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5700 Highlands Plaza DrSt. Louis, MO 63110
Encore at Forest Park
Asset ClassMultifamily
Luxurious 247-Home Apartment Community | Extremely Attractive Assumable Debt | Adjacent to St. Louis’ Famed Forest Park
overview of deal


Jones Lang LaSalle (“JLL”) is pleased to present Encore at Forest Park (“Encore”), a Class-A, 247-home mid-rise apartment community featuring a premier location next to St. Louis’ Forest Park, as well as nearby downtown Clayton and Central West End. Encore offers an unbeatable live/work/play location that is a short commute to all Forest Park has to offer, as well as top employers, entertainment, retail, restaurants, and downtown St. Louis. This can’t-miss investment opportunity is available free and clear or via assuming the favorable existing loan (2.4% fixed rate, full term I/O, 55 months remaining).

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Investment Highlights

Premier Location

  • Adjacent to beautiful Forest Park
  • Abundance of entertainment, restaurant and retail options surrounding Forest Park, including Clayton and Central West End
  • Proximate to Barnes Jewish Hospital, Wash U, Saint Louis University, Cortex Innovation District, and other top employers, education and healthcare

Incredible Tax Benefits

  • Desirable tax abatement in-place through 2043
  • Assessed valuation for improvements is 100% abated through 2028.  Beginning in 2029, the property is 50% abated on the full appraised value of the land and improvements

Best-In-Class Development with Top Amenities

  • Part of walkable master-planned development inclusive of restaurants, fitness, healthcare, hospitality, office and private park
  • Unbeatable community amenities including resort-style pool

Superb Property Performance

  • Last 75 leases show a 5% premium over in place effective rents
  • Stellar 98% Occupancy
  • Zero properties under construction within a 1-mile radius
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5700 Highlands Plaza DrSt. Louis, MO 63110
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Listing provided by Revere CRE