3 Locations For Sale

Alpine:

• • Broad Appeal Across Anchorage’s Renter Base: With a mix of studios, one-bedroom, and two-bedroom floorplans, Alpine appeals to a wide range of renters and benefits from steady, diversified demand. The property is well-positioned to serve military households from Joint Base Elmendorf-Richardson, students, and local families, helping support leasing consistency across market cycles.
  • Amenities That Compete Well in the Submarket: Alpine offers a well-rounded amenity package that stands out within the submarket, including a clubhouse, 24-hour fitness center, dog run, playground, and gated access. These features enhance the resident experience while helping drive retention and maintain leasing momentum.
  • Stable Cash Flow with Organic Growth Already in Place: Produces durable in-place cash flow, supported by historically low delinquency of approximately 0.5%. Combined with strong renewal performance and achievable renewal increases of $40 to $75 per month, Alpine offers both day-one income stability and a clear path to continued organic rent growth.
  • Meaningful Mark-to-Market Opportunity: Alpine has already shown it can achieve competitive rents, yet current average rents remain 7.0% below market. That gap creates an attractive opportunity for new ownership to continue pushing rents through disciplined lease management and natural turnover.

The Greenbriar:

• • Irreplaceable Position in a Supply-Constrained Pocket: The Greenbriar sits in one of the area’s most desirable residential enclaves and benefits from an extremely limited competitive set. Within a half-mile radius, it is one of only four multifamily communities with more than five units, supporting durable occupancy and long-term pricing power.
  • Spacious Floorplans with Highly Valued Features: A mix of spacious studios, one-bedroom, and two-bedroom floorplans broadens the property’s appeal across multiple renter profiles. Select units offer private patios or balconies, fireplaces, and mountain views, helping support leasing momentum and resident retention.
  • Proven Rental Upside with Room to Run: The property has already demonstrated strong pricing traction, with recent lease trade-outs on upgraded units achieving new lease premiums of more than 11%. Even with that performance, in-place average rents remain approximately 4.3% below market, creating a compelling opportunity to continue capturing upside through disciplined revenue management and execution of the renovation strategy.
  • Demand Driven by Healthcare and University Employment: The Greenbriar is located near some of Anchorage’s most important medical and educational institutions, creating a deep and stable renter base. Southcentral Foundation serves as a major economic anchor for the area, supporting over 3,000 jobs, while the surrounding medical and university presence strengthens demand from healthcare workers, staff, students, and affiliated households.

College View:

• • Institutional-Quality Location in Anchorage’s UMED District: College View sits in the heart of Anchorage’s highly desirable UMED district, putting residents near University Lake, area bike trails, and a strong mix of neighborhood retail and dining in one of the city’s most established live-work-play environments.
  • Broad Appeal Across Multiple Renter Profiles: A mix of studios, one-bedroom, and two-bedroom floorplans supports broad renter appeal and leasing stability, allowing College View to capture demand from students, medical professionals, and other workforce households.
  • Stable Cash Flow with Embedded Revenue Growth: Minimal delinquency and recent lease renewal premiums above 7% support durable collections and continued organic revenue growth.
  • Recent Capital Improvements: Recent capital investment, including parking lot repaving, exterior and handrail painting, staircase replacements, and major plumbing upgrades, has improved the property’s condition and limited near-term deferred maintenance.
  • Demand Anchored by University and Healthcare Employment: The property benefits from immediate proximity to the UAA campus and several of the region’s leading healthcare employers, including Providence Alaska Medical Center, Alaska Native Medical Center, and Alaska Regional Hospital. Limited on-campus housing at UAA further strengthens the opportunity to capture student rental demand and explore a university-related housing partnership.