Heather Apartments

Investment Overview

Twenty-five units across 17,760 rentable square feet — the largest community in the portfolio by unit count. A versatile floor plan mix of one-bedroom, two-bedroom / one-bath, and one studio unit, recently renovated under current ownership. Twenty-one units are leased and performing; four are down and in make-ready. The standout opportunity is the rent profile. 2025 and 2026 leases signed on-site at materially higher rents establish the achievable market and define a defensible renewal strategy. The primary path to stabilized cash flow is operational — turn the open units, hold the existing tenant base, and capture the loss-to-lease as units turn or renew. Heather is offered standalone or as part of the five-property Poteau Apartments Portfolio.

Investment Highlights

• 25 units · 17,760 SF · the portfolio's largest by unit count
• Versatile mix: 1BR, 2BR/1BA, plus one studio
• Recently renovated
• 21 units leased and performing; 4 in make-ready — immediate lease-up upside
• Widest in-place-to-market rent gap in the portfolio
• 2025–2026 on-site leases validate the achievable market
• Offered standalone or in the five-property Poteau Apartments Portfolio