Idlewild 45

Investment Overview

Idlewild 45 is a 10-story, luxury apartment property that has recently undergone a multi-million dollar renovation and is located in the heart of the trendy and upscale neighborhood of Midtown Memphis, minutes to the Core Business & Medical Districts. Idlewild 45 is located one block north of Union Avenue, the most travelled thoroughfare in the area, linking Downtown, The Medical District, Midtown, University Area and East Memphis providing unparalleled exposure and access to jobs and entertainment centers in the city. In addition to unit interior features including luxury finishes, walk-in closets, and balconies, Idlewild 45 is gated with control access, has a resort style pool, dog wash station and dog park, 24 hour fitness center, great city views, lounge, yoga room, business center, sundeck, coffee & tea bar, onsite laundry facility and billiards room. The immaculate condition and quality of the asset presents an opportunity to acquire a prime asset in a prime location with little to no immediate capex needs; ensuring low cost maintenance for years to come. There is significant increased income potential achieved by improving operations and pushing occupancy to the stabilized market rate. Idlewild 45 is lender owned and operated. Below market debt options are available.

Investment Highlights

• Ideally located in the heart of the highly sought-after Midtown Memphis market
• Recently undergone a multi-million dollar renovation effort
• Close proximity to largest white collar employers in the area
• Lender Owned and Operated
• Creative Debt Available