Lakewood IV Portfolio

Investment Highlights

• • Owned and managed by local family for the last 50+ years
• • Attractive going-in basis providing flexibility of business plan to renovate or organically increase rents
• • Upside through organic rent growth of $100+ and upside through cosmetic updates of $250+ on average
• • Strong historical occupancy averaging in the high 90s percent
• • Highly desirable suburban location of Lakewood; ranked #25 out of 6,805 suburbs nationwide for Young Professionals and is the densest city between NYC and Chicago
• • Within 10 minutes of Ohio City, Tremont, and Downtown Cleveland
• • All four properties located within 2 miles of each other with restaurants, nightlife, shopping, and major employers in between