Offering Summary

Jones Lang LaSalle (“JLL”) is pleased to present Cortona at Forest Park (“Cortona”), a 278-home mid-rise apartment building featuring a premier location next to St. Louis’ Forest Park, as well as nearby downtown Clayton and Central West End. Cortona 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.

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

 

Value-Add Story

  • Competitive apartment finishes primed for interior value-add
  • Verified renovation to modernize homes and achieve $300 premiums
  • Opportunity to reimagine some amenity spaces 

 

Incredible Tax Benefits 

  • Desirable tax abatement in-place through 2038
  • Owner only pays 50% of tax bill with no reassessment 

 

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

  • Strong Occupancy (99%)
  • 60% Retention 

Property Summary

Street Address 

5800 Highlands Plaza Drive

City, State

Saint Louis, MO, 63110

County 

St. Louis City 

Number of Homes 278
Rentable Square Feet 222,908 SF
Average Home Size 802 SF
Occupancy 95%
Year Built 

2014

Parking 

102 Garage Spaces 

229 Surface Spaces 

331 Total Parking Spots 

Parking Ratio  1.9x 
Financing  Available All Cash 

Tours

Please contact JLL to set up a tour of the properties. The owner and JLL respectfully request that interested parties refrain from contacting any on-site personnel or residents. Tours must be scheduled in advance by contacting Kevin Girard (kevin.girard@jll.com) or Zach Kaufman (zach.kaufman@jll.com) .

Fitness Center
Community Room
Pool
Living Room
Kitchen

Investment Contacts

Kevin Girard 

Managing Director

773.263.3890

kevin.girard@jll.com 

Zach Kaufman

Director 

847.830.8883

zach.kaufman@jll.com

Matthew Lawton

Executive Managing Director

312.528.3656

matthew.lawton@jll.com  

Mark Stern

Managing Director

312.651.6725

mark.stern@jll.com 

Henry Voges Jr. 

Senior Vice President 

314.261.7372

henry.voges@jll.com 

Licencing MO #1999144162

Financing Contact

Trent Niederberger

Managing Director 

312.528.3682

trent.niederberger@jll.com 

Although information has been obtained from sources deemed reliable, JLL does not make any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. JLL does not accept any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement with JLL regarding this matter, this information is subject to the terms of that agreement. ©2023. Jones Lang LaSalle IP, Inc. All rights reserved.