| Recent Renovation Program: 15-20 units renovated w/ new cabinets, countertops, PTAC HVAC, & white appliances |
| Value-Add Runway: Remaining unrenovated units offer clear value-add through unit-by-unit renovation at turnover to match completed units. |
| Building Systems Investment: Copper electrical throughout with predominantly new PTAC HVAC systems, minimizing near-term systems capex. |
| Charlotte Spillover on I-77: Charlotte’s residential growth is moving south down I-77 with new housing projects planned across the county. |
| Chester County Employment: Anchored by Giti Tire’s $560M NA HQ (1,700-job target), Poly-America, & 50+ regional manufacturers. |
| Manufacturing Growth Leader: Chester ranked #1 in the Charlotte Region for manufacturing employment growth, up about 70% from 2010 to 2020. |
William Graves
Marcus & Millichap
