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
CONTACT US
EVP & Managing Director
BWE Investment Sales LLC
(216) 536-4148
david.roth@bwe.com
License No. 201900648 (OH)
Robert Starrett
Senior Vice President
BWE Investment Sales LLC
(440) 708-6302
rob.starrett@bwe.com
License No. 2020000089 (OH)
Brandon Kosek
Vice President
BWE Investment Sales LLC
(440) 728-8552
License No. 2016000447 (OH)
Cody Carey
Vice President
BWE Investment Sales LLC
(614) 264-3510
License No. 2019002920 (OH)