Hazelwood Forest Hazelwood, MO

Investment Highlights

• Fully Proven Value-Add Upside Through Cosmetic Unit Renovations
• Impressive In-Place Operations Offer Strong Day One Cash Flow
• Fantastic Workforce Location – Surrounded By Region’s Largest Employers
• Unmatched Access & Connectivity to Entire St. Louis MSA
• Extremely Attractive Basis – Well Below Current Replacement Cost
• Unique Opportunity To Obtain Immediate Scale with 168 Units
• Offered Free & Clear of Existing Debt

Fully Proven Value-Add Upside Through Cosmetic Unit Renovations

Hazelwood Forest offers classic interior finishes across 42% of units, giving new ownership the opportunity to achieve significant rent premiums of $150-200+ per unit (monthly). Light interior cosmetic upgrades (LVP flooring, new cabinets, black appliances, new fixtures) have been completed on 58% of units, with remaining upside available on these renovated units by installing new fixtures and a modern paint scheme. New ownership has a clear path to upgrading the classic & renovated units to a new premium finish level to push annual rental income by over $180,000!

Impressive In-Place Operations Offer Strong Day One Cash Flow

Hazelwood Forest offers high occupancy and extremely strong in-place operations – allowing new ownership to generate extremely strong day one cash flow. Going forward, as the new owner continues to capitalize on the proven value-add business model, they will see outsized cash returns as rental income continues to grow!

Fantastic Workforce Location – Surrounded By Region’s Largest Employers

The Asset is uniquely positioned in the center of Hazelwood Logistics Center, the largest industrial distribution park in the region. Immediately adjacent to Boeing’s St. Louis Campus (where Boeing manufactures fighter jets and other military aircraft), the community offers residents the opportunity to live close to many of the area’s largest employers including Amazon, Mallinckrodt Pharmaceuticals, GKN Aerospace, and many others.

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