Conveniently Located Within Walking Distance to Top Retailers and Iconic Chicago Attractions

• Prime location: minutes from renowned Chicago attractions such as Grant Park, Soldier Field, the Museum Campus, and the Lakefront
• Convenient Living: Walking distance to national brands Target, Walgreens, Trader Joe’s, Dunkin’, Pure Barre and Orangetheory
• Commuter Friendly: 5-minute walk to Roosevelt Station, providing access to multiple CTA lines running through the Loop

South Loop Presents the Greatest Opportunity for Rent Growth in Chicago,a Market with Nation Leading Fundamentals

• Since 2015, rents in the South Loop have grown a cumulative 34% - Second highest of any Chicago downtown submarket
• The gap between South Loop rents and other downtown submarkets has decreased 18% in the last ten years
• Multifamily deliveries in the Chicago CBD are set to drop 31% in the next four years compared to the 10 year historical average – with South Loop deliveries down a dramatic 49%

Denominator Effect

• South Loop rents are currently $284 below other downtown Chicago submarkets
• The gap between South Loop rents and those other submarkets has decreased 18% in the last ten years. The tightening of that spread is largely due to the denominator effect.
• As rents in the South Loop are starting at a lower monthly rent (lower denominator), there presents more opportunity for outsized rent growth
• Assets renting at $4.15 psf would require an increase of $0.20 per sf to achieve 5% rent growth, compared to only $0.15 per sf at 1400 S Wabash which is $3.15 psf (32% difference)

Attainable Luxury Housing Attracting Young Urban Renters

• Robust Submarket with High Earning Tenant Base - Median HH Income of $125,521 within 0.5mi
• 63.4% of households earning over $100,000
• Strong operational performance demonstrated by attractive positioning in submarket
• Renewals and trade outs averaged 3.28% over the last year, with renewals driving the increase at 5.4%
• 12% increase in net rental income and 13% increase in NOI throughout 2024