Granville Apartments

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1234 Lorem Ipsum Avenue | Glenview, IL 60025

PROPERTY TITLE

The Opportunity

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ROBUST NORTH SHORE DEMOGRAPHICS

Average Household Income: $XXXXXX (within 1 mile) Median Home Value: $XXXXXX (within 1 mile) White Collar Workers: XX% Jobs Proximity Index: Lorem ipsum dolor sit Highest Job Growth of ALL Chicago Submarkets: XX% Consumer Spending: Lorem ipsum dolor sit amet Massive Population Influx of the Most Desirable Demographic: Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et Robust Rent Growth: Lorem ipsum dolor sit amet, consectetur adipiscing elit Rent Wallet Share (34%): Lorem ipsum dolor sit amet, consectetur

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PROPERTY HIGHLIGHTS

PROPERTY SUMMary

XXXX SF

XXX

XXXXXX SF

XX Acres

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XXX Spaces

Average Unit Size:

Number of Units:

XXXX

Year Completed:

Total Rentable Area:

Site Size:

Building Type:

Stories:

Parking:

1234 Lorem Ipsum Avenue | Glenview, IL 60025

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 loan brokerage business in Nevada. © 2023 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 the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.

PETE EVANS

INVESTMENT SALES

MORTGAGE BANKING

Senior Managing Director pete.evans@berkadia.com 847.226.0836

MICHAEL SLOVITT

Managing Director michael.slovitt@berkadia.com 312.636.5322

RICHARD EVANS

Senior Director richard.evans@berkadia.com 773.991.3321

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PHOTO GALLERY

PROPERTY TITLE

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*select units

INTERIOR FEATURES

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COMMUNITY FEATURES

AMENITIES

PROPERTY TITLE

DOWNLOAD FLYER

DOCUMENT CENTER

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 loan brokerage business in Nevada. © 2023 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: https://www.berkadia.com/licensing/.

PETE EVANS

INVESTMENT SALES

MORTGAGE BANKING

Senior Managing Director pete.evans@berkadia.com 847.226.0836

TIM LEONHARD

Senior Managing Director tim.leonhard@berkadia.com 214.360.3849

RICHARD EVANS

Senior Director richard.evans@berkadia.com 773.991.3321

966 SF

134

129,500 SF

0.331 Acres

High-rise

Average Unit Size:

Number of Units:

1935 / RENOVATED 2023

Year Completed:

Total Rentable Area:

Site Size:

Building Type:

Stories:

6230 n. kenmore Avenue | chicago, IL 60660

granville apartments

Granville offers investors the opportunity to accelerate revenue growth through targeted interior apartment upgrades to approximately 56% of the Property’s units (75 Units: 69 Classic to Renovated; 6 Vinyl to Renovated). Design and material improvements to the hallways to match recent renovations to the lobby and common areas would further enhance Granville’s already-favorable market position. Owner has recently made extensive common area improvements including: refurbished office, common area bathroom, package room, foyer, laundry (owned, not coin-operated/WASH), exercise room, access management (VTS Activate/Rise Buildings), hallway lighting fixtures & security cameras.

OVERVIEW

VALUE-ADD OPPORTUNITY

Downtown Chicago and the Chicago Metro are well-positioned for 2023 and beyond — from economic strength to job growth, rent growth to a plethora of titan employers. This is a market of resiliency, stability, strength, and continued growth. #1 U.S. Metro for Fastest Rent Growth: 4% (July 2023, YoY) #6 Metro for Job Creation: + 89,200 Jobs (June 2023, YoY) Chicago is a Near $1 Trillion GDP Power Economy: #3 Metro in the U.S., comprising the bulk of Illinois’ $1.041T GDP (#5 State in the U.S.), and is ranked the #8 Global Financial Center

DECADES OF DURABILITY + SUSTAINED FORWARD MOMENTUM

CHICAGO MARKET:

Granville Apartments is a naturally-occurring affordable housing rental property — one block from Loyola University's Lake Shore Campus. Perfectly sized at 134 units, Granville has 17 stories of Chicago + Lake Michigan views and 1935-built Art Deco charm, all set within the historic Edgewater neighborhood on Chicago’s northside. Nestled amongst many Loyola-owned buildings, with its one-block campus walk, Granville's renter pool is powerful and permanent. DIVERSE TENANT MIX, AFFORDABLE COMPONENT, + ELIGIBILITY FOR AMPLE INCENTIVE PROGRAM The property's unique set of drivers is precisely what attracts its diverse tenant mix: approximately 35% Affordable via Housing Choice Vouchers, 40% Students, and 25% Market Rate. Granville has no regulatory affordability restrictions. The 35% Affordable component brings eligibility for the Cook County Affordable Housing Incentive Program — and an ample assessment reduction. PROVEN VALUE-ADD PROGRAM Seizing the opportunity to continue and expand Granville's successful value-add program delivers an exceptional vehicle to additional revenue growth FULL UNIT MIX WITH THE SUBMARKET’S MOST SPACIOUS UNITS Studio, 1, 2, 3, and 4 Bedroom Units @ 966 SF Average DRIVING FORCES: CAMPUS • TRANSIT • LAKE Steps to Loyola University + Chicago’s #1 Artery: CTA “L” Red Line Unmatched Walkables Lake Michigan Living Sought-After Edgewater Neighborhood CASH FLOW DURABILITY Neighborhood Properties Attract Consistent Demand, Regardless of Decade or Economic Conditions Adjacent Thriving + Expanding Loyola University Campus Provides a Powerful Channel of Ongoing Demand

THE OPPORTUNITY

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6230 N. Kenmore Avenue | Chicago, IL 60660

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granvillE apartments

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granville apartments

6230 N Kenmore Avenue | Chicago, IL 60660

#1 Metro in the U.S. for Corporate Investment: #1 for 10 consecutive years, with a record-breaking total 448 relocations + expansions in 2022, including: Google’s Thompson Center, Kellogg’s HQ, Abbott, Mars Candy, BMO Financial, John Deere #2 Market with the Most Fortune 500 Headquarters in 2023: 31 Companies Incoming $1.7 Billion Bally’s Chicago: Destination Casino, Hotel, and Economic Juggernaut + the $250M Chan Zuckerberg Biohub: Further Boosting Chicago as a Top Life Sciences Cluster ( sources: US Census Bureau, US Bureau of Labor Statistics, RealPage, Forbes, Fortune, Crain’s Chicago Business, Apartment List )

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LAURA CATHLINA

Senior Managing Director laura.cathlina@berkadia.com 312.339.5343

Kevin Larimer

Senior Managing Director (Senior Housing) kevin.larimer@berkadia.com (248) 214-7027