Ivy Green Apartments

Ivy Green Acquisition Overview

J+G Companies is pleased to present Ivy Green Apartments, a 100-unit investment opportunity located in Richmond, Indiana. Ivy Green is a well-maintained, all-brick community with consistent historical performance and upside potential featuring an ideal mix of spacious two and three-bedroom apartment homes averaging 826 square feet.

This acquisition represents an opportunity to secure a cash-flowing, well-located asset with potential to yield immediate returns and long-term upside. Our strategy is to leverage our operational expertise to optimize performance, enhance income, and maintain high occupancy. With minimal capital expenditures required and strong market fundamentals, we view this property as a stable cash flowing investment with growth potential.

This investment opportunity is structured with a purchase price of $7.5 million, supported by a $5.7 million loan and an equity raise of $3.0 million. The offering will be conducted under Regulation D, Rule 506(c).

Why We Like This Opportunity:

• Immediate Cash Flow – We believe the property will produce day-one distributable cash flow, ensuring immediate income generation for investors.
• Attractive Value – The property was acquired at a cap rate above market averages, compared to other opportunities in today’s environment.
• Favorable Debt Structure – We obtained favorable debt pricing with a four-year interest-only term to support strong cash flow.
• Downside Protection – There is a conservative break-even occupancy, projected to be 73%, coupled with a strong historical record of high occupancy.
• Rent Growth Durability – The property benefits from limited market supply. No new construction has occurred in the submarket in over a decade.
• Insulated from New Supply – At a purchase price roughly half of replacement cost, the asset is well-positioned against potential future deliveries.
• More Modern Asset – With a 1990s build date, the property is among the more modern communities in the Richmond market.
• Operational Synergies – As a sister property to our existing asset, Turnberry Square, Ivy Green will benefit from shared operational efficiencies and economies of scale