Kenosha County Multifamily Land Site

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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

Senior Managing Director pete.evans@berkadia.com 847.226.0836

ralph depasquale

Managing Director ralph.depasquale@berkadia.com 847.778.2187

RICHARD EVANS

Senior Director richard.evans@berkadia.com 773.991.3321

891SF

256

228,100 SF

29.43Acres

Advenir Oakley Capital

Average Unit Size:

Number of Units:

Village of Bristol

Site Location:

Total Rentable Area:

Site Size:

Seller:

BRISTOL | WISCONSIN

SITE OVERVIEW

All Infrastructure costs to be built and paid for by Advenir-Oakley Capital. Site will be shovel-ready. Opportunity to program a multifamily development to succeed in balance with the neighboring single-family rental cottage community by Advenir Oakley Capital. While only minutes from the prominent intersection of I-94 and Highway 50, the site is bordered on three sides by mature protected forest land and wetlands (Root River & Des Plaines River). Site includes an abundance of open space and parkland, to be connected with walking paths. Site is fully-entitled and ready for development. Timeline to be negotiated with Advenir Oakley Capital. Kenosha County is one of the fastest growing areas in the State of Wisconsin. Since 2000, Kenosha County’s population has grown at a rate of 12.6%, much more rapidly than the state and national growth rates of 6.0% and 9.7%, respectively. According to the City of Kenosha, the demand exists in Kenosha County to necessitate the development of more than 1,000 housing units per year, for the next 10 years.

WHAT MAKES THIS SITE A TRUE RARITY

1/2 MILE TO THE I-94 POWER CORRIDOR: 46% of Kenosha County is Out-Commuters Core Conduit to: Chicago + Milwaukee Metros Lined with Fortune 500 Company HQs and Fortune 1000s Connector of 11.1 Million Residents Between the Chicago and Milwaukee MSAs 360° RENTER POOL: Attract the Massive Influx of Chicago MSA + Milwaukee Metro Commuters, Families, Young Professionals Draw Employees of Surrounding + Expanding Giant Employers: Uline / Amazon / Snap-on / SC Johnson Cater to the Preexisting Diverse Population of the Kenosha County Submarket STELLAR DEMOGRAPHICS + THE IDEAL RENTERS: Average Household Income: $142,713 (within 1 mile of Site) Median Home Value: $451,926 (1 mile) 69% White Collar Workers Consumer Spending: $487 Million (5 miles)

THE DEMAND DRIVERS

POWERFUL POSITIONING FOR NOW AND FUTURE

Berkadia is pleased to present an opportunity to acquire a prime 29.43-acre fully-entitled multifamily land site in the Village of Bristol, in Kenosha County, Wisconsin. Located southwest of the intersection of 130th Avenue and 75th Street (State Highway 50), only 1/2 mile west of Interstate 94, this location in southeastern Wisconsin is one of the fastest growing suburban submarkets in the Midwest. WHAT MAKES THIS SITE DIFFERENT The subject land site (29.43 acres) is part of a larger land assemblage of 77.47 total acres by Advenir Oakley Capital, a Miami-based multifamily developer. Advenir Oakley Capital intends to develop 31.61 acres into a BTR community including standalone cottages (275 proposed units / 8.70 units per acre) known as Leo at Bristol. They will sell the 29.43-acre multifamily site to a highly-qualified developer. The remaining land, subsequent to the development of these two sites, includes 12.33 acres for an environmental area and 4.10 acres for future roads. The combination of Advenir Oakley Capital’s new-to-market rental cottages at Leo at Bristol with traditional luxury multifamily at the subject site, centrally located within the booming I-94 Corridor between Chicago and Milwaukee, is perfectly suited to meet the current and future rental demand in southeastern Wisconsin and Lake County, Illinois.

OVERVIEW

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Bristol | Wisconsin

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KENOSHA COUNTY MULTIFAMILY LAND SITE

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KENOSHA COUNTY MULTIFAMILY LAND SITE

Bristol | Wisconsin

ROBUST RENT PROFILE Kenosha Submarket Rent Growth: 3.9% (December 2023, YoY) National Average: 0.6% Strong Submarket Occupancy: 95.8% (December 2023, YoY) National Average: 92.6% 27.7% Under Construction Units (December 2023, YoY) Excellent Rent Wallet Share (27.5%) is Significantly Lower Than Home Owning Wallet Share (41%) 11% Population Growth: Projected for 2023-2028 (1 mile) 12.3% Family Household Growth: Projected for 2023-2028 (1 mile) 28% of Population: Renters (3 miles) KENOSHA COUNTY SUBMARKET = SUBURBAN IDYLL: A-Grade Elementary + Middle Schools with School Proficiency Index Rank “Excellent” (96/100) Lowest Crime Index Rating Achievable: 1 (“Low”) #5 Best County for Young Professionals in Wisconsin + #6 Best County for Families (Niche.com, 2023)

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