2541, 2555, 2606 & 4326 Keygate

The offering consists of a four-building apartment portfolio totaling 56 units, including two 16-unit buildings and two 12-unit buildings. The properties are located in a concentrated cluster, creating a unique opportunity for an investor to acquire scale in a focused geographic area while implementing a phased transition strategy.

The portfolio is currently owned and operated by an agency that provides sober living housing. The owner is in the process of consolidating these housing operations into a larger facility and intends to transition the residents out of the subject properties. Depending on the buyer’s preferred approach, the portfolio may be vacated within approximately 90 days of closing, allowing a new owner to renovate, reposition, and re-lease the units at market rents. Alternatively, the seller may consider a phased transition in which one building is delivered vacant every 60 to 90 days, allowing the purchaser to gradually absorb the units, complete improvements, and manage lease-up in stages.

Due to the current use and operating structure of the properties, traditional multifamily financial documentation, including a standard rent roll and trailing 12-month income and expense statement, is not available and would not accurately reflect the properties’ potential performance as conventional market-rate rental housing. As a result, the Annual Property Operating Data included in this Offering Memorandum is based on management’s estimate of achievable market rents and realistic operating expenses for comparable market-rate apartments in the area.

The pro forma financials are intended to provide prospective purchasers with a reasonable projection of how the portfolio may perform following stabilization as traditional rental housing. While the current operations do not reflect a typical market-rate apartment investment, the portfolio presents a compelling value-add opportunity for an investor to reposition the assets, establish market rents, and create stabilized multifamily income over time.

Prospective purchasers should conduct their own due diligence regarding market rents, renovation scope, operating expenses, lease-up timing, and overall investment strategy.