| Current Occupancy: Brittany Arm’s current occupancy is 97.5%. |
| Significant Rent Delta: Brittany Arms has a meaningful rent delta to the market-leading competitors, to internal market rates, and to renovated units |
| Additional Profitability: Additional profitability is available through the recent renovation of more than half of the units and rent increases. |
| Asset Condition: Brittany Arms was constructed in 1971 and is in excellent physical condition lending itself to multiple renovation and repositioning |
| Curb Appeal: Recent investment in exteriors and landscaping has created an inviting and attractive property. |
| Limited New Supply: High barrier to entry submarket with no additional planned supply and no new construction. |
Brian Savage
Colliers
