1025 1035 FAIR AVE Columbus OH 43205-3130

Colliers is pleased to present Park Place, 82 affordable units positioned near the Nationwide Children’s

Hospital (17,000 jobs) and Ohio State University (67,250 students and 41,000+ jobs). In good physical

condition, Park Place is a stable affordable asset that offers multiple paths to add value. Currently

81% occupied, there is immediate upside by stabilizing occupancy and realizing increased cash-flow.

Park Place’s affordability component expires in 2034, allowing new ownership to convert the property

to market-rate. All 82 units currently feature tile floors, oak cabinets, laminate countertops, and white

appliances. Upon conversion to market-rate, a comprehensive renovation program including higher end

laminate countertops, hardwood-style floors, modern cabinets, and either black or stainless steel

appliances unlocks the substantial revenue upside.

New ownership will leverage excellent multifamily fundamentals in Columbus including strong demand

(96% average occupancy), positive net migration, accelerating rent growth, and close proximity to Ohio

State University and the Ohio State Government to stabilize Park Place and significantly push top-line

rents upon conversion to market-rate.

42 Apartment Units in Olde Town East and 40 Townhome Duplexes in South Linden.

A STABLE AFFORDABLE ASSET MINUTES FROM OHIO STATE UNIVERSITY: Immediate upside through stabilizing

occupancy and increased cash-flow

A CONVERSION TO MARKET-RATE IN 2034: New ownership can convert Park Place to market-rate in 2034

FUTURE VALUE-ADD UPSIDE: All 82 units are unrenovated with tile floors, laminate countertops, oak cabinets,

and white appliances

A CLEAR PATH TO ADD VALUE: Nearby market-rate communities are achieving average rents up to $1,445/unit

A 96% AVERAGE OCCUPANCY IN COLUMBUS: Very stable market with increasing demand

A EXCELLENT LONG-TERM OUTLOOK: Net migration, income growth, & great employment base

A CLOSE TO MAJOR EMPLOYERS: Ohio State University, the Ohio State Government, & large hospitals