Trails at Mariemont

Cincinnati, OH

A 91-unit Class B- apartment and townhome community located in Cincinnati, Ohio's desirable suburb of Mariemont. The property, which was constructed in 1970, offters tenants spacious 1-, 2-, amd 3-bedroom floor plans with in-unit laundry and attached garages in select floorplans.

Year Built

1970

Number of Units

91

Average Unit Size

1,222 SF

Investment Highlights

8204 WOOSTER PIKE

CINCINNATI, OH 45227

Trails at Mariemont is a 91-unit Class B apartment and townhome community located in Cincinnati, Ohio MSA. The property offers tenants spacious 1-, 2-, and 3-bedroom floor plans averaging over 1,222 square feet with in-unit laundry and attached garages in select floorplans. The property appeals to tenants seeking large units as 88% of the floorplans are a 2-bedroom or larger. In addition to high-quality units, the property boasts comprehensive on-site amenities including a fitness center, pool, and playground. Midloch projects current rents are below market, which provides an opportunity to add value through property renovations and hands-on professional property management. Midloch has budgeted ±$17,500 per unit to perform unit renovations and cure deferred maintenance.

The property is located in Cincinnati’s desirable suburb of Mariemont. The master-planned community is known for its strong demographics, and a top-rated public-school system (rated A+ by Niche.com). Due to its historic charm, the Village of Mariemont was designated as a National Historical Landmark community in 2007. Due to the strong demand and occupancy, rents have grown by 7.4% over the past 12 months. Stable housing demand in the area is caused in part by sizable local employers such as Kroger, Proctor and Gamble, Macy’s, and several other fortune 500 companies.

CONTACT

Tim Donovan

414.795.5849
tim@midloch.com

CONTACT

Gabriella Garcia

312.625.7162
gabriella@midloch.com

Find New Value in Real Estate

CHICAGO

MILWAUKEE

MINNEAPOLIS

+1 414 644 0353

DISCLAIMER: This website is for informational and discussion purposes only and is not, and may not be relied on in any manner as, legal, business, financial, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or other opportunity sponsored by Midloch, LLC, or its affiliates (each, an “Opportunity”) or to participate in any investment strategy and may not be used or relied upon in connection with any offer or sale of securities. A private placement of interests in an Opportunity will only be made pursuant to a definitive confidential private placement memorandum, term sheet or similar offering document (as such may be amended or supplemented from time to time, a “Memorandum”), an Opportunity’s subscription documents, and a Opportunity’s limited liability company agreement or limited partnership agreement, as applicable, as it may be amended and/or restated from time to time, which will be furnished to qualified prospective investors on a confidential basis at their request and should be reviewed in connection with any consideration of an investment in an Opportunity. No assurance can be given that any Opportunity’s investment objectives will be achieved. This website does not contain all of the information and risk factors that would be important to an investor in making an investment decision and is not an offer to sell a security or the solicitation of an offer to buy a security. A discussion of material risks involved in an investment in an Opportunity is included in the Memorandum related to such Opportunity. By accessing this website and reviewing the information provided herein, you understand, acknowledge and agree that none of Midloch, LLC, its affiliates and/or their respective members of management, officers, managers, directors, agents and representatives shall have any liability for any misstatement or omission of information contained herein.

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Find New Value in Real Estate

CHICAGO

MILWAUKEE

MINNEAPOLIS

+1 414 644 0353

DISCLAIMER: This website is for informational and discussion purposes only and is not, and may not be relied on in any manner as, legal, business, financial, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or other opportunity sponsored by Midloch, LLC, or its affiliates (each, an “Opportunity”) or to participate in any investment strategy and may not be used or relied upon in connection with any offer or sale of securities. A private placement of interests in an Opportunity will only be made pursuant to a definitive confidential private placement memorandum, term sheet or similar offering document (as such may be amended or supplemented from time to time, a “Memorandum”), an Opportunity’s subscription documents, and a Opportunity’s limited liability company agreement or limited partnership agreement, as applicable, as it may be amended and/or restated from time to time, which will be furnished to qualified prospective investors on a confidential basis at their request and should be reviewed in connection with any consideration of an investment in an Opportunity. No assurance can be given that any Opportunity’s investment objectives will be achieved. This website does not contain all of the information and risk factors that would be important to an investor in making an investment decision and is not an offer to sell a security or the solicitation of an offer to buy a security. A discussion of material risks involved in an investment in an Opportunity is included in the Memorandum related to such Opportunity. By accessing this website and reviewing the information provided herein, you understand, acknowledge and agree that none of Midloch, LLC, its affiliates and/or their respective members of management, officers, managers, directors, agents and representatives shall have any liability for any misstatement or omission of information contained herein.

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