Overview
Colliers Structured Finance (“Colliers”) is pleased to present an exceptional equity investment opportunity to partner with Poa Capital Group (“Poa”) and Coastal Ridge Real Estate (“Coastal Ridge”) for the acquisition of The Residences at Eastwood (“The Property”), a distinctive collection of 159 cottage-style Class A multifamily residences located at 9060 Heirloom Ln, Reynoldsburg, OH 43068. Representing one of the Columbus MSA’s most differentiated rental housing products, The Residences at Eastwood features 100% two-bedroom, two-bathroom floor plans averaging 1,233 square feet with attached two-car garages, private driveways, and resort-style amenities in the rapidly growing Reynoldsburg submarket.
Investment Highlights
Colliers is actively seeking an equity investor to participate in this value-add acquisition, with significant operational advantages already in place including 98% occupancy, 2024 vintage construction delivered just 14 months ago, and substantial below-market rents creating immediate mark-to-market upside of approximately 8%. Property operations will commence immediately upon closing, with value-add initiatives including backyard enclosures, washer/dryer installations, and unit reconfigurations to be implemented throughout the hold period, targeting a disposition in Year 5.
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