LIGHT VALUE-ADD OPPORTUNITY

Previous ownership completed select interior upgrades, including cabinet enhancements across a portion of the units. Current ownership has maintained unit conditions, providing a clear opportunity for a new owner to implement a light interior upgrade program.

W/D CONNECTION UPSIDE

Approximately 33 units currently lack washer/dryer connections, presenting a clear path to drive additional revenue through in-unit upgrades. Adding connections across these units could potentially generate ~$20–$30/month premiums, while also creating the opportunity to repurpose the existing laundry facility into additional amenity or income-generating space.

MANAGEMENT EFFICIENCY OPPORTUNITY

The property is currently operating with an elevated expense load relative to market benchmarks, presenting a clear opportunity for new ownership to implement more efficient management practices. Through expense normalization and operational optimization, a new operator can drive meaningful NOI growth while maintaining property performance.

98% TOWNHOME PRODUCT WITH FAVORABLE BASIS

Huntley Ridge Townhomes offers a 98% townhome community within a submarket primarily comprised of traditional garden-style apartments, providing a differentiated, low-density product with limited direct competition. The opportunity to acquire the asset at an attractive basis further enhances its positioning, allowing investors to achieve a compelling entry point.

LOUISVILLE ECONOMIC MOMENTUM

The Louisville MSA continues to experience strong economic momentum, with more than $1 billion in recent investment and a pipeline exceeding $3.3 billion across 60+ active projects expected to deliver thousands of new jobs. Major initiatives, including GE Appliances’ $490 million expansion adding 1,000 jobs and the $400 million modernization of Louisville Muhammad Ali International Airport, are enhancing infrastructure, strengthening the region’s logistics advantage, and supporting long-term population growth and multifamily demand.