595 East Broad Street, Columbus, OH 43215

Highlights

• Fully Renovated Unit Interiors - The property offers a complete set of upgraded units, with every apartment renovated to modern standards. These improvements support premium rent levels, strengthen leasing velocity, and reduce near-term capital expenditure requirements. Investors benefit from stabilized interiors that enhance both tenant retention and long-term asset value.
• Existing 12-Year Tax Abatement - A favorable 12-year tax abatement, effective beginning in 2023, substantially reduces operating expenses over the hold period. This structure improves cash flow, bolsters debt-service coverage, and provides a competitive advantage over comparable assets without similar incentives. The abatement materially enhances overall investment performance.
• Location & Strong Market Fundamentals - Columbus exhibits robust net absorption, balancing supply concerns, with vacancy rates stabilizing and rent growth outpacing national averages. This location, given its proximity to both the Broad St Corridor and Parsons Ave Corridor capital improvement plans, further supports stability of location and long-term growth projections.
• Economic Tailwinds - Transformative investments from Intel, Honda and Anduril Industries are reshaping the regional economy, driving explosive job growth and attracting new residents.