The Aster | Revere

THE OFFERING

BWE Investment Sales LLC (BWE) is pleased to offer the exclusive opportunity to acquire The Aster, a 206-unit Class-A apartment community located in Beachwood, OH, 11 miles from downtown Cleveland. Built in 2018, The Aster is a new standard in upscale living, featuring efficient floorplans and sophisticated finishes and is conveniently located in Greater Cleveland’s premier dining and shopping region featuring retailers such as Whole Foods, Trader Joe’s, Life Time Fitness, Apple, and many more. Tenants are able to enjoy the retro game room, fitness center, business center, and heated swimming pool. The luxury apartment community also features fire pits, multiple gas grilling stations, temperature controlled structured parking, and many other lavish amenities.

INVESTMENT SUMMARY

INVESTMENT HIGHLIGHTS

EXCELLENT LOCATION

Irreplaceable and convenient location, just 11 miles from downtown Cleveland and just minutes from major employers including The Cleveland Clinic and University Hospital Ahuja Medical Center.

LIVE, WORK, PLAY

Located in Beachwood, OH, the southeast side of Cleveland features some of the most premiere live, shop, dine, and play mixed-use and lifestyle centers one can find

RENT INCREASE OPPORTUNITY

Real opportunity to raise rents. Currently 95% leased and the property consistently maintains occupancy of 95%+ all the while effective rents have been on a consistent upward trend

DESIRABLE DEMOGRAPHICS

Annual resident income at the property averaging $141,995 with immediate surrounding area home values of $700K+

HIGHLY RANKED SCHOOL DISTRICT

Located in the Beachwood City School District, rated the 6th best school district in Ohio, based on Niche 2023 rankings

LOCATION HIGHLIGHTS