Avant at the Arboretum

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450 Warrenville Road | Lisle, IL 60532

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450 Warrenville Rd, Lisle, IL 60532

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada. © 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

LAURA CATHLINA

Senior Managing Director laura.cathlina@berkadia.com 312.339.5343

RICHARD EVANS

Senior Director richard.evans@berkadia.com 773.991.3321 License #: 475.127322

PETE EVANS

INVESTMENT SALES

MORTGAGE BANKING

Senior Managing Director pete.evans@berkadia.com 847.226.0836 License #: 471.014084

PHOTO GALLERY

920 SF

310

285,180 SF

8.29 Acres

Mid-Rise

Four

507 Spaces

Average Unit Size:

Number of Units:

2013

Year Completed:

Total Rentable Area:

Site Size:

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Stories:

Parking:

450 Warrenville Road, Lisle, IL 60532

PROPERTY SUMMary

VALUE-ADD OPPORTUNITY SIGNIFICANT REDUCTION IN NEW SUPPLY IS EXPECTED TO STRENGTHEN MULTIFAMILY MARKET FUNDAMENTALS PRIME LOCATION + VISIBILITY: ON I-88 / I-355 AND ONLY 5 MIN / 1.5 MILES FROM LISLE METRA RAIL STATION LUXE TOUCHES: POOL DECK | 9’ CEILINGS | GARAGE PARKING | PET PARK | CLUBROOM | GAME ROOM | CO-WORKING AREA MINUTES FROM THE MORTON ARBORETUM, ADJACENT TO RESIDENTIAL NEIGHBORHOODS AND PREMIER BUSINESS PARKS EXCEPTIONAL LEASE TRADE-OUTS: 9.9% AVG RENT PREMIUM ON 18 RECENT NEW LEASES AND 8.5% AVG RENT PREMIUM ON 31 RECENT RENEWALS AFFLUENT DUPAGE COUNTY DEMOGRAPHICS + TOP-RANKED SCHOOLS

OPTIMAL OPPORTUNITIES + DIFFERENTIATORS:

A verage Household Income: $152118 ( within 5 miles of Avant at the Arboretum ) Median Home Value: $435,417 (5 miles) Population Growth Projected for 2024-2029: 2.3% 78% White Collar Workers (2 miles) $3.9 Billion in Consumer Spending (5 miles)

Stellar Submarket Rent Growth: 4.3% | 4 X U.S. Average) ( May 2024, YoY | Compare to National: 1.0% ) Strong Submarket Occupancy: 95.3% ( May 2024 | Compare to National: 92.3% ) Stabililized Occupancy Projected for 2024 - 2029: 96.6% Rent Wallet Share ( 29.3% ) is Significantly Lower Than Home-Owning Wallet Share ( 43.5% )

ROBUST RENT PROFILE + THE DREAM DEMOGRAPHIC

POWERFULLY POSITIONED: AVANT AT THE ARBORETUM LISLE, + NAPERVILLE / LISLE SUBMARKET

HIGH-PROFILE VALUE-ADD OPPORTUNITY AT I-88 AND I-355, CONVENIENT TO MULTIPLE SUBURBAN JOB CORRIDORS, METRA COMMUTER RAIL SERVICE, AND LIFESTYLE AMENITIES Avant at the Arboretum is a 2013-built, 310-unit, 4-story multifamily wrap property set on 8.29 manicured acres in the affluent Village of Lisle. Located opposite of the renowned Morton Arboretum in DuPage County, over 135,000 cars pass in front of Avant on Interstate 88 every day. From unmatched 360° access to future-forward execution — Avant at the Arboretum will be an enduring, durable, and powerful investment. LISLE: ONE OF CHICAGO’S “WEST SUBURBAN ELITE 8” • 8 MAJOR SUBURBAN CHICAGO JOB CENTERS = 1 MILLION+ JOBS • CENTERED AROUND I-88 TECH CORRIDOR + i-355 / OAK BROOK

AVANT AT THE ARBORETUM

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VALUE-ADD OPPORTUNITY:

Avant at the Arboretum offers high-end finishes including 9’ ceiling heights, granite countertops, stainless steel appliances, full-size in-unit washer/dryer, and large living areas. Select units offer a private balcony or patio and walk-in closets. Avant offers two distinct cabinet styles: Espresso and Maple. Avant also features three flooring types in the living areas: Vinyl Plank, Carpet, or Wood. With 126 carpet units, 180 vinyl plank units, and 4 wood floor units, there is clear opportunity to upgrade the carpeted units to vinyl plank. Based on Avant at the Arboretum’s competitive position and existing quality and design features, we see multiple opportunities for targeted improvements to unit interiors to drive additional rent growth. With two distinct cabinet styles and three flooring types in the living areas, there is clear opportunity to upgrade the carpeted units to vinyl plank and paint the cabinets to compete with the newest competitors in the submarket. Additional improvements such as a tech package with smart thermostats and electric car charging stations will provide more opportunities to drive revenue growth.

EMILY STANG

Senior Director emily.stang@berkadia.com 630.803.5941

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