​Off Market 220 Unit Minneapolis MN, 16 Building Portfolio:

[Reginald Lewis]

Off Market 220 Unit Minneapolis MN, 16 Building Portfolio: Ask $29M + 3% 10% assignment fee

Buyer’s Fee, 7.7% Cap. Class B, 100% Occupancy

Current/Actuals: 7.7% Cap Rate, 1.60 DCR, 9.1% CoC

Total # of Units: 220

Current Ask: $29M

# of Buildings: 16 (All within close proximity to each other, 1 Property Management Company

Can Manage).

Building Class: B

Neighborhood Class: B

Current Gross Actual Annual Rent: $2,489,004

Total Vacancies: 3 (99% Occupancy)

Average Rent (Current): $1,076

Market Rent: $1,250

Potential Annual Gross: $2,948,364.00

Over 100 Units recently fully renovated in past 12 months and already back to fully rented.

Need a POF and LOI to get in-depth information. POF must show bank contact with phone

number.