New ownership will have the opportunity to acquire the premier apartment community in Adel based on Stone Ridge’s outstanding asset quality and location.
Prime Location with Lower Rents
Less than 30 miles from Valdosta, and 60 miles from Albany, Stone Ridge’s best-in-class units offer substantially lower rent prices with easy commute and access to larger cities.
Consistent and Growing Development
Adel, and Cook County, is primed for expansive growth, as evidenced by recent economic developments:
Proximity to Nearby Demand Drivers
Stone Ridge offers tenants quick access to area demand drivers, including:
The City of Adel recently announced a $7 million expansion to the city’s recreation facilities, with State tax incentives also granted for investment in historic downtown areas. Building vacancy has shrunk from 28% to less than 8% in the past 3 years.
Residents in Adel are more likely to rent than own (39% of residents), compared to Cook county (33%) and the U.S. at large (36%).
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 the 500 Fifth (“Property”) located in Nashville, TN. 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: