Value-Add Opportunity: New ownership will have the opportunity to increase rents by renovating the interiors, including new counters, flooring, cabinets, lighting, and fixtures.
Large Floor Plans: The Henderson Portfolio has an average floor plan size of 1,077 SF. Over 74% of the various units feature 2 or 3 bed units.
Diversification Opportunity: New ownership has the opportunity to diversify their portfolio by acquiring 28 different properties, varying from single family homes to small apartment complexes.
Neighborhood Setting: The Henderson Portfolio offers tenants a unique neighborhood setting with paved streets, sidewalks, lush landscaping, and garages in many of the various properties. Potential tenants have the opportunity to live in their own house or duplex rather than an apartment complex.
Build To Rent Potential: The demand for build-to-rent communities is at an all-time high, being driven by demographic & lifestyle shifts, affordability changes, and increased competition from out of state buyers. The Henderson Portfolio offers buyers a chance to enter into an expanding market.
Primed For Rent Growth: The Evansville market has seen rent growth this year of 8.0% YTD that is expected to remain high for the foreseeable future, according to costar research. 2022 rent growth is expected to be 7.6%. Furthermore, no units are in the pipeline for the area, giving landlords the upper hand for raising rents.
Proximity To Henderson Employers:
The Henderson Portfolio allows tenants quick access to Henderson’s major employers, including:
Proximity To Evansville’s Best Retail:
The Henderson Portfolio is ideally positioned within 20 minutes of Evansville’s premier shopping centers, including:
Evansville’s Major Employers:
The Evansville area is home to several large employers, including:
Proximity To Owensboro Demand Drivers:
THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by The Kirkland Company (“Broker”), exclusive listing broker for the Property, and (“Buyer”) regarding the sale of the property known as Henderson Portfolio (“Property”) located in Henderson, Kentucky. The obligation of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owner.
BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. The Owner of the property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement. To receive an Offering Memorandum (“Offering Memorandum”) please read, sign and return this Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation.
THEREFORE, THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
In connection with your interest in a potential, negotiated acquisition of those certain properties listed in Exhibit A hereto (individually or collectively as the context may require, the “Property”) from [Seller] (individually or collectively as the context may require, the “Company”), you have requested certain information concerning the Property from the Company and its affiliates and its and their respective directors, officers, members, partners, employees, representatives, agents and/or advisors (including without limitation, attorneys, accountants, consultants and financial advisors) (individually or collectively as the context may require, the “Company’s Representatives”). In consideration of furnishing you with the Evaluation Material (as defined herein), the Company requests your agreement to the following: