2 Locations

OAK RIDGE DRIVE DUPLEXES

NEWER CONSTRUCTION ASSET WITH LIMITED CAPITAL REQUIREMENTS

Constructed between 2014 and 2017, the portfolio represents a modern, purpose-built rental product with minimal near-term capital expenditure needs. The assets reflect contemporary design standards, reducing operational risk and preserving cash f low durability.

RETAIL EXIT OPTIONALITY THROUGH INDIVIDUAL PARCEL STRUCTURE

Each unit is individually parceled, enabling disposition to owner-occupants or smaller investors. This structure provides f lexibility to capture value beyond traditional income-based valuation metrics.

PREMIER LOCATION WITHIN DENISON’S PRIMARY RESIDENTIAL GROWTH CORRIDOR

The portfolio is located within one of Denison’s most desirable residential pockets, adjacent to Crawford County Memorial Hospital and surrounded by newer construction housing. This positioning supports tenant demand from healthcare and professional sectors while aligning the asset with the highest quality residential inventory in the market.

LOW-DENSITY PRODUCT IN SUPPLY-CONSTRAINED MARKET

The portfolio consists of duplexes and townhomes, a product type that is underrepresented in Denison’s rental inventory. This format aligns with tenant preferences for privacy, garage parking, and low-density living, supporting long-term occupancy stability.

MEG'S WAY TOWNHOUSES

STRONG ALIGNMENT WITH WORKFORCE HOUSING DEMAND

The assets are positioned to serve Denison’s workforce housing segment, offering quality housing at a cost basis below new replacement levels. This segment continues to demonstrate consistent demand driven by local employment stability.

EMBEDDED RENT GROWTH POTENTIAL

Given the relative affordability of the current rent structure and limited competitive new supply, there is a clear pathway for organic rent growth through operational optimization and market alignment.

GARAGE PARKING ENHANCES TENANT RETENTION

Each unit includes a private, single-car garage, a highly valued amenity in the market. This feature supports tenant retention and reduces turnover-related expenses.

QUALITY CONSTRUCTION BY ESTABLISHED DEVELOPER

Developed by Foutch Brothers LLC, the portfolio benefits from consistent construction quality and design across both assets, creating operational efficiencies and a cohesive tenant experience.

SCALE WITHIN A TIGHTLY HELD MARKET

At 26 units, the portfolio represents meaningful scale within Denison, a market characterized by limited institutional ownership and infrequent transaction activity.

ATTRACTIVE BASIS RELATIVE TO REPLACEMENT COST

Given current construction costs and inflationary pressures, acquiring comparable new construction product would require a materially higher basis, creating an inherent value cushion for investors.