New Construction, 312 Units The property has 13 three-story garden walk-up buildings with 344,331 rentable square feet. Six floor plans of one, two and three bedrooms average 1,104 square feet. 30-Year PILOT An executed Financial Agreement with Winslow Township sets the annual service charge at the greater of 10% of annual gross revenue or a minimum charge, for 30 years. Staged adjustments begin in year 15. No Rent Control Winslow Township's rent control chapter covers only mobile home spaces. As new construction, the property is also exempt from municipal rent-increase limits for up to 30 years under N.J.S.A. 2A:42-84.2. Lease-Up Upside The community is in lease-up, so a new owner can capture the remaining units at market rents and grow rents on renewal and turnover. Resort-Style Amenities Residents enjoy a clubhouse, fitness center, swimming pool and spa, sundeck, and grills and picnic area. The property also offers resident storage, EV charging, preferred parking and a pet wash. Commuter Location and Strong Demographics The property is about 1.5 miles from ACE Exit 38 and the NJ Transit Avandale Park & Ride, and about 35 minutes from Center City Philadelphia. It is near major employers Virtua, Cooper, Jefferson and Rowan. Within five miles there are 104,077 residents with a median household income of $103,740 (ACS 2020-24).