Avion Place

Investment Overview

STRONG CENTRAL LOCATION ADJACENT TO LAMBERT INTERNATIONAL AIRPORT AND BOEING’S ST. LOUIS HEADQUARTERS Avion Place is ideally positioned in the North County submarket, directly adjacent to Lambert International Airport and Boeing’s St. Louis headquarters, two of the region’s largest employment drivers. This proximity provides a deep and stable renter pool, supporting long-term demand and occupancy performance. The location benefits from consistent workforce housing demand tied to these major employers. WELL-OCCUPIED ASSET PROVIDING IMMEDIATE, STABLE CASH FLOW The property is currently operating at approximately 92% occupancy, offering investors immediate and reliable in-place income. Historical performance demonstrates consistent demand within the submarket, supporting steady operations. This stability allows for a seamless transition of ownership with limited near-term leasing risk. COMPELLING VALUE-ADD OPPORTUNITY WITH MARK-TO-MARKET RENT UPSIDE Avion Place offers a clear path to increase revenue through continued interior unit upgrades, including modern cabinetry, stainless steel appliances, and vinyl flooring. These improvements position the asset in line with renovated product in the submarket while supporting achievable rent growth. As units are upgraded and operations are optimized, ownership can capture meaningful mark-to-market rent increases, driving NOI growth over the hold period. EFFICIENT UNIT MIX COMPLEMENTED BY WELL-MAINTAINED, RESIDENT-FOCUSED AMENITIES The property features an efficient mix of one- and two-bedroom floorplans that appeal to a broad renter base, supporting consistent leasing velocity and occupancy stability. The property is well maintained and complemented by a practical amenity package, including on-site management, controlled access, and ample parking. Interior features such as upgraded cabinetry, stainless steel appliances, and washer/dryer connections enhance the overall resident experience and position the asset competitively within its vintage. ATTRACTIVE BASIS RELATIVE TO REPLACEMENT COST Avion Place presents an opportunity to acquire a well-located asset at a basis that remains meaningfully below the cost to deliver comparable new construction in today’s environment. This provides investors with a margin of safety while maintaining upside through value-add execution. The basis supports both downside protection and future appreciation potential. EXCELLENT CONNECTIVITY TO REGIONAL HIGHWAYS AND EMPLOYMENT NODES Avion Place offers convenient access to I-70, I-170, and I-270, providing seamless connectivity throughout the St. Louis MSA. Residents benefit from efficient access to major employment centers, retail corridors, and the airport. This accessibility reinforces the property’s appeal as a convenient and well-connected housing option.