134,912 Total SF/129,968 Rentable SF
• Built in 2000 with significant upgrades and improvements to the property and units.
• High occupancy rate averaging over 99% Occupancy for 12+ Months & a 97.2% Collection Rate
• Excellent Location in the Clinton submarket, with a Median HH Income of $96,860.
• Lowered Expense Structure resulting from utility relief from recent changes Jackson Water.
• Clear value-add opportunity in closing the gap between effective and max rents.