RTJJ Portfolio

Investment Overview

Aline Capital presents the R.T.J.J. Portfolio, a 141-unit rental portfolio spanning 45 parcels and approximately 14.66 acres in Gastonia, North Carolina. Comprising multifamily properties and single-family rentals, the portfolio offers immediate scale within the Charlotte metropolitan area, with reported occupancy of 93% and average in-place monthly rents of $954. The investment opportunity centers on improving operating performance through more efficient management, expense controls, and phased utility reimbursements. The offering’s underwriting identifies approximately $325,500 in potential annual operating expense savings and projects approximately $284,800 in annual utility reimbursements by Year 5. With in-place rents closely aligned with the memorandum’s estimated market rents, the business plan emphasizes operational improvements, vacancy leasing, and organic rental growth. Offered on a subject-to-offer basis, the portfolio provides an opportunity to acquire an established rental operation with multiple avenues for income enhancement.

Investment Highlights

• 141 Units Across 45 Parcels: Immediate portfolio scale in Gastonia within the Charlotte metropolitan area.
• 93% Reported Occupancy: Established rental base with average in-place rents of $954 per month.
• Operational Upside: Underwriting targets approximately $325,500 in annual expense savings through management and cost efficiencies.
• Untapped Utility Recovery: Approximately $350,900 in trailing annual utility costs with no reported reimbursements; underwriting projects $284,800 in annual recovery by Year 5.
• Rents Aligned With Market: Average in-place rents of $954 versus the memorandum’s estimated market rent of $957.
• Clustered Locations: Multiple properties concentrated along the same streets and within nearby neighborhoods, supporting coordinated management and maintenance.
• 14.66 Acres: Portfolio includes multifamily properties and single-family rentals across 52 addresses.
• Subject to Offer: Opportunity to acquire the portfolio through a competitive offering process.